Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1871-10-28
Chesapeake & Ohio ,FiVe-TVelties
Central PdciiCS.
BANKING OFFICE OF
FISK e. HATCH,
No. 5, Nassau Street, New York.

No. 5, Nassau Street, New York.
September 18th, 1871.
Of the FIFTEEN MILLION CHESAPEAKE and OHIO
SIX PER CENT. LOAN, but about $4,000, 900 remain
uusold, and this remainder will be taken up rapid
ly.
The five years option having expired on all SCI
ries of FIvETwENTY BONDS, except 1s61s and
1865, they liable to be called in payment.
The redemption of 100 millions FryE-TwENTIEs 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
ital, independently of dividend and interest pay.
ments, the greater part of which must seek rein
vestment.
The Chesapeake and Ohio Skies
have absolutely 80 years to run; are especially de
srable for steady investments, and can be
bought
IL per cent. less than Ten-forties,
70 per cent. less than Five-twenties.
25 per cent. less than Skies of 1881.
and are equally sure to be paid principal and in
terest in gold coin. Their is limited by the
Trust Deed to $l5,000,OOo. Price (at presently 93
and accrued interest, that is, without coupon a
tached, payable Nov. l.
$1,000 Chesapeake and Ohio Bond costs to-day
$95i.1G.
$500 Chesapeake and Ohio Bond costs to-day
$i77,Os.
800 Chesapeake and Ohio Bond costs today
$9542.
Only a small amount OF the latter denominations
remains, and no more can be made. Bonds are in
coupon or registered form, same as Fivetwenties.
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 CONNER
cial capitals of their country. Such is the com.
mandng Importance of this Trunk Line that the
larger cities of the West are projecting feeders to
connect with it, as to avail themselves of its
unequalled facilities soon as il is completed
Large tracts of valuable coal and iron lands along
its route are passing into the hands of practical
miners and iron manufacturers q large city is
springng up at the western terminus the head of
liable navigation on the Ohio where it intersects
l., 600 miles of river transit, and will soon be in
connection with 10000 miles of railroad carriage.
The CENTRAL PACIFIC SIX PER CENT. BONDS
safe for investment as Government bonds
Their amount fixed by act of Congress at $25 ss5,
0oo is secured by property worth four times theii
value; they can only be bought in the open market
| and are becoming scarcer in consequence of then
| 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 run the earnings of the
road are steadily increasing, and win probably
reach 100000 for the current year, afiording
handsome surplus after payment Of expenses and
interest Present price, lOlk TO lo2.
When the Chesapeake and Ohio Railroad is com
pleted in 1872, and the Bonds are dealt in at the
stock Exchanges of-the world, have no doub,
they will be equally popular with the Central Pa
cities. Both principal and interest of the Central
Pacifcs 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 Fivetwenties.
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 Forties
Eighty Ones, and Central or Western Pacifics, 81
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 money may be forwarded
| by any responsible Express Company at our ex.
| pense, and the Chesapeake and Ohio Bonds, in ex.
| change, win be sent by return Express, charges
| paid. FISK 4 HATCH.
p. S.-Accounts of Banks, Bankers and others
received, on which allow Four per Cent. inter-
est
| Certificates of deposit issued and collections
made in all parts of the Union.
HARVEY FISK.
A. S, HATCH. extraordinarily