TO SAVE WHAT ONE SAVES.

Waikato Times, Volume 114, Issue 19012, 1 August 1933, Page 4

TO SAVE WHAT ONE SAVES.

The American public is cheated out of £100,000,000 a year through security swindles, according to authoritative estimates. Better laws may help ,to curb this abuse, but men who make it their daily business to fight the fake stock promoter say education must play as great a parti in the campaign against fraud, comments the ■ Christian Science Monitor.

Too often people do not know what to do with their money when they have earned it. Some very simple -teaching in the funda-

mentals of investment should be made general, it is urged. High schools and colleges should give primer lessons in protection, a Such advice is important when coming from experts who know why people are swindled. Often persons who want the best type of security are trusting themselves to professional swindlers. They get into danger through neglecting to investigate the people they deal with.

Such an extremely simple thing as watchfulness to see that

the person who offers securities is reliable and responsible is among ' the a-b-’c’s of investment. But it is apparent from the terrific fraud losses that the first lessons have not been learned by hundreds of thousands of people. •“ * . • ' /

i .•■■■ ... .. v \, ■ . , . .. The schools cannot teach everything, but somewhere in human affairs the lesson of how to preserve money from swindlers must .be gained. Many homes, would have come through the depression far happier if protected by such knowledge. Schools encourage little children to save. Perhaps schools can also help bigger children to save what they save. : , t