The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1870-03-04


ton the
FIRST MORTGAGE BONDS
Chesapeake aid Ohio Railroad Company.
The Chesapeake and Ohio Railroad connecting the
Atlantic coast and the magnificent harbors OF the
Chesapeake Bay with tho Ohio River at point Of re-
liable navigation, and thus, with the enthe Railroad
system nd water transportation of the great West
and Southwest. forms the additional East
md West Trunk Line, 50 imperatively de-
manded for the accommodation of the immense and
rapidly-growing transportation between the Allan
tic sea-bcard and Europe on the one hand, and the
great producing regions Of the OHIO and Mississippi
Valleys on the other.
The Importance Of this Read as u new
outlet from the West to the sea mapnifies it
into one of national and nsures to it an
extensive through traffic from the day OF its compile
tom while, in the development of the extensive ag
ricultural and mineral 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,
AND ONO RAILROAD to the Ohio River, afford the
surest guarantee OF its success and value and rem
der it the most Important and substantial
Railroad enterprise now in progress in
this Country.
Its superiority 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 yir-
ginia and west-vrgnia, insures nm energetic,
honorable, and successfal mana cement.
The Road is completed and in operation from
Richmond to the celebrated White Sulphur Springs
of West-Virsinia, 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 will connect
the Chesapeake and Ohio with the entire
Railroad sysaems Of the West and South
west. and with the Pacific Railroad.
Its valuable franchises and superior advantages
will place the CHEsAPEAKE AND OHIO RAILROAD
COMPANY among the richest and most powerful and
trustworthy corporations Of the country; and
there exists = present value, In completed
read and work done, equal 70 tho 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 yepence
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 bear
er attached the principal being then transferable
only the books of the Company unless re-assign-
ed to bearer; or
The coupons may be detached and cancelled, the
Bond made 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. "Coupon Bends payable to
Bearer"
2nd. s.Registered Bond. with Coupons
attached"
Sd. "Resisteted Bonds with Coupons
detached, - and should be SO designated by cor.
respondents 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. 1902 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
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 at differ
ent seasons of the year.
The Loan is secured by mortgage upon the en-
with the equipment and all other property and ap-
purtenances connected herewith
Il Sinking Fund Of 100000 per annum is pro-
vid dior the redemption Of the Bonds, to take effect
one year after the completion Of the road.
The mortgage is for $4,000 900, of which So 900
will be reserved and held in trust for the redemp-
ton OF outstanding Bonds Of the Virginia Central
Railroad Company, now merged in the CHEsA-
PEAKE AND OHIO.
OF the remaining $4,000, 600. 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.
A Loan 50 amply secured, so carefully guarded,
and so certain hereafter to command a prominent
place among the favorite securities in the markets,
both Of this country and Europe, will be at ap
preciated and quickly absorbed.
Very respectfully,
FISK &c HATCH,