New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1871-03-01
BANKING AND FINANCIAL.

HARVEY FISK A. :. HATCH.
OFFICE OF FISK & HATCH. Bankels{
No. Nassau-st.. New-iOrk Feb. -, ISL
The FIRST MORTGAGE BONDs or THE CHESAPEAKE
AND ONO RAILROAD COMPANY,
originally offered by us last Winter were so rapidly
taken that prior to the LIST Of June last sufficient
amount had been sold upward Of Sj,OO00O0 to sup
ply the Company with all the money that would be
required until March April of the present year.
THE CHESAPEAKE AND ONO RAILROAD,
A NEW TRUNK LINE FROM TIE sEABOARD 10 THE
WEST.
is already completed and in operation from Rich-
mond to the celebrated White Sulphur Springs 2%1
miles, and there remain but 200 miles, now under
construction to complete it to the Western terminus
on the Ohio River 3j miles below Pittsburgh, at the
bead of relidbie and continuous navigation
During the past year the work on the Western
Division has been prosecuted with great vigOr, and
"A rapidly as a due regard to economy would permit,
over 1000 men having been employed during a
great portion Of the time.
The completed portion Of the Road is doing GOOD
LOCAL BUSINESS, which will be enormously ncreased
AZ il progresses and opens the immense mineral
riches of Virginia and West Virginia, Wh0se coal ana
iron are celebrated for their quality and abundance
and would alone enrich the means OF commulca-
ton which affords them access to the markets Last
and West.
The advantages Of the Chesapeake and Ohio Rail
road As iGRE,T EAST AND WEST THROUGH LINE for
the transportation of the heavy freights (which con-
stitute the principal part of the East and West
,brougb traffic. are numerous and important.
/. 4 SHORT ROUTE between Atlantic coast and the
great West.
=. Low GRADES
g. LIGHT CURVES.
"A GENIAL CLIMATE. rLich ADMITS Of safe. econo-
micaI and rapid railroad operation huO"gho" the year.
= WESTERN TERMINUS at the head of reliable mar
igafon on the ohio Rrer uhich is nearer to Cincinnati
bg 3l5 miles than the Western terminus n the PeoHsyt-
rama Railrodd at Pburgh, and By 2j miles and ~
mies respectively than the UestGp te'm,p' Of me Bdi-
more and OHIO Rdilroad at UheliHg and Idrkersburg
h. An EASTERN TERMINUS the waters of the
Chesapeake Bay, at the center of the Atlantic coast
line of the United States where is found the best
and most cOmn0diouS harbor on the entire coast for
the entrance shelter loading. and exit of Sea-g"ing
vessels with abundance Of water for ships oil the
deepest draught, and always free from lee.
E. 4 COMPARATIVELY LIGHT CAPITAL AND DIET,
representing cost of construction, and consequently
Iqht tar apoa hac I'm. payment Of interest md diri
deHds
All these conditions favor a cheap and economical
working of the line. which will enable the Chesa-
prake aud Ohio r0nte ia do profitable East and
West Though business at rates which would not pay
by the more difficult and costly lines and 10 control
an ,no,1aoas South " esi0r hr0vgh trade
The most apparent and pressing Tdnt Of the gram
p0,E and TO0l- r0duciHg rtgioRS ~ the Uest AT the
present time T., ecOnobcd transportation 10 the sea
b0drd
The waters of the Ohio River. which flow by the
western terminus of the Chesapeake and Ohio Rail-
road connect with more than 1000 MILES or RfLI-
,pIE RIVER NAVIGATION, and 5000 MILES ADDITIONAL
which are ayaab for portions Of the year. and with
over 10000 MILES OF RAILROAD.
These rivers and riilron,s wash the shores and
traverse the territory Of >IHTfEN MAGNIFICENT, Pop
Uiors, AND GROWING STATES. containing 100000
square miles unite more than 20O towns and cities
Of which at least twenty iye contain each popnla
tion of 20oO0 and upward and minister to the wants
OF ten millions Of people
To all this vast area, with its magnificent internal
systems of water and railroad transportation, its
teeming population, its wealth of production, aud
it, enormous commerce. TnE CHESAPEAKE AND ONO
RAILROAD OPENS Az ACCESSIBLE, SHORT, EASY, AND
ECONOMICAL OUTLET TO THE ATLANTIC COAST upon
whose shores the great West and Southwest must
lind the chief market for their products and whence
they must mainly draw their supplies of manufac
tured and foreign goods.
Among the officers and Directors are some Of orr
best known and prominent business menNlr c. T.
huntington, whose financial management of the
great Central Pacific Railroad has been so success
ful is President of the Company, with MessIs. W. H.
Aspinwall, A. A. Low, Jonas q. Clark, Richard
Irwin, and others, well-knoWn merchants Of New
York. Directors.
We are now autboIized Ia sell an additional
amount of FIRST MOGTGtGE PR CENT GOLD BONDS
of the Company, at the original price If 20 aud
accaed interest.
The Bonds aye secured 10y mortgage upon the en-
tire road, fruchis 5, and property of the Company,
WHICH NOW, ~ COMPLETED EOAD AND WORK DONE,
EXcrEDS THE ENTIRE AMoU>T OF THE MORTGAGE;
aud which, when completed. will be worth at least
93OO00Wn
A Sinking Fund of Sl0o,0oo per annmn is provided
for their redemption.
They are issued as Coupon Registered Bonds,
and in denominations of
800 $500 and 81 900.
Interest payable May and November, in the City of
New-lork.
The superior advantages, valuable property and
franchises and able and honorable management of
the Chesapeake and OHIO Railroad Company render
il one of the most substantial reliable and trust
worthy Corporations in the country, and commend
its Securities to the nhesitatng confidence of capt.
tasts and investors.
Pamphlets maps, and full particulars furnished
upon application. FISK Il HATCH, Bankers.
FUNDING THE FIvE-TwENTY BONDS.
FIRST NATIONAL BANK OF NEw-YoEK,