The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1904-09-13

/ HAHAH#A HAAAAH#AH HNHAAHH AAAa 2 f. #HHA an
aud sent them "a naHton. philadels
! fhiu. Chicago. St Louis and Den
+ yer each was supplied with & a0a.
+ each opened by Yafufil.h directions.
an account With stock brokerage
aud banking house having private
wire eoneetlana with New York.
+ The five then traded IN conservative
railroad stocks on 10 per cent
/ margin. and In each Instance s. 800
eaah collateral wa up 10 SECURE
their apeeulaa8na. In order to I'M
f deratand a margin tfanaaetlou. it II
necessary that the reader should
/ understand iuat what n margin
Transaction H. II YOU huy a house
ind lot for TO GOO and mortgage It
for $4,000 Yau are buying on a mar
Eiu Of 20 per cent. represented BY
your 5000 equity II you buy 40
600 worth OF stock on a margin Of
20 per cent. or s. 900. your equity
beeomea your margin in the stock,
and your broker baFroWa the re
naming s. 600 to carry Il. OF. In
other Wurda It is mortEaEed To
thai amount
As YarHeila agents traded. they
made acquaintance and friends
Oue day when the melon Waa ripe
for cutting. each Of the agents re-
eeited a letter which read much in
this way
Cutting & Co.
Bankers aud Brokers.
200 Wall street
sNew York. April I. 1853.
NY Dear Hamilton I am glad
To hear that your health Is i'm
proving knew that the feat
would benefit You. When do you
expect to return You really should
be here - you are missing unuas
nal opportunities. We have never
had a better market In which 20
trade. met Gov Flower Al the
LAWYERS. club today aud he as
nurun ne that Brooklyn Rapid
Transit viii sell At tsa. but take
ny advice and keep out Of H. stick
70 more conservative securities. I
sdvlae yuu 20 baY II Paul. unian
/ Pacific common and Atehlnan pre-
ferreds you can give the 81 Paul
70 Yuur wife The Union Pacific
H~III Ray = dividend IN i months.
and che Af6hlauu referred vii Be
placed on a per cent haals IA The
same ums-
aAnd. By the wav yau remember
John AorasF Well. be Is the power
behind EIeetfie Al new but
sound curb security II yQn were
here I would certainly urge .an to
fAkn on zna Or see shares. aa pri=
snfe trials I have Witnessed demon
affate noueluaIxeIv the success Of
Al invention that all be Immensely
profitable
My regards - Your family uhen
yaa write 20 them. Nm Cutting
tells me that aha ALL meet Mr..
IIamlilou in Paris in February
very sincerely yours.
JOHN CUTTING s.
You're LUCKY 70 have such a
frlena. sAld ar IIamIlton's broker.
"a be rad the forged letter.
lilo y8u trade Ia IndaHtriaiaF
asked Hamilton abrutiy.
Sometimes on 3 % per cent
margin.
We'll. Il seema 10 me that after
that letter I ought 20 get = couple
Of hundred at least don't take
much stock In tips. hnt Cutting IL
une u my fathers oldest friends.
Ynn knuw wha Cutting iasa
sOf euurne one Of tho oldest
bankers in New York"
4
respondents. and see what they
think uf Electric Al The reply
waat
sElectrlc Az has been rapidly ad-
xaneiuK. u H. 30 bid. - asked.
Dausf know much about II Looks
ali right HUDSON 4 TAYLOR
Back clicked 4 hurry mp order.
Buy Electric Al At stts on a 20
per cent margin Tor one Of our cuaz
temeta He Is baying on tip from
John Cutting
STOUT q THOMAS
From New York vas returned
thia dietpateh
We have bought for your ae-
count and riak 300 Electric Al at
sI4s HUDSON a TAYLOR
The deal Was going through with
out friction Now its status Was,
Each u the five eoufederafea had
s. 800 up a. margin. making total
af 81 500. each Of the five bad per
aunaea hruk sfn - buy 20a shares of
+ Electric Az At 50 Their brokers
hal bought In thr open market 500
aharea Of AZ AZ $50 a share. or $40.
600 Ia the aggregate. Naruell had
a. 20 600 Of the brokers. money they
had ST 500 Of hla Yarnell'a gross
nrnflt hv the deal was So 500. The
very day the last lot Of stock Vas
delivered Yarnell teleKraphed n
Enipher message to his duumY apecu-
iatnrs. telling them to fiy In the
meantime he had disposed Of SO 600
~ worthless stock to country in
veators. and the great game was
over.
To fold 10 the Electric Al tent