The Rock Island Argus. (Rock Island, Ill.) 1877-1885, 1878-11-02
OUR SPECULATION.
A Successful Investment Through the
House of Messrs. Lawrence 8 Co.,
81 Exchange Place, n, X.

1t il a we'll known fact that newspaper |
men are not given to speculative ventures
of any kind, but on the contrary are more
conservative than those engaged in any
other business. The man who makes a
success as newspaper canvasser must
see legitimate return before he can be
induced to put up a dollar. When we
learn that Mr.. P. d. Drake, of The AR
GUS, has made a successful investment
through well known house In New York
we are forced to conclude that the house
is good one and that the business is not
speculative. As matter of fact he never
invested dollar in speculation previous
to the present instance, which, as the re-
suit has proved, would seem to be not so
much a speculation after all, but good
judgement in knowing how to invest in a
proper way and comprehending opportuni-
ties for making money with a certainty
when they are offered. There are doubt
less many people who, like ourselves, have
heard much about Wall street operations
in stocks and cash securities, but whose
specific knowledge of the subject is quite
indefinite and not of a practical nature.
For the benefit of these. as we'll as a mat
ter of justice to the Banking House of
Messrs. LAWRENCE & Co., we will state
the details of Mr.. brakes investment and
result. While on tour east, stopping in
New York City, a friend called Mr..
brakes attention to the new system of
operating in stocks which Messrs. Law
renee Il Go. have very successfully inaug-
D urated. This method consists in combin-
ing or massing together the orders of
. thousands okeustomers. in various sums, in
to immense pools and issuing to each
5 member, shares for the amounts invested,
and these united with the capital. skill,
o and influence Of the frm under whose d.
rectlon the operations are carried on, bring
= large profits where no other method
could possibly succeed. The plain, COM
: mon sense business basis Of this system
} commended itself to his approval at once
and he invested $40 in a combination then
q forming. The first notice of purchase and
o sale of stock 10 which his investment was
j. put, bears date Sept. 9th of turn made
on Northwest preferred on which the pro
fit was per cent. or $50 per 100 shares
d Second notice, Sept. l9, turn on Lake
a Shore, per cent. or $50 per 100 shares,
i Third notice, Sept. 9th, turn on North
4. west common, 24 per cent. or 1925 per l0C
shares, Fifth notice, Sept 18th. turn or
is Lake shore, per cent. or SIS per hund
X red shares. Sixth notice, turn on Lake
Shore. 4 per cent. or $75 per 100 shares
:" Seventh notice, Oct. 4th, turn on Lake
= Shore, l per cent profit or 500 per lot
shares, and closing of the combination
I'd Figuring up the profits on his investmen
D. of $40 educting commissions and char
I'd ges of all kinds he received from his bro
ot kers, Messrs Lawrence & Co., total o
" $l0415. This was a most satisfactor,
profit and he can heartily recommend thi
O. firm and their cooperative method Q
ny dealing in stocks to any of cur citizens VIII
may wish 10 invest 10 a successful way O
making money.