Union County star and Lewisburg chronicle. [volume] (Lewisburg, Pa.) 1859-1864, 1864-08-30
Poor Richards Reasons for buying
United States Securities.

3VVi nACuoAo ncSoOhS AVi ouyAA6
United States Securities.
The other day We heard rich neigbbor
Gay be had father have railrosd stocks than
the U. 8. stocks, for they paid higher in
sefesl Just then Poor Richard came up,
and said that be just bought some Of Uu-
Gle Sans three years notes, paying seven
snd three-tentbs per cent. interest. My
rich friend exclaimed, You! thought
you had no money to buy with" "Yes,"
said Richard, IL had q little laid up,
for you know il is we'll to have something
laid up against wet day, and | have
kept . little Of my earnings by me-"
Now Poor Richard is known to all the
country round to be very prudent and
industrious, and wihal, wise man; for
Richard never learned anything he didn't
know how to make use Of, and his wisdom
and prudence had become proverb. Sc,
when be took out bis savings and bought
the notes, more than one was surprised,
and it was no wonder rich Mr.. Smith asked
Why. So Poor Richard, in a very quiet
humble way-for he never assumed any
thing-replicd, 81 suppose, Mr.. Smith,
you know great deal better than l do
what to do with money, and how to invest;
for l never had much, and all got l had
TO work hard for. Bot | have looked
round good deal upon my neighbors,
and seen wha. they did with their money
and will tell you some things saw and
what I thought Of it. One very rich man
wss always dealing in money, and be
made great deal but was never satisfied
without high interest. So he lent most Of
bis money to some people who he thought
we're very rich, at very high rate; and
he often told how much hs got, till one
day the people be lent to went to smash.
He got back abou. ten cents on a dollar
Of bis money. kD9y anothe old gentle
man, who had some bank stock and be
vent to the bank aud got ten per cent
dividend. The President and every body
said il was the bes, stock Ia the Country
paid ten per cent. But what did the
old man do but sell his stock the next
day! Why why said everybody. Be- |
cause 1t pays too much diridend. And in
six months the bank vent to smash Now,
that / know to be a fact Well, Mr..
Smith, you say railroad stocks are best,
because they pay high dividends Can
you tell how long they will pay theu ?
l like railroads. | helped to build one,
and l 60 in for useful things. Blu. tell
you what know about them One-thifd
Of the railroads don't pay any dividend,
and two thirds (and some of them crack
ed up, too,) do not pay as much as Gov
ernmeDt stocks. Now that brings me to
The Government securities, aud | vii!
Cell you Why I prefer them. l take you
will admit, Mr.. Smith, that 10 the long
ron the investment which is best should /,
have these qualities: First, i, should be |
perfectly secure : secondly, that the in-
como should be uni'orm and permaneat- !
not up ono year sad down the next and
thirdly, that it should be murketaJLe,Eso /
when your wet day comes, and you want
your money, you can get it back. AID |
think these notes or bonds have got these
qualities more than any other kind Of per- /,
sonsl property you can name. Try it.
"First, then, I haze been looking into
that great book you call Census Stats
ties. I used to think it wasn't worth T,
much; but since began to study it, I tell
you, found ou, good many tbings very
useful for me to know, found ou:, by
looking at the crops. and the factories and
shipping, &c, that We 4 don't mean the
Rebel States are making a thousand MI
lions Of dollars year more than We spend.
So you see tba. (sioce the increase of
debt isn't half that We are growing rich
instead of poorer, as John Bull and the
croakcrs would have Us think. Then the
debt will be paid, anyhow no matter how
long the war is. Besides, did you ever
hear Of q Government that broke before
the people did! Look into your big his
tories, Mr.. Smith, and you will fad the
people break before the Governments.
Well then, call the stock ls:fc-ty Sc
cure.
"Secondly, you want the income ua;-
form and permanent. Well, want you
to take up list Of Oaaks railroads, mines,
insurance companies-anytbiagyoucboos you
and tell me (honor bright, now :. how
many have paid mitorm income for ten
or twenty years. Not one in a huuirl J,
Mr.. Smith, aud you know it.
Snow hero is the Government will pay
you without varying little. Now | like
something that gives me my income every
year.
"Thirdly, you want something which is
marketable any day in the year Now, if
4 ID. L.