The Democratic press. (Eaton, Preble County, Ohio) 1860-1865, 1864-09-08
POOR RICHARDS REASONS FOR
BUYING UNITED STATES
NE0tIpITIES

, q .'s.f |T 49, HNEL .
|, BE0URITIES.
The other day we heard a r,ch neighbc
say be had rather have railrOad stt cks tina
III. US stocks, for they paid higher interes
Just thea poor Richard came up and sal
he had just bought sothe Of Uncle Sam
: Sree years notes. paying, seven and thre,
IT,. rner rent interest .Mytich frieb
tenthsi "Youi thought you bad n
exclaimed G!u9th," Yes. said KirbarC
money to buy VII ai for you know it
II had a littlelaid up, .,i,;d d., suainst
we'll to have something las "a bv m.
wet DAY; and | havekeptoa litt', II. soui
Now Poor Rich ard is known to all the =
try round 10 be q very prudent and lndust.
GUS, and withal, wise man; for Richard new
er learned anything he ydidpt know how TO
make use Of, Apd bis wisdom aud prudence
had become q provorb. So, when he d9ok
out his savings and bought the notes, woFe
than one was surprised, and it was no won
der rich Mr.. Smith asked why. So Poor
+Richaid in q very quiet humble way--f"r he
never 4 stunned anything--Feplied, y sppz
gpse, Mr.. S&itth,' you kpoSa crest dyeal bet
ter than T.,dp what 70 do Biih money, apd
how to ,ayest; fSr ! RsEsr bad much, and
alt {g8t bad to work hard for. put !
dave looked rQquRRSS ? good ,SeGf1I upon ny
ncighbSrs;'and seen what they I'D With Their
money and will tell yoa some things l saw
'shd'VhatT thought Of il. One very rich
man was always dealing in money, and he
made 4 greatly deal, but was never satisfied
without high interest: So he Ieppt most Of
hip Money to some people yhQ be thought
we're ve;y rich, q 2 very hfgh fase; iAnd he
ofteP tqid hoy &dt44 he 81, w one day the
people he lent to went y smash. H. got
hack about ten cents on q dollar Of IBIS non
Fey. Ikuow another old gsHllemsn'S ho had
some bask stock and hp yentiO the bsnk
and got ten per cent, dividesd" The Pres:
issa, and Everybody said It vas The Fest
stock ipthe. Sa%aRFy-Pail NR per s,pt,
But whst'did the old man do hlt sEfl'out 9pis
stock the next day Why ? why 2 said every
body Because, itpays too much diUidend'
And insix months the bank went to smash.
Now, TINT Jknow II, be p fact, Well, @r.
Smith, you say railroad stocks kre best, be-
cause they pay high dividends ? Can you
tell how long they will pay them9 like
railroads! helped to build one, and l got
in FOR useful things. But I tei You what l
RnoW abbdt them. Onethird of tie rail.
roads don't pag any dividend, and two thirds
(and sore Of them cracked up to6) do not
pay as much as Government stocks. Now
that brings me to The GoverimfaiGit %securri-
ties, and I will tell ycu why I prefer then.
I tale it you will admit Mr. Smith, that in
the long run the investment Which is best
should have these qualities; FiFsl,' it should
be pttteety secure; secondly, that tie in
come should be uniform and permapeat-
not up one year and down the next; and
thirdly, that it should BE marketable, SO
when yong get Day coaes, and you want
your money, 7on can get j. back. And I
think these notes or bonds have rot these
qualities more than any other kind
# personal pFoPerty soq esR name.
Try:t. "'
"First. then, have been looking into
that great book you call the Lsu6qs Sta.
+tisties. used to think it wasn't worth
upehi hat SINCE began to stnuy it | tell
you. ] found out a good many thiFgs1 veay
useful for me, to know. l found ont, by
looking at The crops, aud the faptories and
shipping, &c, that we Il don't uean the
Rebel Slstss)are maxim q thosaId MILLIONS
of dollars a year Sore'thGh we speHd. So
yoq see that(since the increase Of debt isn't
half that)we are growing rich cnstoad of
poorer, as John Bull and the croakers you'll
have us think Then the debt vii; be paid,
anyhow, no matter how long the war is.
Besides did y9q ever hear Of a Government
that broke before the people did, Look in:
to your big histories, Mr.. Smith, and YOU
will find the people break before the Govern
me uts Well, then, l call that stock perfect
iy sccure.i' @
d: Secondly, you want the income UNIFORM
AMP FrRMASrFF!!' Well, I want 3iooP TO take
mp a list Of banks, railroads, mines, insur.
ance companies-snytliug you ~chose-and
teIl ms(hOnor bright now Ilhdk many havs
paid q. yEIFoBH income for ten Of twenty
years. Not Ope ig''s hundred" Nj. Smith,
and yOg know il. = 'T'" M
. Nov here ii the Government will pap
you without varying a title: "NotI iike
sdnethingrhat gives he'my inc6he every
year. /" = "
. Thirdly, yOu want scmeihinS which is
MARKETABLE Any day in the year. Nov, If
yoa will Ssk any bank President he will
tell you that G6vERSAsSr STOCKS ARE rHs
ONLY KiEb Of PRoPRhrY TuAr IS ALWAYS
.siLEASIE, becausuihcy will. sell anyrhere in
in he ttOrld.
Now, Mr.. Smith, this is ~hy put my lit.