Milford chronicle., 1925-05-29

or the vlue of its securities. But
the mechanic knows his experience
with the company indicates that il
is a fair, practical business. And sc
he bought its stock.
This stock happens to be quite ac-
tive on the stock exchange, a fact
that has led bucketshOps to try to
! interest small investors in it, with
the purpose of switching" them to
some worthless stock later on. Had
| the mechanic been employed in
some other shop and known nothing
of this company, except by hearsay,
and had a smooth bucketshop opera
tor sold him the same stock he now
holds he would not have been specu-
lating in the true sense of the word.
He would have been gambling. He
would have been buying from a per-
son about whom he knew nothing, a
security about which he knew moth
ing. That is not speculation. It is
gambling. Securities should be
bought only from an established,
reputable broker or bond dealer, who
knows and will tell the truth about
them.
This mechanic considers his home
an investment. 1t may increase or
decrease in value and thus become
speculative, but in the satisfaction
and confidence it gives him and his
wife, he figures that it is an invest
ment. 1t pays interest in content
ment and in saving rent.
1t is more difficult for an attrac-
tive girl to save that it is for Il girl
who is not especially attractive. AS
a consequence the story of a stenO-
grapher 1 know is an investment
banking house who accumulated
100000 in II years isn't particularly
interesting. She was quite plain.
She lived at home. There was ap-
no incentive for spending.
Her work kept her in touch with the
sound investment security business
and it was easy to pick dependable
investments.
But the "Only daughter" is at
tractive, a sorority girl, a graduate
of Wisconsin University and the
baby" in a dOting family. Her
father is a railway conductor who
has made wise use of his earnings;
her mother, a level-headed woman
who realized that daughter had
beautiful chance of being Spoiled
rotten" Mother early began the
work of giving daughter an idea of
responsibility. From grammar school
up through high school, two years
at Northwestern University and two
years at Wisconsin University,
daughter had gradually increasing
and was taught to spend
it wisely and to save just as wisely.
The test of training came when
daughter left home for Wisconsin
University. Pretty and liIable, in
house with girls having
generous allowances she might have |
been excused for OVerdrawing and |
for dipping a little into her savings. |
"But 1 figured it was a game" the |
only daughter explained. 81 could |
not be a gutter on Mother. I didn't |
have a lot of things other girls had, |
lut my clothes were nice and 1 had |
rs good time as any of them. 1 took |
business school course after grad
lating from university, tried my
AStAAN elD q DelACo w Olllpu anu uOW nave
pleasant although not high-sal-
Lried secretarial job 1 don't de-
erve credit for saving $500. The
amily gave me little bonuses to en-
ourage me. They made it easy.
saving taught me a lot too. Some
ow or other several doubtful ap-
caring oil companies got my name.
hey and others have tried all sorts
f schemes to trade me out of my
liberties and the other bonds that
lther's investment bankers\ ad-
ised me to buy. Their schemes are
eally entertaining"
Easy? How many college young
-ers have ever heard of who saved
single penny from things being =
,ade easy for them?