Bedford inquirer. [volume] (Bedford, Pa.) 1857-1884, 1870-02-25
FIRST MORTGAGE BONDS
OF THE
Chesapeake and Ohio Railroad Company
THE


Chesapeake and Ohio Railroad Company
The Chesapeake AMI Ohio Railroad, connecting
the Atlantic coast and the magnificent harbors
Of the Chesapeake Bay with the Ohio River a. :
point # 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
LINES, SO imperatively demanded for the ac-
eommodati0n Of the immense and rapidIy-grow-
ing transportation between the Atlantic seaboard
and Europe on the 1-e hand, and the great pro-
dueing regions of the Ohio and Mississippi Val
leys on the other.
THE IMPORTANCE OF THIS ROAD AS
A NEW OUTLET FROM THE WEST TO THE
SEA magniaes it into one Irrational consequences.
and insures to it an extensive through traffic
from the day Of its completion; white, in the de-
velopment Of the extensive agricultural and min
eral 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 If the CHESAPEAKE
AND ONO RAILROAD to the Ohio River. afford
the sgrest 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-
ment and known integrity, whose connection with
it. together with that Of eminent citizens and bus
mess men Of Virginia and West Virginia, IN.
sUREs AN ENERGETIC, HONORABLE and
SUCCESSFUL MANAGEMENT.
The Road is completed and in operation from
Richmond to the celebrated White Sulphur
Springs Of West Virginia, 227 miles, and there
remain but geo miles (now partially consiraoted)
to be completed, to carry it to the proposed ter
minus on the Ohio river, at, or near, the mouth
q the Big Sandy river, l5e miles above cinein-
natl and $50 miles below Pittsburgh
Lines are now projected or in progress through
Ohio and Kentucky to this point which viii 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 adyanta-
ges viii place the CHEsAPEAKE AND ONO Rail-
RoAD CoyPASY among the richest and 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 60 the wants Of all classes
Of investors, 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, payGbis
10 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
ferabIe 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 the books Of the Company,
and the interest made payable only to the regis
tered owner or his attorney.
The three classes viii be known respectively as
LIST. COUPON BONDS PAYABLE TO
BEARER"
2nd. aREGIsTERED BONDS WITH COZ
PoNs ATTACHED"
3rd. REGISTERED BONDS WITH cot
PoNS DETACHED and should be so designa-
ted by Correspondents in specifying the class Of
Bonds desired.
They have THIRTY YEARS 70 run from jan
uary Is, 1870, with interest at siA per cent per
annum from November 1, 1879, PRINCIPAL and
INTEREST PAYABLE IN GOLD IN THE
CITY OF NEW YORK.
The interest is payable in May and November,
that it 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 reeeva
ble 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 appurtenances connected herewith.
A SINKING FUND OF SI0o,oo0 PER AN
NUN Is PROVIDED FOR THE REDEMP-
TIoN OF THE BONDS, TO TAKE EFFECT
ONE YEAR AFTER THE COMPLETION OF
THE ROAD.
The mortgage is for sl5,ooO,OOo of which So
100000 viii be reserved and held in trust for the
redemption Of outstanding Bonds ofthe FirgiaiG
Central Railroad Company, now merged in the
CHEsAPEAKE AND ONO.
Of the remaining SI3,Ooo,0o0, = sufficient
amount will be sold to complete the road to the
Chic river, perfect and improve the portion now
in operation, and thoroughly equip the whole for
large and active traffic
The present price Is 90 and accrued interest.
Loan 50 amply secured, so carefully guarded,
and so certain hereafter to command prominent
place among the favorire securities in the mar
kets, both of this Country and Europe, win be at
once appreciated snd quickly absorbed
Very respectfully,
FISK & HATCH,
Bankers.
P.s.-we have issued pamphlets containing