Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1871-10-16
Chesapeake & Ohio. FiVe-TVeltiei
Central Pacifcs.
BANKING OFFICE OF
FISK e. HATCH
No. 5, Nassau Street, New York.


September 18th, 1871.
OF the FIFTEEN MILLION CHESAPEAKE and OHIO
SIX PER CENT LOAN, but about 81, 500 600 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 1s67s and
1868, they are liable to be called in tor payment
The redemption of 100 millions FIvE-TwENTIEs 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 rum are especially de-
sirable for sseady Investments and can now be
bought
~ per cent. less than Ten-forties,
30 per cent. less than Five-twenties,
Is per cent. less than Skies of 1881.
and are equally sure to be paid principal and In
terest in gold COIN Their amount is limited by the
Trust Deed to al5,000yO00. Price lat presently %
and accrued interest, that is, without coupon
tached, payable Nov1.
81 900 Chesapeake and Ohio Bond costs to-day
s95il6
$500 Chesapeake and Ohio Bond costs to-day
$4770s
slOO Chesapeake and Ohio Bond costs to-day
s95.42.
Only 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
fectualy to extend and complete the main line OF
10 tho
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
mandng Importance of this Trunk Line that the
larger cities of the West projecting feeders to
connect with it, as to avail themselves of its
unequaned facilities as 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
1900 miles of river transit, and will soon be in
come ction with 10000 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 $25,sS5,-
900, 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 a ready money market in
all the principal money centres, and have
still twenty -four years to rum the earnings of the
road are steadily increasing, and will probably
Al Dlnp A.
handsome surplus after payment of expenses and
interest Present price, 1OlA to 102.
When the Chesapeake and Ohio Railroad is CON-
pleted in 1872, and the Bonds are 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 confid nee that we did tn
Five-twenty bonds, when we were selling millions
of them for the United States Government.
We buy and sell FiveTwenties, Ten Forties
Eighty-Ones and Central or Western Paciics, or
receive them in payment for Chesapeake and Ohio
Bonds at their current marketprce.
Orders for Chesapeake and Ohio Bonds, accom-
panied with Drafts or Checks, may be forwarded
to us by mail. Bonds 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.
HATCH ocf3.taodI N, eulw