Litchfield enquirer., 1870-03-24

1 aud tv those great National works of internal improvement whose intrinsic merit and sub stantial character entitle them to the use of Capital and the confidence of Investors we now offer with special confidence and satisfac- l tion the
 l FIRST MORTGAGE BONDS
 Chesapsaks and Ohio Railroad Company
 Phe Chesapeake and Ohio Railroad connects , the Atlantic coast and the magnificent harbors of the Chesapeake Bay with the Ohio River at point of reliable navigation, and thus, with the entire Railroad system and wa ter transportation of the great west aud south west, forms the additional east and west trunk line so Impsratively demanded for the accom- moaation of the imm ense and rapidly gr owing Il transportation between the Atlantic seaboard and Europe on the one hand, and the great producing regions of the Ohio and Mississippi 1 Valleys on the other.
 1 The importance of this road as a lew outlet 1 from the West to the sea rnagnifes it iatu One of national consequence, and insures to it an extensive through traffic from the day of it's completion; while in ths development Of the extensive agricultural and mineral resources of Virginia and Wet Virginia, 1t possesses, and profitable local business.
 Thus the great interests, both general and local which demand the completion of the Chesapeake and Ohio Railroad to the Ohio River, afford the surest guarantee of its success and value. and render iitthe mott important and substantial Rail- road enterprise now in progress In this Coan- try.
 Its superiority as an East and West route, and the promise of au immense and profitable trade awaiting its completion, have drawn to lit the attention and cooperation of prominent Capitalists and Railroad men of this city of sound judgment and known integrity, whose connection with it, together with that of emi- nent citizens md business men of Vr- ginia and West Virginia, insures an en- ergetic, honorable, and successful management.
 The Road Is com pleted and in operation from Richmond to the celebrated White SIL phur Springs of West Virginia, 227 miles, and there remain but 200 miles [now partially constructedl to be completed, to carry it to the proposed terminus on the Ohio river at, or near, the mouth of the Big Sandy River, 15O miles above Cincinnati, and $50 miles below Pittsburg.
 | d ;, through Ohio and Kentucky to this point, which will con meet the Chesapeake and Ohio Railroad systems of the West and Southwest, with the Pacific Railroad.
 Its valuable franchises and superior advan- tages will place the Chesapeake and Ohio Railroad Company among the richest and mosvpowerful aud trustworthy corporations of the country; aud there exists 8 present val ue, in completed road and work done, equal to the entire amount of the mortgage.
 The detailsof the Loan have bsen arranged with special reference to the wants ofall class es of investors, and combine tae various fea. lures of convenience, safety, and protection against loss or fraud.
 | $500, and sl00.
 They will be issued as Coupon Bonds, paya. ble to Bearer. and may be held in that form or, The Bond may Do registered in the name ol the owner with the coupons remaining paya } ble to bearer attached, the principal being then transferable only on the Company books unless re assigned to bearer; or.
 The Coupons may be detached and cancelled the bond may be 8 permanent registered bond transferable only on the books of the Company, and the interest made payable only to the reg. istered owner or his attorney. t..-
 The three classes will be known respectively as: A ..-...- Ana
 lst. "Coupon Bonds payable to Bearer.''
 2d. Registered Bonds with Coupons attach ed
 Sd. Registered Bonds with Coupons de- tached.' and should be so designated by Cor respondents in specifying the class of Bonds , desired.
 They have thirty years to run from January l5, 1870, with interest at six per cent per an mum from Nov. l, 1869. Principal and interest payable in gold in the city of New York.
 The interest ispayable in May and Novem- sb Ger, that it maye Bake the place of that of tn. earlier issue Five-twenties, and suit the convenience of our friends who already hold Central and Western Pacific Bonds, with sn- terest payable in January and July, and who may desire, In making additional investments, to have their interest receivable at different seasons of the year. %S
 Inc Loan is secured by mortgage upon the , entire line of Road from Richmond to the Ohio River, with the equipment and all other property and appurtenauces connected there. with.
 Sinking Fund of $lOO, 900 per annum is provided for the redemption of the Bonds, to take effect one year after the completion of the Road.
 The mortgag. is for sl5, 900 900. of which $2, ,000, 900 will be reserved and held in tr ust for the redemption of outstanding Bonds of the Virginia Central Railroad Company, now merged in the Chesapeake and Ohio. Of the remaining SIS, 3,O00,0 900, a sufficient amount will be sold to complete the road to the Ohio River, perfect and improve the portion now in operation, and thoroughly equip the whole for a large and active traf6 c The present price Is 90 and accrued interest.
 A Loan so amply secured. so carefully guar dsd, and so certain hereafter to command a prominent place among the favorite securities m the markets. both of this Country anu Eu- rope, will be at once appreciated and quickly absorbed Very respectfully,
 3 FISK HATCH, Bankers. i, i. S.-We have issued pamphlets contain