The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1864-10-20

were proved to be innocent; the former ones
could not be traced; and to this day, no one
knows who the very dark horse was that
actually carried off the plate. ....
Poor Richards Reasons for Buying United
/ States Securities.
The other day we heard rich neighbor
say he had rather have railroad stocks than
the U. S. stocks, for they paid higher in
terest just then Poor Richard came up
and said that he jest bought sonic of Uncle
Sans three years notes, paying seven and
three-tenths per cent. interest. My rich
friend exclaimed, "You | thought you
had no money to buy with" Eyes" said
Richard, II had little laid up, for you know
it is we'll to have something laid up against
a wet day, and have kept little of my
earnings by me-" Now Poor Richard is
known to all the country round, to be a very
prudent and Industrious, and Withal, wise
man; for nIchard never learned anything
he didn't know how to make use Of and
his wisdom and prudence had become pro-
verb So, when he took out his savings
and bought the notes, more than one was
surprised, and it was no wonder rich Nit.
Smith asked why. So Poor Richard, in a
very quiet humble way-for he never as
stunned anything-replied, 81 suppose, Mr.,
Smith, you know a great deal better than /
do what to do with money, and how to in
vest for never had much, and all got
| had TO work for. But have looked round
a good deal upon my neighbors, and Gcen
what they did with their money and viii
| tell you some things saw and what thought
of it. One very rich man was always deal
ing III money, and he made a great deal,
but was never satisfied without high inter
est. So he lent most of his money to some
people who he thought were very rich, at a
very high rate and he often told how
much lie got, till one day the people he lent
to- went to smash lie got back about ten
cents Oh a dollar OF his money. know
another old gentleman, who had some bank
stock, ard he went to the bank and got ten
per cent. dividend. The President and every
body SAID il " 90 the best stock in the coun-
try-paid ten per cent But what did the
OF d man 10 bat sell his stock the next day
Why why said everybody. Because, it
p oslo asucb d,g.a.Hg. and in six months
the bank went to smash. Now, that know
to be fact Well, AIR. Smith, you say rail-
road stocks are best, because they pay high
dividends? Can you tell how long they will
pay them? | like railroads. | helped to
build one and go III for useful things. But
| tell you what | kH0ar about Them One
third of the railroads don pay any dividend,
and two thirds land some of them cracked
up too,) do not pay as much as Govern
ment stocks Now that brings ME to the
Government securities, and | will tell YOU
why prefer them. take it you will adj
nit, 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 permanent-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 | think these notes or bonds |
have got these qualities more than any 9TH |
er kind of personal property you can nanRe
Try it.
First, then, have been looking into |
that great book you call the Census Stats |
tics. | used 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, |
&c, that we q don't mean the Rebel States |
are making a thousand millions of dollars a |
year more than we spend So you see that |
(since the increase of debt isn't half that we |
are growing rich instead of poorer, as John
Bull and the croakers would have US think |
Then the debt will be paid, anyhow, no mat
ter how long the war is. Besides, did you !
ever hear Of Government that broke before |
the people did p? Look into your big histo-
ries, Mi Smith, and you will find the peo-
pie break before the Governments. Well, |
then call that stock perfectly secure.
Secondly you want the income uniform
and permanent. Well, want you to take
up list of banks, railroads, mines, insurance
ything You choose-and tell
me (honOr bright, nowD how many have
paid a uniform income for ten or twenty
years. Not one i'll a hundred, Mr. Smith,
and you know it.
"Now here is the Government will pay
you without varying Il title Now like
something that gives me my income every
year.
"Thirdly, you want something which is
any day in the year. Now, il
you will ask any bank President, he will
tell you that Government stocks are the on
ly kind of property that is always saleable,
because they will sell anywhere in the world.
ANON3 WI A'liiAlls Ltlo 10 WY pOS my
little savings in Government stocks. con
fess, too that wanted to help that dear old
country, which is my home and my coun-
try" II confess aaid Mr.. Smith, 81 hadn't
thought of ali this There is good deal of
sense in what You say, and 1 will go 80 far
as to put two d Chrce thousand dollars in
United States stocks. II can do no HARM"
We left 3Ir. Smith going towards the
bank, and Poor Richard returning home,
with that calm aud placid air which indicat
ed the serenity q lis disposition and the
consciousncss of doing right towards his
and his fellow uan. 4
- -
The PoLITICs OF AMERICAN SCHOLARS. -
The four great American historians, Motley,
Bancroft, Hiidreth and Kirke, are advocates
Of the reelection of Abraham Lincoln. All I,
the distinguished poets Of our country, Long
fellow, Bryant, Whittier, Holmes, Lowell,
Bayard Taylor, Stedman and Boxer, are 7,
earnestly engaged on the same side The I;
most eminent scholars. such as Emerson, h
Marsh, Everett, George William Curtis, Lie
Der and Sparks all give the weight of their
great influence to the party of the Union
and of liberty. In short, whatever is Of re-
aown in the literature and science OF America
is thoroughly patritic, and at this turning
point in our history is happily ranged where
it will best serve the interests Of the nation