Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1893-07-14
OUR FINANCIAL LETTER,
The Chamberlain Investment
Company.
Its Failure and a Chapter Of inside His
tory Concerning Its Organizer.
"a BROAD STREET,

~ iDhOAD DIKEEI,
NEW YORK, July II, 1893
The money market is slowly working in
to an easier condition. owing to lessened
demand for currency from the interior
Crop conditions are of such an advers
character that st. Paul stock has suffered
marked decline in the past few DAYS
This road has very large mileage in
South Dakota, and crop reports from this
section are decidedly gloomy. Pullman
stock sold only = few months ago above
200. 1t sold today at 1856. Pullman is a
II per cent dividend payer, and around
the selling price is over an eight per cent
investment. This great decline in a gilt
edge stock like Pullman shows how little
intrinsic values count with frightened
people.
The latest government crop report gives
the average of spring and winter wheat as
767, while year ago the average was 90
per cent. Upon this percentage it is fig
ured that the total wheat yield will only be
about $50, ,OOO,0O bushels.
One of the great surprises in the West
Befob
Chamberlain Investment company at Den
yer, Colo. 1t is claimed that the assets of
the company are largely in excess of its
liabilities, but owing to the money strin-
gency they were forced to the wall. The
above company had branches in New York,
Philadelphia, London and Paris, and was
considered strong, conservative invest:
ment company The Chamberlain Invest
ment company was founded by the Cham
berlaiu brothers, and there is a bit of early
history which the writer happens to know
about, and which he has not seen in print
as yet. Some 10 or II years ago Brooklyn's
Y. NJ. c. A. secretary was H. B. Cham ber-
lain. He began to decline in health, and
this decline was of a consumptive nature.
His friends urged the necessity of change
of climate, and Mr.. Chamberlain took a
trip to Denver, and the climate showed
such beneficial results that he soon re-
turned for his family. Upon his return to
Brooklyn he could not say enough in favor
of Denver, and of his belief that it would
be great city. His strong convi ctions
inspired friend, (and a noble friend he
was) to loan Mr.. Chamberlain $1,000, and
he returned to Denver with his family full
of hope for the future. Every Y. NJ. C.
A. secretary in the land will undoubtedly
believe me when l say that the $1,000 loan
was every cent that the party in question
could raise as capital.) The above 5000
was judiciously invested in real estate, and
this money was continually turned over
and over, with large profits in each and
every transaction, as Denver at that time
was growing and booming every "a hours
of her existence. He was soon honored
by the citizens of Denver making him
mayor, and was also president of the
chamber of commerce for two or three
years. In the short space of five or six
years the 5000 had made over one million
dollars, handled by "a shrewd, sagacious
man. This success brought forth the
Chamberlain Investment company, and
with all its branches it made one of the
solid institutions of the West Mr.. Fl. B.
! Chamberlain lives in one of the many fine
residences of Denver, and is respected and
loved by every person in that city. 1t is
said that Mr.. Chamberlain has placed all
of his personal property in the company
assets, which speaks well for his Y. NJ. G.
A. training.
W. P. EAGER,
Banker and Broker,