New-York tribune., 1842-03-25
Investment of Capital


RI. R;oh a,d ia poor. the Capitalists and the
Labcring Classes look upon eaci o1e' "a our la''e
Societies as natural Enemies nv Cap''ailsls
trend ina, any extensionof advantages 10 the La
aor;,o Glasses will lessen those which they ENJOY
and infringe upon their rights; and the Laborng
(s...s. lock with ds,rust upon any system which
MI ei,c Capitalists security and increase Of their
wealth, fearing that i, viii be done at their ex-
oeuse and that they will be the more ens!aved
By it.
.or;arisn will offer the Rich and Al the
.ane time a profitable Investment ef their wealth,
,l;,a !, will on The other hand, set bounds to the
nowar Of Capital and prevent the shameful oP-
.....;on and extortion which now 50 often ex-
a.,;.aa bv those who have the credit and the
.oal,h Of Society in their hands.
Sunnose Stock Company, with a Capital Of
@5oo 0O0. were formed for the purpose of cstab-
l;sbng an Association This mency would be in
vested in Lands, Edifices, Stock, Machinery, &c.
These ara positive and real investments which
cannot be s1uandered, stolen or run away with
ike the capital Of Banks, Insurance and some
o,ber Stock Companies. They will all be made
;,omediatey available and productive The peo-
oe who 70 into the Association will ut once 20
'awork TO cultivate and improve the land, increase
Z ,he aocks, exercise the mechanical arts. and add
in every wayto the value Of the establishment
yi. management, Of the whole would, in every
l,oarlment be conducted with the greatest know
,. / L..
~ hear Is it not evident that this concerted &c
non of mass Of individuals. directed by intel
igence and experience, would make an immense
,eId from their labor, one quarter OF which wonld
Ia awarded to the Stockholders In addition 10
The ordinary advantage of combined and united
action in Industry, add the Attraction which will
be given to Labor by the introduction OF tn: sys-
t.n of Groups and Series, and The increased pro-
duction and perfection Of every brancl OF Indus
ry 10 which this system will lead by means of i,s
emulation, its alterations or variety, and It's M
nue division Of details, and the results Of
human labor and skill become almost incalcula-
be. Certainly. however, production will be IN
creased six-fold, while the economical! manage
due, go six times as far, as it now does. Here Is
a hirtv-six fold relative increase of wealth. Can
Capitalists desire a safer or find more profitable
Investment of Capital than such wel-manngcd
and productive establishment would offer
They who invested their money in Association,
1coald be certain that the fansamenta1 Capital
monld be safe, and that it could not be sunk or
Irillered away by dishonest niudcious hnan-
riers How precarious and unsafe are invest
nents ct present and what infinite trouble and
anxiety attend their management No sl,ill or
experience can insure profit and no judgement
or fores ght can guard against losses and ruin If
Capital is invested in Banks, for example, the
money may be loaned outupon bad paper or notes
or it may be squandered or embezzled by tools or
,ocnes He who owns Bank Stool: has no better
security for his CAPITAL than the obligations OF
those who are exposed to all the risks OF trade
and how great and imminent these are the history
of commerce with lis constantly recurring revul-
s;ons affords snd lesson, whereas he who invests
in Association has an ar1pe and stable security in
the SOIL the Improvements and the stock upon IT.,
which arc constantly yielding copious product
that will ALWAYS command a sale.
The loss of iorty-sis millions Of Bank Capital
in Philadelphia alone within a few months, and
the failure Of two OF three hundred Banks in dit
fcrent parts Of the United States within Two or
three years show how prccarous are investments
in these institutions in the present state OF moo
herencv and dscord in the elements Of Socie:y,
although they have been considered among the
most secure and desirable OF investments. Capt.
tai invested in Insurance Companies may also be
wasted or swept away suddenly and he who in
vests in Commerce launches upon a sea OF uncer-
ta;ntv and is dependent upon the honesty, Judge
mcnt and good fortune OF 4 mass of creditors
We may safely estimate that our-titihs OF the
undertakings and business operations OF Secretly,
prove failures and cause the ruin 81 those en-
gagged IN them.
la trial in Agricultural Association were once
made it would be found ID combine profit with
safety. and the millions now wasted IN Commercial
operations, Safeguarding, speculation, fool sh
schemes and injndicions enterprises, would re d.
rsc,ed 10 encouraging Agricultural and Productive
Industry in general, which now angnish tor want
OF Capital
People are willisg 10 invest in Manufacturing
Establishments whsre but article ls=pro-
d1ced,- -,hc sale Of which. ii stopped for. a wne
paraly7es the whole concern. Why not invest IN
an Associations where a great variety OF articles
would be produced, and the stoppagco' the sale
Ct a few would no, be materially felt?
People invest their money in farms, which they e'
70 single individual, and have the responsibility
Of bu, one man Why not invest in the Real Estate
ofaa Association They would have the collective
security Of ,wo thousand persons, (ii il were tu
associations instead of one person for the payment