The Portland daily press., 1870-04-01
MISCELLANEOUS.
Office of FISK & HATCH,
BANKERS AND DEALERS IN GOVERN
MENT SECURITIES.

Tue first mortgage Bonds OF wisey-ocated and hon
orably. managed Railroadaare promptly recognized
and readily taken the most suitable sale and adj
vantageous form of investment, yielding more lib
eral income than can hereafter be derived from
Government Bonds, and available to take their
place.
superior Railroad Loans, we are meeting great
public want, and rendering valuable service
both to the holders of Capita and to those great
National works Of internal improvement whose in
trnsc merit and substantial character enttie them
to the use of Capital and the confidence ct inventors
we now offer with special confidence and sat,sfac.
ton the
FIRST MORTGAGE BONDS
OF THE
Chesapeake ed Ohio Railroad Company.
The Chesapeake and Ohio Railroad, connecting the
Atlantic coast and the magnificent harbors of
Chesapeake Bay with the Ohio River as point Of re-
liable navigation, and thus with the entire Railroad
system end water transportation of the great West
and Southwest, ferns the additional East
md West Trunk Liae. so imperatively de-
manded for the accommo dation of the immense and
rapidly -growing transportation between the Attain
tic sea-bcard and Europe on the one hand, and the
great ploducing regions of the OHIO and Mississippi
Valleys on the other.
The Imperial Of this Read NJ new
outlet from the West to the sea maepiaes IL
into one Of national and insures to 1t an
extensive through traffic from the day OF its compile
ton; hile in the development of the extensive Az
ricutural and mineral resources of Virginia and
West-virginia 1t possesses along its own limo, 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 rem
der 1t the moot Important and substantial
Railroad easerpriss now 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 an energetic,
honorable, and successfal management.
The Road is completed and in operation from
Richmond to the celebrated White Sulphur Springs
OF Virginia, 227 miles, and there remain but
200 miles (now partially constructed) to be compile
ted to carry 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 tins p9int which will connect
the Chesapeake and Ohie 18th the entire
Railroad systems Of the West nnd South
wxss. anu wHSh Jne PaeiAe Railroad.
Its valuable franchises and superior advantages
will place the CHESAPEAKE AND ONO RAILROAD
COMPANY among the richest and most powerful and
trustworthy corporations of the country; and
there exists . present value, In cenple,ed
read and work denc, equal T. ,he 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 500.
They will be issued as CouPox BoSDs, payable to
Bearer. andmsy 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 and the inter-
est made payable only to the registered owner or his
| attorney.
Three classes will be known respectively as:
1ss. "Csupsn Bends payable to
Bearer.o
E9nd. s.Resis,ered Bonds with Coupons
| attached"
l. Sd. "ReSisteted Bends with Coupons
dets ched,'' 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 annum from
November 1862 Principal and Int, est payable In
GOLD in the City Of New 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 OF
our friends who already hold Central and Western
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 ofthe 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.
A Sinking Fund Of 100000 per annup 10 pro-
vd for the redemption Of the Bonds, to take effect
one year after the completion Of the road.
The mortgage is for SIS 900, Of which 900
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 $is.ooo.o 900. Sufficient amount
will be sold to complete the road to the Ohio river
perfect and improv the portion now in operation,
and thoroughly equip the whole for large and ac-
/ tive traffic.