Judge — February 24, 1923 — page 30: what you’re looking at

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

“He Didn’t Sell Me Any Worthless Stock “Because I know how to tell a good investment from a bad one” It seemed as though nearly everybody in town had bought some of the Hawaiian Motor Company stock. Old Mrs. Hawkins bought some with the money she had been saving up to pay off the mortgage on her house. The young men who were selling it to their friends and acquaintances were so convincing, so sure it was a good thing. They were full of enthusiasm and very per- sistent. It was hard to get away from them without buying a few shares, and some people in town invested thousands of dollars. Then, a little notice appeared in the news- paper saying that the Hawaiian Motor Company had gone into bankruptcy. It was estimated that it would pay its debts 10 cents on the dollar. “Well, that salesman didn’t sell me any stock,” remarked Tom Hughes to a friend. “I didn’t have any more experience or wis- dom that those people who got ‘stung,’ but I have a set of rules by which I invest my money safely. Every time I am asked to buy a security I apply a few simple tests, all based on common sense. If the proposition doesn’t answer those tests, I turn it down. “Why should anybody take a chance of losing his money when it is dead easy to get a safe investment paying a good rate of interest?” “IT Don’t Guess—I Invest” Have you ever been confused and uncer- | tain when urged to buy securities that promised you a big profit? Have you ever wished there was some way of answering the eloquent arguments of the enthusiastic salesman — some simple but sure way of really finding out whether his proposition was a good one or not? There is a way of finding out, in ‘advance, before you have invested a penny. All you have to do is to apply a few common-sense tules. These rules form the baris of all sound investing. Thousands of people all over the country are to-day satisfied owners of Miller First Mortgage Bonds, paying up to 7% interest, because these people have epplied these tests and discovered that Miller Bonds mect them fully. If you would like to know what these rules are, and how surely they will protect you against financial loss, mail the coupon to-day for a free copy of the story, “I Don't Guess, I Invest.”” It tells how one man figured out for himself the rules of safe investing. $100 Bonds; $500 Bonds; $1,000 Bonds Interest paid twice yearly Yield: Up to 7% Partial payment accounts invited G.LMitcersG. 104 CARBIDE & CARBON BUILDING 30 East 42d St., New York Philadelphia St. Louis Atlanta i phis Knoxville “First—the Investor's Welfare’’ MAIL THIS COUPON TODAY G. L, MILLER & COMPANY, Inc. 104 Carbide & Carbon Building e story, “I Don't Guess—I In. mmendation for al s a ip about blanks ‘need not be filled in, but’ the information helps us to give the investor personal attention.) Investment Bureau Conducted by Theodore Williams Subscribers to Jopae are entitled to anaicers to inguiries on financial questions, and in emergencies to answer by | telegraph. No charge is made for this service. Al | stamp should always be inclosed. giring full name and exact street address, CHE bit of news for the bus ness world and for taxpayers was the recent announcement that a | threatened deficit in the Federal Treasury Jof more than $800,000,000 bade fair to be reduced to $93,000,000, with a prob- ability that the total deficit might be |wiped out. This improved fiscal con- dition is due partly to increased revenue, |and largely to economies effected by the United States Budget Bureau. This in- agency of the Government has | signally demonstrated its efficiency and value. Through the business methods it has put in force it has stopped a great | amount of unnecessary and wasteful ex- penditure in the various departments, and no one to-day questions the expedi- ency of creating it. On the contrary, everybody wonders why exccutives and [legislators were so lacking in practical }common sense as not to have made it a factorin the Administration a century ago. | fant MERICAN financiers and, ublicists have been very ready to lecture European and other governments for failure to balance their budgets, for in- dulging in imprudent outlays and in- flicting excessive taxes on their citizens. But our critics did this with an ill grace while our own administrators _ were similarly to blame. The books at Wash- | ington should show a balance, and even a | surplus, before it will be in order to crow over other nations. The United States is so much better circumstanced than other lands that it will be shamed if it does not hereafter make both ends meet. The economy which has been practiced does not deserve the sole credit for the fiscal betterment noted. It should un- | doubtedly have gone further and achieved the whole improvement. The outlook would not have been so good had not the nation’s income been mounting and had not customs receipts materially reinforced the sums raised in the regular course of ation. The prediction that the new tariff would prove a preventive of trade with foreign countrie not been ful- filled as yet. -y has benefited by levies on steadi panding imports. Europe is in a distressful state, but it, as well as other parts of the world, is selling large quantities of goods in the American market. A SOTHER pleasant prospect for our | taxpayers is afforded in the willing- ness of the British government to accept the American terms for refunding its war |debt to the United States. Definite arrangements in this matter will be of ad- vantage to both peoples. It will end a source of agitation here and in Britain, and the payments of interest provided | for will relieve the Federal Treasury of a portion of the burden of our enormous national debt. Britain’s example may 28 communications are treated confidentially. Address all inquiries to the Financial Editor, Juoae, 627 Weat $3d St, New Yor, Anonymous communications will in no case be answered. A. tieo-cent pos The Government’s Financial Position arouse a stronger disposition in our other European debtors to pay their obligations, At least she has set a precedent of honest debt-paying that does her credit and that acknowledges our claims to be valid and not to be canceled With the larger share of the world’s gold in ourpossession our currency is absolutely sound and secure. If the Government can continue a conservative course in the handling of its finances it will be well for uintry from now on. If, however, Sse id blocs with their unwise and sturbing schemes are able to induce our lawmakers to rush us into indiscreet, ish and injurious expenditures the United States will not long retain its present proud and influential position as the world’s chief creditor nation. The intelligence of the people should be ot the alert to check all movements to upset uring state of affairs which now Any attempt of that sort will ad- affect business and the securities market. Answers to Inquiries N., Prersnvacn, Pa.: The Interstate Gasoline Co. has been paying I per cent. monthly. That means 1% per year. On a market price of 82 the yield would be only 6 percent. The stock is not in the inv but speculative, You can get a larger y sterling 6 per cent. stock, Southern Paci selling considerably below par. I have no knowledge of Bolton Brothers & Co J. Taveer, Cat: Th show earnings of 821 per sh: fixed charges and preferred mm common of $2.50 re listed on the Nash Motor Co.'s reports opinion of "s possibilities. initial dividend on common was not quarterly, nor has declared to be semi-annual <v.: Dome Mines Co., Ltd ble property. The par value of but it has been selling at abou id is only $2 yearly, y return indeed on market pric a bs ving dividends for several years. par # Ero = $2.50 basis. T mpany had deficits in 1920 and 1921, but it reports a considerable increase of busi- ate. Prxev, Tut. has been in’ existe Vitamin Food Company, Inc., -e only a short time and has not A wobanuisth, <n He’s bit over forty comicbooks.com