The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1869-12-11
HARVEY FISK. A. s. HATCH.
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Office Of FISK & HATCH,
Bankers and Dealers in
Government Securities.
No. Nassau Street, NeW York,
Novemher 1860

10 our Customers and Correspondence
! The surprising development OF our national re-
sources and the rapidity with which the Govern
ment is now enabled to reduce the national debt
by weekly purchases, render it apparent that the
time is approaching when the Five-Twenty bonds
may be funded at not over four or four and hall
per cent. interest.
Meanwhile their high price, as compared with
othe classes of securities paying an equal rate Of
interest is leading to general inquiry for more prof
liable 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 it,
securities, rendered them so 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 conservative and
sound to meet the wants of the most cautious in
vestors.
The government is no longer a borrower. It M
longer needs the country's capital, but desires
gratefully and honorably to repay it.
The rapid accumulation of capital for investment
and the reduction of the national debt and improve
ment Of the national credit-rendering it certain
that hereafter but comparatively low rate OF in
terest can be derived from Investment in govern
ment bonds-is compelling the search for other safi
md well guarded channels into which capital moi
employed in business may wisely flow.
The enterprises Of Peace, no less needful in thei
time and place, for the common welfare, than wer,
the waste and cost of War; now call for the capita
which the government no longer needs, and offe,
for its use q remuneration which the government
need no longer pay. and in some cases, security
as stable and enduring as the faith of the nation
ITSELF
now be realized from Five-Twenty bonds, ant
which q material decline in Gold toward par, ant
the ability Of the Government to fund them at I
lower rate Of interest, may at amy time extinguish
Is felt by many holders who desire some satisfactory
assurance as to which of the many iower-pricet
securities in the market would afford the necessar,
safety to justly an exchange.
The applications for information and advic
which are addressed to us daily, show how univer
sal Is the desire for this assurance, as to VIVA
forms OF investment more profitable than Govern
ment securities at present market rates, are emit
| tied to the confidence OF investors,
The pressure Of this want has led us to feel tn
importance Of directing our own attention as bank
ers, our large experience, and our facilities 70
obtaining reliable information-to the work O
supplying it in some measure, and to offer the re
suits of our inquiries to those who may be DISPOSE
to confide in our good faith and Judgment.
| We are unwilling to offer to our friends and III
public anything which according to our best iude
1 ment is not as secure as the national obligation
themselves, with which we have hitherto principal
identified ourselves.
Since closing the GREAT CENTRAL PACIFI