New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1865-01-28

extensive anu llnpOittiil Us tHio " 10 WV h" ~
successful. And, while it is certain that this
speculation will be overdone like every other.
so that dozen wells will ultimately be bored
for every one that proves productive, we see no
reason to doubt that the business is yet in its
infancy.
Yet we could not advise our inquiring friend
to buy the stock Of any company whatever.
Years ago, when a good deal younger and
greener than now, we were repeatedly induced
to give such advice as is here sought and i'll
nearly every instance the result induced us to
regret having done so. Sore experience has
taught US that it is unwise to invest money in
any enterprise, no matter how tempting, unless
you knor that it is in the hands of experienced,
upright, capable managers, who will give 1t
their constant and careful attention. Without
this, it is certain to fail, no matter how great
its abstract possibilities Of success.
We are now prepared to go further, and say
When you see any investment emphatically,
persistently commended in a newspaper, be
very careful how you put your money into 1t
1t may be good thing; but the fact that its
promoters deem it advisable to court such pub.
licity raises contrary presumption. The
journalist may be entirely disnterested; but he
rarely knows anything more of it than no ha
been told by the promoters thereof: Hence
the fact that it is commended to your favor jus
tiGes the presumption aforesaid. We m axe tll'
remark with no reference to any petroleum en-
terprse, since we have no special acquaintance
with any. 1t is entirely proper that those who
own or control promising mining property
should seek the aid Of capital wherewith to Sc
cure and develop it; but let them do this by
legitimate, straightforward advertising, not
otherwise.
We look with no disfavor on mining, whether
for petroleum or for any Of the metals. 1t is
laudable though precarious business: you may
lose your money, however promising your loca'
ton; but you can hardly fail to benefit the
public. We hope TO see O large expansion OF
mining operations within very few years.
For The present, however, we trust it may be
forborne; and we urge our inquiring friend ant
all others who have money not required in thei
regular business to inves, it., not in mines no
in wells, nor in petroleum, nor gold, nor copper
nor iron, but in the public stocks of our Govern
ment We urge this as the dictate alike of com
mon interest and Of patriotic duty. We ar
involved in great war, which taxes the re
sources Of our country to the utmost. A goo'
many fresh millions must be loaned to the Gov
erumcnt every month or the War must stop ab
rup.ly aud disastrously. Every energy shoul
be taxed, every nerve strained, to bring 1t to a
early and triumphant close. TO this end, ever
one should lend every dollar he can spare to tn
Government until the achievement Of Peace
II is no time 10 be opening mines, nor building
railroads, nor doing anything which absorb
present means and promises only future returns
until il is settled that we have country. Let
then, every loyal American lend bis Govern
ment every dollar he can spare, whether 1t be
bare 500 or several millions, until the Wa
shall have boon finished; after which, we vii
take a fair, even start, and 60 into Petroleum
Iron, Gold, or anything else that promises
good profit But to-day the best possible in
vestment Of your money is in the bonds Of you
Government; for these are certain TO appreciat
with the growing prospect Of Peace and to b
worth nearly double their present actual (no
nominal) value whenever that Peace shall hay
been achieved.