Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1871-10-17
Chesappakp & Ohio. .TVeltieS
Central PaciiCS.

No. 5, Gassua Street, New York.
September 25th 1871.
OF the FIFTEEN MILLION CHESAPEAKE and OHIO
SIX PERtENT. LOAN, but about 81, 800, 900 remain
unsold, I'D this remainder will be taken up rapid
ly.
The Fe years. option having expired on all Sc,
ries FIvE-TwENTY BONDS, except 1865 and
1869 they are liable to be called in payment.
Thsredemption of 100 millions FIvE-TwENTIEs in
con, and the purchases by the Government during
De 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 run; are especially de-
sirable for steady investments, and can now be
bought ..
IL per cent. less than Ten-forties,
10 per cent. less than Five-twenties,
2J per cent. less than Skies OF 1851.
and are equally sure to be paid principal and in
terest in gold coin. Their amount is limited by the
Trust Deed to $4,000 900. Price Cat presently Oh
and accrued interest, that is, without coupon
tached, payable Nov.l.
$1,000 Chesapeake and Ohio Bond costs to-day
$95i.l6
$500 Chesapeake and Ohio Bond costs to-day
$477.0S.
800 Chesapeake and Ohio Bond costs today
1852.
Only small amount OF the latter denominations
remains, and no more can be made. Bonds are in
coupon or registered form, same as Five-twenties.
This debt is created by the Chesapeake and Ohio
Railroad Company in order more speedily and eff.
to Tho in lin nf
their Road to the Ohio River. This work-the
most important internal improvement MT
now progressing I'm 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
ern 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, so as to avail themselves of its
unequalled facilities as soon 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; a large city is
sprnging up at the western terminus the head of
liable navigation on the Ohio, where it ntersects
II, 900 miles of river transit, and will soon be in
The CENTRAL PACIFIC SIX PER CENT, BONDS
safe for investment as Government bonds
Their amount fixed by act of Congress at S25 Ss5
900, is secured by property worth four times theil
value; they can only be bought in the open market
and are becoming scarcer in consequence of theii
gradual absorption by investors here and in Eu
rope; they have n ready money market in
all the principal money centres, and have
still twenty Jour years to run; the earnings of the
road are steadily increasing, and will probably
reach $l0,0O00 600 for the year. affording
handsome surplus after payment of expenses and
interest. Present price, lOlA to lO2.
When the Chesapeake and Ohio Railroad is COM
pleted, in 1872, ana the Bonds are dealt in at the
Stock Exchanges of the world, we have no doubl
they will be equally popular with the Central ia
cities. Both principal and interest OF the Cent a
Pacifcs and Chesapeake and Ohio Bonds, are
specifically payable in gold coin in New York the
interest on the former being paid January ana 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 confd 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 81
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
| 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.
A. s. HATCH. oct3-teodlmSw4w