Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1884-05-30
FISK AND HATCH.


SH''c" OF 'he "e"bers OF the Firm
Twenty-twO years ago two Young but ex-
ueriepcrd bnnx clerks If Nav E,,,ond
i.i ,1
'''-'' ii'' wy f'sN anu a. = Ha'ch,
formed par neiship and started a banking
bus ness for Themselves under the STYLE of
Fisl e. Hatch o,o,,;o,, ,ho;.L,,, N
a., ,oo, ~, ''''' ''", 'i'' ="
oVh' loo@' lheir neHihh'hg Vas IN very
humble WY. Mr.. FIX h,d been u clerk in
the commonwealth Bank, AID A. 5. Hatch
| had been clerk IN Jersey CITY bank. In
less than year the new firm fluni them
selves enjoying a patronage that gave the
tlrm an excel ent business stan hog in
W all str Ct. They w're in this position
hen the rnment began to issue bonds
to aid in suppressing the rehclliJn, and
were among the very frs in their line to pin
their faith to the success of the scheme and
to act upon it, TAey were recogn zed
everywhere MS the cnief New York agents
OF the Government in the negotiation of its
bonds. The firms last annual pamphlet,
entitled "Mcmoranda Concerning Govern.
ment bonds" (thc work of Mr. Fisk's eldest
son, Edward is Il handbook of general
financial instruction, totally different from
the merely busin,s So circular that first ap.
peared under the title.
| The firms options aud advice used to be
sought for on all investment matters by
officers of banks and other corporations, as
well as by individual capitalists, and they
maintained special correspondent al
| Washington who kept constant watch at the
Treasury and at the Capitol and fur
nished them with immediate and accurate
| Geographic intelligence on all matters
close OF the war, the G.vernm mt was en-
| uDpi IN enter nDpu q work If fuptip,r tho
national debt at lower rates of interest, Fisk
| " Hatch obtained increased prominence,
aud IN every case Of new Issue their opera
| tons ran high into the millions
| When Mr.. {. p. Huntington came to New
| York to seek a market for the bonds OF the
Central Pacific Railroad in order to raise the
necessary funds for the completion of the
enterprise, he finally settled upon Fisk &
| Hatch MS his ifs al agents This firm
successfully foaled the Central Pacific
bonds, and subsequently the bonds # all the
branch roads Of that COMPANY. Later on
Mr.. Huntington became identified with the
Chesapeake and OhIo Railroad aud Fisk &
Hatch t1Oatcd this scheme also Thu Ia>t
active part taken by the house il ,vern-
meut securities was in the latest funding
| operations OF the G .vernment in its Issue OF
| the Three per CENTS a scheme which this
| tirm had long advocated.
About five years ago. when the great boom
began on the sock Exchange, which was
checked by the shooting of Garfield it is
known that Fisk & III ttch thnnghi they
SAW chance to rcsuscuate the Chesapeake
and o ,ip enterprise, for the firm entered
unun "A campalgn in its favor and spared
neither la,ttr nor expense That they were
dangerously deep Ia that concern is un
doubted. Since The versal OF the course
of speculation every downward stage of The
march of uric, on the stock ma, ket WAS
followed nv a FIX ,S Hatch cifcular re-
minoing their customers aud the public that
ueprecntion in c1rporate values WAS M
warranted by the condition of the country.
and advising that each decline being neces |
sirlly Temporary, holders Of securities
sbOuid st ok to Them firmly. This was cor
tiuucd up To- the very last, even after Ch.sa- /
n,ake and Ohio bonds were thr,vp ont If |
The loans by the banks Thus il ia tb,t the |
coIlapse Of the firm now will he mainly IN. |
furious in ITS moral eff. ct upon The lsrg
numh,r of customers and others Ibroughnn
the country who hrnrkrncd To The cnnmciIs
nf ,h. ci,culars
Harvey FIX is man If ouiet and
s,nd,nns bab,ts of anon, "a veors NJ moo md
has ;, LARGE family ot cbildr, n mns'Iy sons
some half dozen of whom werr engayrd
viii hims,.lf IN varinus canal, loo in Tho
banking house He il of a stronolv RELIGIONS
inn 81 mind and ia n leading member NJ
Dr. Jobn Halls congregation Last wear he
left hrs desk FIR the first time in 81 wears
and look trip to Europe. whence he re-
turned ouIy some ten DAYS Sro.
A. $. Hatch is even more active in relip.
ions life than his senior partner and will he
remembered by many r, sients of New York
fnr his enthusiastic participation in snch
missions AS Jrrry McCau,'s. in Wafer
street, the Crcmorne, and the Howard. where
he frequently preached himself. wear agoI
he WAS elected Pr, sident of the Stock Ex-