The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-10-01
TINE BEST INVESTMENT

Tho tendency Of current events II 10 cause
people generally to discriminate more kcenIy
In spending and investing money Also, people
win give Increasing attention to saving money
u marked change from era OF wild cKtraya-
giant, irresponsible buying
II really makes little difference whether ono
receives for his labor more than is actually
necessary for tho business Of living II that one
does not save. There b not the slightest ad-
vantage In high wages. far nB the recipient Is
concerned. II the high wages immodistey
dissipatod In riotous and unnecessary spending,
And that has been tho general practice Of tho
present Of high wages
Instead Of shving and investing In order to
attain that position which should bo the aim
OF every individual. financial Independence. the
high wages have been Immediately absorbed by
standard OF living that only those who have
attained Independence should feel Justified IT
adopting.
We think, however, that saving is being prac-
tIoed now to a greater extent than for several
years; the saving account grows the question
OF investment becomes a senouB one. And for
the man or woman In such circumstances we
think there is no form Of investment so secure
and satisfactory as real estate.
The first aim OF every and woman
at one time to own home. That was in
stlnct---shared alike by the birds OF the air and
the beasts OF the field 1t should be the first
aim of every man and woman today. Real
estate purchased for the purpose OF establish
ing a homo s worth precisely what It costs. 1t
Is not speculation.
1t Is amazing that so many married people
have permitted themselves to be renters while
indulging the jewelry, motor car and seal cape
appetite. II Ia true that any man able to pur-
chase an automobile IL able to own n home.
That no should purchase the car and not buy
the home Is not at all to his credit The car
Immediately begins to deprociate. The real
estate does not; In most cases II Is appreciating
constantly, providing It bought with
much care that bestowed on the purchase OF
q car. The car adds to his expenses The real
estate reduces his expenses.
Because the ancient virtues have not been
practiced recently detracts nothing from the
established fact that they are-virtues vitality
essential to the happiness and security OF hu-
manity Thrift. frugality, self sacrifice
capable OF carrying those who practice them
to financial Independence today they
were.
II In comforting TO know that they are ap-
poaling with renewed potency to the general
public. OF course somebody will be harmed by
tho new psychology, but that should give the
individual concern, He has to choose be-
tween making millionaires out of others, through
tho scnscless qualification Of false ana non
scnscnl appetite. or OF attaining his own In
dependence.
our immediate contention 20 that Tulsa would
be vastly better off should every man and
woman in the city become q Tulsa homo owner
than II every man and woman should contribute
to tho immoral dividends OF a manufacturing
concern in Detroit, Boston or elsewhere, that
ayowodly caters to the luxury appetite. People
| financially able to indulge In such appetite
can do so, but the banc OF existence has come
to be the large number who are not able, yet
persist in thinking they afford to do SO,
The man or woman practicing constructive
saving and seeking his or her individual rinan-
olal Independence along proven lines Of
servaitve investment, always is able to command
Interested cooperation OF bankers. Such al
ways have credit We very seriously doubt
whether those who persist IN seeking credit FOR
luxury expenditures clearly beyond their means
should have credit under any circumstances.