Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1871-10-30
Chesapeake & --FiVe-TVenties
Central Paci6CS.
BANKING OFFICE OF
FISK e. HATCH,
No. 5. Nassau Street, New York.

l September 18th, 1871.
OF the FIFTEEN MILLION CHESAPEAKE and OHIO
SIX PER CENT. LOAN, but about a, 800, 900 remain
unsold, and this remainder will be taken up rapid
lily.
The five years. option having expired on all Sc.
ries of FIyE-TwENTY BONDS, except 1858 and
| 1868, they are liable to be called in tor payment
The redemption of 100 millions FIvE-TwENTIEs in
| coin, and the purchases by the Government during
| the ensuing four months, with the premium there
on will release about $50 millions of invested cap
ital, independently of dividend and interest pay.
| ments, the greater part of which must seek REIN
vestment
The Chesapeake and Ohio Skies
have absolutely 80 years to run are especially de.
sirable for steady investments, and now be
bought
IL per cent. less than Ten-fOrties,
10 per cent. less than Five-twenties,
25 per cent. less than Skies OF 1851.
and are equally sure to be paid principal and In.
terest in gold coin. Their amount is limited by the
| Trust Deed to sl5,OOoO 900. Price lat presently Oh
| and accrued interest, that is, without coupon
| tached, payable Nov. l.
$1,000 Chesapeake and Ohio Bond costs to-day
| $95416.
| $500 Chesapeake and Ohio Bond costs to-day
s4770s.
800 Chesapeake and Ohio Bond costs to-day
s9542.
Only small amount the latter denominations
remains, and no more can be made. Bonds are In
| coupon or registered form, same as Fve-swenties
This debt is created by the Chesapeake and Ohio
| Railroad Company in order more speedily and ef
fectually to extend and complete the main line Of
| their Road to the Ohio River. This work-the
| most important internal Improvement
now progressing in the cOuntry-is rapidly
approaching completion. 1t will establish another
| and superior line of communication between the
Ohio and Mississippi valleys and the eastern cites
bringing ten millions of people, mainly producers,
nearer to the centres of consumption in the Ea St
States, and nearer to the political and CONNER.
cal capitals of their country Such is the COM
| manding Importance of this Trunk Line that the
larger cities of the West are projecting feeders to
connect with it, SO as to avail themselves of its
| unequalled facilities as it is completed.
Large tracts of valuable coal and iron lands along
its route passing into the hands of practical
miners and iron manufacturers; large city is
sprnging up at the western terminus the head of re-
liable navigation on the Ohio where it ntersects
II 900 miles of river transit and will soon be in
connection with 10000 miles of railroad carriage.
The CENTRAL PACIFIC SIX PEE CENT. BONDS
Their amount fixed by act of Congress at 1885,.
600, is secured by property worth four times their
value; they only be bought in the open market.
and are becoming scarcer in consequence of their
gradual absorption by investors here and in Eu-
rope; they have ready money market in
| all the principal money centres, and have
still twenty -four years to run the earnings of the
| road are steadily increasing, and will probably
reach $40 900 900 for the current year, afording
| handsome surplus after payment of expenses and
interest. Present price, 10ik 10 l02.
| When the Chesapeake and Ohio Railroad is CON-
pleted in 1872, and the Bonds dealt in at the
Stock Exchanges of the world, we have doubt
| they will be equally popular with the Central Pa.
cities. Both principal and interest OF To Central
| Pacifcs and Chesapeake and Ohio Bonds,
specifically payable in gold coin in New York the
interest on the former being paid January and July
| and of the latter, May and November, correspond
| ing with the two classes of Fivetwenties.
We recommend either of them to friends and
customers with the same confid nee that did tn
Five-twenty bonds, when we were selling millions
| of them for the United States Government
| We buy and sell Five-Twenties, Ten Forties
| Eighty Ones, and Central Western Pacihcs, or
receive them in payment for Chesapeake and Ohio
| Bonds at their current marketprce.
Orders for Chesapeake and Ohio Bonds, accom-.
panied with Drafts or Checks may be forwarded
to us by mail. Bonds or money may be forwarded
by any responsible Express Company at our ex-
pense, and the Chesapeake and Ohio Bonds, in ex.
change, will be sent by return Express, charges
paid. FISK 4 HATCH.
| p. S.-Accounts of Banks, Bankers and sthers
received, on which allow Four per Cent. inter.
| est.
| Certificates of deposit issued and collections
made in all parts of the Union.
| HARVEY FISK.
A. s. HATCH, Oct3.teodIm &wAw