Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1871-12-14
HARVEY FISK. A 3. HATCH
FISK & III A I G. III
HARVEY FISK
A 4. HATCH
BANKERS,

BANKERS,
AND DEALERS IN GOV RNMHNr r e.
RITES,
No. NASSAU STREET,
New York, Nov. 20, 1871.
The successful and rapid negotiation of nearly
three-fourths OF the FIFTEEN MILLION LOAN
OF THE CHESAPEAKE AND OHIO RAIL
ROAD COMPANY, and the energetic Irosecu-
ton OF the work OF extension and preparation OF
| the Road for an ex ensive mineral, agrlcul ural
and through traffic, have placed the financial at
fairs and resources of the Company upon such
bass, that we are directed to advance the price
for future sales of the bonds, az explained in the
| following letter OF MIR. Huntington, President OF
| the Company
OFEIoE CHEsAPEAKE AND ONO RAILROAD Co.,
81 William stree ct, New YorE,
NOVEMBER Is, 1871.
| Messrs. FISK & HATCH,
Bankers ard Financial Agrn ts G. d y. R.
K. Co..
Gentlemen
The Western Division OF the Chesapeake and
| Ohio Railroad, comprising the IS miles between
Huntington, on the Ohio River, and the mouth of
| New River labove the Falls of Kabawhal is ow
SUBSTANTIALLY competed, ana WI i, IN a lew DAYS,
be Tea y 10 do the lmmens4 coal and other ousl-
ness that is awaiting its completion. The East
| ern Division, comprising 227 miles, between
| White Sulphur Springs and Richmond, is now In
| complete order snd successful operation. The
grading and IN 4sonry on eleven OF the lo2 miles
| between the mouth of New River and White
| uphur Spring is complete, snd the work on the
Remaining 81 miles is go far advanced that track
| Iayirg will be commenced on this PORTION OF the
| 70 id n May next, ard continue Wi bout inter
ruption un il the whole line is completed.
In view of these facts, you are hereby directed
| to make no turther sales of the Bonds Of SAID
| Company at a less price than "a and accrued in
terest, at which price you will Continue to sell IN
| til further orders.
Very respectfully yours,
| &. P. HUNTINGTON, President.
| In conf lianee with the foregoing instructions,
the price of the Bords from this date, until fur
ther orders, will be 81 and accrued Interest.
TIE scarcity of, aid demand for, re Ally
DESIRABLE SIX PER CENT GOLD BONDS
for solid and permanent investments, is evinced
by the facts that
Frve-Twenty Ponds of 1851 are selling at rs
Central Pacific Bonds s-ling at lob
| chesapeake and Ohio Bonds are selling at 81
These bonds all pay both principal and interest
New York city, il U. 5. gold coin, and are
equally safe for investment.
The reason why Five-Twenty Bonds are so
high is because no more can be issued, and the
outs andIng amount is being rapidly decreased
by purchases by the Government from their sur
plus revenues.
The reason why We think Central Pacific Bonds
will in time ADVANCE 20 the pric4 of FIve-Twen-
ties, is because more can be issued while the
operation of their sinking fund Will soon con-
mence to decrease the amount.
The reason why Chesapeake and Ohio Bon-s
are selling so low, comparatively, while equally
safe, is because the Company are sci ing bonds to
comp IL the road. They Will all be sold in a
short time, and IN few mon rs the road will be
finished. when We have no doubt the same result
Will f ow with Five-Twenty AID Central Pa
cdc Bonds. i he sinking fund If the Chesapeake
and Ohio must gn into effect within one year az
ter the completion Of the road.
The Che-apsase and Ohio Bonds are issued
either upoa OF 1. gisyered the denominations
follows
81 0. which cost today, s94l3
$500, AL IS
$1,000, gl}.l2
Orders for Chesapeake and ONO Bonds may be
cent through any National Bank OF Bank.r or
accompanied Nth Drafts htoks, may be tor
warded u : by mai. B ,nds or money may be
forwarded by any responsible Express Company
at our expense, and the Chesapeake and Ohio
Bond-, in exchange, will be sent by return tx
press, charges paid.
We buy and sell Government and Central Pa
cifr Bonds and receive them in exchange for
Chesapeake and hio BIRDS.
Accounts OF banks, bankers and others received,
on which allow interest At the rate of +, ur per
cent per annum.
FISK e HATCH,
nov4leOd ~ 2m Financial Agents