The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1870-03-08
SUCCESSFUL MANAGEMENT.

The road IL completed and In operation from
Richmond 10 the celebrated White Sulphur Springs
of West Virginia, e27 miles. and there remain BIT
goo miles NOW partially constructed) TO be COM
pletcd TO carry to tho proposed terminus on the
Ohio river at or near the mouth OF the Big Sandy
river $50 miles above Cincinnati, and $50 miles
below Pittshurg.
Lines arc now projected or In progress through
Ohio and Kentucky to this point which VIII con-
meet the Chesapeake and Ohio with the entire rail-
road systems of the Vest and Southwest. and with
the pacN. railroad.
Its valuable franchises and superior advantages
viii place the CHESAPEAKE AND QUO
RAILROAD COMPANY among the richest and
most powerful ana trustworthy corporations OF
the country: and there exists present value, in
omplrted road and work done, equal to the entire
amount Of tie mortgage.
The details Of the loan have been arranged With
special reference to the wants Of all classes OF In
ycslors, aud combine the various features of con-
ycuicuce, safety. and protection against loss or
fraud.
The Bonds arc III denominations OF
$1,000, $500, and 500.
They Will be issued as Coupon Bonds. payable
to bearer, and may be held in that form ; or
Tho Bond may be registered In the nsme OF the
owner with tho coupons remaln ming payable TO
bearer attached the principal being then transfer
able only or the book Of tho company, unless re-
assigned to bearer; or
The Coupons may be detached and cancelled. the
Bond made permanent Registered Bond, trans
ferabe only Oh 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 ::
Ist. Coupon Bonds payable to bearer
20. Unregistered Bonds with Coupons attached"
%. "Registered Bonds with Coupons detach-
ed" should be so designated by correspondents In
specifying the class Of Bonds desired.
They have thirty years to run from January Is,
1870 with Interest at six per cent. per annum from
November l, 1869. Principal and interest paya-
BILE in gold In the city of New York.
The interest l. payable In May and November
that 1t may take the place OF that OF the earlier
issues of Five-Twenties, and suit the convenience
Of our friends Hho already hold Central and West
ern Pacific bonds, with interest payable in Janu-
AIRY mud July, and who may desire, in making ad-
ditional investments, 10 have their Interest re-
ceivable at different seasons or the year.
The loan Is secured by mortgage upon the en-
tire line OF road from Richmond to the Ohio river,
with the equipment aud all other property and
oppurtenances connected Herewith.
sinking fund OF 800, coo 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 SIS, oo,oeo, or which 81, Geo.,
600 will be reserved and held In trust for the re-
temption OF outstanding bonds Of The Virginia
Chesapeake and Ohio.
OF the remaining 3l3, ooe 900, sufficient amount
will be sold to complete the road to the Ohio river
perfect aud improve the portion now fu operation,
and thoroughly equip the whole for n large and
active traffic.
The present price Is 90 and accrued interest.
A loan 50 amply secured so carefully guarded
| and so certain hereafter to command prominent
place among the fayorlte securities in the mar
| kets, both OF this country and Europe, VIII be al
| once appreciated and quickly absorbed.
veryrespectfully,
FISK & HATCH, Bankers.
P. s.-We haye issued pamphlets containing
full particulars, statistical details, msps, ETC..
which viii be furnished upon application.
webuy and sell Government Bonds, and receive
the Accounts OF Banks, Bankers, Corporations
and others, subject to check at sight and allow Ia
terest on daily balances.
| DAVENPORT L CO., stock Brokers,
no. lloi Main street, Richmond,