St. Johnsbury Caledonian. [volume] (St. Johnsbury, Vt.) 1867-1919, 1872-01-12
HARVEY FI-K. \. :. HAr,m
FISK & HATCH,
BANKERS
And Dealers in Government Securities,
No. 5 Nassau Street,


Nc York. .For. ~. III.
The successful and rapid negotiations Of nearly
three fOurths OF the Futtr Million Loan u III,
Chesapeake Gad ONO Railroad Coml,rny. and tl,.
energetic prosecution of the work q: extension and
agricultural and through traffic. have placed the,
financial affairs and Resources of the Company upon
such i basis. that q. axe directed 70 advance the
price Tor future sales of the Bonds explained i'll
the follow I'M letter cf Nj. Huntington rr,>idr1,
ri the Company:
OFFICE rHEstrEAkE AND OHIO RAILROAD CoSrA>l
Il William Street New York,
Nuytuiacr J.. Isl.
M,ss.~. fI>h y UaTUH
Blankets and Financial Agents =. \ q y = 20.
Gentlemen:
The Western Division OF the Chs. ,p,,, Ar.nd Ohio
Railroad comprising the o. miles /, Hunting
ton on the Ohio River, and the mouth ct New Xiv
or (abOve the Falls of Kanawhal. is now substaII-
TALLY completed, and will in a few days b, ready
TO do the immense coal and other business thai is
awaiting its completion. The Eastern Division
comprising 221 miles, between White sulphur
Springs and Richmond, is now in complete order
and successful operation. The grading and u.:~,l.-
AIRY on eleven of the lG2 miles. between the Iurli
"t New River and White sulphur SyrinLs is { M
plctr, and the work the remaining 81 miles i, 50
far advanced that tIackay inG will he commenced
on this portion Of the road i'll May neal. and con
tinGc without interruption until thr whole lin, j.
complete.
In View al these facts, You hereby directed To
mal, further sales Of the Bonds OF said Compa-
ny At a les. price than u and accrued interest at
which pIic, you will continue Ia sell until u.r;L,r
orders.
Very respectfully yours.
4. l.. HUNTINGTON. F,si,LHt
In compliance with the tnrrgnng instructions.
the price of the bonds, from this date until turh.
orders, will be "a and accrued interest
The scarcity of demand for r,al.
Desirable six per cent Gold Bonds,
for solid and permanent invrsmnIs. j. cyinrcd Il,
the facts that
Firc-',rcIlty Eoais If IeO7 arr selling q: - H.,
Central Pacific EoHd~ are Cling at --..-.-.- lui
Chesapeake d Ohio Bn.,dv selling at ...--..- ~
These bonds al pay both principal and interest in
New York City. i'll L. :. gold .r and are equally
safe fur Investment
The reason why 70, Treaty Iiu.,i .rr high is
because no more can ho ISSUED and ;h, ":ItstIIm.
amount is being rapidly decreased by purchases by
the Government from their sarplus revenues.
The reason Why think C,aL.,i Et,r1Fc Bouts
will i'll time advance Ia IN" price ct Iiyc-Twrutics
is because can h, issued Will. the oj, ri
lion of their Sinking Fund viii ,.om cnIninrnc, TO
decrease the amount.
The reason why ChcspcUkc G1d Gh,u Bp.dS are
selling so low comparatively. Will" equally safe,
is because the Company are selling Bonds to com
pletc the road. They will all he sold in a short
time and in a few months the road will BE- finished
when We have no doubt the same result will follow
as with Fire Tncnty and Central Pdcifc Bonds. The
Sinking Fund Of the Chesapeake and OH, must oo
into effect within year aijrl The completion Of
the road.
The Che$peakc d Oaio Bonds are issued either
coupon or rcGistrred-thc denomination arr, A. fol
lows:
$780, which cost 10 day .-...-.... Sg4I3
$500 47I5G
$1,000 aI31.
Orders FOL Chesapeake and Ohio Bonds, may he sent
through any National Bank or Banker; or accom-
panied with drafts Checks. may BE- forwarded to
us by mail. Bonds money may he forwarded by
any responsible Express Company at our expense,
and the Chesapeake and Ohio Bonds, in exchange
will be sent by express, charges paid
We buy and sell Government and Central Pdcifc
and Ohio Bonds.
Accounts Of banks, bankers and others received
arhich dlO,O interest at the rate Of fpur Dcr
cent. per amman.
FISK 4 HATCH,
~ FinaHciH 1Jcnt..