Delaware gazette. [volume] (Delaware, Ohio) 1855-1886, 1870-03-11
FIRsr BEORrGAGE BOND
& OHIO
Railroad Company.

CmESAPEAKE * OHIO
Railroad Company.
The chesapeake and on, Rasgroad, con
neciing the Atlantic coast aI.5 t5le magn1n-
cent harbors OF the-GiIcse peaie Bay with
the Ohio River at point OF reliable navi- /
CATION, and thus, with the entire R4firoad /
system and water transportation of the
great West and Southwest. forms tlAe ladI-
dttionaI East and " est Trunk Line, /
so imperatfveIy demanded for the accom-
mediation of the immense aud rapidly /
growing transportation between the Allan |
tic seaboard and Europe the one hand, |
and the great producing regions Of the Ohio /
and Mississippi Valleys on the other.
The Importance of this Road As a
new outlet from the West 80 the sea
magnihes it into one OF national eonse-
quence, and insures to it an extensive
through traffic from the day of its compile
ton; while, in the development OF the ex-
tensive agricultural and mineral resources |
of Virginia and West Virginia, it possesses, |
along its own line, the elements of a large
and profitable local business
Thus the great interests, both general and
local, which demand the completion Of he
CHESAPEAKE AND OHIO RAILROAD to the
Ohio River, afford the surest guarantee of
its success and value, md render tt the
most Important and substantial Rail-
road enterprise now In progress i'm
this Country.
It's superiority as an East and West route,
and the promise of an immense and profit
able trade awaiting It's completion, have
drawn TO it the attention and cooperation
of prominent Capitalists and Railroad men
Inf of
integrity, whose connection with it, to-
gether with that of eminent citizens and
business men Of Virginia and West Vir-
ginia, insures an energetic, .aomorabIe,
aEd successful management.
The road is completed and in operation
from Richmond to the celebrated White
Sulphur Springs of West Virginia. 227 miles,
and there remain but 200 miles (now par
TALLY eonstructedl to be completed, to carry
it to the proposed terminus on the OHIO
River at, or near, the mouth OF the Big
Sandy River, $50 miles above Cincinnati,
and $50 miles below Pittsburg.
Lines are now projected or in progress
through Ohio and Kentucky TO this point,
which win connect the Chesapeake and
Ohio with the en- tIsse- "a. iIrOad systems
OF the West and southNvests and with
t1le Pacific Railroad.
/ It's valuable franchises and superior adj
yantages will place the Chesapeake and Ohio
Railroad Company among the richest and
most powerful and trustworthy corpora
lions of the country and there exists a
/ present value, In completed road and
i work done, equal to the entire amount
of the mortgage.
The details of the Loan have been ar
ranged 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 Bonds are in denominations of
$1,000, $500 and 800,
They will be issued as Coupon Bonds pap
able to Bearer, and may be held I'm that
form; or
The Bond may be registered in the name
of the owner, with the coupons remaining
payable to bearer, attached, the principal
being then transferable only on the books
of the Company, unless reassigned to bear
er; or
The coupons may be detached and can
celled, the Bond made a permanent Register
ed Bond, transferable only on the books Of
the Company, and the interest made pay
able only to the registered owner or his at
torney,
The three classes win be known respec-
lively as
Ist. &" Coupon Bonds pay
able to Bearer,
I'd. e'RegIstered bonds with
Coupons attached
Sd. 'sRegistered bonds with
Coupons defached.''
And should be so designated by Core
spondents in specifying the class of Bonds
desired.
They have thirty years to run from jan
uary Is, 1870, with interest at six per cent.
per anRum from November /, 1863. Priaci-
pat and Interest payable IN Gold in the Cay Of
Neto York.
The interest Is payable in May and No
UenlbeT, that 1t may take the place of that
| of the EARLIER issues OF Five-TWenties, and
suit the convenience of our friends who al
ready hold Central and Western Pacific
Bonds, with interest payable In January
and July, and who may desire, in making
additional investments, to have theirinte
est receivable at different seasons Of the
year.
The Loan is secured by a mortgage upon
the entire Line OF Road from Richmond to
the Ohio River, with the equipment end
all other property and appurtenances con-
neeted Herewith.
A Sinking Fund Of 100000 per annun Is
prouidedJor the redemption Of The Bonds, to
take effect one gear after the completion Of The
Road
The mortgage is for sI5,OOO. .09O, of which
g, 600. 600 will be reserved and held in trust
for the redemption OF outstanding Bonds
/ of the Ftrcinta Central Railroad Company,
now merged in the Chesapeake and Ohio.
OF the remaining sls,OOO,OOO, sufficient
amount viii be sold to complete the road to
the Ohio River, perfect and improve the
portion now in operation, and thoroughly
equip the whole for a large and active
traf1lc.
The present price is 90 and accrued inter-
est.
A Loan 50 amply secured, so carefully
guarded, and so certain hereafter TO com
mand prominent place among the favor
ite securities in the markets, both OF this
country and Europe, will be at once appre-
ciated and quickly absorbed.
Very respectfully,
FISK s. HATCH,
Bankers.