Newspapers / The Daily Advance (Elizabeth … / Sept. 22, 1923, edition 1 / Page 9
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Business Helped By Saving Rather Than By Spending B;il)?on Tells V In Money in Bank Is One of Bol and Safest Investment- \ouii;: Man Can, While at Same Time It Works for the Comiminitv Ity liOCKIt \V. ltWlSOX <C?w?nfht. IU1. Br TM Ainoct) Welleslcv Hills, Mass., Sept. 22.?Helping business by saving money instead of spending it may sound strange but that is what I propose today, in this article on the investment value of savings accounts. Why it is that people di lteren-1 tiate between bank accounts and investments is more than I can comprehend. Apparently! men and women feel that the' money which they have in the bank is not "invested." They j seem to think of it as tied up in bags in the vault of the bank. ; The tact is that Just as soon as! you deposit a dollar Iq the bank.' that dollar Is loaned by the bank to | someone to build a home or buy merchandise, or is use<{ for the pur chase of bonds. When these bonds! are bought, the money is still used j "by the company in issuing the bonds,! ?perhaps for the developing if a water power or the buying of rail- j road equipment or some other, equally useful purpose. Therefore, i money deposited in a bank is in-1 vested Just as truly as any other money. The main difference is that j it Is invested by some one with ex- 1 pertence and training Instead of byi one who may know little of llnancial i matters. Dank accounts have all the ad- j vantages of the most attractive in- , vestments. Among these may be; mentioned the following three: (1) Bank accounts are safe. Sta tistics would probably show that smaller losses come from bank ac counts than from any other field of Investment. (2) Hank accounts are very liquid,? that Is to say, we can quickly get our money at any time. Other forms of Invest ment may be 'permanent' invest ments Many of them are so per manent that they cannot be liquida ted when desired. (3) Bank ac counts offer a good opportunity for speculative profit. This may seen a strange statement but let us exam ine it. The real opportunities to make money are through chances that j come to take partnerships, to make I special purchases or to do other _ things, which, if undertaken, often r bring success. One never can tell when these opportunities will come ibut they do come to each of us two rr .or three, times In the course our llve?. They almost always require n certain amount of capital. Per haps the new position offered means working for less than a living wage for a while. Perhaps It means tak ing a year or more for travel or study. The man with a batik ac count can finance the venture but tliman without a bank account cannot. Therefore I say that a bank ncronnt offers an opportunity for speculative profit because It puts one in a position to make a big profit when the opportunity comes. I especially emphasize the impor tance of bank accounts at the pres ent time because many people have not Increased their bank- -accounts materially since the low prices of ten years ago. For a great many years prices run along a certain level and people got into the habit of car ryng about so much in their savings account and a certain amount in their checking account. All busi ness men from the large manufac turers to the humblest retailers, felt that a bank account of a certain size was about what he should carry and he has held the same idea up to the present time. Yet. during the " post ten years, prices have Increased from fifty to a hundred or more per cent, according to the commodity considered. Taking into considera tion all factors entering Into the cost of living, tho dollar of ten years ago is worth only about sixty cents today. As prices Increase we should increase our bank accounts to cor respond. We tatra out Increased In WHEN your ttavi of hard work are over, will you be ilrppmt nit npon relative*, or will your ol4 age be happy?without worries nltoo! money? Now in the time to provide for your later >ear?, and you ran do so eauily, by mean* of an Equitable Life Income p.iliry. Write for booklet. THE EQUITABLE LUX ASSURANCE SOCIETY of the UNITED STATES ALVIN T. HALEY SPECIAL AOKXT SI4-3IS lllntnn llnll.llne KI.I/.AI1KTII CITY, N. C. Child Has Little Proportion Sense MIm Stella Mci'arty Makw Test of ArtUtic Impulse* of Small Children Chicago. Sept. 22.?Children four years old have little or no sense of proportion, is the conclusion of Miss Stella McCarty, associate professor I of education at Goucher college, fol-1 lowing a test over a period of three' years to gauge the natural artistic | impulses of children between the ages of four and eight. More than 40.000 drawings sub-; milted from all parts of the United States were examined in the test, the result of which has been announced here by the committee on conserva- j tion and advance of the Methodist Episcopal church. Children were al lowed a free choice of subjects, which Included more than 900 topics, with , a very wide range. /'The majority of the girls submit-j ted drawings of houses and domestic things, while the boys drew on their J imiginations moro anff constructed , pretentious buildings, bridges and mechanical devices," said Miss Mc- * surance today on a building which was built ten years ago even though it was then insured for all it cost. ; The fact is that the cost of building has gone up and if we had a Are wo would have to rebuild at much I higher prices. Therefore, we in- , sure not on the basis of of the COtt of ten years ago but on the basis of^_ replacement as of today. It seems to me thjrt we should follow the same principal regarding our bank accounts. One groat trouble with business today is the amount of money being I wasted on thiugs of only temporary I value and the *mall proportionate ' amount which is being 'banked' for things of more permanent value. This is one reason why the Babson chnrt has again so radically declined, standing today at ten per cent below normal compared with nine per-cent; above normal in February. Just as I things got better around the first of iho year, people again got careless, bank deposits fell off and the safety valve began to let off steam. In creased bank balances would help start (business up toward normal, again. ? Carty. who also is chairman of the Klnder-parten club of her city. "After carefully studying all drawinR-*. I came to tho c.?ncln<":i?n' that children four >var? i?l?l have '.It tie or no fense of proportion. A* ?iKht years*. a'?oui on- -fourth of f: number had d^vrlnped it. Only on? cighth of the drawiiiRi ^liowi'd any ?i?ns of perspectl^'." OTEEN PATIENTS TO HAVE SHOP IN DURHAM Durham, Sept. 22.?Tht* establish ment of a gold chevron shop here for selling articles made by jiatients of Oteen hospital, near Asheville, is j being considered by tho local chap-1 tor of the Roil Cros*. ai?pri:il<'?| t?? rmi?Utc?r tho adv.sabili iv of e>ta'i!l<?!iiuK ill** shop. Is n t ? ?? ! i > r? p??rt within iho n* ir fu i'ir-. i; u-, tuvkois. t>?* ul w??rk. ati'l ti.riy ar'j.lo?. i ^'crially of tho Kifl r :':ir.\ ar?* ??:iil?* hy n.'Miors ]>i-in>; ::?? ?: ,1 .ii Ot* ?i hospital. st i< raitl, .?ill of I It touch c<>lt| rhov !??:? "hop* iti various part* of tho .-tuto. Gelfand's Relish and Mayonnaise at all good grocers. Headwear That's Pleasing Your Fall Hat . i For the mnn who is critical aliout his Neckwcar, here's the Store that will take care of liis fall and winter needs perfectly. Our new stock embraces every desirable kind of Hat at pries that bring costs to rock bottom levels. Featuring three big selections at $7.00 ? $5.00 ? $3.50 Caps for Men anil Hoys, SI, $1.50, S2, S2.H0 Spencer-Walker Co. Where Every Man Finds What lie Wants to Wear ?v*ry time u* trlJ m cat w* makt New thousands are driving this car Its mounting popularity is today's marvel in motoring circles You have always heard, "Velle make* a good car!" But today you hear, "Have you teen thia year'* Velle??have you driven Itf ? have you exam ined the motor In detail! ? did you know It I* pretture lubricated evetrto the piston plna?and you get 20 mile* or better to the gallon!" The huge percentage of Velle own. era who repeat when they want a new car, if increasing dally. But the new thousand*, renounc ingall formeralleglence and flock' Ing to thl* Velic-58 are taxing the factory** production ? and pro claim Ing, by action and word, a aew leader In the medium-priced field. Com e In and drive th 1? Velle today. Some Dealer Territory Still Available ? Write To Auto Supply & Vulcanizing Co. We are prepared to serve our friends in anything in the way of home furnishings. We have on hand the largest stock of furniture and household goods of every description we have ever carried, and the most complete and up-to-date lines. If there is anything you want, see us. Our slogan is: Cash if you have it Credit if you want it If you want anything in our line, there is 110 reason for not buying. Follow Our Slogan M.G.Morrisette&Co Fresh Groceries It Lowest Prices li e flare FRESII C.ELF.UY SNAP PEAS CABBAGE BANANAS CORN AIMM.ES IlttSII AM) PEACHES SWEET POTATOES CHAPES SNAP BEANS, OllANGES C.UEEN5 LESIONS J. W. Shannonhouse & Son Hood Street. Phone 187. THEY'RE HERE French Grown Bulbs Start them NOW for early bloom in the house. This class of bulbs is for forcing indoors, and wo supply attractive bulb bowls, bulb fibre and bulb holders to grow them in. Started now these bulbs can be easily brought into bloom by Christmas. Holland Crown Dutch Bulbs for outdoor planting and forcing arc now in transit and will be ready very soon. I'lacc your order now. Buxton White Seed Co Phone 681. The Live Seed Home. 15 S. Water St. ALKRAMA Today .4 SEVEN HEEL ROMANTIC COMEDY Too Much Business A JESS nOHBINS PRODUCTION ? ADMISSION ? Matinee: 10c and 20c. Night: 16c and 26c
The Daily Advance (Elizabeth City, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Sept. 22, 1923, edition 1
9
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