Mineral Point weekly tribune. (Mineral Point, Wis.) 1859-1868, 1864-10-05
Wrong in
Ar Bonds /.

our WOTklIl0 Iltll, bS1du11 diIS ttOIi l
get more than one quarter of the
wages of our men. But German
can save money, and he knows when
it is safe. Now these shrewd. thrift
ty 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. They treat the notes
Of Napoleon and Joseph and Maxi
MILAN with indifference, but want
to discount all the American notes
they can get The London Times
saws this is all wrong that the Re
publicans in America are all bank
rupt. and the Germans must be era
" to slight British and French beg
gars, and 90 begging, themselves,
to America 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 little more than
year ago, when | put my little saw
ings 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 II
percent income. Now, to-day, my
bond is salable in the New York
market at 10 per cent. premium,
Put these together, and to-day |
have % per cent for one years use
of my money. What do YOU think
of that You know, as well as | do,
that there are thousands of people
who did this, and to-day they have -
per cent. on their investments Why
| saw Miss Jones. our school-mam.
90 to the bank and buy $500 bond.
How she got the money | don't
know, but these ! Yankee schooImis-
tresses are tirstrate hands 1T taking
care OF themselves. Well, now.
count up. If Miss Jones sells her
bonds to-day she gets her $500 back
safe. and she gets $40 clear gain.
Can you sharp fellows down there
in William street do any better
You know | told Mr. Smith, the
banker, my ideas about that. and
he bought 50, 900 six percent. bonds.
and YOU see he got S1,10O for a
wears use of his money. | met
him the other day. and he said.
Poor Richard, YOU are right; | be-
gin to think, the Government can
take care Of itself, and Us too. For
my part, | mean to buy some Of the
7.3o's.. The rate Of interest is high
enough, and in three years they viii
turn into six per cent. bonds again.
Yes, Mr.. Smith, IS right, on the
money side; but, it is right on the
country's side too Help vom coun-
try, or it cant help you. Now | say
the Germans are not only right, but
they would be right if they got half
that interest They cannot make a
quarter Of it at home" So thought
Poor Richard, and 80 think we.
When we think OF the German opin-
ion of our situation and financial
strength, we must remember that
they are far better Judges than we
are, OF our enemies are. They are
lockers on, ut a great distance They
have none of orr cnmities or prciu-
dicies. They can examine the facts
disintereStedly. They do: and the
result is verdict that the American
Government Is stable-its ability
and integrity in meeting its finan-
clal engagements UNREASONABLE.
This verdict, too, i founded on Il
series Of facts which are nimpeach-
able. and we'll known To cvervintelii-
gent American Take two or three
of the most important: /. The Uni
ted States doubles its population
each twenty-five years. The popu-
lation of the country. which in 1880
was tweny-three millions, will in
1875 be forty-siX millions. But the
rebellion, saws some one. How
much has the rebellion diminished |
the strength of the United States |
Take this astonishing fact. that ifaIl |
the Rebel States hal been sunk in |
the Pacific Ocean. the United /
States would in 1875 have 4 popu- /
lation equal f. that Of the whole in |
1860. In other words, fifteen years
will supply the total loss ofthe eleven
original Rebel States, What can
impede the progress of such coun-
try ? The wealth of the country
increased 121 per cent in ten wears,
Now let it increase but 81 from 1860 |
to 1870, and it will amount to ten
times all the loans Of the govern
ment. The German knows what
he is about. He will get the largest
income from loans in the world, on
the safest security. No such oppor-
tunity has occurred before for the in
vestment Of money, and in all prob
ability will never occur again. #
the American does not know and
take advantage Of this, the German .
and Frenchman viii. -Ex.
l.