Lyon County times. [volume] (Silver City, Nev.) 1874-1907, 1876-01-23
TO STOCK DEALERS.
ernuu ARTICULATION ON A
SAFE BASIS.

To the pnblic who deal in stocks. and par
t;cularly 10 that class who have neither the
willingness nor ability to take the great risne
attending the method of dealing he-eto!ore Al
use. the Feasibility of way TO specuia,e On /"
large scale upon the payment OF sinaii s,'i,.
Of money, with no possibihty OF loss, 80 ~
fbau the forfeiture of the small amount VI
money originally paid lin the event OF lhe
narti,.til AR stock dealt in not rising or IaihE'
aocording to the expectation OF the OPP az
and With perfect freedom from all llanlil1 ;y
for ..more mud" the system 81 ~, Sloo IN
pRIyIIEGES known as PUTS ana
.CArLS." properly and honorably conducted,
commends itself beyond cavil as the Only
Man Of operating Were this not so, why
rwnuld such extensive dealings in STOCK PriNi-
lepes be carried in all the great stock c 81,
tiers of the world? For years the system mas a.,
,ost with popnlsr favor and patronage IN
Paris. London and New York, and WITHIN tne
mast year has grown to large proportions III
San Francisco. Nary fortunes nave oeen
realized in this way by persons beginning WIN
small Investments 1t Is true tnat one eshny NM.
always make. for If the particular s.ocA la
tion of the Privilege Contract, the purchaser
would lose the payment which he orleinaiiy
made Int can lose no more. Heretofore there
have been for our public only the following
methods Of dealing in stocks
First--A purchase upon the payment OF tne
whole amount of money. in which case the
purchaser runs only the risk OF depreciA.o,n
In the value of the stock which is great Es,,
oftentimes being fifty per cent. III 5ihsie
week or month. -. - .
Second--A purchase upon the payment OF .
mart of the cost of the stock tsay forty per
cent? generally known as buying on mar
cins''--a system fraught with great Danger
and equally as bad as ''mortgaglnS ones
homestead" having brought many person
to beggary =.
Third--A sale of any stock to deliver at a
future time the person selling being without
the stock and anticipating decline, with the
expectation of buying it in at lower price
before the time of delivery expires. rms Is
known as s'selling short" and requires pay
ment down Of at least forty per cent. on the
market value of the stock and entails unliInit-
ed liability on one who thus operates. Ger.
tanly no proper-mlnded person can coihinoA
1t 10 the people. -.
In contrast to the above old system of stock
speculation, the Privilege or Put and Gail
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 fran
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 and
reject the contrary; for they act from prln-
chile based on results As in politics the plat
form of party provides the test for success
of the canse, so in stock speculation 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-
TEN may be given as follows:
A 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: