Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1864-09-27

~ - Oogunnn9 49,
Wen60ne go DsaAeS
n ! q e ri - Shsswo9, 1glhss
psspls, b natous 4 -, sxis = 80.
Our Ssrssv pssp,s - Nv nnGensa -.
~ - ! ffueal, in6sses'ss Dsspss BIT
thsy cat ssvs nonsy IKE u 0ssnan'a
An Germany u grsat savings hank. tis
TINE thst their working nsn ass not 20 rica.
ON - average, y our working men, be-
cause they don't Ct more than one quarter
Of the wages Of our men. But German
can save money, and he knows when it Is
saie. Nov these shrewd, thrifty Germans
want our bonds. They want them BY mil
lions. They turn aide from the great beg
sars Of the world in Europe, ard come to
~ Republicans. They treat the notes Of
Napoleon and Joseph and naximillian with
indifference, but want 70 discount III the
American notes they can get. The London
Tims ssys this j. al wrong-that the H.
publicans in America are Ill bankrupt, and
the Germans must be crazy to slight Brit
ish and French beggars. and 80 begging,
themselves, to America! Are they crazy :
We asked Poor Richard what be thought
about It, "Why," said he, ''how can they
be crazy, when they are doing just what !
did little more than year ago, when ]
put my little savings into Government six
per ccnts9 Now see what got by it; just
count up. have received SIX per cent. In
gold, which averaged 100 per cent. in cur.
rsucy, making ~ per cent. income. Now,
to-day, my bond is salsble in the New York
market ct 10 per cent. premium. Put these
together, and to-day have - per cent. for
one years use of my money! What do
you think Of that : You know, o. well -
/ 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 nam, 60 to the bank
and buy . $500 bond. How she got the
money l don't know, but these Yankee
schoolmistresses are first rate hands ct t.
king care Of themselves. Well, now, count
up. II Miss Jones sells her bonds to-day
she gets her $500 back safe. and she gets
$40 clear gain. Can you sharp fellows
down there in William street do any better
You know l told Mr.. Smith, the banker,
nv ideas about that, and he bought 50, 900
ak per cent. bonds, and you see he got
81, 100 for . years use Of his money. /
met him the other day, and he said, Poor
Richard, you are right; begin to think,
the Government can take care Of itself, 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
into six per cent. bonds again. Yes, Mr..
Smith. it is right, on the money side; but,
It Il right on the country's side too. Help
your country, or it can't help you. Now, |
say the Germans are not only right, but they
would be right If they got half that interest.
They cannot make . quarter Of it 1t
home" So thought poor Richard and SO
think we. When we tn nix Of the German
opinion Of our situation and our financial
strength, we must remember that they are
far better judges Of our condition than we
are or our enemies are. hey are lockers
on, 1t great distance. They have none Of
our enmities or prejudices. They can ex-
anime the facts disinterestcdly. They do !;
and the result is a verdict that the American
Government is stable-its ability and integ-
rity in meeting the. financial engagements uu-
Questionable. THIS verdict, too, is founded
on . series Of facts which are unimpeacha.
tile. and we'll known to every intelligent
American. Take two or three Of the most
important: l. The United Safes doubles its
population each twenty five years. The
population Of the country, which in 1850
was tscenty .tsre millions, will in 1876 be for
ty-sir millions But the rebellion says
some one. How much has the rebellion d.
minished the strength Of the United States
Take the astonishing fact, that if all the reb-
el States had been sunk in the Pacific Ocean
the United States would in 1876 have .
population equal to that Of the rhole in 1860.
In other words, fifteen years will supply the
total loss Of the eleven original Rebel States
What can impede the prog ess Of such .
covntry? g. The wealth of the country in.
creased 1877 per cent. in ten years! Now
let it increase but 80 from 1860 to 1870, and
it viii amount to ten times all the loans Of
the government. The German knows what
he is about. He will get the Target income
from loans in the world, and on the saf
est security. No such opportunity has &C.
Cured before for the investment Of money,
and in al probability will never occur again.
IL the American does not Il ow and take ad-
vantage Of this, the German and Frenchman
will.-Er.