Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-12-31

bought upon the lnstallment plan.
Real estate may DO bought and paid
Tor by systematic payments. But
these arc relatively little used COM
pared to the total population OF the
country who should be saving.
Thrift Via Insurance.
LILO insurance Is one institution
that systematically encourages
man to set aside a certain amount of
money at regular date for a regu-
lar period. A man who takes n
life insurance policy. whether no
pays for II monthly. quarterly, semi
annually or annually. practically
commits himself to Il plan Of laying
by definite amount OF money to be
paid at n definite time and for GER
tain period. long time ahead-for
twenty years. thirty years or n life
time. What an effect this habit has
had upon the 50.000.000 people who
are utilizing II, is hard to conceive.
But when we speak OF cxtravagant
and shiftless Americans. there IN sat-
isfaction In feeling that through this
institution. which has been developed
IN america to an extent exceeding
all tho rest Of tho world put to-
gether. the majority Of tho popula-
ton are lin this way at lcast) Guilt
waiting and actually practicing thrift
In It's best sense.
There are at least 1874 kinds OF in
surance that ono can secure through
an Incorporated insurance organiza-
ton. In all of these. with the single
exception OF life Insurance, tho
amount paid must be charged on as
an expcnsc--automobiie. fire. marine,
plate glass. burglary and other insur-
ance that one buys
Needed Inxtitution.
Life insurance Is money saved
Just as surely AS death is certain.
Life Insurance should be considered
az money saved. not spent. In one's
ledger. one should charge or the
premiums paid for all these other
forms OF insurance. for nothing Ia
received on them unless loss &C.
ours. only the loss Of lifo Is cer-
tain.
The influence OF lifo Insurance In
encouraging young people. men and
women. to cultivate tho habit OF
thrift. perhaps alone justifes It's ex-
istence. America needs such insti-
tutions-they must increase. Banks
must discover some way OF encourage
Ing continuous, regular, monthly or
weekly deposits for a period OF years
The Christmas savings clubs are one
illustration OF how II can be done
but this Is really money saved to be
spent at the end Of d years time.
The young man who plans to save
money for long period ahead is
certain TO be a better citizen. a moro
prosperous. Il thr!fticr and 4 better
man for the community.
Tho late James ]. Hill and the late
a. Bartan Hepburn said two things
hat should be impressed upon the
mind OF every young or. for that mat
ter. every young and old person:
II you want to know whether you
are destined to be SUCCESS or not,
yoa can easily Ind cut. Tic test Is
simple and Is !nfailih!.. ara goo
able TO save money? II not. drop
out. You Will lose. You may think
not, but you Will lose as sure as fate.
for the seed OF success is not In
you."-James j. Hin.
"Of course. inquiries concerning a
mans lie Insurance will not answer
all the questions involved in the mat
ter OF extending credit, nor any OF
them conclusiveiy. but doubt IL
there Is any one line OF inquiry that
could he made of a man who has
reached middle age. after having
been engaged IN business for several
years. that would come as near show
Ing both ability and determination to
meet obligations snd keep pru,a!scs'
Hon. y Barton Hepburn.