Bedford inquirer. [volume] (Bedford, Pa.) 1857-1884, 1870-04-01

and available to take their place.
Assured that, in the selection ond negotiation
Of superior Railroad Loans, we are meeting a
great public want, and rendering valuable ser
yiee--both to the holders of Capital and to those
great National works Of internal Improvement
whose intrinsic merit and substantial character
entidc them to the use Of Capital and the conf
denee Of investors-rc now offer with special con
dence and satisfaction the
FIRST MORTGAGE BONDS
or gHE
/ Chesapeake and Ohio Railroad Company.
The Chesapeake ana Ohio Railroad, connecting
the Atlantic coast and the magnificent harbors
of the Chesapeake Bay with the Chic River at a
point of reliable navigation, and thus. with the
entire Railroa system snd water transportation
Of the great West and Southwest, FORMS THE
ADDITIONAL EAST AND WEST TRUNK
LINES, SO imperatively 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
Ieys on the other
TIE IMPORTANCE OF THIS ROAD as
a NEW OUTLET FROM THE WEST TO THE
SEA magniaes it into one ofnational consequence,
and insures to it an extensive through traffic
from the day of its completion; while, in the de-
velopment o the extensive agricultural and min
eral resources Of Virginia and West-yirgiuia, it
possesses, along its own line, the elements of a
large and profitable loel business.
Thus the great interests, both general and local,
which demand the completion of the cnnsAprAkr
AsD ONO RAnRoAD to the Ohio River. AFFORD
the sareat 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-
Incnt and known integrity, whose connection with
it, together with that Of eminent citizens and bus
mess men Of yirginia and West Virginia, IN
sUBEs AN ENERGETIC, HONORABLE and
SUCCESSFUL MANAGEMENT.
The Road is completed and in operation from
Richmond to the celebrated White Sulphur
Springs of West Virginia, or miles, and there
remain but zoe miles (now partially oonstructcd)
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 Cinciu-
natl, and $50 miles below Pittsburgh
Lines arc now-proieetei or in progress through
Ohio and Kentucky to this point which will con-
meet the CHESAPEAKE AND OHIO WITH
THE ENTIRE RAILROAD SYSTEMS OF
THE WEST AND SOUTHWEST, AND WITH
/ THE PACIFIC RAILROAD.
Its valuable franchises and superior advanta-
ges viii place the CHESAPEAKE AND ONO RAN
! Roam CourASY among the richest ana 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
I
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, payaJls
70 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 tho books Of the Company,
and the interest made payable only to the regis
tered owner or his attorney.
The three classes will be known respectively as
Ist. COUPON BONDS PAYABLE TO
BEARER"
2nd. "REGIsTERED BONDS WITH CoU-
PoNS ATTACHED"
3rd. "REGIsTEBED BONDS WITH CoU-
PoNs DETACHED and should be so designa-
ted by Correspondence il specifying the class of
Bonds desired.
They have THIRTY YEARS 70 run from jan
uary 70, 1879, with interest at six per cent per
annum from November l, 1879, PRINCIPAL and
INTEREST PAYABLE IN GOLD IN THE
CITY OF NEW YORK.
The interest IS payable in May and November,
that may take the place Of the earlier issues Of
Five-Twenties, and suit the convenience of our
friends who already hold Central and Western
Pacific Bonds, with interest payable in January
and July, and who may desire, in making addi-
tional Investments, to have their interest receiva
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 apPurtenanees connected therewith.
a SINKING FUND OF 100000 PER AN
1 Nun is PROVIDED FOR THE REDEafp-
TI0N OF THE BONDS, To TAKE EFFECT
ONE YEAR AFTER THE COMPLETION OF
/ THE ROAD.
The mortgage Is ior SI5o00 600 of which S.
100000 viii be reserved and held in trust for the
redemption Of outstanding Bonds Of the Vfrqinia
Central Raiyrood Company, now merged in the
CHESAPEAKE AND OHto.
OF tho remaining sI3,OO0,0 GOO, sufficient
amount win be sold TO complete the road to the
Ohio river, perfect and improve the portion now