Bellows Falls times. [volume] (Bellows Falls, Vt.) 1856-1965, 1871-12-08

and Dealers ia Government Securities.
No. 5, Nassau Street, Neic York.
Noe, 20. ls7l-
The successful and rapid negotiation Of nearly
three-fourths Of the FIFTEEN MILLION
LOAN OF THE CBEsaPEAKE AND
ONO RAILROAD COMPANY. and the en-
ergetic prosecution of the work of extension and
preparation OF the Road for an extensive mineral,
agricultural and through traffic. have placed the
financial affairs and resources of the Company up
On such basis. that we are directed to advance tbe
price for future sales Of the Bonds as explained
the following letter OF Mr.. Huntington. Pre.idsai
of the Company:
OFFICE CHESAPEAKE AND OHIO RAuRoAp CoNpAxY,
81 William Street, New York
NOVEMBER is, 1871.
! MEssRs. FISK HaTcH.
Bankers and Financial Agents C. 4 0, r. R. Co.
| Gentlemen:
Ohio Railroad comprising the IS miles between Hgi
] ungton, on the Ohio river. and the mouth Of Neg
River (aboye the Falls of Kanawha) is now subsian-
tally completed and will in few days be ready 70
do the immense coal and other business that await
ing IFS completion. The Eastern Division. eompris-
| ing " miles between White Sulphur Springs anu
Richmond. is nov in complete order and saeeess'Hl
| operation, The grading and masonry on eleven q
White Sulphur Springs. Is eomple etc, and the wofs
/ on the remaining 81 miles is so far advanced that
track laying " i'll be commenced on this portion Of
/ the road in May next and continue without inter
ruption until the whole line is completed.
| In view of these facts you hereby directed ta
make no further sales Of the Bonds OF said Comps
ny at less price than 81 and accrued interest, al
which priceyou will continue to sell until turtle
| orders,
| Very respectfully yours.
&. p. hun INGToN. Presideh
In compliance with the foregoing instructions, bs
price OF the Bonds from this date. until further or
ders will be 81 and accrued interest.
| The scarcity Of. and demand for. really
Desirable six per cent, Gold Bonds,
for solid and permanent investments. is evineed By
the facts that
Five Twenty Bond- Of 1867 are selling at rs
Chesapeake 4 Ohio Bonds are selling at. 81
These bonds all pay both principal and interest
New York City. in U. S. God coin and are eQullg
| safe for Investment
The reason why Five-Twenty Bonds are so hiEsh
! because no more can be issued and the outsandns
amount is being rapidly deer eased by purchases
the Government from their surplus revenues
The reason why we think Central Pacifs Bonds
will in time advance to the price of Five Tssnus'
is because no more can be issued while the Opera
tions of their Sinking Fund will soon commence
to decrease the amount.
Inc reason why Chesapeake and ONO fohps az
selling so low, comparatively, while equally sale
because the Company selling Bonds to eompss
the road. They will all be sold in a short time, ana
in few months the road will be finished when We
have no doubt the same result will follow as VIZ
Five-Twenty and Central Pacific Bonds. The sinf
ing Fund of the Chesapeake and Ohio must go 10y 1
effect within year after the completion Of U
road.
The Chesapeake s. Ohio Bonds are issue
either eupon registered-the denominations At
as follows:
500 which cost to day .......-..-..-s 81
S1.OOO ......-.-.-.---..--.-.os''. r.
Orders for Chesapeake and Ohio Bonds may '
sent through any National Bank or Banker; OF :.
eompanied with Drafts or Checks. may De =
Earded to us BY mail. Bonds money may be H@
warded by any responsible Express Company al =.
expense. and the Chesapeake and Ohio Bonds :
exchange will be sent by return Express ehais~
paid. "A,
We buy and sell Government and Central fAs
Bonds and receive them in exchange for ChesAP''-
and Ohio Bonds. ;r,s
Accounts Of banks. bankers and Others re''. s.
on ,ckieh zee alor saterest at the rate of four p'
per oHaam.
FISK HATCH
n-ss Fs.sne,si AsssN