Litchfield enquirer., 1870-03-03

improvement whose intrinsic merit and sub stahtial character entitle them to the use of Capital and the confidence of invest tors we now offer with special confidence and satistac ton the
 FIRST MORTGAGE BONDS
 OF THE
 Chesapeake and Ohio Railroad Company.
 Phe Chesapeake and Ohio Railroad connects the Atlantic coast and the magnificent harbors Of the Chesapeake Bay with the Ohio River at point of reliable navigation, and thus, with the entire Railroad system and wa ter transportation of the great west and south west, forms the additional east and west trunk line, so imperatively demanded for the accom- notation of the immense and rapidly rowing transportation tl between the Atlantic seaboard and Europe on tho one hand, and 'ths great producing regions of the Ohio and Mississippi Valleys on the other.
 The importance of this road as a new outlet from the West to the Sea magnifes it into one of national consequence, and insures to it all xtensive through traffic from the day of its completion; while in the development of tile extensive agricultural 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 Ohio Railroad to the Ohio River. afford the sursst guarantee ofits success and value. and render it the most important and substantial Rail- road enterprise now in progress In this Coan- try.
 Its superiority as an East and West route. and the promise of au immense and profitable trade awaiting its completion, have drawn to it the attention and co cooperation of prominent Capitalists and Railroad men of this city of sound judgment and known integrity, whose connection with it, together with that of emil nent citizens md business men of Vir. ginia and West Virginia. insures an en- ergetic, honorable, and successful management
 The Road Is completed and in operation from Richmond to the celebrated White Sul- phur Springs of West Virginia, 227 miles, and there remain but 200 miles (now partially constructed) to be completed, to carry it to the proposed terminus on the Ohio river at, or near, the mouth of the Big Sandy River, l5O miles above Cincinnati, and $50 miles below Pittsburg.
 Lines are now projected or, In progress through Ohio and Kentucky to this point, which will connect the Chesapeake and Ohio Railroad systems of the West and Southwest, with the Pacific Railroad.
 Its valuable franchises and superior advan- tages will place the Chesapeake and Ohio Railroad Company among the richest and most powerful and trustworthy corporations of the country; and there exists present val ue, 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 to the wants ofall class. es of investors, and combine the various fea- lures of convenience, safety, and protection against loss or fraud.
 The Bonds are in denominations of 5000, $500, and slOO.
 They will be issued as Coupon Bonds, paya- ble to Bearer. and may bs held in that form; or,
 The Bond may be registered in the name of the owner with the coupons remaining paya- ble to bearer attached, the principal being then transferable only on the Company books, unless re assigned to bearer; or
 The Coupons may be detached and cancelled, the bond may be permanent registered bond, transferable only on the books of the Company, and the interest made payable only to the reg istered owner or his attorney.
 The three classes will be known respectively as:
 1st. Coupon Bonds payable to Bearer"
 2d Registered Bonds with Coupons attach ed."
 Sd. Registered Bonds with Coupons de- tached.'' and should be 50 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 an- nun from Nov. l, 1869. Principal and interest payable in gold in the city of New York.
 The interest is payable in May and Novem- ter, that 1t may take the place of that of the earlier issues of Five-twenties, and suit the of our friends who already hold Central and Western Pacific Bonds. with In. terest payable in January and July, and who may desire, in making additional investments. to have their interest receivable at different seasons of the year.
 The Loan Is secured by Q mortgage upon the entire line of Road from Richmond to the Ohio River, with the equipment and all othcr property and appurtenances connected there with.
 Sinking Fund of sl0O, ,0oO per annum Is provided for the redemption of the Bonds, to take effect one year after the completion of the Road.
 The mortgage Is for $l5, 900. 900. of which $2, ,OOO, 900 will be reserved and held In tf ust for the redemption of outstanding Bonds of the Virginia Central Railroad Company, nov merged in the Chesapeake and Ohio.
 ot the remaining $lS.O00, 900, . sufficient amount 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 large and active traffi c
 The present price Is 90 and accrued interest.
 A Loan SO amply secured. 90 carefully guar dsd. and so certain hereafter to command . prominent place among the favorite securities m the markets. both of this Country and Eu- rope. will be at once appreciated and quickly absorbed Very respectfully,
 f FISK & HATCH, Bankers.
 Ia hawx LA. A..