The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1906-08-31

| OF local investments. IN putting every
! spare dollar I've got into them, and |
always advise investors TO go into them.
We're planning-Hal and Ito set
up a gas plant here. The city needs ii,
and it'll pay from the word go. I'll tell
you about that tomorrow. You see,
want you to know just what we're do
ing and planning and then We'll find
the best places for you to put your
money into It's getting late now, so
Wen drive back to the bank. | told
the cashier to wait for us, though of
course it's after banking hours"
On their return to the bank each OF
these men felt he had put in good
days work" Tandy was sure that by
letting the young man have a few
shares in firmly established enterprises
he couM rope him in" as he phrased
it in his mind, for the purchase Of some
more doubtful things Temple, in his
turn, was convinced that by buying in
to some of Tandys more speculative
enterprises he could ultimately secure
the shares he had been set to buy in the
Y National
The Geographic reply from the New
York bank had been received and was
altogether satisfactory, so, late as il
was. Temple drew on New York for
$4,000 and, with the draft opened a
deposit account for that amount in
Tandy's bank.
Then he went TO his hotel His first
impulse was TO send message to
Captain VIII Hallam asking whether
he might take the barrel factory stock,
and perhaps some other things of like
kind IN aid of success in his mission,
but upon reflection he decided to act
upon his own judgment, without con
sultation or advice. Hallam had given
him free hand, leaving him to work
out the problem in his own way. Any
communication between him and Hal
lam or between him and Duncan would
involve something of risk. So he sat
alone In his hotel room, thinking and
planning.
He did not know or dream how anX
ious Tandy was to draw him into some
of his schemes He did not know that
both the barrel factory and the gas en-
terprse had recently become veritable
white elephants on Tandy'S hands. He
did not know that Tandy, in his eager
ness to overreacn Hallam, had stretch
ed himself out like string as Hal
lam picturesquely put it, by investing
more money in these two companies
and several others than he could just
then spare. Especially be did not know
that Hallam had himself completely
organized and capitalized both a gas
company and barrel company and
that Tandy's two companies represent
ed an unsuccessful attempt to rival
enterprises into which Hallam had
"breathed the breath of life
He was surprised, therefore, when
bell boy brought him Tandy's card as
he sat there in his lonely hotel room
planning the morrow's campaign.
Il thought you might be lonely" said
the banker as he was ushered into the
room, seeing that you're a stranger in
town, so l have dropped in for a
chat"
The chat very quickly fell into finan-
cial channels. and it did not proceed
| far before shrewd Richard Temple dis
covered some things of advantage to
himself. Among the things discovered
was the fact that Tandy was some
what Overanxious to hasten the busi-
ness in hand. He listened with every
! indication of interest to all that Tan
/ DIV had to say concerning the two still
unlaunched enterprises-the barrel fac
/ tory and the gas company. He asked
/ interested questions concerning them,
and ut last felt sufficiently sure Of his
ground to venture a little farther.
Il am inclined to think" he said,
that | shall want to take at least a
little of the barrel factory stock to-
morrow, and possibly l may subscribe
for some of the gas stock also. OF
| that | am not yet sure. But before
take either l must invest four or five
thousand dollars in something abso-
! lutely secure | have been going over
the latest reports of your bank and the
other one - Hallam's - and they have
impressed me with the conviction that
the very best and safest investment a
man of small means, like myself, can
make i'm this town is in bank stock
This city is point at which so many
lines of travel and traffic converge that
the exchange business itself must be
sufficient to pay a banks expenses. In
fact, it pays more, as the reports show
And then there is the larger business
lending money on sound enterprises
financing industrial companies and es
pecially advancing money on bills OF
lading for goods i'm transit. In view OF
all this II surprises me to learn thai
the stock in the two banks here stands
only a trihe above par"
ooh, that's because Of two things
People here have got IL into their head:
that anything less than 10 or II pei
cent as a return for money invested Il
ridiculously small. SO they don't wan
bank stocks. On the other hand. th'
eastern capitalists have got it into theft
heads that anything which pays NOR,
than or per cent must be risky, anC
so they don't set up banks here, al
they surely would do but for their fool
ish timidity. The prospect of a big re
turn for their money simply scare:
them out of their seven senses. >,
Hallam's bank and mine have a mo