232 
The  Importance  of  Insurance. 
lui.  .Tour.  Pharm. 
May,  1905. 
of  a  failure,  which  should  be  a  warning  to  all  who  cannot  afford  to 
take  chances  on  the  safety  of  their  investments  to  be  scrupulously 
particular  to  choose  a  thoroughly  reliable  company. 
I  do  not  consider  building  and  loan  associations  as  free  from  risk 
as  life  insurance,  especially  when  care  is  taken  to  secure  investments 
in  the  latter  in  companies  whose  published  statements  of  assets  and 
general  financial  condition  assure  us  beyond  doubt  of  their  safety 
and  stability. 
There  are,  however,  many  persons  whose  general  bad  health  and 
physical  condition,  family  record,  etc.,  are  such  as  to  disqualify  them 
for  admission  into  any  good  and  desirable  insurance  company.  In 
all  such  cases  the  building  and  loan  associations  are  the  next  safest 
aud  best  paying  investment  for  small  amounts. 
There  is  necessarily  a  great  diversity  of  opinion  amongst  the  most 
experienced  and  judicious  business  men  as  to  the  merits  and  demerits 
of  the  various  schemes  and  opportunities  offered  to  investors.  It 
would  be  well  for  you  to  investigate  and  consider  well  the  circum- 
stances and  terms  upon  which  you  invest  your  money.  These 
remarks  are  simply  suggestive  and  are  intended  to  stimulate  you  to 
make  an  early  and  prompt  investment  of  your  earnings  in  some  safe 
place  where  they  will  yield  you  the  best  interest  before  you  may 
thoughtlessly  spend  them. 
When  a  young  man  makes  an  investment  in  any  enterprise  and 
takes  upon  himself  the  responsibility  of  making  monthly,  quarterly 
or  yearly  payments,  it  is  apt  to  have  a  very  steadying  and  salutary 
effect  on  him  and  it  may  change  the  current  of  his  whole  life.  It 
has  a  tendency  to  arouse  in  him  ambition,  awaken  a  spirit  of  enthu- 
siasm and  inspire  him  with  hopeful  visions  of  success.  He  sees  in 
the  distance  cheering  prospects  and  a  bright  goal  which  he  resolves 
to  attain. 
The  baseball,  golf,  football  and  other  games ;  the  theatres  and 
other  places  of  amusement  and  pastime  are  less  frequently,  if  at  all, 
attended.  The  habitue  of  the  beer  saloon,  the  race-track  or  gam- 
bling resort,  if  he  has  been  a  patron,  will  wonder  at  his  absence. 
So  he  settles  down  and  determines  to  become  an  earnest  pharmacist 
and  a  good  business  man,  goes  to  work  with  energy  and  renewed 
effort ;  attends  strictly  to  business  and  becomes  frugal  and 
economical. 
