New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1871-04-24
BANKING AND FINANCIAL.
BANhINU ANU FINANILAIA
HARVEY FISK. 4. 5. HATCH
FISK & HATCH,
BaakeJs aud Deaters ia Gor@nment Securities,
HARVEY FISK.

a IfQtGTs fTOfefHbNeHf
No.5 Nas3au-st., York, April %, ISL }
The recent advance in the SIX PER CENT
GOLD BoSDs OF tue CENTRAL PACIFIC RAIL
ROAD Co. TO a premium above par, affords
an illustration OF the popular demand both
in this country and Europe for reliable six
per cent securities having a long and fixed time
to run and paying fair rate of interest on their
cost and it further shows that the first mortgage
bonds of honorably managed railroads when known
and appreciated will command public confidence,
and must TO a large extent take the place Of the
Government Fiye-Twenties las the latter are pur-
chased or called in by the Government and thus
command higher prices than heretofore.
TIE CHESAPEAKE AND ONO RAILROAD under sub
stantially the same Financial and Executive man
agement as that which has rendered the Central
Pacific so great a success is being rapidly extended
to the Ohio River in response to the demands of COM
merce for enlarged transportation facilities between
the great West and New-YOrk, and other important
points on the Atlantic seaboard.
The present successful operation of the 22' miles
of completed road the value of the property upon
which they are secured, the certainty of very large
and remunerative traffic for the road. and the very
high character of the Company and Of its Officers
and Directors commend the SIX PER CENT GOLD
l. BoNDs OF THE CHESAPEAKE AND ONO RAILROAD Co.
10 public confidence az superior, safe, aud reliable
security.
We personally recommend them to Our friends and
customers desiring TO make new investments, or to
fund their Fiye-Twenties.
Price DO and accrued interest.
difference of about 20 PER CENT may now be re-
allied with entire safety by exchanging Fiye-Twen-
ties for these Bonds. - o. FISK & HATCH.
BURLINGTON, CEDAR RAPIDS AND MINNESOTA
RNTwAY-The completion of this Road has given 10
its First Mortgage Seven per Cent Gold Bonds an
established character equal to any mortgage issue
dealt in at the Stock Exchange. We are prepared to
buy and sell these bonds at any time, at our Bank
ine-House at market prce-thus placing them on
the same basis for temporary or permanent invest
ment. with Governments or any other security.
| These bonds are first ana OIL mortgage OF
$4,000 per mile based on railroad that has cost
| $4,000, and which commands, without competition
all the traffic of Northern Iowa and Southern Mime
sota-shortening the distance from st. Paul to Chl-
caeo IS miles, and to st. Louis more than 20 miles,
The net earnings are already largely in excess of
interest ON the bonds and no doubt exists that they
will more than double within the ensuing year.
A contract has been secured with the Chicago
Burlington and Quincy Railroad Company obi
eating the latter to invest so per cent OF gross earn
ings derived from traffic with the Burlington, Cedar
| haplds ana MINNESOTA hoau III INC JULIUS Vi 'ni'
| Company. This arrangement makes practical con-
soidation of the two roads, and establishes large
sinking fund for the Burlington Cedar Rapids and
| Minnesota Bonds.
The convertibility privilege in these bonds en-
abes them to be exchanged for stock at par at any
time. This secures to the holder, at his option, q
share IN any excess Of earnings over the interest
| obligation.
An exchange of Government securities Tor these
bonds returns 81 per cent interest Instead OF pei
cent which is ell that Governments pay at presen.
price besides leaving immediate gain OF about ~
per cent in price for reinvestment
The subscriDtion price of the bonds is 90, and
accrued interest IN currency.
All marketable securities taken in exchange, free
| of commission and express charges
HENRY CIEws Il Co, " Wai1-s'