Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1871-10-05
Chesapeake & Ohio ,PiVe-HVenties
Central Pacidcs. q
BANKING OFFICE OF
FISK e. HATCH |,
No. 5, Nassau Street, New York.

September 18th, 1871.
OF the FIFTEEN MILLION CHESAPEAKE and OHIO
| SIX PER CENT. LOAN, but about 81 800 600 remain
unsold, and this remainder will be taken up rapid
lily. 4.
The five years option having expired on all SEE
| ries of FIvE-TwENTr BONDS, except 1868 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, viii release about $50 millions of invested cap
| tal independently of dividend and interest pay
| ments, the greater part of which must seek rein
vestment
The Chesapeake and Ohio Skies
have absolutely 30 years TO run; especially de-
| sirable for steady investments and can now he
bought
| II per cent. less than Ten -forties,
20 per cent. less than Five-tvyenties,
25 per cent. less than Skies of 1851.
| and equally sure to be paid principal and in
| terest in gold coin. Their amount Is limited by the
Trust Deed to sl50Oo,OOO. Price (at present. %
and accrued interest that is, without coupon at
| tached payable Nov /.
81 600 Chesapeake and Ohio Bond costs to-day
| sa54.l6
s477.Gs.
800 Chesapeake and Ohio Bond costs to-day
| s9542.
only small amount of the latter denominations
remains, and no more can be made. Bonds are in
coupon or registered form, same 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
| most important Internal improvement
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
manding Importance of this Trunk Line that the
larger cities Of the West are projecting feeders to
| connect with it, 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; large city is
sprngng up at the western terminus the head of
liable navigation on the Ohio, where it intersects
| 1900 miles of river transit, and will soon be in
connection with 10000 miles of railroad carriage.
The CENTRAL PACIFIC SIX PER CENT. BONDS
are as safe for investment Government bonds
| Their amount fixed by act of Congress at s25ss5.
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 rum the earnings of the
road are steadily increasing, and will probably
reach $lo,Oo0,O0o for the current year, afordng n
| handsome surplus after payment of expenses and
| interest. Present price, l0la TO 102.
| 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 no doubt
| they will be equally popular with the Central Pa
| cifics Both principal and interest of the Cent al
| Pacihcs 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-twentes.
| We recommend either of them to our friends and
customers with the same confidence that we did the
| Five-twenty bonds, when we were selling millions
| of them for the United St ties Government.
| We buy and sell Five-Twenties; Ten Fories
Eighty Ones, and Central or Western Pacfcs, er
| receive them in payment for Chesapeake and Ohio
| Bonds at their current marketprice.
| 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 allow Four per Cent inter
| est.
| Certificates of deposit issued aud collections
made in all parts of the Union.
HARVEY FISK.
| A. S. HATCH. oct3 teodlmSw4w
KENNEBEC COUNIY-In Pro6ate Court. al A,e-