Evening star. [volume] (Washington, D.C.) 1854-1972, 1882-04-20
He Wants More Interest.

From the New York Sun.
We frequently receive letters asking for ad-
vice as to the investment OF money. If It was
In our power to suggest to our correspondents
exactly where to put their small possessions so
that much could speedily and safely be made
out of little we would hasten to give them and
everybody else who wishes to accomplish the
same end just the information they DESIRE Then
the happiness of bringing about the material
prosperity of all our friends would be ours.
But we can point ont no certain way, no alb
solutey safe means, Of getting for money more
than the current rate Of interest where good and
sufficient security is given. To get greater in
crease. some risk must be taken; and eyery con-
sclent10us man Is slow about advising people
who cannot afford to lose their money to run
the risk. Az general rule, the less risk the
the more the hazard.
For instance. a yOOng man Of this city asks us
as follows regarding his savings:
"Sir:-I am young man, q years OF age, seek
BILE way without much risk to invest the sman
sum OF $5G0 which have been able to save from
my wages since my stay In business OF three and
ings bank. drawing four per cent must say that
feel dissatisfied With this small rate OF interest
ana desire TO increase II by legitimate means to
reply through the columns OF your valuable pa
per, as believe there are many who would like
SoAA4C
Four per Cent is small rate Of interest COM
pared with the rates which prevailed not many
years ago. Yet four per cent is all the savings
bank which has your money can safely pay on
1t. Nor can you get more without some risk
and good deal of personal cure. Keep it where
s, therefore, seeing to 1t that the bank Is one
OF the soundest, and increase the sum by your
future savings until you can use your capital
along with your own labor and business experi-
ence to better advantage.
III man has little money and puts It in
business which he knows all about and which
he manages himself business which he has
good reason to think he can make profitable by
industry and good judgment, then he has put
his capital in the best place. Supplemented BY
his labor and guarded by his vigilance, It may
bring him far more than the ordinary rate OF
interest But even then he takes risk. The
business may not turn out successful. All the
money may be lost, and his labor into the bar
gain.
But young man who has saved up i've hum
dred dollars at twenty -one has done handsomely
He has exhibited q thrifty disposition which
bodies well for his future pecuniary success. Let
him now resist the temptation to hazard his saw
ings In an attempt to make them increase faster
than is consistent with safety. Let him distrust
men who profess to be able to point out to him
ways Of making much more than ordinary inter-
est, In which there Is no risk; for there are no
such ways In due time. however, his capital,
small though 1t may be, may prove sufficient to
start him in business for himself out of which
he can make better living than he does now
But beware OF too great haste, ambitious young
friend. The great art il to keep money after
you have got 1t. Making money Is one thing
Keeping it after you have made IL is another
and an even more difficult, thing.