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Show 1.-' mi it i Jii'iuit. Bsfjj j Tho April J'vrunt contains an nrtlole aSfjf ! ,""n thereuoflt.il. Inglls I'algrave, Jajli I ' editor of tho London Jcoiwmltt, ou lH tbo sulject of invettminta by the '.1 wrlterU couutrymen In the United lfJl 1 $ Htates. After referring to the subject $Jl IT generally, ho concludea that II nar- vW " rows down to one or two very simple r.fj ' points latherolurn from thvluvetl. ltPj t monta HVely to bo good? Will thu j ( capital luveatcd be secure? The latter 'j ' la prououucol much the more Import- Ijiu ant, but the first strikes tho lutoudlm; ; i , Investor mora sharply, lelng ilanled TOg i by tho promise ol n distinctly hlghtr Wn rate of return than ho tan obtain In 4'1 Iiiglana. If, says Mr. l'algravv, he lis man of cautious tomeruinent who ( renumbers tho well worn I ill perfectly -' Iruusaylng that high lutirrstmiaus . i bad aicurlty, his nuilety Is al- j '.3 , layed when It Is olutid out j to lilm Hut the natural return l Is M 'or e utt money Is, even nt tho tLili f:i presmt time, distinctly hlglur lu the OM Si United Htates than In Urrat DrlUln. Ivm I When bo hears of mortgagos and In- i' j vestmenta made nt high rates by those ti I l who know the country, )leldlug evn j f I light or cent nud ten percentile A considers that ho dors not pass the I j I bounds of moderation In making un luvtsluiout which promteta sU er ' cent or tnaybo only llvo er cent, tio long as this dlllenuco In the jleld of 1 V lnvostmenta exists, so loni as there Is a 5 ij country like Ureat llrltsln, full of carl- ' tal seeking em) loymeut, where thu ,, j rate of return on really good securities IjHt 1 la barely Ihno er cent ear ut the 'J, J present time, an I another country, fi 4 taking tho tame lauguage, ilosely ;,',!.;, allied In blood, with moditof thought ,jV( and action lu all eerlous points very , ! ' similar, In which tho rate for sound j I I lnvistmunts Is still ubout flvopor cent, . Wf ' nnd In tho Wist vastly more, the lallir 15 I will alnaja hold out great ottractlous (USi i for the surplus funds of the forimr. T" i Mr. 1'aUravo shows that tho United fH Htatea oilers a betlir lltld for Invest- i mt-nt than tha United Kingdom, not il because wo have lets moiuy over here 'I by agreitdeal as wo lnvomoro an ,; , would have still moru but for the rat- Jlfi ' r iall maunirlu whlchalhur Istrmtel l i j tut butuio of ouia being n now i I country with nateidy form ol govern- 1 WfH 1 uieut, with u good enll, a goo 1 cllinile ' JjH 4 fl "" " ut"l''lnt! rac,and thus Wj I It there are so miuy moru o eiilns for .1 A the irotltablo uuloymeut of inoui-j l( f than In ao long sittle I a country as 411. 1 ' """ ' llut m:'llktJr ll0 iwiwly fSbl I I tonslders the advantage the greatir as WfJ ' i the luvistor oomes this way. What, S y 1 ' then, the writer usks, hlndira co ltal !mlj from belli; msved at readll Am J 'roln London to Xew Vork u I vaffij ' ' '""" l'-Jlburijh to Loudon. The re- J 7? I ly Is showed to bo the very trlto t one want of oonlldenie Wunt of l confidence doea not Imply absolute I ' 1 J doubt aa te honesty. Many things ' 1 1 jj contribute to hesitation, thcro aro the , S dlstauce,the stories about unrcrur ulcus j i railway and mining kings, tho reuism brauce of default male where complete security was believe 1 to exist. It l very tuy to "blow" on American securities, beciuse of gross and uotot-ousfraudi, uotot-ousfraudi, and to overlook the good and aollditocks, which abound here aeon that eldo. A certain dashlnc; recklessness of ncllon leads many Uogllsh people to pauiebofjrolruitln8 their unoey ao completely out of their sight. This Is not to bo wonderel at, ho thinks, find wo cheerfully stoud llieslalement. In this i orlloti of tho welrl yet winsome Wist, sonio rather sharp an J In toinslnstaiiCM rather unscrui ulo la achemia have Uen raitlced Ukiii our llrlllih CiUslus. Those who have evtr heard tho history of the LberharJt an 1 Aurora mine at White I'lne, evala, have heard an Interesting storj, for all us It yielded slUer so nearly pure that tho ramus were not allowed to emerge from their work with their clothes on, tj that uuneol tho pro lout tutl mljli ho rouiealed. Tnlsoaught Johnny IlJll lu great style and was tbo means of causing him to Invest rUhl audleftln everything that was oflered. Nluo times out of ton ho was swindled. We even heart of unocualn wlilcn onool his fit) ring was Induced to Invest In a irons mint! ItwasagolJeu harvest for America while It lasted, an 1 II held on I telly will until too woudirfulcham. lerln tho Kmina, Little Oottonnood, wm workel out; then the stretm bo-Kau bo-Kau t dlinlulth very rapidly, nnd while It has not dtlol up by an) raeanr, II It a long way from being what It was. Mr. I'algravo aiyt "the Idea has gone abroad that whenovtr some wild ctt scheme was too out rageous for Wall Hlreel It was sent over to London, an I that nothing was too bad to deter the Lngll'ti Investor, In-vestor, thebadntraof Iheschtine was au Index of tho InMeucsi of the commission com-mission that provldel a fund out of which tuning could bo liberally tlJ, and with tho assistance of tlmllar arts could make tho worie npptar the letlercau.K." Just a ; and yet the "uidntrt"of the rite la not all there Is of It byauy means. The peojlo of tho West are not grtntl dissimilar In most resx.cla to people elsewhere, and as relates to the desire for ruomy aro not different at all. They are "smarter" when on their own soil and playing their own game than others nre,ualurally enough, an I II belioovts Inglisbmen and everybody else to deal with the American speculator with their eyis open nnd nil their faculties In good working order. Kot that at a class we are dishonest as that word Is commonly understood, but because ho want the highest price we can jet fir what wo have lo tell. Nor doit It necessarily follow that If tbo merits of tho arllilo to le disposed of are somewhat exaggerated It Is a wlllul deceitlou, not at all. One man It presumed pre-sumed to know ai much at another In a general way and what hu don't know of (articular sutltcU that concern con-cern him hu Is expected to find out. Most of the woes of cur nlatlves leyoud the sea camo from buying through Invxjwrleuced n ents and from making tone of aristocratic atock-holdorathoauerlutendeiita atock-holdorathoauerlutendeiita of 1 roper-tlet roper-tlet when such Bona knew no more of the business than they did of tho Inhabitants In-habitants of Mars. They ought tu know by Intercourse with hooka If they hao no other miant of ncUlrln knowledge that nature has guard edand still guards bor treasured very tealouely; that not only la as much expended In tho long run aa la taken nut, hut a gnat deal It oltou rut In that Is seen no morn and this through uo mlsrtp resoutatlon or Intention of defrauding, but beiause a "tenderfoot" tan sin as far Into n mountain at tho most extirietuod mlntr, aud uuuditioue beyond be-yond very often fall lo bo n lontluua-Hon lontluua-Hon of conditions In sight, further-niore,tliey further-niore,tliey ought unanimously to know that brass Is nut un lude eudint metal butacomcund, nnd that when they strike ore worth $25,00d a Ion It Is not likely to last long. A Utile common sense la a neceaslly In ovcry calling, without It Wealth and houtsty count for but very little In a practical wa . |
