Delaware State journal and statesman., 1864-08-23
NO. &c..

cohtry-paid ten per cent. But what did the
old man do but sell bis stock the next day =
Whyf why said everybody Because, il pays
TOO much dlpIdend. And in sil months the bauk
went to smash. Nov. Maf know to be q fact.
Weni Mr. Smith, you say railroad stocks are
beet, because they pay tioh dividends Can
you tell how long they y them2 / like
railroads. L helped l one, and go in
for useful things. bu tell you what kHow
about them. One-tbird Of tho railroads don't
pay any dividend, and two thirds land some Of
them cracked up, too,) do not pay as much as
Government steeks. Now that brings me 20 the
Government securities, aud will tell you why
l prefer them. l take ii you will admit Mr.
Smith, that in the long run the investment
which is best should have these qualities First,
it should be perfectly secure: secondly, that the
income should be uniform and permdnent-not up
ono 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
1t back. And l think these notes or bonds have
got these qualities more than any other kind Of
personal property you can name. Try it.
"First, then, have been looking into that
great book you call the Census Statistics.
used to think it wasn't worth much but since
l began to study it, | tell you, found cut a
good many things very useful for me to know.
l found out, by, looking at the crops, and the
factories and shipping, &C., that we Il don't
mean the Rebel States) are making thousand
millions Of dollars year more than we spend.
30 you sec that (snoe the increase Of debt isn't
half that We are growing rich instead Of poorer,
as John Bull and the oroakers would have US
think. Then the debt will be paid, anyhow, no
matter how long the war is Besi1es, did you
ever hear Of a Government that broke before the
people did? Look into your big histories, MIR.
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, mines, insurance companies
anything you ch0ose-and tell me (honor
bright, now y how many have paid UNIFORM
income for ten or twenty years. Not one in
hundred Mr.. Smith, and you know il.
Nov here is the Government will pay you
without varying title. Now like something
that gives me my income every year
"Thirdly, you want something which is mar
ketabls any day in the year. Now, if you will
ask any bank President, he will tell you that
Government NOeks are The only kind Of property
that Is dl0ays sala6ie, because they will sell any,
tohere in The World
SNOW, Mr.. Smith, this is ,ohy put my little
savings in Government stocks. | confess, too,
that wanted to help that dear old country,
which is my home and my country" 81 con.
fess," said Mr.. Smith, al hadn't thought Of all
this. There is good deal of sense in what you
say, and will go 30 far as to put two or three
thousand dollars in United States stocks. IT. can
do no harm"
We left Mr. Smith going towards the bank.
and Poor Richard returning home, with that
calm and placid air which indicated the serenity
Of his disposition and the consciousness of doing
right towards his country and his fellow man.