New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1872-09-09
BANKING AND FINANCIAL.
ANNOUNCEMENTS FOR PROPOSALS.
OFFICE OF FISK & HATCH, BANKERS !


OFFICE OF FISK & HATCH, BANKERS AND)
FINANCIAL AGENTS OF THE CHESAPEAKE AND I
ONO r. X. Co.. NEw-YoRK, Sept. 8, 1871
By direction of the President and Directors of the
Chesapeake and Ohio Railroad Company offer,
for proposals, all the remaining balance of their
FIRST MORTGAGE SIX PER CENT GOLD BONDS, now
amounting to S2,929,7OO Proposals must be accom-
panied by deposit of 5 per cent, and will be re-
ceived up to, and including Monday the 10th inst.
the Directors reservng the right to reject any pro-
posals which it may not be for the interest of the
Company to accept. The per cent deposit will be
applied toward the payment, in case of accepted
bids and returned to those whose proposals are not
accepted.
The President of the Company, Mr.. c. P. HUNT
INGToN, is well kAown as the Yice-President of the
CENTRAL PACIFIC RAILROAD COMPANY and the same
energy displayed in the management of that corpo-
ration and to which its remarkable success is so
largely due, is being put forth in the CHESAPEAKE
AND OHIO.
The Board of Directors is composed of probably as
strong and able men as were associated
together to carry out a great enterprise. Among
them are the following well-known New-York mer-
chants: Messrs. A. A. Low, VIM. II. AsPINwALL,
JONAS G. CLARK, DAVID STEWART, WIN. WHITE
WRIGHT.
This road will extend from Richmond to the heart
of the great West, at point on the Ohio River SlS
miles below Pittsburgh where it will at once con-
meet with 1900 miles of river navigation, and soon
by connecting roads with the whole great system OF
Western railroads thus giving a short, direct and
easy grade outlet to the millions of people and In
exhaustible products Of the West TO the Atlantic
Coast and in return furnishing them with the man.
ufactures of the East and cheap coal and cheap
iron from along the line Of the road. Its traffic
must be immense 1t will cost, fully equipped, up
ward of SSO,OOO,OOO. OF the whole length OF the
line 427 miles, at this date $50 miles are completed;
the grading is nearly done on the remainder, the
iron is being rapidly LAID and during November next
it is expected trains will through to the Ohio
River
The Western end 200 miles will be nearly all laid
with steel rails, the bridging all iron, and the
masonry frst-class in every respect. .
The total amount of these Bonds is Sl5,cOO,Vo.
The amount sold by us from the date of bringing
out the loan is S14,4S9,GOO. ..
The amount now offered by us is made up as fol-
lows:
IJnsold Balance Of Loan as above.......... $4,000
Reuurchased and received in exchange for
Debenture Bonds of the COmpany........ 2,4l3,SO
Leaving Balance subject to proposals. 1928 700
Should the Proposals exceed this amount, proper
award among the accepted proposals will be made.
An opportunity for Savings Banks Insurance Com
panies Estates and Investors to get SO good Bond
on great road, at moderate price, is rarely Of
fered.
The bonds are issued in denominations of 800,
$500. and 81 ,OOO either Coupon or Registered; In
terest PAYABLE May and November, both principal
and interest payable in New-YOrk City, in u s. Gold
Coin. The accrued interest from May LIST will be
added TO all accepted proposals.
Proposals should he addressed to
FISK Z HATCH, Financial Agents,
Chesapeake and Ohio r. r. Company.