Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1863-09-12
From the New York Independent.
InHaattnR Money.

OuFlOR 6uCu q SehbOu OF general PROS
perity, thousands in all quarters are anx-
ious to know what to do with their surplus
funds. Many of these thousands have had
their fingers burnt so often that they are,
of course, very cautious about making any
kind of investments. Some are boarding
their money-frst converting it into gold
and silver-in drawers or old stockings,
waiting some more propitious moment,
when there will be less danger. Now we
wish to say to say to all such persons that,
in our judgment, they will wait a long
time if they expect to see the country in a
safer condition, financially, than now
Money is plenty, and wealth abouuds in
all quarters. Payments never were made
more promptly by business men, private
citizens or corporations. ..s.
The best security in the world is bond
and mortgage from a responsible party on
good productive property. Those who have
trust funds to dispose of should first seek
such security. Nothing can possibly be
better or safer. 1t can neither fail nor run
away, even In rebellious times. So long
as we can maintain the Government, real
estate should always be looked upon as the
best safeguard against loss. If the Gov
eminent goes to destruction, all securities
perish. AS rule, not more than fifty or
sixty per cent. snouId Ue loaned on the
cash value of any property, and in that
case the lender should hold the policies of
insurance on all perishable improvements,
IN the shape of buildings, etc.
Next to real estate come the securities of
the Government. Attic present moment,
even, we regard U. 8. six per cent. bonds,
the interest on which is payable in gold,
as perfectly safe, and believe that money
invested in those bonds will produce a
great profit in their advance. No one is
simple enough to believe that the interest
will not be promptly provided for. There
is one advantage in holding Government
stocks over first class bonds and mortgages.
They can be converted into money at any
moment without any compulsory process.
As soon as the war is overland it now
Hooks as though the end was near-all
| Government securities must inevitably rise,
| aud we would not be surprised to see them
| go up to higher figures than ever before.
/ We advise our readers, therefore, one and
all, not to lose days interest on their
surplus funds. If you have only few
hundred dollars, loan it to the Government.
Show your patriotism in this way if in no
other. If you cannot shoulder the musket,
you can furnish powder aud shot. There
are thousands of females in this country
l,Who have money on hand which should be
at work in helping on the cause of tree
dom. We mean you, gentle reader, if you
have only hundred dollars of spare mon
ey. st.sf 3fi
Next to Government securities we re-
| gard bank stock as the safest of anything
| offered. Our city banks are making more
money now than ever before, aud their
stock is sold lower in proportion than any
| other securities. 1.-THE rebellion is crush
ed-as it will be-these corporations will
be in a splendid condition, for they hold
an immense amount of Government stocks,
which will afford them large profit. This
fact alone should inspire general conf.
dence. All the large institutions in this
city are now very strong both in specie and
national legal-tender currency. 1t would
be hard to damage them much, even with
an old-fashioned panic. Other stocks
have advanced SO much that both specula-
tors and capitalists are beginning to turn
their attention TO these corporations. We
think decided movement will be made in
that direction which will astouish the
public. They will sell, very soon, ut what
Ithey are north on Their books. This is
now the fact. There are sevetal in this
city We could name, which pay eight per
cent dividends, or more, regularly, and
/ yet their stock sells at from ten to fifteen
per cent. premium only. Don't be afraid,
therefore, of FIRST class bank stocks.
In regard to all railroad securities we
have this to say. They are sought after by
the strongest and most sagacious men Of
the nation. Any railroad which is not now
earning at least six per cent. onits entire
cost should be under different manage
ment. lWemean just what we say. Take
notice old fogy officer and directors in all
quarters. al oei saa
Most roads are now doing spleudidly,
have all their floating. debts. paid of, meet
l their intefrStss promptly.i and ara ranidIv
increasing their surplus. The brightest
day for railroads has not yet dawned The
time viii soon come when they viii legit-
imately earn any pay-unless they begin
a tight with each other In competition for
business larger profits than any other
corporations. 80 -
GES. PEMBERFos in early life sought but
failed to win the hand OF a beautiful Cleys-