Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1864-09-21

Are the Germans wrong in Wanting
Our Bonds.
Not bit of itl No shrewder, thrifier
people, in matters of money, exist on earth.
Our Jersey people and New England peo-
pie are frugal, industrious people, but
they can't save money like the Germans.
All Germany is great savings bank. 1t
is true that that their working men are not
SO rich, on an average as our working men,
because they don't get more than one quar-
ter of the wages of our men. But Ger
man can save money and he knows when
it is safe. Now these shrewd, thrifty
Germans want our bonds. They want them
by millions They turn aside from the
great Beggars Of the world in Europe and
come to US Republicans. They treat the
notes of Napoleon and Joseph and Maxi
millian with indifference, but want to dis
count all American notes they can get
The London Times says this is all wrong
that Republicans in America are all bank
rupt, and the Germans must be very crazy
to slight British and French beggars, and
90 begging themselves to America. Are
they crazy4 We asked Poor Richard what
hethought about it. Why" said he,
ahow can they be crazy, when they are
doing just what did a little more than
year ago, when put my little savings into
Government six per cents? Now see what
1 got by it; just count up. 1 havereceiyed
six per cent in gold, which averaged 100
per cent. in currency, making II per cent.
income. Now, to-day, my bond is saleable
in the New York market at 10 per cent.
premium. Put these together, and to-day
I nave z per cent. Tor one years use of
my moneys What do you think of that?
You know, as well as do, that there are
thousands of people who didthis, and to-day
they have % per cent on their investments.
| Why, I saw Miss Jones, our sehoolmam,
20 to the bank and buy $500 bond. How
She got the money don't know, but these
Yankee schoolmistresses arefirst rate hands
at taking care of themselves. Well, we
count up. If Miss Jones sells her bonds
to-day gets her $500 back safe and she gets
$1l0 clear gain. Can you sharp fellows
down there in William street, do any bet
teri You know l told Mr.Smith, the
banker, my ideas about that, and he bought
$4,000 six per cent bonds, and you see
he got 81, 100 for a years use of his
money. I met him the other day
and, he said, poor Richard you are
right / begin to think, the GoYernment
can take care of itself, and US too. For
my part, I moan to buy some of the 7-3Os.
The rate of interest is high enough, and in
three years they will turn into six per cent
bonds again. tYes, Mr.. Smith, it is right,
on the money side; but, 1t IS right on the
coUptTys side too. Help your country, or
it can't help you. Now, l say the Ger
mans are not only right, but they would
be right if 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 opinion oi
opinion of our our situation and our fin
ancial strength, we must remember that
they are far better judges of our eondi
ton than we are, or our enemies are
They are lockers on at great distance
They have none of our enmities or pre-
iudices They do; and the result Is 6
verdict that the American Government is
stable-its ability and integrity IA meeting
its financial engagements u'aquestionable
This verdict, too, is founded upon a series Of
facts which are unimpeachable, and well
known to every intelligent American
Take two or three of the most important
l. The United States double in population
every twenty-five years. The. population
} of the country, which in 1850 was t1oe1sty-
three millions, viii in 1875. be forty-siz
millions But the rebellion says some
one. how much has the rebellion dmin-
ished the strength of the United States
Il Take this astonishing fact, that if all the
Rebel States had sunk into the Pacific O.
cean, the United States would in 1876
a population equal to that of the 'aojtote in
1860. in other words, fifteen years wild
supply the total loss ofthe eleven original
Rebel StatesI What can impede the pro-
gress of such country2 2. The wealth
Of the country increased 127 per cent. in
ten years. Now let it increase but 80,
from 1860 to 1870, and it will amount
to ten times all the loans Of the Govern
ment. The German knows what he is
I ABOUT, He will get the largest income
from loans in the world, on safe security
No such opportunity has occurred before
for the investmant of money, and III all
probability will never occur again. II
the am erican does not know, and take
advantage of this, the German and French
man will.-ET. 'r4'f7