Litchfield enquirer., 1871-12-14
HARVEY FISK. A. s. HATCH "" sA gTaNr a9nNs
 FISK q EEAT TcH SS
BANKERS

BANKERS
 & DEALERS IN GOVERNMENT SECURITIES, N9ffM sgllE1W NSlgSkW W
 Mo- Nassau Street,
 Nev York, Noy. 20, 1871. three-fourths of the FIFTEEN MILLION LOAN OF THE CHESA PEAKE AND OHIO RAILROAD COMPANY, and the energetic prosecution, ,ofsthe work ofsextension and prepa- ration of the road for an extensive mineral, ag- ricultural, and through traffic, have placed the financial affairs and resources of the Company upon such basis, that we are directed to ad- vance the price for future sales of the bonds as explained in the following letter of Mir. Hunting ton, President of the Company. sE
 &ses I8EA &A E8s
 OFFICE OF THE CHESAPEAKE X OHIO R. R. Co.,,
 54 William St., New York,
 NOVEMBER Is, 1871. Messrs. FISK X HATCH, Bankers < Financial Az ts O 10. RssR. O.. Gentlemen:
 The Western Division of the Chesapeake and Ohio Railroad comprising the 95 miles between Huntington and the Ohio River, and the mouth of New River labove the Falls of Kanawah), is now substantially comp pleted, and will, in few days, be ready to do the immense coal and other business that IS awaiting it's completion The Eastern Division, comprising 227 miles, between White Sulphur Springs and Richmond, is now in complete order and successful operation. The grading and masonry on eleven of the 102 miles, between the mouth of New River and White Sul- phur Springs, is complete, and the work on the remaining 9l miles is so far advanced that track road in May next, and continue without inter- ruption until the whole line is completed.
 In view of these facts, you are hereby directed to make no further sales of the Bonds of said Company at a less price than 94 and accrued in- terest, at which price you will continue to sell until further orders.
 Very respectfully yours,
 c. P. HUNTINGTON, President. In compliance with the foregoing instructions the price of the Bonds, from this date, until fur ther orders, will be 94 and accrued interest.
 The scarcity of and demand for, really
 Desirable six percent. Gold Bonds, for solid and permanent investments, is evinced by the fact that
 Fiye-Twenty Bonds of 1867 are selling at. <. 115 Central Pacific Bonds are selling at. 2. 10s Chesapeake $ Ohio Bonds are selling at. 94 These bonds all pay both principal and interest in New, York City, in U. s. gold coin, and are equally safe for investment, aE1a
 The reason why Fiye-Twenty Bonds are so high IS because no more can be issued, and the out standing amount is being rapidly decreased by purchases by the Government from their surplus revenues. s sss5k1 ,s5e Nsals1 ! The reason why we think the Central Pacific Bonds will in time adyance to the price of Five Twentles, IS because no more can be issued. while the operation of their Sinking Fund will soon commence to decrease the amount. The reason why Chesapeake and Ohio Bonds are selling so low, comparatively while equally safe, is because the Company are selling Bonds to complete the road. They will all be sold in $ short time, and in few months the road WiII- be finished, when we have no doubt the same result will follow as with live Twenty and Central Pa cifc Bonds. The Sinking Fund of the Chesapeake and Ohio must go into effect within one year af- ter the complexion o1 the road. aEglaa The Chesapeake and Ohio Bonds are issued either coupon or registered tue denominations g-a. .s - |sGs. s'sa sgssgs 10 9s 1s& Vi aaa1aN $100. which cost to day...ss.. U. j. .S9a.1s $500, sss ,sa5 Hsssia s.saIas gsas 47f ke si,oOo. l.ssa. -, ssss o4s. IIl 1o Orders for Chesapeake and Ohio Bonds. may lu,s, or accompanied with Drafts or Checks. may be forwarded to us by mail. Bonds or money may be forwarded by any responsible Express Con- pany at our expense, and the Chesapeake and Ohio Bonds, in exchange, will be sent by, return Express, charges paid. a s.s - sgis.s We buy and sell Govsrnment and Central Pa ciiic Bonds. and receive them in exchange for Chesapeake and Ohio Bonds ssA a < s#ssEsss ' sass@ Accounts of Banks, bankers and others receiy- cd, on which we allow interest at the rate of four per cent. per cent per annum.
 B1-2m FISK HATCH, Financial Agents.