Evening star. [volume] (Washington, D.C.) 1854-1972, 1872-01-02
HARVEY FISK.

HARVEY FISK. As HATCH,
FISK q HATCH,
BANKERS
And Dealers in Government Securities
40. Nassau Street,
NEw YORK, Nov %, ISL.
The successful and rapid negotiation of nearly
thrce-iourths Of the FIFTEEN MILLION LOAN
OF THE CHESAPEAKE AND OHIO RAILROAD
COMPANY, and the energetic prosecution of the
work Of extension ard p epsraton of the Road for
an extensive mineral, agricultural, and through
traffic, have placed the financial affairs and re.
sources of the Company upon such basis that we
are directed 10 advance the price for future sales Fl
the Bonds, As explained in the following letter of
Mr.. HUNTINGTON, President Of the Company:
OFFICE CHEsaPEtEE AND ONO RAILROAD Col
"a William Street, New York,
NOVEMBER is, ISL. \
Bankers and Financial Agents c. & o. r. Il. Co.:
The Western Division of the Chesapeake and Ohio
ton, on the Ohio River and the mouth Of New RiVeI
taboIe the Falls Of KanawhaD, is now substantially
the immense coal and oth6r business tina; Is await,
ing its con petion. The Eastern Division, compris-
Richmond, is nowSfn complete order and successful
ope ration; TIE grading and masonry eleven oi
the lO2 miles, between the mouth IF New River and
White sulphur Springs, is complete, and the work
on the remaining 81 miles is SO tar advanced that
.aCk laying will be commenced this portion OF
the road in May next, and continue without inter,
ruption until the hole line is completed
IA these IRE ghy "A 20,
make further sales of the Bonds of said Company
less price than % and accrued interest atwhic6
price you will continue to sell until further orders
c. P HUNTINGTON, President.
In compliance with the foregoing instructions. the
price Of the Bonds, from this date, until further
orders, will be "a and accrued interest.
The scarcity Of, and demand for, really
Desirable six per cent. Gold Bonds
for sound and permanent Investments is eyinced by
the facts that
FIvE-TwENIY BONDS of 1867 are selling at .lI5
CENTRAL PACIFIC BoNDs are selling ATT. 100
CHESAPEAKE OHIO BONDS selling at 81
These bonds all pay both principal and interest in
New York City, in L. :. gold coin, and are equally
safe for inv estment.
The reason why FTvE-TwFNTY BoyDs are so high
is because more can be issued, and the outstand
ing amount Is being rapidly decreased by purchases
10y the Government from their surplus revenues
The reason why we think CENTRAL PACIFIC Boxns
will in time advance to the price of Five Twenties
Is because more be issued while the operation
Of their Sinking Fund will soon Commence TO de
crease the amount.
The reason why CHESAPEAKE AND OHIO Boyp,
selling so low, comparatively, while equally
safe, is because the Company selling Bonds TO
complete the road. They will all be sold in a short
time and in few months the road will be finished
when we have no doubt the result will follow
with FIvE-TwENTy' and CENTRAL Pacific
BONDS. The Sinking Fund of the Chesapeake and
Ohio must go into effect within one year after the
completion Of the road.
either coupon or rcgsteIcd-the denominations are
as follows
500, which costs to day s94I3
$1,000, ...... el3 ~
Orders for Chesapeake and Ohio Bonds, may be
sent through any National Bank or Banker; or &C.
cCmpanied with Drafts Checks may be forw arded
10 us bg mail. Bonds or money may be forwarded by
any responsible Express Company at our ex peuse
and the Chesapeake and Ohio Bonds, in exchange
will be sent by return Express, charges paid.
We buy and sell Government and CENTRAL PA.
cIFIc BONDS, and receive them in exchange for
CHEsAPEAKE AND OHIO BONDS.
Accounts of banks, bankers and others received.
,chich aisc interest at the rate Of fexy pey
cent. per aHHnm.
FISK Il HATCH,
no2s-tsthua7 FINANCIAL AG BNTS