The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1865-02-08
Are the Germans Wrong in
Wanting our Bonds2

Not bit Of 1tl NO shreTder, thriller peo-
pie, in matters of money, exist on earth. Our
Jersey people and New England people are
frugal, Industrious people, but they ean,'t
save money liksthe Germans. All Germany
is great saving bank. 1t Is srue tLs. Lei,
working men are not so rich, on an average,
as our working men, because they don't per
more than one quarter of the wages OF our
men. But q German can save mouey, and he
knows whom ii is safe. Now these shr1wd
thrifty Germans ant our bonds. They vant
them by millions. They tnrn aside Fl ON the
great beggars of the world in Europe. and
come to US Republicans. They treat the
notes OF Napoleon and Joseph an Max nj. a.n
with indifference, but want to discount all the
American notes they can get. The IaxpoN
TIMES says this is all wrong-that the Rspup.
licans in America are ALI bankrupt, anu The
Germans must be crazy to slight British and
French beggars, and so begging, themselves
to America. Are they crazy? Weasked pooR
RIcHARD what he thought abeut it, aNly %
said he, show can they be crazy, when thew
are doing just what did little more than =
year ago, when put my little savings into
Government six per centsf Now see What
got by it; just count up, / have recsiyed six
per cent In gold, which averaged 100 per
cent. in currency; making u per cent income.
Now, to-day, my bond is salpble in the New
York market at 10 per cent. premium / at
these together and to day / have % per cent
for one years use of my money! What d.
you think of that. You know, as we'll as i
do, that there are thousands Of people who
did this, and to-day they have % per cent
on their investments. Why, saw Miss Jones
cur school man, go to the bank and buy
$500 bond. How she got the money .lnna
know, but these Yankee schoolmistresses are
Grefr do IL
Wells now, count up. If Miss Jones sells hei
bends to-day she gets her $500 hack So f., and
she gets Sll0 clear gain. Can You sharp f-l
lows down there in William street TO 10 an,
betterH You know / told Mr.. Smith til,
banker. my ideas about that, and he bought
5000 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, .Poo
Richard, you are right; begin to think, tlr
Government can take care of itself, and US
too. For my part, mean to buy some OF the
7-30's. The rate Of interest is high enough
and in three years they will turn into six per
cent bonds again. ssYes, Mr.. Smith, it ID
right, on the money side; but, it is right on
the country's side too. Help your country
or it can't help You. Now, Isayzthe Germans
are not only right, but they would be right
if they got half that interest. They cannot
ma ke quarter of it at home." So tn ought.
Poor Richard and so think we. When we
think of the German opinion of our situation
and our financial strength, we must remem-
Der that they are far better judges of our con
dition than We are, or our enemies are. They
are lockers on, at great distance. They
have none of our enmities or prejudices.
They can examine the facts disnterestedly
They do, and the result is a verdict that the
American Government is stable-its ability
and 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 or three of the most
important: 1. The United States double its
population each twenty-five years. The pop
ulation of the country, which in 1850 was
twenty three millions, will In 1875 be forty
six millions. But the rebellioni says some
one, How much has the rebellion diminished
the strength of the United Stctesi Take this
astonishing fact, that if all the Rebel States
had been sunk in the Pacific Ocean, the Dni-
ted States would in 1875 have 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 countryY |
2. The wealth of the country increased 127 |
per cent. in ten years Now let it 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 tn.
world, on the safest security. No such op-
haa occurred before for the invest /
ment of money, and in all probability win |
never occur again. If the American does not |
know and take advantage of this, the German /
and Frenchman will.-Ex.
November l6, 1864.