Ashtabula weekly telegraph. [volume] (Ashtabula, Ohio) 1853-1873, 1864-08-27
Poor Richards Reason for Buying United
States Securities.

The other day we heard rich neighbor
say he had rather buve railroad sto.ks
than the U. s stocks fcr. they paid high
er interest. Just >theh Poor Richard came
up. and said he had just bought some of
Uucle Sans three years notes. paying sew
en- and three tehths per cent. interest. My
rich friend exclaimed, You tb6nght you
had no money to buy with. Yes, said
Richard, bad little laid mp, for you
know it is well to have little laid mp
against wet day, and have kept little
of my earnings By me. Now, Poor Rich
ard is known TO all the country round to
be very prudent aud industrious, and,
w,bal, wise than for Richard never learn.
ed anything he didn't make use of, and bis
wisdom and prudence had become proverb
So when he took out his savings and bought
the NOES, more than one was surprised,
and it was no wonder rich Mr.. Smith asked
why. So Poor Richard, In very quiet
humble wav--for he never assumed any.
thing-replied. ] suppose Mr.. Smith. you
know great deal better than l d. what
to do with money, aud how to invest for
| never had much, and all / got had 10
work bard for. But l have looked round
a good deal upon my neighbors, aud seen
What they did with their money, and will
tell YOU some things / saw and what
thought of it. One very rich man was
always dealing in mocey. and be made
great deal, but was never satisfied without
IisA interest. So be leut most Of his
money to some people who be thought
were tery riGh at very high rate and
he often told how much he got, till one day
the people be lent 10 went to smash. He
got hack about ten cents ou dollar of his
money. | know another old gentleman,
who had some bank stock; and he went to
| the bank aud got ten per cent. dividend.
The President and everybody said it was
the best stock in the coun,ry-paid ten per
cent. But what did the old man do but
.eN his stock the next day! Why2 why ?
said everybody. Because, il pays TOO much
disidssd. And 10 six months the bank
went TO smash. Now. that | know to be a
fact. Well Mr.. Smith, you say railroad
stocks are best; because they pay high
dividends Can you tell how long they
will pay them like railroads, l helped 10
build one, and go in for usefdl tliings
But tell you knott about them. One
third of the railroads don't pay any divi-
depd and two-thirds (and some of them
cracked up,) don't pay as much ss Govern
ment stocks. Now that brings me to the
! Government securities, ard l will tell y6t
| why prefer them. take it you will ad
init, Mr.. Smith. that in the long run the
iuyest ment which is best should have these
qualities First, it should be perfectly Sc
ears secondly. that the INCOME should be
Wnifor@ and psrmansnt-not dp one yea
aud down tbe next and thirdly, that !
should be marketable. so when your We
day comes. aud you want your money yo'
can get II back And think these note
or bonds have got these qualities NOR
than shy other bind ct personal yod CO..
name. Tryit -
4 First then bavs besu looking into tha
book you call the Census Statistics.
ussd TO thiuh il WssSs worth much bu
| .;... 4 h.---sA- -4--s-.2A $3.50
-..-. ..gan w sANuy ", teit you, IN