Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1870-03-17
OFFICE OF FISK & HATCH,

OFFICE OF FISK & HATCH,
AND DEALERS IN GOVERN
MENT SECURITIES,
No. Nassau Street, New York,
Feb. 18th, 1870.
The remarkable success which attended our ne
gotiaion of the Loans Of the Central Pacific
Railroad Company and the Western Pacific Rail-
road Company, and the popularity and credit
which these Loans have maintained in the mar
kets, both in this country and Europe, have
shown that the First Mortgage Bonds Of wisely
located and honorably-msnaged Railroads are
promptly recognized and readily taken the
most suitable, safe, and advantageous form of in
vestnent, yielding a more liberal income than
can hereafter be derived from Government Bonds
and available to take their place.
Assured that, in the selection and negotiation o.
superior Railroad Loans, we are meeting great
public want and rendering valuable service
both to the holders Of Capital and to those great
National works Of internal improvement whose
intrinsic merit and substantial character entitle
them to the use Of Capital and the confidence OF
investors-we now offer with special confidence
and satisfaction the
FIRST MORTGAGE BONDS OF THE CHEs-
APEAKE AND 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 reliable navigation, and thus, with the
entire Railroad system and water transportation
of the great West and Southwest, FORMS THE
ADDITIONAL EAST AND WEST TRUNK
LINE, SO imperatively demanded for the accom-
mediation of the immense and rapidly-groWing
transportation between the Atlantic seaboard
and Europe on the one hand, and the great pro-
ducing regions of the Ohio and Mississippi Val
leys on they other.
The Importance of this Road as a new outlet
from the West 20 the sea magnihes it into one OF
national consequence, and insures TO il an extern
sive through traffic from the day Of its compile
ton while, in the development Of the extensive
agricultural and mineral resources Of Virginia
and West-Yirginia, it possesses, along its own
line, the elements of a large and profitable local
business.
Thus the great interests, both general and 10
cal, which demand the compilation Of the Chesa
peake and Ohio Railroad to the Ohio River, af-
ford the surest guarantee of its success and value
and render it the most important and substantial
Railroad enterprise now in progress in this coun-
try.
Its superiority as an East and West route, and
the promise of an immense and profitable trade
awaiting its completion, have drawn to it the at
tention and cooperation of prominent Capitalists
and Railroad men of this City of sound iudg
ment and known integrity, whose coEnecaon
with it, together with that of eminent citizens
and business men of Virginia and West-Virginia,
lnsures an energetic, honorable, and successful
management.
The Road g completed and in operation from
Richmond 20 the celebrated White Sulphur
Springs of West-Virginis, 227 miles and there
remain but 200 miles now partially construeted)
to be completed, to carry it to the proposed ter
minus on the Ohio river at, OF near, the mouth of
the Big Sandy river, $50 miles above Cincinnati,
and $50 miles below Pittsburg.
Lines are noR 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.
Its valuable franchises and superior advanta-
ges 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 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 all classes
of investors, and combine the various features Of
convenience, 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
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
bearer attached, the principal being then trans
ferable only on the books Of the Company. unless
re-assigned TO bearer; or
The coupons may be detached and cancelled.
the Bond made q permanent Registered Bond.
transferable only on the books Of the Company.
and the interest made payable only to the regis
tered owner or his attorney.
The three classes viii be known respectively as:
Is. Coupon Bonds payable to bearer"
-. ''R' gi-tered Bonds with Coupons attached. %
3d. Registered Bonds with Coupons detached, ="
and should be so designated by Correspondents in
specifying the Glass of Bonds desired.
They have Thirty years to run from January
10 1870 with interest at six Per cent Per annum
from November l, 1869. Principal and interest
payable in Gold in the city Of New York.
The interest l. payable in May and November,
thaf y IN ~ take the place of that Of the earlier