The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1870-04-07
MISCELLANEOUS.
Office of FISK & HATCH,
BANKERS AND DEALERS IN GOVERN
MENT SECURITIES.

l - ~-S
both in this country and Europe, have shown tina
the First Mortgage Bonds OF wisely-located and hon
rably'manased Railroads are promptly recognized
and readily taken the suitable, safe and adj
vantageous form of investment, yielding more lib
eral income than can hereafter be derived from
Government Bonds, and available to take their
place.
Assured that, in the selection and negotiation of
superior Railroad Loans, we are meeting great
public want, and rendering a valuable service
both to the holders of Capital and to those great
National works of internal improvement whose in
trnsic merit and substantial character entitle them
the use of Capital and the confidence ct investors
we now offer with special confidence and satsfae-
ton the
FIRST MORTGAGE BONDS
Chesapeake and Ohio Railroad Company.
The Chesapeake and Ohio Railroad, connecting the
Atlantic coast and the magnificent harbors OF e
Chesapeake Bay with the Ohio River at point of re-
liable navigation, and thus, with the entire Railroad
system ind water transportation of the great West
and Southwest, FERNS ahe additional Easi
and West Trunk Line. so imperatively de-
handed for the aecom mula fion of tho ;mnorsa o,d
rapidly-growins 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 imps rtance Of this Read as a new
outlet from the West to the sea magnifes it
into of national and insures to it an
extensive through traffic from the day of its compile
ton; lille, in the development Of the extensive ag-
ricutural 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 CHEslpEAKE
AND ONO RAILROAD to the Ohio River, afford the
surest guarantee OF its and value, and rem
der it the most important and substantial
Railroad enterprise now i'm progress in
this Country.
Its superiority as an East AMI 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 Viz
ginia and West-vrgnia, insnres nm energetic,
honorable, and saccessfal n.senent.
The Road is completed and in operation from
Richmond to the celebrated White sulphur Springs
of West-virsinia, 22z miles, and there remain but
200 miles now partially constructed to be compile
ted to carry 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 or in progress through
Ohio and Kentucky to this point which will connect
the Chesapeake and Ohie 18th the entire
Railroad systems Of the West md South
west. and with the Pacific Railread.
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 . present value, I'm completed
read and work done, equal u 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
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 to
Bearer. andmay 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 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 heCompany and the inter-
Ia
| attorney.
Three classes will be known respectively as:
1st "Cs.pen Bends payable to
BsaFer.0
R9nd. s.Resistered Bends with Coupons
attached"
Sd. sResisseted Bends with Coupons
deia ched,'' and should be so designated by cor
respondents in specifying the class of Bonds desired
They have thirty years to run from January 10,
1870, with interest at six per cent per annum from
November 1869, Principal and Int, est payable in
GOLD in the City Of New York.
hs
that 1t may take the place Of that OF the earlier Is
sues 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
vestmens to have their interest receivable at differ
| ent 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 ap-
purtenances connected Herewith.
A Sinking Fund Of 100000 per annum is pro-
vid flor the redemption Of the Bonds, to take eject
one year after the completion Of the road.
The mortgage is for 900, of which 81 900
will be reserved and held in trust for the redemp
ton OF outstanding Bonds Of the Virginia Central
Railroad Company, now merged in the CHEsA-
PEAkE AND OHIO.
OF the remaining $4,000, 900. sufficient amount
will be sold to complete the road to the Ohio river
perfect and improv, the portion now in operation,