The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1864-12-21
Are the Germans Wrong in
anting our Bonds?

ple. in matters of money, exist earth Our
Jersey people and New England people are a
frugal, industrious people, but they cant'r
save money like the Germans. All Germany
4 is great saving bank. 1t Is true that their
working men are not so rich, on an average,
as our working men, because they don't ger
more than one quarter OF the wages of our
men. But German can save money and he
knows when it is safe. Now these shr-wd,
thrifty Germans ant our bonds. They want
them by millions. They turn aside fl ON the
great beggars of the world in Europe, and
come to us Republicans. They treat the
notes of Napoleon and Joseph ana Macmillan
with indifference but want to discount all the
American notes they can get. The LONDON
TIMES says this is all wrong-that the Repub
Iicans 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! We asked Pooh
RICHARD what he thought about it, "Why"
said he, show can they be crazy, when they
are doing Just what |. did d little more than a
year ago. when | put my little savings into
Government six per cents? Now see what
got by it; Just count up. have received six
per cent In gold, which averaged 100 per
cent. in currency; making IL per cent, income.
Now, to-day, my bond is saleble in the New
| York market at 10 per cent. premium. Put
these together, and to-day have % per cent.
1 for one years use of my money! What do
vou think of that? You know, as we'll as
do. that there are thousands of people who
did this, and today they have % per cent
| on their Investments. Why, | saw Miss Jones,
our sc hool mann, go to the bank and buy
$500 bond. How she got the money don't
know, but these Yankee schoolmistresses are
| frstrats hands at taking care of themselves.
Ai.o IL. L
bonds to-day she gets her $500 hack safe, and
she gets SllO clear gain. Can you sharp Eel
lows down there in William street to do any
! better? You know l told Mr.. Smith the
banker. my ideas about that, and he bought
SIS 600 six per cent. bonds, and you see he
| got 81 100 for years use of his money.
met him the other day, and he said, 81 Poor
Richard, you are right; begin to think, the
Government can take care of itself, and us
too. For my part, Imean to buy some Of the
! 7 SOS. The rate of 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, it is right on
the ceuntry's side too. Help your country,
or it can't help you. Now, say the Germans
are not only right, but they would be right
if theu got half that interest. They cannot
make auuarter of it at home" So thought
| Poor Richard and so think we. When we
think of the German opinion of our situation
and our financial st 'ength must remem-
ber that they are far better judges of our con-
dition than we are, or our enemies are. They
a,e lockers on, at a great distance. They
| have none of eur enmities or prejudices
| Theu can examine the facts 6isinterestedly.
They do, and the result is a verdict that the
| American Government is stable--its ability
| and integrity in meeting its financial engage
/ ments unquestionable. This verdict, teo, is
founded on series of facts which are unim-
| peachable, and well known to every intelligent
! American. Take two or three of the most
! Important: l. The United States double its
population each twenty-five gears. The pop
ulation of the country, which in 1850 was
twenty-three millions, will In 1875 be forty
six millions. Bat the rebellionl says some
one, How much has the rebellion diminished
the strength of the United Statesi Take this
astonishing fact, that if all the Rebel States
| had been sunk in the Pacific Ocean, the Uni
ted States would in 1876 have population
equal to that of the whole in 1850 In other
words, ffeeen years will supply the total loss
| of the eleven original Rebel Statesl What
can impede the progress of such countryi
2. The wealth of the country increased III
per cent. in ten years! Now let it increase
u but so from 1870 and it will amount to ter
times all the loans of the government. The
German knows what he is about. He will
get the largest income from loans in tn,
world, on the safest security. No such op
u portunity haa occurred before for the invest
ment of money, and in all probability viii
!, never occur again. II the American does ne
know and take advantage of this, the German
4 aud Frenchman will.-Ex. ea 87ia
November IL, 1854. -