The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1870-03-21
Chesapeake and Ohio Rail-
road Company.

Inc AtIa0tlC coast anu inc nagnluConL narUOIo
Of the 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 RnsI md West Trunk Line,
so imperatively 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 as n
new outlet from the West TO the sea
Magnifes it into one Of national consequence,
and insures to IL an extensive through traffic
from the day of its competitions while, in the
development of TIE extensive agricultural and
mineral resources OF Virginia and West Virginia,
1t possesses along its own limo, the elements Of
4 large and proftablelocal business.
Thus the great interests both general and
local, which demand the completion of the
CHEsAPEAKE AND OHIO RAILROAD to the Ohio
River, afford the surest guarantee of its success
and value, and render It the most impor-
taut mud substantial Railroad enter
prise now in progress IN this Country.
tlo 5upSllOIItg lS CdSI anu W COT loulci
and the promise Of an immense and profitable
trade awaiting its completion, have drawn to it
the attention and cooperation of prominent
Capitalists and Railroad men of this City of
sound Judgment and known integrity, whose
connection with it, together with that of emf
nent citizens and business men of Virginia and
West Virginia, insures an energetic, hon
orable and successful management
The Road is completed and in operation from
Richmond to the celebrated White Sulphur
Springs of West Virginia, 227 miles, aud 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 Cincn
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 Rnilrond systems of the West
and Southwest, md with the Pacific
Railroad.
Its valuable franchises and superior adyan.
tages will place the HEsArEAKE AND ONO
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
TO Bearer, and may be held in that FORM or
The Bond maybe registered in the name of tie
owner with the coupons remaining payable 10
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 on the books of the Company,
and the interest made payable only to the reg.
istered owner or his Attorney
The three classes will be known respectively
as:
LIST. Coupon Bonds payable 10
Bearer"
Id. "Regissered Bonds with Coupons
nttuched.D
Sd. Registered IL onds with Coupons
detnched," 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 !, 1862 PRINCIPAL
AND INTEREST PAYABLE IN GOLD IN THE CITY 81
NEwYeRK.
The interest is payable in MAY and NOVEMBER.
that 1t may take the place of the earlier issues
Of FiSe.Twenties, and suit the convenience OF
our friends who already hold Central and West
ern 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 appurtenances connected there.
with.
A SINKING FuND OF 100000 PER ASNuM Is
PROVIDED FOR THE REDEMPTION OF The BONDS
10 TAKE EFFRCT ONE rRAH AFTER THE coNPLg-
TON OF THE ROAD.
The mortgage is for sl5,Co0,OOs, Of which
81 COCO will be reserved and held in trust for
the redemption of outstanding Bonds of the
Virginia Contra! Railroad Company, now merged
in the CHESAPEAKE AND Ono.
OF the remaining SIS coo, 900, q sufficient
amount WIN be sold 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 30 and accrued interest.
A Loan 80 amply secured so carefully guard
ed, and so certain hereafter to command prom
inent place among the tAvorite securities in the
markets, both Of this Country and Europe, will
be at once appreciated and quickly absorbed.
Very respectfully,
FISK L. HATCH,
RnnEnr