The Portland daily press., 1870-03-15


FIRST MORTGAGE BONDS
OF THE
Chesapeake sld 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 and water transportation of the great West
and South west, forms .she additional East
and West Trunk Line, so imperativsly de-
manded for 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 Read n. new
ouiIes from the West to the sea masnias, il
into of national consequence and insures to IT an
extensive through traffic from the day OF its compile
ton; hile in the development OF the extensive az
ricatural and mineral resources OF virginia and
west-virginia, it possesses, alongits own line the
elements of large and profitable local business.
Thus the great interests, both general and local
which demand the completion OF the cuEnrsAxs
AND ONO RAILROAD to the Ohio River, afford the
surest guarantee OF its success and value, and rem
DIR II the N, nat Iv,,o~.s.~. --L-..-s
Railroad enterprise now in progress In
this Country.
Its superiority as an 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 knswn
integrity, whose connection with 1t, together with
that Of eminent citizens and business men of vir-
ginia and west-vrgnia, insures nm energetic,
honorable, and succcssfal asemcnt.
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 1t to the proposed terminus the Ohio
river at or near the mouth OF the Big Sandy river,
$50 miles above Cincinnati, $50 miles below Pitts
burg.
Lines are now projected in progress thraush
Ohio and Kentucky to tins point which will oonnsct
the Chesapeake and Ohio with she entire
Railroad - uU--.--.-A s~-ss.-
west and with the Pacific Railroad.
Its valuable franchises and superior advantages
Will place the CHEsAPEAKE AND ONO RAILROAD
COMPANY among the richest and most powerful and
trustworthy corporations of the country; and
there ex'-'- r-esent value, I'm completed
---1Snc, equal 10 she entire
amount of the mortgage. r-r
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 maud
The Bonds are in denominations of
$1,000, $500, and $780,
They will be issued as COUPON Bosps, payable to
Bearer. andmay be held in that torm;o 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-asssu-
ed to bearer; or II
The coupons may be detached and cancelled. the
Bond made permanent Registered Bond transfer
able only on the books Of thecompany and the inter-
est made payable only to the registered owner or his
attorney.
Three classes will be known respectively as:
1''. Coupon Bond. payable TO
Bearer,
and' "ses'''eFed Bond. wf,h Coupon.
asfached.~
I'D. "Resiste,ed Bonds with. Coupons
defachcd," 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 anpum from
November 1, 1scs Principal and hstaest pava6ieis
GOLD In the City Of New York.
The interest is payable in MAY and NOVEMBER,
that it may take the place of that OF the earlier L.
sues of FiyeTwenties, and suit the convenience or
our friends who already hold Central ard Western
Pacific Bonds, with interest payable In Jaiuary and
July, and who may desire, in making additional In
vestments to have their interest recevablesas differ.
snt 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 sp,
purtenances connected Herewith. s---
Sinking Fund Of 100000 per amman 10 pro
did dior the redemption Of the Bonds, 10 sass se>es
one year after the completion Of the road. "
The mortgage is for $1,000 900, Of which ssosoo 900
will be reserved and held in trust for the fsdsmp-
ton OF outstanding Bonds of the Virginia Central
Railroad Company, now merged in the CHHsA-
PEAKE AND OHIO.
Or the remaining $4,000, COO. a sufficient amount
will be sold to complete the road to the Ohio river
perfect and improve the portion now in operation,
Ind thoroughly equip the whole for large and &C.
live traffic.
Inc present price is 90 and accrued interest
Loan so amply secured, so carefully guarded
and 20 certain hereafter to command q prominent
place among the avorIte securities IN the markets.
both Of this country aud Europe, will be at once ap
'reciated and quickly absorbed.
Very respectfully,
FISK &c HATCH,
Bankers,
p. s.-we have issued pamphlets containing full
PARTICULARS statistical details, MAPS etc, which will