Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1870-04-07
FIRST MORTGAGE BONDS OF THE CHEs-
APEAKE AND OHIO RAILROAD
COMPANY.

APEAKE AND OHIO RAlLROAD
COMPANY.
The Chesapeake and Ohio Railroad, connecting
he Atlantic coast and the magnificent harbors Of
he Chesapeake Bay with the Ohio River at q
point of reliable navigation, and thus, with the
sntire Railroad system and water importation
IF the great West and Southwest, FORMS THE
ADDITIONAL EAST AND WEST TRUNK
LINE, SO imperatively demanded for the accom-
notation of the immense and rapidly-growing
between the Atlantic seaboaro
and Europe on the one hand, and the great pro-
aucing regions Of the Ohio and Mississippi Val
eys on they other.
The importance Of this Road as a new outlet
from the West 20 the ssa magniies it into one Of
national consequence, and insures TO IT an extern
i've through traffic from the day of its compile
ton while, in the development Of the extensive
agricultural and mineral resources Of Virginia
and west-Virginia, it possesses, along Its own
line. the elements of large and profitable local
business.
Thus the great interests, both general and To-
cal, which demand the completion of the Chess-
peake and Ohio Railroad to the Ohio River, sf-
ford the surest guarantee of its success and value
and render it the most important and substa ntal
Railroad enterprise now in progress in this coun-
try.
Its superiority as an East and West route, ana
the promise of an immense and profitable trads
awaiting its completion, have drawn TO it the at
tention and cooperation of prominent Capitalists
and Railroad men of this City of sound iudg-
ment and known integrity, whose connection
with it, together with that of eminent citizens
and business men of Virginia and West Virginia.
insures an energetic, honorable; and successful
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 NOV partially construetedj
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 Cincinnati,
and $50 miles below Pittsburg.
Lines are now projected or in progress through
Ohio and Kentucky to this point, which viii con-
meet the Chesapeake and Ohio with the entire
Railroad systems of the West and Southwest,
and with the Pacific Railroad.
Its valuable franchises and superior advanta-
ges will place the Chesapeake aud Ohio 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 Bonds are In denominations. OF
$1,000, $500 and 500.
They will be issued as Coupon Bonds, payable
to Bearer, and may be held in that form; OF
The Bond may be registered in the name Of the
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 a permanent Registered Bond,
transferable only on the books of the Company
and the interest made payable only 70 the regis
tered owner or his attorney.
The three classes will be known respectively Is,
LIST. Coupon Bonds payable to bearer
"a. Registered Bonds with Coupons attached
Sd. Registered Bonds with Coupons detached"
specifying the class Of Bonds desired,
They have Thirty years 70 run from January
Is, 1870, with interest at six per cent per snnun
from November !, 1869. Principal and interest
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
issues Of Fiye-Twenties, and suit the cOnvenienes
OF our friends who already hold Central and
Western Pacific Bonds, with interest payable II
January and July, and who may desire, in nsk-
ing additional investments to have their interest
receivable at different seasons of the year
The Loan is secured by mortgage upon the
entire Line of Road from Richmond TO the Ohio
River, with the equipment and all other property
and appurtenances connected Herewith.
A Sinking Fund of 800, 900 Per annum is pro-
vided for the redemption of the Bonds. 70 take
effect one year after the completion OF the Road.
The mortgage is for sl5, 000, 900, of which a.
100000 will be reserved and held in trust for the
redemption of outstanding Bonds of the Virgins
Central Railroad Company, now merged in the
Chesapeake and Ohio.
OF the remaining Oh, OOO, 600, a sufbeien
amount will be sold TO complete the read 70 the
Ohio river, perfect and improve the portion nov
In operation, and thoroughly equip the whole foI
large and active traffic.
The present price is 80 and accrued interest.
Loan so amply secured, go carefully guarded,
and SO certain hereafter to command proni-
nent place among the favsrite securities in the
markets, both of this Country and Europe, viii
be at once appreciated and quickly absorbed.
Very respectfully,
FISK & HATCH,
Bankers.
p. s.-we have issued pamphlets containing
full particulars, statistical details, maps, etc,
which viii be furnished upon application.
~ We buy and sell Government Bonds, ana
receive the accounts Of Banks, Bankers, Corpora