East Saginaw courier. (East Saginaw, Mich.) 1859-18??, 1864-10-12
Are the Germans Wrong In Wanting
our Boudsp


our BoudsP
Not a bit of it! No shrewder,
thriftier people in matters Of money
exist on tho earth. Our Jersey peo-
pie and New England people are q
frugal, industrious people, but they
cant save money like the Germans.
All Germany is a great savings bank.
1t is true their working men are not
so rich, on the average as our working
mon, because they don't got more than
one-quarter Of the wages of our men.
But German can save money, and
he knows when it is safe. Now these
shrewd, thrifty Germans want our
Bonds. They want them by millions
They turn aside from the great beg
CARS of the world in Europe, and come
to us Republicans. They treat tho
notes Of Napoleon and Joseph and
Maximilan with indifference, but want
to discount oil the American notes
they can get. The London Times says
this is oil wrong-that 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. "Why," says he, show
could they be crazy, when they are
doing just what I did little more
than year ago, when ! put my little
savings into Government six per cents
Now see what got by it, just count
up. l have received six per cent in
gold, which averaged 100 per cent in
currency, making IL per cent. income.
Now, to-day, my bond is salable in
the New York market at 10 per cent
premium. Put these together and I
have 90 per cent. for one years use Of
my money! What do you think Of
thatp You know as well as 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-mam, go to the
bank and buy a $500 bond. How
she got the money / don't know, but
these Yankee school-mistresses are
first rate hands at taking care Of them
selves. Well, now, count up. If
Miss Jones sells her bonds to day she
gets her $500 back safe, and she gets
Clio clear gain. Can you sharp fell
lows down there in William Street do
any better9 You know 1 told Mr..
Smith, the banker, my ideas about
that, and he bought Is, 900 six per cent
bonds, and you see he got 81, 100 for
n years use of his money. met him
the other day, and he said, "Poor
you are right; l begin to
think the Government can take care
Of itself, and US too. For my part
mean to buy some Of the 1905. The
rate ofinterest is high enough, and in
three years they will turn into six per
cent. bonds again" eyes, Mr.. Smith
it is right on the money side; but IL
% right on the co~'try's side, too. Help
your country, or it cant help YOU
Now say the Germans are not only
right, but they would be right if they
got half that interest. They cannot
make quarter of it at home" So
thought Poor Richard, and so think
we. When we think Of the German
opinion of our situation and our f.
nancial strength, we must re member
that they are far better judges of our
than we are, or our enemies
IRE. They are lockers on at great
distance. They have none of our en-
mites or predjudices. They can ex-
anime the fact disintsrestedly.
They do; and the result is verdict
hat the American Government is sta
ble--sfs ability and sntegrity IN meeting
IL financial engagements smqastionabk.--
This virdict, too, is founded on series
IF facts which are unimpeachable, and
we'll known to everv intelligent Amer.
can. Take two or three Of the most
important: /. The United ,States
ioubles its population each twenty Eve
Years. The population Of the country
which in 1850 was $4,000, 900, viii, in
1875 be 46,ooo.ooO. But the rebel
ion says somo one How much hes