The Portland daily press., 1864-09-21
Are the Germans Wrong in wanting our
Bonds?

MOI DIT OF 1t! No threwder, thriller
people, In matters of money, exist on the
earth. Our Jersey people aud New England
people are frugal. industrious people, but
tney can't save money like the Germans All
Germany is great savings bank. IL is true
their working men are not so rich, on an av-
erage, as our working men, because they
dvnt get more than one quarter OF the wages
VI our men. But German can save money
and he knows when 1t is sale. Now these
shrewd, thrifty Germans want our bonds.
they want them by millions. They turn
aside from the great beggars OF thu world In
Europe, and come 10 us Republicans. They
treat the notes of Napoleon and Joseph and
Macmillan with indifference, bat want TO dis
count all the American notes they can get.
The London Times says this is all wrong
that the Republicans in America are all bank.
rupt, and the Germans must be crazy TO slight
British and French Reggars, and go begging,
themselves, ito America Are they crazy?
We asked Poor Richard what he thought
about IL. "Why," said he, "how can they be
crazy, when they are doing Just what did
little more than year ago, when l put my
little savings into Government six per cents?
Now see what got by il; just count up. ]
gave received six per cent. in gold, which av-
eraged 100 per cent. in currency, making ~
per cent. income. Now, to-day, my note is
alabe in the New York market ut 10 per
cent. premium. Put these together, aud to-
lay have y per cent. TOR one years use of
ny money! What do you think of that
You know, as well as l do, that there are
thousands of people who did this, and to-day
hey have % per cent. on their investments.
Why, saw Miss Jones. our school man, 20
10 The bank and buy $500 bond. How she
cot the money don't know, but these Yam
xee schoomistresses are first rate hands AT
aki "a Fa al her eel Will I'M
up. Ii Miss Jones sells her bonds to-day
she gets her $500 back safe, aud she gels $llO
clear gain. Can You sharp fellows down there
IN William street do any better? You know
told Mr.. Smith. the Banker, my ideas about
hat, and ne bought IS 900 six per cent bonds
aud you see he got 81 100 for a years use OF
MS money. met him The other day, aud he
aid, Poor Richard, GU are right; begin to
niOk the Government can take care OF it,
self and US too. For my part, mean to buy
some Of the 1905. The rate OF interest Is
high enough and in three years they will turn
iuto six per cent. bonds again. YES, Mr.
smith, it is right on the money side but il is
right on the country's side too. Help your
country, or II cant help you. Now, say the
Germans are not only right, but they would
ne right II they got only half that interest.
They can't make quarter of 1t at home" SO
bought Poor Richard, and SO think we
When We think Of the German opinion Of
our situation and our financial strength, we
must remember that they are lar better judg.
- of our condition than we are, or our enc
mics are. They are lockers ON at great dis
lance. They have none OF our enmilies or
prejudces. They can examine the facts dis
intsresiedly. They do; ami the result Is a
verdict that the American Government Is sta
ple-its ability and integrity in meeting its
financial engagements objectionable. This
Eerd;ct, too, is founded on series OF facts
which are unimpeachabe, and well known 10
every intelligent American. Take two or
three OF the most important: /. The United
States doubles its population once in 25 wears.
The population of the country, which In
1850 was ttrenfy three millions, will in 1875
Dc forty-sir millions. But the rebellion saws
some one. How much has the rebellion d.
ninished the strength of The United States |?
Fake this astonishing fact, that ii all the Reb-
81 States had been sunk in the Pacific Ocean.
The United States would in 1875 have popu-
lsfion equal 10 that Of the whole in 1860. In
other words. fifteen gears will supply the total
loss of the eleven original Rebel States, What
can Impede the progress OF such a country?
z The wealth OF the country increased 727
DER cent. in ten years! Now let il increase
but 80 from 1850 10 1870, and ii will amount 10
zen times all the loans of the government
The German knows what he is about He
VIII get the largest income from loans In tie
world, on the safest security. No such Cd
portunity has occurred before for the invest
nent Of money, and in all probability will new
-r occur again. II the American does not
know and take advantage of this, the German
and Freedman will-Er.