The Yakima herald. [volume] (North Yakima, W.T. [Wash.]) 1889-1914, 1890-01-30
FASHION EVEN u STOCKS.
d 1 'THs Thing" Just AOW 10 Own q Few
Shares II Chemical.

Shares II Chemical.
Every now and then there Is, says the
New York Sun, an announcement in the
newspapers Of the sale Of few shares Of
ne Chemical bank stock. In the last
three years there have been about half q
dozen q these sales, and they'haye been
q especial interest TO very rich men
always on the alert to invest their surplus
Feallh. To the poor man, even II he
chances ct the announcements Of the sales,
and the prices realized for the stock Of
he bank, they are Of no particular interest
Except 70 inoeulate his fancy with the
possibility that at some time in the dim
lutura he too may cable TO be a member
among the owners Of Chemical stock.
Three years ago the shares Of the bank
sold in the neighboFhood Of $1,000 share.
A lew days ago ten shares were sold at
auction on the Real Estate Exchange for
tl500 share. Starting first with the
statement that the shares have q par
value Of 800 each, just as most other
banking and railroad securities have, why
h Il that people pay 1850 for q piece Of
Autographed paper which says on Its
face that Il Is worth only 1907 In the
Motus o. 2 man with some cash himself
after reading Of the sale Of ten shares at
tl500 share. cts this not altogether o
fancy price, or, perhaps, q fashionable
pllos ior inc STOCK! ~ 90, why VIII
peoP,s Pay % muen lor Ut 10 u because
ny tnlnk = :. smart 70 own httie' and
ny nke q teii tneir iriends tnat tney
eot y NOT fancy price. tel US why 1t
worm % mucn; 10 Il because Oh tne
Dls smplns' or because Oh tne diVidenos'
~s
ls y piesS sooo me Of questions
no ~ " y = alvelousiy interesting
.Aes tnat every one Oh them conveys Dy
inieFenee tne correct explanation Oh inc
cause q tne nien plice Ior me snaIes'
nls rue that II there u any lashion IN
financial circles it Is considered the
correct tning 70 own q lew shares Of
CnemicAl Suck wen known ana Verac-
lols autnoilnes are Responsible ior tnls
..Asement' as tney aiso are ior the adol-
uonai one tnat many men hke 70 one
WIN ten. shares Or 90 Of Chemical In their
s9opg poN me snares are htnokIapneo
qn no ps.,ef paper .nan may usee ior tne
aen.ses q osnef banks me IOhsmlcal
building on broadway Il q modest
structure. VI ne thousands who pass
! every DAY, comparatively new KNOW
tnat f = there. save ior the occasional
announcements q the sale Of lew shares
q the stock little Is heard Of the bank.
me oileers o. me bank seem also TO
cary the modesty Or, TO speak more
properly IN financial sense, the con-
seiyatlsm q the institution into ther
daily iiNes- On snap guess not ~ per
cent. q ne members OF the New YORK
stock exchange could tell the name Of
I We presldent, and possibly not hall Of
nat numper could ten that the admins
tsaiion q the banks affairs Is conducted
~ but hve directors. Yet when imam
ciess know that . lew shares Of the banks
stock ale advertised lor SAFE they nock 70
me scene and bid with alacrity and Vlgor'
ltshouid b explained that these sales
only occur when me anairs Oh the aiore-
sid man who wanted % die with a lew
shares Of the stock in his strong box are
IN the process q setuement py the ex-
eeq,ols Of The viii Or the heirs themselves
There are only sOOO o. the snares' which,
q : par value PEI share, make me capital
stock q ne bank sSyO.OOO. The shares
arg held by OLD New York families. Yet
18TH iis small capital stock, the last
report Of The banks. officials to the
p1opef authorities shows that IN round
nnmbeIs = mas ssl,lz4'aOo In u. posses.
sion. Ihis vast amoqnt y made up O
ne surplus q undivided profits amount.
IAt @ tojOoosOV0' the capital STOCK OIL
||INIOOu. and the deposits OF patrons
enonntinr a a24. zog. 100. Al the hank