The Hancock Jeffersonian. [volume] (Findlay, Ohio) 1857-1870, 1864-09-09


made a great deal, but was never sat
isfed without high interest. SO he
lent most cG his money to some poo
pie who he thought were very rici,, at
y very high rate and he often told
how much he got, till one day the peo-
pie he Lent ia tO went to smash. He
got back shout ten cents on dollar
of his money. know another old
gentleman, who had some bank stock
and he went to the bank and got ten
per cent. dividend. The President
and everybody said IL was the best
stock in the country-paid ten per
cent But what did the old man do
but sell his stock the next day! Whyr
why? said everybody. Because, it
pays too much dividend. And in
six months the bank went TO smash.
Now, that know to- he taet. Wen,
Mr.. Smith, You say railroad stocks
are best, because they pay high divi-
dends Can you tell how long they
will pay thcm7 ] like railroads, T
helped to build one, and | 90 in for
useful things. But tell YOU what
know about them. One third of the
railroads don't pay any dividend, and
two thirds and some of them crack
up, too, % not pay as much rs Gov
crnmcnt stocks. Now that brings
me to the Government securities, and
/ will tell you why l prefer them
] take it you will admit, Mr.. Smith,
that in the long run the investment
which is best should have these quail
tiles First, it should bs perfectly Sc
cure; secondly, that the income should
he uniform and permancnt--not up
one year and down the next; and
thirdly, that it should be marketable,
so when your wet day comes, and you
want your money, you can get it
back. And | think these notes or
bonds hcve got these qualities more
than any other kind Of personal prop
erty YOU can name. Try IT,
"First, then, have been looking
into that great book you call the CEN
sus Statistics. l used to think it
wasn't worth much but since | be
gan to study it, tell you, found
out many things very useful for me
to know. l found ont, by looking al
the crops, and the factories and ship.
plug, &c, that we ! don't mean the
Rebel States are making n thous-
and millions of dollars n year more
than we spend. SO you see that
since the increase Of debt isn't hall
that we are growing rich instead OF
poorer, rs John Bull and the crOak-
ers would have us think Then tire
debt will be paid, anyhow, no matter
how long the war is. Besides, did
you ever hear Of n Government thai
broke before the people did2 Lool
into your big histories, Mr.. Smith
and you will find the people break be
fore the Governments. Well, then
call that stock perfectly secure.
"Secondly, you want the income
uniform and permanent. Well,
want you to take up list Of banks
railroads, minos, insurance companies
anything you chooss-and tell m'
[honor bright, now how many hav1
: paid uniform income for ton OF
twenty years. Not one in hundred
Mr.. Smith, and you know 1t.
"Now here is the Government vii
: pay you without varying = title
Now like something that gives INT
my income every year.
"Thirdly, you want something
which is marketable any day in th'
year. Now, il you will ask any banl
President, he will tell you that Gov
ernment stocks are the only kind o
property that is always salable, be
cause they will sell anywhere in th
n world"
"Now, Mr.. Smith, this is why
put my lttlo savings In Government
stocks. confess, too, that ] want
ed to help that dear old country
, which is my homo and my country.
al confess" said Mr.. Smith, 81 hadn'
thought OF all this. There 10 n goo,
deal of sense in what you say, and
will go so far as TO put two or thre
!; thousand dollars in United State
stocks. 1t can do no harm"
We left Mr.. Smith going toward
the bank, and Poor Riehard return
ing home, with that calm and placi
air which indicated the serenity c
his disposition and the CONSCIOUSNESS
J. of doing right towards his countr