The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1915-12-03
THRIFT 7 TALK
BEWARE THE
PROMOTER
WHEN ANY PROPOSITION is PRE-.
sENTED you TO MAKE MONEY,
IT is A GOOD IDEA TO CONSULT
YOUR BANKER.

Unless all signs fail, the one Ger
tain result of the European war is
going to be general stimulus Ia
American industry. Our mills are
| running to full capacity, our crops
are bumper ones; our banks are
gorged with money; our people EN-.
! ployed at good wages and constantly
shorter hours, making things for Eu-
/ rope to eat, and wear and shoot We
shall have great prosperity
! with prosperity comes the promo.
ter, trying to get some of that pros.
perity without working for it. He
will have great schemes TO make You
| (and hmselO rich. You nrst-then
himself tor vice-versa Fakes by
| the thousand will follow the wake Of
prosperity, all seeking TO separate
you from your money, The warning
is particularly opportune now: Be
ware the promoter
If YOU are offered any scheme to
make money, take ii to your banker.
If il offers over six per cent, turn II
down on general principles. The pro
moter finds poor pickings when you
take his proposition 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 western concern or
ganized bank and offered the stock
broadcast. 1t was a clever scheme
"A good scheme, and profitable
one. 1t had much merit and should
have come to a better end But 1t
was too good, and the promoter could
not stand the prosperity it brought
him
Two hard-working miners got inter
estcd and sought the advice Of their
banker He advised against It. "But
it pays ten per cent, and you only
four; and besides, they say the stock
will double in value in year" Eyes,
all that may be true" said the bank
er. but you're not strong enough
to take the risk and for the possible
profit you cant afford to chance 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 plung
ed Today that stock lies somewhere
in tin boxes, mute evidence OF what
happens when you go against the
advice of your banker.
A certain steamboat captain never
earned more than hundred 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. clear OF
debt for them, and leave his widow
with enough to support her in com
fort for lfe-all this on a hundred
a month He saved half he earned.
The secret may have lain with the
wife, or with him, or with both;
but the result was there just the
same. What this man did you can
do. He stuck close to the bank; !
bought his home and paid for it by
degrees, carried q fair amount OF in
surance. never tried any schemes, |
and held fast to what he got.
The really big things are not rawk-
ed 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 Cnow bankrupt did. /
Standard Gil never went with hat in
hand. asking 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 comfort
ably busy. It will work right faith
fully. for compound interest grows
apace: but if you work it too hard,
Il will, like the faithful old horse,
keep going for time, but eventually
Tail you. To not try the impossible.
Four per cent with safety is better
han ten per cent with risk. Don't
ose your principal trying to get big
interest. You must sacrifice one Of
.wo things: principal or income.
Keep safe and your income will be
mail but sure: but If you seek large
'eturns, you must Of certainty jeo-
,ardize your principal Better reach
'our goal by little jumps that land