New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-01-11
Banking and Financial.
A RETROSPECT.
Nesc Years Letter of a Prominent
Boston Financial Il cent.

Boston Financial Il cent.
c. F. King, the financial agent of Boston. has
issued a special New Years letter, in which he
says:
The year of 1905 closes the most eventful year
that has ever passed into the history of
kinda year that has been filled to the last min
ute with and rumors of wars; with general
prosperity and individual success and failure:
with moving life on land ana sea; with more
bright sunshine than dark clouds; with more of
gladness than of sadness.
1t is a period OF retrospection, and 1t is with
pride that I note all the achievements of hui
mainly for the passing year-all that has been
accomplished for the uplifting of the race-for
the betterment of every individual man, woman
and child in the world-for the purifying fires of
politics and fnance-for every step that has been
made toward the millennium of universal pros
perity, liberty and justice
And it is with pride-unseIfish pride, I hope
that point to the achievements in my own bust
ness for the period whose close is marked by the
dying year
My business has prospered-fourished-eX
panded-beyond all my expectations. and look
ing to-day adown the travelled road / attribute
my success to the fact that have labored hard
and well-strong and right From modest be-
ginning few years ago a financial agent.
buying and selling corporation securities of real
value and giving TO investors honest and sincere
advice for their guidance and good, my business
has grown into millions of volume 1t has over
spread the map of w-England, Wldened out
from gulf to lakes. and swept on unto and be-
yond the Golden Gate. Even to-day as L write
there is before upon my desk, among the
written requests for kings Financial Bulletin
bearing postmark johannesburg, South
Africa the other bearing postmark Cairo, Egypt.
Upon the books Of my office enrolled the
names Of investors from every State and Terri
tory Of our great and growing country from the
Republic of Mexico. from the Dominion of Can
ada and points beyond the seas. Indeed, L
doubt if the ever sets upon all the people
who now look 10 me for financial and INVESTMENT
counsel
An inspiring prospect it is that unrolls before
as stand with foot unified at the ttlresnoI9
of the year, For indeed have "builded
better than knew"
In my line make rightful claim to the
title of pioneer Mine has been the voice OF
one crying in the wilderness. I had path TO
blaze along in which those who follow me may
walk unafraid to safety and success
In the beginning I dug deep till l struck
broad foundation of rock ere commenced to
build and 1 have buded stone at time:
Stone upon stone have laid, boning with steel
and buttressng with iron as the superstructure
reared its head. The work is not yet done. Line
must be laid upon line and precept upon precept
When the building is completed there VIII ne
new sky line the horizon. 1t will mean hlgher
rates of interest for the peoples money It VIII
usher in better and surer dividends to all m
yestors in corporation securities
When I established my business enlisted IN
the cause of the square deal" made up my
mind that I would cast my lot fully and com
pIetely with the people-that | would trust the
people-that l would defend their best interests
the interests of the plain people of this eouh.
try the bone and the sinew of our land-the
men and women whose invested savings make
possible all of it's development and all our BOAST
ed institutions. I made up my nina would
stand with them not charlatan but as
mana man through whose veins their biood
fows-as who has lived and struggled as
they have lived and struggled. could nave
reached no other decision and remained true 10
myself and as 1 decided my policy decided also
that in carrying out such policy mgnt , moI
be able to command Succession 1t is not given
to mortals to do that-but that would do more
than that and deserve success.
And while seeking for myself all the material
rewards that should come my just deserts
and as the equitable results of my efforts, sald
10 myself NV business shall be dedicated to the
4 Tam
that rises above all other considerations lhat
my business has been a moral force-thar II
has rendered public serylce.thaI us f
for good goes to hundreds of thousands OF Oh
fees mills factories and homes that stretch
continuous as the Milky Way beyond even the
confines of our continent.
have helped on the more general distribution
of wealth among the people. l have done this
bv supplying thousands Of investors with Sc
cllrities every one of which represents to-day
much greater value than they did in the begin
ming of the dying year. / have added
millions of dollars to the wealth of the people
by inducing them to break away from the driv-
cling nonsense that in a country like this has
caused them to hide their talent in napkin
and to believe that they must forever eschew
and avoid direct investments in the active
wealth production of this opuent nation and fly
for safety to the barren = by per cent ravens
offered them by grasping, grudglng banks ana
trust companies.
7 have saved to Investors millions of dollars
by warning them away from frenzied and GRIM
inal f1nance-frOm the mad gambling Of an
insane stock market-from apitalized
schemes TO ROD Ineln OF JnSu IIlOIley-IIOll
watered stocks and wildcat investments offered
by constituencies promoters and baited by de-
generate ScoundrelS.
have discussed these matters so vital to the
welfare of the American people-wthout fear,
without favor. without affection, without ex-
tenuation and without malice. I have hit from
the shoulder. but always above the belt. have
had no friends 10 reward favorites to play,
no enemies to punish. I have sought to speak
plainly and 10 speak truthfuly to avoid tech
nique and ambiguity and to reach the popular
understanding al all times by calling spade
spade
And to-day, as the year is dying. dying, l re-
joice with fun sense OF the responsibility that
has come to me-rejoice that mid the wreck
of banks and the crash of markets, mid the
tempest of speculation and the telescoping Of
gambling operators, who overplayed their game
of public plumber that my business sits
scathed by fire-undisturbed by f1ood-secure,
firm and in public confidence and
stronger than ever for the fight of the future.