The Portland daily press., 1870-02-22
FIRST MORTGAGE BONDS
Chesapeake and Ohio Railroad Company.


OF THE
Chesapeake and Ohio Railroad Company.
The Chesapeake and Ohio Railroad, connecting the
Atlantic coast and the magnificent harbors of the
Chesapeake Bay with the Ohio River at point OF re-
liable navigation and thus with the entire Railroad
system nd water transportation of the great West
and South west, forms the additional Ensi
md West Trunk Line, so imperatively de-
manded Tor the accommodation of the immense and
rapidly-growing transportation between the Attain
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 az a new
outlet from the West 10 tie sen magnifes 1t
into oneof national consequence and insures to an
extensive through traffic from the day OF its compile
ton; while, in the development of the extensive sg-
rieultural and mineral resources OF Virginia and
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 most Important and substantial
Rniirond enterprise now in progress i'm
this Country.
Its superiority an East and West route. and tie
promise of an immense and profitable trade await
ing Its 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-
ginia and west-virginia, insnres an energetic,
honorable, md successful 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 constructed) to be compile
ted carry it to the proposed terminus on the Ohio
river at or near, the mouth OF the Big Sandy FLYER,
$50 miles above Cincinnati, $50 miles below Pitts
burg.
Lines are now projected in progress through
Ohio and Kentucky to this point which will connect
the Chesapeake and Ohio with the entire
Railroad systems of the West and South
WRIST. md win the asacIGc Railroad.
Its valuable franchises 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 present value, I'm completed
read and work done, equal 10 ihe 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 sI00.
e' WIZ NC issueu as OouPoN BONDS, payable 10
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
ms he data hal
Bond made a permanent Registered Bond, transfer.
able only the books of theCompany and the inter-
made payable only to the registered owner or his
attorney.
Three classes will be known respectively as:
isi. "Coupon bonds payable TO
Bearer,
End. 'Resistered Bond. with Coupon.
aftached.v
'"' "hesisfefed Bonds with Coupons
dei"ehed," and should be so designated by cor
respondents in specifying the class OF Bonds desired
They have ihiity years to runyfrom January Is,
1870 with interest at six per cent per annum from
November 1, 1909, Principala and Int, est payable in
GOLD in the City Of Nep York.
The interest is payable in MAY and NOVEMBER.
that it may take the place Of that Of the earlier is
sues Of Five-Twenties, and suit the convenience Of
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 ther interest receivable at dr
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 annan is pro-
videdJor the redemption Of the Bonds 10 take effect
one year after the completion Of the road
The mortgage is for SIS 900 600, of which 100000
will he reserved and held in trust for the redemp-
ton OF outstanding Bonds OF the Virginia Central
Railroad Company, now merged in the CuEsA-
FAKE AND OHIO.
OF the remaining $4,000, coo. sufficient amount
Will 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 ac-
tive traffic.
The present price is 90 and accrued interest
A Loan so amply secured, so carefully guarded,
and SO certain hereafter 10 command q prominent
place among the favcrite securities in the markets
both of this country and Europe viii be at once an