The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-02-02
SATURDAY. FEBRUARY 2. 1907.
Learned men in all ages have been
observed to be very poor; they COM
plain of their honest mlscries.-Jeremy
Taylor.
Home Investments.

Hon. w. U. Hensel, prominent lawyer
of Lancaster, Pa, recently delivered be-
fore the board of trade of that town an
impressive address on the wisdom and
Importance of investing at home. He de-
olared that the surest and largest sue
cesses achieved in the business world
have been through the application OF To-
cal capital and energy to local resources
and industry. land in the proportion That
men have abandoned the search for the
foot of tho rainbow have they found
the traditional pot of gold"
Mr.. Hensel told his audience that dur
ing the past ten years half million
dollars had gone out annually from Lam
caster county. whose investors never got
1.-THE baseless fabric of a vision for their
money, and as much more from which
the rsturns were slow, painful, fragmen-
tary and uncertain. Il have this day
clos a out a transaction in Arizona" said
he. .in which Lancastrians ware largely
Interested. that paid IS cents on the 81
after eight years of yexatious legislation
Yesterday / was consulted by plain
farmer who had invested $1,000 in far
away gold mines, which j am confident
viii never yield him 1000 cents Last
week woman client brought me her
books in foreign building association
that stopped paying dividends three years
ago and now gives faint promise to pay
% per cent. on the principal of her
Investment"
He expressed the opinion that three
presented for away-from-home enter
prises in mines and development compa-
MES. bond and investment securities, are
conceived in iniquity. and the remaining
fourth are so uncertain that they should
only be accepted after careful invcstlga-
ton and disinterested report
The experiences OF Lancastrians have
been duplicated many time in Rich
mond Some of our folks have prohted
by their experience If not by their in
vestments, but others continue to take
stock in all sorts of foreign schemes
which promise magnificent returns" We
hope that their dreams will be realized,
but fear that most of the investors are
doomed to disappointment. OF course
there are gbod gold mines and copper
mines and oil fields and there are profit
able enterprises In various parts of the
country. But there are also many such
mines and enterprises that are worth
less. and 1t is the stocks of the worthless
and doubtful concerns that are usually
reddled. The good ones do not have
to he haBked about. Before one nuts
his money into such ventures. he ought
TO be sure that the agent who offers
the stocks is honest and reliable. and
that the investment is reasonably safe.
A Virginia Governor was once offered an
interest in 4 Itlondike gold mine. and tho
offer came from such a reliable source
In New York that he accepted IT, and
in kindness let q few friends in ION the
ground floor" The offer was honestly
made. but the man who sold tile claim
70 tile New Workers was a scoundrcl and
sold what did not belong to him. The
Governor and his friends lost every dollar
they paid in.
betler Keep your money at home is Mr.,
Hcnsel's advice, and it Is our advice.
Richmond is today one of the most
substantial and progressive cities in the
United States, Investments made ut home
IN lands or in substantial enterprises of
whatever character are safe and promise
good returns, Moreover, every dollar thus
invested helps tine community by so
much, ana every citizen of Richmond nee
ossarily shares more or less in Rich
n:ond's prosperity. save your money
ana help your city and yourself by in
ycsting at home.
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The Railroad Tax