The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1870-02-25
First Mortgage Bonds
Chesapeake and Ohio Rail-
road Company.

of the Chesapeake Bay With the Ohio River at a
point of reliable navig cation, and thus, with the
entire Railroad system and water transportation
OF the great West and Southwest forms the
additional East and West Trunk Line,
so imperatively demanded for the accommodation
of the immense and rapidly. growinZ transporta
ton between the Atlantic seaboard and Europe
on the one hand and great producing regions OF
the Ohio and Mississippi Valleys on the other
The importance of this Road ms n
new outlet from the West TO the sea
ua IL ifiss IL into one Of national consequence
and insures to it an extensive through trahc
from the day Of it's completion while in the
development Of tie extensive agricultural and
mineral resources OF Virginia and West Virginia,
it POSSESSES along its own line, the elements OF
a lar 20 and profitable local business.
Thus the great interests, both general and
local, which demand tie completion OF the
CHEsAPEAKE AND OHIO RAILROAD 10 the Ohio
River, afford the est gufSAntee Of lite success
and value, and render It the most impor-
tunt and substautial Railroad enter
prise now in progress in this County.
It's superiority as an East and West route,
and the promise OF an immense and profitable
trade awaiting its completion have 'drawn to it
the attention and cooperation Of promint mt
Capitalists aud Railroad men of this City OF
sound judgment and known integrity, whose
connection with it, together with that oil emil
nent citizens and business men Of Virginia and
West Virginia, iusures an energetic, hon
orubIe md successfal management.
Tie Road is completed and in operation from
Richmond TO the celebrated White Sulphur
Springs Of West Virgisia, 2=7 miles, and there
remain but 300 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 Cinciu.
natl, and $50 miles below PittsbuTg
Lines are now projected or progress through
Ohio and Kentucky TO this point, which will
connect the Chesapeake and Ohio with
the entire Railroad systems Of the West
and southwest, and with the Pacific
Railroad.
Its valuable franchises and superior advan'
tages will place the CHRsAFEAKE AND CHIC
RAILROAD COMPANY among the richest and most
pDWOElul IIubl"OElug pOIdtloho VI buO
country; AND THERE EXISTS A PRESENT
VALUE, IN COMPLETED ROAD AND
WORK DONE, EQUAL TO TIE ENTIRE
AMOUNT OF THE MORTGAGE.
The details of the 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 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 tho 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 Bond made a permanent Registered Bond
transferable only on the books of tine Company
and the interest made payable only % tic reg
istered owner or his attorney.
The three classes will be known respectively
as:
1sI. Coupon Bonds payable to
Bearer
I'd. "Rcgistered q onds with Coupons
attached"
Sd. Registered Il Bonds with Coupons
deinched," and should be 20 designated by
Correspondents in specifying the class of Bonds
desired
They have THIRTY YEARS TO run from
January 15 1i7O, with interest at six per cent
per annum from November /, 1862. PalScIPAL
AND INTEREST PAYABLE Is GOLD IN The CITY sF
NRwIeRK.
The interest is payable in MAY and NOVEMBER
that it may take the place of the earlier issues
Of Fiye.Twenties, and suit the convenience OF
our friends who already hold Central and West |
ern Pacific Bonds, with interest payable in Jan.
nary and July, and who may desire in making |
additional investments, to have their interest
receivable at different seasons Of the year.
Tho Loan is secured by mortgage upon the |
entire Line Of the Road from Richmend to the |
Ohio River, with the equipment and all other
property and sPpurtenances connected there |
with.
A SINKISs FUND OF $4,000 PEE ASSUN Is |
PROVIDED FOR THE RI DKNPrIoN OF IHE b NDs. |
TON OF rae ROAD.
The mortgage is for sI5,OOO,OCO, of which |
s. OUV COCO will be reserved and held in trust for
the redemption of outstanding Bonds of the |
Virginia Central Railroad Company, now merged
in TIE CHESAPEAKE AND OHIO.
or the remaining 100000, . sufficient
amount viii be s,lA to complete the road to the
Ohio river perfect and improve the portion now |
in operation, and thoroughly equip the whole
for large and active traffic.
The present price is 80 and accrued interest
A Loan so amply secured, go carefully turd-
ed, and so certain hereafter to command prom
inent place among the tavoute securities in the
markets, both of this Country and Europe, viii
be At once appreciated and quickly absorbed.
Very respectfully,
FISK d. HATCH,