The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-12-13


tableT-"Invest in Real Estate''-"Pu
1t In q Savings Bank"-''Get a Gil
Edge Boad"-"8uy Share ia q Locl
Building and Loan Association.
"There Is Only One Man Out of 80 oo
Who is at all Capable OF Caring fo
Himself"
Copyrighted, 1891
NEW YORK, Dec. 12.-Hundreds o.
thousands of thrifty young men and women
throughout the United States, who are am
bilious 20 secure a competency for their old
age. are at loss to know how to invest
their small savings to advantage. There Is
scarcely successful business man In New
York who does not receive IN his mail every
morning requests for information as to the
best way to invest small sums OF money.
But business men have not time or in
clination to answer these inquiries. With q
view of obtaining some opinions on the sub
ject reporter called a few days ago upon
several Of the most prominent and success
full business mon of the country, noted for
their shrewd investments, and asked them
TO give their opinions OF the best way to in
vest 500.
Gov.-ELECT FLOWERS VIEWS.
Gov. ELECT Roswell P. Flower had scarce
" recovered from the strain Of his cam
paign, but be lost no time in turning the
subject over in his mind.
elf had 800 to invest aud lived in
thriving town. he said, II should pue it
into real estate. should make that my
bank for the reason chat we have only
about twenty people to the square mile in
nfru and n batter nar
any other country in the world.
France has less population according to
her territory than England, Germany. It
ally or Belgium. If am correctly informed
on the subject the populations to the square
mile of those countries are: Eng
land 302, Germany 223, Italy 271,
Belgium 544. France 1S4. As immigration
comes in and settles this country, as it will,
and our population rises near to the point
must advance. You cannot duplica'e land; ;
you can duplicate railroad stocks and bonds
and other corporate property"
The governOr-elect said that from the
surplus population of the old countries the
square acres OF the United States are be-
coming rapidly settled. In referring to
England. be quoted from Goldsmith's pass
age on "rhe Deserted Village.":
A time there was, ere England's grief began,
When every rod Of ground contained its man.
MR. oIEws SAYS buy HOMESTEAD"
Henry Clews, the famous New York
banker and distinguished author, who has
earned reputation for his sound judg-
ment IN all matters relating to investments,
said:
1.-THE best investment for 800 is to place
1t in 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 to buy homestead, and when
that is accomplished, it will give such COM
fort and peace Of mind to the owner and
bis family as to make life worth the living.
when man is known t. own his own
house it gives him status in the commune
~ greater than anything else. 1t also gives
him an established credit which, when OBJ
tanned, if judiciously and conservatively
used, will make it much easier TO acquire
this worlds goods.
The best of citizens are those who own
In fee their homes and their contents, for it
develops qualities in mans nature that
otherwise may remain dormant or hidden
like light under bushel
Among these qualities are pride of posi-
ton, which will keep a man re3pectable:
the love Of country, which will make him
patriot and, almost more than anything
else, contribute to make him, not only
respected by his neiGhborS and friends. but
also good aud faithful husband and a low
ing parent. No surer foundation can be
laid to build upon than this for the attain
meot Of riches. First, obtain a proper
start. however small, and continue to build
up slowly but surely. Nothing can be more
strongly demonstrated than the growth of
the huge, rugged oak from the original
acorn"
OFT A sG,yr r~r1cr0 10n,,>u $780, -
DR.. Chauncey N. DeDew, the genial presi.
dent OF the New York Central aud Hudson
River Railroad Company, whose popularity
extends the world over, advised that the
500 should be made to grow to $1,000 be-
Tore being invested 10 any enterprise.
Put 1t In the savings bank said the
learned doctor, where it can draw COM
pound interest, and add to it as you can I'M
I'll it becomes $1,000. Then consult some
wise, conservative banker and invest il In a
Rlt-edged bond which can be registered.
There is no investment for 500
except to put it into a savings bank that ia
absolutely safe. or course O banker famil-
lar with securities could select some stock
which would be perfectly safe and put slOo
IN that, but a small investor has no facili-
Ties Tor finding out what stocks are iafe and
what are not. The chances are that IL he
went TO inquire he would meet speculative
gentlemen who would land his 500 In some
mining or other similar scheme which prom
ised large returns and that would be the
end of it."
ERAsTUS wIMAN's SOUND ADVICE.
Erastus Wiman, who is identified with
some colossal enterprises, is OF the opinion
that the best way to invest 300 is to buy
share in some well-managed local build
ing and loan association. These associations
represent the aggregate savings of their
members and the money is invested only in
houses built by one of their own number.
The investment is therefore very safe one.
because men will pay for their homes and
the interest due thereon sooner than they
would pay for anything else. The money
can be withdrawn, If need be, while it rests
with the society, and it pays as good an in
terest as any other safe enterprise can
afford. Compared with the savings bank
1t yields about twice the interest, while the
security is generally just as good.
''Of course all depends on management.
but taken as whole the moaey of the poor
people put into building and loan associations
has been more honestly administered by the
poor themselves than has been any other
financial trust in the country. In propor-
ton to the enormus amount invested. which
now reaches over 800, 900, 000-reaching
that Of the capital of all the national banks
the amount Of defalcations mas been in
finitesimal.
"The rate Of interest paid has been larger
the purpose accomplished nobler and the
security just as safe as that of the average
railroad, bank, mortgage or insurance in
vestment. Iput Sl00 away every month In
building and loan association. conscious