The Cass County Republican. [volume] (Dowagiac, Mich.) 18??-1880, 1863-12-10
Profitable Investments.

Inc nilauelpnia LfOrtN american
gives some excellent advice to those
who wish to invest money. 1t is well
for all those who are in funds to heed
the counsel -" Though money has
been temporarily scarce, capital con-
tinues abundant; and the recent tum'
BILE in the stock market has brought
capitalists to realizing sense OF the
unreliable character of many OF the &C.
curities 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 integrity
of price better than almost anything
else. Its Five-Twenty year six per
cent. loan, the interest. on which is
promptly paid in gold, has been sub
scribed to, all through the pressure of
the money market, at an average OF
more than two millions per day. And
what is not the least gratifying fact in
connection with the daily large sub
scriptions to this popular loan, scarcely
any of it is returned to the market for
sale. It is taken for investment, and is
held with unfaltering confidence in its
reliability. And why should it not be ?
It 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 being waged,
who can anticipate any difficulty in
readily accomplishing it when the war
is ended? What better investment
then, for capital, than the Five
Twenty" Government 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 presentwill prove the
most satisfactory mode of dispelling
the.numberless gloomy apprehensions
which are being continually. conjured
up by those who are disposed to exag-
gerate the extent of the calamity oc-
casioned by our rebellion. A reference
to the state of most of the prosperous
nations of the old world clearly dis
proves such position, and shows that
the highest conditions of national ad-
vancement have not been materially
affected by the extended wars in which
those nations have been immemmorial-
ly engaged, and that heavy national
Indebtedness has not proved an unmiti
gated evil.
'sFor instance, Great Britain, France
and the Netherlands will undoubtly
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
endure fiercer or more prolonged wars,
domestic and foreign, than they. The
effect has been, unquestionably, to in
cur an enormous national Indebtedness;
but neither their wars Tor their indebted
ness have had the effect TO destroy
their elasticity, nor to check the prog
ress of their general prosperity. The
result would have been different, proba-
bly,. 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 under
going the trials of war, were oppressed
by the evils Of an immense exodus of
their people, caused by the density of
their populations heimpossibility TOPIC
wide occupation for them, the low price
of labor, and the scarcity of territory.
Compared with our own country, they
possessed slight room for future devel-
Opmenf. thew were settled I'm everv