The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1922-09-20
SPECULATE ON PROPERTIES, NOT
:& IA. sI SCAEMESr r eo%;{ r%E u, =.

- .
I'm the world Of finance says Herbert
N. Casson in Forbes Magazine, everybody
speculates. Everybody takes risks. Ev-
erybody backs his Judgment, to win or
lose. Finance consists Of investment and
speculation, and the banker in the world
cannot tell you where the one ends and the
hers M ~ inf ljble aales n which ,
+ they can play sat bit thAre Mes q few
Ruid posts to show hkfn fhsssVo dan.
4 N :. Il hsse guidle posts has
: not-sehenses===s :: :; =. ~ f.
3 "A property Isl anything thatthas intrin-s
sic value, While "a scheme depends for its
-, value entirely upon the. way i'm which itais
carried out. -. g. .. -. : -
?: "A property is tangible. You can az
ways sell it, if you wish, in week or two.
!. "But a scheme is an idea. It has no ex-
Iistence in the material world. It is a babe
unborn. H. --."
H." Any property, however old and dilapi-
J dated, has money value; but the most
| perfect scheme may not be worth nickel.
+ 1t may only be wide door to bankruptcy.
r mot that would have schemes made
Illegal far from. it. The Bank of Eng
land was scheme once. I'd ~ ~ - !.
!, MY point is that investing in schemes
is for those who can affordsH. It is not for
! people Of small means sand little expert
ence.. :7a =. - n: - - -: ~
likely so to /. None but the rich should
.backa new scheme, and even they should
only put a=smaff percentage of their capt..
tai into it. Not more than 20 per cent Of
any mans money should be invested ina
scheme.
"The eleverer man is, the more he can
depend upon schemes. The duller he is,
the more he should depend upon proper
ties, This is blunt advice, but it would
have saYed hundreds Of men from failure
during the past four years.
There is time for caution IN finance,
as we'll as time for courage; and the first
rule is always-learn the facts about the
scheme, the property, and yourself"
tS =, :;
You fellows who didn't cut your weeds
this year, better get busy next spring, when
that longing for smell of new mown hay
overtakes you. It ought not be necessary
to preach this gospel of cleanliness every
day of the year. -"
33 80. F. -
,-. Mrs. Annie Dickie 0leson is not a Scan
dinavian, we are informed by the Anoka
Herald. She had better become one quick,
if she wants any support in this state for
the United States Senate, -. - i. - s.
80 s.. -----s 3: II Il
With the; scarcity: Of coal the new fall
and winter styles should follow Eskimo
lines instead Of Grecian-as has.been adj
vertised.s =. ~. 49, ! =. ~, q ~:
-":,:-..,,-r B--S >>@.. +.:.,...
s Long skirts. are sure enough coming
back This will be a great help to q
Safety First campaign--if they don't
shorten them before spring. -. =" a.....
:..>...,;..f" - s---7------ -:
"A school house burned in st. Louis, the
other day Some towns have lots of luck.
How about it, kiddies? : II :...>:: |.
- 1885, ------3 = j.: = ). :.
The politicians in this section are begin
ming to wonder what the other fellow is
doing. :. - z>>>=&< :. =. =. :. -
:,:~'' s--------s t";
Yes, fappers have ears. We saw one
: the other day. - 80 "<&>N *: .% .s,..-
te.S ;s"..; several Nurse Save. z People