Judge — September 9, 1922 — page 30: what you’re looking at

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

“T Don’t Guess] Invest” How one man found out the safe way to get 7% or 714% 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 T 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 he 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 asked if I would cash by G.L. Miller & Company, of Atlanta, Ga. I never heard of these people, Jim. T said, but I guess your endorsement makes the ch 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 ears, for T 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 “But how can you be sure they are safe, even with all these safeguards?” I asked “They are safe because they are reasonable,” 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 7 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 con servatively estimated and only a reasonable amount is loaned against each building, and because a cer: tain amount is set aside out of each month's earnings to pay interest and principal That is how I solved the secret of investing safely and profitably. $100 Bonds; $500 Bonds; $1,000 Bonds terest paid twice yearly Yield 7°; or 7'2', Partial payment accounts invited G.L.MILcERs G. 116 HURT BUILDING ATLANTA, GA. “First — the Investor's Welfare”’ MAIL THIS COUPON TODAY G. L. Miller & Co., Inc., 116 Hurt Building, Atlanta, Ga. Dear Sirs: Please send me the story, “I Don’t Guess—I Invest!" and tell me what you recommend for an investment of $ + maturing in about years. (These blanks need not be filled in, but the information helps us to give the investor personal attention. Name, Address City and State Investment Bureau Conducted by Theodore Williams aph. N ge te uaade for this screvee.. AL stamp skould always be inclosed. Address all inquirics 1 giving full name and exact atrect address, Anony M commun * ancial questions, and in emergencies to anawer by ations are treated confidentially. — A two-cent poatage 10 the Financial Kiitor, umar, 627 Weat j munications will in mo case be answered. St, New York The Making of Too Many Bad Marks UNDRY letters to the Investment S Bureau disclose the writers’ far that this is a psychological moment for making substantial investments in German marks. The latter have been selling at the rate of over 1,000 for an American dollar, and my correspondents imagine that it would be a good specu! tive stroke to put SLO or $100. or on into these tokens of ‘Teutonic fi soundness, Should the marks ever. re: in their normal value, the pure of S100 worth at current quotations would stand to yield the buyer about 000, which the average American considers a wmfortable fortune, even in an age of millionaires. Few get-rich-quick schemes pan ont better than that. re vial OSE hiates tor dispel such a pleasant pipe-dreat vertheless the time does not appear to. ripe for entering upon such a venture. Marks are un- lly low priced, if not cheap, but eh their real eis no dout they may not have re nm counter level. danger of a seareity of th is cornering the market. The supply, in fact, is so rapidly inereasing that be long it may be possible to obtain instead of 1,000 marks for twenty nic Indeed, eynical observers are hinting that 1. for no one some day the mark will be worth as little in commercial transactions as the itis printed on. [tis not tion that marks may eventually be offered in wheelbarrow loads or cart loads at much lower figures. An American cent may then buy as many marks as can now be procured for even $10, Eager specu- lators, therefore, may well curb their im- patience, assume the attitude of ful waiting, refuse to pay the existing ex- cessive price in United States coin, and {defer purchase until the bottom has clearly been reached. The safer plan is |to hold off until marks are so plentiful | that they will have to be repudiated and will have become worthless. Then, like Southern Confede - notes, they can be bought for a song and preserved as souvenirs of peculiar days. che 0-DAY there are only about 200,000,- 000,000 of paper marks in existence. But hundreds of millions additional are being run off monthly from the printing press at Berlin. The German Govern- ment under the urgency of reparation, and to obtain needed gold, sold vast quantities of its paper at “catch-as-catch- prices, and even if it shall be grante a moratorium it has formed so strong a habit of emitting fiat money that it may not be able soon to stop doing so. It is still far behind its neighbor, new friend and exemplar, Soviet” Russia, in the volume of its money (2) issues. Russian rubles wonld be dear if appraised at 10,000 for a cent, and the output of marks will have t satly accelerated if it is lo over the ruble crop in size and tion, But the Germans are aggres- denergetic; they go far in what ever they under and so the Russi must. look out lest) presently they. lose their Jaurels as the champion money manufacturers of the world, he siv THE Investment Burean is firmly con- vine that it is quite as advisable just now to gamble in ‘Texas cheap oil stocks as in German marks. ‘To be sure the first-named are in the main good only for the paper of their dazzling ecttific But they come in larger variety and are more suitable for decorative purpos the walls of log cabins and summer camps. The buyer gets the equivalent of a Sunday supplement or a cirens poster, things of beauty, though not joys fore In spite of all warning: tive persons, who enjoy going from loss to loss, will continue to purchase both marks and ten-cent oil stocks, while only bonds and shares of sterling merit can satisfy the merely practical folk who seek, as nearly as may be, a sure thing, and who somehow get along in the world. Answers to Inquiries L. Conoexe, Mins: Swift & Co, is one of the packin in the United States. Tt ficit in 1921, but presumably the busin improved this year, for the stock is quoted above par. Tt looks re fe. Wi preferred. sha cent. preferred, U, Steel 8 per ce Motor Steinmetz Electric Car Co. is. prod ented by the great electrical expert, Stei the company does not yet to have bec I success. It dT have no manufacturing. paid n he motor car y well divided up, future of the is not wholly certain. I would prefer to y that is better established and has been making tr industry st buy the stock of a compai dy: paying div KeELAND, Pa: The U.S. Rubber Co. in 1921 had a deficit of over 86,000,000 compared with a surplus of over 89,000,000 in 1920, Business in 1922 has shown steady. improven No dividends on the likely t