New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1871-03-13
BANKING AND FINANCIAL.
HARVEY FISK.

HARVEY FISK. 4. :. MITCH
OFFICE or FISK & HATcH. rarleIs,}
No. Nassau-st.. NeW-1ork, March u, 1871. \
~ THE CHESAPEAKE AND ONO RinRoAD,
NEW TRUNK LINE IRON TIE sFAEoAED 10 TuB
WEST.
There remain but 200 miles to be- con plot 4. Of
which nearly half is aadcd to mite te uufalng
navigation If The Atlantic ccasi with that Of the
Ohio and MilsssiPs Rivers 81 a Favorable loint.
Roads projected, or now in pTorcss, viii connect it.
by short line, with the principal railroad ccrtcrs
of The West
The road already possesses PROFITABLE local
BUSINESS, and its advantages IS A GREAT East AID
WT5r THROUGH line for the transportation Of the
heavy freehts (which constitute the principal part
of the East and West through traffic. are numerous
and important.
l. SHORT ROUTE between the Atlantic coast and
the great West.
2. Low GRADES.
3. CHEAP FUEL
4. A GENIAL CLIMATE, which admits of safe eco
nomical, and rapid railroad operation throughout
the year.
s. EAST AND WEST TERNINI, at favorable points on
tide-watcr and the Ohio River.
G. VERY LARGE THROUGu AND Local TRAFFIC
awaiting its progress.
Z. COMPARATIVELY LIGHT CAPITAL AND DEBT
and consequently light tax upon traffic for payment
of interest and dividends.
All these conditions favor n cheap and economical
working of the line, which will enable the Chesa
peake and Ohio route TO do n profitable East and
West through business at rates which would not pay
by the more dificult and costly lines and 10 coatO
an enormous South Wcst0R through trade
We are now authorized to sell an additional
amount of FIRST MORTGAGE PER CENT GOLD BONDS
of the Company at the original price OF 90 ana
accrued interest from Nov !.
The Bonds are secured by mortgage upon the en-
tire road CI27 miles of main liaeD, franchises aud
property Of the Company, WHICH NOW, IN coh'
PIETED ROAD AND WORK DONE, EXCEEDS TIE ENTTRn
AMOUNT OF THE MORTGAGE; and which, when COM
pleted will be worth at least S3n,G00,0O.
Sinking Fund OF 100000 per annum is provided
for their redemption.
They are issued as Coupon or Registered Bonds,
and in denominations of
800, $780, and $1,000.
The superior advantages, valuable property and
franchises, and able and honorable management Of
the Chesapeake and Ohio Railroad Company, render
il one of the most substantial, reliable aud trust
worthy Corporations in the country. and commend
its Securities to the unhestating confidence OF cap-
talists and investors.
Pamphlets, maps, and full particulars furnished
upon application. FISK HATCH bahKefs'
BURLINGTON. CEDAR RAIDS AND MINNESOTA
RAmwAY.-The completion of this Road has given TO
ira First Mortgage Seven Cent Gold Ronds IN
established character equal TO any mortgage issue
dealt i'm at the Stock Exchange. We ere prepared 10
buy and sell these bonds, at any time az our BANK
ing-House, at market price-thus placing them on
the same basis, for temporary or permanent invest
ment with Governments or any other security.
These bonds are first and only mortgage OF
.a.alF na.ltN lut has
$4,000, and which commands, without competition,
all the traffic of Northern Iowa and Southern Mime
sota-shortening the distance from ST. Paul to Chi
cago As miles and to st. Louis more than 30 miles.
The net earnings are already largely in excess OF
interest on the bonds and 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 30 per cent Of gross earn
ings derived from traffic with the Burlington Cedar
Rapids and Minnesota Road in the bonds OF tlns
Company. This arrangement makes practical coz
solidation 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,
share in any excess of earnings over the interest
obligation.
An exchange of Government securities for these
bonds returns 81 per cent interest, instead of per
cent, which is all that Governments pay at present
price. besides leaving an immediate gam OF about 70
per cent in price for reinyestment.
The subscription price of the bonds is 90 and
accrued interest in currency.
All marketable securities taken in exchange, free
of commission and express charges.
HENRY CLEws d Co.. 81 Wall-st.