Raftsman's journal. [volume] (Clearfield, Pa.) 1854-1948, 1863-12-02
PROFITABLE INVESTMENTS.


The Phiiade. p.ria North .3leIicta gives some
money. 1t is we'll for all wac are IN funts to
heed the cOunsel:-~
Though money mas been temporarily scarce
] c1Isfiai continues abundant aud The recent
tumbl IN the stock market has brought capt.
talists to realizing sense of the unreliable
Character of many of the securities dealt ii,.
1t Is greatly 10 the credit of the Government
thar It's loaus, OF all the securities daily deait
Ia on the market, have maintained their integ-
rity 81 price better than AIM ost any thing else
It's Five Twenty year six per cent. loan, the
interest Ola which Is promptly paid in gold
has h"en subscribed to, all through the pres
s@re ia the money market, at an average OF
more than two millions per day. And what
Is rot the least graf flying fact in connection
with the daily large subscriptions to this pop
uiaT loan. scarce iy any of il is returned to the
market Tor sale. It's taken Tor Investment,
and is held with tmfatering confidence
III its reliability And why should il 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
commanding the necessary means to prosecute
1t, or IN paying reg aarly the interest IN gold
as 1t falls due. Ii this can be done while the
war is being waged. who can anticipate any
dIfhculty ia readily accomplishing il when the
war shall be ended What better investmen I
then, for capital. than the s.Five- Twenty
Government loan? But If any doubt, let him
refer to the statistics furnished bv the census
tables of tue various nations Of the world.
The facts which they present will prove The
most satist ictory mode of dispelliug the num-
berleSs gloomy apprGhensions which are being
continually coDjured up by those who are dis
posed 10 exaggerate the extent of the calami-
ty occasoned by our rebellion. A reference
to the state of most of the prosperous nations
al ha Old vnriI InIao 10
sition. and shows that the highest conditions
OF national advancement have not been mate
rally affected by the extended wars in which
those nations have immemorially engaged
and that heavy national Indebtedness has
! DOT proved an unmitigated evil.
ssFor instance, Great Britain, France and the
| Netherlands will undoubtedly be conceded to
| represent the highest prosperity that has been
attained by any of the European nations. And
/ yet no nations have been called upon TO en-
! dure fiercer or more prolonged wars. domes-
| tic and foreign, than they. The effect has
| been, unquestionably, to incur an enormo US
| national Indebtedness bnt neither their wars
nor their Indebtedness have had the effect to
| destroy their elasticity, nor to check the pro-
| gress of their general prosperity. 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 de-
velopment and in this respect their case re-
J
our favor. These nations, while undergo
ing the trials OF war, were oppressed by the
evils of an immense exodus of their people,
| caused by the density Of their population,
| the impossibility 10 provide occupation for
them, the low price of labor, and the scare
| ty OF territory. Compared with our own
| country, they possessed slight for fu-
ture development; they were settled in ev-
cry part, and no vast territory lay invitingly
| open to encourage enterprise and settlement. t.
| Their great pro oblem has ever been what to do
with their surplus population, which, In its
turn, has sought new fields for adventure and
seii-support In countries ike our own, where
an iillmitabie territory waits to be developed
and where incalculable resources invite indus
| Try and energy. The encouragement to be
derived from these facts and comparisons of
circumstances is very great, aud To the mind
| OF any dispassionate rcasoner is conclus siv o
that the course of this great country is on
ward and upward, and that its credit vii live
unimpaired to the end %