The sun. [volume] (New York [N.Y.]) 1833-1916, 1903-03-19

Opanis0 q . Flnsntier negarsiing He
Proper Investmont.

To TIE EpIToR or The SUN-Sir: The
question asked Of you to-day BY widow. as
to the best way of investing 5000. Is an APP
peal for advice Of sort often made 10 bust
mess men and fnanciers by people who. Ike
her. want to get q better return for their
money than II allowed by the law Of security
of investments. With little capital. they
think they could get the large relative income
Of which they have need N only men who
have been successful In making much money
by taking risks that violated that law would
tell them how TO do II: and whom the only
advice they can obtain In to obey the law
these men themselves have disregarded. they
are palned and offended by what seems to
them selhsh indifference to their necessities.
The Mount Vernon widow has had tips :.
to buy stocks. industrials. "coppers and
the rest IL you had printed her name she
would be flooded already with more tips
Of the sort, sure things" absolutely safe
speculations. which promise 10 give her from
10 to 20 to so per cent. income on her money.
And she might get II: bit. unfortunately, and
more probably. she might not. II she was
sure to do II. she wouldn't set the tips" for
tips" she may safely assume. come from
people VINO want to sell the stock-in other
words, from men who want her 5000 more
than they want the stock. She can pro-
coed on the assumption that II the enterprise
was the sure thing II Is represented to be
she wouldn't have a chance TO get into 1t
offered to her so freely II may turn out
better than the promise but she wouldn't be
solicited TO come In II IL was not venture.
a speculative risk. which she ought not 70
take. II II was sure thing she would get
no more interest on her money than the
law OF such security allows-not 10 and 20
and 80 per cont. but or per cent. or the az
per cent Of the savings bank. She can set
that down as an invartable rule. so far as she
is concerned. The greater percentages are
often made. as We all knof and as she is
truthfully told by her frienNs. but they are
made usually in selling stock rather than In
buying II.
New York and this whole country are filled
with capital seeking profitable investment.
go cheap. Prices are generally determined
by the degree Of security In the Investment
a few people fully and accurately, informed
as to the property, but y is soon elevated e
il goes beyond that price, as II may IN boom.
out. in the CONFIDENCE q buying II in AGAIN at
.dyiss Widow A With sa 70 take any
ys IN SS 9: e. net o e
ity In the invest ment would confine her even
il he has no heslt alton In putting. his own
morally osrtsin that the speculation j. ssfes
not Re point out the way By which widow
rich H sl.oi Il, therefore 70 nth The only ADVICE he
Is willing to give her V TO keep out Of the very
she thinhs only ~ Of him, a. man too selase,
She does not know. but he Knows Of Losses
he advises her II people only knew how
much money had lost. said man notable
rIches ssCured are merely sks pr.pondsr.nos
o. son ,bs ever than Men tS.q 70
ventures Take. wall Street speculation,
DO you And the crowd about the ticker in a
T. G Il usually q new coiiectio Of fsosss Yet
great fortunes are made In wall street. as
We all know.
ton. and we hear loud and true reports OF
them. The widow at Mount Vernon knows
Of a man who bonsht lots on Long lslsnd
that have gone from S,s2 to q goo In fvs
men whose land S on Tong long isl,nd has gained
even more: but 40 aiso know men who can't
f ~. :nS az orS Of 1ss
the law shi the Il ~ The
eyes q the thous snds Of sSpsrts Who are en-
lucky ventures In real eAate may. Be many
Sss ssy a. .n sS M e the ~ sSs
who fall in business enterpgises far exoeeds
the number Of those Who euccsed but &C.
curity l.sts The ssvin{s bank may Civ. 1. :
remains intact amid the RUNE Of sPscalsslve
'0. new YonK. March Is.