Lewistown gazette. [volume] (Lewistown, Pa.) 1843-1944, 1864-08-31
Poor Richards Reasons for buying I'M.
ted states Securities

up anu SAID that he just bought some oi
"''e 'oa'" three years notes, paying seven
ahu ihree-ten;hs per cent interest. Nv
rich TREND exclaimed, You, [ thought
you had no money to buy with" Yes, "
sad Richard, = had a Iittle laid M,
against wet day, and have kept little
OF my earnings by me" Now Poor Rich
arJ Is known to all the country round to be
very prudent and industrious. and withaI
Wise man; Tor Richard never learned any
thing he didn't know how to make use of.
and his wisdom aud pr ,dence had become
proVerb. 80, when he took out his say
In2s and bought the notes. more than one
was surprised, and it was 30 w0nd r rich
hr. Smith s>ed why So Poor Richard
IN very quiet humble way-ior he never
assumed anything-replied, II suppose,
Mr. Smith, you know d great deal better
than do what to do with your money. and
no" to invest; for | never had much. and
all got | had to work hard for. Bpt I
nave looked round good deal upon my
nelghbors, aud seen what they did with
their money. and will tell you some tbin.s
saw aud what L thought it. One very |
rich man Was always dealing in money, and |
ne made great deal, but was never satis-
1ed without h,gh interest. So he lent
most OF lis money to some people who he
'housht were very rich, at very high rate;
lnd he often told how much he got, till one
lay the people he lent went to smash He
so' oack about ten cents on a dollar Of his
money. L know another old gentleman.
Vho mad some bank st ,ck und he went tn
he bank and got ten per cent. dividend
me President aud everybody said it was
ne BEST stock in the country-paid ten
'er cent But what did the old man do
ut Se@ his stock the next day! Why?
Y ny! said everybody Because. it mans
% much dtOidend And i six months
he oank went to smash Now, that
now to be fact. Well, Mr.. Smith, vou
iy railroad stocks are best, because thev
III pay h Oh dividends? Can vou tell
0" ioCg they will pay them2 like rail
'adS, helped to build one, and | 90 in
# useful things B1t tell YOU what I
'"0 about them One thrd Of the rail
'a'S oon pay ony dividend, and two
i''S (""d some oi them cracked up. too.
HoI pay as much a. Government ,to...
D" th't brings me to ta5 Government
aud viii tell kou Why | prefer
EN- take 1t you viii admit lir <,i,h
'I ~ the long run the investment which
0eSf should have these .uaiities. Fir,t .,
should be peyr Uy secure: secondly th., +
'heylhe should be IN Jorm nd perm, /
'f-~hot up one yer nuti down the newt. =
lhlidiy, that 1t shouiu Ce a,urhrtoth .
" ne" Your wet day comcs, aud you want
IT money, you can get it back. And
Tx these notes or bonds have got tn sc
''''ies more than any other kind of Der It
al property you eau name. Try it =
FIRST then, L have been booking into ?,
great book You call the Census Status. :,
used TO Thank 1t wasn ', Wortt. n,uct. pt
since hesan TO study it, tell ,ou I r
% out GO many things yer, usei,i .
me to Know found out. 10y inok,ag il
ne crops aud the factories ana SHIPPING, .
that we Il don't mean H.. n...i Y
et) are m king Thousand .ill .,.. .
lT5 year moro than We spent =, !
see that (sInce the increase Of deD, III
hall that We are growing rj,h ~ ""
oi p orer, ao John Bali and the
kers would have US think. Then the =
VIII be paid, anyhow, no matter how
the war Besides did you ever bea,
"o'erhlnent that broke before the %
'e ala! Look into your biz histories %
o~'th' aud you will find the peorIe c1S r,
'''o'e the Governments Well, tbe' tbe
call the stock P":tsctly secure Ed
econd!y, you want the income nm; farm, A
Well, | want you to take
list oi Ianks, railroads, m,nes. insnr.
c. D'Panies anytbmg ynu cho Sc 4
tell me honor bright. now :, how ..1.r,
have paid a u"itorm nc IT'S. fo, ,en &c.,"
'enty years. No ore in 4 hund,.d /
mIth, and you know it
o~ here Is the Government will ray l.
Without varying little. Now Ike rr,,
mug that gives NE my income every L
been
tax