The Potter journal. [volume] (Coudersport, Pa.) 1857-1872, 1864-09-07
POOR RICHARDS REASONS

o. II. MARTIN,
POOR RECEEARD's REASONS
FOR BUYING UNITED STATES SECURITIES.
The other day we heard rich neigh
Dor say he had rather have railroad stocks
than the u. s. stocks, for they paid higher
interest. Just then poor Richard came
up, and said that he had just bought some
of Uncle Sans three years uotes, paying
seven and three teuths per cent. interest.
My rich friend exclaimed, "You | tho't
ycu had no money to buy with " eyes"
said Richard, Il had little laid up. for
you know it is well to have something
laid up agaiDst wet day, and have Kept
little OF my earnings by ne" Now,
Poor Richard is known to all the couutry
round 20 be very prudent and industrl-
Gus, and withal, wise man for Richard
never learned anything he didn't know
how to make use of, and his wisdom and
prudence had become a proverb. SO,
when he took out his savings and bought
the notes, more than one was surprised,
and it was no wonder rich Mr. Smith
asked why, So Poor Richard, in a very
Quiet hnmbIe war-for he novcrassumed
anythlng-repIied, Il suppose, Dir. Smith,
you know great deal better than | Go
what 10 do with mopov and how to in.
,est. for nayar had nncb and I'll on,
I had to wo hard for. But | have
looked round good deal upon my neigh
bors. and seen Tha,athcv did Win their
moner and will Tell y9u soma things I
saw and what tLonoIf oft One verv
rich man was alwavs deaIino in none
and he made a great deal. but was ne,or
satisfied without high inscrest. So he
lent most of his money to some people
who he tboucbt wera yrrv mcb at = vnry
hiah rate: and he often told how much
he cot. till o0e day the ncople he lent To
went 10 smash. He COT hack abont ten
cents on q dollar on his money. 7
know another old gentleman. who had
some bank stock. and he went to the bank
and oot ten ner cent. diyidend The
President and evarvhodv said if was the
hest stock IN tbo corn+rrn,id 70, nor
cent Rnf what 6id the old man 10 Int
yeH his stock the next dav / Wbv =? wbv
sa,d .apervhodr Rooonso !. o,a,,s ioo
,D,Ch din;3eu2 AnJ in six mantbs ~ the
bank went to smasb Now t1atIk know
ro he fac VeIJ' Mr. sni,b Won cav
raiIroad stocks arc hest becanso tbov nav my
lio1 dividends Gam Won tell me how
I,%,, tbag niIi ra, Dtbo',2 Nh, III +.
roa5, tsIn,I r. y bniiJ ona anJ 7 49,
IN far ,saf,,] ,h;aao 'Pn, ~ ftoIl ran ,rhot o
r L,9a.a .oha,t -, a.. .I,;.2 49, ~ IS
.;Iroa5, J"1.,. INV a,'' DJ;,;i J;n;Iena " a"G ~"
-wo.tbIrds ~(an5 Io,1, ar g t,e,, oraol-nl w -
.oo 49, 49, 49,, ,,,,aI, ~ rsss~.l'.olf''
,tooI,s ~ ' ,i. ,a Lr; % 80 80 - r,
,,nmont soonr;,;os ~ a"i 80 NH II tan '"i Wv,
ybv nrafor tboo, 7 ,ola = ron m;T G
,dn,it H. smith that in the jona rnn
'be ;ryestment which ;s La,t sho,Id bara Ta
.bosa onaIirias FIRST !, should be a,er
foctJu secure secondly that Tho incemo P
,honId be ,to;fog.,,, aoI ,,a,s,, o,,o,,t,Onot
IN one wear and down the next. and
hirdlv that it sbonld be marketable so
hat when pour wet day comes and yon
want rour money von can oct i back
IND I tb;nk tbasa notao ~ Iood, boro
,ot these onaIiries more than anv other
lind Of nersonal nronertv Won can name
Trv i
1First then 7 have baen look;no into
hat GREAT booL Won call tho Censns Sta.
istics used to think it WASN'T worth
much : but since I BEGAN to study It. I
ell YOU. I found out a rood many things
,erv nsefnI far mo n knou 7 found ont