The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1870-02-28
First Mortgage Bonds
OF TIE
OF TIE
Chesapeake and Ohio Rail-
road Company.

the Atlantic coast and the magnificent harbors
of the Chesapeake Bay with the Ohio River at a
point of reliable navigation, and thus, with the
entire Railroad system and water transportation
OF the great West and Southwest, forms the
additional EasI and West Trunk Line,
80 imperatively demanded for the accommodation
of the immense and rapidly growing transports-
ton between the Atlantic seaboard and Europe
on tho one hand and great producing regions OF
the Ohio and Mississippi Valleys on the other
The importance Of this Rond as n
new outlet from the West 10 the sea
nagnifies it into one of national consequence
and insures to II an extensive through tramo
from the day Of It's completion; while, in the
development Of TIE extensive agricultural ana
mineral resources OF Virginia and West Virginia,
it possesses along its own line, the elements OF
a large and profitable local business
Thus the great interests, both general and
local which demand the completion of the
CHEsAPEAKE AND OHIO RAILROAD to the Ohio
River, afford the surest guarantee of its success
and value, and render n the most imPor-
tnnt and substantial Railroad enter
prise now in progress IN this Country.
lis superiority as an East and West route,
and the promise Of an Immense and profitable
trade awaiting its completion have drawn to 1t
the attention and cooperation of prominent
Capitalists and Railroad men Of this City Of
sound Judgment and known integrity, whose
connection with it, together with that oil emil
nent citizens and business men of Virginia and
West VIRGINIA, insures nm energetic, hon
orabIe and successful management.
Tho Road is com letHd and in operation from
Richmond to the celebrated White Sulphur
Springs Of West Virginia, 227 miles, and there
remain but 900 miles (now partially constructed)
to be completed, to carry it to the proposed ter
minus ON the Ohio river at, or near, the mouth
of the Big Sandy river, $50 miles above Cinciu.
natl, and $50 miles below Pittsburg.
Lines are now projected CT progress through
Ohio and Kentucky TO this point, which will
connect the chesapeake and Ohio with
the entire Railroad systems Of the West
and Southwest, aud with the Pacific
Railroad.
Its valuable franchises aud superior advan'
tages will place the CHESAPEAKE AND ono
RAILROAD COMPANY 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 all classes
of investors, and combine the various features
of convenience, safety and protection against
loss or fraud.
The Bends 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
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 permanent Registered Bond,
transferable only on the books of the Company,
and the interest made payable only to the reg.
istered owner or his attorney.
The three classes will be known respectively
as:
list. Coupon Bonds payable 20
Bearer"
I'd. Registered Bonds with Coupons
attached.o
Sd. "Rexistered Il onds with Coupons
detached" and should be 20 designated by
Correspondents in specifying the class of Bonds
desired.
They have THIRTY YEARS to run from
January Is, 15TO, with interest at six per cent
per annum from November /, 1862. PRINcIPAL
AND INTEREST PAYABLE IN GOLD IN THE CITY sF
NETWORK.
The interest is payable In MAY and NOVEMBER
that it may take the place of the earlier issues
of Fi,e.Twenties, and suit the convenience OF
our friends who already hold Central and West
ern Pacific Bonds, with interest payable in Jan.
uary and July, and who may desire, in making
additional investments, to have their interest
receivable at different seasons Of the year.
The Loan is secured by mortgage upon the
entire Line Of the Road from Richusnd to the
Ohio River. with the equipment and all other
property and appurtenanees connected there
with.
A SINKING FUND OF 100000 PER ASNUN Is
PROVIDED FOR TIE REDEMPTION OF IHE B. NDs.
TO TAXI EFFECT ONE YEAk AETER The COMPILE
hon OF THE ROAD.
The mortgage is for SIS, 600 eco, of which
q 900 OOO0 will be reserved and held in trust for
the redemption of outstanding Bonds of the
Virginia Central Railroad Company, now merged
in TIE CHEsLPEAKE ASp OHIO.
OF the remaining $4,000, 900, Q sufficient
amount viii 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 active traffic.
The present price is 90 and accrued interest
A Loan so amply secured, so carefully guard
ed. and so certain hereafter to command prom
inent place among the favorite securities in the
markets, both of this Country and Europe, win
be at once appreciated and quickly absorbed.
Very respectfully,
FISK d HATCH,
Bankers.