Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1863-12-17
NO MORE UNDERGROUND TUNNELS
Profitable Investments,

The Philadelphia Notrh american gives
| some excellent advice to those who wish to
invest money. 1t is well for all who are in
funds to heed the counsel: "Though money
has been temporarily scarce, capital continues
abundant, and the recent tumble in the stock
market has brought capitalists to a realizing
sense OF the unreliable character of many OF
the securities dealt in. 1t is greatly to the
credit of the Government that it's loans. of all
the securities daily dealt in on the market,
have maintained their integrity of price bet
ter than almost anything else. Its Five-Twen-
ty year SIX per cent. loan, the interest on
! which is promptly paid in gold, has been sub
scrlbed to, although the pressure in the mon
ely MARKET at ali average of more than two
millions per day. And what is not the least
gratifying fact III connection with the daily
large subscriptions to this popular loan,
scarcely any of it is returned to the market
| for sale. 1t is taken for investment, and is
held with untaltering confidence in its relia-
bility. And why should it not be? 1t is seen
that the Government now, after two years of
the most gigantic war that the world has ever
known, experiences no difficulty in command
ing the necessary means to prosecute it, or in
paying regularly the interest in gold as it falls
due. If this can be done while the war is be-
ing waged, who can anticipate any difficulty
in readily accomplishment when the war shall
be ended? What better investment then,
for capital, than the Five Twenty" Govern
ment loan? But if any doubt, let him refer
to the statistics furnished by the census tables
Of the various nations of the world. The facts
which they present will prove the most salts
factory mode Of dispelling the numberless
gloomy apprehensions which are being con-
tinually conjured up by those who are dis
n % 10 Of ba oil
occasioned by our rebellion. A reference to
the state of most of the prosperous nations of
the old world clearly disproves such a posi-
ton, and shows that the highest conditions of
national advancement have not been mate
rally affected by the extended wars in which
those nations have been immemorially en-
gagged, and that heavy national indebtedness
has not proved an unmitigated evil.
" For instance, Great Britain, France and
the Netherlands will undoubtedly be conced-
ed to represent the highest prosperity that
has been attained by any Of the European
nations. And yet no nations have been call
ed upon to endure fercer or more prolonged
wars domestic and foreign, than they The
effect has been, unquestionably, to incur an
enormous national indebtedness but neither
their wars nor their Indebtedness .have had
the effect to destroy their elasticity, nor to
Cuech Vic progress VI GuSiF general prGSperl-
ty. The result would have been different,
probably, if these nations had been falling
into decay, instead of being, as they really
were, in state of development; and in this
respect their case resembles our own, with
enormous advantages in our favor. These
nations, while undergoing the trials of war,
were oppressed by the evils of an immense
exodus of their people, caused by the destiny
of their population, the impossihility to pro-
vide occupation for them, the low price of la
| Dor, and the scarcity of territory. Compared
with our own country, they possessed slight
| room for future development; they were set
! tied III every part, and no vast territory lay
| invitingly open to encourage enterprise and
settlement. Their great problem has ever
been what to do with their surplus popula
| ton, which, in its turn, has sought new fields
| for adventure and seH-support in countries
like our own, where an illimitabe territory
waits to be developed, and where incalculable
resources invite industry and energy. The
| encouragement to be derived from these facts
| and comparisons of circumstances is very
great, and to the mind of any dispassionate
reasoners is conclusive that the course of this
great country is onward and upward, and
| that its credit will live unimpaired to the
| end"