The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1915-12-09

to separate you from your mo-
neI. The warning is particu-
larly o%pportune now: Beware
the promoter.
If you are offered any scheme
to make money, see your bank
er. If it offers over six per cent.
turn it down on general princi-
Piles. The promoter finds poor
picking when you take his pro-
position to the bank man. Ask
the banker; Would YOU go into
this with the banks money?
and if he wouldn't don't you.
Years ago a Western concern
organized a bank and offered
the stock broadcast. 1t was a
clever scheme-a good scheme,
and a profitable one. 1t had
much merit and should have
come to a better end. But it
was too good, and the promot-
FER could not stand the prosperi-
ty that it brought him.
Two hard working miners
got interested and sought the
advice of their banker. He adj
vised against it. But it pays
ten per cent. and you o%nlyfour;
and besides, they say the stock
| will double in value in a year,
Yes, all that may be true,'
said the banker, but you're
not strong enough to take the
risk and for the possible profit
you can't afford a probable
loss. They went in and in less
than six months the bank went
broke, and the miners nearly
went broke with it--they had
plunged. To-Day that stock
lies somewhere in tin boxes
mute evidence of what happens
when you 90 against the ad-
vice of your banker.
A certain steamboat captain
never earned more than a hun
dred dollars a month, and yet
in the course of twenty-five
years he was able to raise a
family, dress and educate them,
provide a handsome home free
of deDt for them, and leave his
widow with enough to support
her in comfort for life-all this
on a hundred a month. He
saved half he earned. The
secret may have lain with his
wife or with him, or with both.
But the result was there just
the same. What this man did
you can d.. He stuck close to
the bank; bought his home
and paid for it by degrees, car
ried a fair amount of insurance,
never tried any schemes, and
held fast to what he got.
The really big things are not
hawked about the streets like
vegetables. The big deals are
not for the dear public
Henry Ford never offered his
stock broadcast. A certain
New York undertaken (now
bankrupt did. Standard Oil
never went with hat in hand,
seeking those who would buy.
Big things are for the few; little
things for the many.
You worked pretty hard for
your money, and it ought to
work for YOU: not overwork,
but just keep comfortably busy.
1t will work right faithfully, for
compound interest grows apace
but if you work it too hard, it
will like the faithful old horse,
keep going for a time, but
eventually fail you. DO not try
the impossible. Four per cent.
with safety is better than ten
per cent with risk. Don't lose
your principal trying to get big
interest. You must sacrifice
one of two things: principal or
income. Keep safe and your
income will be small but sure;
but if you seek large returns,
you must of a certainty jeo-
pardize your principal. Better
reach your goal by little jumps
that land you on the ground
each time, rather than take
flying leaps in the dark. Thrift
consists in leaving som good
things alone. The promoter is
one. His best scheme is not
good enough for you.
The First National