The New York herald., 1870-02-17
FINANCIAL.

FINANCIAL.
HARVEY FISK. A. 3. HATCH.
OFFICE OF FISK Z HATCH,
Bankers and Dealers in Government Securities.
No. o.bNAssAU STREET. NEW YORK,
Feb. IL. 1870
the loans of the Central Pacific Railroad Company
Western Pacific Railroad Company and the popularity and
credit which these loans maintained in the markets
beth in this country Europe during their
original negotiation, have confirmed the following views.
heretofore entertained and expressed, VIII
Frss-Thas the rapid absorption national securities
by purchases for the Sinking shipment Eu
rops and the consequent release invested espal.
sshsr with new accumula.ons wealth among the people,
demanded other forms investment combining the neces
sasy elements of safety and reasonable income.
secondTha this of capital habua.sd to the sense
Of absolute security with which rspossd In
bonds would grca, extent encounter the risks Of
business or speculation only sock investment in
substantial and solid securities
ThdThat the mortgage bonds Of wisely located and
honoraby managed railroads would be promptly recognized
and readily taken the suitable. safo and advan.
taseous form Of investment yielding more liberal income
than hereafter government bonds snd
available to take their place.
Fourth careful judgment thorough scrutiny
with which have sought make selections Of loans
calculated to the and command tho confidence
OF the large circle of intelligent prudent investors
capitalists. trustees, institutions, &C., with which busi-
government securities placed US in communica-
ton, iusaed approved the fidelity and good
faith with which TO study their interests arc
cognized and accepted
Profoundly impressed from beginning with the respon
sbiy in the recommendation OF loans and with
the of accept when we invite the
public the researches and 10 our
professional judgment integrity is with peculiar sa,s-
faction that We see the loans hitherto recommended and ne
goated by and tho roads upon which they
vindicang judgment than realizing our arg-
Assured that in the selection and negotiation of superior
railroad loans meeting great public want and rem
deng valuable service both the holders Of capital and
to those great national works of Improvement
intrinsic and substantial character entie them
to the OF capital the investors VIC now
offer with special conhdencs and satisfaction tho
FIRST MORTGAGE BONDS
OF THE
CHESAPEAKE AND OHIO RAILROAD COMPANY.
The Chesapeake and Ohio Railroad connecting the Atlantic
ooas. and tho hsrbors Of the Chesapeake Bay
with the Ohio river point Of reliable navigation thus
with system water transportation Of
the sea. West Southwest affords the additional East and
West Trunk ne impcratvey demanded for the accom-.
nodation Of the and rapidly growing transpora-
ton between the Atlantic seaboard and Europe the
hand and great producing regions the Ohio and Mis-
sssaippi valleys the other
The Increasing demand manufactured products
s Eassrn staes and Of Europe by tho growing ana
porous population Of the West and the multiplying products
Of the West seeking consumption Tho Atlantic States ant
Europe, resulting in nterchanEing trac and
portaon whose magnitude surprises now, and OF
dimensions which we can scarcely form con-
cepsion.
Tho importance Of this road, therefore, new outlet
from the West TO the sea, magnides It into OF national
consequence to extensive through t.ac
from day competion WHILE in the development OF
agricultural resources Of Virginia
and West Virginia, along line the Gle.
ments Of a large and profitable local business.
The wealth that lies buried under innumerabe acres Of
vast territory, springs from its boom is compare
lively inert useless until tho whistle Of the locomotive
from the cpose centuries into activity
and value.
Thus tho Kanawha coal fields of West Virginia. though
known be very abundance quality and varieties
have heretofore been practically idle and unavailable from
lack of railroad facilities.
Varieties there exist elsewhere in this
country except comparatively Insignificant quantities and
remote from market.
spnt COAL 0! quality Of peculiar value for the
manufacture Of iron thcro great abundance to-
Ceter with superior Camel Coal equa to the best Scotch or
Wes which, by the opening this road can be placed IN
prime res half at which Is
now imported from abroad.
tits believed That the coal West Virginia alone would
enrich any communication which should afford Il
access Market much difficult costly
that which IS now beIog provided.
Ono hundred miles east OF this coal region tho celc-
braed iron ofvirsnia, AMI within hundred miles
northwest the lIne of the road those
OF West Virginia Ohio All OF these need the s2nt Of
the knnawhs which IS NE only known substitute for charcoal
~-I
In the manufacture Of the best class Of pig ron II well
known that the consumption Of charcoal for this
purpose II cyhaunG the forests in the vicinity Of active