Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1864-09-22
Are the Germans Wrong In Want
ing our Bonds

ing our bonds
Not a bit of it No shrewder, thriftier
people, in matters OF money, exist on
earth. Our Jersey people and New Eng
land people are frugal, industrious
people, but they cau't save money like
the Germans. All Germany is Il great
savings bank. 1t is true that their |
working men are not so rich, on an aver |
age, as our working men, because they |
don't 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, thrifty Ger
mans 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
Macmillan with indifference, but want
to discount all the American notes they
can get. The London Times says this
is all wrong-that the Republicans in
America are all bankrupt, and the Ger
mans must be crazy to slight British and
French beegars, and 20 begging, them
selves, to America. Are they crazy? We
asked Poor Richard what he thought
about it. why" said he, chow can
they be crazy, when they are doisg just
what did little more than year ago,
when put my little savings into Gov
eminent six per cents2 Nowssee what
| got by it; just count up. have re-
ceived six per cent. in gold, which aver
{ aged 100 per cent. in currency, making
! II per cent. income. Now, to-day, my
bond is salable in the New York market
at 10 per cent. premium. Put these to-
gether, and to-day | have % per cent.
for one years use of my money What
do you think of that2 You know, as
well as l do, that there are thousands of
people VINO did this, and to-day they
| have % per cent. on their investments.
| Why saw Miss Jones, our school marin,
90 to the bank and buy $500 bond.-
How she got the money | don't know,
but these Yankee schOolmistresses are
firstrate hands at taking care of them
selves. Well, now count up. If Miss
| Jones sells her bonds to-day she gets her
$500 back safe, and she gets Sll0 clear
gain. Can you sharp fellows down
there in william street do any better
You know l told Mr.. Smith, the banker,
my ideas about that and he bought
he got 81, 100 for years use of his mo-
ney. | 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 1905, The
rate Of interest is high enough, and in
thre5 years they will turn into six per
cent hnnao @Sain.' Yes, Mr.. Smith, it
is right, on the money side; but it is
right on the co@ntry's side too. Help your
country, or it can't help you. Now, l
say the Germans are not only right, but
they would be right if they got half that
interest. They cannot make quarter
of 1t at home" So thought Poor Rich
ard and so think we. When we think
OF the German opinion of our situation
and our financial strength, we must re-
member that they are far better judges
of our condition than we are, or our enc
mics are, They are lockers on, at 8
great distance. They have none of our
enmities or prejudices. They can exam
inc the facts disinterestedly. They do ;
and the result is verdict that the
American Government is stable its ability
and integrity IN meeting its financial engage
nients unqusstionable. This verdict, too, is
founded on series of facts which are
unimpeachable, and well known to every
intelligent American. Take two or three
Of the most important l. The United
States doubles its population each TWEEN
ty-fve years. The population of the
country, which in 1850 was twenty-three
millions, will in 1875 be torty-sia s,Aions.
But the rebellion says some one How
mnch has the rebellion diminished the
trengtk Of the United States Take
This astonishing fact, that if all the
Rebel States had been sunk in the Paci-
ic Dee, N, the United States would in
| 1875 have q population eqHa! to that Of the
! whole in 1860. In other words, fifteen
nea,s will supply the total loss OF. the
eleven original Rebel States What can
| innede the progress Of such country
q The wealth of the country increased
| 127 per cent. in ten years Now let it
increase but so from 1860 to 1870 and it
! will amount to ten times all the loans
of the government. The German knows
what he is about He will get the largest
income from loans in the world, on the
safest security. No such opportunity has
occurred before for the investment of
| money, and in all probability will never
occur again. If the American does not
/ know and take advantage of this, the
| German and Frenchman will-Er.