Introductory Financial Statement furnished to the Municipality of Toronto ON AMERICAN AND CANADIAN SECURITIES: AN ANALYSIS FOR THE USE OF ENGLISH INVESTORS. THERE is little doubt that the years 1874-5 will witness some new form of mania for the British Investing Public; and it is in the belief that more attention will be directed to the securities of America, that this small work has been compiled. English railways have been carried to such a high price that little over four per cent., all round, is yielded to the investor; and public confidence has been so much shaken by the recent repudiation, or admitted inability to pay dividends by such states as Honduras, San Domingo, Spain, &c., that it is doubtful if any but the best form of Foreign Bonds will attract our money. Doubtless many persons who have lived for years past upon the enormous interest paid for loans by such countries as Turkey and Egypt, will still put their savings into risky securities; but the late fall in value of their holdings must soon tell, and less interest with less danger will be sought for. |