Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1870-03-11
Chesapeake and Ohio Railroad Co.

The chesapeake and Ohio Railroad, connect
ing the Atlantic coast and the magnificent har-
bors of the Chesapeake Bay with the Ohio Riv-
| er at point Of reliable navigation, and thus,
with the entire Railroad 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
seaDoard and Europe on the one hand, and the
great producing regions Of the Ohio and Mis-
sissppi Valleys on the other.
The Importance of this Road as a
new outlet from the West to tho sea
msgnifcs it into one Of national consequence,
and insures TO it sn extensive through traffic
from the day Of lis completion; while. in the
Development Of the extensive agricultural and
mineral resources Of Virginia and West Vir-
elnia, it possesses, along its own lire, the cle-
ments Of p large and profitable local business.
Thus the great interests, both gen eral and TO-
cal which dcma1d the completion of the Giles
ArEAKE AND OHIO RAILROAD to the Ohio Riv-
or, afford the surest guarantee of its success and
value, and render il the most impO rtant
now in progress i'm this country.
Its superiority Us an East and West route,
and the promise Of an immense and profitable
trade awaiting its compilation, have drawn 10 it
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 snd business men Of Virginia and
West Virginia, insureS an energetic,
honorable and successful manage
ment.
Tho Road is CONF leted and in operation from
Richmond to the Celebrated White sulphur
Springs of West Virginia, 227 miles, and there
remain but 200 miles (now partially construct
ed) 10 DO completed, TO carry it to the proposed
terminus on the Ohio river at, or near the
mouth Of tho Big Sandy River. $50 miles above
Cincinnati, and $50 miles below Pittsburg.
Lines are DOW projected or in progress
through Ohio and Kentucky to this point,
| which will connect the Chesapeake and Ohio
with the entiro EaiE DAD systems of the West
and Southwest, and with the Pacific Railroad.
It, valuable franchises and superior advan-
tages 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,
in completed road and work DONE equal TO the
entire amount Of the m ortgage.
Tho details Of tho Loan havo been arranged
with special reference TO the wants of ali classes
of investors and mbino tho various features
of convenience, safety and protection against
loss or fraud.
Tho Bonds Gre in denominations of
$1,000, $500 and &IOO.
Thew will be issued as Coupon Bonds, payable
to Bearer, and may be held in that form or
The Bond may bo registered in the name of
the owner, with the coupons remaining payable
to bearer attached, tho principal being then
transferable only on the books OF the Company,
unless rcassigned to bearer; or
The coupons may be detached and cancelled
the Bond msdc permanent Registered Bona
transferable only on the books Of tho Company
and the interest made payable only to tho re-
gistered owner or his attorney.
The three classes will be known respectively
| as
1st. COUPON BONDS PAYABLE TO
BEARER"
3D. "REGISTERED BONDS WITH COU'
PONS ATTACHED"
3d. "REGISTERED BONDS WITH COU-
PONS D DETACHED" and should be SO deslg
mated by Correspondents i'll specifying the class
OF Bonds de lred.
THEW have THIRTY YEARS t. run from
January IS. 1870, with interest at SIX per cent
ner annum from November !, 1869. fKIScl'
| DAT AND INTEREST PAYABLE IL GOLD IN The
| city Of New York.
The interest is payable in MAY and NoVEM'
RgR. that it may take the place Of that OF tho
earlier issues Of Fivc.Twcntic:, and suit the
| convenience OF our friend: who already mol
| Central and Western Pacific Bonds, with inter
ost navnble in January AMI July, md who
may desire in masking additional Investments
to have their interest recci7sb!e at different sea
sons Of tho year.
Tho Lo.n is secured by a mortgage upon me
| or,;ro Line of Ro td from Richmond TO the ohio
| p;T.ar With tho enuipmcnt and All other prop
| ortv snd supurtenances connected thcre"ith.
4 SINKING Fund of 800 600 per snnun Is
provided for the radenption OF the bohdS, 10
take effect one year alter the completion oi LIZ
'T Tbo mortgage il for s15,OoOOOl, Of which
2G(g UfO will I've reserved md held IN trust ior
10 redcmntion OF outstanding Bonds OF the
Tiroinia Central Railroad Con1po"H no"
merged in the CHESAPEAKE AED OHIO.
~ OF the e. remaining sl3,W0,OO; suliciert
smnnnt will be sold to complete the road to the
Ohio river, perfect and improve the portion
now in operation. and thoroughly equip thu
whole for large and active traffic.
The present price is 30 aud accrued interest.
A Loan so amply secured, go carefully guard
ed and 90 certain hereafter 10 command :
prominent place among the favorite securitie:
in the markets both OF this Country and hu
rope, will be at once appreciated and quickly
absorbed Very respectfully,
FISK g. HATCH, Bankers.
p. S.-We have issued pamphlets con 'a' u!
Which viii be furnished upon application.
~ We bay and sell Govern mept b ;.ar =