New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1871-04-05
BANKING AND FINANCIAL.
HARVEY FISK.


BANKERS aud Dealers in Government Securities,
| No. Nassau-st New-York April T. 1871.
| The success of THE NEW FUNDING LOAN thus far,
! in the face of many obstacles and disadvantages,
warrants the assurance that the Five-Twenty bonds
will from this time forward be rapidly funded at
lower rate of interest and that the time has gone by
| when United States bonds can be expected to yield
| more than about four per cent per annum on their
market value.
In thirty days, subscriptions for S50,000,0O0
| of the FIVE PER CENT LOAN have been received
at the Treasury Department payable in God or Fire
nrenig bonds al pGr-equal to about 10 per cent pre-
MUM in Currency.
Holders Of Fire Tcenfy Bonds must shortly decide be-
reen exchange for Government bonds bearing >,
A. or per cent interest. and other form Of Unrest
ment in which the present premium on their Five
Twenties may he saved and their rate of interest re-
main unimpaired.
Safe and reliable six per cent securities, in which
investors can feel confidence which can now be OBJ
tanned in exchange for Five-Twenties at consider
able difference or bought for new investments much
below the Government FIVE PER CENTS, must be
largely sought after aud materially advance in
market value, as the certainty that the Fiye-Twen-
ties cannot be relied upon 10 run much longer at 8
per cent becomes apparent.
THE CENTRAL PACIFIC GOLD BoNDs are especially
desirable, for the following reasons viz:
l. They are secured by first lien on one of the
most productive and profitable railroads in the conn
try worth several times the amount Of the mort
gage.
2. They have the further security of the pledge of
the credit and good faith of one of the richest and
most successful corporations in the country, dis
tinguished for its able and honorable management
and high credit and having full paid capital stock
of about SGOOOOO00, with authority to increase its
capital TO Sl0O,OOO0OO.
3. They have a fixed time to un-now about 25
years
4. They are well known and of established credit
in all the principal money markets of the world and
are regularly quoted and dealt in at the Stock Ex-
changes of New-lork, Amsterdam, Frankfort Berlin,
and London and are as readily salabe in large OF
small amounts at any time at quoted market rates,
as are Government bonds.
The earnings of the Central Pacific Railroad Com
pany in 1870 were nearly SSOOOOOO and the increase
for January and February of this year indicates that
the earnings for 1877 will not be less than from
SlO,WO,OO to Sl2OOOOOO with a net profit of not
less than S5O00OO0, while the interest Liabilities of
the Company are less than S2OO0OOO per annum.
We deal in these bonds, and buy and sell them at
current market rates, and believe them to be as alb
solntely safe any investment can be-
They can now be had in exchange for Fve-Twen-
ties at profit of about 10 per cent This profit
may be realized and per gold interest contin-
ued with entire safety. FISK * HATCH
BURLINGTON, CEDAR RAPIDS AND MINNESOTA
RAILwAY.-The completion of this Road has given to
its First Mortgage Seven per Cent Gold Bonds an
established character equal TO any mortgage issue
dealt in at the Stock Exchange We are prepared to
buy and sell these bonds, at any time at our Bank
ing House, at market price-thus placing them on
the same basis, for temporary permanent invest
ment, with Governments or any other security.
These bonds first and only mortgage of
$4,000 per mile. based railroad that has cost
$4,000, and which commands without competition
all the traffic Of Northern Iowa and Southern Mime
sota-shortening the distance from St. Paul to Chi
cago IS miles, and TO St. Louis more than 90 miles,
The net earnings are already largely in excess Of
interest the bonds and doubt exists that they
will more than double within the ensuing year
contract has been secured with the Chicago
burlington and Quincy Railroad Company obi
eating tho latter to invest so per cent Of gross earn
ings derived from traffic with the Burlington, Cedar
Rapids and Minnesota Road in tho bonds of this
Company This arrangement makes practical con-
SolidatioD of the two roAdA aud establishes largo