The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1870-02-24
First Mortgage Bonds
OF The
Chesapeake and Ohio Rail-
road Company.


the Atlantic coast and the magnificent harbors
ofthe Chesapeake Bay with the Ohio River at
point of reliable navigation, and thus, with the
entire Railroad system and water transportation
OF the great West and Southwest, forms the
additional East and West Trunk Line,
40 imperatiyely demanded for the accommodation
of the immense and rapidly growing transporta-
ton between the Atlantic seaboard and Europe
on the one hand, and great producing regions OF
the Ohio and Mississippi Valleys on the other
The importance of this Road ns
new outlet from the West TO the sen
nagnifes il into one of national consequence,
and insures to 1t an extensive through trahc
from the day Of its completion; while, in the
development of the extensive agricultural and
mineral resources OF Virginia and West Virginia,
it possesses along its own line, the elements OF
q large and profitable local business
Thus the great interests, both general and
local, which demand the completion Of the
CHEsAPRAKE AND ONO RAILROAD to the Ohio
River, afford the surest guarantee Of its success
and value, and render It the most impor-
tant and substantial -Rniircnd enter.
prise now in progress in this County
It's superiority as an East and West route,
and the promise of an immense and profitable
trade awaiting its completion have drawn TO II
the attention and cooperation of promint Mt
Capitalists and Railroad men of this City OF
sound Judgment and known integrity, whose
connection with it, together with that OF emil
nent citizens and business men of Virginia and
West virginia, insures an energetic, hon
| fol m n ~
The Road is completed and in operation from
Richmond to the celebrated White Sulphur
Springs of West Virginia, 227 miles, and there
remain but 200 miles (now partially constructed)
to be completed, to carry it to the proposed ter.
minus on the Ohio river at or near, the mouth
of the Big Sandy river, $50 miles'above CinciD.
natl, and $50 miles below Pittsburg.
Lines are now projected CT progress through
Ohio and Kentucky TO this point which will
connect the Chesapeake and Ohio with
the entire Railroad systems the West
and Southwest, and with the Pacific
Railroad.
It's valuable franchises and superior advan'
tages will place the CHESAPEAKE AND OHIO
RAILROAD COMPANY among the richest and most
powerful and Trustworthy corporations Of the
country; AND THERE EXISTS A PRESENT
VALUE, IN COMPLETED ROAD AND
WORK DONE, EQUAL TO THE ENTIRE
AMOUNT OF THE MORTGAGE.
The details OF the Loan have been arranged
with special reference to the wants Of all classes
of investors, and combine the various features
of convenience, safety, and protection against
loss or fraud.
The Bends are in denominations Of
$1,000, $500 and 500.
They will be issued as Coupon Bonds payable
70 Bearer, and may be held In that form; or
The Bond may be registered in the name of the
owner with the coupons remaining payable to
bearer attached, the principal being then trans.
ferable only on the books of the Company,
unless re-assigned to bearer or
The coupons may be detached and cancelled,
the Bond made permanent Registered Bond,
transferable only or the books of the Company,
and the interest made payable only 10 the reg.
istered owner or his attorney.
The three classes will be known respectively
as:
list. "Csupon Bonds payable 20
Bearer
I'd. "Rczistered Bonds with Coupons
attached"
Sd. "Registered Bonds with Coupons
detached, and should be 20 designated by
Correspondents in specifying the class of Bonds
desired.
They have THIRTY YEARS to run from
January IS, ls7O, with interest at six per cent
per annum from November /, 1869. PRINCIPAL
AND INTEREST PAYABLE In GOLD IN THE CIT sP
Nxw.IeRK.
The interest is payable in MAY and NovEHBER,
that it may take the place of the earlier issues
of Fi.e-Twenties, and suit the convenience Of
our friends who already hold Central and West
srn Pacific Bonds, with interest payable in Jan.
uary and July, and who may desire, in making
additional Investments, to have their interest
receivable at different seasons Of the year.
The Loan is secured by mortgage upon the
entire Line Of the Road from Richmond to the
Ohio River. with the equipment and all other
property and appurtenanoes connected there
with.
| A SINKING FUND OF 100000 PER ASSuN Is
PROVIDED FOB THE REDKxPTIoS OF The BONDS,
TO TAKE EFFECT ONE YKAR AFTER The coNPLL
TON OF TIE ROAD.
The mortgage is for sl5.oOo,OO0, Of which
s. 900 COCO viii be reserved and held in trust for
the redemption Of outstanding Bonds Of the
Virginia Central Railroad Company, now merged
in the CHESAPEAKE AND OHIe.
OF the remaining sl3, ooO, 600, . sufficient
amount win be scla to complete the road to the
Ohio river, perfect and improve the portion now
in operation, and thoroughly equip the whole
for large and active traffic.
The present price is 90 and accrued interest.
A Loan so amply secured, so carefully ,u ard
ed, and so certain hereafter to command prom
inent place among the favorite securities in the
markets, both of this Country and Europe, win
be st once appreciated and quickly absorbed.
Very respectfully,
FISK d HATCH,
Bankers.