The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1870-02-25
FIRST MORTGAGE BONDS


ion the
FIRST MORTGAGE BONDS
Chesapeake aid 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 ind -ater transportation of tho great West
and Southwest, FERNS she addiaisnal Eass
md West Trunk Lime, SO imperatively de-
manded for the accommodation of the immense and
transportation between the Attain
tic sea-bcard and Europe on the one hand, and the
great producing regions the OHIO and Mississippi
Valleys on the other.
The Importance Of this Read as . sew
outlet from the Wess to the aea magnihes 1t
into Of national and insures to 1t an
extensive through traffic from the day OF its compile
ton; lille, in the development of the extensive ag
ricultural and mineral resources OF Virginia and
West-virginia it possesses, along its line, the
elements of large and profitable local business.
Thus the great interests, both general and local,
which demand the completion of the CHEsHPEAKE
AND ONO RAILROAD to the Ohio River, afford the
surest guarantee OF its and value and res
der IL she most impertans and SUBSTANTIAL
Railroad enterprise now in progress in
this Csantry.
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 west-virgnia, insnres an ensrsssic,
honorable, and successf.I nan.senent.
The Road is completed and in operation from
Richmond to the celebrated White Sulphur Springs
OF West-virsina, 227 miles, and there remain but
200 miles tnow partially constructed to DO compile
ted to carry it to the proposed terminus ON the Ohio
$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 with the entire
Railroad systems Of the West and South
west. and with the Pacific Railrsas.
It's valuable franchises and superior advantages
will place the CHESAPEAKE AND ONO RAILROAD
COMPANY among the richest and most powerful ana
trustworthy corporations of the country; and
there exists q present value, In consisted
read and work dsne, equal u the ensirs
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 to
Bearer. and may be held in that form; or
The Bond may be registered in the name Of tho
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 the books of theCompany and the inter-
made payable only to the registered owner or his
attorney "a
Three classes will be known respectively as:
i's. "Ce.pe. Bends payable to
Bearer.v rl
End. sResisscred Bond. wiki C....,.
assaehed.o
3D. aesi''e'ed Bs.ds with Cssps.s
sessched," 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 fom
November l. 1869, Princpa. and Inse,est payable In
GOLD in the City Of New York.
The interest is payable in MAY and Novrunpp
that it may take the place of that of the earlier ,s
sues Of Five Twenties, and suit the convenience of
our friends who already hold Central and Western
Pacific Bonds with interest payable in January snd
July, and who may DESIRE in making additional I'm.
vestments to have their interest receivable at differ
emit 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 annum is pro-
vid dior the redemption Of the Bonds, TO take eject
one year after the completion Of the road.
The mortgage is tor 5000 900, of.which 81 900
will be reserved and held in trust for the redemp.
ton OF outstanding Bonds Of the Virginia Central
Railroad Company, now merged in the cursA-
PEAKE AND ONO.
OF the remaining $4,000, COO. a sufficient aus,ss
Will be sold to complete the road to the Ohio riv.s
'eriect and improve the portion now in operatiou.
md thoroughly equip the whole for large and ac-
i've traffic.
The present price is 90 and accrued interest.
A Loan so amply secured, so carefully guarded.
nd so certain hereafter 10 command q prominent
lace among the favorite securities in the markets,
10Th Of this country and Europe, win be at once ap-
reciated and quickly absorbed.
Very respectfully,
FISK & HATCH,
Bankers,
p. s.-we have issued pamphlets containing FUN