The Portland daily press., 1870-04-20

to the of Capital and the confidence OF investors
we now offer with special confidence and sat'sfac
ton the
FIRST MORTGAGE BONDS
Chesapeake and 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 end water transportation of the great West
and Southwest, FERNS she additional East
and West Trunk Line. SO imperatively de-
manded for the accommod ation of the immense and
rapidly growing transportation between the Allan
ticsea-bcard and Europe Cd the one hand, and the
Valleys on the other.
The impo rtance Of this Road ms a new
outlet from tho West To the sen magnifes it
into of national and insures to it an
extensive through traffic from the day OF its compile
ton; while, in the development Of the extensive ag-
ricultural and mineral resources of Virginia and
West-vrginia, 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 CHESAPEAKE
AND ONO RAILROAD to the Ohio River, afford the
surest guarantee OF its and value, and rem
der II the most important andI 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 vir-
honorable, and Successful management.
The Road is completed and in operation from
Richmond to the celebrated White Sulphur Springs
of West-virsina, 227 miles, and there remain but
200 miles (now partially constructed) to be compile
ted to carry it to the proposed terminus the Ohio
river at or near, the mouth OF the Big Sandy river,
$50 miles above Cincinnati $50 miles below Pitts
burg.
Lines are now projected or in progress through
Ohio and Kentucky to this point, which will connect
the Chesapeake and Ohio with the entire
Railroad systems Of the West and South
west. and with the Pacific Railroad.
Its valuable franchises and superior advantages
Will place the GHEsAPEAKE AND OHIO RAILROAD
COMPANY among the richest and most powerful and
trustworthy corporations Of the country; and
there exists = present value, In completed
read and work done, equul 10 the entire
amount of she mortgage.
RThe details OF the Loan have been arranged with
special reference to the wants of all classes OF invest
~~ss "AN eAO Cd VI COuVcucuC0
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 tc
Bearer. andmay 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 the books of the Company unless re-assign-
ed to bearer; or
The coupons may be detached and cancelled, the
Bond made permanent Registered Bond, transfer
able only the books Of theCompany and the inter-
est made payable only to the registered owner or,his
attorney.
Three classes will DO known respectively as:
list. "Ceupon Bonds payable t.
Bearer.o
Snd. s'Resissercd Bends with Coupons
attached"
Sd. ssRegisteted Bends with Coupons
detached >, and should be so designated by cor
respond 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 l. 1ses Principal and Int, est payable in
GOLD in the city Of New York.
The interest is payable in MAY and NOVEMBER,
that 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
vestmens, to have their interest receivable at differ
ent seasons of the year.
tire line of road from Richmond to the Ohio Ryer,
with the equipment and all other property and ap-
purtenances connected Herewith.
A Sinking Fund Of 100000 per annam is pro-
cid flor the redemption Of the Bonds, to take effect
one year after the completion Of the road.
The mortgage is for 900, of which So 100000
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
perfect and improv, the portion now in operation,
and thoroughly equip the whole for large and ac-
tive traffic.
The present price is 90 and accrued interest.