Show 6 j. j I 1 L. L Banker Gives Good Advise By Ira C. C Ti Tichenor TT is isto to be bc hoped that every reader of ol The Telegram not only I read but closely studied the reproduction of the speech in in last Sundays Sunday's Telegram delivered by E. E 0 O. Howard president of Walker Valker Brothers Bankers at a meeting of the Commercial club dub of the Utah Society of Engineers especially because of the concrete and thoroughly thoroughly thoroughly thor thor- sound advice given to the people of small or moderate means with reference to the making of investments The address by Mr 11 Howard was vas replete with axioms axioms which should occupy a prominent place in invest investment ent lexicons while the advice and suggestions were so direct and clear dear that it would for fora form forma a valuable addition to any textbook on investments and speculations specula specula- Probably the most potent advice because it should have to do with the beginning of investments was that It It is just as neceSsary necessary necessary sary to go to a financial expert in such matters as it is to e employ ploy an expert in engineering projects a lawyer in the case of a legal matter or a doctor in a case of sickness Enlarging upon this idea the speaker declared One of the important considerations to be heavily emphasized f is the selection of your banker investment banker or dealer After careful careful- careful consideration choose the firm you desire to deal with go goto goto to td the proper individual get acquainted with him and lay be before ore him lim your particular needs Explain to him what you want Discuss Dis Dis- cuss with wih him all al possibilities and figure out your t trades tades ades with him Ask him for advice and consult him when you yon have changes in mind but above all al do not be too impatient to make monc money Your banker or dealer if he is the right kind is more interested in the thes these s se security of your fund and a fair rate of return on your investment and your will good good wil rather than his own immediate profit on your purchase because his reputation is at stake Another suggestion that should strike home to every man of off f family or who has those dependent upon him was this One point I should like to stress very much is the necessity of educating your wives in the care of handling money and carefully investing it so that when anything happens to you and she does docs fall fal into the hands of sharks who will wil vcr very soon get it away from her The Tho number of families that are arc destitute e at the present pres present pres- pres resent res- res ent time but who were left fairly well wel off when their provider died is is alarming and that the wives ives are entirely ignorant as to toh h how to handle and nd invest the money that has been left them There are in m in every community those who do not hesitate to encourage women who have been left a competency large larOe or small smal to tOr embark in in speculative ventures yet poor advice on the the part of of friends who are nt competent to offer suggestions often ofen proves just oust as disastrous as that given giyen the unscrupulous us The only sure method therefore is the teaching of those who who may ay be left legacies the fundamentals of investments or at least to fo impress upon their minds the necessity if occasion should should arise of seeking the advice only of those absolutely known to be both both competent and trustworthy |