Bedford inquirer. [volume] (Bedford, Pa.) 1857-1884, 1870-04-08
FIRST MORTGAGE BONDS

The Chesapeake and Ohio Railroad, connecting
the Atlantic coast and the magnificent harbors
of the Chesapeake Bay with the Ohio River at
point Of reliable navigation, and thus, with the
entire RaiIros system and water transportation
of the great West and Southwest, FORMS THE |
ADDITIONAL EAST AND WEST TRUNK
LINES, so imperatiyey demanded for the ao-
commodation of the immense and rapidly-grow
ing transportation between the Atlantic seaboard
and Europe on the one hand, and the great pro-
ducing regions of the Ohio and Mississippi Val
leys on the other
THE IMPORTANCE OF THIS ROAD AS
A NEW OUTLET FROM THE WEST TO THE |
SEA maguiaes it into one ofnational consequences,
and insures to it an extensive through traffic
from the day Of its completion; whae in the de-
velopment fthe extensive agricultural and min
oral resources of Virginia and West Virginia, it
possesses, along its own line, the elements of
largo and profitable local business,
Thus the great interests, both general and local,
which demand the completion tf the CHEsA ArEAKE |
AND ONO RALnoAD to the Ohio River. afford
the surest guarantee Of its success and value, and
RENDER IT THE MOST IMPORTANT AND /
SUBSTANTIAL RAILROAD ENTERPRISE
NOW IN PROGRESS IN THIS COUNTRY.
It's superiority as an East and West route, and
the promise of an immense and profitable trade
awaiting its completion, have drawn to it the !
attention and cooperation Of prominent Capital
lists and Railroad men of this City of sound judg-
ment and known integrity, whose connection with /
it, together with that of eminent citizens and bus
ineas men Of Virginia and West Virginia, IN.
sUREs 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 NOW partially constructed)
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 Cinoin-
natl, and $50 miles below Pittsburgh.
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.
It's valuable franchises aud superior advanta-
ges viii place the CHESAPEAKE ASD ONO RAIL
RoAD CoWPANY 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; or
The Bond may be registered in the name Of the
owner, with the coupons remaining payable to
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 permanent Registered Bond,
transferable only on the books of the Company,
and the interest made payable only to the regis
tered owner or his attorney.
The three classes viii be known respectively as
list. "coUPoN BONDS PAYABLE TO
BEARER"
2nd. "REGISTERED BONDS WITH CoU-
PONs ATTACHED"
3rd. REGISTERED BONDS WITH COT
PoNS DETACHED" and should be so designa-
ted by Correspondents in specifying the class of
Bonds desired
They have THIRTY YEARS to run from Jan
uary Is, 1876, with interest at sin por cent per
annum from November /, 1873, 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 the oarlcr issues of
Five Twenties, and suit the convenience Of our
friends who already hold Central and Western
Pacific Bonds, with interest payable in Janaary
and July, and who may desire, in making addi-
tional Investments to have their interest roeoiva
bic 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 appuFtenanees connected Herewith
SINKING FUND OF 100000 PER AN
NUN is PROVIDED F0R THE REDEMp-
TON OF THE BONDS, TO TAKE EFFECT
ONE YEAR AFTER THE COMPLETION OF
THE ROAD
The mortgage is for sl5,OOO,oOO Of which 3d.
100000 viii be reserved and held in trust for the
redemption Of outstanding Bonds of the Firsinia
ceatrat Railroad Company, now merged in the
CHEsArEAKE AND OHIO.
OF the remaining slS0O0,OO0, a sufficient
amount win be sold to complete the road to the
Ohio river, perfect and improve the portion now
in operation, and thoroughly equip the whole for
a large and active trafic.
The present price is 80 and accrued interest.
4 Loan 50 amply secured, so carefully guarded,
and g certain hereafter to commapd prominent
place ameng the favorite securities ID the mar
kets, both Of this Country and Europe, win be at
once appreciated and quickly absorbed.
Very respectfully,