The sun. [volume] (New York [N.Y.]) 1833-1916, 1865-09-11
THE NEW YORK sun.
MONDAY MORNING, SEPT. II. 1865.
English Capital for American y.,enment.

English Capital for American Investment.
In considering the financial prospects Of the
United Bsss, ths ability Of the country 10 recupe-
rate, aud the material loss occ asoned by the rebel
bon' We should not forget ,bs powerful assistance
which We are certain 70 receive from foreign cspi-
tai. With all tho perseverance, and ambition Of the
American people, we canno. ignore the fact that
the development q our country has been greatly
facilitated by tae investments ( European e,pitsl-
is,s In our Internal i'm proyemsns The truth Of this
assertion IL too pslpsbe to require argument. Tho
sct that the stocks and bonds Of railroads are
mainly owned IN Europe, Is ample evidence upon
this point wnhogt The aid OF foreign capital IN
she construction Of our railroad network, tho
Western States would no, have a1vsDced 20 "a.
pidly toward prosperity, ani could not hsvo con.
trbuted 10 largely 10 the national wealth. ".
have every reason 70 believe that the influx u
foreign capital 10 this country will hencoforth 10
far greater than bsfors
For many years previous 10 Tie rebellion, tho
sspec, Of our national affairs wa, no, such . to
assure The cautious capitalists Of Europe that
American securities we're entirely safe. Tney mar
rowiy watched the growing up Of an 'Irrepres,-
bic eoDficr' between the systems Of labor In tho
North and south respectively, and not knowing
tbs real strength Of the Government thero Wa,
vague apprehension in their minds that . war
would b followed by general snsrcby and al its
attendant evils. The csss 10 dHeren, now. They
haze seen our Government put 10 the sovorost tost
ono that no other government could have sur
uved. They have s.en 10 emerge from The dread
ful ordeal Of evil war stronger and more immuts-
Bile m I've foundation than evor before and there In
no longer room for . shadow Of doubt concerning
its psrpetuty. With these fears removed, there 10
nothing V restrain foreign capitalists from invest
ing thar surplus funds In this country, while on
the other hand they have the s,rongss, induce
ment Of policy and interest to do %. Investments
here produce an average interest Of six or seven
Per cent, whilo in Europe the rate is but
Little more thsn half that amount. Capital
g. goes n begging" in most European countries at
four per cont, and since investments there
regarded scarcely lcss safe than in this country,
there 10 no why capitalists should not send
their funds hi,hsr.
As an indication Of the purpose Of foreign cspi-
tslifts, the arrival here Of delegation OF bankers
from England, only a few days ago, may DO ro-
garded - significant The IN ssion Of these gen
somen is understood 70 have reference to further
Investments for the development Of our vast re-
rouross, and their report will have great wnrh,
with capitalists throughout Europe, and induce
shem 10 send their money hither 70 aid In building
up the PROSTATE South 70 restore wha, has been
los, by reason Of the war to develop our mineral,
agricultural and mechanical resources; and, In
short TO cause degree Of prosperity TO this nation
which Il never before enjoyed.