Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1869-12-22
HARVEY FIsK.
.Oaice of FISK q HATCH,
BANKERS AND DEALERS IN GOV
ERNNENT SECURITIES.


10 oar Customers and covsspondsnr
The surprising development Of our national resources,
and tho rapdlty with which the government ID now en-
abcd to reduce the national debt By weekly purchases
render 1t apparent that the time approaching when the
hye-rweny bonds may be funded at not over four or
four and halfper cent. interest
Meanwhile their high price, a. compared with other
classes Of securities paying equal rate Of Interest
leading to general Inquiry for profitable forms N
Investment In which money may DO safely Invested.
During the the necessities and peril Of the gov.
crnment and the consequent chcapnc Of It, securities
rendered them attractive that nom this cause com
bncd with the patriotic faith Of the people IN their safe
ty, they absorbed almost the entire floating capital
the country and diverted attention from other classes
of securities which had before been deemed sufficiently
conservative and sound 10 the wants Of the most
cautious investors
The government is no longer borrower Ilno longer
needs the eountrys capital but desires gratefully and
honorably to repay H.
The rapid accumulation Of capital for Investment and
the reduction Of the national debit and improvement Of
the national credt-renderng 1t certain that hereafter
but comparatively low rate Of interest be derived
from investment government bondsRs compelling the
search for other safe and we'll guarded channels into
which capital not employed in business may wisely
low
The enterprises Of Peace no less ueedfdl in their time
' fA' 'Ni WV NNhAiNA MNai'i Nllhi MttN tue NhhNe
and cost Of War call for the capital which the gov
ernmont longer needs and offer for H. rewuner.
alton which the government need longer pay and In
some cases. security stable and enduring as the
faith Of the nation itself
/ The desire to capitalize the premium which may now
be realized upon Five-Twenty bonds aud which mate.
rial decline in Gold toward par, and the ability of the
Government to fund them at lower Of interest may
at any time extnguish s felt By many holders who
sire satisfactory which Of the many
lowerpreed securities in the market woad afford the
necessary safety TO justify exchange.
The applications for Information and advice which are
addressed to daily, show how universal Is tho desire
for this assurance to what forms Of Investment more
profitable han Government securities present market
rates, are entitled to the confidence Of investors.
The pressure Of this has led US feel the impsr-
lance OF directing our own attention "a bankers our
large experience and facilities for obtaining reliable
iniormatlonto the work Of supplying it in meas
ure and to offer the results Of Inquiries 10 those who
may be dispose to conade in our good faith and judy
ment.
We are unwilling to offer to friends and the public
anything he@Soring to our best Judgment Is not
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, we
have carefully examined many others but have found
no other which would nlly do so, until the following
was placed in our hands