Lyon County times. [volume] (Silver City, Nev.) 1874-1907, 1876-01-06
TO STOCK DEALERS
crock 6PECULATION ON 4
SAFE BASIS.

To the public who deal In stocks, and par
ticularly 10 that class who have neither the
Willingness nor ability to take the great risks
attending the method Of dealing heretofore in
use, the feasibility of way TO speculate on
large scale upon the payment OF small sum
of money, with no possibility OF loss, other
than the forfeiture Of the small amount Of
money originally paid I'm the event OF the
psrticul ar stock dealt In not rising or failing,
according to the expectation OF the OPERATOR,
and with perfect freedom from all liability
for more mud" the system Of STOCK
PRIVILEGES, known Ms PUTS" and
CALLS properly and honorably conducted,
commends itself beyond cavil ~ the only
plan of operating. We're this not 80, why
would such extensive dealings in Stock Privi-
leges be carried on in all the great stock Gen.
tiers of the world? For years the system has
met with popular favor and patronage in
Paris, London ana New York, and within the
past year has grown to large proportions in
San Francisco. Many fortunes have been
realized in this way by persons beginning with
small Investments. II is true that one cannot
always make. for If the particular stock dealt
in should remain stationary until the expira-
ton of the Privilege Contract, the purchaser
would lose the payment which he originally
made, but can lose no more.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:
First--A purchase upon the payment OF INC,
whole amount Of money. In which case thT
in the value of the stock, which il great risk.
oftentines being fifty per cent. in single
week or month. 4.
Second--A purchase upon the payment Of
part of the cost OF the stock tsay forty per
cent generally known rs buying on mar
gins"--a system fraught with great danger
and equally Ms bad as 'mortgaging ones
homestead" having brought many person
to beggary.
TLird--A sale of any stock to deliver at .
hs.tr thnnt
the stock and anticipating decline. with the
expectation of buying 1t in ut lower price
before the time Of delivery expires This 10
known Ms selling short" and requires pay
| ment down OF at least forty Yer cent. on the
market value OF the stock and entails unlimit-
| Ell liability ON one Tho thus operates. Ger
| tainiy no prUper-mihded person can commend
| it to the people.
In contrast t. the above old system of stock
| speculation, the Privilege or Put and CALI
| plan Is far preferable. In New YORK heasy
| stutk operators, such az Russell Sage, DAY
| Guula, Daniel Drew and others, sell Puts
ana 'Calis' only IN large parcels TO any one
| pure haser. 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 eli arActer vi Privilege only in large par
| cells. These Privileges can always be bought
| in San Francisco but only III large lots.
10 utilize these Privileges obtsinsd from
| big operators aud to Hive the pubIic an ol-
poftunity To take advantage oi theh III Small
or way, according to the ability or dehlre OF
each person, j. within the province of II Brok
er IN stock Privileges. The people are the
sole arbitefs Of any matter of public interest
and never fail to appreciate what is good anc
reject the contrary for they act from pm
| ciple based on results. Az III poIitics the plat
form OF a party provides the tett Tor success
| of the caLse, 30 IN stock speculation has tn
plan Of stock Privileges been tried III the cru
chile of public opinion and has become thers
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 IL u
make a profit by fall in the stock below tn
| price specified in the contract. This charac
ter Of contract is signed at price below tn
market value of the stock at the time Of issu
ing the contract. and reads as followsi