Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1871-11-30

h11Gos
No. NASSAU STREET,
New York, Nov. 20, 1871.
The successful and rapid negotiation OF nearly
three-fourtha 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 an extensive mineral, agricultural
and through traffic, have placed the financial af-
fairs and resources Of the Company upon such
basis that we are directed to advance the price
for future sales of the bonds, explained in the
following letter of Mr. Huntington, President OF
the Company:
OFR1cE CHEsAp AND ONO RAILROAD Co.,
54 William street, New York,
NoyEMBER Is, 1871.
Bankers ard Frnancial Agents C. & Q. R.
r. Co.:
The Western Division OF the Chesapeake and
Ohio Railroad comprising the 95 miles between
Huntington, the Ohio River. and the mouth OF
New RIVER tsbove the Falls Of kanawhaJ is row
substa ntiallv completed, and wi /, in few days.
he ressy 10 do the Immeos- coal and other bust
ness that is awaiting It's completion. Inc EAST
ern Division, comprising 227 miles, hetween
White Sulphur SpIings and richmond, is nov In
complete order end successful operation. The
grading and IN 4sonry on eleven OF the ln7 miles
bstween the mouth of New River and White
sulphur Spring is cornpete, and the work on the
rem.iring 81 miles is SO far advanced that track
LAYING Will be commenced on this portion OF the
rod IN NAV next, aud continue wi heut inter
ruption IN il the whols line Il competeh
In view of these facts, you are hereby directed
IN make no further sales of the Bonds OF sa'd
Como at a less price than "a and accrued IN
terest at which price you Will Continue TO sell uh
til further orders.
rasDpntfufly
q. p. HUNTINGTON, President.
In compliance with the foregoing instructions.
the price of the Bonds, from this date until fur
Their orders, will be ct and accrued interest.
The scarcity of, and demand for, really
DESIRABLE SIX PER CENT GOLD BONDS
for soua and permanent investments, is evineed
by the Facts that
Ftve-Tuen<y Ponds Of 1867 are selling at Il'
CantrsI Pacific Bonds are selling at lOS
Cbasaraake and Ohio Bonds are selling at ~
| These bonds all pay both principal and interest
IN New York city. in U. 3. goio coin' anu 8ie
equally safe for investment
The reason why Five-TTenty BONDS are 81
high ia because no more can be issued and the
outs, snding amount is being rapidly oecreas@o
BY purchases by the Government from tneir sur
plus revenues.
The reason Why we think Central Pa"ihc hond'
will in time advance 10 the price OF FiVe-l wen
ties Ia because no mere eau be Issued; while tn'
operation of their sinking fund will soon com
meuce to decrease the amount.
The reason Why Chesapeake and Ohio Bon
are selling 80 low, comparatively, while equah'
safe. IL because the Company are selling bones u
compile the read. They will all be sold In
short time, and in a few mon his the road Will o
finished. when we have no doubt the same resui
will f. low as with Five-Twenty and Central Pa
eae Bones. The sinking fund Of the Chesapeak
t.na Ohio must go inte effect within one year a
, >sr the completion of the road
ne Chesapeake and Ohio Bonds are issue
-, W n,upon CT rfgistered-the denomination
are as i@iloWsi .o,,s
| $40 .. g Al IS
| soV'' 943.l2
Order. for Chesapeake and >3io Bonds may
sent through a ny National Bank - oSnSi
srcompanied Ni tn Drafts or Checks, ma
warded IN US BY matt. Bonds money ma
frwardea by any responsible Express Compsn
at our expense, a I'D the Chesapeake and Obi
Bonds, IN exchange, will be sent by return En-
press charges paid.
We buy and sell Government and Central Pa
ciac Bonds and receive them in exchange 70
Chesapeake and Ohio Bonds.
Acc uuts of bs, ks, bankers and others received
on which we allow interest at the rate of four pc
cent per annum.
FISK q HATCH,
nov4deod&w2m Financial Agents.