The Tiffin weekly tribune. (Tiffin, Ohio) 1859-1868, 1864-09-01
Poor Richards Reasons for buying
United States Securities.

Oullbu Dthtto poOuilbiOos
The other day we heard rich neigh.
Dor say be had rather have railroad
stocks than the U. 3. stocks, FOR they
paid higher interest. Just then poor
Richard came up, and said that he just
bought some Of Uncle SIMS three years
notes, paying seven aud three-tenths per
cent. interest. NY ricbifriend exclaimed,
"Youl | thought you had no money t.
buy with" "Yes," said Richard, 81 had
a little laid up, Tor you know il is well
to have something laid up against a we,
day, and have kept little OF m,
earnings by me-" Now Pour Richard is
known to all the country round to be u
very prudent and industrious, and " ths !,
wise man; for Richard never learnedany
thing he didn't know how 10 make use
Of. and his wisdom and prudence had be-
come a proverb. So, when he took out
his savings aud bought the notes, more
than one was surprised, aud II was no
wonder rich MIR. Smith asked why.
So Poor Richard, in u very quiet hum
BILE way--for he never assumed anything
replied, II suppose, Nj. Smith, you
know great deal better than do with
money, and how TO invest, for | never
had much, and all got | had to work
hard or. But ! have looked round .
good deal upon my neighbJrs, and what
they did with Their money and ] " III tell
YOU some things ! saw aud what though,
OF Il. Que very rich man was always
dealing IN money, and he made a great
dcat, but WAS never satisfied with,ul
hicb interest. So he lent most Uf kis
money TO some people who he thought
were very rich, at II very high rate; and
he often told how much he got, till one
day the people he lent to went TO sm sh.
He got back about ten cents on a dol
lar OF his money. know another Old
gentleman, who had some bank stock
and hc went to the bank and got ten per
cent. dividend The President aud
everybody said Il was the bcs, stock in
the country--paid ten per cent. But
VII did the old man do but sell his stock
the next day! Way? why! said every.
body. d causi. it pays too muci dividend
Aud in sx months The OInk went to
smash. Now, that know g. be fact
We'll, Mr.. Smith, vow soy railrnad stocks
are best, becaue hey puy high div
w 'abs SaN wv w INV lOUH tlfN VIII
pay tbcml | like railroads. | hcl Dcd
TO build one, audi 90 in for useful things.
But | tel yuu what haoio about them.
Oae.lhird OF the rujlruaos dou't nay anv
dividend, and two thirds (rud sime ut
them cracked up, too) d. not pay as
much as Government stocks. Nov hat
brings m to the Government securities,
and | Will til you why prefer then.
l take II you will admit, Mr.. Smith, th II
in the long run the investment which is
best should have these qualities: Firs,,
II should be perfectly secure; secondly,
that the income should he uniform and
permanent--not up one year aud down
tn ~ At; aud thirdly, that It should be
marketable, 50 when your wet day comes,
aud you want your money, you eau g,i
IL uack. Aud | think these notes or
bonds have got these qualities more than
any other kind OF personal property You
can name. Try it.
"Firsi, then, have been looking into
that great book you call the Census
3 ati,tics. | used to think il wasn'I
worth much; hut since | began to study
IL, tell v,u, found out good MANY
things very useful for me to know. /
found out, by looking ut the crops, ond
the factories and shipping, &c, that we
Il don't mean the Rebel Statcs) are
making thousand millions Of dollars
q year more than we spend. So you
see that (since the increase of debt isn't
half that) we are growing rich instead Of
poorer, as John Bull aud the croakers
would hove us think. Then the debt
will be paid, anyhow, no matter how
long the war is. Besides, did you ever
hear OF u Government that broke before
the people did? Look intn your big his.
tories, Mr.. Smith, aud you will find the
people break before the Government.
Well, then, | call that stock perfectly
secure.
"Secondly, you want the income uni
form and permanent. Well, want you
to take up list of banks, railroads,
mines, insurar ce companies-- anything
y1u choose-and tell me (honor bi
nowD how many have paid uniform.
income Tor ten or twenty years. Not
one in hundred. Mr.. Smith, aud yo"
know il.
"Now here is the Government will
pay WIthout Varllng ttlle. NOW ike
that gives me my income ev
cry year.
"Thirdly, you want something which
is marketable any day in the year. Now,
If you will ask any bank President, he
will tell you IN It Government stools are
he on y kind Of property that is si,Days
saieable, b cause they will sell anytohere
in The Dorld.
"Nuw. NJ. SIN tn, this is phy put
M lille savings in Government stocks.
confess, too, that want d to help
that dear old country, which is my home
and my country" 81 Confess" said
Mr.. Smirh,"l hadn't thought of all this.
There IL a good deal of sense in what
you say, and n 90 so far as q pu,
Two or three thousand dollars in Uaited
States stocks. Ii can dn no harm"
We left Mr.. Smith going towards the
bauS, and Polr Richard returning home,
with hat cain anj plicd air which iu-
Heated tho rrnuy oi hi is,psiti1n
md tho nIn=N H..ttap4a. - l.iut Hr.f