Bellows Falls times. [volume] (Bellows Falls, Vt.) 1856-1965, 1871-12-22
HARVEY FISK. A. S. HATCH
FL S K & Fl AT CHI
BANK ERS
BANKERS


and Dealers in Government Securities
No. 5, Nassau Street, Neao York.
Nor, 20. 1871.
The successful and rapid negotiation of nearIy
three fourths of the FIFTEEN MILLION
LOAN OF THE CHESAPEAKE AND
OHIO RAILROAD COMPANY, and the en-
ergetic prosecution of the work of extension and
preparation of the Road for an extensive mineral
agricultural and through traffic, have placed tn,
financial affairs and resources of the Company up
on such basis, that are directed to advance tn,
price for future sales of the Bonds as explained il
the following letter of Mr.. Huntington, Presiden
of the Company:
OFFICE CHESAPEAKE AND ONO RAILROAD COMPANY
81 William Street. New York
NOVEMBER Is, 1871.
MEssRs. FISK & HATCH.
Bankers and Financial Agents C. & 0, R, R. Co.;
Gentlemen:
The Western Division of the Chesapeake and
Ohio Railroad. comprising the 50 miles between Hun
tlngton on the Ohio river. and the mouth of New
TALLY com peted and will in few DAYS be ready n
do the immense coal and other business that await
ing its completion. The Eastern Division. eompris-
ing ~ miles between White Sulphur Springs and
Richmond. is now in complete order and successful
operation, The grading and masonry on eleven OF
tLc IOS InltS DeIWeen the mouth oil New River and
White Sulphur Springs, is complete and the work
on the remaining 81 miles is so far advanced that
track laying will be commenced this portion Of
the road in May next, and continue without inter
ruptiOn until the whole line is completed.
In view of these facts you are hereby directed to
make no further sales Of the Bonds of said Compa-
ny at less price than 81 and accrued interest al
which priceyou will continue to sell until further
orders.
Very respectfully yours,
G. II. HUNTINGTON, President
In compliance with the foregoing instructions the
price of the Bonds from this date until further or
ders, will be "a and accrued interest
The scarcity of, and demand for. really
Desirable six per cent, Gold Bon Dis.
for solid and permanent investments. is evinced BY
the facts that
Five Twenty Bonds of 1867 are selling at II5
Central Pacific Bonds are selling at IO3
Chesapeake X Ohio Bonds are selling at.--9i
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 so high is
because more can be issued, and the outstanding
amount is being rapidly deer eased by purchases BY
the Government from their surplus revenues
The reason why we think Central Pacific Bonds
viii in time advance to the price of -Twentes
is because more can be issued. while the opera
tons of their Sinking Fund will soon commence
to decrease the amount.
The reason why Chesapeake and Ohio Bonds are
selling low, comparatively while equally safe is
because the Company are selling Bonds to complete
the road. They viii all be sold in a 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 Pacific Bonds The Sink
ing Fund of the Chesapeake and Ohio must go into
effect within one year after the completion of the
road.
The Chesapeake s. Ohio BoDds are issued
either cupon or registered-the denominations are
as follows.
500 which cost to day s9t.13
couo ..--.-----.t lou
St.Ooo, -..-..-.-...---..------343.lZ
Orders for Chesapeake and Ohio Bonds may be
sent through any National Bank or Banker; or ae-
companied with Drafts or Checks. may be for
warded to us by mail. Bonds money may be for
warded by any responsible Express Company at our
expense, and the Chesapeake and Ohio Bonds. in
exchange will be sent by return Express charges
paid.
We buy and sell Government and Central Pacific
Bonds and receive them in exchange for Chesapesk
and Ohio Bonds.
Accounts of banks. bankers and others received.
RhieA aiiotc interest at tie rate of four rr caf
per oaBHBs.
FISK & HATCH
$50 fsnaaeial A0eafs.