The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1870-02-28

. or THR
Chesapeake and Ohio Railroad Co.


The Chesapeake and Ohio Railroad, connecting the
Atlantic coast and the magnificent harbors OF the
Chesapeake Bay with the Ohio River at a point OF
reliable navigation, and thus with the entire Rail
road system and water transportation OF the great
West and Southwest FORMS TIE ADDITIONAL
EAST AND WEST TRUNK LINE so imperativeiy
demanded for the accommodation 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 Mlsss-
sippi Valleys on the other
THE IMPORTANCE OF THIS ROAD AS A NEW
OUTLET FROM THE WEST TO THE SEA mag
nifes 1t into one OF national consequence, and In
sures 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 v-
ginia and West Virginia 1t possesses, along 1t 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 ohio river, afford the
surest guarantee of its aud value and REM
DER TT THE MOST MPoRTANT AND SUBSTAN-
TIAL RAILROAD ENTERPRISE NOW IN PRO-
GRESS IN THIS COUNTRY.
Its superiority as an East and West route, and tho
promise OF an immense and profitable trade await
ing its completion, have drawn to 1t the attention
and cooperation OF prominent Capitalists and Rail
road men OF this City, of sound judgment and known
integrity, whose connection with 1t, together with
that Of eminent citizens and business men OF vir-
| ginia and West Virginia, INSURES AN ENER-
| GETIC, HONORABLE, AND SUCCESSFUL MAN
| AGBMENT.
| The Road is completed and in operation from
| Richmond to the celebrated White Sulphur Springs
or West Virginia, 22T miles, and there remain but 200
| miles (now partially constructed) to be completed,
| to carry it to the proposed terminus the Ohio
river at or near the mouth OF the Big Sandy river,
100 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 WITH THE EN-
TIRE RAILROAD SYSTEMS OF THE WEST AND
SOUTHWEST, AND WITH THE PACIFIC RAIL-
ROAD.
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 PRESENT VALUE, IN COM
PLETED 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 OF all classes OF In
yestors, and combine the various features of
nence, 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 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
able only on the books OF the Company unless re-
assigned to bearer; or
The coupons may be detached and cancelled the
Bond made permanent Registered Bond, transfer
able only on the books of the Company and the
interest made payable only to the registered owner
or his attorney. .te-.F
The three classes will be known respectively as -
First. COUPON BONDS PAYABLE TO
BEARER."
Second "REaIsTERED BONDS WITH coU
M UuHA IN lIryN
Third. "REGIsTERED BONDS WITH COUPONS
DETACHED" and should be SO designated by Cor
respondents In specifying the class OF Bonds desired
b They have THIRTY YEARS to run from January
| 16 1870, with interest at six per cent per annum
from November 1, 1862 PRINCIPAL AND INTEREST
PAYABLE IN GOLD IN THE CITY OF NEW YORK.
, The interest is payable In MAY and NOV EMBER
that 1t may take the place OF that OF the earlier
issues OF Five-Twenties and suit the convenience o.
our friends who already hold Central aud Western
Pacific Bonds, with interest payable in January anC
July, and who may desire. in making additional In
vestments to have their interest receivable at diff
| | ferent seasons OF theyear.
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 ap
purtenances connected Herewith.
J. | A SINKING FUND OF 100000 PER ANNUM Is PRO
| VIDED FOR THE REDEMPTION OF THE BONDS TO TAXI
a EFFECT ONE YEAR AFTER THE COMPLETION OF TIL
}. ROAD.
The mortgage is for l5OOU,UOO OF which o. OOO, ,OO
will be reserved and held In trust for the redemp
l ton OF outstanding Bonds OF the Virginia Contra
Railroad Company, now merged in the CHEsAPEAKI
AND OHIO.
or the remaining s19,0OO,OOO, sufficient amoun
will be sold to complete the road to the Ohio river
perfect and improve the portion now in operation
and thoroughly equip the whole for large ant
active traffic
The present price is 90 and accrued interest.
A Loan so amply secured, so carefully guarded
. and so certain hereafter to command promnen
place among the fayorite securities In the markets
both OF this country and Europe, will be at onc'
appreciated and quickly absorbed
Very respectfully,
FISK ~ HATCH, Bankers.
BONDS ON HAND AND FOR SALE By