Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1870-03-03

| pTOVemepC whose intrinsic neflt ana SuOStall-
tial character, enttle them to tho use Of Capital
and the confidence Of investors-we now offer.
with special confidence and satisfaction. the
FIRST MORTGAGE BONDS
| OF THE
Chesapeake and Ohio Railroad Go.
| The Chesapeake ard Ohio Railroaa connect
! ing the Atlantic coast and the magnificent har-
| bors Of the Chesapeake Bay with the Ohio Riy-
| er al q point Of reliable navigation, and thus,
with tho entire Railroad system and water
| transportation of the great West and Southwest
forms the additional East and West
Trunk Line, so imperstively demanded for
the accommodation of the immense and rapidly
growing transportation between the Atlantic
| sesooard and Europe on The one hand, and the
great producing regions Of the Ohio and Mis-
sssippi Valleys on the other.
The importance of this Road as Il
new outlet from the West to the sea
magnifos it into one Of national consequence,
and insures 10 it an extensive through traffic
from tho day Of its completion whilo. in the
development of the extensive agricultural and
mineral resources of Virginia and West Vir-
glna it possesses along its own line, tho eie-
| ments off large and profitable local business.
Thus tho great interests, both gen eral and 10.
| cal, which demand the compilation Of tho Giles
| APEAKE AND ONO RAILROAD TO the Ohio Riv-
er afford the surest guarantee OF its success and
| value, and render il the most important
and substantial Railroad enterprise
now in progress in this country.
It's superiority as m East and West route,
i a. If io,r, and nrGiit to bio
trade awaiting its completion, have drawn to it
tho attention and cooperation of prominent
CAPITALISTS and Rail- Dad men Of this City, of
sound judgment and known integrity, whose
connection with it, together with that Of emf
nent citizens snd business men of Virginia and
West Virginia, inSureS nn energetic,
honorable and successful manage
Inent.
Tho Road is completed and III operation from
Richmond to tho celebrated White Sulphur
Springs Of West Virginia, 227 miles, and there
remain but 200 miles (now partially construct
cd) TO be completed to carry it to the proposed
terminus on the Ohio river at, or near, tht
mouth of the Big Sandy River, $50 miles abovt
Cincinnati, and $50 miles below Pittsburg.
Lines arc now projected or in progress:
through Ohio and Kentucky to this point
which will connect tho Chesapeake and ono
with the ontlrc kGllE DAD systems OF the Yves
and Southwest, and with the Pacific Railroad
Its valuable franchises and superior adY@n
tsges will place the CHESAPEAKE AND ONO
! RAILROAD COMPANY among the richest and
most powerful and trustworthy corporations o!
the country; and there exists a present value,
in completed road and work done, equal 10 the
ontirc amount of tho mortgage
The details Of tho Loan havo boon arranged
with special reference to the wants Of all classes
Of investors and combine the various features
of convenience. safety and protection against
loss or fraud.
The Bonds are in denominations Of
$1,000, $500 and 500.
They will be issued IS Coupon Bonds, Payn6Ic
to Bearer, and may be held in that form; or
The Bond may be registered in the namc OF
tho owner, with the coupons remaining payable
to bearer attached, the principal being then
transferable only on the books Of the Company,
unless reassigned to bearer; or
The coupons may BIO detached and cancelled
the Bond msdc o permanent Registered Bo''",
transferable only on the books Of tho Company
and the interest made payable only to the re-
gistered owner or his attorney.
Tho thrce classes will DO known respectively
as
1st "COUPON BONDS PAYABLE TIC
BEARER"
ID. "REGIsTERED BONDS WITH COU
PONS ATTACHED"
Sd. "EEGISTERED BONDS WITH COU
PONS D ETACHED," and should be so dc;'g
atcd by Correspondents in specifying the cI"s
Of Bonds dolrcd.
They have THIRTY YEARS to run from
Jsnusry IS 1870, with interest Mt elk per ccii'
from, November J, 1869. PRIHct'
.1ASp INTEREST PAYABLE ~ GOLD IN inc
city Of Now York.
The interest is payable in MAY and NovEM-
her, that it may talo tho place of that OF the
earlier issues of FivcTwent!es, ana suit the
convenience Of Our friends who already hol
Central and Western Pacific Bonds, with inter
est payable in January and July, and who
NAV desire, in making additional investments
70 have their interest receivable at different sea
Sons of the year.
Tho Loan Is secured by mortgage upon me
| entire Line of Ra.d from Richmond TO tho Ohio
River, with tho equipment and all other prop
crty and appurf enancea connected lhcre"i'h'
| A Sinking Fund Of SlOO UOO per Hnhun 's
| provided for TIE redemption Of tho Bonds, 70
take effect on year after the completion OF the
| Road. oooo mn, ,,;oL
The mortgage is for Sl5,0C0.O0l, Of whIch
- 0(1 uyO will DO reserved and he d in trust Tor
the redemption o! outstanding Bonds of the
| Virginia Central Railroad Company, now
| merged in the CHEsArE FAKE ASD OHIO
OF tic remaining Sl3UOCO0 sunlcleEt
! amount will be sold to complete the road TO tn
| Ohio river. perfect and improve the portion
| now in operation, and thoroughly equip tho
| whole for a largo and active traffic.
| The present price is 80 and accrued interest.
A loan so amply secured SO carefully guard.
! ed and 90 certain hereafter TO command g
| prom nent place among the fsvorte securite:
! in the markets, both OF this Country and Flu
rope, will be at once appreciated and quickly
absorbed. Very respectfully,
FISK & HATCH, Bankers.