The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1864-11-23
Are -fhe .Germans -~Wrang ia
Wanting uur Bonds2

|
Not > bit of i'll No shrewder, thriftier peo.
pie, in matters of money, exist ON earth. Our
Jersey people aid New England people are y
frugal, indhst rious people, bat they cant's
save mouey like the Germans. ALI Germany
is a great wing bs nix. II Is true that thei.
working men are not so rich, oh an average
al our working men, because they don't ge-
more than one quarter Of th- wages of cur
mem bnt !, Gel man eau save ,noue, and he
knows when it is safe. Now thes. shreyd.
thrifty Germans ant our bonds. They want
them by millions :" They turn aside ii ON the
| great heggars OF the world in Europe, and
come TO US KrpubiicanS. They treat thu,
notes of Napoleon aud Joseph ana MACMILLAN
with iuiittrre .,e but Want lV discount al ti1e
American notes they can get. The LONDON
TINss says this il ali wrong--that tue Repub
licans in America all Bankrupt, anu the
Gsrlaans must bo crazy to slight British and
French beggars, and go begging, Themselves
to America Ara they craz'S Weasked rooR
RICHARD what he tnonghL about il. why ~
said he, .how can they be crazy, when they
are doing just what did little more than a
year ago, when. put nv little savings into
Governmeut six per cents! Now what 4
got by It; just count up. l have received six
per cent in gold. which averaged 100 per
cent in Currency; making II per cent. income.
Now, to day, my bond ia sal bic in the New
York IN ars.t at 10 per cent premium. Put
these together, ant to-day / have - per cent
for one ears use oil my money! What do
YOU think of thatH You know, as Well as |
do, that there are thousands of people who
did this, and today they have % per cent.
OH their Investments. Why, saw Miss Jones,
eur school man, so to the bank and buy
$500 bond. How she got the money don't
know, but these Yankee schoolmistresses are
frstrate hands at taking care of themselves.
Well. now counrup. Ii MISC Jones sells her
bouds to day she gets her $500 back safe, and
she gets $IlO ciear gain. Can you sharp tel
lows down there III William street to 10 any
betterf You know | toll Mr.. Smith the
banker my ideas about that. and he houg ht
SIS 900 six per cent. bonds, and you see he
got 81 100 Tor years use of his money.
met him the other day, and hs said, Poor
Richard, ysu are right; begin to think, the
Government can take care OF itself. and
too For my part, mean 10 buy some o. the
SOS. The rate OF interest Is hiyh enough,
aud in three years they Will turn INTO SIX per
cent. bonds again" "Ie-, Ar. smith. it is
right, OH the money side; but, il is rig ht on
the country side too. Help your country,
or it cau't help you. Now, say the Germans
not only right, hut th-y would be- right
ii they got hall that lut-rest. hey cannot
make qnaiter of It at home." SO thought
Poor Richard and think We. When We
think of the German Opiuion OF our situation
and our fuanciai st epgth, We must reuiem
Der that they are far better judges of our con
diton than W. are, or our enemies are. They
are lockers on, at great dis aDce. The y
have none OF enmItios pref judic-s.
They can examine the facts tisinte' estediy.
The, do, and the result Is verdict that the
American G.v ernment is stab!e--its ability
aut integrity in meeting its financial engage
ments uuquesliOuable. This verdict, too, is
founded on a series of facts which are unim
peac ha abie and well known to every intelligent
American. Take two three Of the most
im portant: l. The United States doutis its
population each twenty live years. The pop
u iat ion of the country, wLicu in 1890 WAS
twenty three millions, will IN SIS be forty
six millions. Bat the rebeiiioni says some
ONE How much has the rebellion dimiuis II ed
the strength of the United Statpsf Take this
astonishing fact that II all the Rebel States
had been sunk in the Pacific Ocean, the Oni-
ted states would in 1875 hasss 3 population
equal 10 thar OF the whole in- 1860 In other
woris, ifeeen years will supply the total loss
of the eleven original Rebel states! What
can impede the progress Of such country
2 The wealth of tue c,uatry increased l27
per cent. in ten yearsi Now let 1t inc, ease
but 80 from 1870, ami It will amount to ten
tunes all the loans of Che government. The
German knows what he1is about He will
get the largest income from loans in the
world, on the safest security. No such op
portunity haa occurred before for the invest
menI of money, and IN all probability will
never occur again. Ii the American does not
know and take advantage of this, the German
and Freuchman wiil.-Ex.
November 10, lSsa.