Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1871-10-18
Chesapeake & Ohio -FiVs.TVelties
Central Pacifcs.
BANKING OFFICE OF
FISK e. HATCH,
No. s, Nassau Street, New York.

September 18th, 1871.
OF the FIFTEEN MILLION CHESAPEAKE and OHIO
SIX PER CENT. LOAN, but about a. 500 600 remain
unsoId, and this remainder will be taken up rapid.
ly.
The five years. option having expired on all
ries Of FIvE-TwENTY BONDS, except 1876 and
1868 they are liable to be called in for payment.
The redemption of 100 millions FIvE.TwENrIEs in
con and the purchases by the Government during
the ensuing four months, with the premium there
m 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 so years to run; especially de-
sirable for steady investments, and can now be
bought
II per cent. less than Ten.forties,
10 per cent. less than Five.twenties,
~ 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 sl5,o0O,OO0. Price lat presently 81
md accrued interest, that is, without coupon =
tached, payable Nov.l.
$1,000 Chesapeake aud Ohio Bond costs to-day
$954l6.
$500 Chesapeake and Ohio Bond costs to-day
$477Os.
500 Chesapeake and Ohio Bond costs to-day
$3.50.
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
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 Ia
ern States, and nearer to the political and CONNER
aial capitals of their country. Such is the com
handing Importance of this Trunk Line that the
larger cities of the West are projecting feeders to
connect with it. SO as to avail themselves of its
lnequalled 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
bringing up at the western terminus, the head of re-
liable navigation on the Ohio, where it ntersects
II, 600 miles of river transit, and will be in
with 80 ono miles of railroad carriage.
The CENTRAL PACIFIC SIX PER CENT. BONDS
are as safe for investment as Government bon, Q
Their amount fixed by act of Congress at $685..
20, is secured by property worth four times their
value; they can only be bought in the open market.
md are becoming scarcer In consequec of their
gradual absorption by investors here and in Eu
ope; they have ready money market In
Ill the principal money centres, and have
i'll twenty Jour years to run the earnings Of the
Dad are steadily increasing, and will probably
zach $40 600 900 for the current year, affording
r'ndsome surplus after payment of expenses and
interest. Present price, l0lA TO l02.
When the Chesapeake and Ohio Railroad is COM
eted, in 1872, and the Bonds dealt in at the
took Exchanges of the world, we have no doubt
hey will be equally popular with the Central Pa.
dcs. Both principal and interest OF the Cent al
'acifcs and Chesapeake and Ohio Bonds. are
ptcihcaliy payable in gold coin in New York the
'terest on the former being paid January and July
nd of the latter, May and November, correspond.
ng with the two classes of Five-twentes.
We recommend either of them to our friends and
with the same confid nee that we did Ii
tive-twenty bonds when We were selling millions
# them for the United st ties Government.
We buy and sell Five-Twentes, Ten Forties
Gighty-Ones, and Central or Western Pacifcs, or
'vceve them in payment for Chesapeake and Ohio
Bonds at their current market price.
Orders for Chesapeake and Ohio Bonds accom-.
Ianed with Drafts or Checks, may be forwarded
% us by mail Bonds or money may be forwarded
" any responsible Express Company at our ex.
pense, and the Chesapeake and Ohio Bonds, in ex.
1hange, will be sent by return Express. charges
paid. FISK AHATCH
P.S.-Accounts of Banks, Bankers and others
received, on which we allow Four per Cent. inter-
est
Certificates of deposit issued and collecti ms
made in all parts of the Union.
HARVEY FISK.
A. 5. HATCH. oot3-teodlm&w4w