Dodgeville chronicle. [volume] (Dodgeville, Wis.) 1862-current, 1863-12-24
Profitable Investment.

The Philadelphia North american gives
ONES excellent advice to those VINO wish to
invest money. 1t is well for all who are in
funds to heed the counsel:
"Though money has been temporarily
scarce, capital continues abundant, and the
recent tumble in the stock market has bro't
capitalists to realizing sense OF the unre-
liable character of many of the securities
dealt in. 1t is greatly to the credit of the
Government that its loans, Of all the secu-
rites daily dealt in on the market, have
maintained their integrity OF price better
than almost anything else. Its Flve-Twen-
ty 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 1t is returned
to the market for sale. 1t is taken for in
vestment and is held with unfaltering con-
fidence in its reliability. 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 ever known, experiences
no difficulty in commanding the necessary
means to prosecute it, or in paying regularly
the interest in gold as it falls due. If this
can be done while war is being waged, who
can anticipate any difficulty in readily &C
complishing it when the war shallbe ended !?
What better investment then, for capitalists
than the give Twenty Governm mt loan
But if any doubt, let him refer to the sta
tistics furnished by the census tables of the
various nations Of the world. The facts
which they present will prove the most sat
isfactory mode of dispelling the numberlcss
gloomy approximations which arc being con
tinually conjured up by those who are dis
posed to exaggerate the extent of the calam-
ity occasioned by our rebellion. A refer
ence 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 extend
ed wars in which those nations have been
immemoriallv engaged, and that heavy IN
debtedness has not proved an unmluSated
evil.
For instance, Great Britain, France and
the Nethe. lands will undoubtedly be con-
ceded to represent the highest prosperity
that has been attained by any of the Euro
pean nations. And yet no nations have
been called upon to endure fercer or more
prolonged wars, domestic and foreign, than
they. The effect has been, unquestionably,
to incur an enormous national indebted
ness !; but neither their wars nor their in
dvbtedness have had the effect to destroy
their elasticity, nor to check the progress
of their general prosperity. The result
would have been different, probably, II these
nations had Seen 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 advan-
tagcs in our favor. These nations, while
undergoing the trials of war, were oppressed
nv the evils of an immense exodus OF their
people, caused by the density of their pop
uation, the impossibility to provide occu-
patton for them, the low price of labor, and
the scarcity of territory. Compared with
cur own country, they possessed slight
room for future development; they were
settled in every part, and no vast territory
lay inyitingly open to encourage enterprise
and settlement. Their great problem has
ever been what to do with their population,
which, in its turn, has sought new fields
for adventure and self-support in countries
like our own, where an illimitablc territory
waits to be developed, and Where incalcu
liable resources invite industry and energy.
The encouragement to be derived from these
facts and comparisons of circumstances is
very great, and to the mind of any dispas-
sionatc rcasoneris conclusive that the course
of this great country is onward and upward,
and that its credit will live unimpaired to
the end