The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1870-03-21
OF THR
Chesapeake and Ohio Railroad Company

~--~~~ >S> NAS
rapidly-growing transportation between the ATTAIN
tic sea-board 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 NJ a new
outlet from the West to the sea magnifes it
into of national and insures to 1t 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
Westvirginia it possesses, along its own line the
elements Of a large and profitable local business.
Thus the great interests, both general and local
which demand the completion Of the CHEszpEAKE
AND ONO RAILROAD to the Ohio River afford the
surest guarantee OF its and value, and rem
der IL thc most Important and Substantial
this Country.
Its superiority as an East and West route and the
promise Of an imm.n.. 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 Vir-
ginia and West Virginia, insures am. energetic,
honorable, and successfal management.
The Road is completed and in operation from
Richmond to the celebrated White Sulphur Springs
of st-virginia, 227 miles, and there remain but
200 miles now partially constructed to be compile
ted to carry to the proposed terminus on the Ohio
river at, 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 systems Of the West nnd South
west. and with the Pacific Railrsad.
Will place the CHEsAPEAKE AxD ONO RAILROAD
trustworthy corporations Of the country; and
there exists q present value, In completed
read and work denc, 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 invest
ors and combine the various features OF
safety and protection against loss or fraud.
The Bonds are in 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
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 on the books of the Company unless re-assien-
ed to bearer; or
The coupons may be detached and cancelled, the
Bond made permanent Registered Bond transfer
able only on the books of thecompany land the inter-
est made payable only the registered owner or his
attorney.
Three classes will be known respectively as:
1st. "Coupon Bonds payable to
Bearer.o
2nd. "Regisiered Blonde with Coupons
nttached.o
Sd. "Regissescd Bends 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. 1scs Principal and Int, est 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 is
sues Of Five-Twenties, and suit the convenience or
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
vestmens to have their interest receivable at differ
emf seasons of the year.
The Loan is secured by mortgage upon the en-
%i-. '..-. .s tho ohio 1siyer,
with the equipment and all other property and ap-
purtenances connected Herewith.
Sinking Fund Of 100000 per a.num is pro-
vid dior the redemption Of the Bonds, to take effect
one year after the completion Of the road
The mortgage is for $15 900 ooo ofwhich So Oc0 900
will be reserved and held in trust for the redemp-
tion OF outstanding Bonds Of the Virginia Central
Railroad Company, now merged in the CuEsA-
PEAKE AND OHIO.
OF the remaining $4,000 900. a 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 aud accrued interest.
Loan so amply secured, 50 carefully lguarded
and 50 certain hereafter to command prominent
place among the avorite securities in the markets,
Doth OF this country and Europe, win be at once ap-
preciated and quickly absorbed.
Very respectfully,
FISK d. HATCH,
Bankers,
P. S.-Wa have issued pamphlets containing fui
particulars, statistical details, maps, etc, which viii
befurnishsd upon application.
Va Wei buy and sell Government Bonds, and re
ceivs the accounts OF Ban, Banker >, Corporation
anaothsrs, subject to CD eek at sight, and allow in
dali 49, Il