Show jg BABSON'S AUTHENTIC STATEMENT ST A m W nab Special to THE EXPRESS I DABSON ADVISES YOUNG PEOPLE BABSON PARK MASS MASS- MASSBy MASSBy I By this time a good many of Ii last Junes June's young graduates v will have finished their vaca vaca- vaca t ions t and summer In till work and will be tackling permanent neW jobs in earn est esi On the basis of my more than fifty years in active bus bus- mess Iness let me give them some good advice Keep Cup Out of Debt If you borrow some money temporarily on your personal note be sure you have enough cash at aU all times to tobe tobe be able to pay it off olt We are living in very uncertain times The entire world Is in inan inan an upheaval It Is an import import- important ant time to keep krep out of debt until the Russia present Kennedy financial storm blows over which It will Dont Don't let talk of Inflation il scare you during the next few years We will always have some inflation but it will do dono dono no harm hann if we can avoid World War III Take out some life straight insurance life payment 20 Jf If our dollar holds up for twenty years nil all allwill will be OK If our dollar de- de declines dc clines you can use the low low- cost dollars to snake make your pay ments So in the end It will average out Never Endorse a Note of Another You have friends and neighbors who will ask you to endorse a note for them arguing that such action would cost you nothing but that it would be a great favor to the maker of the note 1 heard a sermon sennon once on a text from Matthew Chapter 25 Verses 37 33 It has saved me much money and much trouble When selling proper ty I will warrant the title any cloud occurring my ownership but will never give a full warranty going back to the When you give your own note you can get out of it by paying same If you have haye bought something which you know is a losing pro proposition you can sell lIell it and take your loss with Uncle Sam But when you endorse a note the note goes to a bank or to some seine third party and passes entirely out of your control The endorsement may hang hangover hangover over you for tor years Endorse Endorse- meats ments have no time timet limit limiti Be ware of 01 thE themi Bur Duy a LUte Little Stock It If the stock of the corpora corpora- corporation tion for tor which you are arc going to work is listed en n the New NewYork NewYork York or the American Stock Exchange guy ur one share ot of it each month and have it t regis regis- registered registered in your not name In your your wife's name If If the stock stockIs stockis Is selling for lor more than you youcan youcan can afford alford to pay each month buy a share once evEry other month but buy it regularly and systematically It if the stock is not listed buy a share of the stock of one of your local banks each month You can tell the treas treasurer or some other officer of the bank that I have advised you to do this he will get the stock for you Have this stock Issued In your name so you will get the dividends This I system will make you a pro I fit but more important it will iy you a good tion lIS as a substantial cItizen Be well thought of n now w and it will wUl give you credit later if you want to start a business or of your own Be Careful When You Write It is a good rule to be car card ful always about what you put Into writing In fact It often orten helps to have someone else's opinion on your mater ial sal Although I have been writing this column once a week for lor many years it is al- al always al- al always ways checked very carefully by a most able employee of mine S So let me suggest that that even when you are taking on ona ona a new job you should not be ashamed or embarrassed to ask some one In your office to look at work you are doing and advise you Use the telephone when when- whenever ever possible Never criticize anyone in a letter unless you carry liability Even when thanking or con con- congratulating people I often sa say It with flowers Some Some- Sometimes Sometimes times you hate to refuse reluse are a re- re request quest but you can often save both money and a friend by going to a nearby florist and sending some flowers Greet Greet- Greeting ing cards are also wonderful investments to use freely freely- for birthdays Christmas New Years Year's and for sympathy messages Be careful about congratulating friends and re- re relatives re- re relatives when a new baby comes into a family or It may maybe maybe be named for fol youl you |