Sioux City register. [volume] (Sioux City, Iowa) 1858-1871, 1864-09-24
Poor E6 FG's Reasons for Buying
Uriytd States Securities.

interest. Just then poor Richard came
up and said that he Just bought some Of
Uncle Sans three years notes, payin g
seven and three.tenths per cent interest.
! Ny rich friend exclaimed, "You!
thought yon had no money to buy with
Yes said Richard, j" had little laid
up, for you know it is well to have some
thing laid up agaius. wet day, and I
have kept little Of my earnings ~ me-
Now poor Richard is known to all the
country round to be a very prudent and
industrious, and wiihal, wise man; for
Richard never learned anything he ddn t
know how to make use of, and his wisdom
and prudence had become provcrb. So,
when be took out his savings and bought
tho notes, mere than one vas surprised,
and it was no wonder rich Mr. Smith
asked why. So poor Richard, in a very
quiet and hnmble way-for he never as>
son1ed anything g-replied, 81 suppose, Mr.
Smith, you know y great deal better than
| do what to do with money, and how TO
invest; for never bad much, and ell
got had to work hard for. But have
looked round a good deal upon my neigh
bors, and seen wha: they did With their
money and will tell you some things |
saw aud what thought Of it. One vcrr
rich man was always dealing in money,
and he made q great deal, bu. was neye.
satisfied without high interest. SO he len.
most OF his money to some people who he
thought were very rich, at very high
rate; and he often told how much he got,
TILL one day the people he lent to wen, to
smash. He got Back about ten cents on
a dollar of his money. l know another
old gentleman, who had some bank stock
ard he went to the bank and got ten per
cent. dividend The President and ever.
body said it was the best stock in the
country-Qaia ten per cent. But what dii
the old man do but sell his stock the next
day! Why? why? said everybody. Be-
cause, it pays too much dtri,len9. And in
six months the bank went to smash Now,
Aat | know 70 be fact. Well, Mr.. Smith,
you sayrailroad stocks are best, because
they pay high d'viaends? Can you tell
how long they will pay them7 Hike rail.
roads. I helped to build one, ana 60 in
for useful things. But tell yon what
k,,o,c about them. One third of the rnil.
roads don't pay cny dividend. and two.
thirds (and some of them cracked up. too,)
do not pay rs much as Governmen. stocks.
Now that brings me to the Government
securities, and | will tell you WHY prefer
them. lake it you will admit, Mr. Smith.
thatsin the long run the investment which
IS 6est should have these qualities: First,
it should be perfectly secure; secondly,
that the income should be uniform and
permancmt--not up one year and down the
next; and thirdly, tha: itshould be market,
able, soswhen your wet day comes, and
you want your money, you can getit back.
And think these notes Or bonds have get
these qualities more than any other kind
of personal property you can name. Try it.
FIRST then, have been looking into
that great book you call the Census Stats.
tics fused to think it wasn't worth much /;
but since began to study it, I tell YOU,
I found out good many things very use
ful for me to know. | found ont, BY look
ing at the crops, and the factories. and
shipping, &c, that we & don't mean the
Rebel States) are making thousand. mill
lions Of dollars year more than We spena.
So yon see that (since the increase of deht
isn't half that) we are growing saca Ii.
stead Of poorer, as John Bull and The
eroakers would have us think. Then the
debt will be paid, nyhow, no matter how
long the war is. Besides, did you Ever
hear of Government that broke before
the people did? Look into your big histo
ries, Mr.. Smith, and you will find the peo
pie break before the Governments. Well
then, call the stock perfectly secure.
Secondly, vou want the income uai-
form and permanent. Well, want you
to take up list of banks, railroads, mines,
insurance companies, anything you choose,
and tell me (honor bright, now how
many have paid a uniform income for ten
or twenty years. Not ore in a hundred,
Mr.. Smith, aud you know it. <.,
Now here is the Government will pay
you without varying title. Now | like
something tha. gives me myineoms every
year.
Thirdly, you want something which is
marketable every day in the year. Now,