With growth of riches we find increasing numbers of people which wish to invest their means in good

With growth of riches we find increasing numbers of people which wish to invest their means in good securities. To make it successfully and safely is very difficult question. It is even more difficult to hold money with advantage used than to make it. Changes and innovations have continuous occurrence. Not only that new securities constantly encounter the market, but also new subjects as for the basis of their manufacture assiduously search. Each recently found out force or process in the mechanic mean occurrence of other branch of paper securities. Revolt war popularised the coupon obligation, because of its acceptance by the government, and has made it, the favourite form invests the capital [238] ment a paper. Railways and other corporations
Soon helped directly the confidence, which that version of the paper inspired, and the states, cities, and districts, soon flooded the country with the obligations bearing long appendices of the coupon. Many people have bought and have paid the good prices for coupon bonds , giving to them any control over their safety who would reject the joint-stock certificates designating equal interest in the promised property and granting it the right to participate in its management, with possibility returnings for their money. Many of States through the negligent legislation have allowed to solve to corporations for themselves quantity of obligations which they could make, and the privilege have very much abused. We have now stocks and bonds on the market representing almost all conceivable kinds of telegraph of the property, and we call to the companies, extracting the companies, ranch of horned livestock, a grain farm, a waterworks, channels, bridges, oil - and gas wells, electric illumination, the companies of the cart, factory and factories, we patent the rights, steamship lines, apartment houses, etc. Not only that properties of many kinds are used to let out bonds on, but it is a lot of kinds of bonds, often are issued on the same properties. One problem of bonds sometimes becomes the basis of other problems. Someone has told, that never there was time in world history when it was so easy to invest money - and to lose it. From securities which are offered with the first class recommendations, it is probable, that approximately one third is actually good, one third has some value, and one third is actually nothing standing. In creation of investments the first and main which will be studied, is safety. Never buy safety of any kind having read it. Do not buy that is usually known as cheap securities. Do not rely exclusively on council of the broker; it can have a personal interest to serve. Certainly the number of losses to investors in securities pur [239] has been pursued exclusively under the recommendation of interested men of the commission.
It is error to give preference to the listed securities that is, on what inform in stock exchange lists. Stocks are too often listed simply in the speculative purposes, and the price represents not so value of the property as assumption giving at that time. Securities finally should stand on their advantages. As a rule the best time for the skilled investor to buy - when others unload.
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VI. CHECKS, PROJECTS, AND BILLS [11]
BANKER"S CHECKS
Check display has lifted from 7.50$ till 70.50$.