The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1870-03-09
MISCELLANEOUS.
Office of FISK & HATCH,
BANKERS AND DEALERS IN GOVERN
MENT SECURITIES.


The FIRST Mortgage Bonds of wisey-iocated and hon
'raDy managed Railroads are promptly recognized
md readily taken as the most suitable safe and ad
'antageous form of investment yielding more lib
'ral income than can hereafter be derived from
government Bonds, and available to take their
place.
Assured that, In the selection and negotiation of
superior Railroad Loans, we are meeting a great
public want, and rendering n va,uabs ssrv,cs
both to the holders of Capital and to those great
National works of internal improvement whose In
trinsc merit and substantial character entite them
10 the use of Capital and the confidence OF Investors
we now offer with special confidence and satIsfac-
lion the
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 nd water transportation of the great West
and Southwest, forms the additional East
and West Trunk Line, so imperatvely de-
handed for the accommodation of the immense and
rapidly-srowing transportation between the Attain
tic sea-bcard and Europe on The one hand, and the
great Producing regions OF the Ohio and Mississippi
Valleys on the other.
The impo rfance OF this Road a. a new
outlet from the West to the sen magnifes it
into 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 az
ricultural and mineral resources OF virginia and
westvirginia, 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 CnEsHPEAKE
AND ONO RAILROAD to the Ohio River, afford the
surest guarantee OF its success and value, and rem
der il the most Important nndI substantial
Railroad enterprise now In progress 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 and business men Of Viz
ginia and West Virginia, insures an energetic,
honorable, and successful management.
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, or near, the mouth OF the Big Sandy river
$50 miles above Cincinnati, $50 miles below Pitts
burg.
Lines are now projected 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. and 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 4 present value, In completed
read and work done, equal 20 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 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 the
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 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:
1st. "Coupon Bonds payable to
2nd. s.Resis,ered Bond. with Ceupens
attached"
Sd. "Regisseted Bonds with Coupons
de:ached,'' and should be so designated by cor
respondents in specifying the class of Bonds desired
They have thirty years to run from January Is,
1870, with interest at six per cent per annum from
November 1, 1869, Principal and Int, est payable In
GOLD in the city Of Ne,c York.
The interest is payable in MAY snd NOVEMBER,
that it may take the place of that Of the earlier is
sues Of Five-Twenties and suit the convenience or
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
emit seasons of the year.
The Loan is secured by 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 Find Of s1O0, 900 per annum 10 pro-
rid dor the redemption Of the Bonds TO take eject
one year after the completion Of The road.
The mortgage is for s15 900 900, ofwhch 100000
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 OHIO.
OF the remaining $4,000, 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 large and ac-