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Show --. I '. t ' - J r:' - f , ! ' - I ' ' j f , ' I I , ; j j Harrison Brothers, left, spoke to the Park City Kiwanis Club about investments recently. He is the son of William Brothers who owned the first drug store in Park City. Kiwanis Club president, Dr. Mark Simmons is also pictured. Park Kiwanis Members Hear About Diversified Investments "Diversified investments lessen the risk of loss" said Harrison Brothers as he addressed ad-dressed Ladies Night at the Park City Kiwanis club meeting meet-ing last Wednesday night at Treasure Mountain Inn, Mr. Brothers father, William Brothers, owned the first drug store in Park City. It was the United DrugCompany and he ran it from 1889 to 1902 when he left to go to Florida. William Brothers came from Lexington, Kentucky, wasgrad- uated from the University of Cincinnati in 1878, He and a friend trekked to Pitkin, Colorado, Colo-rado, where they mined for silver. They struck ore, staked a claim and Mr. Brothers sold his share and used the money to buy the drug store here in Park City. Harrison Brothers and his wife Dorothy have been investment invest-ment brokers in Salt Lake City for many years and he passed on valuable information to his audience. One must have an incentive to save. There comes a time in almost al-most everyone's life when he reaches a peak and realizes he has a surplus to invest. "It's the intelligent thing to put extra money to work". Mr. Brothers said. He explained the difference dif-ference between investment and speculation. "The very safest investment that can be made is putting money in a savings bank. You know you have a guaranteed return", he stated. He told of the advantages of investing in stocks and bonds because they are easily moved. (Continued on Page Six) Park Kiwanis (Continued from Page One) "Putting money into real estate is good" he said, "but it can't be moved and unless it has rentable rent-able property on it, returns are not great. Mr. Brothers said that wealth is always seeking safety and that a good stock is usually priced at about ten times its earnings. Mr. Brothers served as Lt. Governor of this Kiwanis District Dis-trict in 1954; he received his Law Degree from Stanford University; Un-iversity; served in the United States Army as a colonel from 1941-1948 . He helped organize the Valley State Bank in 1948 and served on the Board of Directors. He served as president pres-ident of the American National Bank in Salt Lake City from 1963-1972. He and his wife owned and operated their own Brokerage Broker-age house from 1952 to 1963. He was introduced to the 22 members, mem-bers, wives and guests by local Kiwanis president, Dr. Mair Simmons. |