Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1871-12-07

No. S NASSAU STREET,
New York, Nov. 20, 1871.
The successful and rapid negotiation of nearl
three-fourthso of the FIFTEEN MILLION LOAF
OF THE CHESAPEAKE AND OHIO RAIL
ROAD COMPANY, and the energetic prosecu
ton of the work of extension and preparation @
the Road for an extensive mineral, agriculture
and through traffic, have placed the financial al
fairs and resources of the Company upon such
basis, that we are directed to advance the pric
for future sales Of the bonds, as explained in tn
following letter of Mr.. Huntington, President o
the Company:
/ OFEIcE CHESAPEAKE AND ONO RAILROAD Co.
l 81 William Street, New York,
| NOVEMBER Is, 1871.
Messrs. FISK HATCH.
| Bankers ard Financial Agents C. q o. r
Gentlemen:
The Western Division of the Chesapeake ant
| Ohio Railroad, comprising the IS miles betweei
Huntington, on the Ohio River. and the mouth o
New River tabove the Falls of Kapawba.1 is row
substantially completed, and will. in a few days
| be reasy to do the immense coal and other ousi
ness that is awaiting its completion. The East
ern Division, comprising 227 miles, between
| White Sulphur Springs aud Richmond, Is now II
| complete order end successful operation The
grading and m .sonry on eleven OF the ioz mile
4
| Sulphur Spring. is complete, and the work on tn
| remaining 81 miles is 50 far advanced that track
laying will be commenced on this portion Of tbs
road in May next, and continue wi heut inter
ruption I'M ii the whole line Is completed
In view Of these facts, you are hereby directed
| to make no further sales of the Bonds OF sair
terest, at which price you will continue to sell
| til further orders.
Very respectfully yours,
G. P. HUNTINGTON, President.
In compliance with the foregoing instructions
the price of the Bonds, from this date, until fur
Their orders, will be 81 and accrued interest.
The scarcity of, aud demand for, really
DESIRABLE SIX FEn GENT. GOLD BONDS
for solid and permanent investments, is eyinced
by the facts that
Five-Twenty Bonds of 1867 are selling at lls
Central Pacific Bonds are selling at lO3
Chesapeake and Ohio Bonds are selling at 81
These bonds all pay both principal and interest
in New York city, in U. s. gold coin, and are
equally safe for investment.
The reason why Five-Twenty Bonds are 20
ligh is because ne more can be issued, and the
outsi anding amount is being rapidly decreased
by purchases by the Government from their sur
plus revenues.
The reason Why we think Central Pacific Bonds
will in time advance TO the price Of Five-Twen-
ties, is because no more can be issued; while the
operation of their sinking fund will soon com
mence to decrease the amount.
The reason why Chesapeake and Ohio Bon3f
are selling so low, comparatively, while equah!
safe, is because the Company are selling bonds to
complete the road. They will all be sold in
short time, and in a few months the road will be
finished, when we have no doubt the same result
will follow as with Five-Twenty and Central Pa
cihc Bonds. The sinking fund Of the Chesapeake
and Ohio must go into effect within one year at
ter the completion Of the road.
The Chesapeake and Ohio Bonds are issued
either coupon or registered-the denominations
are as follows:
$40, which cost to-day, ss4.l3
AGO 47l56
Al Ooo 943.l2
Orders for Chesapeake and Ohio Bonds may he
sent through any National Bank or Banker or
accompanied with Drafts or Checks, may be for
varded to us by mail. 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
cific Bonds and receive them in exchange for
Chesapeake and Ohio Bonds.
Accounts OF bal ks bankers and others received,
on which we allow interest at the rate Of four PIT
cent per annum.
FISK HATCH,
nov4deod&w2m Financial Agents.