SMALL INVESTMENTS.

Hawke's Bay Weekly Times, Volume 1, Issue 42, 14 October 1867, Page 251

SMALL INVESTMENTS.

• (Prom ■ the'' Bullionist.) 1 ■' In" a highly luxurious society like, that ! which .Will hereafter .distinguish the pre--1 sent cencury, the one pressing fact which ’ above all others,' insists upon being at- ' tended.to, is the'augmentation of income, the.wherewtihal to provide the absolutely ■ innumerable comforts and conventional necessities which are the source of our • happihess jand comfort. '.For some years ' now the [ universal cry of the British peo--1 pie lias beep for more of the world’s riches, ' in order . that they might keep pace with • the rapidly advancing claims of social posh ; tiph. ’’ Happily i his braving for ’ more ‘ luxury and indulgence has nOtiucliided or ■ led ,'us into indolence. v We. have - given > increased attention to business 'that we >• might improve our homes, that our chiid- ■ rehmaybe brought 1 up’to'and kept in a 1 position such as. the progressive! wealtty of • those [who started’ in“thei'race with J us' led : us. to[desire. ,; Whether, this laudable pas- > sioh has been.,more [than neutralised by l encouragement’ of .a.’culteness'which was l not fbnnbrly.of. tnis/pb.u.utry.'a'nd; 1 by the 1 elasticity ‘ of 'the.;commercial"conscience > w-hich"is sb'noforibUsly comnibn, is > an.open,,question, which we arpnbt.ambi--1 tious; enough to; desire to solve at- present. » Among of,’our more ; brilliant life, yocml:Jluaid these; fc must be classed; bpt phrity of -morals { not alien;, to. success ’. in ['business, we i can. thercfprej hopo tbat, aS pur experience j extends, we may ' seb% these "two qualities i more entirely, knit together. than! they i would appear to' 'bje ! Resent; ' v ßuc our r object is not to commbnt,upbn v tbis"point, ; f Bp.;pauqh;f|s ( tp T to, thpabsoL' lntb :^ecesßity{which . one. feels’ to i j make the, most ’ ofey respMM^at'.theii t •(;frtwiT' v':*•/ \ : ijlm - thejdbband ’for'.more s fbundvnew inohb^ | thpMiwante. *mp/em(fbts,Vtpo, e a.wereinpt^imml^equtiy^realiaedijiiQnthe h They , have’ been 4 ihermeuTg ux^fotfqp'fw ij* . ,A" '' < • - A 'A t JMtt*.*r**J* o' A J" e t - 1 * ' -*** vUi

course has not bCeu arreßfced. ';iißesides large numberof.persons.vare - less vim.-, bquait.tb; grapple thq^change; which' it for irthem jbo I make, and'fmthoufc taking wMohitheyarqatanobyious-andseriouß disadyautage. increased demand for money have sprung, up joint-stock enterprisesof all.; classes,.besides an;abundance bf Golbnial GqT.ernnient guaranteed and; preference; securities, yield a rate of inforest, about double .that .formerly ; obtained /from investment; r The, first legal indications of (.this great monetary change .was when trustees were permitted to invest' trust! money m other than the*funds. . : These lead us to think- in what..direction those ; ini; possession jof incomes derived from ' investments may -best ;B.e(ek!:for.> ; reaßonably: safe ■ and; '.profitable undertakings., in iwhioh; to , place their m!oney.. At the-starting it will be well-to beariu: mind.!.,that no; wise person places all hisjeggsiin: one: basket. - -A-part can' be lost or!; depreciated without .permanent or serious:, deprivation, perhaps,. but to lose all would be. in most instances absolute ruin,;.. are induced..to. ; pursue • our reflections from-the, painful .-disinclination everywhere, manifested f for. the. ordinary and. more : known, (undertakings. Quite beyond-these .there .is a small, class of jointstock commercial companies, which are for the most part-of a rekp.ectable : and , profit; .able character. . They are little knownto the ordinary .public, for the reason that they .are formed in many instances for the conduct, of .certain businesses which bad outgrown, the . private, resources of the original. proprietors. Their capital is often too small for them : to procure quotations ;inv the. Stock. Exchange list ;,but yiuyonewho looks down:the-money;articleß -of the daily papers-must have noticed that during thle last six weeks the reports of a multitude of these companies have been noticed,! the; names of which were quite strange to the popular sear. In ths majority of cases . the dividends have been exceedingly satisfactory, ranging from six tojten.per cent, per annum. ; The cause of this: .prosperity in .a .season, of great disr trust/Jand inactivity is .to be. found in their dibririutiveness, ,and : the definite occupations which they carry on. 1 A, troubled 'money market.affeetsthem, bnt only as it affeots private business-houses,.and not as it'alarms speculative undertakings who are large . borrowers, "Moreover,' such "quiet establishments. as, many of. these small business companies are, have an advantage over private-ffirfos of, equal" ’ status, "and means. Beyond, the capital paid .up they have,, at their, bank, an* uncalled"capital Whi<di : at : from any, ordinary.. distress. Moreover, their creditors: know tliis, and the verv fact is oftentimes equal to the inoney being at, hand. But with private-firm its is only repute that can keep the creditor easy in a time of general anxiety, and repute is but a feeble support, which any malevolent person may blast for years, if not for ever.