New-York tribune., 1879-05-23
Bnslness NoIlees.
OFFICE OF FISK & HAIcH, .a-o
NO. 3 y NasSau-St, NEW-IORK. May ZS. lStJ.>
FoUR PER CENT CIRCULAR, No. 6.

NO. sssau-st, NEw-YoRK May %. ls19N
FoUR PER CENT CIRCULAR, No. 6
The almost eqnale The demand for
the Four Bonds universal the increstn the
suec OF investment in Government Bonds OF each one we
have order and ssue from five 10 ten thou
SAND satisfy eager inquiries from investors aud al
only three have elapsed since the issue Of the
last besegcd for the latest information ana SO
many questions daily that compelled
another in 70 save time ana satisfy inquiries
friends investors and the public generally constantly
the queuos-Are not the Four Per Cents too high
Wont they cline after whel shall We not 40 bet
ter by wangl Win nor business revive make money
VIII sOmchu happen. for us who have waited
mOrey in FOurs or to exchange our called
bonds put the market price fgurei May not
miracle happen whereby We the holders of S-UOO w.
900 called bonds can supply ourselves Of SO 100000
Fours" without ng their market prcel Won't the
great European and with cash in their
hands wait awhile hoping buy favorable terms
National Banks. to do with our TIO-
100000 Of called bonds still the Banking Department. Can
until called bonds matlre ana then pay
three per difference retire our circulation
lose the interest the Pour Per Cents which as basis
Tor circulation would be almost clear profit HOW
high viii the Per Cents got DO yOu really think
credit has reached tho basis Of three aud hai per
C. nj bond al par what long Four
premium when they get their own three
per cent consos tle part what price must our
-Four Per before the income will be reduced to
the income received British oOBsOs Can not do bet
ter next week. month next fa next year All
questions and hundreds o. others are asked over ana
every day.
one answer is certain and that is that Fours not
these questions Tould rot be asked ana another
s. supply "Fours Unlimited such intense
anxiety would exist 1870 the Government las had It's
hundreds OF millions bonds NOa they are
all out have only feed each ether; this
simple story. Every year produces its
surplus income OF hundreds mliohs-hs Government IT.
paving interest its bonds an average Of
nearly two millions week tho National Banks as much
te RAILROADS much more the savings banks, nsur-
ance and rast companies much moe states counties
and villages much more tie OC1cts or the ind OF
the forest OF the mines treble this while
ali industries oi the land are swelling the rrand
total All TINS National uuderes the credit OF the
Government. which its running generation
all taxation and four cent per an
mum interest, returning the principal al maturity
with competition for the bonds and no more supply
can they remain price, will they
or downl
Iu reply to questions put wewould say, rstwe
DO not think the -Four Per high income is
reduced three and half per cent and tins figure Is
with present amount interest 1929 and second
we 10 not viii do better by waiting We 90
moi think holders of vii anything but
perience by waiting We hnk the European markets ana
cash customers hold al the remaining supply We
know ft every family North. East south aud West
and put part Of their savings into -Four Per Cents fer
safety thousand and pers hat Leset invest
nen in every other direction We know that the Four Per
Gents are e0pa In income British until they ad
vance TO over eighteen per premium We know thar tie
large amounts recently bought O the Government by tho Ma
tiona Bank ofCommerce and First National Bank and
their associates are nearly ali exhausted We beneve the
price OF the advanced To five per premium
1t would make little diGe renee IN tie demand
We 90 not forget that months ago placed the ves
and sxes OF at top the list neither DO forget
that he has knocked the barrier De-
tween and danger Of redemption at maturity bg doing
In fouI months what II appeared would be good work for
many years.
As this NAV the circular shall issue before
the -Four 81 gone would take this occasion
20 thank the press many friends for their cordial words oi
cheer in this undertaking market the last o the Pour Per
Cents" Respectfully,
FISK HATCH