The Portland daily press., 1870-03-12


rinsc merit and substantial character entitle them
10 the use of Capital and the confidence OF investors
we now offer with special confidence and satsfac-
ton the
FIRST MORTGAGE BONDS
Chesapeake aid Ohio Railroad Company.
The Chesapeake and Ohio Railroad, connecting the
Atlantic coast and the magnificent harbors OF the
Chesapeake Bay with the Ohio River at point Of
liable navigation, and thus with the entire Railroad
and South west, forms the additional East
md wcst Trunk Line, so imperatively de-
manded Tor the accommodation OF the immense and
rapidly-growlng transportation between the Attain
tic sea-bcard and Europe on the ono hand, and the
great producing regions Of the OHIO and Mississippi
Valleys on the other
The Importance of this Road ms a new
outlet from the West 10 the sea magnlnss il
into of national consequence ard insurss to 1t
extensive through traffic from the day OF It's eompse
ton; hIe in the development OF the extensive az
ricultufal and mineral resources OF Virginia and
west-vrgInla, it possesses along Its own line. the
elements of large and profitable local business.
Thus the great interests. both general aud local.
which demand the compilation OF the cuEuPEAxr
AND ONO RAILROAD to the Ohio River. aaoTd the
surest guarantee OF It's aad vaiu' and rem
der 10 the most Important md substantial
Railroad esierpri.s now q. psssres. q.
THE Ceuatry.
Its superiority an East and West route. and the
promise Of an immense and profitable trade await
Ing Its completion, have drawn to 10 the attention
and cooperation OF prominent Capitalists and Rail-
road men of this City OF sound Judgment and known
integrity whose connection with IL. together with
that Of eminent citizens and business men OF VIZ
ginla and west-virginIa, Insnres an energetic,
hon~rabie, and sseeessfal mana cement.
The Road is completed and In operation nom
Richmond to the celebrated White Sulphur Springs
OF west-yirsnia, 22z miles. aud there remain but
200 miles tnow partially cons,ruetedI to be compile
ted to carry it to the proposed terminus the Ohio
river at near, the mouth OF the Big Sandy river.
$50 miles above Cincinnati, $50 miles below Pitts
burg.
Lines are now projected or In progress through
Ohio and Kentucky to this point, which will connect
the Chesapeake and Ohio with the entire
Railroad systems Of the wess and South
west. and with the Paciac Railroad.
Its 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 . present value, In completed
read 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 invest
ors, 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, payable to
Bearer. andmay be held in that form or
The Bond may be registered in the name OF tlhe
owner, with the coupons remaining payable to be.u-
er attached, the principal being then transferable
only on the books OF the Company, unless re-assgn
ed to bearer; or
The coupons may be detached and cancelled. the
Bond made a permanent Registered Bond, transfer
able only the books of accompany and the inter
est made payable only to the registered owner or his
attorney.
Three classes will be known respectively as:
1a "Coupon Bonds payable 70
Bearer.o
2nd. s'Resistered Bond. with Coups.s
attnched.v
Sd. "Registcted Bonds with Coupons
and should be so designated by cor
respondents in specifying the class of Bonds desired
They have ihirsy years to run from January Is,
$780, with interest at six per cent per annum from
November I, 1869, Principal and Interest payable.
GOLD in the City Of Nep York.
The interest is payable in MAY and NOVEMBER,
that it may take the place of that of the earlier Is
sues 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 additional Iu-
vestmens, to have their interest receivable at dif
emit seasons of the year.
The Loan is secured by mortgage upon the en-
tire line OF road from Richmond to the Ohio River,
with the equipment and all other property and an,
purtenances connected Herewith.
Il Sinking Fund Of 100000 per annum 10 pro
''d DIOR the redemption Of the Bonds, to take eject
me year after the completion Of the road.
The mortgage is for $4,000 oOo of which 900
will be reserved and held in trust for the redemp-
ion OF outstanding Bonds OF the Virginia Central
Railroad Company, now merged in the CursA.
FAKE AND ONO.
OF the remaining $4,000, 900. sufficient amount
will be sold to complete the road to the Ohio rive,
erfect and improve the portion now in operation
nd thoroughly equip the whole for a large and nc.
i've traffic. -
The present price is 90 and accrued interest.
A Loan so amply secured, so carefully guarded
nd so certain hereafter to command q prominent
lace among the favorite securities in the markets,
9th of this country aud Europe, win be at once APP
reciated and quickly absorbed.
Very respectfully,
FISK & HATCH,