Litchfield enquirer., 1869-11-25
re HARVEY FIsEe 3 As. HATCH Office of FISK & HATCH z Bankers and Dealers ins Gov ernincnt Securities,
 s1.EI ayU
No. 5 Nassdu Strftt, Neus Fork. M November s. 1869.


 I - ,5,rs es 2 November 6. 1869. To our Custonsers aud Co,resp ondents:
 The surprising developemcnt of our nation +al resources anl inc rapidity with which the government is now enabled t., reduce the naz tional debt, by weekly purchases. render it apparent that tEe time is approaching when the Five-Twenty bonds may be funded at not over four or four and half per cent. interest
 Meanwhile their high price, as compared with other classes of securi ties paying an equal rate of interest, is leading to general inquiry for more profitable forms of invest mont in which money may be safely invested.
 Du ring the war the necessities and peril of the gover nment, and the consequent cheap ness of it's securities, rendered them 50 at tractive that, from this cause. combined with the -triotic faith of the people in their safe- ty, they absorbed almost the entire floating capital of the country, and diverted attention from other classes of securities which had and sound to meet the wants of the most eau tious investors
 The government is no longer q borrower. It no longer needs the country's capiial but dosi ros s .tofu1Iy and henorably to repay it. The rapid accumulation of capital for in vestm ent, and the reduction of the national debt and improvement of the national credit rendering 1t certain that hereafter but a comparatively low rate of interest can be de- rived from investment in government bonds Is compelling the search for other safa and we'll guarded channels into which capital not employed iS busin ess may wisely flow.
 The enterprises of P eace, no less needful in their time and place, for tho common welfare than were the waste and cost of War. now call for the capital which the government nd longer needs, and offer for it's use remunera- ton which the government need no longer pay. and in some cases, secarity as stable The desire to capi talize the premium which may now be req ized upon Five Twenty bonds and which material decline in Go Id toward par, and the ability of The Govern ment to IuHu tucuA dt ~ ioWoE I~Io ot iuS0iOoos IAssy O" any time extinguish. is felt by m any holders who desire some satisfactory assurance as to which of tho many low-priced securities in the market would afford the necessary safety l to justify an exchange.
 The applications for information and ad. vice which g re addressed to us daily, show how universal is the desire for this assurance, as t. what forms of investment more proGta- ble than govern msnt securities at present market rates, ate en titled to the confidence Oi investors. --. 1. .... D.. lf The pressure of this want has led us to feel the importance of directing our large exps- rience, and our facilities for obtaining relia ble info rmation to the work of supplying fl in some measure, and to offer the results oi our inquiries to those who may be disposed to confide in our good Raith n tudgrnAnt.-- -.s'
 wo are unwilling to offer to our frie nds and tn public anything which according to our best judgment is not as secure as the nation. al obligations themselves, with which We have hithor to principally Identified urselv es
 Since closi ng the GREAT CENTRAL PA CIFIC RAILROAD LOAN, which meets all these requirements, WI have carefully exam inei many others, but have found no other which would fully o 50, until the following was placed in our hands;