Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1893-01-22
WHERE PROFITS FALL AND
RISE

10.
WHERE PROFITS FALL AND
RISE.
While the rate of interest tends In
the main steadily TO fall the rate of
prOht In ordinary business wherever
Tree competition prevails. tends To keep
1t company la enterprises more or less
exempt from competition profits may
steadily rise. In community where IA
company supplying water has mono
poly charter. growing dividend attcnds
growing population. The railroads
running through the principal streets OF
u city Iuorc than share in the city's
prosperity, for MS the city extends. even
more does traffic, us rule expand
Speaking generally It would seem TINT
the electric roads, which are doing 40
much 10 develop broad mbnronn areas
ana TO knit together villages aud towns.
may prove very desirable investments.
Before the advent of electric lighting
the gas companies earned profits which
constantly rose. They still hold their
own pretty well against their menucng
rival and they mny yet lind as good
field in providing fuel aud motive power
US ouce they enjoyed in exclusively
furnishing light The more generally
electric lighting Is adopted Ia com.
munity the cheaper is the service. % fuct
not 10 be lost sight Of IN considering the
competition between gns and electric
illumination. In more thnn one city
there has been combination of gus
ana electric interests, Il significant move
meut.
In variety Of industries, once COM
petltve, the very magnitude of opera
ton has led the way 10 more or less ex-
empuon' from competition, Because
profits IN, let us say, sugar refining were
very small when competition I'm this
line was free. tie only plan to make "a
refinery worth the running was to hHyp
It's output very large. Hence we saw
rchneries increase enormously IN size
aud diminish in number.
As their owners became few COM
biuation among them was eusy, and 50
the sugar trust-typlcnl of scores OF
other trusts-was born. The share
and bonds of concerns form growing
part Of the offerings at the stock eN-
changes, So many elements of risk at
tend their withstanding full and free
competition that women do well 70
shun them as Investments especially
us the stocks Of some Of these trusts eV-
emplify the art of the promoter and IN
llatonist at their worst. Even la buy
lug shares la winter. street railroad
or lighting company. Information H.
needed as To the extent of privileges
and their period. Information viii h q
woman finds II hard 10 get and harder
still ~ estimate in value. As class
Investment Of this descriptions are not
suitable for women with very limited
means. Where the cnpitnl at command
Is fairly large one may be justified IN
taking a moderate risk for this minor
reason among others Of more weight
1 10 Is often very convenient Ia realize ~
viii few hundred dollars. An invest
ment Ia shIrs IL dcvisohle. and any
part ~ II desired for the EXPENSES Of q
tour or what not, is ot ones instant
disposal
real. ESTATE MORTGAGES
Where the element Of risk nsepara.
! BILE from any joint stool, investment
must be avoided n larger return than
thnt paid on good railroad or municipal
/ bonds can usually be- obtained on morn,
| garr loans Here the sound rules are
| only 10 lond on improved or rented
| property and never Ia advance more
| than one-hnf what II would sell for "
/ brought ~ tho h1mmer The loan and
! the interest fhoud be made PAYABLE IN
| gold To provide against the loss aud
/ trouble Of having 10 invest at an
/ nwkard time Il should be- agreed that
I IN tho event Of the lender being
/ OBLIGED for any reason 10 take hnck the
money before the term Of the loan cX-
| pres. pcr cent should he paid In
| adlition 10 the sum loaned A vast
\
! 70 invpstors especially by Western
/ borrowers. and. commonly, at very
tempting rNtns In answering these
offers u should ho horno IN mind TINT
everything rs in favor Of the lender on
the spot ns AGAINST The lender nc a Dis
tarce. Whore as often hopnens, the
fnrrcr relies on single Kind OF crop.
wheat. cotton mr. corn there Is apt 10
DO serious trouble when The crop fails.
Tho whole business of lending, H..
whatever the security, unsatisfactory
because Of ,he inexomble fall In the
rate Of interest morhnge loan
effected In New York or Philadelphia
TEN wears ngo M per cent ma
lures m 1892. and the borrower II he
plenses can now renew 10 at per
cent Municipal aud railroad bonds Of
the best class when they mature can
always he replaced with new issuo
nj reduced rate What h woman 10
do whose income at per cent
barely supports her with STRINGENT
economy IN face Of tho probability that
ton venrs hence she mny have 10 nc.
cent 3 per cent Unsteady Shall
she quietly settle down io the prospect
Of downright wantf Fortunately she
need not ~,
There is way ont for her What
that way ont Is viii he indicated next
week, tihoiufh LIES
HOW TO GUESS A woMAN'S AGE
A volume OF memoies has been pm
lIshed giving the experiences of frenci