During the Civil War the firm floated many millions of dollars' worth of government bonds, reviving the public credit and confidence beyond all anticipation, and aiding greatly in placing the national finances upon a firm foundation.
Acting as special agents of Jay Cooke & Co., Mr. Fisk's firm obtained within one month's time nearly $170,000,000 for the U.S. Government.
They were also connected with the Chesapeake & Ohio Railway Company, of which Collis P. Huntington was president.
When Fisk & Hatch failed for more than $8,000,000, in 1873, it was by reason of a debt of $2,651,000 owed the house by the Chesapeake & Ohio Railroad.
This also caused the failure of the Newark Savings Institution, which had kept a large amount of securities on deposit with Fisk & Hatch.