Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1896-03-14
REV. RUFUS s. GREEN.

REV. RUFUS S. GREEN.
United States. It is published ten months
OF the year at 10 cents per annum DIR
Green, q divine of the church, is the front
Of 1t.
He has gone into the stock business and
Is inviting sisters and brothers of the
church to join him. The representative
organs of the church have attacked his
course. The question has arisen, Is he
subject to church discipline9 High digni-
taries of the church are to be appealed to
Presbyterianism has never tolerated spec
ulation in any form. Elders have been
deposed for playing cards where not even
stake was involved in the issue.
But DR.. Green, lately head of q female
academy Of the church at Elmira, has be-
come the president of the Investment Asso
citation of New York. At the same time
he continues at the head of The Assembly
Herald. which publishes monthly the Pres
byterian missionary news and is O church
organ. DR.. Green's financial circulars,
pleading for patrons, have been sent all
over the country. Presbyterians are up in
arms over the matter, especially since
some Of the circulars have fallen into the
hands Of the poorer class OF people. Para
graphs from DIR. Green's circular are:
The Investment Association of New York is
prepared to aid those who desire to increase
their income through safe and remunerative
investments. 1t sees no reason why any one
should be satisfied with the meager interest
coming from savings banks and mortgages.
Its organization and methods Of business are
the outgrowth of long experience on Wall street
and close observation of its successes and fail
ures.
Its purchases are for investment Accord
nnl- nj lo@, De-
the principle Of investment we avoid the risk
attendant upon speculation. But in doing so
we by no means miss opportunities for large
gains. The prices Of stocks have their ebb and
docd tides. like the
We once bought loo shares OF Sugar ut 9Ssz
and saw it 60 down to s619. decline of 81, 225
But we held 1t and afterward sold at 49, a
gain Of S,2o. to say nothing of 81, 100 dividends
received in the meantime.
BY ignoring variations of eighths. quarters
halves and even whole points and entering the
field for long pulls. in other words. by invest
mert and not speculation. large sums are
made. For instance. we could name a man
who bought 100 shares of Chicago Gas in the
summer of 1893 for 81. 800. A year later he sold
it for $500. and in the meantime received 5000
In dividends. profit of 200.
We are at the very center of the financial in
terests of the country and able to execute our
orders, either to buy sell. within one min
ute of the time they are given.
We receive sums for investment from SO up
ward into the thousands.
Have you si02
We prefer, in the interest Of the investor, to
buy and sell not less than 100 shares of stock
We propose to group investors into syndicates
for the purchase of 100 shares or more of the
stock selected
1t will be at once apparent to those who are
familiar with such matters that this method
OF doing business has nothing in common with
methods pursued by concerns ordinarily
known as bucket shops"
The Investment association cannot guarantee
profit nor insure against q loss. It is not in
fallibe
The existing conditions Of the market are
such that very favorable opportunities for the
purchase OF stock are now presenting them
selves. We urge immediate action. Take your
money. or at least part OF it. from the bank
!, where you are receiving q merely nominal in.
terest. and let Us see how largely We can in
crease 1t.
This circular Is signed by Dr. Green
In personal letter to his friends the doc
tor says of The Assembly Herald, 1T
should be in every Presbyterian family"
In the same letter. he refers to his connec-
ton with the investment association and
the fact that its stocks sell at $40 per share
He refers also to the Venezuelan war scare
and that the association on Dec 2l, 1885,
through this scare earned dividend at
the market prices prevailing Jan 10. 1896,
of over 9 per cent on its capital stock Of
$50, 900. He states that two-thirds of the
shares of the association have been sold
and paid for. and that he has closed two
syndicates, the first netting a profit of I6 Z
per cent and the second SO per cent What
servant girl with $40 would not engage In
this busiressa The doctor notes thak five
syndicates remain Enclosed, which, IL
closed Jan IS, would have made profit
Of over so per cent.
When the Venezuelan scare was on, DR.
Green had a two column editorial in The
Assembly Herald on the question which
was decidedly warlike. 1t might have help
ed.thestock market and perhaps did not.
But with the investment association cir
culars DR. Green sends out a copy OF tho
religious journal with which he is connect
cd, q conglomcration of the missionary
news of the Presbyterian church and the
stock market that is amusing-to some.
It Is remembered that when DR.. Green
was president OF the Elmirs college a
young lady graduate was deprived Of all
her high class honors because during va
cation with the consent of her family she
attended the races at the Elmira Driving
park one afternoon in company with soms
Il hcr young friends.