The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1870-04-13

eral income than can hereafter be derived from
Government Bonds, and available TO take their
place.
Assured that, in the selection and negotiation O,
superior Railroad Loans, we are meeting a 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
trinsc merit and substantial character entite them
TO the use of Capital and the confidence Of investors
I'VE now offer with special confidence and satisac
ton the
FIRST MORTGAGE BONDS
Oheaspesks 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 md water transportation of the great West
and Southwest, forms the additional Eas.
nnd West Trunk Line, so imperatiyely de-
manded for the accommodation OF the immense and
rapidly-growng 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 as n new
outlet from the West 10 the sen magniies it
into one of national consequence and insures
extensive through traffic from the day OF its compile
ton; hile in the development of the extensive ag-
rcultural and mineral resources OF Virginia and
Wes.-Virginia, it possesses, along its own line, the
elements of large and profitable local business.
which demand the completion of the CnEsnpEAKE
AND ONO RAILROAD to the Ohio River, afford the
surest guarantee OF its success and vaue and rem
der it the most important md subsiantinI
Railroad enterprise now in progress in
this Country.
Its superiority as 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 Virginia, insures an energetic,
honorable, and successfnl management.
The Road is completed and in operation from
Richmond to the celebrated White Sulphur Springs
of West-virsinia, 227 miles, and there remain but
200 miles (now partially construced) to be compile
ted to carry it to the proposed terminus the Ohio
river at, 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 Ohio " it'll 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 RA1LRoAr
COMPANY among the richest and most powerful and
trustworthy corporations of the country; and
there exists a present value, I'm 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 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. 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 bear
er attached the principal being then transferable
only on 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 on the books of theCompany land the inter-
est made payable only to the registered owner or his
attorney.
Three classes will be known respectively as:
Let. "Coupon bonds payable to
Bearer.o
end. s'Regisscred Bonds with Coupons
attached"
Sd. "Registeted Bonds with Coupons
defa ched," 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 !, 1sc9 Principal and Inte 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 is
sues Oh f1ve-Twenties, and suit the convenience o
our friends who already hold Central and Wester,
Pacific Bonds, with interest payable in January an,
July, and who may desire, in making additional in
vesments, 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.
Il Sinking Fund Of 100000 per annum is pro
rid dior the redemption Of the Bonds, to take e6ec
one year after the completion Of the road.
The mortgage is for $4,000 900, of which So 90
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 900. a sufficient amour
will be sold to complete the road to the Ohio rive