Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1871-10-07
Chesapeake & Ohio Juveniles
Central Paciics.
BANKING OFFICE OF
FISK e. HATCH,
No. 5, Nassau Street, New York.

OF the FIFTEEN MILLION CHESAPEAKE and ONO
SIN PER CENT. LOAN but about 81, 500, 600 remain
unsold, and this remainder will be taken up rapid
y.
The five years option having expired ON all Sc.
ries of FlvETwENrY BONDS except isG1s and
lS6Ss, they arc 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 run; are especially de-
sirable for steady investments, and can now be
bought
IL per cent. less than Ten-forties,
30 per cent. less than Five-twenties.
25 per cent. less than Skies of 1851.
and are equally sure to be paid principal and IT,
terest in gold coin. Their amount is limited by the
Trust Deed to sl5,oo0,oOo. Price (at present. Oh
and accrued interest, that is, without coupon at
tached, payable Nov. /.
$1,000 Chesapeake and Ohio Bond costs to-day
s95i.l6.
$500 Chesapeake and Ohio Bond costs to-day
s4770s.
slOO Chesapeake and Ohio Bond costs today
sa5.42
Only a small amount of the latter denominations
remains, and no more can be made. Bonds are in
coupon registered form, same as Fivetwenties.
This debt is created by the Chesapeake and Ohio
Railroad Company in order more speedily and eff
fectually 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 rapidly
,l
and superior line of communication between the
Ohio and Mississippi valleys aud 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
cal capitals of their country, Such is the com
manding Importance of this Trunk Line that the
larger cities of the West are projecting feeders to
connect with it, so as TO avail themselves of its
unequalled facilities soon 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
liable navigation on the Ohio, where it interseets
Il, 600 miles of river transit and will be in
connection with 80 900 miles of railroad carriage
The CENTRAL PACIFIC SIX PER CENT. BONDS
are safe for investment as Government bonds.
Their amount fixed by act of Congress at s25,ss5-
0oo is secured by property worth four times their
value; they 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 run the earnings of the
road are steadily increasing and will probably
| reach 100000 for the current year, afording
handsome surplus after payment Of expenses and
! interest. Present price, l0lA to l02.
fshn
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, 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 Five-twenties.
We recommend either of them to our friends and
customers with the same conid nee that we did til
Five-twenty bonds when selling millions
of them for the United States Government
We buy and sell Five-Twenties, Ten Forties
Eighty-Ones, and Central or Western Pacihcs, 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.
=. 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. S. HATCH. extraordinarily