Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1870-02-22

| rive lcriu Government Bonds, and svaiiabe
to take their place. ........
Assured that, in the selection anI negotiation
Of superior Railroad Loan, VIC arc meeting a
grual public want, and rendering valuable
| servirt-bolh to the holders Of Capital and to
those great National works Of internal i'm
proyement whose intrinsic merit and substan-
tia! character, entitle them to the uso of Capital
and tho confidence of in1ostors-we now offer,
with special confidence and satisfaction, the
FIRST MORTGAGE BONDS
OF THE
Chesapeake and Ohio Railroad Co.
The Chesapeake and Ohio Railroad, connect
ing the Atlantic coast and the magnificent lar
bors of the Chesapeake Bay with tho Ohio Riv-
er at = point Of reliable navigation, and thus,
with tho entire Railroad system and water
trans uorta!on ofthe great West and South west,
forms tie additional East ana West
Trunk Line, so imperatively demanded for
the accommodation Of the immense and rapidly
growing transportation between the Atlantic
soaboard and Europe on the one hand, and the
great producing regions of the Ohio and Mis-.
sssippi Valleys or the other.
The importance of this Road as q
new outlet from the West to the sea
magniEos it into ono Of national consequence,
and insuros 10 it M extensive through traffic
from the day Of ills completion; while. in the
development Of the extensive agricultural and
mineral resources of Virginia and West Vir-
glniA, it possesses. along its own lice, the ele-
ments Of large and profitable local business.
Thus the groat interests, both gen oral and To-
cal which demand the compilation Of the CIIEs-
APEAKE AND OHIO RAILROAD to the Ohio Riv
er afford the surest guarantee OF its success and
value and render it the III Ost important
and substantial Railroad enterprise
now in progress i'll this country.
It's superiority as an East and West route,
and the promise o! al immonso and profitable
trade awaiting its completion, have drawn to 1t
the attention and cooperation Of prominent
Capitalists and Rail- Dad men Of this City, Of
sound judgment and known integrity, whose
connection with it, together with that Of emil
nent citizens and business men of Virginia and
Yves. Virgins, insures an energetic,
honorable and successful manage.
ment.
Tho Road is completed and in operation from
Richmond to the celebrated White Sulphur
Springs Of West Virginia, 227 miles, and there
rorain but 200 miles (now partially construct
ed) to be completed, TO carry it II tho proposed
terminus on tho Ohio river at o. near, tho
mouth of the Big Sandy River, $50 miles above
Cincinnati and $50 miles below Pittsburg.
Lines arc now projected or in progress
,urUugn ONO and Kentucky :" Clio r"i"e'
which will connect tho Chesapeake and ONO
with the entire DAD systems CT tho West
and Southwest, and with tho Pacific Eailroad'
Its valuable franchises and superior adVan-
tages will place the CHEsAPEAKE And On1o
RAILROAD COMPANY among the richest an"
most powerful and trustworthy corporations O.
tho country; and there exists a present Vaue'
in completed road and work done, equal To tho
ontire amount Of the mortgage.
Tho details OF the Loan have been arranged
with special reference to the wants OF all classes
of investo and combine the various features
OF convenience, safety and protection against
loss or fraud.
The Bonds arc in donomi Ii atoms ul
$1,000, $500 and 500.
Thev will be issued as Coupon Bonds, payable
to Bearer, and may be held in that form; or
Tho Bond may BIO registered in the name oil
| the owner with the coupons remaining payao'f
to bearer attached. tho principal being the'
transferable only on tho books OF the Company
unless rcasaigned to bearer; or
The coupons may be detached and cancelleo
tho Bond mado permanent Registered iona
| transferable only on the books of tho Company
and the interest ade payable only to the ro'
gisterod owner or MS attorney
Tho three classes will be known respectively
as
1st. "COUPON BONDS PAYABLE TC
| BEARER"
I'd. "REGIsTERED BONDS WITH CoU
| PONS ATTACHED"
Sd. "REGISTERED BONDS WITH COU
| PONS DETACHED" and should be SD GesIg
Dated by Correspondent il specifying the ella:
Of Bonds dolrcd.
They have THIRTY YEARS t. iun iroT
January Is, 1870, with interest ut six per ccI
per annum from November ], 1869. fElSC'
PAL AND INTEREST PAYABLE IN GOLD IN ii
city Of New York,
The interest is payable in MAY and NovGN
| srr. that it may take the place of that 81 III
|
con vcnience of our friends who already mol
Central and Western Pacific Bonds, with lntc
est. payable in January and July ana WI
may desire, in making additional invcstm ent
to have their interest receivable st different sc
sons Of the year
The Loan is secured by mortgage upon u
entire Line of Road rom Richmond to Inc Oh
River, with the equipment snd al other P iF
erty and appurtens noes connected lhereWi.n'
A Sinking FunEt of 800 600 per Annnnl
provided for the ,ed omption Of the Bonds,
take effect one ye ar after the completion OF u
: Road .L;,
S2,O0n, OC0 will b reserved and held IN trust j.
) tho redemption. OF outstanding Bonds OF u
Virginia Central Railroad Con.pH'y' no
merged in tho CHESAPEAKE AND ONO. =,
OF the remaining Sl3,W0,COO suilcln,
amount @ill BIZ sold to complete the road 10 u
Ohio river. perfect and improve the por','
now in operation, and thoroughly equip l.
| uhuln for q large and Nctiyn traffic.