The Farmville herald. (Farmville, Va.) 1957-current, 1958-05-30
Third In \ Series


Editors note. III IN effort to en-
plain What he New York Stock ~
change IS Dr l.. u Whitaker has
prepared 4 series ui live ARTICLES in
which he offers excellent back
ground Information as We'll as per
sonal advice that he has discovered
in his years Of experience in buying
and selling stocks. The article is
meant In no way 10 recommend to
any individual in what manner to
invest his money!
=
have told Won about the widow
and her hundred thousand dollar
investment and compared the in.
lestment she made III securities
70 investments made IN II Bonds
and now ! will touch On the subject
u Initiation and IFS effect on IN
stStmentS. In the case OF the
widow. had she bought +, Bonds or
other similar government bonds
and held them all through the
years. she wouldn't have received
any income from them but at the
end OF about thilty-two years she
could have cashed them for some
where around $3.50 900 90. When she
received this a p p I 0 III A e ! y
$3.50 900 co. she would have around
ftf,tA "a hA.1
vested In the bonds but she would
lind that due to initiation and The
lesSened purchasing power q the
dollar the total $3.50 900 90 received
from the sale OF her bonds would
not now buy any more than her
500 900 % would have bought at the
time She purchased the bonds II
YOU check over the figures relating
10 what happened 10 her security
investment, you VIII find that not
only did she rece around
over the years but her securities
become worth 1926 900 90. So you
can readily see that she Jared far
better by putting her money IN
good securities than she would have
Jared had She confined her invest
nent 10 government bonds.
After citing the two Gases about
investing in good securities other
than government bonds, | VIII take
up tile subject u stocks ii oul
sound corporations Who think
Should own some OF them, and What
think about them However be-
fore going into this l VIII say if
you are one Of the foolish pessi-
nists who thinks that this country
OF ours has passed It's zenith and no
further growth and development hes
ahead Of 1t and that from now on
1t Is going to retrogress and event
ually go to the dogs. 1t is not worth
while for you 10 give any thought 10
Investing in anything. not even gov
eminent bonds, because II the things
you fear come to pass. money gov
eminent bonds. and AT other se-
curities win have but little value
have shown YOU what happened
over the years to security inves
tors and you might say Yes
maybe these things did happen IS
YOU state. but that doesn't mean
that they will happen again during
the next ten twenty o. thirty
years
AS to Just what may happen dur
ing the next three decades is be
You'd the mind Of man to know
but do say thai based on all past
history and the present condition Of
our nation, | cannot SEE anything
10 indicate that We shall not make
even greater strides forward In the
future than we have made In the
past. The dawn Of history took
place not so many thousand years
back but during these thousands Of
years. the human race has made
progress in science and in improved
living conditions. 1t has been stated
by those in a position to know what
they are talking about, that We
have made more progress through
science and invention during the
past fifty years than we had made
in all the years that had passed
before fully agree with this state
ment
Now it is fact that the more