The Press., 1890-07-17
(Tolland County Leader.) A Sl,OO0 INVESTMENT.

$l, ,OO0 lNVESTMENTs
 How would you invest your first $1, 900 That is question which means something to every man possessing that amount of money, especially so if the young man has earned it himself, for in that case he knows the worth of dollar better than the (per- haps) more fortunate young man who has fallen heir. to his first $1, 900.
 The Leader will at least attempt to show how $1 900 may be wisely invested. As experience is the best teacher, inter- views have been secured with a number of Rockville's leading citizens and successful business men. Their opinions give to the 1 subject the weight born of successful ex- perience. Some of the interviews are guarded, but that is because the gentle men interviewed were slightly afraid that they might give advice which would sink some young mans virgin $1, GOO, and for ever after he would hold them responsible for the mistake.
 B. s. Henry, treasurer of Connecticut : ''The first $1 900 that young man gets
 he should put in a savings bank. make l this statement in entire disinterestednes l The first savings should be guard against
 ill health. The fund should be sort of
 life and health insurance. The first few hundreds should be carefully husbanded and safely invested. The availability of
 the fund when invested should be first I considered and then the matter of interest. After this first investment man can look
 out for investments paying larger. A man
 often puts his first few hundreds into busi
 ness. Local real estate is also good, but in neither case is the money available for
 immediate use as in bank. Real estate
 investments should only be considered af- ter man has secured larger amounts to
 invest. If man is working on salary it
 might pay after 8 while to invest in a home, but if Q man is in business he can
 better afford to rent g house and use his
 capital in his business"
 T George M. Paulk: "A savings bank as
 a rule is best. Yet good investment for
 $1 900, if it can be secured, is first mort
 gage upon property worth, say $5, 900, man, and he paying the taxes. There is
 you this note is not reliable the investment
 is not so desirable. Care should be taken to obtain the mortgage upon property that
 will not depreciate in value. On the whole, if it can be obtained, prefer a , bottom mortgage on real estate." MT. Paulk thought the young men of to day l have opportunities to make money not en. , ioyed 40 or 50 years ago.
 Eli I. Smith s"The best investment 6
 young man can make is in real estate, al present. The banks only pay 4 per cent : I used to think there was nothing like bank stock paying per cent, but witt the present tax of 21 mills there is no much left of the interest after the tax is paid. Rockville men are not spending much money in western investments a ] present. The experience of few in min ] ing stock while ago has discouraged T them. prefer real estate. Why, ove j. there is block that pays 15 to IS per cent : on the investment"
 Another: "Circumstances alter cases but generally first mortgages at fair rat : [of interest are best The safety of the in 0 vestment should be the first consideration e Then reasonable rate of interest shoull e be obtained. Then let the investmen
 alone and keep at york;
 Thomas Bowling said the question wa 2 not one he could answer off hand. Cir U U cumstances would materially alter the case J. 0. Hammond "How young mai
 should invest his first $1 ,OO0 depends up f on circumstances. If he knows a bushes
 we'll should advise him to go in for him @ self without partner. There is nothin, r like this class of training for a young man e It's discipline of the best sort. Yet if tn
 young man had good position with :; prospect of advancement into firm con q ducting an established business, shoul' |. say, keep on where he is and put his mon
 ey in the savings bank. I say put it il 2. the bank because, when the interest be V comes due, it is always added right to tn r principal With stocks and mortgages t the interest is generally anticipated an'
 squandered as soon as obtained. No on l. thinks of drawing interest from the bank l. If two young men should each start wit
 $1, 900, one putting it in the bank at pc n cent, and the other into stocks at pc IT cent do not hesitate to say that at tn It end of 10 ears the first young man woul
 come out ahead"
 i. George Talcott: "Put the money in o savings bank where there are no taxes an, l. A. per cent. interest. It is better than
 per cent. and the paying of taxes upon il ,t A western inancier told young friend C e mine the other day to put her money i
 the bank at a low rate of interest rathe IF than in western investments"
 Q B. c. Chapman thought that in no tw n cases would the conditions possibly b is alike. Some might have project in Tiff which they wished to accomplish, som d would want the money available, and otI If 0kD WOu1A uoc Ab aS 6Aup1c luNootIuou n As an investment there is nothing safe than savings bank There is an elemer
 of risk in every investment. MT. Chal u man said he had placed money for sewers g years, and had not lost cent of princips
 or interest, in investments that brought 5 le1 to 100 per cent higher rate of interes
 lthan savings banks pay.
 r,I Lebbeus BisselI: "If a man can get 1;s; per cent. double security on Rockvill d. real estate he had better take it, but Q wouldn't take the mortgage on farm sss ss Savings banks are more secure than an Y other class of Investments. Insurane n n stock purchased to-day commands such as premium that it is not so good to buy as
 few years ago. If young man had $1, ,0C " it won1dnt be bad idea for him to bull as a house worth $3. .000"
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