Gallipolis journal. [volume] (Gallipolis, Ohio) 1837-1919, 1870-03-17
FIRST MORTGAGE BONDS
Chesapeake and Ohio Railroad Co.

Chesapeake and Ohio Railroad Co.
The Chesapeake and Ohio Railroed, connec-
ting the Atlantic coast and the magnificent har-
bors OF the Chesapeake Bay with the Ohio River
the entire Railroad system and water transpor-
tation OF the great West and southwest,
FORMS THE ADDITIONAL EAST AND WEsT Trunk
LINE,
so imperatively demanded for the aecommoda-
tion of the immense and rapidly-growin trans
portation between the Atlantic seaboard and
Europe on the one hand, and the great producing
regions Of the Ohio and Mississippi Valleys ON
the other
The IMPORTANCE OF THIS RoAD AS NEW
OUTLET FROM THE WEST TO TIE SEA
| magnifies it into one of national consequence,
| and insures TO it an extensive through traffic
from the day Of It's completion; while in the de;
| velOpment of the extensive agricultural and
mineral resources OF Virginia and West Virgin
ia it possesses along its own line the elements of
| a large and profitable local business.
Thus the great interests, both general and To-
| cal, which demand the completion of the Chesa-
| peake and Ohio Railroad to the Ohio River, at
ford the surest guarantee OF its success and val
ue, and
1
Railroad enterprise nO,o in progress in this
Country.
Its superiority as an East and West route and
the promise of an immense and profitable trade
awaiting its completion, have drawn tO IL the at
! tenticn and cooperation of prominent Capital
lists and Railroad men of this City of sound judg
ment and known integrity, whose connection
! with it, together with that of eminent citizens
rinia
INSURES AN ENERGETIC. HONORA-
BILE AND SUCCESSFUL
MANAGEMENT.
| The Road is completed and in operation from
| Richmond to the celebrated White SULPHUR
! Springs OF West-Virginia, 227 miles, and there
| remain but 200 miles NOW partially construetedi
to be completed, to carry it to the proposed ter
minus on the Ohio river at, or near, the mouth OF
the Big Sandy river, $50 miles above Cincinnati,
and $50 miles below Pittsburg.
Lines are now projected or in progress through
Ohio and Kentucky TO this point, which will con-
meet the
ROAD SYSTEMS OF THE WEST AND soUra-
WEST, AND WITH THE PACIFIC
RAILROAD.
Its valuable franchises and superior advan-
tages will place the Chesapeake and Ohio Rail-
road Company among the richest and most pow
erful and trustworthy corporations Of the coun-
try;
and there erists a present oalus, in completed
road and tcOTk 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 class
es 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 800.
They will be issued as Coupon Bonds, pdyd-
bic to Bedrer, and may be held in that form; or
The Bond may be reOistered in the name of the
owner, with the coupons remaining payable TO
bearer attached, the principal being then trans
ferable only ON the books of the Company, unless
re assigned to bearer; or
The coupons may be detached and cancelled,
the Bond made permanent Registered Bond,
transferable only on the books Of the Company,
and the interest made payable only 10 the regis
The three classes will be known respectively
US:
lsT. "CouPoa BoxDs IYABLE TO BEARER"
2D "RroIsrERED BoSDs WITH CouPoSs Ar
rAcHED.''
81. "REGIsrERED BONDS WITH CoUPoys DE-
and should be so designated by Correspondents
in specifying the class Of Bonds desired
They have thirty gears to run from January
Is, 1870. with interest at six per cent per annum
lrom NoyembeT lss Prisnslpal RI ,a and and interest
The interest is payable in May and November,
that it may take the place of that of the earlier
issue of Five -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 max
ing additional investments, to have their inter-
est receivable at different seasons of the year.
The Loan is secured by mortgage upon the
river, with the equipment and all other property
md appurtenances connected herewith.
A SINKING FUND OF 100000 PER ASSUx Is
FOR THE REDEMPTION OF THE BONDS,
% TAKE EFFECT ONE YEAR AFTER TIE COMPILE
ZION OF THE ROAD.
The mortgage is for $4,000 600, Of which 81,
100 600 will be reserved and held in trust for the
redemption of outstanding Bonds OF the Virgin
0 Central Railroad Company, now merged IN
he Chesapeake and Ohio
OF the remaining $13 OOG OOO a sufficient amount
will be sold complete the road TO the Ohio riv-
r. perfect and improve the portion now in opera
ion and thoroughly equip the whole for a large
nd active traffic
The present price is 90 and accrued interest
A Loan SO amply secured. so carefully guard
d, and 50 certain hereafter TO command prom
nent place among the favOrite securities in the
markets. both of this Country and Eurepe, viii
e at once appreciated and quickly absorbed