The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1925-04-04
BANKS ARE ONLY.
SAFE SAVINGS
MEDIUM
Great Humanitarian Work
Accomplished by Them.
Says Writer
By RICHARD HATTON.

Since long before the days Wnen
history began to record accurately
the migHations and development OF
man, that same man has been ems
gagged in efforts to turn baser
metals into gold. There is no record
that any of these alchemists ever
succeeded in their attempts at the
transmutation of metals. although
it lis claimed that a German
chemist, Meithe, has recently pro-
duced gold from other metals, but
at a cost which is greater than the
value of his production.
For all practical purposes there
are only two ways in which the
average man of today can supply
himself with the much desired pnr-
chasing power Of gold One is to
dig. it out Of the ground and the
other is to work for it, and. having
worked for it and secured it, to re-
tain some of it through saving.
As very few are so situated that
they can go into the outland places
&hers gold may be found and re-
fri ~ the precious metal from the
nth the only alternative for the
great majority is to save, sys-
teTnatically save, from earnings,
and then, to invest what has been
saved in some safe, dividend paying
or fnterest-paying security.
For the purpose of saving there
IL one, and only one, safe medium,
the bank. To refrain from opening
q savings account and to store the
hafd-earned savings in some sup
posediy safe hiding place is to in
vite disaster. But there is, always,
the bank where savings are safe,
where they increase through in
terest paid on deposits and where
each added mite stimulates the viii
to save more. In preaching the
gospel of saving and in providing
the means for saving the banks of
the nation are doing a great
humanitarian work and are leading
sac nation into ways of thrift
which win affect the future of the
country to a material, degree.
Great Care Needed.
When the savings have accumu-
Rted to the point where investment
ID possible in order to receive a
higher rate Of interest upon the
principal there are at hand many
mediums through which the man or
woman with funds may safely put
the money to work. Unfortunately
here are numerous propositions
wherein the invested capital is any.
thing but safe and the unwary are
often led to invest in these schemes
IN aaE 81. u
Al the saving goes for nothing
whRe the investment drops into the
pocket OF some interruptions pro-
moter.
It is because of the many fake
stock selling and other schemes
designed to gather in the savings
OF the unWary that the wise adj
vice TO consult your banker be-
fore investing" has peen broad
cast by those who know better,
perhaps, than ans others the dam
gers of ill-considered investment.
The bank has been of inestimabIe
service in assisting in creating a
surplus for investment and it is a
wise and prudent thing 70 consult
the bank before risking that which
u may have taken years to accu-
mulate.
Investment is almost as old as
the effort to transmute base metals
into gold. There is on record today
the copy Of a mortgage entered
into in Egypt in 430 3. c.. and the
mortgage has been a favorite form
OF investment since before that an
Gent date. The only thing the in
e3tor must be certain of is that
the mortgage. or the bonds, in
euxha fnh he inv orfs 1S-o "a nd
ADund, that there is a practical Ger
tainty that there can be no loss and
that the security is adequate. How
may this practical certainty be
guaranteed? Again, consult the
local banker before investing, is. an
excellent plan.
Investors Protected.
But there have been developed
In this country strong and reliable
business houses that make a
speciality OF providing just the
medium for S~investment that the
conservative and cautious investor
should desire. These are the great
investment companies whose bust
ness It is to provide safe investment
for the funds of the public while
serving in the upbuilding OF COM
munlItGS anu VI the llotlOIts 1ncSc
companies join with, the banks
IN promoting thrift. in encourag-
- saving and in providing a
t1eans whereby the savings may
be safely put to work for the in
davidual. These houses are. many
OF them, nationally known for
selecting Thoroughly safeguarded
Investments and tor offering the
public nothing that is not amply
protected. They boast of long
years Of service without loss to a
single customer. They deal only
In safe and conservative bond
issues.
Many people today are attempt
ing to create gold out of some
thing that is not gold, : to get
something for nothing or to find
a short road to riches through
gisIoyknd, often, 4aHdGient in
vestnaent. They can no more
succeed than has science succeeded
1n transmitting base metal into
There Ii only one safe course
for the man or woman who would
Wneceed or who would insure the
HtSsfN e. aUafara.