The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-09-11
FINANCIAL.
A INVOLVEMENT FOR PROPOSALS.
OFFICE OF FISK 4 HATCH,


A INVOLVEMENT FOR PROPOSALS.
OFFICE OF FISK HATCH
Bankers and Financial Agents Of the Chesapeake and
Ohio Railroad Company.
New YORK, Sept O. 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 Mort
gage Six Per Cent Gold Bonds now amounting to
s2,o237Oo Proposals must be accompanied by deposit
Of Ave per cent and will received up to and includ
ing Monday. the 10th inst, the directors rcservng the
right to reject any proposals which may be the
interests of the company to accept The 1--WE per cent de-
post will be applied toward the payment in case of ac
cepcd bids, and returned those whose proposals are
not accepted.
The President the Company Mr. c. p Huntingdon is
well known the Vice President of the Central Pacific
Railroad Company, and the energy displayed in the
management of that corporation and to which its re-
markabc is largely DUE being put the
Chesapeake and Ohio.
The Board Of Directors is COMPOSED of probably as
strong and able associated together to
carry great Among them are the fol.
lowing well.known New York merchants
Messrs. A. A. Low, WIN H. AsPINwALL
JONAS G. CLARK. DAVID STEWART,
WIN. wIITERIGHT.
This road will extend from Richmond to the heart of
the Great West at point the Ohio River 1913 miles be-
low Pitsburg where it will connect with 1000
miles of river navigation, and by connecting roads
with the whole great system of Western railroads. thus
giving Short direct and easy grade outlet tho mil
hons people and inexhausbe products Of the West to
the Atlantic Coast and in furnishing them with
the of East and cheap coal and cheap
iron along the line the road It's trac DO
immense. It will cost fully equipped, upwards of
$soOOOOO Ofthe whole length of the line 427 miles, at
this date 800 miles completed the grading
ly done the remainder the iron being rapidly laid
and during November 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 and the masonry first
class in every respect
The total amount of these Bonds is $I5OOOOOO The
sold by the date of bringing the loan
is $14, $4,000
The amount offered by us Is made up follows
Unsold balance Of loan abovc........... $slo4Oo
Repurchased and received in exchange for De-
benture Bonds Of the COMPANY .............. 2Asso
Leaving balance subject to proposals. 9z3700
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 good q Bond great
road, at moderate price, is rarely offered
The Bonds Issued in denominations Of $780, $500 and
$1,000 either coupon registered interest payable May
and November both principal and interest payable In
New York city, in United States gold COIN The accrued
interest from May will be added to all accepted pro-
posals
Proposals should be addressed to
FISK HATCH, Financial Agents
Chesapeake and Ohio Railroad Company.