Good Savers But Poor Investors

Experience shows tliat of the women who do save money, a large numbr lose their little stores. This is chiefly by investing them in concerns which promise lai-ge interest. It cannot be too often repeatod that large interest means risk. No company would go about offering high interest if it could get the money it needed for less, and there are so many people with money to invest that any safe concern can get as much as it wants at a low rate. Even if the grand promises of bubble companies could be realizad your interest would probably be gained by oppressing or defraudina others. But they seldom or never are realized, and it is a wellknown fact that a very large proportion of their victims are women who, ignorant of business and weary of the lengthy prccess of adding little by little to their savings, hopo to become rich all at once, and so grasp at the shadow to find that they have lost the substance. Acain, do not be too kind to your relations. I do not say that you shoukl be sijlfish or mean, but only prudent. Before lending money to be used in their business, see that the business is a safe one; you may have the fullest confidence in the honest intentions of the borrower, but make su re that his capability is also to be depended on. Many teachers eive their savings to help in the education of their brothers. Here, too, charity should be guided by prudence. It is no true kindness to help a stupid boy to a university education; you had much better help him in some other way. It is also bad for him to be allowed to take your savings without any recompense. In most cases you had better lend than give; the knowledge that he must repay what he now spends out oí his future earnings will help to keep him from extravagance.