The Portland daily press., 1870-03-24

NAS
we now offer with special confidence and satisfac-
ton the
FIRST MORTGAGE BONDS
oF THE
Chesapeake aid Ohio Railroad Company.
The Chesapeake and Ohio Railroad, connecting the
Atlantic coast and the magnificent harbors OF the
Chesapeake Bay with the Ohio River at point OF re-
liable navigation, and thus with the entire Railroad
system snd water transportation of the great West
and South west, forms the additional East
md West Trunis Lime, SO imperatively de-
manded for the accommodation of the immense and
rapidly-srowing transportation between the Allan
| tic sea-bcard and Europe on the one hand, and the
great producing regions of the OHIO and Mississippi
Valleys on the other.
The importnnc of this Road as a new
outlet from the West 10 ale sen magnifes it
into of national consequence and insures to it
extensive through traffic from the day OF its compile
ton; bile, in the development of the extensive ag
ricuItufal and mineral resources OF Virginia and
West-virginia, it possesses, along its 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 success and value, and
der ii 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 tc it the attention
and cooperation of prominent Capitalists and Rail
road men of this City oil sound Judgment and known
integrity, whose connection with it, together with
that of eminent citizens and business men of vr-
ginia and west-vrginia, insure. an energetic,
honorable, md successful mann cement.
The Road is completed and in operation from
Richmond to the celebrated White sulphur Springs
of West-virsnia, 227 miles, and there remain but
200 miles tnow partially coustructed to be compile
ted to carry it to the proposed terminus the Ohio
river at, near the mouth OF the Big Sandy river
$50 miles above Cincinnati, $50 miles below Pitts
burg.
Lines are now projected in progress through
Ohio and Kentucky to this point, which viii 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 CHESAPEAKE AND ONO RAILROAD
COMPANY among the richest and most powerful and
| trustworthy corporations of the country; and
there exists n present value, i'm completed
read and work denc, equal 90 the entire
amount of the mortgage.
special reference to the wants of all classes OF invest
ors, and combine the various features of
safety and protection against loss or fraud.
The Bonds are in denominations of
$1,000, $500, and 800.
They will be issued as COUPON BONDS, 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 unless re-assign-
ed to bearer; OF
The coupons may be detached and cancelled, the
Bond made permanent Registered Bond, transfer
able only the books of thecompany and the inter-
made payable only the registered owner or his
attorney.
Three classes will be known respectively as:
| let. Coupon Bonds payable 10
Bearer.o
attached,
Sd. "Rcgisteted Bouds with Commons
dc'nched," and should be so designated by cor
respondents in specifying the class of Bonds desired
They have thirty years to run from January IT,
1870, with interest at six per cent per annum from
November l. 1899, Principal and Inte est payaEie in
GOLD in the City Of New York.
The interest is payable in MAY and NOVEMBER.
that 1t may take the place of that the earlier is
sues of Five -Twenties, and suit the convenience or
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 a mortgage upon the en-
tire line of road from Richmond to the Obio River
with the equipment and all other property and ap-
purtenances connected Herewith
4 Sinking Fund Of 100000 per annum is pro-
rid for the redemption Of the Bonds, to take effect
one year after the completion Of the road.
The mortgage is tor $4,000 OoO of which So
will be reserved and held in trust for the redemp
ton OF outstanding Bonds OF the Virginia Central
PEAKE AND OHIO.
OF the remaining si3ooO,OO sufficient amount