The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1870-04-21
FIRST MORTGAGE BONDS
OF THE
chesapeake s1d Ohio Railroad Company.

great producing regions oil the ONO and Mississippi
Valleys on the other.
The impo rtance Of this Road ms IA new
outlet from the West 10 the sea magnifes it
into one of national and insures to it
extensive through traffic from the day OF its compile
ton; while, in the development OF the extensive ag-
rcultural and mineral resources of Virginia and
elements of a large and prof table local business.
Thus tho 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 success and values and rem
der il the most important ana, subsinniinI
Railroad enterprise now i'm progress in
this Country.
Its superiority East and West route. and the
promise of an immense and profitable trade await
ing Its completion, have drawn to 1t 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 west-virginia, insures an energetic,
honorable, and successful management.
The Road is completed and in operation from
Richmond to the celebrated White Sulphur Springs
Of West-virsinia, a27 miles, and there remain but
200 miles (now partially construeted) 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 viii connect
the Chesapeake and Ohio with the entire
west. and with the Pacific Railroad.
Its valuable franchises and superior advantages
VIII place the CHEsAFEAnE AND OHIO RAILROAD
COMPANY among the richest and most powerful and
trustworthy corporations of the country; and
there exists \ present value, In completed
rond 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
safety and protection against loss or fraud.
The Bonds are in denominations OF
$1,000, $500, and 500.
They will be issued as COUPON BONDS, payable t.
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
ed to bearer; or
The coupons may be detached and cancelled, the
Bond made permanent Registered Bond, transfer
able only on the books of Company and the inter-
est made payable only to the registered owner his
attorney.
Three classes will be known respectively as:
LIST. "Coupon Bonds payable TO
Bearer"
2nd. "Rcsisicred Blonde with Coupons
nttached.v
Sd. HRc.isteted Bouds with Coupons
desa 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 T. 1SC9 Principal and Int, est payable in
GOLD in the City Of New York.
Tie interest Is payable in MAY and NOVEMBER
that 1t may take the place of that OF the earlier is
sues OF ve-Twenties, and suit the convenience Q
our friends who already hold Central and westerl
Pacific Bonds with interest payable in January an
July, and who may desire, in making additional In
vestmens, to have their interest receivable at diner
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 annam is pro
rid for the redemption Of The Bonds, 10 take eeec
one year after the completion of The road.
The mortgage is Tor $4,000 900, of which 81 OCo 90
will be reserved and held in trust for the redemI
ton OF outstanding Bonds OF the Virginia Centri
Railroad Company, now merged in the CuEsA
PEAKE AND OHIO.
OF the remaining $4,000, 900. a sufficient amour
will be sold to complete the road to the OHIO i''
i perfect and impro,, the portion now in ope''"'
and thoroughly equip the whole for large a"" Ut
| tive traffic.
The present price is 90 and accrued interest
| , so amply securel, so carefully guarded
anil ca certain hereafter to command a prominei
Mace among the favorite securities in the market
both of this country and Europe, will be at once a
preciated and quickly absorbed.