The Jeffersonian Democrat. [volume] (Chardon, Ohio) 1854-1865, 1864-10-07
Are the Germans Wrong in Wanting
our Bonds1 -

Not a 5it o! itl No shrcwder, thriftier
people. In matters of money, exist on earth
Our Jersey people andeNsw England peopl,
arc frugal industrious people, but they
can't save money like tho Germans. All
Germany is a great savings bank. 1t is true
that thoir working mon arc mot 30 rich, on
an average. rs our working men, because
thoy don't get more than one quarter OF the
wages of our men. But German can save
money, and ho knows when it is safe. Now
these, sbrewd thrifty Germans want ou,
bonds. They waot them by millions The,
turn aside from the great beggars OF the
world in Europe, and come 10 us Republi
cans. They treat tho notes nj Napoleon
and Joseph and Maxamiiian with ind, ,fer.
cnce, but want to discount all the American n
notes they can get. The London Times
| says this is all wrOng--that tho Republicans
in America are alt bankrupt. and tho Ger
mans must bo crazy to slight British and
French beggsrs. and go begging. themseives
| to America. Are they crazy? We asked
Poor Richard what he ,hoaeht about il -
why" said he. "how can thoy DO crazy.
when thoy are doing just what l did a little
NOR o than year ago, when / put my little
savings into Government six per cents:
Now soe whatl got tor it, jnst count up -.
| have received SIX per cont. in gold, which
averaged 100 per cent, in currency. making
| IL, per cent. income. sNow, to-day, my
bond is salable in New York market at 10
per cent. premium. Put these together.
and to-day have % per cent. for one years
use of nv noney! What do you think OF
that: You know. as well as do. that there
are thousands OF people who did this. and
to- day thev hare % per cent, on thcir in.
vestmenta Why. l saw Miss Jones. our
school. man. go to ,ba bank aud buy $500
bond. How she got the money l don'i
know, but thesoi Yankee schooimisiresses
are firsirsto hands at taking caro- of them-
selves. Well, now. count up. II Miss Jones'
ssiis her bonds 10 day che, gets her $500
back safe. and she gets allO clear gain. -
Can you sharp fellows down there in Viii
liam street do any better: You know
told MIR. Smith. tho banker. my ideas about
that, and he bought S5 900 six per cont.
bonds and you SEQ no got III 100 tor years
and hc said, Poor Richard, you are right:
begin TO think the Gvvsrnment can take
care OF itself, and us too. F,r my part, !
mean to buy somo Of the 1905. The rate
of intores: is high enough. aud in three sars
they will turn into six ,per 9 mt bonds again.
Yes. MIR. Smith " 10 right, on tho money
side; but, i'll right on The copairys side too
Help your country, or it cant nolp you -
Now, l say the Germans are not only right,
but they would be right If they got half that
interest. They caunOt make a quarter, OF
it at hOme. So thought Poor Richard. and
so think We. When w0 think OF tho Ger.
man opinion of our situation and our fnan.
cial strength, We must remember that they
ara far better judges of our condition than
we or our enemies are. Thoy are lockers on
at q great distance. They have none of our
enmities or prcjudices. They can examioc
tho facts disinterested!y. They do; and the
rosult is u verdict that tho American Gov
erDment is stable--iis ability and mifsritJ
IN meeting its financial engagements unqnes.
fiondbte. This verdict,to Is founded on q
, serios 0. facts which are unimpeaobabIe,an and
veil knowu to every intsligent American.
Take two or three Of the most important
: l, The Uuited States doubles its population
each twenty Ave years. The popu ulation ,oi
the country. which in 1850 was t,ceaty.itre.
millioas, will 10 1875 DO forty sir miliions -
: But the rebellioDl says some OHe. How
much has the rebellion diminished thG
. strength of the United States: Take this
astonishing fact, that il all the Rebel Ststet
had been sunk in the Pacific Ocean. the
Uaited States would in 1875 have popu
tauou fq"ot ~ shdtsy Mf tehoN W iouo =
: In other words, Eileen years viii supply th.
total lose Of the original Rebel States
What can 'mpedo the progress Of such q
country: 2. The wealth of the coun,r,
, increased ] 81 per cent. in ten years! Nov
let Is Increase but so from 1860 to l870.ane
il will amount TO ten times all the loans O.
the government. The German knows wha
P he is about. He viii got the largest mtO
from loans In the world. on the So fest sc
curity No suci, opportunity has occu rret
: before for the Investment OF money, and il
r all probability will never occur again. !
= the American does not know and take ad
vantage Of this. the German and French
man will.--Er. ...a. ..r .u ...