Lyon County times. [volume] (Silver City, Nev.) 1874-1907, 1876-01-20
70 STOCK DEALERS.
STOCK SPECULATION ON a
SAFE BASIS.

To the public who deal in stocks, and par
tieularly 10 that class who have neither tne
willingness nor ability to take the ereat risA
attending the method Of dealing he-etolofe III
use the feasibility Of way to speculate on
large scale upon the payment OF sinAii sun !
of money with no possibility OF loss o.het
than the forfeiture of the Small amount %
money originally paid (In the event OF the
nsrti,.11ln M stork dealt in not rising or fAIlhS
soe,rdtug t. the expectation OF the optfatofl /,
and with perfect freedom from ali nanny
for more mud" tie system OF oioOn
PRIVILEGES. known as PUTS ana
.CA.,Ls." property snd honorably conducted,
comiueuds itself beyond cayil as the oniy
plau of operating. Mere this not SO. why
wTlld such extensive dealings in stock Prlyl-
leges be carried on in all the great s'och ecu
ters of the world? For years the system mas
met with popular favor ana pa'rYIase IN
Paris. London and New York, and WITHIN the
past year has grown 10 large proportions III
san Francisco. Many fortunes nave oeeh
realized in this way by persons beginning with
small investments. 1t is true that one eanhot
always make, for if the particular stock desIt
in should remain stationary untll the e1pifa-
tion of the Privilege Contract, the purchaser
xonId lose the payment which he originally
made but can lose no more. Heretofore there
have been for our public only the following
methods of dealing in stocks;
Flrst-A purchase upon the payment OF the
whole smount Of money. in which case tne
purchaser runs only the risk of depreciation
in the yalue OF the stock which is great risk,
oftentinles being fifty per cent. IN Single
week or month.
Secoud-A purchase upon the payment OF
part of the cost of the stock tsay forty per
cent. generally known as buying on mar
ginsa-s system fraught with great Danger
and equally As bad as ''mortgaging ones
homestead" having brought many person
| to beggxry.
Thiri-A sale Of sny stock to deliver at q
future time, the person selling being wlthou1
the stock and anticipating decline, with the
expectation of buying it in at lower prlee
! before the time of delivery expires. This Is
known as selling short, and requires pay
meut down of at least forty per cent. on the
market value of the stock and entails unlimlt-
ed liability on one who thus operates. Ger,
tainly no proper-minded person can commend
it to the people.
speculation, the Privilege or put and Cali
plan Is far preferable. In New York heavy
stock operators such as Russell Sage, Jay
Gould. Daniel Drew and others, sell puts
and Calls" only in large parcels TO any one
purchaser and in San Francisco there are also
wealthy operators in and out of the San iran
cisco stock and Exchange Board who sell this
same character of Privilege only in large par
GELS These Privileges can always be bought
| in San Francisco, but only in large lots.
To utilize these Privileges obtained from
big operators and to give the public an OPP
portunity to take advantage of them in small.
er way, according to the ability or desire OF
each person, is within the province of Brok-
er in Stock Privileges. The people are the
sole arbiters of any matter of public interest
and never fail to appreciate what is good ana
reject the contrary for they act from prin-
ciple based on results. AS in politics the plat
form of party provides the test for success
laf+ ha sn n stock SnpculdIlOQ has the
plan of Stock Privileges been tried in the cru
chile of public opinion and has become there
| by more popular every day.
The explanation of the Put and Call sys-
tenn may be given as follows:
Put" Contract enables the holder OF 1t to
make profit by fall in the stock below the
price specified in the contract. This charac-
| ter of contract is signed at price below the
market value of the stock at the time of issu-
| ing the contract and reads as follows: