Litchfield enquirer., 1870-04-14
Office of FISK & HATCH. BANKERS AND DEALERS IN GOVERN
 MBN1 SECURITIES.
] No. $ aNAssA U srnnsr. NEw YoRx.l


 form of investment, -yeilding-a more liberal income than can hereafter be derived from Government Bonds, and available to take their place. 2I ~a eT >2es IA
 Assured that, in the selection and negotia- tion of superior Railroad Loans, we are meet ing great public want, and rendering val- uable service-both to the holders of Ga pital and to those great National works of internal improvement whose intrinsic merit and sub- stantial character entitle them to the use of Capital and the confidence of investors-we now offer with special confidence and satisfac- tion the
 FIRST MORTGAGE BONDS }1. Chesapeake and Ohio Railroad Company.
 Phe Chesapeake and Ohio Railroad connects the Atlantic coast and the magnificent harbors of the Chesapeake Bay with the Ohio River at point of reliable navigation, and thus, with the entire Railroad system and wa- ter transportation of the great west and south west, forms the additional east and west trunk line, so imperatively demanded for the accom- notation of the immense and rapidly growing transportation between the Atlantic seaboard and Europe on the one hand, and the great producing regions of the Ohio and Mississippi Valleys on. the other. @ <@
 The importance of this road as new outlet from the West to the sea ma gniGes into one of national consequence, and insures to 1t an extensive through traffic from the day of it's completion while in the development of the extensive agricultural and mineral resources of Virginia and West Virginia, it possesses. and profitable local business.
 Thus the great interests, both general and local, which demand the completion of the Chesapeake and Ohio Railroad to the Ohio River, afford the surest guarantee of its success and value, and render il the most important and substantial Rail- road enterprise now In progress in this Coln- try.
 It's superiority as an East and West route, and the promise of an Immense and profitable trade awaiting it's completion, have drawn to it the attention and cooperation of prominent Capitalists and Railroad men of this city of sound judgment and known integrity, whose connection with it, together with that of emil nents citizens and business men of Vir- ginia and West Virginia, insures an en- ergetic, honorable, and successful management.
 The Road is completed and in operation from Richmond to the celebr ated White Sul- phur Springs of West Virginia, 227 miles, and there remain but 200 miles (now partially constructed) to be completed, to carry it to the proposed terminus on the Ohio river at, or near, the mouth of the Big Sandy River, 15O miles above Cincinnati; and $50 miles below Pittsburg
 Lines are now projected or in progress through Ohio and Kentucky to this point, which will connect the Chesapeake and Ohio Railroad systems of the West and Southwest, with the Pacific Railroad.
 Its valuable franchises and superior advan- tages will place the Chesapeake and Ohio Railroad Company among the richest and most powerful and trustworthy corporations of the country; and there exists present val ue, in completed road and work done, equal to the entire amount of the mortgage.
 The details of the Loan have been arranged with special reference to the wants ofali class. es of investors, and combine the various fea- lures of convenience, safety, and protection against loss or fraud.
 The Bonds are in denominations of 5000, $500, and Sl00.
 They will be issued as Coupon Bonds, paya- ble 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 paya. ble to bearer attached, the principal being then transferable only on the Company books, unless re assigned to bearer; or The Coupons may be detached and cancelled the bond may be a 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: 1st. "Coupon Bonds payable to Bearer.'' 2d. Registered Bonds with Coupons attach ed" II Sd. Registered Bonds with Coupons de- tached.'' 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 an- nun from Nov. l, 1862 Principal and interest payable in gold in the city of New York. The interest is payable in May and Novem- ter, that it may take the place of that of the earlier issues of Five-twenties, and suit the convenience of our friends who already hold Central and Western Pacific Bonds, with sn- terest payable in January and July, and who may desire, in making additional investments, to have their interest receivable at different seasons of the year.
 The Loan is secured by mortgage upon the entire line of Road from Richmond to the Ohio River, with the equipment and all other property and appurtenances connected there with.
 Sinking Fund of sl00, ,Oo0 per annum is provided for the redemption of the Bonds, to take effect one year after the completion of the Road.
 The mortgage is for s15, 100000. of which $2, GOO, 900 will be reserved and held in tr ust for the redemption of outstanding Bonds of the Virginia Central Railroad Company, now merged in the Chesapeake and Ohio. [ Of the remaining SIS 100000, sufficient amount will be sold to complete the road to the Ohio River, perfect and improve the portion now ill operation. and thoroughly