The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1870-03-11

place.
Assured that, in the selection and negotiation of
superior Railroad Loans, we are meeting great
public want, and rendering valuable service
both to the holders of Capital and to those great
National works of internal improvement whose in
trinsc merit and substantial character entle them
TO the use of Capital and the confidence Ct investors
I'VE now offer with special confidence and sat'sfac.
ton the
FIRST MORTGAGE BONDS
OF THE
Chesapeake sad Ohio Railroad Company.
The Chesapeake and Ohio Railroad, connecting the
Atlantic coast and the magnificent harbors OF the
Chesapeake Bay with the Oho River at point OF re-
| liable navigation, and thus, with the entire Railroad
system nd 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
rapdly-growing transportation between the Allan
tic sea-bcard and Europe on the one hand, and the
great producing regions of the OHIO and Mississippi
Valleys on the other.
The Importance Of this Road ns IA new
outlet from the West to the sea magnfes it
into one of national consequence and nsures to it an
extensive through traffic from the day OF its compile
ton; while, in the development OF The extensive ag-
ricnltural and mineral resources OF Virginia and
West-Virginia it possesses along its own line, the
elements of 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
surest guarantee OF its success and value, and rem
der 1t the most important and. substantial
Railroad enterprise now in progress In
this Country.
Its superiority as an 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 nm energetic,
honorable, and successful mana cement.
The Road is completed and in operation from
Richmond to the celebrated White Sulphur Springs
of West-virsinia, 227 miles, and there remain but
2oo miles (now partially eonsructed) to be compile
ted to carry it to the proposed terminus on the Ohio
river at or near, the mouth OF the Big Sandy river
$50 miles above Cincinnati $50 miles below Pitts
burg.
Lines are now projected OF in progress through
Ohio and Kentucky to this point, which will connect
the Chesapeake md Ohio " 18th the entire
Railroad systems Of the West and South
west. and with the Pacific Railroad.
Its valuable franchises and superior advantages
will place the CHESAPEAKE AND ONO RAILROAD
COMPANY among the richest and most powerful and
trustworthy corporations of the country; and
there exists n prescnt value, i'm completed
road and work done, equal TO she 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 s10O
They will be issued as COUPON BoSDs, payable to
Bearer and may be held in that form; or
The Bond may he 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-asssn-
ed to bearer; or
The coupons may be detached and cancelled. the
Bond made permanent Registered Bond transfer
able only on the books of theCompany and the inter-
est made payable only to the registered owner or his
attorney
Ihree classes will be known respectively as:
lat. "Coupon Bonds payable TO
Bearer.o
2nd. sRegistcred Bonds with Coupons
nttached.o
Sd. "Resistcted Bonds with Coupons
ae'ached," 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 I, 1sc9 Principal and Int, est payable in
GOLD in the City Of New York.
The interest is payable in MAY and NOVEMBER,
that may take the place of that Of the earlier Is
Of Five -Twenties 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
W udVe Tece1vaOle at
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 APP
purtenances connected Herewith.
Il Sinking Fund Of 500 900 per annum is pro-
cid dior the redemption Of the Bonds TO take effect
one year after the completion Of the road.
The mortgage is for $15 900 900, Of which So 900
will be reserved and held in trust for the redemp
tion OF outstanding Bonds of the Virginia Central
Railroad Company, now merged in the CHEsA.