Wilmington daily commercial., 1872-01-08
A 8. H4rcsz.
HlnvxY Ftax. A 9. HAroH
FISK g. HATCH,
BANKERS,
and Dealers in Government Securities,
No. 3, Nassau street,
HARvHY FISK
S.S Y~h, Nov. 80, 1871.

Nsp Yok, Noe. 20, 1871.
The successful and rapid negotiation Of nearly
or TRE CHEsAPEAwR AND OHIO Rail-
ROAD COMPANY, and the energetic prosecution
Of the work Of extension and preparation OF the
Road for an extensive mineral, agricultural, and
through trafic have placed the financial AFFAIRS and
resources OF the Company upon such oasls that
we are directed advance the price for future sales
of the Bonds, as explained in the folio sing letter Of
Mr. Huntington, President Of the Company:
once chesapeake and ohio Railroad Company,
81 William Street, New YORK.
November IS, 1871
Messrs. FISK HATCH,
Bankers and Financial Agents @. r. r. Co
Gentlemen:
The Western Division Of the Chesapeake and
Ohio Railroad, comprising the % miles between
Between Huntington, on tho ohio River, and the
mouth Of New River (above the Falls OF Kanawha),
is now substantially completed, and will in few
days be ready to do the immense coal and other bus
mess that is awaiting It's completion. The Eastern
phur Springs and Richmond, is now in complete or
der and successful operation. The grading and ma
sonry eleven OF the l02 miles between the mouth
OF New River and White Sulphur Springs, Ia COM
pete, and the work on the remaining 81 miles Is
far advanced that track-laying win De commenced
tinue without interruption until the whole hne is
completed.
make further sales Of the Bonds of said Company
at less price than ~ and accrued interest, at which
price you Will continue 70 sell until further orders.
Very respectfully yours,
G. p. HUNTINGTON, President.
In compliance with the foregoing Instructions the
price OF the Bonds, from this date until further
ders, will be 94 and accrued interest.
The scarcity Of and demand for, really
Desirable @ per cent. Gold Bonds,
for solid and permanent Investments, is evinced by
the facts that
Five-T,vent- Bends Of 1867 are selling at. 1I5
Central Pacific Bonds are selling at....... los
Chesapeake a. Ohio Bonds are selling at. 94
These bonds all pay both principal and interest in
New YORK City, In U. !. gold coin, and are equally
safe for investment.
is because no more 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 CkNTRAL PACIFIC BONDS
Will In time advance 10 the price of Five-Twenties
is because no more be issued; while the opera.
tion Of their sinking Fund will soon commence TO
decrease the amount.
The reason why CHRsAPEAKE AND ONO BONDS
selling so low comparatively, while equally safe is
because the Company are selling Bonds TO complete
the road. They Will all he sold In short time and
In few months the road will be finished when we
have no doubt the same result will follow az with
F1Yk-TWEHrY and CENTRAL PACIFIC Bonds. The
Sinking Fund OF the Chesapeake and Ohio must 20
into effect within one year after the completion Of
the road.
The Chesapeake 81 Ohio Bonds are issued
either coupon or registered-ths denominations are
as follows:
:lOC' :slOo' which cost today ........... ss41s
xtooo' ., "a a ''''.'' '''' d9o sod9o
FAtVVVi ............ 94sl2
Orders for Chesapeake and Ohio Bonds, may be
sent through any National Bank or Barker: or &C.
oompanied with Drafts or Checks may be forwarded
70 US oy mail. Bonds or money may be 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 CRNrRhf PAu1.
FIo BONDS and receive them In exchange for Chesa-
| peake and Ohio Bonds
Accounts Of Banks, Bankers and others received
on which zoe d0 interest at the rate Of four per cent
| per annufn.
| FISK HATCH.
move eod2md&w Financial agents.