The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1863-12-11
FIVE TwENTIES----PRO IN
VESTMENT!

. FIVE 4WkN -11SO1 AAAoo6 AAs-
vESTMENT!
In another ,lumn, will be fou nd the adver-
tisement of Mr.. JAY Cooke, Subscription gent
for the sale of the United States sos. So
popular is this Loan with the People that, al
ready, up to Dec Z, the amount sold is four
hundred millions, three hundred and sixteen
thousand, six hundred dollars. The Phadel-
phia North American, gives some most excellent
advice to those who wish to invest money, and
it would be well for all who are in funds, and
have not yet invested. to heed the counsel:
Though money has been temporarily scarce,
capital continues abundant; and the recent tum-
BILE in the stock market has brought capitalists
10 . realizing sense of tho unreliable character
Of many Of the securities dealt in. 1t is gener-
ally 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 six per cent. loan, the interest on which
is promptly paid in gold. has been subscribed to,
oil 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 subscripti ons
to this popular loan. scarcely any Of it is retur-
ned to the market for sale. 1t is taken for in
vestment, and is held with uufalterng conf
dence in its reliability And why should it not
be ? 1t is seen that the Government now, af-
ter two years OF the most 81 .Antc war that the
world has ever known. experiences no difficulty
in commanding the necessary means to prose-
cute 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 antic pate any
difficulty in readily accomplishing it when the
war shall be ended? What better investment
then. for capital. than the Fve-Twsnty Gov
ernment loan? Blu, if any doubt, let him
fer to the statistics furnished by the ta-
bles of the various nations of the world. The
facts which they present will prove the most
satisfactory mode of dispelns the nsmberless
gloomy apprehensons which are being continu-
ally conjured up by those who disposed to
exaggerate the extent ofthe calamity occasoned
by the rebellion. A reference to the state of
most Of the prosperous nations of the old world
clearly dispr YES such position, and shows that
the chest conditions of national advan cement
have not been materially affected by the extern
dsd wars in which those nations have been i'm
memorially engaged, ani that heavy national
Indebtedness has not proved an unmit'gated evil.
"For instance, Great Britain, France and the
Netherlands will undoubtedly be conceded to
represent the highest prosperity that has been
attained by any of the European nations. And
vet no nations have been called upon to endure
fiercer or more prolonged wars, domestic and tor
eign, than they. The effect has been. unques-
tionably to incur an enormous national indebt-
edness; but neither their wars nor their indebt
edness have had the effect to destroy their elias
ticty. nor to check the progress Of their general
prosperity. The result would have been differ
ent, probably. if these nations had been fall
ing into decay, instead of being, as they really
were, in state Of development; and in this re-
spect their case resembles our own. with enor-
nous advantages in our favor. These nations,
while undergoing the trials of war, were oppres-
sed by the evils Of an immense exodus Of their
people, caused by the density Of their population,
the impossibility to provide occupatio for them,
the low price of labor, and the scarcity OF terri
tory. Compared with our own country they
possessed slight room for future development;
they were settled in every part. and no vast ter
ritory lay invitingly open to encourage enter
prise and settlement. The great problem has
ever been what to do with their surplus popu-
lation; which, in its turn, has sought new fields
for adventure and selfsupport in countries like
our own where An illimitable territory waits to
be developed, and where incalculable resources
invite industry and energy. The encourage
ment to be derived from these facts and compar
isons Of circumstances is very great, and to the
mind of any dispassionate reasoner is couclusiv
that the course Of this great country is onward
and upward, and that its credit will live unim-
paired to the end"