Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1865-10-05
ENGLISH CAPITAL FOR AMERI-
CAN INVESTMENT,


In considering the financial prospects Of
the United states, the ability Of the coun-
try to recuperate, and the material loss
occasioned by the rebellion, we should
not forget the powerful assistance which
we sre certain to receive from foreign capt.
tai. With all the perseverance and ambi-
ton of the American people, we can not
ignore the fact that the development of
our country has been greatly facilitated
by the investments of European capitalists
in our internal improvements. The truth
of this assertion is too palpable to require
argument. The fact that the stocks and
bonds of railroads are mainly owned in
Europe, is ample evidence upon this point.
Without the aid of foreign capital in the
construction Of our railroad network, the
Western States would not have advanced
so rapidly toward prosperity, and could
not have contributed so largely to the
national wealth. We have every reason
to believe that the influx of foreign capital
to this country will henceforth be far
greater than before.
For many years previous to the rebel
lion, the aspect of our national affairs was
not such as to assure the cautious CAPT
talists of Europe that American securities
were entirely safe. They narrowly watch
ed the growing up Of an "irrepressible
conflict" between the systems Of labor in
the North and South respectively, and
not knowing the real strength of the Gov
eminent, there was a vague apprehension
in their minds that a war would be fol-
lowed by general anarchy and all its at
,endant evils. The case is different now.
They have seen our Government put to the
seyerest test-one that no other govern
ment could have survived. They have
seen it emerge from the dreadful ordeal OF
civil wal stronger and more immutable in
its foundation than ever before, and there
is no longer room for a shadow Of doubt
concerning its perpetuity. With these
fears removed, there is nothing to restrain
foreign capitalists from investing their
surplus funds in this country, while on
the other hand they have the strongest
inducement of policy and interest to do
so. Investments here produce an average
interest of six or seven per cent, while in
Europe the rate is but little more than
half that amount. Capital "goes a beg
cling" in most European countries at four
per cent, and since investments there are
now regarded as scarcely less safe than in
this country, there is no reason why CAPT
talists should not send their funds hithcr.
As an indication of the purpose Of for
eign capitalists, the arrival in New York
last month of a delegation of bankers from
England may be regarded as significant.
The mission of these gentlemen is under
stood to have reference to further invest
ments for the development of u vast
resources, and their report will have
great weight with capitalists throughout
Europe, and induce them to send their
money hither to aid in building up the
PROSTATE South /; to restore what has been
lost by reason of the war; to develop our
mineral, agricultural and mechanical re-
sources and, in short, to u a degree
of prosperity to this nation which it never
before enjoyed.