The ranch. [volume] (Seattle, Wash.) 1902-1914, 1907-04-01


provides one of the most unique plans
for the conservation of the savings of
the people of this section that has ever
been thought out
How shall invest my savings?" is
a question that the people of the north
west, the country of bountiful crops,
are now beginning to ask themselves.
The time was when the country was be-
ing pioneered, the land was raw and the
opportunities few. There was no mon
ey to save because every dollar went
back into the improvements that had
to be made on the home place, into
paying off the mortgage and the hun
dred and one things that took up the
money in those early times.
Now it is different. Savings bank
deposits are larger than ever before.
Statistics show that one out of every
eight persons in the United States Is
a depositor, wages are high and the
general prosperity is unprecedented.
Merely having money in some bank,
however, or in most banks is not really
the conservation of ones savings. True,
it is safe and remains money, to be
converted into ones desires at will, but
it does not give the owner the largest
possible RETURN, III ldCI, IL SlNSS III
return at all. To make money, which
is the almost universal desire, you must
make your money work. 1t is like own
ing piece of ground 1t will not earn
any money for it's owner until you
plant something in it or build something
on it. It is the same with money.
Of course every investor must know
the difference between investing and
specializing. Investing is the making
sure Of reasonable and secure income,
while speculation is the gambling on
futures, that the original capital be
increased. In investing, the original
sum remains the same and one gets the
income from it's earning power, while
in speculation one risks the original
sum and may lose it.
This latter is the dangerous way. The
t-rich-quick'' fever is spreading.
Lurid advertisements of stock in one
thing and then another appear in all the
publications, esq ecially those which adj
drss themselves directly to the rancher
These make rather extravagant prom
Uses of big quick returns. They are
daily tempting people to lose their saw
ings. They promise all sorts Of things
in return for small sums of money. It
is better to avoid such things They
are bad. And almost always they are
dishonest. The rich man who invests
in these things picks out the exceptions
to this rule always because he has his
own broker to advise him and his own
experts to investigate them, before he
puts in his money. The average man
or woman has no such safeguards. They
are often at the mercy of INSCRIPTIONS
people.
AS matter Of fact all investments
begin with the savings bank. The first
step toward accommodating money is
taken when the first dollar is saved.
You must save a little first and the
best way to save little is to put that
little into a savings bank. This Is the
simplest form of investment. It is the
safest. 1t is protected by law, and this
law often determines how your money
shall be conserved to your direct bene-
fit.
It was a symposium of all these ideas
that brought about the Incorporation of
the Bank for Savings in Seattle. This
bank was formed for the express pur-
pose of taking care of the savings of
the people. 1t does no commercial bust
ness and therefore is not open to any
of the pitfalls that face the average
bank. 1t is absolutely safe. Former
Governor McGraw is one of it's direc-
tors. Daniel Kelleher is it's president
and o. H. P. La Fargo is it's secretary.
Here, at least, are three names known
the length and breadth Of the state.
Throughout 1t is one Of the most
splendid plans ever conceived on the
north coast And the bank now con-
templates the issuance of a handsome
book devoted to an explanation Of the
bank and it's methods. 1t is a new
thing and It is so surely safe and Sc