The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1863-12-17
pRbErrApTF INVESTMENTS

I The Philadelphia North 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 contin-
ues abundant, and the recent tumble III the
stock market has brought capitalists to a re-
alizing 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 mar
ket, 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
subscribed to, all through the pressure in 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 subscriptions to this popular loan,
scarcely any of it is returned to the market
for sale. ltis taken for investment, and is
held with unfaltering frmness in it's reliabil-
lty. 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 ev-
er known, experiences no difficulty in COM
handing 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 shall have been ended? What better
investment then, for capital, than the olive
Twenty" Government loan? But ifany 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 satisfactory mode of dispelling
the numberless gloomy apprehensions which
are being continually c~onjured up by those
who are disposed to exaggerate the extent of
the calamity occasioned by our rebellion. A
reference to the state of most of the prosper
GUS nations of the old world clearly dispreves
such q position, and shows that the highest
conditions of national advancement have not
been materially affected by the extended
wars in which those nations have been i'm
memoriably engaged, and that a heavy ma
tinoal Indebtedness has not proved an unmit-
igated 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 ma
lions. And yet no nations have been called
upon to endure fiercer OF more prolonged
wars, domestic and foreign, than they. The
effect has been unquestionably, to incur an
SlOIlIlouS HdLloudl Indebtedness DuL neither
their wars or their indebtedness have had the
effect to destroy their elasticity, nor to check
the progress of their national prosperity. The
result would have been different probably, il
these nations had been falling into decay, in
stead of being, as they really were, in a state
of development, apd in this respect theil
case resembles our own, with enormous advan-
tages in our favor. These nations, while I'M
dergoing the trials of war, were oppressed by
the evils of IN immense exodus of their peo-
pie, caused by the density of their population,
the impossibility to provide occupation for
them, the low price. of labor and the scarcity
of territory. Compared with our own coun-
try, they possessed slight room for future de-
velopement they were settled in every part,
and no vast territory lay invitingly open tc
encourage enterprise and settlement. Their
great problem has ever been what to do with
their surplus population, which, in its turn,
has sought new fields for adventure and self
support in countries like our own, where ar
illlmitable territory waits to be developed, anC
where incalculable resources invite industry
and energy. The encouragement to be derived
from these facts and comparisons of circum.
stances is very great, and to the mind of any
dispassionate reasoner is conclusive that the
course of this great country is onward anc
upward, and that its credit will live unimpair
ed to the end"