Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1864-09-08
Poor Richards Reasons for Buying
United States Securities.

DOT Sdj lC Hdb l"ChCA nav = an Oe'N u
stocks than the [. S. stocks, for they
), paid higher interest. Just then Poor
Richard came up, and said that he had
lust bought some of Uncle Sans three
years notes, paying seven and three
tcnths per cent. interest. My rich
friend exclaimed, "Yon! I thought
you had no money to buy with. y
Yes" said Richard, u had little
: laid up, for You know it is we'll to have
something laid up against wet day,
and l have kept a little Of my earn
ings by me-" Now Poor Richard IS
known to all the country round to be
very prudent and industrious, and
withaI, wise man; for Richard never
learned anything he didn't know how
to make use of, and his wisdom and
prudence had become proverb. So,
when he took out his savings and bot
the notes, more than one was surpris-
ed, and it was no wonder rich Mr..
Smith asked why. So Poor Richard,
in very quiet, humble way-for he
never assumed anything-replied, Il
Isupposc, Mr.. Smith, you know great
deal better than | do what to do with
money, and how to invest; for [ ney-
er had much, AMI all I got [ had to
work for. But | have looked round q
good deal upon my nei9hbors, and
seen what they did with their money,
and I will tell you some things I saw
aud what l thought Of it. One very
rich man was always dealing in mon
ey, and he made a great deal, but was
never satisfied without high interest.
! So he lent most Of his money to some
people who he thought were very rich,
at very high rate and he often told
how much he got, till one day the peo-
| pie he lent to went to smash. lie got
back about ten cents on dollar Of his
money. | know another old gentle
man, who had some bank stock and
he went to the bank and cot ten per
cent. dividend. The President and
ryorybo1v said i v,os tho hnst s+onl,
in the connf,.r--r,;d tom no@. oon+
nnt ,,3at Iif thh nI.} n,.,,. ~ hnt aoU
! I,is 'storI, t,a ,rxf da,.t | VIZ yv5,ys
sa;j avnryho5y P"caosa = ~ bar, = i5o
,Huch d'rjdc,}d. and in six months
| the bank went to smash. Now, that
7 know +, hn . f,nt Tvnu 1Tr Sro;lb
Won s9v raiproa9 Stocks ora basf he,
cause ihcy Dav Liqk dividends Can
Won tell how lono thew will nav then2
+ Ike railroads, 7 Lonrl to hn;l1
one. and ro in for uSelni dimes
i Bat tell Won what E.s,o,o abou+ i5em.
IOne-,hir.i Of tbs railroads don,t INV
I10y dividend and two-tLirds land
son,o of tbpm cra.l,nI mn too \ DO NOT
my rs much as Goycrnmont stocks
Now that hri1as mo tn thn Gnvor,.
mont securities and ,r;r tnn van rh,
7 prefer them 7 take # Won viii ai.
NIT, Mr., Smith. that in fine Ion9 rln
the investment which is Llst sIon}I
have those Qualities. First i Should
: be ;,ry5frfIy seeurl. secondly that thc
income should be ql0;5;2r,n G0,T 2,o,.-
,ou,,o,3t-nof I'M ana year AMI dov,n
the newt. and tbirllIy tbat + sLo,I1
hn so1yZlfa5Ig 50 whan vnnr wei daE,
comes and Won want yonr money yo,
can oct it back Aha 7 think fhese
notes or bonds have cot these quail,
ties more than anv ether kind of ner-
sonaI propcrtv Won can name Trr i
<,First, fbe3. 7 have haon looicino
into thai Great boot Won ca1I the Cpn-
sns Staf;SI;rs nsnd 70 tI;nl, i Vas
mot worth m1ch. hnt since 7 hoaan fo
study i T foil Won 7 fonnd ont > GOOD
many tI,inos yorv useful for me 70
know i2und ont bv ,onlinn at tbe
crnns apd the factories and s5;nnino
&c. That we q don't mean the Rebel
StafosI % naE;ng = honsand n,iI];ons
i,f IoIlors VOC I,oro thon wa snnnd
50 vo,, 500 that ls;nce The incraaSe 81
! do);t ;sn,t half tSaN we ara orowino .
% ,4;.I in~toaJ m | of ,,ooror 90 Io7n Ri
ana rr7' tho crna,,rrs wonI5 bovo rs tbin1l
NJ 'aI ~, Seht iii NV l|n ,lo;J a2,.ha
lieil IIo oIot IL W P'''u' ':LiS no" =,
no 'l'''s:ei =: nv" 10y ,ie a ~ . o
Sl"SS' HI,' oH e,e' Ie'SI oi d oo' :: :: - -
menu 'naI oIohe ~ oo5cEe Ine Peoi,1e Gt4' 1(
Eooh l.''o your !is 91s III I'1StGI1Vs' 81 ~ ~
' 9nlth' ana 20" WIN I,'t nHo 'ne PyoPie TE2 ~
oFeaN oelUfG 3 elie oor eIll,reI1S " ell
'htn' c''I5 ~, l'i'' S'o'N pot) tt'Sg SSo',I q