Litchfield enquirer., 1870-03-17
FIRST MORTGAGE BONDS

l FIRST MORTGAGE BONDS | OF rHR 1 Chesapeake and Ohio Railroad Company.
 Phe Chesapeake and Ohio Railroad connects ] the Atlantic coast and the magnificent l harbors of the Chesapeake Bay with the Ohio River at point of reliable navigation. and 1 thus, with the entire Railroad system and wa ter transportation of the great west and south l west, forms the additional east and west trunk line, SO imperatively demanded for the accom- notation of the immense and rapidly growing transportation between the Atlantic sesboard 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 as new outlet from the West to the sea magnifes it into one of national consequence, and insures to it an extensive through traffic from the day of it's completion; while in the development of the extensive agricultural aud mineral resources of Virginia and West Virginia, 1t possesses,
  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 tho sursst guarantee of its success and value, and render 1 it the most important and substantial Rail- road enterprise now in progress in this Coln- try.
 Its superiority as an East and West route, and the promise of an immense and profitable ; trade awaiting it's completion, have drawn to I it the attention and co cooperation of prominent Capitalists and Railroad men of this city of sound judgment and known integrity, whose connection with 1t, together with that of emil nent citizens and business men of vir- ginia and West Virginia, insures an en- l ergetic, honorable, and successful management.
 The Road is completed and in operation 1 from Richmond to the celebrated White Sul- phur Springs of West Virginia, 227 miles, and there remain but 200 miles (now partially constructed) to be completed, to carry it to l the proposed terminus on the Ohio river at, or near, the mouth of the Big Sandy River, 150 miles above Cincinnati, and $50 miles below Pittsburg.
 1 Lines are now projected or in progress through Ohio and Kentucky to this point, which will connect the Chesapeake and Ohio Railroad systems of the West and Southwest. with the Pacific Railroad. It's valuable franchises and superior advan- tages will place the Chesapeake and Ohio Railroad Company among the richest and most powerful and trustworthy corporations of the country; and there exists present val ue, 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 ofall class es of investors, and combine the various fea. lures of convenience, safety, and protection against loss or fraud
 The Bonds are in denominations of 5000 $500, and $l00.
 They will be issued as Coupon Bonds, paya. or,
 The Bond may be registered in the name oi the owner with the coupons remaining paya. ble to bearer attached, the principal being then transferable only on the Company books unless re assigned to bearer; or
 The Coupons may be detached and cancelled. 1 the bond may be a permanent registered bond, transferable only on the books of the Company, i and the interest made payable only to the reg istered owner or his attorney. | The three classes will be known respectively as:
 1st. "Coupon Bonds payable to Bearer''
 2d Registered Bonds with Coupons attach ed"
 Sd. Registered Bonds with Coupons de- tached.'' and should be SO designated by Cor respondents in specifying the class of Bonds desired.
 They have thirty years to run from January 10, 1870, with interest at six per cent per an nun from Nov. 1. 1869. Principal 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-twenties, and suit the convenience of our friends who already hold I Central and Western Pacific Bonds, with sn- terest payable in January 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 entlre line or hOa0 rom hlcnmon0 co the Ohio River, with the equipment and all other property and appurtenances connected there. with.
 A Sinking Fund of $lOO, ,00O per annum i. provided for the redemption of the Bonds, te take effect one year after the completion of tho Road.
 The mortgage is for $l5. .0OO,0 900. of which $2, OO0, 900 will be reserved and held in tr ust for the redemption of outstanding Bonds ol the Virginia Central Railroad Company, now merged in the Chesapeake and Ohio.
 Ofthe remaining SIS. .000, 900, a sufficient amount will be sold to complete the roat to the Ohio River, perfect and improve the portion now in operation, and thoroughly equip the whole for large and active trafi c The present price is 90 and accrued interest
 A Loan so amply secured. so carefully guar ded, and so certain hereafter to command { prominent place among the favorite securities in the markets. both of this Country anu Eu rope. will be at once appreciated and quickly , absorbed Very respectfully,
 FISK HATCH, Bankers.
 S:-We have issued pamphlets contain ing full statistical details, maps, etc., which will be furnished upon application.