Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1876-01-20
n~IscRLLASIvss.
TO STOCK DEALERS.
srocK ~sPEcULAvIoN
ON A SAFE Basis.

no TIE PUBLIC WHO DEAL IN STOCKS.
and particularly 10 thai class who have
neither the willingness nor ability to take ths
gfrat risks attending the method OF deaiins
heretofore In use. the feasibility vi. . WAY ~
asmaii sun Of money. with no possibiiity Of
loss osher than the forfsltur. y me small
amount Of money originally paid I'm the event
OF the particular stocs dealt In not rising or
falling. according 10 the expeetstion OF the
o. ~erstorl. aud with perfect fresdoa from al,
liability Tor more mud" the system OF
STOCK PRtvlLkGEs. Known ~ PUTS"
aud "CALLs." properly and hoIorably con-
Quoted, eommsnis Itself ts,oni cavil a the
only plan Of operating. Were this not NO, why
would such extensive dssisss IN s'o.k fi.v.
tiers Of the vorldi Fur years the system has
met with popular favor and patronage In Paris,
London and New York, and within the pact
year has grown 10 large proportions In San
Francisco. Many fortunes have been rraiked
IN this way b, person. beginning with s,nal,
make, for 70 the particular stock dealt In should
remain Stationary until the expiration OF the
Privilege Coatract. the purchaser would lose
the payment which b. originally made, but can
losr NO more. Heretofore there have bssn Tor
our public only the following methods Of deal
Ing In stocks:
fi,t-A purchase up u the payment OF the
whole amount Of money. In which case the
| puTcha.er runs only the risk Of Q deprsclatlon
In the value Of the stock. which ID . great rick.
oftsntlmes being nity rer CRIT. In = singls week
| or month.
seeond-A purchase upon the payment Of q
part Of the co.t of the stock lsay fortS Per
| cent }, eenerally known ~ buying Tn = mar.
vins"-a system frsught with great danger. aud
equally ~ bad a. : isortsagin , ones home
stead" having brought many srenon to bcg.
Tfhird-A sale Of any stoch To deliver at . fu.
turs time. the person selling being without the
stock aud anil .ipating q decline. with The eS.
pectAtion Of buyiLg u m II . lower price beforr
the tim. of delivery expires. 1his IL known ~
"ssliing short" and requires sIajment down
Of Al least iorty per cent. on the msrke, value
one Who thus ~opersi.s. Certainly No proper
minded perpon eau co pmsni IL To the people.
In contrast 70 the sboye old system OF stock
speculation. tho. Privilege. or : Put" and
sc.ll.. plan !. q, prefer.bls. In New lort
Jay Gould, Daniel Drew, and others. sell
"Puta" and Calls" only In large parcels TO
any one purchaser. and In San franclsco there
as alec wealthy operators In and out Of the
San Fnneisco Stock and Exchange Board. who
ssIl this IAN character Of Privilege only In
Large parcels. These Privileges can always be
bought In San Francisco. hut only In large lots.
To utilize these Privileges obtained from big
operators, and 10 give the public an opportunity
according 10 tbs ability or deslre OF each per.
soa. 10 within tho province Of a Broker In
stock Privileges. The people are the sole ar
biter OF any matter Of public interest. and
never fail 60 appreciate what IL good and reject
The contrary ! Tor th:y ,s, ron principle, based
party prSvidss the test for sucse . OF the cause.
% In sock speculation has the plan Of Stock
Privileges bcsn tried 10 the eruclbls OF public
opinisn. aud hss become thereos more popular