Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1871-10-23
Chesapeake & Ohio. FiVe-TVeltieS
Central PaCifCS.
BANKING OFFIcR OF
FISK e. HATCH,
No. 5, Nassau Street. New York.

20 N " IL ]
No. s, Nassau Street. New York.
September 25th, 1871.
OF the FIFTEEN MILLION CHESAPEAKE and OHIO
SIX PER CENT. LOAN, but about 81 800, 900 remain
unsold, and this remainder will be taken up rapid
ly.
The five years. option having expired on all se
ries of FIvE-TwENTY BONDS, except 1865 and
1865, they are liable to be called in tor payment.
The redemption of 100 millions FIvETwENTIEs 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-
srabe for steady investments, and can now be
bought
IL per cent. less than Tcn-forties,
30 per cent. less than Five-twenties,
2J 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,oo0,000. Price (at present. 93
anf accrued interest, that is, without coupon a
tached, payable Nov.1
$1,000 Chesapeake and Ohio Bond costs to-day
s954l6.
$500 Chesapeake and Ohio Bond costs to-day
$i770s.
800 Chesapeake and Ohio Bond costs to-day
S95.43.
Only n small amount the latter denominations
remains, and no more can be made. Bonds are In
coupon Or registered form, same Five-twenties.
This debt is created by the Chesapeake and Ohio
Railroad Company in order more speedily and eff
fectually to extend and complete the main line of
their Road to the Ohio River. This work-the
most important internal Improvement
now progressing i'm the cOuntry-is rapidly
approaching completion. 1t will establish another
and superior line of communication between the
Ohio and Mississippi valleys and the eastern cities;
bringing ten millions of people, mainly producers,
nearer to the centres of consumption in the East
States, and nearer to the political and CONNER
cial capitals of their country. Such is the COM
mandng Importance of this Trunk Line that the
larger cities of the West projecting feeders to
connect with it, to avail themselves of its
unequalled facilities soon 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
springng up at the western terminus the head of
liable navigation on the Ohio where it intersects
connection with so 900 miles of railroad carriage.
The CENTRAL PACIFIC SIX PER CENT. BONDS
safe for investment as Government bonds
Their amount fixed by act of Congress at s25 ss5,
600, is secured by property worth four times their
value; they can 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 n ready money market I'm
all the principal money centres, and have
still twenty -four years to run the earnings of the
road steadily increasing, and will probably
reach $l0 900 for the current year, afording
handsome surplus after payment of expenses and
interest. Present price, l0ll to l02.
When the Chesapeake and Ohio Railroad is COM
pleted, in 1872, and the Bonds dealt in at the
Stock Exchanges of the world, we have no doubt
they will be equally popular with the Central Pa
cities. Both principal and interest of the 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 Five-twenties.
We recommend either of them to our friends and
customers with the same confd nee that we did tn
Five-twenty bonds, when were selling millions
of them for the United States Government.
We buy and sell FiveTwenties, Ten Forties
EightyOnes, and Central or Western Pacifcs, er
receive them in payment for Chesapeake and Ohio
Bonds at their current market price.
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 HATCH.
p. S.-Accounts of Banks, Bankers and others
received on which we 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. teodlm&wiw