North Branch democrat. [volume] (Tunkhannock, Pa.) 1854-1867, 1864-09-14
Poor Richards Il easons for Buying United
States Securities,

the o. S. ct ocks, for they paid higher inter
est. just then Pour Ric hare. came up, and
sai6 that he just bought some Of Uncle Sans
three years notes, paying seven and three
tenths per cent interest. My rich friend
exclaimed, "You! thought you had no
money to buy with" Yes" SAID Richard,
Il had liitIe laid up for you know it is
well to have something laid up against q
wet cay, and have kept li,t!e Of my earn
ihgs by me.n Nov Poor Richard is known
to all the country round 10 be a very Pru
dept, industrious, and withal, wise man, for
Richard never learned anything he didn't
know how to make 90 OF. AMI his wisdom
and prudence had become a proysrb. s.,
" hen he took nut hs savings aad bought the
notes, more lhan one was surprised, snl it
was ne wonder rich Mr.. Smith asked why
So Poor Richard. in a very quiet humble
way-tor he never assumed anything-re.
piled, II suppose, Mr.. Smith, you know
great deal better than do what TO do with
money, and how to invest for | never had
much, and ali got had TO wJrk hard for.
But have looked round g)td deal upon
my neighbours, and seen what ihey did with
saw and wnal thought OF it. Ode very
rich man was always dealius in IN oney, and
lie made great DEAL bat was never satisfied
without high interest. So he lent most Of
his mouey tt some people who he though
were Very rich at very high rate; and he
often told how much he got till one day the
people he lent tc went - smash. le got
back about ten cents On dollar OF hb NOS
ey. know another old gentleman, who hal
some bank stock and he went to the bank
and got ten per ceqt, dividend, The Presi-
dent aud every body said it vas the best
stock in the country-paid ten Pr cent
But what did the old man but sell his stock
the next day! Why :? why2 sad every
body. Because, II pays 10 much d'H'dend
And IN six months the bank went To smash.
Row, that know 20 be a fact. Well, Mr..
Smith, you say railroad stocks are best, be-
cause they pay high dividends Can y,u
tell how tong they wit pay them Ike
railroads, helped to build one, and | g. IN
tor nse.uI thrngs. But tell you what
knop about them. Que third Of III e raj
road, dom pay any dIvldemds,an two third
(AI,d some OF them cracked up, too,) not
..ay as much as Government stocks. M"
hat brings me t. the Governments securities,
and Will tell yuu why prefer them.
AXE II you wiil adult, M. Smith. that in
he long run the Investment which Is 6eSi
,r"ul1 have these qualities: tlrst, Ii should
.,e pertecHy secure: secondly, lhst IAc in
r1,ur snolid be unit,rm and peTmGaent-
O, up one yrar and down The next; and
lIrdiy. .'ial .l't , NJ aefd6!s. 80
when your wei day comes, and YOU want
our money, you can get II bsck. Aud /
hlnk hese notes or bonds have got thrsr
qualltes more than any other kind Of person
a property you can name. Try It,
FIRST. then, nave b4en looking into thar
great book ycu call the Census Statistics.
used to think it wasn't worth much but
since began to study it, tell you, found
.ut good many things very useful for ME TO
Nuow. found out, by looking at the crops,
and the factories and shipping, &c. that We
{. don't mean ,he Rebel States) are making
thousand mIiIors IF GoI iaIf year mote
than We spend. So YOU Sc that Eve are
growing RICH instead of p"orr, as john Rail
and the croakers would have US think. Then
lie debt VIII be paid, anyhow, no matter
now long the war is. Besides, did y"u ever
near OF Cover ,ment that broke befJro the
,eupIe did L ,ok into your big histories
VI. Smith, al you will All the people
break before tue governments. Well. then
It's pe'tect!y secure.
Secondly, you want the INCOME uniform
n d permanent. Well, | want vou to r.tc
upa list Of banks, railroads mine, insurance
compSnes-anyhiag :ou choose-snd tell
me (honor bright. now y how wanv have
pa'd "'ntoTm income for ten or twenty
y@+rs. not one in hundred, Mr., Smith.
and you know il. ..
Now here is the Government will pay
you without varying tittle. Now l like
something that gives me my income every
year.
" Thirdly, you want something which is
marketable any day in the year. Now, If
You will ask my bank Presi dent, he will tell
you that Government stocks are The onlu
Kind Of property that is atpays saldble be ,
cause they will sell dnyarhere in the lro,M
=" Now, Mr. Smith, this is arhy put my
savings in Government stocks | confess,
oo,that wanted to help that dear old coun
NY, watch is my home and my country" ="
Il Confess" asd Mr.. Smith, e" hadn't
thought of ali this. There is good deal Of
sense in what you say. and will 20 SO f2s
as [ o nut two or three rhuusan1 hplars in