Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1864-09-30
Are the Germans Wron. in
wanting our Bonds ?

Not bit of it, No shrewder, thrifti-
er people, in matters Of money, exist on
earth. Our Jersey peope and New
Eng land people are a frugal, Industrious
people, but they can't save money like the
Germans. All Germany is a great saw
ings bank. 1t is trua that their working
men are not SO rich, ON an average, as
our working men, because they dou't get
more than one quarter Of the wages of
our men. But u 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 IRON the great beggars Of the world
IN Europe, and come to US republican,
They treat the notes OF Napoleon and
Joseph and Maximilan with indifference,
but want to discount all the American
notes they can get. The London Times
says this is all wrong-that the republi-
cans in America are all bankrupt, and the
Germans must be crazy to slight British
and French bcggars, and 60 begging,
themselves, to America. Are they crazy
We asked Poor Richard what he thought
about it. Why" said he, chow can
they be crazy, when they are doing just
what | did u little more than year ago,
when put my little savings into Gov
ernment six per cents? Now see what l
got by it: Just count up. | have recclv-
ed six per cent. in gold, which averaged
100 per cent. in currency, making IL per
cent. income. Now, to-day, my bond is
salable in the New York market at 10
per cent. premium. Pat these together.
end 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 Of people
who did this, and to-day they have % per
cent on their investments. Why, [ sa
Miss Jones, our ischool-marm. 60 to the
bank aud buy $500 bond. How she
got the money | don't know, but these
Yankee schoolmistrcsscs are Grst-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,
aud she gets Sll0 clear gain. Can you
sharp fellows down there in Williams
street do any better? You know told
Mr.. Smith, the banker, my ideas about
that, and he bought 5000 six per cent.
bonds, aud you sec he got LOO for a
years use Of his money. | met him the
other day, and he said, Poor Richard,you
are right; begin to think, the Govern
mcnt can take care Of itself, and us too.
For my part | mean to buy some 1905.
The rate cf interest is high enough,
and in three years they will turn into
six per cent. bonds. again Yes, Mr..
Smith, it is right, on the money side +;
but, 1t is right on the cosmtry's side too
Help your country, or it can't help yon.
Now, | say the Germans are not only
right, but they would be right if they got
half that interest. They cannot make
quarter of it at home." So thought
poor Richard, and so thirk we. When
we think of the German opinion Of our
situation and our financial strength, We
must remember that they are far better
ndges of our condition than We are, or
our enemies are. They are lockers on,
at great distance. They have none of
our enmities or prejudces. They can
tAdulne inc laCtS ClSiuteTcsteui). Lucy
do: and the result is verdict that the
American Government is stable-its alb
ility and integrity in meeting its financi-
al engagements unqnestonabie. This YER
dict, too, is founded on a series Of facts
which are unimpeachable, and well known
to every intelligent American. Take two
or three of the most important /. The
U nited States doubles its population each
twenty-five years. The population Of
the country, which in 1850 was twenty
three millions, will in 1875 be forty-six
millions. But the rebellion says some
one. How much has the rebellion dimin-
i, he'd the strength of the United States :?
Take this astonishing fact, that if all
Rebel States had bean sunk in the Paci-
PIC Ocean. the United States would in
1875 have population equal to that of
the whole in 1860. In other words, Gf-
teen years will supply the total loss