Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1871-10-09
Chesapeake & Ohio FiVe-TWentieS
Central PaCifCs.
BANKING OFFICE OF
FISK e. HATCH,
No. s, Nassau Street, New York.


September 25th, 1871.
OF the FIFTEEN MILLION CHESAPEAKE and OHIO |
Six PER CENT. LOAN, but about s4,5O0, 900 remain |
unsod and this remainder will be taken up rapid |
ly.
The five years option having expired on all Sc
ries of FIvE-TwENTY BONDS, except 1865 and
1868, they are liable be called in tor payment.
The redemption of 100 millions FIvE-TwEATIEs in |
coin, and the purchases by the Government during
the ensuing four months, with the premium there |
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; especially de- /
sirable for steady investments, and can now be |
bought
IL per cent. less than Ten-fOrties,
10 per cent. less than Five-twenties,
rs per cent. less than Skies OF 1851.
and equally sure to be paid principal and in
terest in gold coin. Their amount is limited by the
Trust Deed to sl5,Ooo,Ooo. Price (at present. %
and accrued interest, that is, without coupon at
tachede payable Nov. l.
s1,ooo Chesapeake and Ohio Bond costs to-day
s454.l6.
$500 Chesapeake and Ohio Bond costs to-day
s477.os.
800 Chesapeake and Ohio Bond costs to-day
s95.42.
Only a small amount of the latter denominations
remains, and no more can be made. Bonds are in
| coupon registered form, Fivetwenties.
| This debt is created by the Chesapeake and Ohio
| Railroad Company in order more speedily and ef-
fectualiy 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 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.
manding 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 as it is completed
Large tracts of valuable coal and iron lands along
its route are passing into the hands of practical
miners and iron manufacturers; large city is
springng up at the western terminus the head of re-
liable navigation on the Ohio, where it intersects
900 miles of river transit, and will be in
connection with 10000 miles of railroad carriage.
The CENTRAL PACIFIC SIX PER CENT. BONDS
| are safe for investment Government bonds
Their amount fixed by act of Congress at $25 1885,
|
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 a ready money market in
all the principal money centres, and have
still twenty -four to rum the earnings of the
| road are steadily increasing, and will probably
reach 100000 for the current year, affording
handsome surplus after payment of expenses and
interest Present price, l0la TO l02.
(naaa al Dill
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 Cent al
Pacifcs and Chesapeake and Ohio Bonds, are
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 Fve.twenties.
We recommend either of them to friends and
customers with the same conid nee that did tn
| Five-twenty bonds when we were selling millions
of them for the United States Government.
| We buy and sell Five-Twentiee Ten Forties
Eighty Ones, and Central or Western Pacifcs, or
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. 5. HATCH. Oct3- teodlm&w4w