The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1870-03-18

Assured that, in the selection and negotiation of
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 in
rnsc merit and substantial character entitle them
to the use of Capital and the confidence OF investors
we now offer with special confidence and satsfac-
ton the
FIRST MORTGAGE BONDS
OF THE
chesapeake 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 re-
liable navigation, and thus, with the entire Railroad
system nd water transportation of the great West
and Southwest, forms the additional East
and West Trunk Line, SO imperatiyely de-
manded tor the accommodation of the immense and
rapidly-growing 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 importance of this Road rs a new
outlet from the West to the sen magniies it
into of national consequence and insures to it an
extensive through traffic from the day of its compile
ton; WHILE in the development of the extensive ag-
ricutural and mineral resources of Virginia and
West-Virgnia, 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 success and value, and
der it the most important and substantial
Railroad enterprise now in progress i'm
tbi. O.--sry.
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-
glnia and West-virgnia, insures an energetic,
honorable, and successfnl management.
The Road is completed and in operation from
Richmond to the celebrated White Sulphur Springs
OF West-virsinia, 227 miles, and there remain but
200 miles (now partially construced) to be compile
ted to carry it to the proposed terminus on 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 18th the entire
nnllrond systems Of the West and South
west. and with the Pacific Railroad.
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, i'm 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 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. andm 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-asspn-
ed to bearer; or
The coupons may be detached and cancelled, the
Bond made permanent Registered Bond, transfer
able only on the books of heCompany and the inter-
est made payable only the registered owner or his
attorney.
Three classes will be known respectively as:
lat. "Coupon Bonds payable to
Bearer.o
End. s'Resisicred Bonds with Coupons
nttached.o
Sd. "Resisteted Bonds with Coupons
deta ched,'' and should be SO designated by COR
respondents 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 1869, Principal and Int, est payable in
GOLD in the City Of Ne,o York.
The interest is payable in MAY and NOVEMBER,
that it may take the place of that OF the earlier is
sues of Five Twenties and suit the convenience or
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 mortgage upon the en-
tire line of road from Richmond to the Ohio River,
with the equipment and all other property and ap-
purtenances connected Herewith.
Il Sinking Fund Of 100000 per annum is pro-
cid for the redemption Of the Bonds, to take effect
one year after the completion Of the road.
The mortgage is for s15 900 900, Of which 100000
will be reserved and held in trust for the redemp-
tion OF outstanding Bonds Of the Virginia Central
Railroad Company, now merged in the CHEsA-
PEAKE AND OHIO
OF the remaining s13OOO,OO sufficient amount
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 a large and ac
tive traffic.
The present price is 30 and accrued interest.
A Loan so amply secured, so carefully geuard ed
and so certain hereafter to command prominent
place among the favorte securities in the markets.
both Of this country and Euroro mill ha at once on