The Portland daily press., 1870-04-19

public want, and rendering a valuable service
both to the holders of Capital and to those great
National works of internal improvement whose in
trinsic merit and substantial character entitle them
TO the of Capital and the confidence Ct investors
we now offer with special confidence and satsfac-
lion the
FIRST MORTGAGE BONDS
Che'ape X I'D Ohio Railroad Company
The Chesapeake and Ohio Railroad, connecting the
Atlantic coast and the magnificent harbors OF
Chesapeake Bay with the Ohio River at point OF
liable navigation, and thus, with the entire Railroad
system md water transportation of the great West
and Southwest, forms the additional Ensi
manded for the accommodation OF the immense and
rapdly-growng transportation between the Allan
tic sea-bcard aud Europe on the one hand, and the
great producing regions of the OHIO and Mississippi
Valleys on the other.
The impo rtnnce OF this Rond ns n new
into of national consequence and nsures to 1t
extensive through traffic from the day OF its compile
ton; Whe, in the development OF the extensive az
ricultural and mineral resources OF Virginia and
wes-virgna, 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 and value, and rem
der il the mos, 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 It's completion, have drawn tc 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-
gna and west-virginia, insmres an energetic,
honorable, ind successful management.
The Road is completed and in operation from
Richmond to the celebrated White Sulphur Springs
of west-virsnia, 227 miles, aud there remain but
200 miles now partially constructed) 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 or in progress through
Ohio and Kentucky to this point, which will connect
the Chesap enkc and Ohio with the entire
Railroad sy.tems OF the West "nd South
west. nnd with the Pacific Railroad.
| Its valuable tranchises and superior advantages
will place the CHESAPEAKE AND OHIO RAILROAD
| COMPANY among the richest and most powerful and
trustworthy corporations of the country; and
there exists "A preseni value, I'm completed
road and work done, equal 10 the 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 800.
They will be issued as COUPON BoSDs, payable te
Bearer. and may be held in that form; or
The Bond may te registered in the name OF the
owner with the coupons remaining payable to bear
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 theCompany and the inter-
est made payable only to the registered owner OF his
attorney.
Three classes will be known respectively as:
1st. "Coupon Bonds payable 70
Bearer.o
2nd. sRcgisiered Bonds W ish Coupons
attached"
Sd. s'Resisteted Bsnds with Coupons
dein ched,'' and should be so designated by cor
respond 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 l. 1Scs Principal and Int, est payable in
GOLD in the City Of New York.
The interest is payable in MAY and NOVEMBER,
that it may take the place of that OF the earlier
sues oil 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
vestments to have their interest receivable at differ
ent seasons of the year.
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-
rid for the redemption Of the Bonds, to take effect
one gear after the completion Of the road.
The mortgage is for s15ooo 900, of which So 900
| will be reserved and held i'm 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. a sufficient amour
will be sold to complete the road to the Ohio rive
perfect and improv, the portion now in operation
and thoroughly equip the whole for a large and ae-
| tive traffic.
The present price is 90 and accrued interest,"
A Loan so amply secure1, so careiu"S 's"a'u''
| ord ca certs;n hereafter to command prominent
,.ce among the favorite securities in the markets
both of this country and Europe, will be at once APP