The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1865-02-22
Are the Germans Wrong in
Wanting our Bonds?I


Not 1 bit Of III No shtsSdsfs tktifti.r pee.
| pie, in matters Of money, sxist On earth. Our
Jerasy psopls and New kfeisnd people are =
frugal, Industrious psopls, but they can't,
save rnoray like the Gerfnsns. All G.rw.nx
Is great saving bank. 1t Is srus that ,hsir
| working men are tst 80 rich, ON IN average.
as our working men. becauss they don't ssr
| more than one quarter Of tho wages of ,sur
| men. But German oan sats money. and hs
knows wh5a il is safe. Now these si.:aud
thrifty Germans %ant our bonds. They want
them by millions. They turn aside n om tbs
great beggsrs Of ths ysfld In Enrope. and
| come to us Republicans. They treat the
notes of Sxpeleoa aud Joseph ana Manhattan
with indifference. but want to discount all the
American notes they can got. The LoSpos
TIxEs says this Is all vrong-that the Repub
licans in America are all bankrupt, and tn.
Germans must be orazy to slight British and
French beggars, and 80 begging, thsmselvss
to America. Are they orazyl Wsasksd Poor
RICHARD what he thought abeut 1t. .Whyn
said he, show can they be crazy, when they.
are doing just what did little mofs than q
year ago, when put my little savings into
Government six per centsf Now seq what |
got by it; just count mp, I have reserved six
per cent. in gold. which averaged 100 DER
cent. in currency: making II per oent income.
Now, to-day, my bond is bic In the New
York market at 10 per oent. premium. Put
these together, and to day have % BET cent
for one years use Of my money! What do
you think Of thats Yeu know. as we'll as 1.
do, that there are thousands of people who
did this. and to-day they have % per cent,
on their Investments. Why, saw Miss Jones.
eur school mann, go to the bank and buy
$500 bond. How she got the money don,t
know, but these Yankee schooimistresses are
Hrstrats hands at taking care OF themselves.
Well, now, count up. If Miss Jones sells her
bonds to-daysh The gets her S. 90 back safe. and
she gets $1lo clear gain. Can you sharp Eel
lows down there in William street to do auy
betterS You know told Mr.. Smith. the
banker. my ideas about that, and he boueht
$4,000 six per cent. bonds, and you see he
got 81 100 for q years use Of his money. r
met him the other day, and he said, ..Poor
Richard, you are right; / begin to think, the
Government can take care Of Itself AID us
too. For my part, Imsau to buy some of the
SOS. The rate of interest," is high snuueh.
and in three years they will turn into sin per
cent. bonds again" "Yes, Mr. Smith, ii is !!
right, on the money side; but, 1t is right on |
the country's side tso. Help your country.
or it can't help you. Now, say tl1e Germ ans |
are not only right, but they would be risht
if they got half that interest. They cannot
ms he quarter Of II At home."' So thought
Poor Richard, and so think we. When We !
think Of the German opinion of our situation
and our financial st sngth, We must remem.
Der that they are far better judges Of OUT con-
dition than We are, or our enemies are. They
ale lockers on, at great, distance. They
have none Of our enmities or prejudicss. |
They can examine the facts disinterestedly. |
They do, and the result is verdict th at the !
A m ID 81 ia. ia Al
aud integrity in meeting its financial engages |
ments unquestionable. This verdict, too. is |
founded on series of facts which are unim- |
and we'll known to cfeft intelligent
A American. Take two OF three of the NEST |
important: /. The United States double its |
population each twenty-fv years. The pop
ulation of the country, which in 1850 was |
twenty-three millions, will IN 1875 be forty-r
six millions. Bnt the rebsllf6ni says some
one, How much has the rebellion diminished |
the strength Of the United Statesf Take this |
fact, that if all the Rebel States
had been sunk in the Pacific Ocean, the Uni. |
ted States would in 1876 have . population
equal to that of the whole in 1850 In other
words, ffeeen years will supply the total loss |
Of the eleven original Rebel Statesi What |
can impede the progress of such cotintry? ,
2. The wealth of the county increased 127 |
per cent. in ten yearsi nov ist it increase
but so from 1870, and il will amount to ten
times all the loans of the government. The
German knows what he il about. He will
get the largest income from loans in the
world, on the safest security Ne such op-
haa occurred before for the invest
menr Of money, and in all probability will
never occur again. If tho American does 1st
know and take advantage Of this, the German i
and Frenchmah wili-Ex,
November 16, 1854.