The Brattleboro reformer. (Brattleboro, Vt.) 1907-1912, 1907-11-08


liable to be iretted away in unnecessary
expenditures,
The cooperative bank offers plain
straightforward plan by the ludlclous use
al which the wage Gamer, with any dc.
gree OF ambition To improve his cOndl'
lions ia life, can be greatly aided IA So
doing, Commencing perhaps ia very
small way. with only a lew dollars a
month, as lac sees the deposit Increase,
his interest j. aroused, aud his muuthlN
payment gradually Increased as ms Cir
cunistancrs will permit, When bad times
come the wage Garner n he has been
in the habit Of consuming all his m
come, finds himself IN an embarrassing
position, but II through self denial ana
iorcthuught lac has saved something ioi
rainy day. he can obtain a breath
ing spell until he again Is at work, lie
may have been able to save hut small
sum from his meagcr earnings, hut II II
il only $40, $50, OF even less, the sum
may he the means OF putting him on his
ircl again IN case Of misfortune ar STICK
ness. II is very noticeable, that IN the
case Of labor trouble, and strikes, those
who have laid by something IN the
nank and are compelled during the time
Of enforced ldleness 10 draw upon II,
quickly commence to replace n when
again securing employment, with the he
mark, II don know what ] should have
done without it," They are nearly al
ways Joined 10y Others who have seen
what good thing II has been To have
this secure anchor to the windward.
Let every young person begin early in
lie to save something, laying up Ger
tain portion OF their earning, each week
n. I..tt nj IA
step up in the world; the fact Of its
being saved indicates srll-denlal and pru-
dence and may he the germ OF future
happiness and independence. Some will
answer that they cannot save anything
from their earnings. 1t takes every cent
they can get to live. but even the
humblest classes have time and again
shown that there is scarcely a man, how
ever limited his circumstances may be,
who makes bold effort 10 improve hls
condition by working with diligence and
saving with judgment, that does not at
least partially succeed BE- not too am
Ditious at first, and do not desplse the
small beginnings. Industry, intelligence
aud persistent application m keeping at
1t, is what tells IN the end. The Gus
tom of starting with only one or two dol
lars per month for ms children, Is an
excellent one for the man OF small IN
come, by which fund may be gradual
ly accumulated that can be- used Tor a
mOn liberal education Tor the boy or
-irl in later years, and also be the means
II teaching them to form the habit oil
saving their small earnings, OF course,
Il requires some courage and much sell
lenial to every month feel compelled to
regularly lay by certain definite sum
rom somewhat limited earnings, when
50 many things are seen one would like
to buy while, if he retains the surplus
IN his pocket, to use the common eN,
preston, 1T is apt to burn a hole in
MS pocket and slip away IN needless
expenditures.
Henry Clews, the famous New York
banker, referring to investments has
said Invest your money where the
principal is safe and You will get along.
But don't forget the acOrns. 1t Is from
little acornS that great oaks grow. See
that yOu begin Alright early ~ lie. Save
your money with regularity. By so do
ing. you will more than save money, you
will make money. The hrst consldera.
ton of the wage Garner, whose financial
possessions are, as rule, not large,
should be the safety Of his investment;
dividend can be secured, but the striving
10 make larger additions to the deposit
Oy systematic effort to save larger
portion of his income. There Is Il great
attraction to the man of small means IN
any scheme that holds out to him
short cut" in the requirement OF com
potency. Those in positions to know can
testify that the small wage earners were
the principal patrons of the Louisiana
lottery in the days OF its glory. The
10 per cent. per week Miller, Franklin
syndicate, which in only nine months
took in over 100000 from its victims,
and the more recent Turf company en-
terprises in large measure drew their
funds from the hard earned wages OF the
working men, who were led into them III
the belief that they would reap Il great
return from their investment III short
time, by getting in on the ground
floor, as the saying was in the days
of the delusive bond and endowment
schemes which wrought so much mis-
chief and extensive loss among the wage
earners of this state only few years
ago. As to this expectation OF IN some
way getting the results of SOME other
man's labor, without labor OF Their own,
the saying of Benjamin Franklin is as
true as when made, more than one hun
bred years ago: IF any one tells you
that the working man can become rich
otherwise than by labor and saving, do
not listen to him, he is polsoner.
And the thousands of those who have
invested their hard earned dollars in
these many schemes, which looked 50
promising, have learned the bitter lesson
that every time man tries to get some
thing for nothing, he simply acquires
little more experience, apd some other
man has his money. About two years
since, in newspaper of my own city,
appeared the following advertisements.
The first read: Money in banks brings
little returns. The same invested IN cop
per or gold stock will return handsome
dividends later. Ground floor. Shipping
ore. Address Box l5." Some of those
who accepted this advice have per
manent investment, and are looking for
the dividends that were to come later.
The second read: 80 Savings Bank and
Cooperative Bank Depositors Persons
depositing money will receive valuable IN
formation by sending their full names
and address to Box so A short time
later, it developed that oil stock was
being doomed" among the people OF the
city by one of those smooth talking dis
1ensers of these gilt edge securities ana
rmong others he induced a wage Garner
to purchase a considerable amount with
some of his savings. He was so fully
convinced of the wealth that was to-
,ome from the Investment that he en-
leavored to interest neighbor who was
employed on the railroad in the good
thing" the chance of a life time, and
Join with him in the investment. The
neighbor was, however, rather sceptical
and could not be brought to see the
glowing prospects that seemed so clear
to the other. Finally, out of patience
nt Lis nnhelief he exclaimed "Mell |