Evening Republican, Volume 22, Number 146, Rensselaer, Jasper County, 21 June 1919 — INVESTING MADE SAFE FOR THE SMALL SAVER [ARTICLE]

INVESTING MADE SAFE FOR THE SMALL SAVER

War Savings Stamps Minimizing the Menace of Fraudulent Promotions Which Wipe 1 Out “Rainy Day Funds.”This is the day of the small Investor. The war opened the eyes of some 50,000,000 Americans so the benefits of Investing in government securities; It minimizedJw the same extent the menace of fraudulent promotions in which many life’s savings have been sunk. War Savings stamps are making investing safe for the small saver. “There Is nothing more disheartening than to undergo self-denial for years, to save money and then to see the ‘rainy day fund’ wiped out by the failure of some ‘wildcat’ scheme,” says Robert E. Springsteen, director pf the War Savings Organization for Indiana. “Widows and hard-working men are credulous. They listen to the oily promises of ‘get-rich-qulck’ promoters and hand over their savings to salesmen promising impossible profits. “When the crash comes the savings erf years disappear in an instant and there is nothing to do but begin life over again—often at. a time when earning capacity has begun to ebb.” Whatever the temptation for “wildcat” speculation in the past,, there Is no excuse for it now. Every small Investor should reaHs# that a dollar saved while money la the cheapest commodity being offered will purchase twice as much <rf most any other commodity within four or five years, so that, In addition to the interest that War Savings or other government securities yield, the Investor really has earned 100 per cent In the purchasing power of the dollar saved. Small sums certainly are worth saving. Amounts that seem insignificant soon pile up Into figures that are Impressive.' A great French banker was once asked the secret of French thrift, and he replied, “Compound Interest.” Just as constant waste, even In little things, may change one’s life from success to failure, so the steady saving of money will eventually bring Independence, If not actual wealth. There are very few persons who cannot, without any Inconvenience whatever, lay aside 10 cents a day. Within ten years one’s daily savings of this insignificant sum will amount to $365, in addition to $80.86 compound interest, making a total of $445.36 to show for one’s saving just 10 cents a day for ten years. By cfevAft a 3*9 Iss> years, with interest compounded at 4 per cent, one will have the comfortable sum of $668.18 ; 20 cents a day will net $890.99. Save 50 cents a day for ten years and there Is $2,227.75. A dollar a day will make a total of $4,465.74 for the ten-year period. All these figures are based ou the savings being put out at 4 per cent compound interest. War Savings stamps yield a trifle more than 4 per cent.