The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1865-01-04
Are the Germans Wrong in
VI anting our Bonds?

Not a bit of It'll No shrewder, thriftier peo-
pie, in matters OF money, exist on earth. Our
Jersey pile a1ni New England people are =
frugal, industrious people, but they cant,t
save money like the Germans. All Germany
is great saving bank. 1t Is true that their
working men are not so rich, on an average.
as our working men, because they don't ger
more than o!.- quarter of the wages of our
men. But German can save nlouey, 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 oeggars of the wsrld in Europe, and
| come to US Republicans. They treat the
notes of Nar,lecu ard Joserh ana Mrx;yni!ian
with indifference but want te discount ali the
Anne rcan notes they can get. The LONDON
| TIMES says this is all wrong-that the Repub.
leans in America are all bankrupt, and the
Germans must be crazy to slight British and
french beggars, and go begging, themselves,
TO America. Are they crazy? Weasked Pooh
RICHARD what he thought about it, 'sWhyn
said he, show they be crazy, when they
sre doing just what did little more than a
year ago, when put my little savings into
Government six per cents? Now see what l
got by it; just count up, have received six
per cent in gold, which averaged 100 per
cent in currency; making IL per cent. income.
Now, to-day my bond is salEb bic in the New
York market at 10 per cent. premium. Put
these together, and to day have % per cent.
for one years of my money! What do
you think of that? You know, as we'll as l
do, that there 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. low she got the money don't
know, but these Yankee schoolmstresses are
frstrate hands at taking care of themselves
Well, now, count up. If Miss Jones sells her |
bonds to-day she gets her $500 hack safe and |
she gets 81 10 clear gain. Can you sharp fel |
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 |
SIS 900 six 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
Z 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, onrhe money side; l0t, it is 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 at home" So thought
Poor Richard. and so think we. When we
think of the German opiuion of our situation
and our financial st 'ength, we must remenl-
Der that they are far better judges of our con-
lition than are, or our enemies are. They
ne lockers on, at a great distance. They {
nave none of our enmitieS or prejudices,
they can examine the facts disinterestedIy.
They do, and the result is verdict that the
American Government is stable-its ability
md integrity in meeting its financial engage
nents unquestionable. This verdict, teo, is :
ounded on series of facts which are unim-
,eachable, and well known to every intelligent
American. Take two or three of the most
important: l, The United States double its
population each twenty-five gears. The pop
llation of the country, which in 1850 was q
wenty- three millions, will In 1875 be forty
tx millions. But the rebelionl says some
re, How much has the rebellion diminished
he strength of the United Statesf Take this {
.stonishing fact that if all the Rebel States !
lad been sunk in the Pacific Ocean, the Uni-
ed States would in 1875 have a population
quail to that of the whole in 1850 In other a
words, fifeeen years will supply the total loss
# the eleven original Rebel StatAst What
an impede the progress of such country?
!. The wealth of the country increased 127
,er cent. in ten yearsl Now alet it increase
,ut 80 from 1870, and it will amount to ten
lines all the loans of the government. The >
herman knows what he is about. He will
et the largest income from loans in the
Vorld, on. the safest security. No such op-l
,ortunity haa occurred before for the invest
nent of money, and in all probability will
ever occur again. II the American does not
now and take advantage of this, the German
nd Frenchman will.-Ex, a
November Is, 1854.