Litchfield enquirer., 1869-12-16

Bankers and Dealers In Gov l&rf 8tls, yFga-91AH a gg4I
 ernmeMta MtaFsecuritles,
 54 hfsaf9t54 sxs9f
 s-@.. sis-, No. ; Massas Street Ntw Fork. h u gf5 3yfv bce November 8, 1882 To our Customers and Correspo pondents:
 The surprising deyelopement of our nation al resources and the rapidity with which the government is now enabled t reduce the na- tional debt, by weekly purchases. render it apparent that the time is approaching when the Five-Twsnty bonds may be funded at not over tour 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 ment in which money may be safely invested. E Du ring the war the necessities and peril o the goyer nmeut, and the1 consequent cheap ness of it's securities, rendered them so at- tractive that, from this cause. com mbined with the p .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 before been deemed sufficiently conservative and sound to meet the wants of the most eau tious investors. sr 51H .y..g
 The government is no longer borrower. It no longer needs the country's capital but desires gratefully and honorably to repay 1t.
 The rapid accumulation of capital for in- vestm ent, and the reduction of the national debt and improvement of the national credit rendering it 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 safe and we'll. guarded channels into which capital not employed iD business may wisely flow.
 The enterprises of Peace, no less needful in their time and place, for the common welfare than were the waste and cost of War. now call for the capital which the government no longer needs, and offer for its use a renunera- tion which the government need no longer pay. and in some cases. 8 security as 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 and which a material decline in Gold toward par, and the ability of the Govern m ent to fund them at lower rate of inter est, may at any time ektinguish. is felt by m any holders who desire some satisfactory assurance as to lxuh pf ho ln ip the market would afford the necessary safety to justify an exchange. - -'' Af~- ~-s. The applications for information and ad.
 vice which are addressed to us daily, show now universal fig the desire for this assurance, as to what forms of investment more profta- bIe than govern ment securities at present market rates, ale entitled to the confidence ol investors. '.".: l'1
 the importance of directing our large exps- rience. and our facilities for obtaining relia- ble nformation to the work of supplying it in some measure, and to offer the results of our inquiries to those who may be disposed to condde in our good faith and judgment.
 We are unwilling to offer to our friends and tn public anything which according to our best judgment is not as secure as the nation. al obligations themselves, with which We have hitherto principally identifedo urselv es
 Since closing the GREAT CENTRAL PA CIFIC RAILROAD LOAN, which meets all these requirements, W, have carefully exa m ined many others, But have found no othe which would fully do so, until the following was placed in our hands;