The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1865-01-11
Are the Germans Wrong il
Wanting our Bonds?

Not bit OF IL! NO snreWner tnTiltioi Pso
ple. in matters of Tdoney, exist on earth \ a.
jersey people and New England people are I
frngaI. indus rious people, but they can't
save money like the Germans. All Germany
is a great saving bank. 1t Is true that theil
working men are not so rich, on an average
as our working men, because they don't ee
more than one quarter of the wages OF ou
| men. But German can save mouey, and IA
knows when II is safe. Now theSs' shrewd
thrifty Germans want our bonds. TIL ey wan
them by millions. They turn aside. f., I'm the
great beqgars of the world in Eul 'p', ano
come to us Republicans. They treat the
notes of Napoleon and Ioserh ana Maxim iliar
with indifference, but want to discount all the
American notes they can get The LoNDoN
TIMES says this is all wrong-that the ReEub
licans in America are all bankrupt, and the
Germans must be crazy to slight British and
French beggars, and go begging, themselves,
to America. Are thay crazyt Weasked PooK
RICHARD what he thought about 1t, 'Why "
said he, show, can they be crazy, when they
are doing just what did little more than a
year ago, when put my little savings into
Government six per cents9 Now see what ]
got by it; Just count up, have received six
per cent In gold. which averaged 100 per
cent in currency; making Upper cent income.
Now, to-day, my bond is salsble in the New
York market at 10 per cent. premium. Put
these together, and to day 1 have 22 per cent
for one years use of my money! What do
you think of that? You know, as 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 buy a
$500 bond. How she got the money don't
know but these Yankee schoolmistresses.a 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 S1lO clear gain. Can on stlarp tel
lows down there in William street to do any
better? You know 1 told Mr.. Smith the
banker nv ideas about that. and he bought
S5 900 six per cent. bonds, and you see he
got 81, 100 for a years use of his money. /
met him the other day, and he said, /" Poor
Richard, you are right; begin to think, the
can take care of itself, and us
too. For my part, Imean to buy aome OF the
7 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, OH the money side; but, it is right on
the oouutry's side too. Help your country,
or it can't help you. Now, say the Germans
are not only right, but thHy would be right
if tLeu got half that interest. They cannot
make a 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 remem-
bsr that they are far better judges of our con-
iition than we are, or our enemies are, They
ale lockers on, al a great distance, They
have none of our enmities prejudices.
Then can examine the facts disinterestedly.
Phey do. and the result is verdict that the
American Government is stable-its ability
aud integrity in meeting its financial engage
ments unuuestionable. This verdict, too, Is
founded on series of facts which are unim-
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
ulation of the country, which in 1880 was
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 States? Take this
fact, that if all the Rebel States
had been sunk in the Pacific Ocean, the uni
ted States would in 1875 have a population
EQUAL to that of the whole in 1850 In other
words, fifeeen years will supply the total loss
of the eleven original Rebel Statesl What
,an impede the progress of such a country?
3. The wealth of the country increased l27
per cent. in ten yearsl Now let it increase
but 80 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 OPP
haa occurred before for the invest
ment of money, and in all probability will
never occur again. If the American does not
know and take advantage Of this, the German
and Frenchman will.-Ex. .l ~.,,sss..
November l6, 1864.