The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1870-03-10
AND
SUCCESSFUL MANAGEMENT.

Tho road Is completed and In operation from
to the celebrated White Sulphur Sprtngs
os West Virginia, 227 miles. and there remain but
200 miles now partially constructed} to be com
pleted 10 carry 1t to the proposed terminus on the
Ohio river ut or near the mouth of the Big Sandy
river. $50 miles above. Cincinnati, and a5o miles
below Pittsburg.
Lines are nov projected or IN progress through
Ohio and Kentucky to this point, which Will con-
meet tho Chesapeake and Ohio with the entire rail-
road systems OF the West and Southwest, and with
The Paclh; railroad.
Its y2lEablc franchises aud superior advantages
place the CHESAPEAKE AND OHIO
RAILROAD COMPANY among the richest and
most powerful and trustworthy corporations OF
the country; ana there exists r 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 re terence to the wants of ell classes OF in
.ycstors, aud combine the various features Of con-
vcnlence, safety. and protection against loss or
The Bonds are In denominations OF
$1,000, $500, aud 800.
They viii be Issued as Coupon Bonds. payable
TO bearer. and may be held IN that form or
The Bond may be registered in the name OF the
with the coupons remaining payable to
bearer attached. the principal being then transfer"
able only ON tic books OF the company, unless re-
assigned to bearer or
The Coupons may be detached andrcancelled, the
Bond made q permanent Registered Bond, trans
fcrablc only on the books OF the Company, and
the interest made payable only to The registered
or his attorney.
Tie three classes will be known respectively as {:
l,t. Coupon Bonds payable to bearer"
ID. Unregistered Bonds with Coupons alta ched-"
Sd. "Registered Bonds with Coupons dctach-
should be 50 designated by correspondents in
the class OF Bonds desired.
They he vc thirty years to run from January Is,
1870, with interest at six per cent. per annuln from
/, 1859. Principal and Interest paya-
IN gold In the city OF New York.
The interest is payable In May and November
that 1t may take the place Of that Of the earlier
issues OF Five-Twenties, and suit the convenience
Of our friends who already hold Central and West
ern Pacific bonds, with interest payable In Janu-
airy and July, and who may de sire, In making adj
dItional investments, TO have their interest re
ceiyable at different scasons Of the year.
The loan.is secured BY a mortgage upon the en-
tire line Of road from Richmond to the Ohio river,
with the equipment and al other property and
appnrteuances connected Herewith.
A sinking fund of 500, 900 per annum is provided
for the redemption of the bonds, to take effect one
year after the completion OF the rosd.
The mortgage is for $ls, coo ,0Oe, Of which 81, GOO,
900 VIII be reserved and held IN trust Tor the re-
,icmption Of outstanding bonds OF the Virginia
Central Railroad Company. now merged In the
Chesapeake and Ohio.
of.he remaining sla, 900, 900, a sufficient amount
will be sold to complete the road to tho Ohio river,
perfec. and improve the portion now IN operation,
and thoroughly equip the Whole for a large and
active traffic.
The present price f. 20 anu accrued interest.
A loan SO amply secured SO carefully guarded,
Huu SO SCE OH ilCkNNAtSk " % u iiC
place among the favorite securities In the mar
kets, both of this country anu Europe, viii be ut
once appreciated and quickly absorbed.
Very respectfully,
FISK 4 HATCH, Bankers.
p. s.-we have Issued pamphlets containing
full par.lcu,srs, statistical details, maps, ETC.,
which viii be furnished upon application.
we buy and sell Government Bonds, and receive
the Accounts OF Banks, Bankers, Corporations
and others, subject to check at sight, and allowi :
tcrest on dauy balances.
DAVENPORT 4 CO., stock Brokers
No. llos Main street, Richmonei
Agents Tor sale Of Bends IN YiSsta!A
70 ss-sAWe2