Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1871-10-11
Chesapeake & Ohio FiVe-TVenioS
Central PaCi6CS.
BANKING OFFICE OF
FISK e. HATCH,
No. s, Nassau Street, New York.

September 25th 1871.
Of the FIFTEEN MILLION CHESAPEAKE and OHIO
SIX PER CENT. LOAN but about g, 500, 600 remain
unsold, and this remainder will be taken up rapid
ly.
The five years option having expired on all Sc.
ries of FIvE-TwENTY BONDS except lS67s and
1868, they 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; 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,
35 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 $l5,00O,000. Price lat present. Oh
and accrued interest, that is without coupon at
tached, payable Nov. l.
$1,000 Chesapeake and Ohio Bond costs to-day
$95il6.
$500 Chesapeake and Ohio Bond costs to-day
$i77Os
800 Chesapeake and Ohio Bond costs to-day
s95.42.
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
fectually to extend and complete the main line Of
their Road to the Ohio River. This work-the
INN int
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
ern States, and nearer to the political and CONNER
cial 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 to avail themselves of its
unequalled facilities 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 intersects
IL 600 miles of river transit, and will soonsbe in
connection with 10000 miles of railroad carriage.
The CENTRAL PACIFIC SIX PER CENT. BONDS
Their amount fixed by act of Congress at s25 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 run; the earnings of the
road are steadily increasing, and will probably
reach $40 100000 for the current year, afordng
handsome surplus after payment of expenses and
interest. Present price, l0lX to 1922
When the Chesapeake and Ohio Railroad is COM
peted, in 1872 and the Bonds are dealt in at the
Stock Exchanges of the world, we have doubt
they will be equally popular with the Central Pa.
ciics 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 confd @ nee that we did tn
Five.twenty bonds, when we were selling millions
of them for the United States Government.
We buy and sell Five-Twenties, 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 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 oct9. taod1 N, Gwtty