Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1871-11-29

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The successful and rapid negotiation Of nearly three
ourths OF the FIFTEEN MILLION LOAN OF THE
CHESAPEAKE AND ONO RAILROAD COMPANY,
and the energetic prosecution Of tho work Of extension
and preparation OF the Road for an extensive mineral
agricultural and through traffic have placed the dnan-
eial affairs and resources Of Tho Company upon suh
basil that directed to advance the price for future
sales OF the Bonds explained in the following letter Of
Mr.. HrNNoroS, Pres.dcntof the Company
orfcr CuysArEAKE AVN ONO RAlLnoAD CourASN
50 William Street New York
NOVEMBER l9, 1871.
Slossrs FISK & HArcn
Bankers and Financial Agents c. o. R. z Cos
Gentlemen
Tho Western Division of the Cbes,peat, and Ohio
Railroad, comprising the IS miles between Huntingdon
the Ohio River. and the mouth Of New River ubove
the Falls OF kanawhal Is now substantially compl.ted
and will in few day be ready 10 do the Immense coal
nd other business that B. awaiting ts completion. The
Eastern DIVISION comprising ~ miles, between White
der and successful operation The grading and masonry
on eleven Of the 10! miles between the mouth Of New
River and White sulphur Springs Is complete, and the
work tho remaining 81 miles far advanced that
track laying will be commenced this portion Of the
road In May next and continue without interruption
until the whole line iseompetcl.
In view Of these lcts, hereby directed make
price than 81 and accrued interest at which price you
Will continue TO sell until further orders
Very respectfully yours,
c. P, HUNTINGTON, Prudent.
In compliance with tho foregoing instructions, tn,
price of the Bonds rom this date until further orders
wall be 81 and accrued interest.
The scarcity Of and demand for, really
DESIRABLE SIN PER CENT GOLD BONDS
for solid aud permanent Investments evneed by tn,
facts that
PIVE-rwENTY BONDS Of lsol are selilngat II.
CENTRAL PACIFIC BONDS are selling at 10
CHESAPEAKE ONO BONDS are selling at 9
These bonds all pay both principal and Interest In New
York city In L $, gold coin, and equally safe fo
Investment
The reason why FiyE-TwESr BosBs are so high {
because can DO Issued aad the outstandin,
amount Is being rapidly decreased by purchases by thu
Government nom their surplus revenues.
Tho reason why We think CESrRAL PAciric Bovp
viii in time advance to the price F,e-Twcnes Is DO
cause no be Issued while the operation Of the
sinking fand will soon commence to decrease IN,
amount
Tho reason why CursArgAkg AND ONO BoSDs ar,
sellng so low. comparatively while equally safe is be-
cause the Company selling Bonds to complete the
road They will all he sold In a short time and in a few
months the road viii be finished when have no doubt
tho same result will follow as with FfyR-TwsSrY and
CENTRAL PACIFIC Bonds. The Sinking Fund Of the
Chesapeake and Ohio must 20 into effect within one
yeir amer the completion Of the road
Tho CHESAPEAKE ONO BONDS are Issued either
coupon registered denominations are as follows
500, which cost to-day ...............,....s9II3
$500, ....................i7Lm
sioo, ....................9oIg
Orders for Chesapeake and Ohio Bonds may be sent
through any National Bank Banker, or accompanied
with Drsiis or Checks, may be forwarded to US by
mail. Bonds or money may be- forwarded by any 70
sponsble Express Company at our expense, and the
Chesapeake and Ohio Bonds In exchange will be sent by
return Express. charges paid
We buy and sell Government and CENTRAL Pacific
BosDs and receive them Ia exchange for CnEsAPEAEg
AND ONO BoSDs.
Accounts OF Banks bankers, aud others received on
rAh aiop afsrssf al As Of four per cent PEI,
annHla
FISK & HATCH,
$500 Financial Ageas.