From W. E. Darwin 9 September [1867]1
Southampton
Sepr. 9th.
My Dear Father,
Unless you like Indian Railway Stock guaranteed 5 per Cent by Indian Govt. (of which Great Indian Peninsular Ry. now pays 6 per cent, & is regularly rising in value every half year).2 I should recommend what is called “Indian Enfaced Rupee paper” 5 per cent at about 109, which is an Indian Govt. Loan, and is thought very well of; Indian Bonds are the same sort of thing, but have not a permanent rate of interest, for instance they now have reduced them to 4 per Cent, & if money continues as cheap as at present they probably will reduce to 3 per Cent.
I should prefer G. Indian Peninsular Ry. Stock, as the guarantee is just the same, & the only difference in security between that & the Rupee paper Loans is that if the Railways all got smashed up in a rising; & the Govt. still held on, they would pay the interest on their own loans before the Guaranteed R. Interest.
If you do not like India, the next best investments of a safe kind are such things as Victoria Govt. or Cape of Good Hope Govt. Bonds paying about 5 Per Cent; but they do not obey Uncle Langton’s rule as a remedy for the decreasing value of gold, namely a guaranteed interest & share of extra profits.3
I went over last week to the opening of the Blackmore Museum at Salisbury, it is a most splendid collection of Antiquity of Man relics given together with the building to Salisbury, I dare say you have heard of it.4
Mr Blackmore is a friend of a Mr Lumbe at whose house at Buenos Ayres you stayed, & it was a funny chance that just two days before I saw Mr Blackmore he had received a letter from Mr Lumbe enclosing an old one of yours written from the Beagle.5 Mr Lumbe gives an account of a gigantic fossil Man, & he is going to send full particulars to Blackmore who will forward them to you.
Your affect son WED.
Footnotes
Bibliography
Snodgrass, Mary Ellen. 2015. The Civil War era and reconstruction: an encyclopedia of social, political, cultural and economic history. Oxford and New York: Routledge.
Sunderland, David. 2013. Financing the Raj: the City of London and colonial India, 1858–1940. Woodbridge, Suffolk: The Boydell Press.
Summary
Suggests investments for CD;
discusses the opening of the Blackmore Museum, Salisbury;
mentions Edward Lumb of Buenos Aires, with whom CD stayed in Argentina.
Letter details
- Letter no.
- DCP-LETT-4609F
- From
- William Erasmus Darwin
- To
- Charles Robert Darwin
- Sent from
- Southampton
- Source of text
- Cornford Family Papers (DAR 275: 30)
- Physical description
- ALS 8pp
Please cite as
Darwin Correspondence Project, “Letter no. 4609F,” accessed on 26 September 2022, https://www.darwinproject.ac.uk/letter/?docId=letters/DCP-LETT-4609F.xml
Also published in The Correspondence of Charles Darwin, vol. 24 (Supplement)