The Sun.
London, England, 1829-05-28 00:00:00

IN VESTMENTS FOR CAPITAL.

At a time when money has become of little or no value
(for our country readers should know that it is impossible
to get two per cent. for the unemployed capital), and the
funds so high that it is as impossible not to contemplate a
re-action, it appears quite extraordinary that the only, and
certainly the best resource, for those who would render
their capital quite secure, have not availed themselves of
the few opportunities to invest in land. The position we
take up is not one of a doubtful nature; for it is manifest
to the weakest imagination that a warlike message froM
Russia, or any great Potentate, would, of necessity, re-
duce the price of the funds 20 per cent., while it is
equally obvious that the same cause would increase, and
in the exact same proportion, the value of land.—
The funds only produce Si per cent., and with the fear-
ful apprehension of one-fifth of the principal being reduced
by the cause we have alluded to, and land (the staple
commodity after all) is selling to pay the same rate of in-
terest. It is therefore inconceivable how the great Capi-
talists can hesitate as to the course they ought to pursue:
to illustrate this position let us look at the facts as they pre-
sent themselves. We will suppose the peace to continue,
and two angry messages to arrive this or t✓ie succeeding
year (that is at all events allowing a great extent of time.)
What will be the consequence ? it is morally impossible
in the present state of commerce that a rise of one per cent.
can take place, and if the reverse of our position occur,
the funds must necessarily descend 20 per cent.
Who then can hesitate? It might have been argued
a little time ago that nothing eligible was in the
market ; our columns, to-night, show that such reasoning
will not apply at this moment, for (with the exceptioa of
the Marquis of ORMONDE'S) the largest Estates that ever
came to public competition are to be sold in the ensuing
month and in July. We shall watch the result of these
Sales, in order to see how far our reasoning is in accord-
ance with public opinion. The Sales of Lord ORIIONDB,
which were under the special direction of Mr. GEoitoE
Roams, demonstrated the increasing value of land. The
Property announced this evening is consigned to the dis-
cretion of the same gentleman. This is a singular and
flattering coincidence.

The spring having (though late) at last made
it:, first appearance this season (adopting a theatrical
phrase), although rumour had been busily afloat that it
was postponed to the ensuing season, our columns this
evening give a cheering prospect to those who would now
recreate in the country utter a long and tedious winter.
The comfortable abode and delightful grounds of the late
Lady ROBERT .31ANNERS, at Sutton; Sir STAMFORD
RAFFLES' beautiful place at Highwood Hill; the late Lord
NORTHWICKS splendid park and domain at Harrow, with
many other v]las adjoining; Grove Palk and Mr. NEILD'S
elegant residence both approximating upon the Duke of
DEVONsunth's, near the Horticultural Gardens, Chiswick),
Kingswood House and Park, beyond Dulwich ; Park Hill,
near Clapham, &c. &c., are all announced this evening to
be sold next mouth GEORGE Roars.