New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1864-09-22
Poor Isieiier d's fseasoHs for buying United
Etaf@s Securities.

The other day We heard rich ncighbor soy ito had
rather have railroad stocks than the o. S. stocks,
Tor shey paid higher interest just then Poo> Rich
srd came up and said that he just bought some Of
Uncle Sans three year notes, paying seven and
three-tenths per cent interest. Ny rich friend ex-
claimed, q You thought you had no money to
buy with" Yes" said Richard, 81 had little
laid up for you know it is well to have something
laid up against a vet day. md have kent little
of my earnings by me-" Now Poor Richard Is
known 10 all the country round 10 be vcry prudent
nnd industrious, and withsi, wise man; for Richard
never learned anything be didn't know how 70 make
use Of and his wisdom and prudence had become a
SsoveIb So men he took out his savings and bought
she notes more than was surprised and II was 10
wonder rich Mr. Smith asked why. So Poor Richard,
fa vor, quiet humble wGy-for he never assumed
anvthipg-replied, al suppose, MI Smith, you
.nog a greet deal better than do what to do With
money. and how 70 invest; for never had much,
and ,u 7 20. T had 20 work hard for. But have
looked round good deal upon NY no,ghhors, and
seen what they did with their money and VIII toh
you some things saw ard what | thought oft.
One very rich man vas always dealing IL money,
and he made great deal, but was never satisfied
without high interest. So he lent most OF his money
20 some people who be thought were very rich, at
very high rate and he often told how much he got,
Ill one Day the people he lentto went to smash lie
got back about ten cents on dollar OF his money.
L knsw another old gentleman, who had some bank
stock and he went to the bank aud got ten pc cont
dividend. The President and everybody said It was
the best stock in the countIy-Paid ten per cent.
But whst did the old man DO bat seH bis stock the
acxt day Why wbyl said everybody. Because,
1t pays too much diridend. And in SIX months
the lank went 70 smash. Now, AGt / know
70 BE a fact. Well, NJ. Saith, jyou say railroad
.s,ocks are best, because they pay high dividends
Can you tell how long thcy viii pay them1 Ike
railroads. helped to build ono, and GO in for
useful things. But tel you what kao~ sJoui
than. One-third OF tho railroads don't pay ony
dsidend, and two-thir1s land some OF them er"cXeG
up TO, 10 moi pay as much rs Government stocks.
Nov shat brings me 70 the Government securities
and viii tell you why prefer them. / take 1t you
viii admit. Mr.. Smith, that in the long run
Tho investment which is bet should lave these
qualities: First, il should be perfectly 'cerre see
oudiy. tbs: She income shouid be n"to'@ amt per-
,uonlnt-not up one year and down the next and
tlrilY, that II SEOuiu DE H"F"et""ffj 80 "-'N' go
wet day comes, and you want your money, you can
net e 1.cry. And think these notes or bonds
h.vo got those qualities more than any other kind
Of personal property you can name. Tryit.
Eirst. then, / have been looking into that great
hook YOU call the Census Statistics. used to
think il wasn't worth much; but since began to
study il, tell you, found out good many things
verg useful for me TO know. found out, by look
Ing at tbc crops and the factoricsand shipping, &c.
chat VIC {. don't mean the Rebel States) are making
q thousand millions of dollars q year more than we
spend So sou see that Since the increase OF debt
isn't half that we growing rich instead OF poor
er, Us john Bull and the crcakers would have Us
think Then the debt will be paid, anyhow, no
matter how long the war is. Besides, did you ever
hear Of Government that broke before the people
.dd7 Look into your big histories. Mr. Smith, ana
you will find the people break before the Govern
mepts Well, then, call that stock perfectly
secure.
"secondly, you want the income uniform and
permanent Well, I want YOU TO take up list OF
banks. railroads mines, insurance COMPATIBILITY
thing YOU choose--and tell me lhonor bright, now j
how many have paid a Uniform income ior zen OK
twenty years. Not ore IL a hundred, MI onHth,
and 1oG kDowit