The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1870-03-26
MISCELLANEOUS.

1
Office of FISK & HATCH,
BANKERS AND DEALERS IN GOVERN
MENT SECURITIES.
| No. NASSAU TREET, NEw-YoRK.
February 18th, 1870.
The remarkable success which attended our nego-
tiation of the Loans of the CENTRAL PACIFIC RAIL
ROAD COMPANY and the WESTERN PAcIsIo RAIL
ROAD COMPANY, and the popularity and or
which these Loans have maintained in the markets.
both in this country and Europe, have shown tina
the FIRST Mortgage Bonds of wisely-located and hon.
orably'managed Railroads are promptly recognized
and readily taken the most suitable, safe and ad-
vantageous form of investment, yielding more lib
eral income than can hereafter be derived from
Government Bonds, and available to take their
place.
~>>~St
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
trinsic merit and substantial character entle them
to the of Capital and the confidence OF investors
NO MIA NTH,
ton the
FIRST MORTGAGE BONDS
Chesapeake and Ohio Railroad Company.
The Chesapeake and Ohio Railroad, connecting the
Atlantic coast and tho magnificent harbors of the
Chesapeake Bay with the Ohio River at a point Of re-
liable navigation, and thus with the entire Railroad
system snd water transportation of the great West
and Southwest, forms the additional East
and West Trunk Lime, so imperatively de-
manded for 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 Read as q new
outlet from the West to the sen magnifes it
into one of national consequence and nsures to IT an
extensive through traffic from the day OF its compile
ton; WHILE in the development of the extensive ag-
ricultural and mineral resources of Virginia and
West-virginia 1t 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 CHEsnPEAKE
AND ONO RAILROAD to the Ohio River, afford the
surest guarantee OF its and value and rem
der IL the most Important and substantial
Railroad enterprise new 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 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-
ginia and West-virginia, insnres nm energetic,
honorable, and suecessfal management.
The Road is completed and in operation from
Richmond to the celebrated White Sulphur Springs
OF West-virginia, 227 miles, and there remain but
200 miles now partially constructed 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 Ohis 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 OHIO RAILROAD
| COMPANY among the richest and most powerful and
trustworthy corporations of the country; and
there exists . present value, In cemple,ed
read 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. 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-assgn-
ed to bearer; or
The coupons may be detached and cancelled, the
Bond made permanent Registered Bond, transfer.
able only on the books of land the inter-
est made payable only the registered owner or his
attorney.
Three classes will be known respectively as:
| 1st. "Ceupsn Bends payable 70
| Bearer.0
K2nd. s'Regissered Bends with Coupons
| attached.0
Sd. ssRegisteted Bends with Coupons
deiached,'' 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 1, 1sc9 Principal and Int, est payable in
GOLD in the City Of New York.
The interest Is payable in MAY and NovEMpER,
it may take the place of that OF the earlier Is
sues Of Fve-Twenties, and suit the convenience Of