Free trader-journal and Ottawa fair dealer. (Ottawa, Ill.) 1920-1927, 1921-07-09
By EDGAR TAYLOR WHEELocK.

By EDGAR TAYLOR WHEELOCk.
Copyright. 1921. American Press League
For wage earners, professional peo-
pie with moderate incomes and per-
sons drawing small salaries as clerks,
accountants, etc, savings banks ofter
the only safe means by which funds
may be accumulated TO meet emergen'
cies or take advantage Of opportuni.
ties.
The Mission OF Savings Banks.
II is to encourage thrift and frugal
ity that savings banks are established
In case of accident, sickness or death
in the family, Il savings account is In
dispensable. Also such an account
may become available as first pay
ment on home or an interest in u
business venture which promises to be
profitable.
For instances By putting aside "a
cents each day person can accumu-
late SO each month by depositing this
amount in a savings bank monthly, at
the end of five years the depositJr Will
have accumulated S64T.63.
AT any time during the five years
after 500 or more has been saved the
depositor may convert his savings into
divldeud-paying stocks or interest
bearing bonds and thereby double the
interest rate.
Not a Permanent investment.
1t Is not intended that savings &C.
counts shall be considered as perma-
ment investments. There are indus
trial bonds and stocks of approved
value always on sale which pay from
6 to 7 per cent. In case Of necessity
these securities may be used as col
lateral when applying for loans at
your bank, or they can be sold outright
ut any time, as there is always mar
ket for them.
No bonds or stocks should ever be
I purchased by man Of limited capital
| who cannot afford to take chance
| without asking advice from an expert
enced, trustworthy banker, or an es-
tablished, responsible brokerage house.
| They have complete record Of the
| history and financial standing Of every
corporation in the country offering So
curities for sale and they are in posi-.
ton to protect investors from Blue
| Sky swindlers.
Beware Of irresponsible Stock Sales
| men.
! Too much Importance cannot be
placed on this fact. Several years ago
the federal government issued state
ment TO the effect that each year more
| than THREE HUNDRED MILLIONS
! OF, DOLLARS are collected annually
| In this country by irresponsible opera
tors through the sale of fraudulent
stocks Practically all of this money
comes OCT of the pockets of poor peo'
Pile who carnot afford TO lose IT. $ va
90. ~ l----.l ----- ~ t.ili4luJ a
/ Copyright. 1921. American Press League
s,, A news report printed the morning
j this is written announces that the sen
ate committee on reconstruction AM
production" OF which Senator W. N
T SutuCf tf tTrW- 10 ihdtt hftsbg SIfN
especial attention to the. housing prob
lem. The report says the commltte
regards the situation as serious andIbe
lieves effective measures for relle
must be taken at once, and that al
ready the health and morals of per
sons living in large centers are affect
ed"
How We Met Serious Situations.
Do you remember how serious stu
atoms were met during the war?
Belgium and northern France wer
invaded by hostile armies and the pee
pie of those territories were in DANCE
of starvation. Great Britain, Franc
and Italy must have food.
Then came our own entry into tn
war and money must be raised to sen
an army across the ocean 5000 miles
to arm, feed and clothe that army an
s~---~s