New-York tribune., 1872-09-10
BANKING AND FINANCIAL.
Observation-Disclosures FOR PROPOSALS.

FINANCIAL AGENTS OF THE CHESAPEAKE MD .
i-'-'I 'I0 OHIO X. K. CO., NEW-YoGK, Sept D. ie'%''
BY direction of the President and Directors Oh tne
Chesapeake and Ohio Railroad Company we oner'
for proposals, all the remaining balance OF tnen
FIRST MORTGAGE SIX PER CENT GOLD BoNDs, now
amounting to S9,a2s,7oo. Proposals mast be accom-
panied by deposit of 3 per cent, and will DO ro-
ceiyed up to- and including Monday, the l6th inst'
the Directors reservng the right to reject any pro-
posals which it may not be for the interest Of the
Company to accept. The 5 per cent deposit viii be
applied toward the payment, in case Of accepted
bids and returned to those whose proposals arc not
accepted.
The President Of the Company, Mr.. c. p. HUNT-
ryGroy is well known as The VicePresident Of the
CENTRAL PACIFIC RAILROAD COMPANY, and tho same
energy displayed in the management of that corpo-
ration. and to which it's remarkable success is 80
LARGELY due. is being put forth in the CHESAPEAKE
AND OHIO.
The Board of Directors is composed Of probably as
strong and able men as were ever associated
together to carry out great enterprise Among
them are tho following well known New-York mer-
chants: Messrs A. A. Low, WM. H. AsPNwALL-
JoxAs g. CLARK, DAVID STEWART, WM WHITE
WRIGHT.
This road will extend from Richmond to the heart
of the great West at point on the Ohio River Sl3
miles below Pittsburgh, where it viii at once con-
meet with 1900 miles of river navigation, and soon
by connecting roads with the whole great system Oh
Western railroads, thus giving short direct, ana
easy grade outlet to the millions Of people and in
exhaustbe products of the West to the Atlantic
Coast and in return furnishing them with the man
ufactures Of the East, and cheap coal and cheap
iron from along the line of the road. Its traffic
must be immense 1t will cost, fully equipped, up
ward of S3O,OOO,O0O. OF the whole length of the
line 427 miles, at this date $50 miles are completed;
the grading is nearly done on the remainder, the
iron is being rapidly land and during Novembernext
il 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 frst-class IN every respect
The total amount Of these Bonds is Sl5,OOOO
The amount sold by us from the date of bringing
out the loan is $l44S9G0O.
The amount now offered by us is made up as fol-
lows:
Unsold Balance Of Loan as above......... S5lO,4OO
Repurchased and received in exchange for
Debenture Bonds of the Company. 2,413,3OO
Leaving Balance subject to proposals. S2,928.7Oo
Should the Proposals exceed this amount, proper
award among the accepted proposals will be made
An opportunity for Savings Banks, Insurance Com
panies Estates, and Investors to get good Bond
on great road, at moderate price, is rarely Of
fered
The bonds are issued in denominations of 800,
$500 and 81 900: either Coupon Registered; In
terest payable May and November, both principal
and interest payable in New-York City, in u Gold
Coin. The accrued interest from May 1st will be
added to all accepted proposals.
Proposals should be addressed to
FISK & HATCH, Financial Agents,
Chesapeake and Ohio Il. r. Company
ST. JOSEPH AND DENVER CITY RAILROAD
CoMPANYs
FIRST MORTGAGE BONDS