The Nashville daily union. [volume] (Nashville, Tenn.) 1862-1866, 1863-12-11
Prosltablo Iarestmens..

The PhiladelphiA North American
gives some excellent advice to those who
wish TO invest money. 1t is well for all
who are in funds 10 heed the counsel -
Though money has been temporarily
scirce, capital continues abundant and
the recent tumble in the stock & ket
has brought capitalists 20 a reshzing
sense Of the unreliable character Of many
of the securities dealt in. 1t is greatly
to the credit of the Government that its
loans Of all the securities daily dealt in
on the market, have maintained their in
tegrity Of price better than almost any
thing else. It's Five twenty year six per
cent. loan, the interest on which is
promptly paid in gold, has been sub
scribed TO, ali through the pressure in
the money market, 1t an average of mere
than two millions per day. And what
is not the least gratify ing faetin connec-
ton with the daily large subscriptions
10 this popular loan, scarcely any Of il is
returned TO the market for sale. 1t is
taken for investment, and is held with
untAltering confidence in its reliability.
And why should il not be a.? It is seen
that - the Government now, after
two years of the most gigantic war
that the world has ever known, ex-
periences no difficulty in commanding
the necessary means 20 prOsecute
il, or in paying regularly the interest in
gold as it falls due. II this can be done
while the war is being Waged, who can
anticipate any difficulty in readily &C
cOmplishing il when the war shall be
ended? What better investment then,
fof the capital, than the Give Twenty"
Government loan? Bat If any doubt, let
him refer 10 the statistics furnished by
the census tables Of the various nations
OF the world. The facts which they
present will prove the most satisfactory
mode Of dispeliiDg the nnmberless gloomy
approximations which are being continu-
ally conjured up by those who are dis
posed 70 exsggerate the extent of the
calamity occasi0ned By our rebellion. A
reference to the state of most. of the
prosperous nations Of the old world
clearly disproves such . position, md
shows chat the highest conditions of ma
tional advancement have not been msteri-
ally affected by the extended wars in
which those nations have been imme-
MORALLY engaged, and that 3 heavy
national Indebtedness has not proved an
unmitig gated evil.
"For instance, Great Britain, France
and the Netherlands, will undoubtedly be
conceded to represent the highest pros
perity that has been attained by any Of
She European nations. And yet no ma
tions have been called upon 20 endure
fercer or more prSlOnged wars, domestic
and foreign, than they. The effect has
been, unquestionsbly, 10 incur an enOr-
nous national indebtedness; but neither
their wsfs nor their indebtedness has had
the effect 20 destroy their elasticity nor
10 check the progress 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 devel-
Opment and in this respect their case
resembles oar own, with enormous advan-
cages in our favor. These nations, " bile
undergoing the trials Of war, were ep-
pressed by the evils Of an immense exo-
das Of their people, caused by the dem
sity Of their population, the impOssibility
60 provide occupation for them,
che low price of labor, and the
scarcity OF their territory. Com
pared with our own country, they pos
sessed slight room for future develop
ment; they were settled in every part
'and no vast territory lay ingitiRgly op
en- 10 encourage enterprise and settle
ment Their great problem has ever been
? what 70 do with their surplus pOpula-
lion, which, in its turr, has sought new
fields for adventure and self-support in
s0nntriss like our own where an limit
able territory waits 70 be developed, aud
where incalculable resources invite in
dustry and energy. The encouragement
q be derived froni these facts ana COM
PARSONS Of circumstances ia very great
and % she mind Of any dispassionate
ressonet il conclusiye that the course OF
this great country il onward and APP
ward. sad fhaf Is credit VAL liye .nniats