Litchfield enquirer., 1870-03-10

uable service-both to the holders of Ga pital and tv those great National works of internal improvement whose intrinsic merit and sub stantial character entitle them to the use of Capital and the confidence of iuvestors-we now offer with special confidence and satisfac- tion the ...
 FIRST MORTGAGE BONDS
 Chesapeake and Ohio Raih,oSd Company: Phe Chesapeake and Ohio Railroad connects the Atlantic coast and the magnificent harbors of the Chesapeake Bay with the Ohio River at point of reliable navigation. and thus, with the entire Railroad system and wa ter transportation of the great west and south west, forms the additional east and west trunk line, so impsratively demanded for the accom- modation of the immense and rapidly y-gr owing transportation between the Atlantic seaboard 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 as . new outlet from the West to the sea magnifes it into one of national consequence, and insures to it an extensive through traffic from the day of its completion; while in the development of the extensive agricultural and mineral resources of Virginia and West Virginia, it possesses. along its own line. the elements of large and profitable local 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 sursst guarantee of its success and value, and render it the most important and substantial Rail road enterprise now in progtess in this Coan- try. Its superiority as an East and West route, and the promise of au immense and profitable trade awaiting it's completion, have drawn to 1t 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 emi- nent citizens md business men of Vir- ginla and West Virginia, insures an en- ergetic, honorable, and successful management. The Road is completed and in operation from Richmond to the celebrated White Sul- phur Springs of West Virginia, 227 miles, and there remain but 200 miles (now partially constructed) to be completed, to carry 1t to the proposed terminus on the Ohio river at, or near, the mouth of the Big Sandy River, l5O miles above Cincinnati, and $50 miles below Pittsburg.
 Lines are now projected or in progress through Ohio and Kentucky to this point, which will connect the Chesapeake and Ohio Railroad systems of the West and Southwest. with the Pacific Railroad.
 Its valuable franchises and superior advan- tages will place the Chesapeake and Ohio Railroad Company among the richest and most powerful and trustworthy corporations of the country; aud there exists g present val ue, 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 ofall class es of investors, and combine the various fsa- lures of convenience, safety, and protection against loss or fraud.
 The Bonds are in denominations of $lO00, $500, and $l00. .. .-~.
 They will be issued as Coupon Bonds, paya- ble to Bearer, and may be held ip that form; | or, -... s-
 The Bond may be registered in the name of the owner with the coupons remaining paya. ] ble to bearer attached, the principal being 1 then transferable only on the Company books, | unlsss re e-assigned to bearer; or
 The Coupons may be detached and cancelled, | the bond may be 6 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 respectivsly as: ga u5 s..... a~-t. .a g.-.f
 lst. "Coupon Bonds payable to Bearer." 2d. "Registered Bonds with Coupous attach. ed." Js
 Sd. "Registered Bonds with Coupons de- 1 tachsd.'' and should be 90 designated by Cor respondents in specifying the class of Bonds desired se They have thirty years to run from January | l6, 1870, with interest at six per cent per an- l mum from Nov. l, 1889. Principal and Interest payable in gold in the city of New York. g.'4 The interest ispayable in May and Novem- ter, that it may take the place of that of the earlier issues of Five-twenties, and suit the l convenience of our friends who already hold Central and Western Pacific Bonds, with sn- terest payable in January and July, and who may desire, in making additional investments, to have their interest receivable at different seasons of the year.
 l he Loan Is secured by mortgage upon the entire line of Road from, Richmond to the Ohio River, with the equipment and all other property and appurtenancess connected there with. er tt7. ts~-.ss4
 A Sinking Fund of sl0O, 900 per annum is provided for the redemption of the Bonds, to take effect one year after the completion of the Road. t-
 The mortgage Is for SIS. 100000. of which 1 g., ,O00. 900 will be reserved and held in trust for the relemptisn of outstanding Bonds of the Virginis Central Railroad Company, now merged in the Chesapeake and Ohio.
 Of the remaining $l3.O00,O00, 8 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 active traffic
 The present price is 90 and accrued interest.
 Loan so amply secured. SO carefully guar d.d and so certain hereafter to command . prominent place among the favorite securities in the mal kets. both of this Country anu Eu. rope. will bc at once appreciated and quickly absorbed Very respectfully,
 FISK & HATCH, Bankers.