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Judicious Investments

Judicious Investments image
Parent Issue
Day
28
Month
November
Year
1846
Copyright
Public Domain
OCR Text

Judicious Investments. - In our efforts to benefit our families, we frequently go the wrong way to work. A case in point is cited in the Charleston News. A gentleman fifty years ago gave his daughter at her birth a diamond ring costing $1500, which she has still in her possession, and which will remain in the family. A gentleman at the same time gave his daughter $1500, which was invested for her use at 7 per cent compound interest, and as no part of the amount was used, the sum this day has accumulated to $44,185 50! while the ladies diamond ring remains at the original value. - Det. Free Press. The N. Y. Commercial, in an article on the Mexican war, and the immense expenditures attending it, says: "If we adhere to the principle of making the Mexicans eventually reimburse all our expenses, with territory if not with money, the upshot of it will be that we shall have to keep on fighting until all their territory is ours. They are running in debt to us at a rate which will soon use up all they are worth in the world. When we come to forclose the mortgage, the equity of redemption will not be worth a farthing, even if they have anything to redeem it with."