Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1870-03-10

flhST mORT6AGE BONDS Ot TILE CHES-
APEAKE 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 a
point of reliable navigation, and thus, with the
entire Railroad system and water trans 1ortation
Of the great West and Southwest, FORMS THE
ADDITIONAL EAST AND WEST TRUNK
LINE, SO imperatively demanded for the accom-
mediation Of the immense and rspidly-growing
transportation between the Atlantic seaboari
and Europe on the one hand, and the great pro-
ducing regions OF the Ohio and Mississippi Val
leys on they other.
The importance OF this Road as a new outlet
from the West 20 the sea magnifes it into one Of
national consequence, and insures to If an extern
sive through traffic from the day of its comple-
ton; while, in the development OF the extszsive
agricultural and mineral resources of Virgins
and West-Virginia, it possesses, along its own
line, the elements of a large and profitable local
business.
Thus the great interests, both general and To-
cal, which demand the completion of the Chesa-
peake and Ohio Railroad to the Ohio River, at
ford the surest guarantee Of its success and value
and render it the most important and substantial
Railroad enterprise now in progress In this cour-
try
Its superiority as an East and West route, ana
the promise Of immense and profitable trade
awaiting its completion, have drawn TO it the at
tention and cooperation Of prominent Capitalists
ana Railroad men of this City of sound judg-
ment and known integrity, whose connection
with it, together with that of eminent citizens
aud business men of Virginia and West-virginia
insures an energetic, honorable, and successful
management.
The Road s completed and in operation from
Richmond to the celebrated White Sulphur
Springs of westVrginis, 227 miles, and there
remain but 200 miles now partially constructed
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 Cincinnati,
and $50 miles below Pittsburg.
Lines are now projected or in progress through
Ohio and Kentucky to this point, which viii con-
meet the Chesapeake and Ohio with the entire
Railroad systems of the West and Southwest,
and with the Pacific Railroad.
Its valuable franchises and superior advanta-
ges 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 ar angad
with special reference to the wants of a. classes
of investors, and combine the various estures ot
convenience, safety, and protection AGAINST los.
or fraud.
The Bonds are in denominati0 Is of
$1,000, $500 ar I'd 500.
They will be issued as CT upon Bonds, payable
to Bearer, and may be he i'd in that form; or
The Bond may be re- ,istered in the name OF the
owner WITH the couJ IONS remaining payable to
bearer attached, the principal being then trans
ferspIe only on the b ooks Of the Company. unless
re-assigned to beare, or
The coupons may be detached and cancelled
the Bond made 8 permanent Registered Bond,
transferable only OF the books of the COMPANY
and the interest made payable only to the regis
tered owner or his attorney.
The thee classes viii be known respectively as:
Isl. Coupon Boz DIS payable to bearer"
I'd. Registered Bon d. with Coupons attached"
Sd. Registered Bonds with Coupons detaehsdg
and should be so designated by Correspondents u
specifying the class OF Be Inds desired.
They have Thirty y, ars to run from January
10, 1870" with interest at six per cent per annum
from November /, 1869. PRINCIPAL and interest
payable in Gold in the city of New York.
she interest rs payable in May and November,
th TT IL may take the place of that of the earlier
lssairs 81 tlvs-fwenties, and suit the conyenienes
OF our friends who already hold Central and
Western Pacific Bonds, with interest psyabIe in
and July, and who may desire. in max
ins addilonsl investments, TO have their interest
re''eivahl@ at different seasons Of the wear.
The Loan is secured by a mortgage upon the
entire Line of Road from Ricbmond to ,b. obio
hIFer, with the equipment and all other property
and appurtenances connected Herewith.
Sinking Fund of sIo0, 200 per annum is pro
vided for the redemption Of the Bonds, 70 take
effect one year after the completion of the Road
The mortgage is for 81, Ooo. 900, of which a.
ooo,ooo VIII be reserved and held in trust Tor the
redemption Of outstanding Bonds of the Virginia
central Railroad Company, now merged in the
Chesapeake and Ohio.
OF the remaining sls. Zoo, 900, q sufHcien
amount will be sold to complete the road 70 the
ohio river, perfect and improve the portion now
n operation, and thoroughly equip the whole for
! large and active traffic.
The present price is 90 and accrued interest.
A Loan so amply secured, so carefully guarded,
md go certain hereafter to command promi-
lent place among the favsrite securities in the
markets, both of this Country and Europe, viii
'e at once appreciated and quickly absorbed.
Very respectfully,
FISK q HATCH,
Bankers.
p. S.-We have issued pamphlets containing
mai ar 6o<a etcsf