The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1870-02-24
FIRST MORTGAGE BONDS

FIRST MORTGAGE BONDS
Chesapeake and 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 fnd water transportation of the great West
and Southwest, forms the additional Ensa
and West Trunk Line, so imperatively de-
manded tor the accommodation of the immense and
rapidly-growing transportation between the Attain
tic sea-bcard and Europe on the one hand, and the
great producing regions of the Ono and Mississippi
Valleys on the other.
The Importance of this Road ns n new
outlet from the West to the sea magniaes it
into oneof national consequence and insures to 1t an
extensive through traffic from the day OF its compile
ton; WHILE in the development of the extensive sg-
rieultural and mineral resources OF Virginia and
west-virginia 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 tie
surest guarantee OF its success and value and rem
der il the most Important ind substantial
Railroad enterprise now In progres, In
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 to it the attention
and cooperation of prominent Capitalists and Rail-
road men of this City OF sound Judgment and known
integrity, whose connection with it, together with
that of eminent citizens aud business men of Viz
ginia and west-virginia, insures an energetic,
honorable, and successful management.
The Road is completed and in operation from
Richmond to the celebrated White Sulphur Springs
OF west-virsinia, 227 miles, and there remain but
200 miles NOW partially constructed) to be compile
ted, to carry it to the proposed terminus on the Ohio
river at, 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 tins point which will connect
the Chesapeake and Ohio with the entire
Railroad systems Of the West and South
west. and with the Pacific Railroad.
Its valuable franchises and superior advantages
will osaes this -@s.sss--.~--.--'e ,.so nAstaoAD
COMPANY among the richest and most powerful and
trustworthy corporations Of the country: ara
there exists u present value, In completed
rsnd and work demo, equal 70 she entire
amount of the mortgage.
The details OF the Loan have been arrarosd v.h
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. andmay 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 reassign-
ed to bearer; or
The coupons may be detached and cancelled, the
Bond made permanent Registered Bond, transfer.
able only on the books of and the inter-
made payable only to the registered owner or his
attorney.
Three classes will be known respectively as:
1n. "Coupen Bends payable q
Bearer.o
End. s'Resisfcred Bsnds with Csupeus
attached.o
3D. ''Resisteted Bonds with Csups.s
des" ched," and should be SO designated by cor
respondents in specifying the class of Bonds desired
They have thirty years to run,irom January is,
1871 with interest at six per cent per annum from
November /, 1869, Principal and Inter est payable In
GOLD in the City Of New Yors.
The interest is navaI,,a -, NJ w al Novr.,,vy