The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1870-03-02

rinsc merit and substantial character entitle them
we now offer with special confidence and satIsfac-
ion the
FIRST MORTGAGE BONDS
OF THE
Chesapeake s1d Ohio Railroad Company.
The Chesapeake and Ohio Railroad, connecting the.
Atlantic coast and the magnificent harbors OF the
Chesapeake Bay with the Ohio River at point OF re-
liable navigation and thus with the entire Railroad
system and water transportation Of the great West
md Southwest. forms the additional East
md West Trunk Line, SO imperatively de-
transportation between the Allan
tic sea-bcard and Europe on the one hand, and the
great producing regions OF the OHIO and Mississippi
Valleys on the other. S1s
The Importance of .ahis Road as n new
outlet from the West 10 the sea magnifes It
into one of national consequence and insures to it an
extensive through traffic from the day of its compile
ton; lille, in the development Of the extensive ag
ricuItural and mineral resources OF Virginia and
Westyirginia it possesses, along its own line, the
elements of large and profitable local business.
Thus the great interests both general and local,
which demand the completion of the CHESAPEAKE
AND ONO RAILROAD to the Ohio River, afford the
surest guarantee OF its and values and rom
der il the most important and substantial
Railroad enterprise now i'm progress i'm
this Country.
Its superiority as an East and West route. and the
promise of an immense and profitable trade await
ing its completion, have drawn &c it the attention
aud cooperation of prominent Capitalists and Rail-
road men of this City OF SCUM alignment and known
integrity, whose connection with it, together with
that of eminent citizens and business men of Vir-
ginia and west-vrginia, insures an energetic,
honorable, md successful! mana cement.
The Road is completed and in operation from
Richmond to the celebrated White Sulphur Springs
of West-virsnia, 227 miles, aud there remain but
200 miles now partially constructed) to be compile
ted to carry it to the proposed terminus on the Ohio
river at, or near, the mouth OF the Big Sandy river
$50 miles above Cincinnati, $50 miles below Pitts
burg.
Lines are now projected or in progress through
Ohio and Kentucky to this point, which will connect
the Chesapeake and Ohio with the entire
Railroad systems of the West and South
west. md with the Pacific Railroad.
Its valuable franchises and superior advantages
will place the CHESAPEAKE AND OHIO RAILROAD
COMPANY among the richest and most powerful and
trustworthy corporations of the country; and
there exists a present value, i'm completed
road md work done, equal TO the entire
amount of the mortgage.
The details OF the Loan have been arranged with
special reference to the wants of all classes OF invest
ors and combine the various features OF convenience
safety and protection against loss or fraud
The Bonds are in denominations of
$1,000, $500, and 800.
They will be issued as COUPON BONDS, payable to
Bearer. and may be held in that form; or
The Bond may be registered in the name Of tho
owner, with the coupons remaining payable to bear
er attached the principal being then transferable
only on the books Of the Company, unless re-assign-
ed to bearer; or
The coupons may be detached and cancelled, the
Bond made permanent Registered Bond, transfer
able only on the books of thecompany and the inter-
est made payable only to the registered owner or his
attorney
Three classes will be known respectively as:
Hat. "Coupon Bonds payable 10
Bearer..
sna. Registered Bond with Coupons
niinched.o
3d. "Re2isteted Bonds with Couuo..
deiached,' and should be so designated by cor.
respondents in specifying the class of Bonds desired
They have ihi,ty years TO run.irom January is,
1870, with interest at six per cent per annum from
November I, 1sca Principal and Int, est payable in
GOLD in the City Of New York.
The interest is payable in MAY and NOVEMBER,
that it may take the place of that Of the earlier is
sues of Fve-Twenties, and suit the convenience OF
our friends who already hold Central and Western
Pacific Bonds, with interest payable in January and
July, and who may desire, in making additional in
vestments, to have their interest receivable at differ
ent seasons of the year.
The Loan is secured by a mortgage upon the en-
tire line Of road from Richmond to the Ohio River.
with the equipment and all other property and ap-
purtenances connected Herewith.
A Sinking Fund Of 100000 per aannna is pro
rid DIOR the redemption Of The Bonds, TO take effect
one gear qttcr The completion Of the road.
The mortgage is for $4,000 OOO of which So 10000
will be reserved and held in trust for the redemp-
ton OF outstanding Bonds OF the Virginia Central
Railroad Company, now merged in the CuEsA-
PEAKE AND ONO.
OF the remaining $4,000 COO. sufficient amount
will be sold to complete the road to the Ohio river
perfect and improve the portion now in operation.
Ind thoroughly equip the whole for large and ac-
i've traffic.
The present price is 90 and accrued interest.
Loan so amply secured, so carefully guarded
md so certain hereafter to command a prominent
'lace among the favorite securities in the markets
10Th of this country and Europe will be at once ap-
and quickly absorbed.
Very respectfully,
FISK &c HATCH,