Bedford inquirer. [volume] (Bedford, Pa.) 1857-1884, 1870-03-18
FIRST MORTGAGE BONDS

FIRST MORTGAGE BONDS
or THE
Chesapeake and Ohio Railroad Company.
The Chesapeake anA Ohio Railroad, connecting
the Atlantic coast and the magnificent harbOrs
of the Chesapeake Bay with the Ohio River at
point of reliable navigation, and thus, with the
entire Railroa system and water transportation
Of the great West and Southwest, FORMS THE
ADDITIONAL EAST AND WEST TRUNK
LINES, so imperatively demanded for the &C
eommodation Of the immense and rapidly grow
ing transportation between the Atlantic seaboard
and Europe on the one hand, and the great pro-
ducing regions of the Ohio and Mississippi Val
leys on the other.
THE IMPORTANCE OF THIS ROAD AS
A NEW OUTLET FROM THE WEST TO THE
SEA magniaes it into one Of national consequence,
and insures to it an extensive through traffic
from the day Of its completion; while, in the de-
velopment the extensive agricultural and min
eraI resources of Virginia and West Virginia, 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 If the CHESAPEAKE
AND OHIo RAILROAD to the Ohio River, afford
the surest guarantee of its success and value and
RENDER IT THE MOST IMPORTANT AND
SUBSTANTIAL RAILROAD ENTERPRISE
NOW IN PROGRESS IN THIS COUNTRY.
It's superiority as an East and West route, and
the promise of an immense and profitable trade
awaiting it's completion, have drawn to it the
attention and cooperation of prominent Capital
lists and Railroad men of this City of sound judg
ment and known integrity, whose connection with
il, together with that of eminent citizens and bus
mess men of Virginia and West Virginia, IN.
SURE, AN ENERGETIC, HONORABLE 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 eonstructed)
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 cincin-
natl, and $50 miles below Pittsburgh.
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 RAILROAD SYSTEMS OF
THE WEST AND SOUTHWEST, AND WITH
THE PACIFIC RAILROAD.
It's valuable franchises and superior advanta-
ges win place the CHEsAPEAKE AsD ONO RAIL
RoAD 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 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, 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 trans
ferable only on the books of the Company, unless
re-assigned to bearer; or
! The coupons may be detached and cancelled,
/ P.o5syrrad RouR-
transferable only on the books of the Company,
and ths interest made payable only to the regis
tered owner or his attorney.
| The three classes will be known respectively as
Ist. COUPON BONDS PAYABLE TO
BEARER"
2nd. "REGIsTERED BONDS WITH coU-
PoNs ATTACHED"
3rd. REGISTERED BONDS WITH CoU-
PoNs DETACHED and should be SO designa-
ted by Correspondents in specifying the class Of
Bonds desired.
They have THIRTY YEARS to run from jan
nary Is. 1870, with interest at siA per cent per
annum from November 1, 1879, 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 the earlier issues 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 making addi-
tionaI Investments, to have their interest receva-
BILE at different seasons Of the year.
The Loan is secured by mortgage upon the
entire Line Of Road from Rich nOnd to the Ohio
River, with the equipment and all other property
and appurtenances connected Herewith.
| A SINKING FUND OF 100000 PER AN
MUM Is PROVIDED FOR THE REDEMP
TIoN OF THE BONDS, TO TAKE EFFECT
ONE YEAR AFTER THE COMPLETION OIL
THE ROAD.
The mortgage is for $I5,Ooo,OOo of which 81,
900 900 will be reserved and held in trust for tn
redemption Of outstanding Bonds of the Viryini'
Central Railroad Company, now merged in tn
CHESAPEAKE ASD ONO.
OF the remaining $l3,OoO,O0O, sufacien
amount will be sold to complete the road to tn
Ohio river, perfect and improve the portion nov
in operation, and thoroughly equip the whole 70
|. large and active traffic.
The present price is 90 and accrued interest
Loan so amply secured, so carefully guarded
and so certain hereafter to command prominen
: place among the favorite securities in the mai
kets, both of this Country and Europe, will be :
once appreciated and quickly absorbed
Very respectfully,
f FISK & HATCH,
a Bankers.
Ps-ws have issued pamphlets containin
full particulars, statistical details, maps OF