The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1870-03-05
FIRST MORTGAGE BONDS
OF THE
Chesapeake and Ohio Railroad Co.

The Chesapeake and Ohio Railrood, connecting the
Atlantic coast and the magnificent harbors of the
chesapeake Bay with the Ohio River at a noint q,
reliable navigation. and thus, with the entire Rat
road system ana water transportation OF the great
West and Southwest, FORMS TIE ADDITIONAL,
bASt AND WEST TRUNK LINE so imperativelv
demanded for the accommodation OF the immonoo
and rapidly growing transportation between ,no
Atlantic seaooard and Europe on the one hand ana
tne great producing regions OF the Ohio and MssIs
sippi Valleys on the other -
THE IMPORTANCE OF THIS ROAD AS A NEW
OUTLET FROM THE WEST TO THE SEA mag
niles 1t into one OF national consequences. and ,n-
sures to 1t an extensive through trafc from the da
OF Its completion; WHILE In the deveopment of tho
extensive agricultural mineral resources or VII
ginia and West Virginia it possesses, along # own
business. 'O'"'
Thus the great interests, both general and ,oco,
which demand the completion OF the CUesApp.rr
AND OHIO RAILROAD to the ohio river afford tho
surest guarantee OF its success and value ana PEN
DER 1T THE MOST IMPORTANT AND sIBsTAN-
TlAL RAILROAD ENTERPRISE NOW IN pRo-
GRESS IN THIS COUNTRY.
lts 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
ana 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 NJ W.
ginia and West Virginia, INSURES AN ENER
GETlC, HONORABLE, AND SUCCESSFUL, MAN.
AGEMENT.
,Ghe Road is completed and in operation from
Richmond to the celebrated White Sulphur Sprinos
OF West Virginia, 227 miles, and there remain but o0o
miles (now partially constructed) to be completed
TO carry II 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.
nr In
Ohio and Kentucky to this point which will connect
the CHESAPEAKE AND OHIO WITH THE EN-
TIRE RAILROAD SYSTEMS OF THE WEST AND
SOUTHWEST, AND WITH THE PACIFIC Rail.
ROAD.
Its valuable franchises and superior advantapes
will place the CHEsAPEAKE AND OHIO RAuRo.n
COMPANY among the richest and most powerful
and trustworthy corporations Of the country: AND
THERE EXISTS PRESENT VALUE IN COM
rLETED 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
Vestors, and combine the various features OF conye-
Dience, safety and protection against loss or fraud
The Bonds are in denominations OF
$1,000, $500, and $IOO.
They will be Issued as Coupon Bonds payable 10
Bearer, and may be held in that form; or
The Bond may be registered in the name OF tbe
| owner, with the coupons remaining payable to
bearer attached, the principal being then transfer
| able 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 transfer.
| able only on the books OF the Company, and the
1 interest made payable only to the registered owner
| or his attorney.
The three classes will be known respectively as:-
First. "CoUPoN BONDS PAYABLE To
| BEARER"
Second. 'REGIsTERED BONDS WITH CoU-
| PONS ATTACHED"
Third. "REGIsTERED BONDS WITH COUPONS
| DETACHED" and should be 80 designated by Cor
respondents in specifying the class Of Bonds desired
| They have THIRTY YEARS to run from January
l5, 1870, with interest at six per cent per annum
| fIom November /, 1862 PRINCIPAL AND INTEREST
| PAYABLE IN GOLD IN THE CITY OF NEW YORK.
The interest is payable IN MAY and NOVEMBER,
| that it may take the place OF that of the earlier
issues OF FveTwentes, 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 making additional in
Vestments to have their interest receivable dil
| ferent seasons of theyear
| The Loan is secured by mortgage upon the entire
| 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 AHNUM is PRO-
| vIDED FOR THE REDEMPTION OF THE BONDS, TO TAKE
| EFFECT ONE YEAR AFTER THE COMPLETION OF THE
| ROAD.
The mortgage is for s5 900 oOO OF which S. 600 900
will be reserved and held In trust for the redemp-
| ton OF outstanding Bonds Of the Vr5iaia Central
| Railroad Company, now merged in the CHEsAPEAKE
| AND OHIO.
or the remaining s1sOOO,OOo, 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 trafic.
The present price is 90 and accrued interest.
A Loan so amply secured, 80 carefully guarded,
and so certain hereafter to command prominent
place among the favorite securities in the markets,
both OF this country and Europe, will be at once
| appreciated and quickly absorbed.
Very respectfully,
FISK AZ HATCH, Bankers.
BONDS ON HAND AND FOR SALE BY