Wilmington daily commercial., 1872-01-10
A. 8. HArcn,
HARVEY Fmk.

HARVEY Fmk. A. 8. HATcn,
FISK g. HATCH,
BANKERS,
and Dealers in Government Securities,
No. 3, Nassau Street,
New York, Nou. 20, 1871.
The successful and rapid negotiation OF nearly
three-fourths Of the FIFTEEN MILLION LOAN
or THE CHESAPEAKE AND OHIO RAIL
ROAD COMPANY, and the energetic prosecution
of tile work Of extension and preparation OF the
Road for an extensive mineral, agricultural, and
through tra1c have placed the financial affairs and
resources of the Company upon such a basis, that
directed to advance the price for future sales
Mr. Huntington, President Of the Company:
once Chesapeake and Ohio Railroad Company,
81 William Street, New York.
November Is, 1871.
Messrs FISK q HATCH,
Bankers and Financial Agents c. & r. Il. Co.:
Gentisnen:
The Western Division Of the Chesapeake and
Ohio Railroad, comprising the 30 miles between
between Huntington, on the Ohio River, and the
mouth of New River (abOye the Falls of kanawha),
ia now substantially completed, and will In few
days be ready to do the immense coal and other bus
iness that is awaiting It's completion. The Eastern
Division, comprising 221 miles, between White Sui
phur Springs and Richmond, Is now In complete or
der and successful operation. The grading and ma
Bonry on eleven of the l02 miles, between the mouth
OF New River and White Sulphur Springs, is COM
pete, and the work on the remaining 81 miles is so
lar advanced that track-laying will De commenced
on this portion Of the road in May next and con-
tinue without interruption until the whole line is
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 10 sell until further orders.
Very respectfully yours,
G. p. HUNTINGTON, President.
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 g per cent. Gold Bonds,
for solid and permanent investments, is eyinced by
the facts that
Five-Twenty Bonds of 1867 are selling at. 115
Central Pacific Bonds are selling at....... 1903
Chesapeake ~ Ohio Bonds are selling at. 81
These bonds all pay both principal and interest in
New YORK City, In U. 3. gold coin, and are equally
The reason why FIvE-TwENTY BONDS are so high
is because no more can be issued, and the outstand-
| ing amount is being rapidly decreased by purchases
/ by the Government from their surplus revenues
The reason why we think CgNTRAL PACIFIC BONDS
will In time advance to the price of FIye-Twenties,
is because more can be issued; while the opera
tion of their Sinking Fund will soon commence to
| decrease the amount.
| The reason why CHEsAPEAKE AND OHIO BONDS
selling 30 low, comparatively while equally safe, Is
because the Company are selling Bonds to complete
the road They will all be sold In short time, and
| in few months the road will be finished, when We
have no doubt the same result Will follow as witt
| FIYE-TwENTY and CENTRAL PACIFIC Bonds. Tht
| Sinking Fund of the Chesapeake and Ohio must g(
into effect within one year after the completion
/ the road.
The Chesapeake d Ohio Bonds are issuet
either coupon reglstered-the denominations ART
as follows;
800, which cost today 9941s
SoOU, ....... 80. 4el.oo
$1,000 ..........., 943.12
Orders for Chesapeake and Ohio Bonds, may bi
sent through any National Bank or Banker; or &C
companied with Drafts or Checks, may be forwarded
to us by mail. Bonds or money may be forwarded
by any responsible Express Company at our eXpens
and the Chesapeake and Ohio Bonds, in exchange
| will be sent by return Express, charges paid.
We buy and sell Government and CENTRAL PAcI
F1c BONDS and receive them in exchange for Chesa
peake and Ohio Bonds.
Accounts of Banks, Bankers and others receives
on phich 5e aloio interest at e rate Of four per ce
per dilnttfr,
FISK q HATCH.
noY4-eod2md&w Financial Agents.