The Portland daily press., 1869-11-29
MISCELLANEOUS.

MISCELLANEOUS.
HARVEY Fisk. ASH HATCH.
Office Of FISK & HATCH,
Bankers and Dealers In
Government Securities.
No. Nassau Street, Nsw York,
November 8, 1869.
To our Customers and Correspondents
The surprising development of our national re-
sources and the rapidity with which the Govern
ment ia now enabled to reduce the national debt
by weekly purchases, render it apparent that the
time is approaching when the Fve-Twenty bonds
may be funded at not over four or four and hall
per cent interest.
Meanwhile their high price, as compared with
other classes Of securities paying an equal rate of
interest. is leading to general inquiry tor more prof
liable forms Of investment in which money may be
safely invested.
During the war the necessities and peril of the
government, ana the consequent cheapness of its
securities, rendered them so attractive that, from
this cause, combined with the patriotic faith of the
people in their safety, they absorbed almost the
entire floating capital OF the country, and diverted
attention from other classes OF securities which had
sound to meet the wants of the most cautious in
vestors.
The government is no longer borrower. 1t no
longer needs the country's capital, but desires
gratefd lily and honorably to repay it. -.-
The rapid accumulation of capital for investment,
and the reduction OF the national debt ana improve
msnt Of the national credit-rendering 1t certain
that hereafter but comparatively low rate OF in
ment bondsis compelling the search for other safe
and well guarded channels into which capital not
employed in business may wisely flow.
The enterprises Of Peace no less neediu in their
time and place, for the common welfare, than were
the waste and cost of War. now call tor the capital
which the government no longer needs, and offer |
for its use remuneration which the government
need no longer pay. and in some cases, security
stable and enduring as the faith of the nation
itself.
The desre to capitalize the premium which may
now be realized from Five-Twenty bonds, and
which material decline in Gold toward par, and
the ability of the Government to fund them at |
lower rate OF interest, may ct any time extnguish,
felt by many holder. who desire some satisfactory
assurance - to which Of the many iower.priced |
securities in the market would afford the necessary
salety 70 justly an exchange.
The applications for information and advice |
which are addressed to US daily, show how univer-
sal Is the desire for this assurance, as to what
forms OF investment more profitable than Govern
ment securities at present market rates. are enti-
tied to the confidence OF investors.
The pressure OF this want has led us to feel tho |
importance Of directing our own attention as bank
ers, our large experience, and our facilities for
obtaining reliable information-to the work Of |
supplying it in some measure, and to offer the re-
suits OF our inquiries to those who may be disposed
to conAde in our good faith and Judgment
We are unwilling to offer to our friends and the |
public anything which according to our best judg-
mept is not secure the national obligations |
themselves with which we have hitherto principally
identified ourselves.
Since closing the GREAT CENTRAL PACIFIC |
RAILROAD LOAN, which meets all these re-
quirements, we have carefully examined many
Others but have found no other which would fully
do so, until the following was placed in our hands;