The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1870-03-08
MISCELLANEOUS.
Office of FISK & HATCH,
BANKERS AND DEALERS IN GOVERN
MENT SECURITIES.

vantageous form of Investment yielding a more lib
eral 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 valuable service
both to the holders of Capital and to those great
National works of internal improvement whose in
trnsc merit and substantial character enttle them
to the use Of Capital and the confidence OF investors
I'VE now offer with special confidence and sat'sac-
ton the
FIRST MORTGAGE BONDS
OF THE
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, FERNS the additional East
a.d West Trunk Line, so imperatively de-
manded tor the accommodation of the immense and
rapidly-growing transportation between the ATTAIN
tic sea-bcard and Europe on the one hand, and the
great producing regions CT the Ohio and Mississippi
Valleys on the other.
The Importance Of this Read a. = new
outlet from the West t. the sea magniHes it
into one of national and nsures to 1t an
extensive through traffic from the day OF its compile
ton; while, in the development Of the extensive ag-
ricultural and mineral resources OF Virginia and
westvirgnia, 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 CHRslPFAKs
AND ONO RAILROAD to the Ohio River, afford the
surest guarantee OF its success and value, and rem
der 1t the most Important and. substantial
Railroad enterprise now In progress In
this Country.
Its superiority 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 vir-
ginia and est-virginia, insures IN energetic,
honorable, and successfal MANAGEMENT.
The Road is completed and in operation from
Richmond to the celebrated White Sulphur Springs
OF west-virsinla, 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 or in progress through
Ohio and Kentucky to this point, which viii connect
the Chesapeake and Ohie with the entire
west. and with the Pacific Railre.d.
-Tts vol"oh,A -s-.--hs->- ...a .----i---.---4eres
Will place the CHEsAPEAxE AND ONO RAILRoAp
COMPANY among the richest and most powerful and
trustworthy corporations Of the country; and
there exists = present value, In csrplesea
read and wsrk done, eq.al 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 invest
ors, and combine the various features Of
safety and protection against loss or fraud.
The Bonds are in denominations of
$1,000, $500, and 500.
They will be issued as COUPON BONDS, payable to
Bearer. andhay be held in that form; or
The Bons'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-assgn-
The coupons may BE- detached and cancelled, the
Bond made a 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:
list. "Csupsn Bends payable .
Bearer.o
9na. s.Regissered Bsnds with Coupons
attacked"
Sd. "ReyisteseA Bends with Coupons
detached - and should be 50 designated by cor
respondents in specifying the class of Bonds desired
They have thirty years 10 run from January Is,
1870, with interest at six per cent per annum from
November l. 1ses Principal and Int, est payable In
GOLD in the City Of New York.
The interest is payable in MAY and NOVEMBER,
that may take the place of that Of the earlier is
sues Of Five -Twenties and suit the convenience OF
ouA AieuVS WIN aIeauy oolu Centfal ana w estern
Pacific Bonds, with interest payable in January and
July, and who may desire, in making additional In
vestmens 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 Fund Of 100000 per annum 10 pro-
vid dior the redemption Of the Bonds, to take effect
one year after the completion Of the road.
The mortgage is for s15 900 ooo which 900
will be reserved and held in trust for tho redemp-
ton OF outstanding Bonds Of the Virginia Central
Railroad Company, now merged in the CHEsA-
PEAKE AND OHIO.
OF the remaining $4,000, 900. 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 &C.
tive traffic.
The present price is 90 and accrued interest.