The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1864-12-14
LANDS FOR THE IANDLESS
Homes for tIle Homeless!
1910 A cres
Are the Germans Wrong in
Wanting our Bonds?

Not bit of It'll No shrewder, thriftier peo
pie. in matters of money, exist en- earth Oul
Jersey people and New England people are a
frugal, industrious people, but they cant'r
save money like the Germans. All Germany
is a great saving bank. 1t IS true that their
working men not so rich, average.
as our working men, because they don't ger
more than one quarter of the wages of our
men, But German can save mouey, and he
knows W hen it is safe. Now these shrewd,
thrifty Germans want our bonds. They want
them by millions. They turn aside fiom 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 saws this is all wrong-that the Repub
licans in America are all bankrupt, and the
Germans must be crazy to slight British and
French beggars and go begging, themselves,
to America Are they crazy? We asked Poor
RICHARD what he thought about it. sWhyn
said he, show can they be crazy, when they
are doing Just what did little more than a
year ago, when put my little savings 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 IL per cent. income.
Now
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 we'll as l
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 man, go to the bank and buy
$500 bond. How she got the money don't
know, but these Yankee schoolmistresses are
6rstrate hands at 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 S1l0 clear gain. Can you sharp Eel
lows down there in William street to do any
bettera You know l told Mr.. Smith the
banker my ideas about that. and he bought
SIS 900 six per cent. bonds, and you see he
got ST. 100 for years use of his money. |
met him the other day, and he said, "Poor
Richard yau are right; begin to think, the |
Government can take care of itself, and us
too. For my part, mean to buy some of the |
7 3Os. The rate OF interest is high enough, |
and in three years they will turn into six per |
cont bonds again. eyes, Mr.. Smith, it is I
right. on the money side; but, it is right on
the country's side too. Help your country,
or it can't help you. Now, say the Germans
are not only right, but they would be right |
if they got half that interest They cannot |
ma ke quarter of it at home" So thought |
Poor Richard and so think we. When we |
think of the German opiui on of our situation |
and our financial st 'ength, we must remem- |
her that they are far better judges of our con-
dition than we are; or our enemies are. They |
are lockers on, at great distance They
have none of eur enmities prejudices. |
Theu can examine the facts eisinterestedly. |
They do, and the result is verdict that the |
American Government is stable-its ability !
and integrity in meeting its financial engage |
ments unquestionable. This verdict, teo, Is |
founded on a series of facts which are unim- |
peachable and well known to every intelligent
American. Take two or three of the most
important: l, The United States double its
population each twenty-five gears The pop
ulation of the country, which in 1880 was
twenty three millions, viii IN 1879 be torty-
six millions Bat the rebellioni says some
one. How much has the rebellion diminished
the strength of the United States? Take this
astonis hing fact that if all the Rebel States
had been sunk in the Pacific Ocean, the Oni-
ted States wonld in 1875 have population
equal to that of the whole in 1860 In other
words, ffeeen years will supply the total loss
of the eleven original Rebel Statesi What
can impede the progress of such country
2 The wealth of the country increased l27
per cent. in ten years! Now let it increase
but SO from 1870, and it wilt 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 op
portunity haa occurred before for the invest
ment of money, and in all probability will
never occur again. If the American does moi
know aud take advantage of this, the German
and Frenchman will.-EA,
{ November l6, 1854.