The Portland daily press., 1870-04-23

Atlantic coast and the magnificent harbors of g
Chesapeake Bay with the Ohio River at point of re-
liable navigation and thus with the entire Railroad
system and water transportation of the great West
and Southwest, forms ihe additional East
and West Trunk Line SO imperatively de-
| manded tor the accommodation OF the immense and
rapidly-growing transportation between the Attain
tic sea-bcard and Europe on the one hand, and the
great producing regions of the Ohio and Mississippi
Valleys on the other.
The Importance Of this ROnd ms n new
into of national consequence and insures to
extensive through traffic from the day OF its compile
ton; WHILE in the development of the extensive az
ricutural 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 local
which demand the completion of the CHESAPEAKE
AND ONO RAILROAD to the Ohio River afford the
surest guarantee OF its and values and rem
| der it the most important and. substantial
| Railroad enterprise 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, insures an energetic,
honorable, and successful management.
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 now partially constructed) to be compile
ted to carry it to the proposed terminus the Ohio
river at, 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 and Ohio with the entire
ssa w sHsisss lie r :s Ysss and South
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 = present value, I'm completed
road and work done, equal 10 the entire
amount of the mortgage.
The details OF the Loan have been arranged with
special reference to the wants of all classes OF invest
or and combine the various features of convenience
safety and protection against loss or fraud.
The Bonds are in denominations of
$1,000, $500, and 800.
| They will be issued as COUPON BONDS, payable tt
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 principal being then transferable
only the books Of the Company unless re-assign-
ed to bearer; or
The coupons may be detached and cancelled the
Bond made permanent Registered Bond, transfer
est made payable only to the registered his
attorney.
Three classes will be known respectively as:
1st. "Coapon Bonds payable -
i Bearer.O
end. s.Resi.scred Bonds with Coupons
attached,
Sd. HRcgisteted Bonds with Coupons
dcta ched,'' and should be 50 designated by cor
respond in specifying the class of Bonds desired.
They have thirty years to run from January 15,
1870 with interest at six per cent per annum from
November 1, 1sc9 Principal and Inte est payable in
GOLD in the City Of Nep YORK.
The interest is payable in MAY and NOVEMBER,
that may take the place of that OF the earlier is
sues of Five -Twenties, and suit the convenience OF
Pacific Bonds, with interest payable in January and
July, and who may desire, in making additional in
vestmens 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, thefewith., -
A Sinking Fund Of 100000 per annum is pro
vid for the redemption Of the Bonds, to take esec
one gear after the completion Of the road.
The mortgage is for $15 900, of which oo
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 $4,000 900. sufficient amour
will be sold to complete the road to the Ohio rive
| perfect and improy, the portion now in operation
and thoroughly equip the whole for large and &C
tive traffic. 20
The present price is 90 and accrued interest.
Loan so amply secured, so carefully guarded
and so certain hereafter to command prominen
place among the favorite securities in the market,
both of this country and Europe, will be at once ap
! preciated and quickly absorbed.
Very respectfully.
FISK &c HATCH, /
Bankers,
p. s.-we have Notwithstanding full
particulars, statistical details, maps, etc, which vii
be furnished upon application.
w-we buy and sell Government Bonds, and re