The Caledonian. [volume] (St. Johnsbury, Vt.) 1837-1867, 1863-12-25
Profitable Investments,

b The Philadelphia North American give
It some excellent advice to those who wish t
e invest money. 1t is well for all who are i,
funds to heed the counsel:
"Though money has been temporaril,
, scarce, capital continues abundant,-and th,
: recent tumble in the stock market ha.
. brought capitalists to realizing sense of th.
unreliable character of many of the securi
ties dealt in. 1t is greatly to the credit OF
the Government, that its loans, of all the
securities daily dealt in on the market, hs,e
Maintained ,ha their integrity of price betty
tnah almost anything else. Its FLys FLHytserest on
lear Six Per Cent. Lear; Ia;oid. ID has been sub
which is promptly paia III .L .o, :; IL .
scribed to. all 'nroush '"e pressure iu 'he
none, 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 10 this popular loan.
scarcely any of it is returned TO the market
! for sale. 1t is taken for investments. anu rsli.
I held with unfaltering confidence IN T, Is seen
ability. And why should IT not % o tvo wears
tha, the Government now,-S .Ss xorld ever
of ,be most gigantic wal 'rG a;a;cnl,v in COM
vi tne -neriences no dlmcui'y III
known. .la necessary means to prosecute H.
mana,nS mas;ne regularly the interest In gold as
:, faiIs due If this can be done while the
w.r is being ged,-who can anticipate eny
difficulty in readily accomplishing it when
the war shall be ended? What better invest
ment, then, for capital, than the Fise-Twen-
ty" Government Loan2 But If any doubt,
let him refer to the statistics furnished by
the census tables of the various nations Of the
ho
prove the most satisfactory mode of dispel-
ling the numberless gloomy apprehensions
which are being continually conjured up by
those who are disposed TO exaggerate the ex-
tent of the calamity occasioned by our re6ell-
ion. A reference to the state of most of the
prosperous nations of the old world clearly
disproves such position, and shows that the
highest conditions of national advancement
have not been materially affected by the eI-
tended wars in which those nations have
been immemorislly engaged, and tha; heavy !
national Indebtedness has not proved an un-
mtigated evil.
For instance, Great Britain, France and /
I he Netherlands will undoubtedly be conce-
ded to represent the highest prosperity that
has been attained by any of the European ma
tions. And yet no nations have Leen called
upon TO endure fercer or more prolonged
wars, domestic and foreign, than they. The
effect has been, unquestionably, to in ur an
enormous national indebtedness; but neither
their wars nor their Indebtedness have lad
tine effort TO destroy the elasticity, nor TO
check the progress of their general prosper &
ity. The result would have been different, |
probably, if these nations had been falling r
into decay. instead of being, as they rea.IS
were, in "a state of development; and in this
respect their case resembles our own. with
--c--~~-.- ad'uutages in our favcr Thcse
nations, while undergoing the trials of var,
were oppressed by the evils of immense ex- ,
odus of their people, caused by the density
OF Their population. the impossibili,y to pro-
vide occupation for them, the low price of t
labor and the scarcity of territory. Compared Z
with our own country, they possessed slight RI
room for future Development; they were set ;,
led 10 every part. and no vast territory lay
nvltlngy open to encourage enterprise and d
settlement. Their great problem has ever a
been what to do with their surplus popula- -
ion, which, in its turn. has sought new fields
:, % "'ranture and self-support in countries
ike our OWN. VII an iilimitable territory
waits to he developed, ami va :o.Ia,,isLi.
resources invite industry and energy.
to be derived from these facts +,
and comparisons of circumstances is very ,
great, to the mind of any dispassion-
ate reasoner, is conclusive,-that the course
OF this great country is onward and upward,
and that its credit viii live, unimpaired, to
the end"
Our readers having money to invest will
do well to ponder the foregoing facts and
and invest in the securities of
ILL., Gcvernment. The Circular of Messrs.
isA ~ iia''''' 49, veil known Bankers, in
another column, will give thu. sos,I ;,so
nation on the subject.