Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1870-02-25


of superior Railroad Loans, we are meeting n
croat public want, and rendering valuable
servicc-boLh to tn holders of Capital and to
those great National works Of internal in-
provement whose intrinsic merit and subatan-
tiAl character, entite them to the use of Capital
| and the confidence of investors-we now offer,
with special confidence and satisfaction, the
FIRST MORTGAGE BONDS
| OF THE
Chesapeake and Ohio Railroad Co.
| The chesapeake and Ohio Rdiiroud connect
| in the Atlantic coast and the magnificent har-
| bors Of the Chesa peake Bay with the Ohio Riv
err at o point Of reliable navigation, and thus,
with the entire Railroad system and water
| transportation ofthe great West and Southwest,
forms the additional East and West
Trunk Line, so peratively demanded for
tho accommodation of tho immense and rapidly
growing transportation between the Atlantic
sesDoard and Europe on tho ono hand, and the
great producing regions of the Ohio and Nils.
sissippi Valleys on the other.
The Importance Of This Road as IL
new outlet from the West TO the sea
magniios it into one Of national consequence,
and insurDs TO it An extensive through traffic
from the day of its completion while. in the
developement of the extensive agricultural and
mineral resources of Virginia and West Vir-
.lnia, it possesses, along liz own lire, the ee-
| ments of a largo and profitable local business
| Thus the great interests, both ger eral and 10.
| cal, which demand the compilation OF tho Giles
| APEAKE AND OHIO RAILROAD TO tho Ohio XIV
er afford the surest guarantee of its success and
value, and render it the most important
| and substantial Railroad enterprise
| now in progress in This country.
It's superiority as an East and West route,
and the promise Of an immense and profitable
trade awaiting its completion, have drawn to it
the attention and cooperation of prominent
Capitalists and Rsil DAD mon of this City, OF
sound judgment and known integrity, whose
connection with it, together with that of emil
nent citizens end business men of Virginia and
West Virginia. insureS an energetic,
honorable and successful manage
menf
The Road is completed and iii operation from
Richmond TO tho celebrated White Sulphur
Springs OF West Nirginia. 227 miles, and thero
remain but 200 miles (now partially construct
ed) to be completed to carry it TO tho proposed
terminus on the Ohio river ~, or near, the
mouth of the Big Sandy River, $50 miles above
Cincinnati, and $50 miles below Pittsburg.
Limos are now projected or in progress
through Ohio and Kentucky to this point,
which will connect the Chesapeake and ONO
with tho ontire RAILROAD systems OF the west
and Southwest, and with the Pacific Railroad.
Its valuable franchises and superior adVHn-
RAILROAD COMPANY among tho richest ana
most powerful and trustworthy corporations ol
tho country; and thero exists present value
in completed road and work done, equal IN The
entire amount Of the mortgage.
The details OF the Loan have been arranged
with special reference to the wants of ali classes
of investors; and combine the various features
of convenience. safety and protection against
loss or fraud.
Tho Bonds are in denominations Of
$1,000, $500 and 500.
They will DO issued aa Coupon Ro"G&, lnv"bj"
/, Bearcr, and may 10 held in that form ar
Tho Bond play be registered in tho n"'mn Of
the owner, with the coupons remaining payable
to bearer attached, the princ'Pm beng theh
unioss 7on:ssncl to bearer; or
The COUPONS may be detached and cancelled
the Bon! mado q 1,.r'u,an'nt Registered Eo"",
transferable only on the books OF the Company
and the interest made payable only to tho re-
gistered owner or his attorney.
The three classes will be known respectively
aa-
1st. COUPON BONDS PAYABLE TO
BEARER"
I'd. "REGlSTERED BONDS WITH COD
PONS ATTACHED"
Sd. "EEGISTERED BONDS WITH COU'
PONS D ETACHED," and should be so deslg
| ated by Correspondents in specifying tho elias;
| Of Bonds de:lred
Thew have THIRTY YEARS to run from
January IT, 1870, with interest ut six per cent
pcr annum from November l, lSb3 FK1H'l
PAL. AND INTEREST PAYABLE N GOLD IN INC
| city Of Now York.
The interest is payable in MAY and NoVE@'
BIER, that it may tate tho place Of that OF the
| earlier issuius Of Five-TwenLIea, ANA suit th'
convenience Of oar friends who already mol q
Central and Western Pacific Bonds, with inter
est. payable in January and July, and VINO
may tcsi1o, in making additional investments
TO hsvo their interest receivable at different sea
sons Of tho year
| Tho Losn il secured by 81 mortgage upon M
| en1ire Line of Road from Richmond TO the Ohlc
River, with tho equipment and all other prop
md s@n G acr snnn
| provided for the redemption OF inc bohaS, I.
take effect ono wear after the completion OF th'
| ROnd. m, ,,;,l
S2,OOO geo viii bo reserved and held IN trust i"l
| the redemption Of outstanding Bonds OF the
| Virginia Central Raitroad Co1Pn"y' no"
merged in tho CuEsArgAKE AND ONO. -
! OF tho remaining sl3,Uolp' Sulhclnh'
a,n1unt viii be sold 10 complete the ro.d 10 the
| Ohio river, perfect ana improve the portion
| now IN or,cration, and thoroughly equip tht
wht,A for large and active traffic.
The present price Is 81 and accrued In.eresi
/ \ Loan go amply secured, so carefully guard
ed, ana -n certain hereafter TO command :
pro1ninn1tt place smong the Mvorl!" SECURITIES