The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1864-10-04
Are tho Germans Wrong in Wanting
our Bonds

PIE and New England people are a
frugal, industrious people, but they
can't save money like the Germans.
AL Germany is great savings bank.
II is true that their working men are
not so rich, on an average, as our
working men, because they don't get
more than enc quarter Of the wages of
our men. But a German can save
money, and he knows when il is safe.
Now these sl.rewd, thrifty Germans
want our beuds. They want them
by millions. They turn aside from
the great beggars Of the world in Eu-
rope, and csme TO US Republicans.
They treat the notes of Napoleon and
Joseph Maximillian with Indifference,
but want TO discount all the American
notes they can get. The London
Times says this is all wrong-lhat the
Republicans in Amer ca are all bank
rupt, and the Germans must be crazy
TO slight British and French beggars,
and go begging, themselves, to Amer
lea. Are they crazy We asked
Poor Richard what he thought about
it. "Why" said he, chow can they be
crazy. when lhey are doing just what
| did little more Than year ago,
when | put my little savings into Gov
ernment six per cents Z Now see
what I,got by il; just count up. !
have received six per cent, in gold,
which averaged l00Wer cent, in cur
rency, making Il per cent. income.
Now to-day, my bond is salaLle in the
New York market at 10 per cent.
premium. Put these together, and
to day | have % per cent for one
years use Of my money What do
yout hink of that !? You know, as well
as | do that there are thousands ofpeo-
pie who did this, and to-day they
have % per cent. on their invest
mcnts. Why, saw Miss Jones, our
school-mam. SO to the bank aud buy
a $500 bond. How she got the mon
ey | don't know, but these Yankee
schoolmistresses are first rate hands
at takiRg care Of themselves. Well,
now, count up. If Miss Jones sells
her bonds to-day she gets back 5000
safe, and she gets Sil0 clear gain.
Can you sharp fellows down there in
William street do any better? You
know told Mr.. Smith, the banker,
my ideas about that, and he bought
$4,000 six per cent. bonds, and you
see he got 100 for years use OF
his money. | met him the other day
and lie said, Poor Richard, you are
right begin TO think, the Govern
ment can take care OF itself and us
too. For my part, ! mean 10 buy
some Of the 1905. The rate OF in.
terest 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, II IS
right on tie co,mtrys side too. Help
your country, or it can't help you.
Now, | say the Germans are not only
right, but they would be right it 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 fnan-
cial strength, we must remember that
they are far better judges OF our cor
dilioE than we are, or our enemies are.
They are lockers on, at great dis
tance. They have none Of our enmi-
ties or predjudices, They can exam
inc the facts disinterestedly, They do;
and the result IS a verdict that the
American Government is stable-tts
ability and integrity IN meeting is H.
engagements mn9test1oHd6Ie.
This verdict, 100, is founded on Sc
ries of facts which are unimpeachable,
and well known to every intelligent
American. Take two or three Of the
mostlmportant: !. The United States
doubles It's population every twenty
five years The population Of the
country, which in 1850 WAS tpenty-
three millions, will in 1875 be forty
SIN millions. But the rebellion says
some one. How much has the rebell-
ion diminished the strength Of the
United States? Take this aslonish-
ing fact, that if all the Rebel States
had been sunk in the Pacific Ocean,
the United States would in 1875 have
a population equal 10 that Of he lohoIe
in 1860. In other words, fifteen years
will supply the total loss oflhe eleven
original Rebel States What can
impede the progress ofsuch country
2. The wealth Of the country increas-
ed l27 per cent. in ten years Now
let it increase but 80 from 1860 10
1870, and it will amount to ten times
all the loans Of The government. The
German knows what be is about. lie
will get the largest income from loans
in the world, on the safest security.
No such opportunity has occurred be.
fore for the investment Of money, and
in all probability will never occur
again. If the American does no,
know and take advantage Of this, The
German and Frenchman will.-Er.