The International Monthly, Volume 2, No. 1, December, 1850 — John Shaqi
The International Monthly, Volume 2, No. 1, December, 1850Various
History
The International Monthly, Volume 2, No. 1, December, 1850
Various
Art, Modern -- 19th century -- Periodicals; Literature, Modern -- 19th century -- Periodicals; Science -- History -- Periodicals
Dr. Otto Zirckel has just published at Berlin a volume called "Sketches
from and concerning the United States," which has some curious
peculiarities to the eyes of an American. It is intended as a guide for
Germans who wish either to emigrate to this country or to send their
money here for investment. It begins with a description of the voyage to
America and of the East, West and South of the Union; next it describes
the position of the farmer, physician, clergyman, teacher, jurist,
merchant, and editor, and the chance of the emigrant in each of these
professions. It is written with spirit and humor, and a good deal of
practical judgment and wisdom are concisely and clearly expressed. The
curious part is the advice given to speculators who wish to invest their
money here at a high rate of interest. The author seems to think America
a perfect Eldorado for money lenders, and his book cannot fail to
produce a considerable increase in the amount of German capital employed
in this country. The various state and national loans are described
correctly, showing that Dr. Zirckel might venture safely into the mazes
of Wall Street. The history of repudiation he has studied with care, and
the necessity of final resumption of payments even in Mississippi he
estimates with justice. He suggests as the safest means of managing
matters, that a number of wealthy families should combine their funds
and send over a special agent in whom they can confide, to manage the
same in shaving notes, speculating in land, lending on bond and
mortgage, and making money generally. Thus they can get a high return
and live comfortably in Europe on the toil of Americans, all of which
will be much more grateful to the capitalists than useful to this
country. Better for us to have no foreign capital at all than to have
the interest thereon carried away and consumed in Europe.
* * * * *
Emile Silvestre has sent forth a new volume, _Un Philosophe sous les
Toits_.
* * * * *
Public-domain text, read in full here on John Shaqi.
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