Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1864-09-23
ARE THE GERMANS WRONG IN
WANTING OUR BONDSi

Not bit Of il No shrewder, thriitier
people, in matters Of money, exist on earth.
Our Jersey people and New England people
are frugal, industrious people, but they
cant save money like the Germans All Ger
many is a great savings bank. 1t 10 true that
their working men are not 90 rich, on an
average, as our working men, because they
don't get more than one quarter Of the wages
Of our men. But German can save money,
and he knows when it is safe. Now these
shrewd, thrifty Germans want our bonds -
They want them by millions. They turn a.
side from the great besgars Of the world in
Europe, and come to US Republicans. They
treat the notes Of Napoleon and Joseph and
Macmillan with indifference, but want to
discount all the American notes they can get.
The London Times says this is all wrong
that the Republicans in America ate all bank
rupt, and the Germans must be crazy TO
slight British and French boggars, and so
begging, themselves. to america. Are they
crazy We asked Poor hitkard what he
thought about it. d" Why" said he, +" how
can they be crazy, when they are doing just
what did little more than year ago, when
put my little savings into Governmen, six
per cents Now see what got by it just
count up. ! have received six per cent in
gold, which averaged 100 per cent. in cur
rency, making 2 per cent. income. Now,
to-day, my bond is salable in the New York
market at 10 per cent. premium. Put these
together, and to-day have % per cent for
one years use Of my money What do you
think Of that You know. as well 90 | do.
that there are thousands Of people who did
this, and to-day they have % per cent, on
their investments Why, / saw Miss Jones,
our school-mam, 90 10 the bank and buy
$500 bond. How she got the money don't
know, but these Yankee schoolmistresses are
hrst-rate hands At taking care of themselves.
Well, now, count up. II Miss Jones sells her
bonds to-day she gets her $500 back safe,
and she gets SllO clear gain Can you sharp
fellows down there in William street do any
better : You know ] told Mr. Smith, the
banker, my ideas about that, ahd he bought
$1,000 six per cent bonds. and you see be got
SLIGO for years use Of bis money. met
him the other day, and he said, Poor Rich
ard, you are right; | begin to think the
Government can take care Of itself, and US
700 For my part, mean TO buy some Of
the 1905 The rate OF interest Is high e.
noush, and 10 three years they will turn into
six per cent. bonds again Yes, Mr.. Smith
it is right. on the money side but, Il Is right
on DEE c0untry's side too Help your country,
or 1t can't help you. Now, | say the Ger
mans are not only right, but they would be
night If they got half that interest They
cannot make quarter Of it at home" SO
thought Poor Richard, and so think we.-
When we think Of the German opinion Of
our situa ion and our financial strength, we
must remember shat they are far better Judges
Of our condition than we are, or our enemies
are. They are lockers on, at great distance.
They have none OF our enmisies or preiudlces.
They can examine the facts disinterestedly.
They do and the result is verdict that the
American Government is stable--its ability
and integrity IN meeting its financial engage
ments unquestionabls. This verdict, too, is
founded on a series Of facts which are unim-
peachable, and we'll known to every intelli-
gent American. Take two or three Of the
most important /. The United States dou-
bles its population each twenty-five years
The population Of the country, which in 1850
was tUeHty three millions, will ia 1875 be for
ty-si1 millions. But the rebellion says some
one. How much has the rebellion diminish
ed the strength Of the United States Take
this astonishing fact, that if AL the rebel
states had been sunk in the Pacific Ocean,
the United States would in 1875 have pop
ulauon equal 10 that of The whole in $50. In
other words, fifteen years will supply the total
loss of the eleven original rebel states! What
can impede the progress Of such a country
2. The wealth Of the country increased l27
per cent. in ten years Now let it increase
but so from 1860 to 1870, and it will amount
to ten times all the loans Of the government.
The German knows what be is about. He
will get the largest income from, loans in the
world, on the safest security. No such OPP
rortunity has occurred before for the invest
ment of money, and in al probability will
never occur again. II the American does not
know and take advantage Of this, the German
and Frenchman will.-E1.