Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1869-12-17
9ew advertisements.
hAh'Lf FISK i .. AAIcA.
Office of FISK &HAiCH,
BANKERS AND DEALER ~
GOVERNMENT SECURITIES.
No. Nassau Street, Nsa York,
November 3, 1863

49, tNsf -'tH' ANi -
November :, 1853
To oar cusfOM,rs and COrrePOEdsnts
The surprising development Of oar national Re.
sources and the rapidly with which tie govern
ment is now enabled to reduce the national debt,
by weekly purchases, render it apparent that the
time is approaching when the Fiye-Twenty bonds
may be funded at not over four or four ami half
per cent. interest,"
Meanwhile their high price, compared with
other classes Of securities paying an equal rate Of
interest, is leading general inquiry for more prof
table forms Of Investment in which money may be
safely invested.
During the war the necessities and peril Of the
government, and the consequent cheapness Of its
securities, rendered them attractive that from
this cause, combined with the patriotic faith of the
people in their safety, they absorbed almost the
tire floating capital Of the country, and diverted
attention from other classes Of securities which had
before been deemed sufficiently conservative ard
sound to meet the wants Of the most cautious in
vestors.
The government is no longer borrower. It no
longer needs the eountry's capital, but desires
gratefully ana honorsbly to repay it.
The rapid accumulation OF pitsl for Investment
and the reduction OF the national debt and improve
ment Of the national credit-rendering It certain
that hereafter but Il comparative low rate Of IN
terest can be derived from Investment in govern
nent bonds-is compelling tie search for other safe
and well guarded channels into which capital not
employed in business may wisely aow.
The enterprises OF Peace, no less needful in their
tme and place. for the common welfare, then we're
the waste and cost Of War, now call for the capitL
which the government no longer nesds. and offer
for its use remuneration which the government
need no longer pay, and in some cases, security
as stable and enduring as the faith Of tie nation
Itself.
The desire to capitalize the premium sAch may
now be realized upon Flye-Twenty bonds, and
which material decline in Gold tosaris par, and
the ability Of the Government 70 iuui them Al a
lower rate Of interest may at any time e2tusuish
is felt by many holders who desire some satisfactory
assurance as to which Of the many lover priced Sc
curities IN the market would afford the nee .ssary
sefety to justly 81 exchange.
The applications for information and siyiee
which are addressed to u. daily, show bow uaiyer-
sal i. the desire for this assurance. as E, what
forms Of Investment more profitable than Goyzrn-
ment securities At present market rates, are ,l.led
t. the confidence OF investors
The pressure Of this want has lead u, O. ssl tile
Importance OF directing our own attention o.. hank
ers, our large experience, and our fci.ie, .or OH
tanning reliable international the work u supply
ins it in some measure and TO offer tie result. Of
our Inquiries to those vino may be disposed % con-
ade in our god iai;h and Iud Smeut.
We are unwilling to offer to our friend, aud tie pub
he any thing which according 10 our best jul .lleut
is not 81 secure a. the national obi CATIONS them
selves, with which ve have hilbert. principally
identified ourselves.
Since closing the GREAT CENTRAL PACIFIC
RAILROAD LOAN. which meets oil tAs.. require
ments, We have carefully examined many others
but We found 10 ether which would fully d. -o. IN
I'll the following ~. placed 10 our hands