Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1872-09-13
EI.N.H.NL{HL.
Announcement for Proposals
Office of FISK s. HATCH, |
Bankers and Financial Agents of the /!
Chesapeake and Ohio +. r. Co. |
Now York Sont 9th 1879 |

By direction of the President and Directors of
the Chesapeake and Ohio Railroad Company we
offer, for proposals, all the remaining balance of
their FIRST MORTGAGE SIX PER CENT
GOLD BONDS, now amounting to S2,923. 100
Proposals must be accompanied by deposit OF
five per cent, and will be received up to, and
including Monday, the 10th inst, the Directors
reserving the right to reject any proposals which
it may not be for the interests of the Company
to accept The five per cent. deposit will be APP
piled toward the payment, in case of accepted
bids, and returned to those whose proposals are
not accepted.
The President of the Company, Mr.. G. 7.
HUNTINGTON is we'll known as the Vice Prcsi-
dent of the CENTRAL PAcIfIc'RAILRoAD COM
PANY, and the same energy displayed in the
management Of that corporation, and TO which
its remarkable success is so largely due, Is beng
put forth in the CHESAPEAKE AND ONO
The Board Of Directors is composed of proba-
bly, rs strong and able men as were ever asso-
cated together to carry out great enterprise.
Among them are the following we'll known
New York merchants:
Mcssrs. A. A. LOW,
WM H. ASPIN WALL,
JONAS G. CLARK,
DAVID STEWART,
WIN. WHITEWR1GIIT.
This road will extend from Richmond to the
heart of the great West, at point on the ONO
River, 313 miles below Pittsburgh, where it will
at once connect with II, 900 miles of river naviga-
8; nv commenting roads with tho
whole great system of Western railroads, thus
giving short, direct and easy grade outlet to
the millions of people and inexhaustble pro-
ducts of the West to the Atlantic Coast and in
return furnishing them with the manufactures OF
the East, and cheap coal and cheap iron from
along the line of the road. It's traffic must be
immense 1t will cost, fully equipped, upwards
of $50, 100000. Of the whole length of the line,
All miles, at this date $50 miles are completed;
tho grading is nearly done on the remainder,
the iron is being rapidly laid, and during No
vember next, it is expected trains will run
through to the Ohio river.
The Western end, 200 miles, will be nearly all
laid with steel rails; the bridging all iron, and
the masonry irst-cass in every respect.
The total amount of these Bonds is SO, OOO,-
600. The amount sold by US from the date OF
bringing out the loan is Sl4, $4,000.
The amount now offered by us is made up as
follows:
USsoLD BALANCE OF LOAN as
................ olV,tVV
RE-PURC1IASED AND RECEIVED
IN EXCHANGE FOR DEpEN-
TURE BoNDs OF TIE Co... = 2,ll3,3OO
LEAVING BALANCE subject TO
PROPOSALS. @,o-1,|VV
Should the Proposals exceed this amount
proper award among the accepted proposals will
be made An opportunity for Savings Banks,
Insurance Companies, Estates and Investors to
get 80 good Bond on a great roAd, at mode
rate price, is rarely offered.
The Bonds are issued in denominations of 500,
$500, and $1,000 either Coupon or Registcred
Interest payable May and November both prin-
cipal and interest payable IN New York City, in
u. S. Gold Coin. The accrued interest from
Muy lst will be added to all accepted proposals.