The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1870-04-04

TIC 'ea-bcard and Europe on the one hand, and the
great ioducing regions OF the OHIO and Mississippi
Valleys on the other.
'Che impor tance Of this Road as q new
ouslet from the West to the sea maent6es it
into one Of national and insures to 1t an
extensive through traffic from the day OF its compile
tom hile in the development OF the extensive ag
ricnltu.al and mineral resources OF virginia and
West-virginia 1t possesses, along its own line, the
elements Of large and profitable local business.
Thus thu great interests, both general and local
which demand the completion Of the CnEsAPEAKE
AND ONO RAILROAD to the Ohio River, afford the
surest guarantee OF its success and vaue and rem
der Ii the most Important and substantial
Railroad enterprise now In progress In
this Country.
Its superiority 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-
gina and west-vrgnia, insures an energetic,
hen~rabie, and succes.fnI mana cement.
The Road Is completed and In operation from
Richmond to the celebrated White Sulphur Springs
OF West-virsinia, 227 miles, and there remain but
200 miles tnow partially constructed) to be compile
ted to carry 1t 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 AMI Ohio y ith the entire
Ratl-Oad sysaems Of the West and Seuih-
We 1t. and with the Pacinc Railroad.
will place the CHEsAPEAKr AND oHIo RAILROAD
C'MPANY among the richest and most powerful and
trustworthy corporations Of the conntry; and
there exisis present value, i'm completed
read and work done, squal to she entire
amount Of she 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 COUPON BosDs, 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 prnepal being then transferable
only on the books of the Company, unless re.s.ssn.
ed to bearer; or
The coupons may be detached and cancelled, tho
Bond made a permanent Registered Bond, transfer
able only the books Of theCompany and the inter-
est made payable only to the registered owner or his
attorney.
Three classes will be known respectively as:
1st s.Coupsn Bends payable 70
Bearer"
E2ad. s'Resiatered Bonds with Coupons
attached"
Sd. tsResisseted Bsnds with Coupeus
de'ached,'' and should be so designated by cor
respondents in specifying the class Of Bonds desired
They have iht,ty years to run from January 49,,
1870, with interest at six per cent per annum from
November !, 1885, Principal and Inte est payabse In
GOLD in the CITY Of New York.
The interest is payable in MAY and NOVEMBER,
that may take the place of that OF the earlier is.
sues Of Fve.Twenties, and suit the convenience or
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 of the 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 annum 10 pro-
cid for the redemption of IL. Bonds. to take effect
one year after the completion Of the road.
The mortgage is for $4,000 900, of which s2,oo 900
will be reserved and held in trust for the redemp
ton OF outstanding Bonds Of the Virginia Central
Railroad Company, now merged in the CHEsA-
PEAKE AND OHIO.
| OF the remaining $13.ooo,Oo sufficient amount
will be sold to complete the road to the Ohio river
perfect and impro,, the portion now in operation,
and thoroughly equip the whole for large and &C.
| tive traffic.
The present price Is 80 and accrued interest,
Loan SO amply secured, SO carefully guarded
and so certain hereafter to command prominent
place among the favorite securities in the markets.
both Of this country and Europe, win be at once APP
preciated and quickly absorbed.
Very respectfully,
FISK O. HATCH,
Bankers,
P. S.-we have issued pamphlets .lcoatainins full
particulars, statistical Details maps, etc, which will
be furnished upon applieationl
I'VE buy and sell Government Bonds, and xe-
ceve the accounts Of Banks, Bankers, Corporations
and others, subject to check at sight, and allow In
AAt