Ottumwa semi-weekly courier. [volume] (Ottumwa, Iowa) 1899-1903, 1902-10-30
liable Firm.


farmer and his sons, and the bundle
OF sticks, was written long years be-
lore the modern development of the
power OF concerted action in CONNER
DIAL and industrial life was dreamed
of--long before the days of working
,aen's unions and combinations of cap
ital, as they exist today Try as they
would, the sturdy boys could not
break the bundle of sticks, collective
ly. Cut asunder it was an easy mat
Ter to break each stick singly. The
homely fable was simply prophetic of
up-to-date methods. 1t was a plain
and convincing demonstration of a
later maxim, tersely put: Gin Union
is Strength
1t is the application of this princi-
pie, supplemented by careful study
OF conditions, and what may be
termed really scientific methods, that
the secret of the success of the Cleage
Commission Co.. one OF the strongest
concerns Of it's kind in the country,
may be found. In these days it is a
pleasure to note an Institution, which
while basing its profits on speculation,
does so on strictly business principles
scientifically applied
The Cleage Commission Co. operates
III corn and Wheat as being the most
staple products, and in which it proba-
bly, trades, both in buying and selling,
to d larger extent than any house in
the world today.
The reason of its phenomenal sue
cess is not hard to discover. Let an
individual whether posted or not, go
into the market with $10o or 81 900
and speculate in wheat or corn, and
the chances are he will soon be
broke. But supposing he is one of
thousand who pool their joint capital
which is invested under the judicious
management of an experienced trader.
The combined capital, intelligently
handled, becomes factor in the mar
ket, and the breaking process is not
SO easy. Here is where the applica-
ton of the bundle of sticks comes in.
In marked contrast to the aforesaid
"Get-Rich-QuiclS concerns, the Cleage
Commission Co. does not promise eX-
travagant profits to nvestors-indeed
1t guarantees no profits whatever. 1t
is this very honesty that has given in.
yestors so much confidence in his
methods that hundreds OF them not
only have left their original invest
ments with the company, but their
accrued profits also.
Perhaps no word in the English Ian
guage is SO abused and misunderstood
as speculation" To some people it
stands as the synonym of gambling.
But moments thought, will convince
every intelligent reader that every
commercial enterprise is based on
Cnnn,lofinn 4
of four-next week the price goes
down; he is forced to sell at current
prices and loses money-if it advances
he reaps an increased profit The
clothier lays in a heavy stock of win
ter clothing-a mild winter comes
along and he is forced to dispose of
his stock at sacrifice A manufac-
turer makes a certain line of ladies'
cloahs and is heavily stocked-that
particular make goes out OF style and
he is the loser. Even in the most
staple articles, crop failures. strikes,
and Industrial conditions affect the
demand to such an extent that most
disastrous losses ensue. Speculation
enters into every detail of commercial
and industrial life. Even life and fire
insurance arc purely speculative on
the part of both insurer and insured.
Such being the case, why specula-
ton i'll grains should be denounced
passeth understanding Whether for
present or future delivery, such trad
ing is as legitimate as trading in any
other commodity. The Cleage Com
mission Go. invests the capital of its
patrons under the intelligent direction
OF MI. Cleage, who is recognized as
one OF the shrewdest traders in the
Misunderstanding or selling as condi-
tons justify. 1t has no less than SO
different brokers handling it's business
In the Chicago, ST. Louis. Milwaukee
and Minneapolis markets Its offices
in the Rialto building, st. Louis. alone
employ about twenty clerks and are
yeritable beehive of industry
The method pursued is the safest
imaginable, and is based on long ex-
perience. Surprising the company is
buying corn. The market opens at 81
cents Tor December. advances to 371s
then to 3TA. To buy all desired at
once would be to unduly initiate the
market, and 1t would be manifestly
impossible 10 buy for and report ey-
cry individual account The plan
therefore is TO buy for all to the best
advantage, and then average the price
oil the days trading.
But, not resting here, as manipula-
ton of the market might entail seri-
Gus losses, the company protects all
trades buy buying Puts and Calls,
against purchases or sales, so that
whatever shoot the market takes, the
possibilities of loss are reduced to a
minimum. The Put and Call buying
and selling is simply system of in
surance to protect the buyer and
seller.
1t has been stated that the compa.
ny does not guarantee profits 1t only
promises to invest all accounts to the
best advantage. But the fact rem aims
that since its organization, two and a
half years ago, it has paid handsome
dividends regularly, SO that many OF
its earliest patrons still have their
original investments standing, and
Z We drawn out in profits, two and
rec times the amount of their first
restment.
a gentleman from Troy, o.. who in,
y led in small way originally (s1Ot