The morning call., 1891-12-13

man In New \ OTk who does not receive IN
his mail every morning requests for infor-
nation as to the best way to invest small
sums If money.
But business men have not time nor in
cIinatiOn TO answer these inquiries. Win
view of obtaining some opinions on the sub
jpct, a reporter called few days ago
upon several of the most prominent and
successful business men OF the country
noted for their shrewd investments, and
asked them TO give their opinions of the
best way T. invest 500.
Roswell T. Flower lost no time in turning
the subject over in his mind.
'If | had 500 to invest and lived in
thriving town." he said, Il should put 1t
into real estate l should make that my
bank for the reason that we have only about
twenty people TO tho square mile in this
country, and better government than any
other country in the world
France has less population according to
her territory than England Germany, Italy
OF Belgium. II l am correctly informed on
the subject the populations to the square
mile Of those counties are: England 800,
Germany 223. Italy 27l, Belgium IA, France
1874 AS immigration comes in and settles
this country, as il will, and our population
rises near to the point Of the French repub-
lie the price Of land must advance You
cannot duplicate land you can duplicate
railroad stocks and bonds and other corpor-
ate property"
The Governor-elect said that from the
surplus populations Of the old countries the
square acres of the United States are be-
coming rapidly settled. In referring to En-
gland he quoted from Goldsmth's passage
on The Deserted Village:
A time there was ere Engand's grief began.
1t I'd IL IN
Mr.. Henry Clews, the famous New York
banker and distinguished author, who has
earned a reputation for his sound judgment
In al matters relating TO investments, said:
The best investment for 500 is to place
Il in a good savings bank and make it the
foundation to build upon by frequent ad-
ditiOns to IL. When the amount gets large
enough, the first acquisition of property
should be u buy a homes teaf, aud when
that IS accomplished, it will give such CON-
fort and peace Of mind to the owner and his
family as to make life worth the living.
when a man IS known TO own his own
house il gives him a status in the community
greater than anything else. 1t also gives
him an established credit which, when OBJ
tanned, If judici0uSly and cOnSeIYatiyely
used, will make it much easier to acquire
this worlds goods.
The hest of citizens are those who own in
fee their homes and their contents, for it
develops qualities in mans nature that
otherwise may renlain dormant, or hidden
like light under a bushel.
among these qualities are pride Of posi-
ton, which will keep a man respectable;
the love OF country, which will make him a
patriot ana almost more than anything
else, contribute TO make him, not only re-
spected by his neighboTs and friends, but
also a good and faithful husband and low
ing parent No surer foundation can be
laid to build upon than this for the attain
ment Of riches; First obtain a proper start,
however small, aud continue to build up
slowly hut surely. Nothing can be more
strongly demonstrated than the growth of
the hgge, rugged oak from the original
acorn"
Dr.. Chauncey NJ. Depew, the genial Presi-
dent Of the New York Central and Hudson
River Railroad Company, whose popularity
extends the world over, advised that the
500 should be made to grow to a thousand
before being invested in any enterprise.
Put 1t in the savings bank" said the
learned doctor, where il can draw COM
pound Interest and add to it as you can until
wise, conservative banker, and invest it
In gilt-edged bond which can be regis
tered. There is no investment for 500
except to put 1t into savings bank that is
absolutely safe. OF course banker famil-
lar with securities could select some stock
which would be perfectly safe and put 500
Into that. but small investor has no facili-
ties for finding out what stocks are safe
and what are not The chances are that ii
he went to inquire he would meet specula
tive gentlemen who would land his 500 in
some mining or other similar scheme which
promised large returns, and that would be
the end of it,"
Mr.. Erastus Wiman, who +. identified
with some colossal enterprises, IS of the of
the opinion that Tine best way to invest
500 Is to buy a share in some well-managed
loan and building association. These as
sociatlons represent the aggregate savings