Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1869-12-16

HARv1Y 1lsK. A q latch.
OFFICE OF FISK = HATCH,
sAxKERs And DRAIxRs N oov1RN.
l1HNT s1CURITI1s.
No. 8 NASSAU ernszT. NEW Yonx,l
Novs@bm .. 1899
To our Castonaers and Correspondents:
The surprising dsvsiopm~nt Of our national ~
sources and the r.pldlty with which The govern
ment Ii now enabled 10 reduce the national debt,
by weekly purchases, render It apparent that the
time n approaching when the Rive-Twenty bonds
may be funded At not over four or four and .
half per cent. interest.
other classes Of securities paying equal rate Of
interest, In leading TO general inquiry for more
profitable forms OF investment In which money
may BE- safely invested.
During the war the Necessities and peril Of the
government, and the consequent chespnsss Of its
securities, rendered them 30 attractive that, from
this cause, combined with the patriotic faith Of
the people in their safety, they absorbed almost
the entire floating capital Of the country, and
diverted attention from other classes Of securities
which had before been deemed sufficiently con-
sentative and sound TO meet the wants Of the
most cautious investors.
The government Is no longer borrower II
no longer needs the countrys capital, but desires
gratefully and honorably to repay IL.
The rapid accumulation Of capital fOr invest
ment, 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 derived from investment
in government bonds-is compelling the search
for other safe and well guarded channels into
which capital not employed in business may
wisely How.
The enterprises Of Peace, no less beedful 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 remuneration which the
government need no longer pay, and in some
c.ses, security stable and enduring the
faith Of the nation itself
The desire 10 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 Government 70 fund them
at lower rate Of interest, may At any time ex-
tinguish, is felt by many holders who desire some
satisfactory assurance as TO which Of the many
low-r-prced securities IN the market would af-
ford the necessary safety 70 Justify an exchange.
III, applications for information and advice
which are addressed 10 daily, show bOs uni
yersal is the desire for tins assurance 70 what
forms Of investment more profitable ID al Govern
ment securities At present market rates, are en-
titled 20 the conhdenc. Of .nyestvr-.
The pressure Il Ia. y AT ~ LED u % feel the
importance 81 directing our own attention a.
bankers our large experiene-. and oar faeilities
fsr oat4inn reliable information - he work
O. 4..IpIyi', q. II a-'.rr. ~. Of'eT the
res III ~ II quiII.s - tbo- who msy be dis
posed 20 .yii.d. II. or good faith and Judgment
W. ~ az ,,l.ius ~ OnrE 10 our friends and ths
public 4ry . ~ ~hieh riding 70 our best juds
ment l. not ~ ,..' T., - he nal obligation,
4 krsR ar-.s a-rftnt