Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1870-04-14
FIRST MORTGAGE BONDS OF THE CHEs
APEAKE AND OHIO RAILROAD
COMPANY.
COMPANY.


COMPANY.
The Chesapeake and Ohio Railroad, connecting
the Atlantic coast and the magnificent harboEs Of
the Chesapeake Bay with the ONO RIVER al 2
point of reliable navigation, and thus, with the
entire Railroad system and water trans 2ortatlon
of the great West and Southwest, FORMS THE
ADDITIONAL EAST AND WEST TRUNK
LINE. go irnperativeiy demanded for the accom-
mediation of the immense and rapidly-groV ing
TRANSFORMATION between the Atlantic 81 aboard
and Europe On the one hand, and the great pro-
ducing regions of the Ohio and u ssissippi Val
Ieys on they other.
The Importance Of this Road az a new outlet
from the West 20 the sea magnifies il into one Of
national consequence, and insures TO If an extsn-
sive Though traffic from the day of its compile
ton; while, in the development Of the extensive
agricultural and mineral resources Of Virginia
and west-VirgUIa, it possesses, along its Dan
line. the eleme nts of large and profitable local
business.
Thus the great interests, both general and 10
cal, which demand the completion of the Chess-
Y,
ford the surest guarantee of its success and value
and render it The most important and substantial
Railroad enterprise now IN progress in this coun-
try.
Its superiority as an East and West route, and
the promise Of an immense and profitable trade
awaiting its completion, have drawn to it the at
tention and cooperation OF prominent Capitalists
III
ment and known integrity, whose connection
with it, together with that Of eminent citizens
and business men of Virginia and West iTgiria,
lnsures an energetic, honorable, and suece -sfui
management.
The Road 8 completed aud IN operation iron
Richmond to the celebrated White Sulphur
Springs of West-Virginia, 227 miles and there
remain but 200 miles nov partially constructed.
to be completed, TO carry it TO the proposed ter
minus on the Ohio river at or near, the mou'b Of
the Big Sandy river, $50 miles above Cincinnati.
and $50 miles below Pittsburg.
Lines are nov projected or in progress through
Ohio and Kentucky to this point, which viii con-
meet the Chesapeake and Ohio with the entire
railroad systems OF LDe w esl db0 SOUTHWEST
and with the Pacific Railroad.
Its valuable franchises ana superior sdvanta-
ges 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
road and work done, equal to the entire amount
Of the mortgage.
The details Of the Loan have bee, arranged
with special reference to the want Of al classes
of investors, and combine the v.AzsOus features
convenience, safety, and procession against gss
or fraud.
The Bonds are IL denominations. Of
$1,000, 5000 ana 500.
rhey VIII 1s issued as Coupon Boz adj. pAyzbi.
to hsaE4., and may be held in tha'. foT7n; OF.
The Bond may be registers. in the name OF IL
owner, with the coupons .e4nainirg uayabIs f.
bearer attached, the prin' .ipaI being then trans
ferable only on the book / Of the Company, unless
re-assigned to bearer; or
The coupons ma s be detached and cancelled
the Bond made permanen: Registered Bond
transferable o. ally on the books Of the Company
and the inte' est made payable only 10 the regis
tered owner. or his attorney.
The thrse classes will be known respectively a.
LIST. '-Cow2on Bonds payable to bearer"
ID. ''Registered PONDS with Coupons ATTACHED
3D. Registered Bonds with Coupons detached,
and should be so designated by Correspondent 10
| specifying the class of Bends desired.
They have Thirty years to run from January
IS, 1870, with interest at six per cent Per aunum
from November /, 1868. Principal and interes-
payable 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 eaTlisi
issues 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 nay desire, in max
ing additional investments TO have their interest
receivable at different seasons Of the year.
The Loan is secured by a mortgage up9u The
Ientire Line of Road from Richmond TO the Ohio
he
and appurtenances connected Herewith.
A Sinking Fund Of 800, 600 per annum Is pc
yided for the redemption of the Bonds, TO take
effect one year after the completion Of the Roal
The mortgage is for sI5,OOO,0CO, Of which g,
600 900 will be reserved and held in trust for tbs
redemption Of outstanding Bonds Of the Virgins
Central Railroad Company, now merged IN lie
Chesapeake and Ohio.
OF the remaining $4,000, 900, q ~ ascfr
amount viii be sold to complete the roa q 10 IT,
Chic river, perfect and improve the por eion DcT
in operation, and thoroughly equip the whole f.
large and active traffic
The present price is 90 and accrue Interest.
a Loan so amply secured, so care fully GUARDED
| and so certain hereafter to comu and a pTOrl-
nent place among the fassrite securities in tbs
markets, both of this Country and Europe, VII
be at once appreciated and quickly absorbed
Very respectfully,
FISK & HATCH,
BankeTs'
7. S.-We have issued pamphlets containing