The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1870-02-26
First Mortgage Bonds
OF The
Chesapeake and Ohio Rail-
road Company.
OF THE

the Atlantic coast and the magulnceht haIU0io
of the Chesapeake Bay with the Ohio River ut a
point of reliable navigation, and thus with the
entire Railroad system and water transportation
OF the great West and Southwest, forms ihe
additional EasI md West Trunk Line,
40 imperatively demanded for the accommodation
of the immense and rapidly. growing Transports
ton between the Atlantic seaboard and Europe
on the one hand, and great producing regions Oh
the Ohio and Mississippi Valleys on the othef'
The importance Of this Rond rs n
new outlet from the West 10 the sea
uagn!fies it into one Of national consequence
and ipsures to it an extensive through traffic
from the day of its completioni while, In tne
development of TIE extensive agricultural ana
mineral resources OF Virginia and Wess Virginia,
il 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 OF the
CHEsAPEAKE AND OHIO RAILROAD to the ONO
River, afford the surest guarantee OF its success
and value, and render Nc the most impor-
rnut und substantial Rniiroud enter
prise now in progress in this Country.
Its superiority as an East and West route,
and the promise of an immense and proAtabie
| trade awaiting its completion. have drawn to II
tho attention and cooperation OF prominent
CAPITALISTS aud Railroad men of this City oil
sound Judgment and known integrity, whose
connection with it, together with that Of emf
nent citizens and business men of Virginia and
West Virginia, insures an euerget'c' non
orr bic and successful management
Tho 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 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 Cincin.
natl and $50 miles below Pittsburg.
Lines are now projected CT progress through
Ohio and Kentucky to this point, which will
connect the Chesapeake Md Ohio with
the entire Railroad systems of the West
aud Southwest, and with the Pacific
Railroad.
It's valuable franchises and superior advan
tages will place the CHESAPEAKE AID ONO
RAILROAD COMPANY among the richest and most
powerful and trustworthy corporations of the
country; AND THERE EXISTS A PRESENT
VALUE, IN CoMPLkTED ROAD AND
WORK DONE, EQUAL TO THE ENTIRE
AMOUNT OF THE MORTGAGE.
The details of tho 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 Bends are in denominations Of
$1,000, $500 and 800.
They will be issued rs Coupon Bonds, payable
10 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,
the Bend made q permanent Registered Bond,
transferable only on the books Of the Company,
and the interest made payable only to the reg.
istered owner or his attorney.
The three classes will be known respectively
as:
list. "Ceupon Bonds payable TO
Bearer"
I'd. "Regisiered Bonds with Coupons
atfaehed.n
Sd. "Registered Bonds with Coupons
detaehed," and 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 I, 1869. PRINCIPAL
AND INTEREST PAYABLE IL GOLD N The CITY sF
SEw.IeRK.
The interest is payable in MAY and NovEMBER.
that 1t may take the place Of the earlier issues
of Fi,e-Twenties, and suit the convenience Of
our friends who already hold Central and West |
ern Pacific Bonds, with interest payable in Jan. |
uary and July, and who may desire in making |
additional investments, to have their interest |
receivable NJ different seasons of the year.
The Loan il secured by mortgage upon the |
entire Line of the Road from Richmond to the |
Ohio River. with the equipment and all other |
property and appurtenances connected there
with.
SINKING FUND OF 100000 PER ASNUM Is |
PROVIDED FOR THE RTDEMPTIoS OF The BONDS, |
~ lane ErrhII ONh ibAh Al hA Inn NOLA ~ |
ZION OF THE ROAD.
The mortgage is for SIS, oooO, of which
900 COCO win be reserved and held in trust for
the redemption of outstanding Bonds Of the
Virginia Central Railrodd Company, now merged
in the CHEsAPEAkE AND oHIs.
OF the remaining sI3,Ooo,oOO, a sufficient
amount will be sola to complete the road 10 the
Ohio river, perfect and improve the portion now
in operation, and thoroughly equip tie whole
for a large and active traffic.
The present price Is 90 and accrued interest.
A Loan so amply secured, so carefully guard.
ed and so certain hereafter to command prom
inent place among the favorite securities in the
markets, both of this Country and Europe, win
be at once appreciated and quickly absorbed.
Very respectfully,
FISK a. HATCH,
Bankers.