The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1870-02-21
FIRST MORTGAGE BONDS
OF THE
Chesapeake and Ohio Railroad Co.
OF rHK


The Chesapeake and Ohio Railroad, connecting the
Atlantic coast and the magnificent harbors OF the
Chesapeake Bay with the Ohio River at q point OF
reliable navigation and thus, with the entire Rail
road system and water transportation OF the great
West and Southwest, FORMS THE ADDITIONAL
EAST AND WEST TRUNK LINE so imperatyeiy
demanded for the accommodation OF the immense
and rapidly growing transportation between the
Atlantic seaboard and Europe on the one hand and
the great producing regions of the Ohio and Missls-
sppi Valleys on the other.
THE IMPORTANCE OF THIS ROAD AS A NEW
OUTLET FROM THE WEST TO THE SEA mag
nifes 1t into one OF national consequence, and in
sures to 1t extensive through traffic from the dag
OF its completion; while In the development of the
extensive agricultural and mineral resources OF vir-
gnta and West Virginia II possesses, along 1t own
line, the elements OF large and profitable local
| business. f
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 success and value and REM
| DER 1T THE MOST IMP oRTANT AND sUBSTAN-
| TIAL RAILROAD ENTERPRISE NOW IN PRO-
| GRESS IN THIS COUNTRY.
Its superiority 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 ENER
| GETIC, HONORABLE, AND SUCCESSFUL MAN
| AGEMENT.
The Road Is completed and in operation from
| Richmond to the celebrated White Sulphur Springs
OF West Virginia. 22T miles, and there remain but 200
| miles (now partially cOnstructed) to be COMPLETED
| to carry 1t to the proposed terminus on the Ohio
river at, or near, the mouth of the Big Sandy river
100 miles above Cincinnati, and $50 miles below
Pitsburg.
Lines are now projected in progress through
Ohio and Kentucky to this point, which will connect
the CHESAPEAKE AND OHIO WITH THE EN-
| TIRE RAILROAD SYSTEMS OF THE WEST AND
| SOUTHWEST, AND WITH THE PACIFIC RAIL-
ROAD
It's 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 A PRESENT VALUE, IN COM
PLETED hOAD 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 OF in
yestors, and combine the various features of conve-
nence safety, and protection against loss or fraud
The Bonds are In denominations OF
$1,000, $500, and $IOO.
They will be issued as Coupon Bonds paya6k Z.
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 transfer
able 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, transfer
able only ON the books OF the Company and the
interest made payable only to the registered owner
or his attorney
The three classes viii be known respectively as -
First. "COUPoN BONDS PAYABLE TO
, BEARER"
Second "REGIsTERED BONDS WITH CoU
PONS ATTACHED"
Third. "REGIeTERED BONDS WITH COUPONS
DETACHED" and should be 30 designated by Cor
respondents in specifying the class OF Bonds desired
They have THIRTY YEARS to run from January
IS, 1870 with interest at Blk per cent per annum
(, from November 1, 1863. PRINCIPAL AND ISTsREs,
PAYABLE IN GOLD IN THE CITY OF NEW YORK.
The interest Is payable Ia MAY and NOVEMBER
that it may take the place OF that OF the earlier
issues OF Five-Twentes 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 additional in
" vestments to have their interest receivable at diff
ferent 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 ap
! purtenances connected Herewith
A SINKING FUND OF 100000 PER ANNUM is PRO
VIDED FOR THE REDEMPTIoN OF THE BONDS, TO TAKE
RFPEcT ONE YEAR AFTER THE COMPLETION or THE
ROAD.
The mortgage for s5,OOOo oOO OF which s2 900 ooC
will be reserved and held in trust for the redemp
!. ton OF outstanding Bonds of the Virginia Contra
Railroad Company nov merged in the CHEsAPEAKI
AND OHIO.
or the remaining s1sOOO,eOO, o sufficient amoun
will be sold to complete the road to the Ohio river
perfect and improve the portion now in operation
and thoroughly equip the whole for a large anC
active traflc.
The present price is 90 and accrued interest.
A Loan so amply secured, 30 carefully guarded
. and so certain hereafter TO command prominent
place among the fayorite securities in the markets
both OF this country and Europe, will be at once
appreciated and quickly absorbed.
Very respectfully,
FISK Il HATCH, Bankers.