The Portland daily press., 1870-04-14

system end water transportation of the great West
and Southwest, forms the additional East
and West Trunk Line, so imperatively de-
manded for the accommodation of the immense and
rapidly-growing transportation between the Allan
tic sea-bcard and Europe on the one hand, and the
great producing regions the OHIO and Mississippi
Valleys on the other
The Importance of this Road ms n new
outlet from the West 10 the sea magniaes it
into of national consequence and insures to IL an
extensive through traffic from the day OF its compile
ricutural and mineral resources OF Virginia and
West-virginia, it possesses, along its own line, the
elements of a large and profitable local business.
Thus the great interests, both general and local
which demand the completion Of the CHESAPEAKE
AND ONO RAILROAD to the Ohio River, afford the
guarantee OF its success and value and rem
der IL the most Important and substantial
Railroad enterprise now in progress in
this Country.
Its superiority as 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-vrgina, insures an energetic,
honorable, .nd successfal mann cement.
The Road is completed and in operation from
Richmond to the celebrated White Sulphur Springs
of West vireinia, 2a7 miles, and there remain but
200 miles now partially constructed) to be compile
ted to carry it to the proposed terminus on 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 md Ohio with the entire
Railroad systems Of the West and South
west. and with the Pnciac RniIrond.
Its valuable franchises and superior advantages
will place the CHESAPEAKE AND ONO RAILROAD
COMPANY among the richest and most powerful and
trustworthy corporations of tho country; and
there exists q present value, In completed
read and work done, equal 20 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 venieuce
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.
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 bear
er attached, the principal being then transferable
only on the books of the Company unless re-assign-
ed to bearer; or
The coupons may be detached and cancelled the
Bond made permanent Registered Bond, transfer
able only the books of theCompany and the inter-
est made payable only to the registered owner or his
attorney.
Three classes will be known respectively as:
1ss. "Coupon Bonds payable 10
Bearcr.o
Snd. '.Regi.icred Bonds with Coupons
attached,
3D. "Resisteted Bonds with Coupons
deiached,s and should be so designated By cor.
respondents in specifying the class of Bonds desired
They have thirty years TO run from January IS,
1870 with interest at six per cent per annum from
November $780, Principal and Int, est payable in
GOLD in the City Of NeV York.
The interest is payable in MAY and NOVEMBER,
that may take the place of that OF the earlier is
sues of Five -Twentes, and suit the convenience or
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
vsstmens to have their interest receivable at differ
emit seasons of the year.
The Loan is secured by a mortgage u,on the en-
tire line of road from Richmond 10 the Ohio River.
with the equipment and all other property and ap-
purtenances connected Herewith.
Il Sinking Fund Of 100000 per annum is pro-
rid dior the redemption Of the Bonds, to take effect
one year after the completion Of the road
The mortgage is for $3.50 900, of which 50 900
will be reserved and held in trust for the redemp
ton OF outstanding Bonds OF the Virginia Central
Railroad Company, now merged in the CuEsA-
PEAKE AND oHIo
OF the remaining $4,000, 900. sufficient amount
will be sold to complete the road to the Ohio r;uo,
perfect and improv the portion now in operation
and thoroughly equip tho whole for large and nc.
tive traffic.
The present price is 90 and accrued interest.
Loan 50 amply secured, so carefully guarded
and so certain hereafter to command a prominent
place among the favorite securities in the m,rkets
both Of this country and Europe, will lie at once 40
preciated and quickly absorbed.
Very respectfully,
FISK &a HATCH,
Bankers,
p. s-we hive ACKNOWLEDGEMENTS full
statistical Details mar etc, which will
,e furnished upon applieation.j
ay-we buy and sell Government Bonds. and re-
Give the accounts OF Banks, Bankers, Corporation,
IN