Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1893-09-02

Inquiries regarding the Guarantee
Investment Company still continue
to come in, and for the purpose of Sc
curing some authentic and detailed
information as to the actual opera
tions of the company reporter called
yesterday at their general offices in
the Adams Express building, on
Dearborn street. In the course of
an interview with Mr.. Macdonald,
assistant general manager, the fol-
lowing interesting facts were elected
Said Mr.. Macdonald
"We issue an investment bond on
the following conditions: AT the
time application is made for a bond
the purchase price of SO is paid to
the agent taking the application,
and monthly installment of 81. % is
payable the first day of the month
following the date of said appli-
plication. If the installment is not
so paid when due fine of 81 is levied
against the holder of such bond, I'M
less the same is paid within fifteen
days, and if not paid in the next tif-
teen days then the said bond will be
cancelled on the books of the com
pany for non-payment. The com
pany pledges the bondholder that GU t
of the monthly lnstallmcnt of S1.25
paid % cents only shall be used for
expenses in conducting the business,
and 81 of the said monthly install
ment shall be paid into a trust fund
to be used solely for the payment of
bonds in the order of their issue as
follows: AS soon as there is 81, 200
paid into the trust fund it shall be
paid to the person holding bond en-
titled thereto by the table issued by
this company providing said bond
has not been Cancelled for non-pay
ment) as follows: Bond No | will be
entitled to the first 81 900 paid into
the trust fund and bond No. to the
second 1900, bond No. 2 to the
third $1,000, bond No. 10 to the
fourth 81, 900, etc.
Now, YOU can readily see that
with 1000 bonds in force the com
pany can redeem one bond month
and with 100, 600 bonds in force w
can redeem 100 per month, and witt
900, 600 bonds in force we could re
deem 900 bonds month. The mai
holding bond No. 1000, 900 will re
ceive his money just as soon, paying
one thousand $1,000 bonds a month
as the man who holds No. 100, 00(
will, paying one hundred 400 bond
a month. and the man holding No
100. 600 will get his money Just a
soon, paying one hundred Q00) bond
as the man holding 900 paying On
bond a month.
"Now. il when we sold our frs
fond, suppose we had never sold an
more. II is plain that the holder q
bond No. ! would have TO pay in TO
900 months. and his bond woul'
cost him $3.50. If there were fou
men who paid in one of them woul
draw his money In little owe
twenty years, and II there wer
] coo men who owned bonds and pa.
i'm their monthly installments, on
man would get his money IN on
month. Now, for illustration, tn
man who bought No q bought 10 Oh
first month Of the eomplny's exist
cnte and 10 vas redeemed la fou tee
months aud an he paid la was $1,000
/ Now We are redeemlug bond Ne 1000
aud No has only been hfteen month
Since lt was issued. We are redeem
Ing lt ata cost o. Che holder of t2H 2.
eNow, w. all knuW that tss - vii
Hat pas ~ 0n0 au who pass itf
/ f the other fellows Nuu ake th
\ Ola tlmr lle Insurance rumWnie
lnI $50 lha SOS Nafk insurance i'
Y n4flmout fefnrt aua fnn HiIl hH
7 laaf h4ta Hl.fmai fbalr NN'fiw ~
I ta1 n.I tH.IlI ffln ~ "a .Ht uI .U
IsaH f.I nf lhHHal lH 0IN.
aaHIa nHN HsNmHNt af N0N M Nf