The Forrest City times., 1905-11-17
DEALING IN MES.
yEKaryG THEM IS A BUSINESS
 IN WALL STREET.
LixIx ef Investors Become Valuable Assets and Are Carefully GuSrdti by Their
 Owners

Thf holder of two shares of the stock nf "a yell known corporation succeeded s tfs days ago in obtaining q writ of NssnCzuaus giving him the right to in spr49 the eompany's books for the pur- ,srs uG taking d list of the stock khOlders. AII1arse corporations make il point tO Htlsse AL application for this privilege. owing io the experience that in ma ior- 1ts m instances it is likely 10 be abused.
 .fkt business of merchandising in y1snzs plays an important part in tLe machinery of Wall street. There is al- styx ready market for a list of good naulss The value of d list is deter ufiusa uot only by it's length. but by va rsrtgs qualities adapting il to the uses for which il h offered An exclusive list s much more valuable. states the New Sork Times than one which is iI gen Frzi circulation \ list that would be salE@hie to a speculative house might be af lttle or no value To a house desir- zFtS e. enlarge its audience among in- yestorS 4 strong list of investors NsbAhEE ts a 4it'A V iNatt iidtl dIi eAa1gaz.sr could believe There are only a S<ss such lists on the market. and they Is,uin p0t be bought. or even seen except ie prospective purchasers of the high sst integrity and reputation They are sess in safety deposit vaults. and are teak'ssgy guarded. A new banking huuss. ea beginning business would have 10 1sr1sare list to start with Tn the suuy,-e oi few years business II would aesst&p list of it's own. and have then SI exclusive asset
 The market for investors names is ssmswaat limited. The merchandising k atisfis in speculative names. and for assfsb lists there is always an active mar 1u. Lists of doubtful value are being sexstsntly hawked through Wall street. anf aniess the buyer is wide awake he ss httly 10 buy lot of stale names SAsh have been worked over and over anf are unprod fresb and un- stuked list of speculative names is Masrshins that does no, need 10 be Axxssd. The vendor does not have to fo far with his goods if he offers the list H taa right way
 sE foes not necessarily detract from stsf value eG list of speculative names fttze as. persons on il have been unfor- 1fssrsne in their speculations. After the GiIi2pse ot one of the most notorious EsSSGies that was ever perpetrated in 1all street shrewd dealer in names Efa<ss1 few advertisements calling Izsxsr those who had Eeen swindled to se1nd him their names and addresses. 1sss impression he cons eyed Nas that xtsPs would be taken to recover some lf Ihe money that had been lost All Ttlag Ehe advertiser wanted was inc zalns.s- He got thousands Of replies. snau which he made up list of names %tfsch he sold at once in Wall street for A.ssss Then he went to Chicago and asnd tue same list there for like sum. He s0id 1t once or twice more and net aa2 about Sl5000 on the venture The ib1yxrs of this list were under no illu- xaDps concerning it's origin. The value ~x ihe list To them lay in the fact that N Bat them in touch with thousands of shs Eeest eredulous persons in the eoun- trs-
 fr"moters Of mining stock schemes xno bucket shop operators are large nfSsis Of new names The failure of 4 ssS tHket shop invariably leaves in shf hands of some employe a list of names on which he is able 10 realize a srs thousand dollars very quickly ffss have been some lists in eireula- issn among promoters so complete as 1, zhoa opposite each name the yarious Kste2fes in which the prospective dupe nsaa already lost money. the particular skfrHh of speculation that had always an stsssso fo him the probable extent 10 ssset ns could be interested in a new 'r+s ,sloe, otherwise his resources and sGf'er details bearing upon his cred
 1fsy
 S1meb ody owning one or two shares of xsSsck h constantly trying to gain access 10 as'+ t'1nsfer books of large corpora 3ifcas far the purpose of getting names. n She privilege were indiscrimiDateIv crSftsd the compiling of such lists *fs2o Secome regular business with
 ssst.srs a3 names Lalse eorporations ssss xser they owe it to their stockhold- ssz7 Go protect them from the endless so-
 srsA6nso that would follow the placing az 'dAeTf names. in the hands of Wall sssfses promoters and swindlers. A list W zhe United States Steel corporation s is&<Sf oidefs would be a pretty prize hf dealer In names. and if the hsIder Izsp shares of United States Steel com. asxEa could establish legal right to copv ifas sfsI fIom the transfer books he would ziIofs enough pay s75 for the necessary Sxaa and clerical fees for the tran 'sa11Galan. In opposing those who would ID xins way possess themselves of yalu- saaas fists of names the corporations ex- yus themselves To the suspicion that i1sy are trying to hide something sheress, in most cases. il is only because skes Eisirust the motive behind the an- si2afson that they seek to withhold the srfs.ilese
 Reason Enough.