Bedford inquirer. [volume] (Bedford, Pa.) 1857-1884, 1870-03-25
FIRST MORTGAGE BONDS

FIRST MORTGAGE BONDS
OF TaE
Chesapeake and Ohio Railroad Company
The Chesapeake an Ohio Railroad, connecting
the Atlantic coast and the magnificent harbors
Of the Chesapeake Bay With the Ohio River at a
poias u reliable navigation, and thus, with tbs
oitiro Bailroa system and water transportation
ofthe great Yves, aud Southwest, Forms THE
ADDITIONAL EAST AND WEST TRUNK
LINES, SC imperatiyely demanded for the ac
conmodation Of the immense and rapidly grow
i,g transportation between the Atlantic ssaboard
aui Europe on the one hand and the great pro
duciDs regions Of the Ohio and Mississippi Val
leys on the other.
THE IMPORTANCE OF THIS ROAD As
NEW OUTLET FROM THE WEST TO THE
SEA magniaes it into one ofnational consequence.
and insares to it au extensive through traffic
from the day Of its completion; while, in the de-
voiopmeut ofthe extensive agricultural and min
eral resources Of Virginia and West-virginia, it
possesses, along its own line, the elements of a
large and profitable local business.
Thus th.. great interests, both general and local,
which demand the completion If the CHESAPEAKE
AND oalo RAILROAD to the Ohio River. afford
the surest guarantee of its success and value, and
RENDER IT THE MOST IMPORTANT AND
SUBSTANTIAL RAILROAD ENTERPRISE
NOW IN PROGRESS IN THIS COUNTRY.
Its superiority a. an East and West route. and
the promise Of an ,==ense and profitable trade
awaiting its completion, have drawn to it the
attention and cooperation Of prominent Capital
lists and Rsilroaa men of this City of souud judg
ment and known integrity, whose connection with
it, together with that of eminent citizens and bus
ioess men of Virginia and West Virginia, IN
SURE, AN ENERGETIC, HONORABLE and
SUCCESSFUL MANAGEMENT
The Road Is completed and in operation from
Richmond to the celebrated White suiphur
Springs of West Virginia, 227 miles, and there
remain out geo miles now partially eonstructed)
to be completed, to carry it to the proposed ter
u,,uus on the Ohio river. at, or near the mouth
cfthe Big Sandy river, $50 miles above Cincin-
nat, aud $50 miles below Pittsburgh
Lines are now projected or in progress through
Ohio and Kentucky to this point, which will con
meet the CHESAPEAKE AND OHIO WITH
THE ENTIRE RAILROAD SYSTEMS OF
THE WEST AND SOUTHWEST, AND WITH
THE PACIFIC RAILROAD.
It's valuable franchises and superior advanta-
ges viii place the CHESAPEAKE AND ONO Ran
Roam CoHPANr among the richest and most
powerful and trustworthy corporations Of the
country; AND THERE EXISTS A PRESENT
VALUE, 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 of al classe.
Of investors, and combine the various features Of
convenience, safety, and protection against loss
or fraud.
The Bonds are in denominations of
5000, $500, and 500.
They will be issued as Corpoa Bopds, poyable
70 Bearer, and may be held in that form; or
The Bond may be registers.i in the name ofthe
owner with the coupons remaining payable to
bearer, attached, the principal being then trans
fersbie only on the books Of the Company, ualsss
re-assigned to bearer or
The coupons may be detached and cancelled.
The Bond made permanent Regi-tered Bond
transferable only on the books Of the Company.
a the interest made payable only to the regis
tered owner or his attorney.
The three classes viii be known respectively as
Isl. COUPON BONDS PAYABLE TO
BEARER"
2md. aREGIsTERED BONDS WITH COT
P0ys ATTACHED"
3rd. REGISTERED BONDS WITH C0U-
P0Ns DETACHED" and should be 50 desirna-
ted by Correspondents ia specifying the class Of
Bonds desired.
They have THIRTY YEARS to run from Jan
uary 5, 1870, With iuteres; at siA Der cent ber
annum from November f. 1879, PRINCIPAL and
INTEREST PAYABLE IN GOLD IN THE
CITY OF NEW YORK.
The interest is payable in May and November.
that it may take the place Of the earlier issues Of
Five-Twenties, and suit the convenieuce Of our
friends who already bold Central AMI Western
Pacific Bonds, with interest payable in January
and July, and who may desire, in making addi
tonal investments, to have their interest receiva
Die AZ different seasons Of the year.
The Loan is secured by mortgage upon the
entire Line OF Road from Rich Aond to the Ohio
River, With the equipment and ali other property
and appuHenanees connected therewilh.
A SINKING FUND OF Si0a,0oO PER AN
NUN Is PROVIDED FOR THE REDEMP-
TIoN OF The boNDS, TO TAKE EFFECT
ONE YEAR AFTER THE COMPLETION OF
THE ROAD.
The mortgage is for sl5.OoooOo Of which s2.-
e00,aoo will be reserved and held in trust for the
redemption Of outstanding Bonds Of the Vfrgiaia
Central Raitroad Company now merged in the
CHEsAPsAKE AND ONO.
OF the remaining si3, ,0e0. .o0o, a sufficient
amount viii be s0ld to complete the road 20 the
Ohio river, perfect and improve the portion now
in operation, and thoroughly equip the whole for
large and active trafde.
The present prise is 90 and accrued interest,".
a Loan so amply secured, SO carefully guarded,
and 50 certain hereafter to command prominent
place among the favorite securities in the mar
kets, bpth Of this Country and Europe, viii be at
once appreciated ard quickly absorbed.
Very respectfully,
FISK & HATCH,
BANKERS.