The daily silver state. [volume] (Winnemucca, Nev.) 1903-1907, 1903-06-29

NeSJmenJ OF out 4 10 per cent. NDlIe
a $1,000 bond can be sold today for
about $3.50, the government will re-
deem it in about four years at par.
and that premium be lost to the holder
who carries it to maturity. The bonds
never before have sold at so high a
price as would result in this low in
come return. There are more than
$3.50. 000, 900 of these bonds outstand-
ing, nearly all of which are in the
hands of investors and it is not reas-
enable to suppose that this abnor-
NAL price can be maintained after re-
turning ceases.
We beg the liberty of asking in view
OF the unusually favorable %opportun-
ity, if you do not desire to sell your
holding. Should you prefer to keep
your funds invested in United States
government securities, you can buy me
4 per cent bonds of 1925 on a basis
which will net you ? per cent income
as against less than IA per cent upon
your present holding.
From an investors point of view We
advise prompt action in taking advan-
tage of the present market. Should
you desire to sell or exchange your
OLu lOi Z pei CCDb OhQ VI AV-ps w
will be pleased to make you the most
favorable terms which market condi-
tions will permit, with no commission
or no other charge. We will pay you
the highest current quotations for your
4 per cent bonds, or will, if you desire,
be glad to make definite offerings of
other securities of the highest grade.
including foreign government issues,
any of which will pay a much better
income return than your 4 per cent
bonds, and some of the soundest of
which can be had at par or below.
Will you kindly let us know if you
would like to take advantage of our
facilities in making a change in your
government holdings, in view of the
unusual opportunity which is at the
moment presented.
Very truly yours,
Signed: j. A. VANDERBILT,
r.
Vice-President.
The National Bank of Chicago
Chicago, February 10, 1903.
Hon. John Sparks, Governor,
Carson City, Nevada.
Dear Sir
have yours of the 9th and we think
there can be no question of the deslr-
ability of the Massachuttes State
bonds to which you refer, as an in
vestment. During the last year we
placed over 81, 900, 900 of these bonds
with clients who wished an absolutely
good bond that would pay a little bet
ter thar the government issues. Their
is no difficulty in point of security be-
49, 49, ,or;oy.r Iaonc fSSfInH nv the
state but as 8 and 3 1-2 per cents. They
are selling at the present time to net
the investor about 3.05 per cent.
We have the very best facilities for
dealing in these bonds, and will be
pleased to have your order, should
YOU feel inclined to favor us.
Very truly yours,
Signed: f. X. BOlSoT,
Manager.
The Chemical National Bank,
New York. February IA, 3
Hon. John Sparks,
Carson City, Nevada,
Dear Sir
Acknowledging your letter OF the
9th inst, we wish to say that as this
bank is not particularly familiar with
Massachusetts State bonds, inasmuch
securities of that kind rarely find
their way into the hands Of New York
banks, we wrote TO a firm or bankers
in Boston. who have been depositors
with us for many years and who are
people of high standing at that cen
ter. We enclose herewith their reply
to our inquiry, which we think will
give you the information you desire.
Ii their letter should be the means OF
inducing you TO favor them with an
order we wish to say that the last
of their letter may be ig-
nored by you. as this bank expects
commission for a slight service
OF this kind, although the suggestion
of Messrs. E. II. Collins & Sons is
perfectly proper and customary with
such houses.
Trusting that the communication of
our Boston friends will be of service
to you, we beg to remain,
Yours very respectfully,
Signed: JAS. L. PARSON,
Assistant Cashier.
E. II. ROLLINS & SONS,
Bankers.