New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-27
The Strategic Use of Money.

bose who,are in the thinking period Of life and have
some money which they could lose without dis
tress may perhaps wisely that money In strategic
sno under the conditions herein stated While We can
rot esape the general that increased opportunity for
proa is generally accompanied by increased risk yet the
renewed growth or,the and the commercial ten
osnces Of the tmesiOccasionaly reduce that risk 70 mini
mum Their two-genera policies which should govern
tua,cous men in OF money on margin or rather
there are two ways Of viewing new coming values 4ere
ar. times when radical readJEstment Of values IL taAhs
place Such changes only when the country swings
nom depression prosperity There have been several
periods Of this recent years and the read
,,,a,s which followed have generally been pointed out
70 this column There IS 10 way 20 use money On d
- 80 ,sarlv sa.e-as the purchase OF securities on the
eve Of such reimbursement. At this particular 'u'O'
.u.vsr speculative investments be founded upon
,pecai developments connection with some important
,-rs-.v These developments are sometimes partially
a.oa bv change in relations OF one railroad sys
,-, 20 another as for example the recent change in
Southern Pacific. new value OF aGo'4on
8, established By the the property having been
~ improved by Of the stockholders Is ABOUT
. 80. . s,vtse-d period Before long. for example
-, . -ovs true Of Missouri Pacific. In some in
=. ~ extraordinary and continued increase in net
-. t,s,,aes improving dividends Union Pacific
- :, pa,I and Rock Island. for example. are
., Al better with their shareholders. In some cases
,a -a-,a-sabIe change OF value can be foreseen 0y
-.or,,v,,g ,r,porta1t facts connection with some
.a-., pv way Of illustration Of this fact we re
- ...sr,en, made by the editor OF this column many
,,s ago with reference Tennessee Coal q Iron STOCK
80, , aoc,,rnulaies in the storage yards and becomes
,,.uuo. 10 the holder time OF depression Ou'
- from, view and becomes buoyant in price IN
= =. .-,rs-,,v Except for The cost OF carriage no'h-
. 4, 49,, safe to hold than Pig iron The pufcnase OF
-.s.ss c,Dal and Iron stock will prove to De virtually
-..,.s q, pig iron There Is no cheaper sTp on me
,uo, q, prosperity than the purchase OF Tennessee
=, 8 ro, stock at this time" 1t was then ~ Inc
-. ,.,,s OF that stock that time has changed
,vsn more than Pig iron Itself
D. Handle will have remarkable outcome '"AN
- .sss Coal d Iron had Even II the s'ocHi0i''
,nnorary discouraged. IS as certain as any human
-. -a- n- that President Cassett and MS aSS''iA''S
or ns- or later do exactly with that properly AS ''e
,-s.r.,, nAople have done with Omaha "heh ''e"sO
49,, 80. standpoint Of the railway student ran Fa'1-'
a., ,s.,s, n-oue-.y than Omaha 1t has less
, fssys and 70 earnings and under the same e0nd''
nan .ho,, double the net results. But the MINORITY
pan Handle will have quick results AheS WIZ
-, src, rat,euce The writer has Just attended ~
a. ., -. minority stockholders in consultation w''h u
-, ,,,...-, attorneys II has been decided Wien
-, s,.,.s cour,s al Cincinnati come into session
= - ,.,, will be Immediately asked Tor wieH
will prevent the directors Of the r. - - 0 ~ "
trya coatinuance Of their fraudu'en' P''0'
.. 49,. oo-rnanv which elects them. instead Oh 'e -
,s,.-,. ~ .he stockholders Of their own p'p9'
49,. ,vu b. asked 10 determine whether '''
a.. 49, o. ba controlled by their articles Oh l00'''
49,. =, l.. ,-ososed 70 ask for specific enforcement u VAC
-, &, accorded in the articles OF inco'p'ra'iOH'
= a.. o-,,,o, Of the best lawyers and best oDS
= =. 18th unanimous voice that directors Vi '
-. ..,,o, y,e discretion except within 'he obi
-. s~t,clss OF Incorporation. II THIS n'uN'
-, 90 =, certainly will be- the minorl"
p,,,o-. will have instant recognition Oh u1e i'o'
.hsy own the most valuable railway -.
,o,,,-v has ever created The gross ear
,s,, may b. figured s2o."oOoo year
- ., ., Intervals when extraordinary
49,. 10, A,sv made that II can operate LOT VIC "
- .,z o, the earnings will give ue "-'1'''
..,...o,..-. ,ec, a year. LET the reader e''S''s'
...,.. -. psrnsvlvan,a will be in the eih"h'' '"s
- -. on, 1oqs per snnum and more H'
-, - -, he compelled 10 try and make s''"'
,,ob Will silence minority. unity 'ns
-, ,hsr, 70 Improve the properly N iNA-'-
49, - corr,s,s with Lake shore sad o'her "UAA
There are other favorable Developments 49,.
eaapo, max. public II CONNEXIONS " -
readers. guide they can depend upon II 'AA =.
-. N, ~. ,iace in connection win this P'''
a, -, .,.,.,. date which will arec; the aNo'-
a., tla degree