Columbia Democrat and Bloomsburg general advertiser. [volume] (Bloomsburg, Pa.) 1850-1866, 1864-09-03
Poor Richards Reasons for buy
ing United states Securl ties

Inc olner uay we ncaru u rlCH uelBupor !
say had rather have railroad stacks than
he U. S. stocks, for they paid higher in-
crest, Just then Poor Richard came up,
aud said that he just bought some OF Uu-
,le Sans three years notes, paying seven
and three-tenths per cent, interest My
rich friend exclaimed, "Iou l tho Igbt
you had no money to buy witn.' eyes,
said Richard, 81 had little laid up, for
YOU know it is well to have something laid
up against wet day, aud l have kept a
litlc OF my earnings by me-" Now Poor
Richard is known to all the country round
to be very prudent and industrious, and
withal, wise man for Richard never
learned anything he dldut know how to
make use OF and his wisdom aud pruueuce
had become a provcrb. So,when he took
out his savings and bought the notes ,more
than one was surprised, and it was no
wonder rich Mr. Smith a,ked why. so
Poor Richard. in very quite humble
way for he never assumed anything
replied, 81 suppose, Mr.. Smith, you know
a great deal better than do what 10 do
with money, and how to invest for new
er had much, and all | got had to work
hard for. But have looked round
good deal upon my ncig5bors, and seen
what they did with their money aud Iwiil
tell you some things | saw aud what |
thought OF it, One very rich man was al
ways dealing in money, and he made
great deal, but was never satisfied without
Hs2h interest. So he lent most OF his
uIta ba I
we're very rich, at a very high rate; and
be often told how much he got ,tiI one day
the people be leut to went to smash H..
got back about ten cents ona dollar OF his
money. l know another old gept,eman
who had some bank stock aud he went to
the bank and got ten per csut. dividend
The President aud every body said it was
cent But what did the old uen do bat
SeN his stock the next day Why why
said everybody. Becaase,it pays ho mech
aiculend. And in six months the bank
went to smash. Now, 4! Il know 70 he
a fact Well, Mr. Smi,h,yoa say r1.lJold
stocks are best. because they pay h gu
dividends Can you tell now hong lhcy
will pay them like railroads. help.
ed to build one, and | 90 In Tor usriDl
things But tell you what knot0 about
them. One third OF the railroads don t
pay ann dividend, and Two thirds (and
some OF them cracked up, too DO not pay
as much as Government stacks. NV
that brings me to the Government securi-
ties and | will tell you Why prefer them.
| take it you will admit, Mr. Smith, that
in the long ruu the investment which is
best should have these qualities First,
it should be pe'fectiysecufs secondly that
the income shouIc be mao IN anil perni9-
nent-not up one year and down the next;
and thirdly, that it should be nt11kc.aIIe,
so when your wet day comes, and you want
your money, you can get 1t back. Anu
| shnk these notes or bonds nave got these
qualities mole than auy o'hor kind oil per
sonal property you can Lame. Try it.
First, then, have been looking into
that great hook you call the Census Siat-
sites. used so think it wasn't worth
much but ,incr l began to study it'll tell
you | found out good many tbing' very
useful for me to know. | found out, by
looking at the crops, and the factories and
shipping, &c, that we don't mean the
Rebel States) are making thousand mill,
ions of dollars year more than We spend.
So you see that (since the increase Of debt
insn't half that We are growing yich in
stead of poorer, as John Bull and the
croakers would have US think. Then the
deb. will be paid, anyhow, no matter how
long the war is. Besides, did you ever
hear of Government that broke before
the people did, Look into your big his
tories, Mr.. Smith, and you will find the
people break before Governments Well,
then, | call that stock perfectly secure.
"Secondly, you want the income UNI
form anil permanent. Well, want you
to take up list of banks, railroads, mines,
Insurance companies-anything you hoosec
and tell me honor bright, now y how
many have paid uniform income for ten
or twenty years. Not one in hundred
g Mr.. Smith, and you know ii.
g "Thirdly, you want something which is
marketable any day in the year Now, il
6 you will ask any bank President, be will
> tell you that goUerpmenh stocks are The on
ty KIND Of fprop0ty that is alDays S0Ia6Ie
: becau'e they will sell a"ywhere i" M'
|. lCora
:. snow, Mr.. Smith, this is why I put
my little saveings in Government stocks
| confess, TOO, that ! wanted to help that
+ dear old country, which is nay home and
e my country" 81 confess, said Mr.. Smith
~ hadn't thought of all this. There is {
good deal of sense in what you say and
will 60 so far as to put two or three 1hous
: and dollars 10 United States stocks. L
e can do no harm"
9 We left Mr.. Smith going towards tht
II bank, and poor Richard returning home
with that calm and placid air which indi'
Gated the serenity of his disposition ant
: consciousness of doing right towards BIZ
Soantry and his fellow mas,