The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1864-11-03
Are the Germans Wrong in Wanting our
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Not bit oft /! No shrewder, thriftier
people, in matters of money, exist on earth.
Our Jersey people and New England are a
frugal, industrious people, but they can't
save money like the Germans All Germany
is a great savings bank. 1t is true that
their working men are not so rich, on an
average, as our working men, because they
don't get more than one quarter of the wa
ges of our men. But German can save
money and he knows when it is safe Now
these shrewd, thrifty Germans want our
bonds. They want them by millions. They
turn aside from the great beggars of the
world in Europe, and come to us Republicans
J They treat the notes of Napoleon and Joseph
land Macmillan with indifference, but want
to discount all the American notes they can
get. The London Times says this is all
wrong that the Republicans in America
are all bankrupt and the Germans must be
crazy to slight British and French beggars,
and go begging, themselves, to America
Are they crazy 70 We asked Poor Richard
what he thought about it. "Why,r said
he, show can they be crazy. when they are
doing just what did little more than a
year ago, when put my little savings into
Government six per cents Now see what
got by 1t; just count up. | have received
six per cent. in gold, which averaged 100
per cent. in currency, making u per cent.
income. Now, to-day, my bond is saIable
in the New York market at 10 per cent. pre-
MUM. Put these togather, and to-day |
have % per cent. for one years use of my
money! What do you think of that ?
You know, as well as L do, that there are
thousands people that did this, and to-day
they have % per cent. on their investments
Why, saw Miss Jones, our school-mam,
go to the band ank buy $500 bond. How
she got. the money don't know, but These
Yankee schoolmistresses are first rate hands
at taking care of themselves. Well, now
count up. If Miss Jones sells her bonds to-
day she gets her $500 back safe, and gets
$40 clear gain. Can you sharp fallowl
down there in William street do any better
You know | told Mr.. Smith, the banker, nj,
ideas about that, and he bought 50, 900 sil
per cent. bonds and you see he got 81,
for years use of his money. / met hin
; the other day, and he said, Poor Richard
you are right ; | begin to think, the Govern
ment can take care Of itself, and us to, Fo
] my part, mean to buy some Of the 1905
/ The rate Of interest is high enough, and il
tn rec years they will turn into six per CEN
, bonds again" 49, Yes, Mr.. Smith, it is right
on the money side but, it as right on I'll
countrgs side too. Help your country,or
= can't help you. Now, say the German
i are not only right, but they would be RICH
if they got half that interest. They cannc
make a quarter Of it at home.' So though
: Poor Richard, and so think we. When v
think of the German opinion of our situatio
d and our financial strength, we must remem
v Der that they are far better judges of OF
condition then we are, or our enemies ar
They are lockers on, at a great distance
5 They have none of our enmities or preiudice
l. They can examine the facts disinterestedly
"a They do; and the results is verdict tn;
the American Government is stable-itS
! bitity md integrity IN meeting its fRGRci
re engagement ulsquestionabLe. This verdict, to
is founded on a series of facts which are III
g impeachable, and we'll known to every ii
telligent American. Take one or three
D. the most important /. The United Stat
e doubles its population each twenty five year
Of The population of the country, which in Il
6 so was taQe'aty three millions, will in IS,
= be f0rty-six millions. but the rebellion saY
IT some one How much has the rebellit
y diminished the strength of the United State
,e Take this astonishing fact, that if all Il
20 Rebel States had been sunk in the Pact
Ocean the United States would in 1875 ha
le a population equal to that Of the oboLe
d 1860. In other words, fifteen gears will su
> ply the total loss of the eleven original Ret
e States What can impede the progress
!. such a country 2. The wealth of t
10 country increased 127per cent. in ten yea
III Now let it increase but 80 from 1860
N 1870, and it will amount to ten times all t
re loans of the government. The Germs
n knows what he is about He will get Il
largest income from loans in the world,
the Safes security. No such opportuni
has occurred before the investment of none
and in all probability will never occur agai
If the American does not know and take a
vantage of this, the German and Frenc HIM
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