The Vinita daily chieftain. [volume] (Vinita, Indian Territory [Okla.]) 1902-1913, 1912-01-11
SEVERAL THINGS TO
Be CONSIDERED

New lOfk, Jan. tl--NOW lnal lue
old year has gone and one is able to
look the twelvemonth over carefully
there are several features that stand
out significantly. thing which will
interest the investor with moderate
means is that the stock market has
been uncertain and not as attractive as
was hoped, but on the other hand, the
bond business has been good, the total
bond transactions for 1911 being in
excess of 1910. Corporations played
an increasingly important part in our
financial problems and prospects. Nine
or ten months ago industrial and Do-
litieal uncertainties depressed the sit
nation, but from this big business"
has largely rallied. This may be due,
in a meas re-, to the fact that the pub
lie has become reconsiled to large ag-
gregations of capital. The public is
now placing/the emphasis Of condemna-
ton on unjust and Improbable COM
binations. AS the attitude of the pub
lie has changed the number of small
investors holding stock in great cor
porations has greatly increased.
The Great Middle West SeIf-Sufficient.
1t is a notable fact that for the first
time in many years the interior did
not call upon the east for aid at the
crop moving time. This would indi-
cate that the banks not only in the
large cities of the middle west but
also the smaller country institutions
are strengthening their position. While
of course, the latter cannot get through
a crop moving season, as a rule, with
out calling in the aid of big city banks,
it is significant that the middle west
as a whole was sufficient to itself
financially.
Another gratifying feature is the fact
that there have been few reductions
in, or suspensions of, dividends. At
the opening of 1911 there was plenty
of dire prophecy to the effect that
stable investments would bring small
returns. This prediction has, in the
main, proved false.
Investing chiIdren's Savings.
Most children are taught to save. In
many cases the reserve fund does not
get beyond the first dollar; in some
cases the sum runs as high as 500 OF
5000 Parents do not always appreci
ate the benefit in interest money ant
example that will come to the child
by investing this money wisely. T. B
Lyon, an eastern banker, writes point
edly in The New York Tribune on this
question:
Everyone is born with an instinct
to get ahead in the world, That is tht
reason why saving becomes a habit
with children as soon as they are able
TO distinguish penny from cen
piece. When the savings amount t
80 cents his father supplies the neces
in the boys name in the savings bank
This account may INCREASE until hi
passbook shows a balance Of $l00
This is the point where the far-sighted
thrifty parent should step in and OBJ
tain for his boy the same 5 per cen
he is receiving from his own 81 ,O0l
bonds in sthe vault. Why hasn't h
done this? Probably because he didn'
know it was possible. He didn't ap
preciate that he could purchase Il
500 and $500 denominations bond
that are legal for trust funds, higl
grade bonds of standard railroads, frs
mortgage bonds of public utility col
porations whose stability is shown b,
their many years of successful opera
ton. furthermore, bonds Of thes
classes are bought and sold daily o.
the New York Stock Exchange.
plenty of Good 500 Bonds.
Father possibly didn't realize tina
another exceedingly important and al
tractive feature is their market. TIL
father asks where could they be sol
quickly should an occasion deman
liouidation. The answer is: Simpl
20 to a reputable $10O bond house.
S1OO bond can be bought from or sol
to the mas easily and quickly as
$1,000 bond. Thus you can buy SAT-
conservative bond for 500 yieldin
from 4 per cent to per cent and Sc
it easily"