Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1871-12-28
y,nvvv F,sx A. q. HATCH
FISK & II A TCH,
BANKERS,
A. 8. HATCH
HARVEY FIsK.
AND DEALERS IN GOVERNMENT sECU-
RITES,
No. NASSAU STREET,

New York, Nov. 90, 1871.
The successful and rapid negotiation OF near.S
three-fourths of the FIFTEEN MILLION LOAN
OF THE CHESAPEAKE AND OHIO RAIL
ROAD COMPANY, and the energetic prosecu-
ton of the work Of extension and preparation Of
the Road for extensive mineral, agricul' ural
and through traffic, have placed the financial af-
fairs and resources of the Company upon such 3
basis, that we are directed to advance the price
for future sales Of the bonds, explained in the
following letter Of MIR. Huntington, President Of
the Company:
OFFICE CHESAPEAKE AND ONO RAILROAD oe.
81 William street, New York,
NOVEMBER Is, 1871.
Messrs. FISK & HATCH.
Bankers ard Financial Agents G. d o. r.
r. Co.:
Gentlemen:
The Western Division OF the Chesapeake and
Ohio Railroad, comprising the s5 miles between
Huntington, on he Ohio River and the mouth OF
New River tsbove the Falls Of Kapawba,I IL ow
substantially completed, and viii. in few days.
be reaay 10 do the Immeps- coal and other bust
ness that is awaiting IT'S completion. The East
ern Division, comprising 227 miles, between
White Sulphur Springs and Richmond, is now In
complete order and successful operation The
grading and N 4sonry on eleven OF the lO2 miles
between the mouth of New River and White
Su phur Spring is comoete and the work on the
remaining 81 NILS is 50 far advanced that track
laying will be commenced on this portion OF the
road IN May next, and continue wi h9ut inter
ruption un il the whole line il completed.
In view of these facts, you are hereby directed
70 make no further sales of the Bonds of sad
Company at a less price than "a and accrued in
terest, at which price you viii Continue TO sell un-
til further orders.
Very respectfully yours,
q. P. HUNTINGTON, President.
In compliance with the foregoing instructions,
the price of the Bepds, from this date, until fur
Their orders, will be 81 and accrued interest.
The scarcity of, aud demand for, really
DESIRABLE SIX PER CENT. GOLD BONDS
for solid aud permanent Investments, is evinced
by the facts that
Five-Twenty Ponds of 1867 are selling at lis
Central Pacific Bonds selling at l0S
Chesapeake and Ohio Bonds are selling at "a
These bonds all pay both principal and intere' t
IN New York city, in q. s. gold coin, and are
equally safe for investment.
The reason why Five-Twenty Bonds are SO
1igh is because no more can be issued, and the
outs, anding amount is being rapidly decreased
plus revenues.
The reason Why We think Central Pacific Bonds
will in time advance to the price of FIve-Twen-
operation of their sinking fund will soon com
mence to decrease the amount.
The reason Why Chesapeake and Ohio Bonds
are selling 80 low, comparatively, while equally
safe, is because the Company are selling bonds to
complete the road. They will all be sold in 8
short time, and In few mon hs the road will be
finished. when We have no doubt the same result
will FLOW as with Five-Twenty and Central Ps-
oidc Bonds. he sinking fund Of the Chesapeake
aud Ohio must go into effect within one year sf-
ter the completion Of the road.
The Chesapeake and Ohio Bonds are issued
either coupon or registered-the denominations
are as follows:
81 o, which cost to-day, sS4la
$500, " " 47lS6
$1,000, ASH
Orders for Chesapeake and Ohio Bonds may be
sent through any National Bank or Banker (; or
accompanied with Drafts or Checks, may be for
warded 10 Us by mat. Bonds or money may be
forwarded by any responsible Express Company
at our expense, and the Chesapeake and Ohio
Bonds, in exchange, will be sent BY return Ex-
press, charges paid.
We buy and sell Government and Central Pa
cihc Bonds and receive them in exchange for
Chesapeake and Ohio Bonds.
Accounts of bsr ks, bankers and Others received,
on which we allow interest at the rate of four P~x
cent per annum. -
nov4deod SWIM Financial Agents