The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1864-09-28
Are the Germans Wrong in Wanting our
Bonds


land people are frugal industrious PEG
pie. but they can't save money like the
Germans All Germany is a great say
inps bank. II is true that their working
men are not so rich, on an average, a.
our working men, because they don get
more than one quarter OF the wages OF
our men But . German can save money
and he knows when it IS safe. Now these
shre-rd. thrifty Germans want our bonds.
They want them by millions. They turn
aside from the great beggars OF the
world in Europe, and come to US Repub-
Hcaus. They treat the notes of Napoleon
and Joseph and Macmillan with lndlf-
ference. but want to discount all the
American notes they can get. The Lon
don Times SAYS this is all wrong-that the
Republicans in America are all bankrupt,
and the Germans must be crazy to slight
British and French beggars, and go beg
oino. themselves. to America Are they
crazy? We asked Poor Richard what
he thought about it. why" said he,
chow can they be crazy, when they are
doing Just what | did 4 little more than
avear ago, when put my little savings
into Government six per cents Now
see what / got by it just count NJ !
have received six per cent. n gold which
averaged 100 per cent in currency, ma
king II per cent. income. Now, to day,
nv bond is salable in the New York
market at 10 per cent. premium. Put
these together, and to day l have - per
cent for one years use of my money I!
What do You think of that You knoH,
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 marin
go to the bank and buy . $500 bond
How she got the money don know, but
these Yankee schoolmistresses are first
rate hands at taking care of themselves.
Well, now, count up. II Miss Jones
sells her bonds to day she gets her 5000
back safe, and she gets Sllo clear gain.
Can Your sharp fellows down there in
William street 10 any better? You knO v
| told Mr. Smith, the banker. my ideas
about that, and he bought 3, 1000 six PEI
cent bonds, and you see he got Sl,lOU
for year use Of his money met him
the other day, and he said, Poor Rich
ard, you are right l begin to think, the
Government can take care of itself, and
us too. For my part, l mean to buy
some Of the 7.30's. The rate of interest
! is high enough, and in three years they
, will turn into six per cent bonds again.
yes, Mr.. Smith, it is right, on the
!, money side; but 1t IS right on tie co,fntry''
side TOO. Help your country or it can
t help you. Now, I say the Germans are
t not only right but they would be RICH
, if they got half that interest. They can
not make quarter of it at home" So
thought Poor Richard, and so think we
When We think of the German opinion
ofour situation and our financial strength
we must remember that they are IA
better judges of our condition than VIZ
: are, or our enemies are. They are look
g ers on, at a great distance. They have
: none of our enmities or prejudices. =
a They can examine the facts disinterested
J ly They do; and the result is a verde
that the American Government is stable
e its a5i}dy and integrity u, meeting IL. fnan
+ cial engagements anquestionabie. This yer
diet, too, is founded on a series of fact
which are unimpeachablc, and well know
to every intelligent American. TAX
/ two or three of the most important /
> The Unites States doubles its population
each twenty-five years. The populatioi
. OF the country. which in 1880 was tuenty
three millions, will in 1873 be forty-sir NIL
u ions Bat the rebellion says some one
How much has the rebellion diminishe,
the strength of the United States TAX
r this astonishing fact, that if all the Rebe
! States had been sunk III the Pacific Ocean
the United States would in 1875 have
. population equal to that Of tie scho5e il
1860 In other words, fifteen gears vii
n supply the total loss ofthe eleven origin
, al Rebel States What can impede tn
: progress of such a country? >. Tn
wealth Of the country increased III pc
d cent in ten years Now let it increas
e but so from 1850 to 1870, and it wi
Is amount to ten times all the loans OF tn
government The German knows VIVA
n he is about. He viii get the largest IA
S come from loans in the world, on the safe
a security. No such opportunity has Q,
Cured before for the investment c
Y money, and in all probability will neve
occur again. If the American does ne
Of know and take advantage Of this tn
d German and Frenchman WILL,