Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-06-30
SAVE AND INVEST

Several Of the speakers at the con
ference Of the Ensign stake last sun
day. referred very pointedly 20 The
necessity and advantages OF saving
Tho saving necessary TO build a home
was mentioned and the fact that SOW
eral OF the towns OF Utah are now try
ing 20 sell bonds for local municipal
improvements, was referred to as proof
that people who have money on hand
can aid their city by the purchase Uf
its bonds, can keep the interest paid
at home, and can aid themselves to-
ward financial independence by the
practice OF economy and the develop
ment OF the saving habit
An eastern journal points out that
not since the panic OF 1907 have bonds
generally been 80 cheap az they are at
the time this article IL written. An
opportunity Is thus afforded for the
average mat and woman with savings
or other fuItis TO invest to get some
high class securities at very satisfae-
tory yields. These are facts about the
whole investment situation that every
Investor should know. because they
will possibly enable him TO meet
similar state of affairs when It develops
again.
says a writer in the Saturday Eve
ming Post.
GO back Ave years 10 the time when
business was booming and when every
body was prosperous. That was nm
era OF great saving, and the result
was that although the securities MIL
ground long and fast there was con-
sumption OF all the bonds issued. The
simple reason was that the peoples
money was finding its way TO the legiti-
mate investment channels. With the
panic OF 1907 the wheels OF industry
stopped, incomes shrank and saving
was checked. When business did pick
up the saving habit received hard
iol. in the increased cost OF living The
man who had formerly saved twenty
Ave or thirty dollars month now
round Il difficult 10 make both ends
meet. The effect was at once noticeable
In the bond market, for the demand for
bonds began to decline and II has gone
down ever since. The saver has dem
nnstrated his Importance"
To-day. bonds are cheap; and those
who have been prudent enough to saws
m times OF prosperity can now take
advantage OF the present period Of quiet
business The advice Of conservative
bankers and OF well known and sue
sessful business men should always be
sought before investing Generally II
IL safer to invest at homo than In
distant projects.
"A penny saved is a penny earned"
says an old proverb; and a penny In
vested means a good thing for a thrifty
people
Many persons suppose that the few
hard earned dollars laid away by peo-
Die Of small means amount 10 very lit
tie: but let an entire community de-
yelop the habit Of saving money for in
yestment. and II viii be found that
the pennies Of the working classes cx-
rrt a vast influence on the growth and
wealth OF the community In which the
people save.
At the present time In Utah, almost
every town could use with profit many
thousands OF dollars In providing
,lectric light and power. better water
systems. and improved sanitation; but
they cannot make these improvements
simply because not enough people have
saved 20 enable the municipalities q
dispose readily OF their bonds
Dry farms. reservoir projects, and
numerous other forms OF Industrial en-
tcrurise today are looking for capital
with which 10 carry on their needful
expansion and Improvement; but The
capital Is difficult to get because an
era Of extravaEant spending is upon
us The Eastern financial reports show
that within tho past month we have
soid nearly sso,OoO.O00 OF our bonds
abroad These bonds include nearly
$50 900 OF Chicago, Milwaukee ST.
Paul dsbentures: Si0OO0Co0 Of New
york city warrants; $4,000. 600 OF Cleye-
land. Cincinnati, Chicago q ST. Louis
debentures and some New York Gem
trail equipment bonds.
This, the hnanciers say l. a most
unusual occurrence, because for years
Europe's purse strings have been, IN
the main. tightly drawn against Amer
Jean Investments Of this kind Tho
Europeans bought stock principally
This sale showed that we have not
been able 20 consume our securities
ourselves. and had 10 find a market
in Europe
II would be vastly better II more OF
the local securities could b. held AT
home. for then the interest money
would remain here to build up our own
community However II other enter
prises pay better returns than bonds,
they should be preferred II entirely
safe. The important thing is TO save
and then TO invest In successful enter