The Emporia news. [volume] (Emporia, Kan.) 1859-1881, 1864-09-10
From the New York Independent
Pooh RICHARDS REASONS FOR
BUYING u. s. SECURITIES.

ne Other uay we DeaEd Ficn beignoor |
say he had rather have railroad stock than
the United States stocks, for they paid high
er interest Just then Poor Richard came
up, and said that he had just bought some
of Uncle Sans three years notes, paying |
seven and three-tenths per cent. interest |
Ny rich friend exclaimed, "Youl 1 thought |
you had no money to buy with" EYES,"
said Richard, 81 bad little laid up. for |
you know it is well to have something laid /
up against wet day, and have kept lit
tie of my earnings by me-" Now Poor
Richard is known to all the country round |
to be very prudent and industrious and,
withal. wise man for Richard never learn
&c 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 bought the notes, more tn an
one was surprised. and it was no wcnder
rich Mr.. Smith asked why. So Pc,or Rich.
ard, in q very quiet, humble rlav-for he
never assumed anything-re, oiled 81 sup
pose, Mr.. Smith, you knc> " great deal bet
ter than do what to do with money, and
how TO invest; for I never had much. and
all l got had to work hard for. Bull
nave looked round good deal upon my
neighoors' and seen what they did with
their mo,.rey, and will tell you some things
L saw and what thought of it. One very
rictI man was always dealing in money, and
lie made great deal, but was never salts
fed without high interest. So he lent most
of his money to some people who be thought
very rich, at very high rate and be Oft
en- told how much he got, till one day the
people he lent to went to smash. He got
back about ten cents on dollar of his mon
ey. l know another old gentleman, who
had some bank stock, and he went to the
bank and got ten per cent. dividend. The
President and everybody said it was the
best stock in the country-paid ten per cent.
But what did the old man do but sell his
stock the next day Why ? why? said
rybody. Because it pays too mach die.
idend. And in six months the bank went
to smash. Now, that know to be fact.
Well, Mr.. Smith, you say railroad stocks
are best, because they pay high dividends ?
Can you tell how long they will pay them
l like railroads. 1 helped to build one, and
l go in for useful things. But tell you
what l knot0 about them. Oue-thrd of the
railroads don't pay any dividend, and two
thirds land some of them cracked up, too)
do not pay as much as Government stocks.
Now that brings me to the Government Sc
curties and l will tell you why prefer
them. take it you will admit, Mr.. Smith,
that in the long run the investment which
is best should have these qualities First,
it should be perfectly Secure }. secondly, that
the income should be uniform and pernaG-
nent-not up one year and down the next /;
and, thirdly that it should be marketable,
so when your wet day comes, and you want
your money, you can get it back. And l
think these notes or bonds have got these
) qualities more than any other kind of per-
i sonal property you can name, Try it.
First, then, have been looking into
that great book you call the Census Statis-
tics. fused to think it wasn't worth much
: but since began to study it, tell you,
found out good many things very useful
for me to know. found out, by looking
at the crops, and the factories, and shipping.
etc.. that We Il don't mean the rebel States J
are making thousand millions Of dollars a
year more than we spend. So you see that
(since the increase of debt isn't half that
T. we are growing rich instead of poorer, as
John Bull and the croakers would have US
think. Then the debt will be paid, any
now, no matter how long the war is. Be.
sides, did you ever hear of a government
that broke before the people did ? Loob
n into your big histories, Mr.. Smith, and you
will find the people break before the gov.
- ernments. Well, then, call that stock
perfectly Secure.
Secondly, you want the income uniform
and permanent. Well, l want you to take
or up list of banks, railroads, mines, ius ur
st ance mpsnies-anything you choose
and tell me (honor bright, now J how ma
ny have paid uniform income for ten o.
twenty years. Not one 10 a hundred, Mr.
Smith and you know it.
II Now here is the Government will pal
n n; you without varying a title Now ik'
II something that gives me my income every
year.
- Thirdly, you want something which il
marketable any day in the year. Now,
Z you will ask any bank president, be will tel
you that Government stocks are the Onl
kind of property that is always saleable
in because they will sell anywhere in tn
Id world.
p, "Now, Mr.. Smith. this is why put m,
I'D little savingsin Government stocks. con
81 fess, too, that wanted to help that dea
% old country, which is my home and M
= country" al confess said Mr.. Smith
II hadn't thought of all this. There is
good deal of sense IN what you say, and
at will 60 so far as to put two or three thou
Is sand dollars in United States stocks.
can do no harm"
We left Mr.. Smith going toward tie bank
G and Poor Richard returning home, wit
that calm and placid air which Indicate
the serenity OF his disposition. and the con
re seious2ess OF doing right toward his coun
try and his fellow man.
- -~-S----
Il = h. SSaara'S of fha kettle
in which the muis meat vas cooked q
U;.ksb,r,. b.,. $500 Cad orSWinO