Litchfield enquirer., 1869-12-23

Te sasrseal aefnmene securities, I4 vsd sF .a.o4ed fsg5 aa Fl fs5as1 ass ss9laiadt5 v r ''y. sisi,orasI syNe. s Nassas Ssrea. Nsw Iosk. ,ss ss.isat1si IF Y a9 November 8. 1889. 70 ow Customers and Correspondents: *j
 The surprising development of our nation 2 al resources and the rapidity with which the government isnow enabled to 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 oyer four or four and d half per cent. interest IaI b-l Meanwhile their high price, as compar ed with other classes of securities paying an q equal rats of interest, is leading to general inquiry for more profitable forms of invest ment in which money may be safely ly invested. aaos During the'w war the necessities and peril of the government, and the consequent cheap ness of its securities rendered them 50 at- .tractivel thatg from this cause, com bined with the patriotic faith of the people in their safe .. ty, they absorbed almost the entire floating capital of the country, and diverted attention sfroml pther sciasses of securities which had before been deemed sufficiently conservative and sound to meet the wants of the most eau. tious investors. ge9 aza 3cc 15 +2tia aso The government is no longer borrower. S' It no longer needs the cou untry's capital but desires gratefully and honorably to repay it.
 s,The rapid, accumulation. of capital for in-
 vestm ent, and the reduction Of the national debt and improvement of the na tiona1 credit '-,rendering 1t certain that hereafter but, a comparatively low rate of interest can be de- rived from investment in goverum bonds
 is compiling 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 remunera- ! ton which the government need no longer pay. and in some cases, a 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 material decline in Gold toward par, and the ability of the Governm ent to fund them at lower rate of inter est, may at any time extinguish, is felt by many holders who desire some satisfactory assurance as to which of the many low-rriced securities in the market would afford the necessary safety justify an exchange. ..... .-l. d.
 The applications for information an d ad-
 vice which are addressed to us daily, show now universa1aje the desire for this assurance, |" as to what forms of investment more profta- ble than govern ment securities as present market rates, are en titled to the confidence of investors. 4 ..'--
 The pressure of this want has led us to feel the importance of directing our large expe- rience, and our facilities for obtaining relia:- ble information -to the work of supplying it in some measure, and to offer the results of our inquiries to those who may be disposed to con6de in our good faith and judgment
 We are unwilling to offer to our frien ends and the public ything which according to our best judgment is not as secure as the nation al obligations themselves, with which we have hitherto principally identified ourselves. 's' Since closing the GREAT CENTRAL PA ,CfFIc RAILROAD LOAN, which meets all these requirements, wa have carefully exam ined many otlsers, but have found no other which would fully do so, until the following was placed in our hands,, I Zi le