Wilmington daily commercial., 1872-01-11
A. s. HATCH
uARvEY FISK.


BANKERS,
and Dealers in Government Securities,
No. ., Nassau Street,
New York, NoU. 20, 1871.
The successful and rapid negotiation OF nearly
three-fOurths OF the FIFTEEN MILLION LOAN
ROAD COMPANY, and the energetic prosecution
of tile work Of extension and pr, paration OF the
Road for an extensive mineral, agricultural and
through traffic, have placed the financial affairs and
resources OF the Company upon such basis that
we are directed 10 advance the price for future sales
Of the Bonds as explained In the folio Plng letter Of
Mr. Huntington, President Of the Company:
ONCE Chesapeake and ohio Railroad Company,
% William Street, New YORK,
November IS, 1871.
Messrs FIsK HATCH,
Bankers and Financial Agents c. & r. r Co
Gentlemen:
The Western Division Of the Chesapeake and
Ohio Railroad, comprising the 95 miles between
between Huntington, on the ohio River, and the
mouth OF New River ,abuve the Falls OF kanawha),
is now substantially completed, and will in few
days be ready TO do the immense coal and other bus
lness that Is awaiting It's completion. The Eastern
Division, comprising 22I miles, between White Sui
pnuf opiluNb anu Is now In complete
der aud successful operation. The grading and ma
sonry eleven Of the l02 miles between the mouth
Of New River and White sulphur Springs, Is COM
plete, and the work on the remaining 81 miles Is so
lar advanced that track-laving will be comm need
on this portion of the road In May next and con-
tinue without interruption 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 Company
at less price than "a and accrued interest," at which
price you Will continue To Sell until further orders
Very respectfully yours,
G. r. HUNTINGTON, President.
In compliance with the foregoing instructions, the
price OF the Bonds from this date until further
ders, will be o. and accrued interest.
The scarcity OF, and demand for, really
Desirable g per cent. Gold Bonds,
for solid and permanent investments is eyinced by
the facts that
Five-Twenty Bonds OF 1867 are selling at. II5
Central Pacific Bonds are selling at....... 1u3
Chesapeake ~ Ohio Bonds are selling at. "a
These bonds all pay both principal and interest in
New York City, In U. $. gold COIN and are equally
safe for Investment
The reason why FIvE-TwENrY BONDS are so high
Is because no more be issued and ihe outstand-
ing amount is being rapidly decreased by purchases
hJ.khe Government from their surplus revenues.
@e reason why we think G.SraAL PACIFIC BONDS
VIII in time advance 10 the price Of FiveTwenties,
is because no more he issued; while the opera.
ton OF their sinking Fund WILL soon commence TO
utti tdhe tue dHlUuul.
The reason why CHESAPEAKE AND ONO BONDS
selling so low comparatively, whlll equally safe Is
because the Company are selling Bonds to complete
the road They will all ue sold In a short time, and
Ia few months the road will he finished, VIII we
have no doubt the same result will follow as with
FlvE-TwENrY aud CENTRAL PaCir1U Bonds The
Sinking Fund Of the Chesapeake and Ohio must go
into fleet within one year after the completion OF
the road.
The Chesapeake n Ohio R0nds are issued
either coupon or registercd-the denominations are
as follows;
sl0o' which cost today ....,....... s9ils
$1,000 - gigI2
Orders for Chesapeake and Ohio Bonds, may be
sent through any National Bank or Banker; or ac
companied with Drafts or Cheeks, may be forwarded
to us by mail. Bonds or money may he forwarded
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 PACI
FIC BONDS, and receive them In exchange for Chcsa
peake and Ohio Bonds.
Accounts Of Banks, Bankers and others received
on Which we alL00 interest a tie rate Of four per cent
per annttnl.
FISK 4 HATCH.
nova eod2md&w Financial Agents.