The Ontario Argus. (Ontario, Or.) 1???-1947, 1922-09-14

i
strongly recommended the purchas,
of Liberties two years ago when the,
were selling in the SOS. 1 am no
quite convinced, however, that the
time has yet come for selling them
even tho they are acting rather
queerly at the moment.
People are worrying as the what
effect the railroad and coal stikes
and other industrial disturbances
will have on the price of Libery
Bonds, Americas greatest and most
only natural that these disturbances
should depress the price of Liberties
a little; but such affect would be
only temporary. Money is destined
to be even cheaper than it is today,
and interest rates will continue to
be fairly laY>for some time to come.
This means that banks will again
come into the market to buy Liberty
Bonds. These purchases by the
banks, together with the purchases
of the Government, must keep the
price up and quite likely force still
higher prices. Therefore, / definite
ly advise readers to hold their Lib
erty Bonds believing that they will
ultimately sell for higher prices. Be
prepared, however, for a possible
temporary decline in order not to be
panic-stricken of such a temporary
decline takes place.
1.-THE Fourth LAS are today
selling at little over par and are
callable at par in 1898. Readers
can be pretty certain that the bonds
will be called at that time. This
means that on the 18th of October
in the year 1893 these bonds will
sell at par Not one per cent above
or one percent below. With con-
stant interest rate between now and
then the bonds should be at their
highest point about 1927 or half way
between now and their callable
date The same rule applies to all
of the different issues with their
various maturities. OF course, it is
very likely that the Government will
provide some general refunding
scheme before all of the various is
sues of Libery Bonds are due or even
callable. But if so. such plan will
hn Co. h RI hn
certainly advise readers to hold their
Liberty Bonds until such refund
ing announcement is made.
after selling Liberty Bonds, be
careful in what you invest. A great
many money sharks will be on the
surface of the water looking for fish
when this refunding plan is put into
operation. People are already travel
ing about our cities hunting up
holders of Liberty Bonds and offer
ing to swap for them various kinds
of stock. Beware of such men. Don't
talk to them or even listen to them!
Shun them as if they had the small
pox. When you wish to invest
money ask the bank, where you have
savings account, to recommend some
good investment firms. Go to them;
tell them your condition, and put
them on their honor to protect you
and your family. In ninet'-nine
cases out a hundred you will got
good honest advice which will be
worth money to you. When your
L"aoerty Bonds become due or are
called for payment, follow the same
course. Either put the money in the
savings bank or invest it in securities
which a good investment house re-
commends. There are plenty of such
reliable houses.
Zone need not wait until his
Liberty Bonds become due before
getting a little experience in invest
ing. Under the present system of
selling high grade securities in 500
and $500 denomination, it is now
possible to purchase good bonds
from reliable investment houses
with only a small amount to invest.
To buy one of these baby bonds"
is very practical means of both
saving money and becoming interest
ed in securities. This is not some-
thing which should be done when
securities are high as is the case
when the Babsonchart shows busi-
ness to be considerable above the
normal line. Today, however, with
business about . per cent below
the normal line, such securities
should be worth more in the years
to come.
"Much more money is available
today for investment in Govern
ment, municipay, railway, public
utility, and sound corporation bonds
than at any time in the history of
America IT is estimated that there