THE YOUNG MAN’S CREDIT 
17 
bank to give him time and thoughtful attention, 
or so perfect himself by means of a definite study 
of investments that he becomes self-reliant. 
How many may have wondered why two accounts, 
or rather accounts with two different banks are 
recommended. The St. Louis investor cited above 
draws his money from his savings account with 
which to make his first purchase, and it is very 
awkward to ask advice of a bank from which one 
is drawing the money. Consequently the commer 
cial bank where one has his checking account is 
first appealed to for advice. Such a bank may be 
requested to recommend certain definite bonds, 
or one or more reliable bond houses to whom the 
investor may write. When writing to one of these 
bond houses, the investor may ask for a “first 
mortgage underlying lien which is absolutely safe 
and yields about five per cent.” After receiving 
a list from the bond house (or houses in case the 
bank recommends more than one) the investor can 
then ask the opinion of his commercial bank as to 
which bond it would select. 
As the commercial bank will probably choose two 
issues, then when next depositing in the savings bank, 
the young man can ask the treasurer of this latter 
bank whether or not he believes “either of these 
two bonds to be absolutely safe, and if both are 
safe, which of the two is the better?” In short, 
when the investor has found an issue which, first, 
is recommended by a firm that the commercial bank 
recommends,—and secondly, is approved by both 
the commercial bank and the savings bank, he may