The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1863-12-05
PROFITABLE INVESTMENTS.

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 council Though money
has been temporarily scarce, capital contin
ueS abundant and the recent tumble in the
stock market has brought capitalists to a
realizing sense of the unreliable character
Of many of the securities dealt in. 1t is
greatly to the credit to the Government that
its loans, of all the securities daily dealt in
on the market, have maintained their nteg
rity OF price better than almost anything
else. Its tlve-1wenty year six per cent
loan, the interest on winch is promptly paid
in gold, has been subscribed to, all through
the presusre in the money market, at an av-
erage OF more than two millions per day
And what is not the least gratifying fact in
connection with the daily large subscrip-
tons TO this popular loan, scarcely any Of
1t Is returned 10 the market for sale. it is
taken Tor investment, and is held with UNI
taitering confidence 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 COM
handing the necessary means to prosecute
1t, or IN paying regularly the intercS. III
gold as 1t tails due. If this can be done
while the war is being waged. who can AN
ticipate any difficulty iii readily accomplish
ing it when the war shall he ended What
better Investment then, for capital. than the
T." Five Twenty Government loan? But
if any doubt, let him refer to the statistics
furnished by the census tables of the various
nations OF the world. d he facts which they
present VIII prove the most satisfactory
mode ot dlspellng the numberless gloAny
apprehenslons which are being continually
conJured up by those who are disposed to
eXaggerate the extent Of the calamity occa-
stoned by the rebellion. A reference to the
state Of most of the prosperous nations Of
the old world clearly disproves such posi-,
ton, and shows that the highest conditions
OF national advancement have not been
materially affected by the extended wars
i'll which those nations have been immemo-
rally engaged. and that heavy national
Indebtedness has not proved an unmitigated
evil.
" For instance, Great Britain, France and
the Netherlands will undoubtedly be conce-
ded to represent the highest prosperity that
has been attained by any Of the European
nations. And yet no nations have been
called upon to endure fercer or more pro-
longed wars, domestic and foreign. than
lhey. The effect has been. unquestlonably,
to incur an enormous national Indebtedness
but neither their wars Nor their indebteded-
ness have had the effect to destroy their
elasticity. nor to check the progress OF their
general prosperity. The result would have
been different, probably, if these nations
had been falling into decay, instead Of being,
as they really were, IN II state of develop
ment; and III this respect their case rcsem-
blcs our own, with enormous advantages in
our favor. These nations, while undergoing
the trials OF war, were oppressed by the
e"lls OF an immense exodus of their people,
caused by the density of their population,
the lmposSlbility to provide occupation for
them, the low price Of labor, and the scar.
city Of territory. Compared with our own
country, they possessed slight room tor
future Development; they were settled in
every part, and no vast territory lay inyi
ungiy open to encourage enterprise and
settlement. Their great prohIen. has ever
been what to do with their surplus popuia
ton, which, in its turn. has sought new
hcldS Tor adventure and self support in
countries like our own, where an ilii!nitabic
territory waits to be developed, and where
lncaiculabIe resources invite industry and
energy. The encouragement 10 be derived
from these facts and comparisons of circum.
stances is very great. and to the mind of
any dlSraSionate reasoner is conclusive that
the course of this great country is onward
and upward, and that its credit will live
unmpaireu to the end