Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1871-10-25
Chesapeake & 0liO...FiVe-TVelies
Central Pacifcs.

No. 5, Nassau Street, New York.
September 25th, 1871.
OF the FIFTEEN MILLION CHESAPEAKE and OHIO
SIX PER CENT. LOAN, but about "a, SOC, 900 remain
unsold, and this remainder will be taken up rapid
ly.
The five years option having expired ON all Sc,
res of FyE-TwENTY BONDS, except 1865 and
lsdss, they are liable to be called in tor payment.
The redemption of 100 millions FIvETwENTIEs 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
nents, the greater part OF which must seek rein
vestment.
The Chesapeake and Ohio Skies
have absolutely 80 years to rum are especially de-
sirable for steady Investments, and can now be
bought
~ per cent. less than Ten-fortics,
40 per cent. less than Five-tventies,
25 per cent. less than Skies OF 1881.
and are equally sure to be paid principal and in
terest in gold coin Their amount is limited by the
Trust Deed to $l5,OO0,0OO. Price (at presently Oh
and accrued interest, that is, without coupon n
tached, payable Nov.1
$l,000 Chesapeake and Ohio Bond costs to-day
sa54,l6.
$500 Chesapeake and Ohio Bond costs to-day
$477Os.
800 Chesapeake and Ohio Bond costs to-day
s95.42.
Only a small amount OF the latter denominations
remains, and no more can be made Bonds are in
coupon 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
most important internal Improvement
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
cal capitals of their country. Such is the COM
manding Importance of this Trunk Line that the
larger cities of the West projecting feeders to
connect with 1t, so as 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; large city is
sprngng up at the western terminus the head of re.
liable navigation on the Ohio, where 1t intersects
Il, 600 miles of river transit, and will soon be in
connection with 80 600 miles of railroad carriage.
The CENTRAL PACIFIC SIX PER CENT. BONDS
are as safe for investment as Government bonds
Their amount fixed by act of Congress at $25 So, ).
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 Eri-
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 100000 for the current year, affording
handsome surplus after payment of expenses and
interest. Present price, lolX to 1oa.
When the Chesapeake and Ohio Railroad is COM
pleted, 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.
cities. Both principal and interest OF the Central
Pacincs 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 Fortes
Eighty,Ones, and Central or Western Pacifics, or
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.
IT A. s. HATCH. extraordinarily