The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1865-02-01
Are the Germans Wrong in
Wanting our Bonds? q

Not q bit Of i'll No shrewdsr, thriftier peo.
pie, in matters Of money, exist on earth. 0uF
Jersey people and N-w England people are
frugal, industrious people, but thsy eant't
save money likethe Gerfnans.E All Germany
is great saving u, nk. Ii Is true that their
working men are net so rich, ON an average,
as our working men, because they don't ger
more than one quarter OF tho wages Of our
men. But German can save notey, and he
knows when il 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 Nareleor, and 1oserh AMI Maxireiliaul
with indifference, but want to discount all the
American notes they can get. The LONDON
TIMEs says this is all wrong-that the Repub,,
licans in America are all bankrupt, aud the
Germans must be crazy to slight British AMI
French beggars, and go begging, themselves. !.
to America Are they crazy? We asked Pooh
RICHARD what he thought about it, "Why"
said he, show 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 centsl Now see what
got by it; just count up. have received six
per cent. in gold. which averaged 100 per
cent. in cursency: making IL per cent, income.
Now, to-day, my bond is saleble in the New
York market at 10 per cent. premium Pit
these together and to day l have ~ per cent
for one years use Of my money! What d..
you think of that? You know, RS we'll as |
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 man. go to the bank and bny q
$500 bond. How she got the money don't
know, but these Yankee schoolmistresses are
srstrate hands at taking care of themselves.
Well, now, count up. If Miss Jones sells her
bonds to-day she gets her $500 back safe, and
she gets $1l0 clear gain. Can you sharp tel
lows down there in William street to do any
better? You know l told Mr.. Smith the
banker. my ideas about that. and he bought
$1,000 six Per cent. bonds, and you See he
got 81 100 for years use of his money. l
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, Imean to buy some of the
SOS. 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 is right on
the countrys side too. Help your country,
or it can't help you. Now, say the Term ans
are not only right, but they would be right
if they got half that interest. They cannot
ma he quarter OF it at home." So thought
Poor Richard, and SO think we When we
think of the German opinion of our situation
and our financial st ength, we must retnem-
ber that they are far better judges of our con-
dition than we are, or our enemies are. They
ale lockers on, at great distance. They
have none of our enmities preiudices,
They can examine the facts disinterestedly.
They do, and the result is verdict that the
American Government is stable-its ability
aud integrity in meeting its financial engage
ments unquestionable. This verdict, too, is
founded on a series of facts which are unim-
peachable, and well known to every intelligent |
American. Take two three of the most |
important: /. The United States double its |
population each twen..- fye years. The pop- !
ulation of the country, which in 1850 was
twenty three millions, will IN 1875 be forty
six millions. But the rebellionl says some
one, How much has the rebellion diminished
the strength of the United StatesY Take this
fact, that if all the Rebel States
had been sunk in the Pacific Ocean, the uni
ted States would in 1875 have q population
equal to that of the whole in 1860. In other
words, ffeeen years will supply the total loss
of the eleven original Rebel Statesl What
can impede the progress of such country?
2. The wealth of the country increased 127
per cent. in ten yearsl Now let il increase |
but so from 1870, and it will amount to ten
times all the loans of the government. The |
German knows what he is about. He will |
get the largest income from loans in the
world, on the safest security. No such op-
haa occurred before for the invest
ment of money, and in all probability will |
never occur again. If the American does net |
know and take advantage of this, the German
and Frenchman will.-Ex,
November 16, 1854.