Wilmington daily commercial., 1872-01-01
HARVEY FISK. A. s. HATCH.
FISK g. HATCH,
BANKERS,
and Dealers in Government Securities,
No. 5, Nassau Street,

Yss York, NOu 20, 1871.
The successful and rapid negotiation of nearly
OF THE CHESAPEAKE 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 traffic have placed the financial affairs and
resources of the Company upon such basis, that
are directed advance the price for future sales
Of the B0nds explained in the following letter OF
Mr. Huntington, President of the Company;
once Chesapeake and Ohio Railroad Company,
"a William Street, New York.
November is, 1871.
Messrs FISK & HATCH -
Bankers and Financial Agents c. 4 R R. Co.:
Gentlemen:
me Western Division Of the Chesapeake and
Ohio Railroad, comprising the % miles between
between Huntington, on the Ohio River, and the
mouth of New River above the Falls of KanaWha),
is now substantially completed, aud will in a few
days be ready do the immense coal and other bus
mess that Is awaiting its 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.
sonry 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
far 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
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 gouihI
G. p. HUNTINGTON, President.
In compliance with the foregoing instructions the
price Of the Bonds from this date, until further or
ders, will be 81 and accrued interest.
The scarcity OF, and demand for, really
Desirable 6 per cent. Gold Bonds,
for solid and permanent investments, is evinced by
the facts that
Five-Twenty bonds Of 1867 are selling at. 115
Central Pacific Bonds are selling at ,...., IO3
Chesapeake 81 Ohio Bonds are selling at. 81
These bonds all pay both principal and interest in
New York City, in U. 8. gold coin and are equally
safe for Investment.
The reason why FrvB-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 CBNTRAL. PACIFIC BONDS
will in time advance to the price Of Fve-Twenties
is because no more cen 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 SO low, comparatively, while equally safe is
because the Company are 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 doubt the same result will follow as 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 registered-the denominations are
as follows:
800, which cost today ...,,,,..... ss41s
$500, " =" .....,. 80. 4S1b6
$1,000, .,,......... 94312
Orders for Chesapeake and Ohio Bonds may be
sent through any National Bank or Banker; or
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 expense
and the Chesapeake and Ohio Bonds, in exchange,
will be sent by return Express, charges paid
We buy and sell Government and CENTRAL PAoI-
EIc BONDS, and receive them in exchange for Chesa
peake and Ohio Bonds.
Accounts of Banks Bankers and others received
on uhich Ige Goo interest at the rate of four per cent
per dnRun.
FISK q HATCH.
nova eod2md&w Financial Agents,