Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1872-09-12
FL.NN.NCINL.
Announcement for Proposals.
Office of FISK s. HATCH, !
Bankers and Financial Agents of the |
Chesapeake and Ohio 4. r. Co.
Now York. Sept. 9th. 1872 |

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 So 923 TOO.
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.. c. P.
HUNTINGTON, is we'll known as tho Vice. Presi-
dent Of the CENTRAL PACIFIC RAILROAD CON-
PASY, and the same energy displayed in the
management of that corporation, and to which
its remarkable success is SO largely due, is being
put forth in the CHESAPEAKE AND OHIO.
The Board of Directors is composed of proba-
bly, as strong and able men as were ever asso-
ciated together to carry out great enterprise.
Among them are the following well known
New York merchants:
Mcssrs A. A. LOW,
VIM. H. ASPINWALL,
JONAS g. CLARK,
DAVID STEWART,
VIM WHITEWRIGHT.
This road will extend from Richmond to the
heart of the great West, at point on the Ohio
River, 9l3 miles below Pittsburgh, where it will
at once connect with r. )Omiles of river naviga-
ton, and soon by connecting roads with the
whole great system Of Western railroads, thus
giving a short, direct and easy grade outlet to
the millions of people and inexhaustible 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 S30,U l,C00 Of the whole length of the line
427 miles, at this date $50 miles completed;
the grading is nearly done on the remainder,
the iron is being rapidly laid, and during No
vcmber 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 hrst-class in every respect.
The total amount Of these Bonds is SIS, OOO,-
900. The amount sold by US from the date of
bringing out the loan is SI4, $4,000.
The amount now offered by us is made up as
follows
USsoLD BALANCE OF LOAN Us
above........ ACKNOWLEDGEMENTS. olO.4OO
REP uECuASED AND RECEIVED
IN EXCHANGE FOR DEHEN-
TURE BOMBS nFTlIK Co....... j. =. 4l3.3OO
LEAVING BALAHcE SUBJECT TO
PROPOSALS 2,923,7OO
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 so good Bond on great road, at a mode
rate price, is rarely offered.
The Bonds are issued in denominations Of 500,
$500, and 81, 0O0; either Coupon or Registered
Interest payable May and November both prin
cipal and interest payable m Now York City, in
u. 5. Gold Coin. The accrued interest from
May lst. will be added to MI accepted proposals. |