Bellows Falls times. [volume] (Bellows Falls, Vt.) 1856-1965, 1871-12-29
HARVEY FISK. A. S. HArca.
EI6 K x II A r G 81
BANKERS
aud Dealers in Government Securities
No. 8, Nassau Street, New York.

aud Dealers IN Government SECURITIES.
No. 8, Nassau Street, New York.
Nor. 20. 1871.
The successful and rapid negotiation Of nearly
three. fourths Of the tlFrEEN MILLION
LOAN OF THE CnEsAPEAKE AND
ONO RAILROAD COMPANY. and the en-
ergctic prosecution of the work OF extension and
preparation OF the Road for an extensive mineral.
agricultural and through traffic have placed the
financial affairs aud resources of the Company up
on such basis. that are directed TO advance the
price for future sales of the Bonds explained In
the following letter of MIR. Huntington. PRECEDENT
of tho Company;
OFFICE CnEsApEaK. AND ONO RAILRosp COMPANY.
81 William Street. New York
NOVEMBER is. 1871.
MEssRs. FISK 4 II srcH.
Bankers and Financial Agents C. 4 o. r. r. Co.;
Gentlemen.
The Western Division of the Chesapeake and
Ohio Railroad. comprising the % miles between un
lineton. on tue ohio river. and the mouth Of New
River (above the Falls OF knnawha) Is now substan
italy completed. and will in few days he ready to
90 the immen.eco ant other business that Is await
ing iis completion. The Eastern Division. compris
ing 22 miles between White sulphur Springs and
Richmond. Is now in complete order aud successful
operation. The grading and masonry on eleven OF
,he l0a miles between the mouth Of New River and
on the remaining 81 miles is so far advanced that
track LAYING viii be commenced on this portion Of
rupton until the whole line is Completed,
In view of these facts you are hereby directed 70
make no further sales OF the ltonds OF said Compa'
ny at less price than o. and accrued interest," at
which prceyou will continue TO sell until further
orders.
Very respectfully yours.
4. r. HUNTINGTON. President.
In compliance with the foregoing instructions. the
price OF the Bonds from this date until further
Aa.a he "A .al ...ta
The scarcity of, and demand for. really
Desirable six per cent, Gold Bonds,
for solid and permanent Investments. is evneed by
tho facts that
veTwenty Bond. Of 1867 are selling at. )
Central Pacific Bonds are selling at-......-.1O3
he-npeake * Ohio Bonds are selling at...-94
These bonds all pay both principal and interest in
New York City. in U. S. Gold coin. and equally
safe for Investment
The reason why Fiye-Twenty Bonds are so high is
because more can be issued, and the outstanding
amount is being rapidly decreased by purchases BY
the Government from their surplus revenues.
Therea why we think Central Pacific Bonds
will in time advance TO the price Of Five -Twenties,
is because no more can be issued. while the opera :
tons of their Sinking Fund will commence
TO decrease the amount.
The reason why Chesapeake and Ohio Bonds are
selling so low, comparatively. whie equally SAFE Is
because the Company selling Bonds to complete
the road They will all be sold in short time. and
in few months the road will be finished. when we
have nod doubt the same result will follow as with
| Five-Twenty and Central Pacific Bonds. The Sink
ing Fund of the Chesapeake and Ohio must 20 into
| effect within year after the completion Of the
/ road.
| The Che-apenke s. Ohio Bonds are issued
/ either eupOn or rezistered-the denominations are
as follows.
! 500 which cost to day ...........-.......s 9i
1000 . ......-,......-........a !. Z -. !, ~
I 81 900. ........,.............8i3.t2
Orders for Chesapeake and Ohio Bonds may b.
sent through any National Bank Banker; or ac'
4 companied with Drafts or Checks. may be for
warded to US b. mail. Bonds or money may be for
warded By any responsible Express Company at our
expense and the Chesapeake and Ohio Bonds. il
exchange will be sent by return Express charges
I paid.
| We buy and sell Government and Central Pacific
Bonds. aud receive them in exchange for chesapeal
and Ohio Bonds.
/ Accounts OF banks. bankers and others received
on ekich ao,s at the rats II four per cen
4 per
FISK s HATCH
1857 financial Agents.