Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1870-03-05
FIRST MORTGAGE BONDS


FIRST MORTGAGE BONDS
OF THE
Chesapeake and Ohio Railroad Co.
The Chesapeake and Ohio Railroad, connect
ing the Atlantic coast and the magnificent har-
bors Of the Chesapeake Bay with the Ohio Riv-
er 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 ana West
Trunk Line, SC imperstively demanded for
| the accommodation Of the imm ense and rapidly
growing transportation between the Atlantic
seaDoard and Europe on the ono hand, and the
great producing regions of the Ohio and Mis-.
sissippi Valleys on the other.
The Importance of this Road as Il
new outlet from the West to the sea
magnifcs it into one of national consequence,
| and insurns TO it an extensive through tratEc
| from the day OF its completion; while Ill the
| devcopement Of the extensive agricultural and
mineral resources Of Virginia and West Vir-
glnia, it possesses along its own lire, the ee-
ments of largo and profitable local business.
Thus the groat interests, both gen eral and To-
cal, which demand the compilation Of the Giles
APBAKE AND ONO RAILROAD TO tho Ohio Rlv-
er, afford the surest guarantee OF its success and
value, and render IL the most important
and substantial Railroad enterprise
now in progress in this country.
| Its superiority as an East and West route,
and tho promise OF an immense and profitable
trade awaiting its completion, have drawn to it
tho attention and cooperation of prominent
| Capitalists and Raill DAD men Of this City, OF
sound judgment and known integrity, whose
connection with it, together with that OF emil
| nent citizens 0nd business men of Virginia and
| Yves. Virginia, insures an energetic,
honorable and successful manage
ment.
| Tho Road is completed and in operation from
Richmond TO tho celebrated White Sulphur
| Springs Of West Virginia, 22I miles, and there
remain but 200 miles (now partially construct
cd) TO be completed. to carry it to the proposed
terminus on the Ohio river at, or near, the
mouth of tho Big Sandy River, 80 miles above
| Cincinnati and $50 miles below Pittsburg.
Lines are now projected or in progress
through Ohio and kentucky to this point
which will connect the Chesapeake and ONO
with the entire Eailload systems of the West
and Southwest ard with the Pacific Railroad.
Its valuable franchises and superior advsn-
tsgcs 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 tho mortgage.
! The details OF the Loan have been arranged
with special reference to the wants Of ali classes
| orinyestors; and combine tho 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, pGyGb1"
to Bearer, and may bo held in that form; OF
The Bond may be registered in tho name Of
| tho owner with the coupons remaining payable
to bearer attached, the principal being then
! transferable only on tho books Of the Company,
unless reassigncd to bearer or
| The coupons may be detached and cancelled,
tho Bond made y permanent RcJtst>rcH E3"@,
transferable only on the books of the Company,
| and the interest made paysbie only 20 the re-
| gistered owner or his attorney.
| The three classes will be known Respectively
| as
1.t. "CoUPoN BONDS PAYABLE TO
BEARER"
I'd. "REGIS7ERED BONDS WITH COU-
| PONS ATTACHED"
Sd. "EEGISTERED BONDS WITH COU-
PONS D ETACHED," and should be so dosig
mated BY Correspondents in specifying the elias;
of Bonds dc.Ired.
4,
January Is, 1870 with interest at six per cent
| ner annum from November ], 1869. PRINCE
PAL AND INTEREST PAYABLE IN GOLD in the
city Of New York.
The interest is payable in MAY and NovEM-
Der, that it may take the place Of that of the
earlier issues of Five-Twentic:, and suit the
convenience Of our friends who already hoI
Central and Western Pacific Bonds, with inter-
est. payable in January and July, snd VINO
may desire in making additional investn ents'
TO have their interest receivable ut different sea-
sons Of tho year
The Losn is secured BY mortgage upon The
| entire Line of Road from Richmond TO the ONO
| River. with tho equipment and sll other prop
| ertv snd appurtenances connected therhWltn.
4 Sinking Fund Of 500 600 per annum ls
nrovided 70: tho redemption of the Bonds, 10
take effect ono vesr H!eeI tne oiiip''''''i VI "
The The mortgage is for $1,000. Ool, of which
$4,000, 900 win BIO reserved md he'd in trust for
tho redemption OF Outstanding Bonds OF inc
| IIrginia Central Railroad Company. now
merged in the CHESAPEAKE AND OHIO.
| OF the remaining 100000. sufficient
amount will be sold to complete the rosd to the
Ohio river. perfect ana improve the portion
now in operation, and thoroughly equip the
| whole for = large and active traffic.
The present price is 30 and accrued Interest.
Loan so amply secured, So carefully guard
ed, and 90 certain hereafter 10 command o
prominent place among the favorite securities
in the markets. both or this Country and ~
rope, will be st once appreciated and quickly
sbsor bed Very respectfully,
FISK E HATCH, Bankers
p. S.-We have issued pamphlets containing mn
full particulars, statistical details, map e'c''
which will be furnished upon application.
r=s- We buy and sell Government Zones