Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1869-12-01

.Oficc Of FISK Il HATCH
BANKERS AND DEALERS ~ GOV
ERNMENT SECURITIES.


70 oar cufomsrs ant Correspondents
The surprising development Of our national resources
and the rapdity with which the government IS now en-
abcd 90 reduce the national debt by weekly purchases
render apparent that the time approaching whom the
Fivcrwenty bonds may be funded at not oycr four or
four and halfpor cont interest
Meanwhile thclr high price, a. compared with other
Glasses Of securities paying equal rate OF interest s
leading 10 general inquiry for profitable forms Of
Investment in which money may DC safely invested.
During the war the necessities and peril of The goy-
erument and the consequent eheupnoss Of lie ecures
rendered thom attractive that nom this cause, com
bincd with the patriotic faith OF Che poopc In thor safe
ty they absorbed almost the entire loatng capital Of
te country and diverted attention from other easso.
OF securities which had before bccp deemed sufficiently
conservative and sound to meet the wants Of the most
cautious investors.
The government b. no longer borrower limo longer
needs the country capital, hut desires gratefully and
honoubly to repay IL.
The rapid accumulation Of capital for Investment aud
the reduction of the national debt and improvement OF
the national crcdit-rcnderng It certain that hereafter
buta comparatively low rate Of interest be derived
nom Investment In government bonds-is compelling th,
search for other safe and well-suared channels int,
which capital not employed in business may wisely
now.
The enterprises Of Peace, less needfu In their tim,
and place. for the common welfare than were the vast,
and cost Of War call for the capital which the gov
eminent longer needs and offer for It's remuncr
alton which the government need longer pay, and ir
some cases a security as stable aud enduring Ia,
faith Of tho nation itself
The desire Co capitalize the premium which may nov
be realized upon Fiye-Twcnty bonds. and which mate
rial decline in Gold toward par and the ability of t
Government TO fund them at lower rate of interest MA,
at any time extnguish Is felt By many holders who de
sire satisfactory to which Of the many
loworprIced securities in the marke, would afford ia,
necessary safety TO justify an exchange.
The applications for information and advice which NJ,
addressed to daily show how universal s tho desire
Tor This assurance to what forms OF Investment
profitable than Government securities at present mnrkc
rates. are entitled to the confidence of investors.
The pressure " this want has led TO feel the mpor
lance OF directing own attention as bankers, ou
large experience and facilities for obtaining reliable
insrnuton-to the work of supplying It in some meas
ure and to offer the results Of our Inquiries 70 those wh
may be disposed to conhde 10 good faith and iudg
ment
We are unwilling TO offer to our friends and the pubH
anything which according to our best Judgment is not a
secure as the national obligations themselves with which
we have hitherto principally identified ourselves
Since closing the GREAT CENTRAL PACIFIC RAIL
ROAD LOAN, which meets all these requirements, vi
have carefully examined many others, but have iouu'
NO other which would fully do SO, until the following
WAS placed in our hands