The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1870-03-14
FIRST MORTGAGE BONDS
OF THE
Chesapeake and Ohio Railroad Co.

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 Rail
road system and water transportation OF the great
West and Southwest, FORMS THE ADDITIONAL |
EAST AND WEST TRUNK LINE so imperatively |
demanded for the accommodation OF the immense |
and rapidly growing transportation between the
Atlantic seaboard and Europe on the one hand, and
the great producing regions OF the Ohio and Mssls-
sippi Valleys on the other
THE IMPORTANCE OF THIS ROAD AS A NEW
OUTLET FROM THE WEST TO THE SEA mag
niies it into one OF national consequence, and in
sures to 1t extensive through trafc from the day
OF Its completion; while, in the development OF the
extensive agricultural and mineral resources OF Vir-
ginia and West Virginia it possesses, along 1t own
line, the elements OF large 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 the
surest guarantee OF its success and value, and REM
DER II THE MOST IMP oRTANT AND SUBSTAN-
TIAL RAILROAD ENTERPRISE NOW IN PRO-
GRESS 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 1t 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
| gAia and West Virginia, INSURES AN ENER-
| GETIC, HONORABLE AND SUCCESSFUL MAN
| AGEMENT.
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 terminus on the Ohio
river at, near the mouth OF the Big Sandy river
| 15O miles above Cincinnati, and 800 miles below
| Pittsburg.
Lines are now projected in progress through
Ohio and Kentucky to this point, which will connect
| the CHESAPEAKE AND OHIO WITH THE EN-
| TIRE RAILROAD SYSTEMS OF THE WEST AND
| SOUTHWEST, AND WITH THE PACIFIC RAIL-
ROAD.
| Its valuable franchises and superior advantages
| will place the CHESAPEAKE AND OHIO RAILROAD
| COMPANY among the richest and most powerful
| and trustworthy corporations OF the country; AND
| THERE EXISTS A PRESENT VALUE, IN COM
| PLETED hOAD 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 in
vestors and combine the various features OF conve-
nence, safety, and protection against loss or fraud
| The Bonds are In denominations OF
$1,000, $500, and $IOO.
| They will be Issued as Coupon Bonds payable %
| Bearer, and may be held In that FORM or s..
l. The Bond may be registered in the name OF the
| owner, with the coupons remaining payable to
able 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 transfer
able only on the books OF the Company, and the
interest made payable only to the registered owne
| or his attorney.
The three classes will be known respectively ass
First. "CoUPoN BONDS PAYABLE tt
| BEARER"
Second. "REGIsTERED BONDS WITH COU
PONS ATTACHED" a .H3 ID, 81.
1hard "REGIsTERED BONDS WITH COUPONS
DETACHED" and should be 80 designated by Cor
respondents in specifying the class OF Bonds desired
| They have THIRTY YEARS to run from Januar
| 49, 1870, with interest at ak per cent. per annun
from November l, 1863. PRINCIPAL AND INTKRES
PAYABLE IN GOLD IN THE CITY OF NEW YORK.
The interest is payable in MAY and NOvEMBEH
that it may take the place OF that Of the earle
issues OF Five-Twenties and suit the convenience
| our friends who already hold Central and Wester
Pacific Bonds, with interest," payable In January an
| July, and who may desire, in making additional in
vestMents, TO have their interest receivable at di
| ferent seasons Of the year.
| The Loan is secured by mortgage upon the entir
| Line OF Road from Richmond to the Ohio Rivel
| with the equipment and all other property and al
| purtenances connected Herewith.
A SINKING FUND oE 100000 PER ANNUM is PRO
| vIDED FOR THE REDEMPTION OF THE Bonds, TO TAX
g EFFECT ONE YEAR AFTER THE COMPLETION OF TIL
l. | ROAD.
The mortgage is for sl5 600 s00 OF which 81 OF
o will be reserved and held in trust for the redeml
ton of outstanding Bonds OF the Virginia Cenir
Railroad Company, now merged in the CHEsAPEAK
| AND OHIO.
!. or the remaining 1900, 900, sufficient amour
will be sold to complete the road to the Ohio rive
| perfect and improve the portion now In operatio
and thoroughly equip the whole for large al
10 | active traffic.
The present price is 90 and accrued interest.
Loan so amply secured, so carefully guarde
| and 80 certain hereafter to command promine
ulace among the fsvorite securities in the market
:. both Of this country and Europe, will be at on
~ appreciated and quickly absorbed.
i'd Very respectfully,
FISK 81 HATCH, Bankers.
.-c ~, ~ Avn Avn mon