The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1870-02-26
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 constructedl to be COM
pleted to carry to the proposed terminus 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 Chesapeake and Ohio with the entire rail-
road systems Of the West and Southwest and with
the Pacific railroad.
Its valuable franchises aud 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 "a present value, In
completed road and work 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 classes Of in
yestors, and combine the various features Of con-
venience safety. and protection against loss or
fraud.
The Bonds are In denominations Of
$1,000, $500, and 500,
They will he 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
bearer attached the principal being then transfer
assigned to bearer or
The Coupons may be detached and cancelled, the
Bond made permanent Registered Bond, trans
ferable only on the books Of the Company, and
the interest made payable only to the registered
owner or his attorney.
The three classes will be known respectively as !:
LIST. Coupon Bonds payable to bearer
%. Registered Bonds with Coupons attached
I'D. Registered Bonds with Coupons detach-
ed" should be 80 designated by correspondents In
specifying the class Of Bonds desired.
They have thirty years 10 run from January IS,
1870, with interest ut six per cent per annum from
November ], 1850. Principal and interest pays-
BILE In gold in the city OF New York. ..
The interest is payable in May and November
that 1t may take the place Of that OF the earlier
issues of Fiye-Twenties, and suit the convenience
Of our friends who already hold Central and West
ern Pacific bonds, with interest payable in Jsnu-
airy and July, and who may desire, In making sd-
ditional Investments, to have their interest re-
ceivable at different 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
appurtenances connected Herewith.
A sinking fund OF $laa, 900 per annum Is provided
for the redemption OF the bonds, to take effect one
year after the completion Of the road.
The mortgage is for $lG 900, OF which g, &C.,
900 will be reserved and held In trust for the re.
demption Of outstanding bonds Of the Virginia
Central Railroad Company, now merged In the
Chesapeake and Ohio.
Ofthe remaining $la, coo, 900, q 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
active traffic.
The present price Is 90 aud accrued interest.
loan so amply secured, so carefully guarded,
and 90 certain hereafter to command prominent
place among the favorite securities In the mar
kets, both Of this country and Europe. will be at
once appreciated and quickly absorbed.
Very respectfully,
FISK HATCH, Bankers.
p. s.-wc have issued pamphlets containing
full particulars, statistical details, maps, etc.,
which will be fnrnished upon application.
We buy and sell Government Bonds, and receive
the Accounts OF Banks, Bankers, Corporations,