The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1870-04-13
SUCCESSFUL MANAGEMENT.

The 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 COM
petcd 10 carry 1t to the proposed terminus on the
Ohio river 1T 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 will con-
meet the Chesapeake and Ohio with the entire rail-
road systems of the West aud Southwest, 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 "a present value In
completed road and work done, equal to the entire
amount of TIE mortgage.
The details Of the loan have been arranged with
special re ference to the wants Of all classes Of in
yesiors and combine the various features of con-
ven;cnce, 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 he held In that form or
The Bond may bs registered in the name Of the
owner, With the coupons remaining payable 70
bearer attached the principal being then transfer.
able only on the books Of the company. unless re-
assigned to bearer or
The Coupons may be detached and cancelled, the
Bond made q permanent Registered Bond. trans
ferable only on 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 rs
1st. coupon Bonds payable to bearer"
Cd. Unregistered Bonds with Coupons attached
Cd. 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 ut six per cent. per annum from
| BILE in gold In the city Of New York.
The interest is payable in May and November
that 1t may take the place Of that of.the earlier
issues of Fiye-Twentes, and suit the convenience
OF our friends who already hold Central aud West.
ern Pacific bonds, with interest payable In Janu.
AIRY and July, and who may desire, in making id
ditIonal investments, to have their interest re-
ceiyible at different seasons Of the year.
| The loan Is secured by q mortgage upon tho en-
tire line OF road from Richmond to the Ohio river
with the equipment and all other property ant
appurtenances connected herewith.
A sinking fund of $loo, 600 per annum Is provided
for the redemption Of the bonds, to take effect on
year after the completion OF the road.
The mortgage Is for SIS COO GOO, OF which o. eco,
900 will be reserved and held in trust for there
Central Railroad Company. now merged In tn
Chesapeake and Ohio.
Ofthe rem aiming sls, ooo, 900, a sufficient amour
will BIO sold to complete the road to the Ohio river
perfect and improve the portion now in operation
and thoroughly equip the whole for largo an,
active traffic.
The present price Is 80 and accrued interest
| A loan SO amply secured, so carefully guarded
and so certain hereafter to command promineu
place among the isvorite securities in the mar
kets both Of this country aud Europe. will be a
once appreciated and quickly absorbed.
veryrespsctfu!ly,
j FISK s. HATCH, Bankers.
4 P. s.-We have issued pamphlets containin
full particulars. statistical details, maps, etc
which will BIO furnished upon application.
we buy and sell Government b onds, and rcceiv
tho Accounts OF Banks, Bankers, Corporation.
and Others subject to check at sight and allow In
tarsst on daily balances.
/ DAVENPORT s. CO., Stock Brokers
No. llo& Main street, and
/ r. II. MAuRY, No. 1915 Main street,
Rsshnoae Aseass Tor sale OF
Z. nss.sAWM 2asaa y Virginia