The Portland daily press., 1870-04-02

vantageous form Of investment, yielding more lib
eral income than can hereafter be derived from
Government Bonds, and available to take their
place.
Assured that, in the selection and negotiation o.
superior Railroad Loans, we are meeting a great
public want, and rendering a valuable service
both to the holders of Capital and to those great
National works of internal improvement whose in
trnsic merit and substantial character entite them
to the use of Capital and the confidence CT investors
we now offer with special confidence and satsfsc.
ton the
FIRST MORTGAGE BONDS
Ohe,speaks aud Ohio Railroad Company.
The Chesapeake and Ohio Railroad, connecting the
Atlantic coast and the magnificent harbors OF
Chesapeake Bay with the Ohio River at point OF re-
liable navigation and thus, with the entire Railroad
system nd water transportation of the great West
aud Southwest, forms she additional Eas,
and West Trunk Line. SO imperatively de-
manded tor the accommodation of the immense and
rapidly-growing transportation between the Allan
tic sea-bcard aud Europe on the one hand, and the
great producing regions of the Ohio and Mississippi
Valleys ON the other
outlet from the West to the sea maeniies it
into Of national and insures to it an
extensive through traffic from the dav OF its compile
ton; while in the development Of the extensive az.
ricnltural and mineral resources of Virginia and
westvirginia, it 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 CnEslPEAKE
AND ONO R1LRoAD to the Ohio River, afford the
surest guarantee OF its success and value and rem
der IL the most Important and Substantial
Railroad enterprise now In progress In
this Country.
Its superiority as an 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 Viz
ginia and West Virginia, insnres an energetic,
honorable, and saceessfal mans cement.
The Road is completed and in operation from
Richmond to the celebrated White Sulphur Springs
Of Virginia, 227 miles, and there remain but
200 miles (now partially constructedl 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. b..
Lines are now projected or In progress through
Ohio and Kentucky to this point, which will connect
the Chesapeake and Ohfe y iih the entire
Railroad syssems Of the Wess and South
west. and with the Paeiac Railrsas. -
Its valuable franchises and superior advantages
will place the CHfsArEAKz AND ou1o RAILROAD
COMPANY among the richest and most powerful and
trustworthy corporations Of the country; and
there exists . present value, In cemple,ed
read and work done, equal % she 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 convenience
safety and protection against loss or fraud
The Bonds are in denominations OF
$1,000, $500, and 800.
They will be issued as COUPON BoxDs, 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, unle.s reassian-
ed to bearer; or G
The coupons may be detached and cancelled, the
Bond made permanent Registered Bond, transfer
able only on the books Of theCompany and the inter-
est made payable only the registered owner or his
attorney.
Three classes will be known respectively as:
1st. "Ceupsn Bends payable -
Bearer.,
E2nd. s.Resisierea Bsnds with Coupons
attached"
Sd. "Registetea Bends with Coupons
deiached," 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 !, 1899, Principal and 1nte est payable In
GOLD in the City Of NeU 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 OF
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-
tire line Of road from Richmond to the Ohio River,
with the equipment and all other property and APP
purtenances connected Herewith.
Sinking Esnd Of 100000 per annum 10 pro-
cid dior the redemption Of III: Bonds to take effect
one year after the completion Of the road.
The mortgage is for SIS 900 .ooo Of which
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, 900. sufficient amount
will be sold to complete the road to the Ohio river