The sun. [volume] (New York [N.Y.]) 1833-1916, 1877-11-15
Nine Per Ccni. Gnnrnntccd.

This Is the title 81 seductive little PAM
phlct recently addressed, not only to cap-
tal-f- and nUnoyod corporations, but like
wise tu such farmers, mechanics, and profess
sional and -alaricd men a. lay up a few hum
droddolmr- annually, and are DESTROYS of in
vc-tng their savings IN the safest and most
profitable manner. Ihercis no other service
the average Wall street nnancicr 50 cheer
fully rcndcrs his fellow citizens ~ that 81
investing their surplus funds. That these
investments frequently prove permanent to
a degree nevercontemplatedb by the investor,
is fully as much his fault as his misfortune.
The fools are not all dead yet, else the com
munity would not be delnged with pam
phlot- Ike that now before ~.
The promoters of the present scheme
tcrscly set forth that most of the avenues
which formerly cnat1cd investors 10 loan on
good security at a paying rate of interest
here in the East have become full, and in
not few cases have closed entirely. They
have therefor" addressed themselves to the
task Of opening MP in the far West new ave-
nue- of Investment for Eastern capitalists
aud others. Moneys intrustcd to them are
loaned 10 responsible Western farmers on
first mortgage security of choice homestead
farms. These Investments are recommended
10 the public because of the profitable rate
Of interest, the absolute security, the
promptu"ss of payments the convenience
ui collection, the facility of transfer, the
Immediate control the investor Is supposed
to have over his own Investments, and the
safety Of Western land titles.
What more could the most cxacting, pru-
ID. Ia
may almost be- called ideal Investments A.
the promoters remark, investors cannot
fail 10 see the advantage they derive in
making investments through their firm.
The business has become so system
ati2ed that any capitalist owning or con-
trolling a sum Of three hundred dollars or
upward can, with the most perfect ease, in
vest ii for "A term OF from three TO five years
IN ono Of these nnc per cont. first mort
cages guaranteed Funds for Investment
may hc sent to the promoters 10y draft on
New York, Boston, or Philadelphia or by
express (propaidl direct. So perfect are the
facilities for transferring funds to the Vest
crn olllcc that the promoters are enabled
to say that interest at the rate of nine per
cent PER annum will begin ON all funds sent
them for these investments on the third day
after the date OF their receipt. In due time
Tn" lender receives the mortgage, complete
abstract of tGlc, bond, with interest notes
attached, and exact description of the prop
orty with appraisal and full particulars.
A strict record Of every loan is kept, SO that
in casc Of loss Of papers no serious trouble
or loss would follow,
II man docs not know how TO take care
OF his money no amount of law, or official
supervision even, can possibly protect him.
What Ama2cs one in these days Of savings
bank fnancicrng, fathless trustees, dis
honest officials, and general rascality, is
the wonderful facility with which easy
going, unsuspcOus mOrtas embark their
money Ia doubtful Enterprises, simply be-
cause they are palntod in glowing colors by
persons OF real or supposed responsibility.
GiLMAN'S operations demonstrate the mar
kct value Of his name. Had his rcputa-
tion and standing been less respectable, his
raised scrip would nave boon subjected TO
scrutiny before it was accepted AZ collat-
cral Ills narc was its guarantee, man
less known in the business world could
! not have perpctratcd these frauds 80 easily
II at all. 1t follows, therefore. that the