Judge — June 24, 1922 — page 30: what you’re looking at

Machine-transcribed from the original scan — historical spelling and the odd misread are preserved.

“1Don’t Guess--I Invest” How one man found out the safe way to get 8% I used to buy stocks and bonds without asking much about them, just because my friends told me they were “good things.’ and that the price was sure to advance so that I would make a nice profit. My money disappeared time after time and I never saw it again. After a while I figured out that somebody else was pocketing all the cash I was able to save. So I began to ask myself whether there was not some way to be sure, in advance, that my money wouldn't be thrown away every time I invested it The Rule of Common Sense Then, one day, Jim Watson came into the store after the bank had closed and 1 if I would cash a check he had gotten in the Tt was drawn by G. L. Miller & Company, of Atlanta, Ga “I never heard of these’ people, Jim.” I said “but I guess your endorsement makes the check good.” “It doesn't make it any better than it was be fore,” Jim snapped back. “I have been getting those checks regularly now every six months for a number of years, and not one of them has ever come back on me. Miller Mortgage Bonds are about as safe as anything you could own. That made me prick up my cars, for I was on the lookout for a safe investment. Jim told me how carefully Miller Bonds are safeguarded, being secured by first mortgages on valuable buildings. by a first claim on the rents of the buildings, and by all sorts of legal protection jut how can you be sure they with all these safeguards?” I asked. “They are safe because they Jim replied. The Test of Reasonableness Then I realized for the first time that any in vestment to be safe must conform to common sense I discovered that Miller Bonds answer the test of common sense from start to finish. They pay 8 because that is the rate commonly paid on that sort of loans in the South just now. They are safe because the value of the property is conservatively estimated and only a reasonable amount is loaned against each building, and because a certain amount is set aside out of each month's earnings to pay in- terest and principal. That is how I solved the secret of investing safely and profitably. 1 complete copy of the investment stor life, from which this incident 1s take 1 be Sent on request. Ask for f "T Don't G "When you pur investme er First Mo are safe, even are reasonable ‘em as thou through the puri Bonds yielding 8% he coupon $100 Bonds; $500 Bonds; $1,000 Bonds Interest paid twice yearly Yield: 8% Partial payment accounts invited G.L.MICLCER & G. | | | | INVESTMENT. BUREAU ConpucTED BY THEODORE WILLIAMS bseribers to Ince are entitled to ansicers to ile nancial qu and in ¢ f ph. No charge is made for this « munications arc confi fa losed. the Financial Editor, Boy er SHOULD GERMANY GET A BIG LOAN? $ IT wise and prudent economics to aid Germany to float a loan of large dimensions? The consideration of uch a bit of financing was the ma business of the International Confer. ence of Bankers at Paris. Financiers naturally confine their attention to the soundness of an investment, leaving the question of its expediency to be settled by others. Our representative at the gathering, Mr. J. P. Morgan, does not appear to have discussed the’ propriety of the loan, but only sought a solid basis of security for it. That supplied, he and his fellow-conferees were disposed to promote it. Doubtless the most of Europe would welcome successful negotiation of the proposed loan. That would place Ger- many for a time at least on Street, so far as her reparation pay- ments are concerned. She could thereby realize at once a lump sum which might satisfy the present demands of the Al- s and stave off the grinding need of sping up her installments. Since ‘ance would receive the major part of 1e proceeds, she, too, would be grati- tied by the flotation of the loan. She would then, perhaps, repress to a de- gree the irritation, the impatience, and the doubts which have made her so rest- less of late and in some eyes i ble. She would probably nd lend more receptive ear to pro- posals making for general peace and harmony. She might indeed be induced te greatly reduce the big army she has been holding together as a menace to a Germany reluctant to meet her obliga- tions. The effecting of the loan would tend to pacify France because it would help her in her gigantic task of re- habilitation. It would change her mood so markedly that she might become a positive factor in reconstructing the remainder of the Continent. So the direct good effect on France would be assed on to her sister nations and in- | directly benefit all Europe. UT what would be the effect of the German loan on the United State: 111 HURT BUILDING, ATLANTA, GA | . acetals cera: s MAIL_THIS_ COUPON Y see Germany's burden eased, believing 0.1: Miller to, 156, | that her resulting prosperity would r 111 Hurt Building, Atlanta, Ga Dear Sirs: Please send me the story, “I Don’t Guess—1 Invest!” and tell me what you recommend for an investment of $ + maturing in about years. (These blenks need not be filled in, but the information helps us to give the investor personal attention.) Name Address City and State | this country. | government, act helpfully on this as well as other countries. But others take the pessi- mistic view that America would be the chief market for the bonds, and that money needed to capitalize American enterprises would be devoted to the pur- chase of the bonds, to the detriment of Moreover, doubts are ex- pressed of the stability of the German which might be ov 28 thrown by a new revoluti in which case the bond contracts of the existing regime might be pudiated. Also, it is suspected that nee, Britain, Bel- gium, and Italy might use their respec- tive shares of the bond proceeds in doing something adverse to American interes But no loan can he launched except on a hard and fast agreement giving the Allies complete control of the situa- tion, and ability to enforce its terms whether the political government stands or fa If the security determined on should be customs or railroad receipts. Allied commissioners, ed by the whole power of the Allies, will super- vise collection, and not even a_revolu- tion could long be disturbing. The rate of interest borne by the new loan would undoubtedly be high, and it would be profitable for Americans or for anybody else to buy the bonds. If capital should be wanted for legitimate projects in this country it could be obtained by outbidding or even equaling the yield on the German issue. The additional fear that such assistance to Germany would prove only a tempor good and that the Teutonic republic’s condi- tion would eventually be worse than be- fore is a mere matter of prophetic opin- ion, and cannot be verified except by the event. A_ billion-dollar would be far more loan to Germany ensible than a simi- lar loan to Russ It would be safer and better secured. The Soviet govern- ment could not be depended on to em ploy honestly or usefully the funds fur- nished it in reconstructing its wretched country It would not brook Allied supervision or control of expenditures, and there would not be such security) available as Germany could offer. Th financiers of the capitalistic countries will not advance any cash to a chaotic nation, and not even the Soviet sympa- thizers throughout the world appear ous or able to do so. A loan to Germany and some relaxing of the reparation requirements may prove the necessary stimulus to increase industrial activities and restore pros- perity in Germany. The loan should not be grudged if owing to it the world- wide consequences of the War should be somewhat mitigated and repaired. Answers to Inquiries Q.. Pittsaurcu, Pa. and 8s are fairly good issu but probably a safe business ‘s purchase. C., Tacoma, Wa‘ uthern Califor ison common, pay r cent., looks lik cellent. business man’s investment. SAN Francisco, Cat.: I have all alone thought well of the American La France stock comicbooks.com