Green-Mountain freeman. [volume] (Montpelier, Vt.) 1844-1884, 1864-09-27
Are the &c mans Wrong in Wanting our
Bonds

Not bit of il No shrewisr, thrlIior pep
| pie, il matters Of money, exist on earth. Our
Jersey people and New England people are
frugal, industrious people, but they can't save
monay like the Germans. All Germany is q
grpa, slylngs bank IL ia true that their work
ing uen are not 30 rich, on an average as cur
working men, because they DON get more than
one quarter OF the wages OF our men But
German Can save money, and he knows when 1t
IL safe. Now these shrewd, thrifty Germans
want our bonds. They want them by millions
lheg turn aside from the great beggars OF the
world Ia Europe, and come TO US Reputlicans.
They trea. The notes Of Napoleon and Joseph
aud Maxilnllian with Indifference, but want to
discount all the American notes they can get.
! The LoadOn Times says this is all wrong-that
,he Republicans iniAmerca are all bankrupt,
ana the Germans must be crazy TO slight British
and French bcggars, and 20 begging, them
selges, 10 Ameuca. Are they crazy? We asked
Poor Richard what he thought about it.
Why" said he, " how can they be crazy,
when they are doing just what | did a ltGle
more than year ago, when put my little saw.
lngs into Goverument six per cents? Now see
what got by il; just count up | have re-
ceived six per cent IN gold which averaged 10
per cent. in currency, making II per cent in
come. Now to-day. my bond Is sslabe in
,he New York market at 10 per cent. premium.
Pat these together, and to-day | have % per
cent for one years use Of my money What
do you think Of that? You know a. we'll a.
do, that there are thousands of people who did
thls, and oday they have % per cent. on their
Investments Why, | saw Miss Jones. our
school-mam g to the bank and buy $500
bond. How she got the money don't know,
but these Yankee schoomstresses are frstrate
hands at taking care of themselves. Well, now,
count up. II Mrs Jones sells her bonds today
she gets her $500 back safe, and she gets $llO
clear gain Can you sharp fellows down there
N William street do any better? You know |
told Mr. Smith, the banker, my ideas about
that, aud he bought IS 600 six per cent. bonds,
and you sec be got 81 100 for u years use OF
his money. m3t him the other day, and he
said, Poor Richard, you are right begin to
think the Government can take care OF itself,
aud us too For my part, mean to buy some
Of the 1905. The rate of interest is high
enough and in three years they will turn into
SIX per cent, bonds again. Yes, Mr.. Smith,
II is right on the money side but, II is rigM
on The oountry's 'ide TOO. Help your country,
o. it can't help you. Now, say the Germans
are not only right but they would be right if
they got halt that interest They cnnot make
quarter Of t at home" So thought Poor
Richard and 20 think We. When We think Of
the German opinion Ct our situation and our
financial strength, we must remember that they
are iar better judges Of our condition than we
are, or our enemies are. They are lockers on,
at great distance. They have uone of our en-.
mites or prejudices. They can examine the
facts dsin.erestedly. They do and the result
Is verdict that the American Government is
stabie--iis ability and integrity IN melting lis
financial engagements unqusstionabls. This YER
dict, too, is founded ON q series OF facts which
are unlmpsachabe, an we'll known to every
Intelligent American Take two or thrss OF the
most important |. The United States doubles
its population each twenty-five years. The
population Of the country, which 10 1850 was
fpenfy- three millions, and will in 1875 be forty
aT miiioRs Bat the rebellion says some
one. How much has the rebellion diminished
the strength Vi the United States2 Take this
astonishing fact, that II all the Rebel States had
been sunk 10 the Pacific Ocean. the United
states would in 1875 have population equal
10 that Of The phoie in 1860. In other words,
fifteen years will supply the total loss of the
orlglnal Rebel States What can impede the
| progress ol hucu country - ine wealth. Vi
the county increased l27 per cent. in ten years
Now let it increase but 81 from 1860 to 1870,
and 1t will amount TO ten times all the loans Of
she government. The German knows what he
Is about. lie will get the largest income from
loans 10 tue world, on the safest security. No
such opportunity has occurred before for the in
gestment of money, and in all probability will
never occur again. II the American does not
1uow and take advantage Of this, the Germsn
and Frenchman will.-Er.