Wadsworth semi-weekly dispatch. [volume] (Wadsworth, Nev.) 1899-1904, 1901-12-06
FINANCIAL TALK NO.. 3.

James Gordon Bennett Commenced His Bust.
ness Career Without a Penny, Cierking in
a Boston Book Store-lt Took Fourteen
Years Of Hard Work, Good Habits and
Scotch Economy to Give Him First Capital
of a Few Hundred DoIlars-he Did Not
Look Down on Humble Beginnings,
for With This Insignificant Capital he
Started the New York Herald in a Cellar
BY Enterprise and Thrift He Built a Great
Newspaper and a Fortune of Many Nil.
lions.
INTERESTING STATIsTIcs-Properly
presented, we see no good reason why
a certain class Of statistics should not
be entertaining as we'll as instructive.
Presented in a dry form it is not diff
cult TO understand why they should be
modifying for the very reason that be-
Ing uninviting no one reads them. Ed
ward Quincy Smith Of Washington,
D. c. presents this gem in a recent
piece Of advertising matter. 1t is
given here as a good example of how
to relieve statistical matter Of its dry
ness:
Fewer men spend all the money
they earn than one would suppose. A
few spendthrifts in every community
lead the most sensible young men to
wish, at times. that money grew on
bushes. But when one finds a young,
or middleagsd spendthrift, he also finds
a broken down old beggar, as a living
example Of the s%pendthrift's future
state. 1t is estimated that, aproxmi-
ately, fifteen millions of people in the
United States r directly or Indirect
ly interested in building and loan asso-
Citations, and the aggregate savings Of
these people, probably is not less than
six hundred millions of dollars, while
the savings banks Of the country hold
a great sum belonging to still other
millions Of thrifty American people.
And fewer families occupy rented
homes in this country than is generally
supposed. In 1890 there were $780,
Isl families in the United States,
6,o666,4l Of which families occupied
homes that belong to them-4. 3o9, SGT
Of these homes being free and clear Of
all in icumbrance. 1t is a we'll known
fact that tn, building and loan a~ssocia-
tons have been the means of supplying
a larger percentage Of homes to the
peoples than any other single agency
B. & L. Herald.
Every great fortune had its first
foundation laid In small! savings.
We loan money at moderate rates Of
interest on a definite contract to be
returned in monthly installments. We
receive deposits in either small or
large amounts to be paid monthly in
regular or irregular payments or de.
posted in one lump at a time. on which
deposits we guarantee and pay fixed
rates of interest, according to the plan
accepted, from five to ten per cen,
per annum Deposits received from
50. up.
For further particulars apply to
either G. G. Duncan or L. F. Griffin,
special agents Of the Phoenix Savings,
Building and Loan Association.
Wadsworth payments may be made
to George Abbay, Asst. Postmaster.
Note our strong board of directors:
A. A. Watkins, vice president w.
w. Montague & Company. and presi-
dent San Francisco Board Of Trade;
Chas. r. Bishop. vice president Bank
of California; S. Prentiss Smith. as
sistant cashier Bank Of California;
George c.. Boardman. general agent
Aetna Fire Insurance Company, and
director San Francisco Savings Union;
Charles E. Laid, Ladd & Tilton, bank
ers. Portland. Oregon; Gavin McNab,
attorney-at-law. San Francisco; Clar-
ence Grant, late Building and Loan