The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-04-22
TEACHES FINANCE BY MAIL.
NEWEST SCHEME TO BEAT THE
WALL STREET GAME.


\ slender man with pointed brown beard
who may be seen entering his boarding
house, at 81 South Maple avenue, about dusk
almost any evening. Otherwise the man
will teach the common people TO put Wall
Street out Of business
He Il none other than Charles Troengaard'
director Of the National Academy OF Ad-
Ininistration and Finance. He spends his
DAYS In Wall Street, closely observing the
Ruiles and craft that prevail there, and at
night he crosses the Hudson 70 map out
the curriculum Of the academy and, at last,
10 fall alseep, lullRbyed by the embattled
: and sympal hetic crickets.
Director Troengaard admits that the
academy IL young. He began to advertise
( 4 only a few days ago. The academy
: teaches finance by mail, just a. other cor
J respondenoe schools now teach shorthand,
! dTaWinR and gymnastics and just as they
eventually will teach pohtios and ION
To all who inquire for particulars about
the academy Mr.. Troengaard sends
Tor instruction in stock manipulation and
speculation System Stellage).' An APP
plicant must sign the following condilons'
hereby request you TO furnish me with
o complete instructions In speculation accord
ing to the Stcllage plan. ,-.,-.
IaUee not to allow any person 20 stuay TON
any Instruction papers or eNaninatio1, Guigji liz
OF this contract. and | agree 70 pay ior salu
course. instruction papers ana eNanHHHHUo41
questions the sum OF thirty doll}rs lt5Ol nl{ou
or check current at the Sew York Clearing
II Is mutually understood md agreed;
First That above price lncludes AZ az
and every charge for INSTRUCTION u9fn az w
master OF speculative science, PROVIDED
complete said course within one year from
tIon papers and examination questions within
the United States Including Porto RICO
minion Of Canada and the Republios Of
Mexico and Cuba, whereas am 20 bear az
postages If l receive my instruction OUTSIDE
the above named countries.
Secondhand the National, Academy Of
Administration and finance shall have the
should any breach OF same be made on my.
part. without being liable TO any refund OF
ThiTd-My course having been completed
agree TO return in good condition all instruc-
ton papers and organization qusstlonsi ct5-
mInistrItion and Finance in RdgeWood' New
Fo1rth-That all instruction papers and
examination questions are the incontesta BILE
property Of the National Academy OF Admins
tration and Finance and are only loaned 10
me during he life Of my course.
One man who wrote for further particu-
lars got letter from Director Iroengaard,
thus: 49,,
Eve teach the different ways in which
you can operate without running any un-
! due risk and by which your risk OF loss IA
absolutely limited 70 five points, while the
probability Of gain IL extended without any
/ limit. You are shown by the Stelage sys-
TEN how you can operate on both sides OF
the market at the same time. You are
bull and bear at the same time. foudo not
act until the market has moved, which
makes it possible for you 70 gain, no matter
which way the cat jumps
l.
\ lation In this country Is still very crude
affair It involves big risk, and generally
the SPECIALIZED Spectator loses his money
and the big fellow or the bucket shop
has Il. This deplorable cond ition Il en-
trely eliminated by the Stellage system,
which is now used on the leading bourses
Yin old, cultured Europe. IL compares
against the present Wall Street methods
as does the modern endowment OF tontine
policies against old time life insurance
Director Troengaard beamed through
his glasses when a Sun man interrupted
his dinner last night TO ask more about
the academy and the way Of becoming a
Master Of Speculative Science.
Il have hardly begun" he said. 'None
jof the books or examination papers has
as yet been prepared"
where Is the academyi'
1T is here"
sIn the boarding house,"
ooh, no. said the direct Il have
rented an Office near the Ridgewood post
Office"
Mr., Troengaard was asked whether he
would divulge such Information about the
plan as would not interfere with the gather
ing In of fees.
TT is merely the adaptation OF the stel-
lage system 10 financial speculation In this
country he replied. Il have studied IL
closely abroad
what is the stellage system?'
sWhat,' cried the director in the most
he-on-you tone, do you mean 70 say that
Americans are not familiar with Stellage1'
The querst admitted that he didn't
know, but forbore TO add that Webster's
Dictionary and the big encyclopedias
are equally ignorant.
"Well,' said the Academy director, COM
passionately, i don't know English well
enough to explain what the system really
is. might say that it Is something like
puts and calls, but il is as much finer as
q piano Is finer than that doorstep. II
has been used abroad for fifteen years.
II i Is a good thing why hasn't it been
That's what can't understand, said the
director. i guess it's because your people
here are not as thoroughly educated as
they are in the old country. You are bright
enough, but not deep"
How long does it take for one 10 become
. Master Of Speculative Scienoei"
That depends entirely on the pupil
said the director. If he cannot learn in
q year shall give him up in despair
1uA~hl9 NoNih a blAkhb RNph "
graduated?'
About six weeks
And then he is ready to plunge into Wall
Street, ,..-.
He can suit himself after have taught
him ell know
will you personally conduct him through
the mazes Of fnapce3'
"Only by mail said the director a bit
severely. I am not a broker. He will
have 20 make his Investments alone. The
pupil may never see me-
How much money would a graduate
needi'
Seventy dollars is the smallest amount
replied Mr.. Troengaard. He can in
crease the capital as much as he wishes
Mr. Troengaard was asked whether the
teaching Of speculation by mail was a
novelty.
1T ls, so far as l know he said. i
got the idea from an American correspond
enos school which teaches other things
] think there s a school Of speculation in
New England, but II does not teach by mail.
The director hadn't much 20 say about
the diploma or Certificate which every
worthy pupil is 20 have. That would come
later. Az yet the ofiice or, rather, the acad-
Omy, IA 10 be fitted up and the books and ex-
animation papers are 10 he prepared. Then
the rupila Tnnaf unatFiClllafa About III