The Montgomery advertiser., 1907-07-28

within the last year. and others arc bound to follow"
 Tell me about your methods" said My work is done in this manner.
 A representative of a corporation ap- piles to me to sell It's securities As
 financial agent want to know all
 about the people--about the company what 1t has. Possibly I find flaws
 in the organization, and insist on hav-
 ing the charter amended. They may
 have a preferred stock which Is not cumulative; or possibly this preferred
 stock does not permit the holder to
 vote at annual meetings. I insist that
 the charter be amended SO that this
 holder of preferred stock may vote. If
 1t Is non-cumulative. l must have 1t
 changed"
 "'Non- -cumulative' means that, if a
 dividend be passed one year because of poor returns. and the following year "a good year-the company earns 12 per cent. or IA per cent. they do not
 have to make good the passed divf- dend, but can distribute 1t to the com
 mon stockholders. Cumulative means that all passed dividends must be made good. as soon as the earnings permit ." Scores Turned Down to One Accepted. Another thing: I insist upon being
 represented upon the boards of all cor
 
 agent must know what Is going on.
 The books must be open to me. I must
 be consulted about the policy of the
 company Tn that way as financial
 agent make 1t my business to see that the investor Is protected. My
 motto and slogan is and always has been "A Square Deal for All Invest ors."
 From what you say. I should fancy you turced down deal of business
 during the year"
 T turn down one hundred fold what accept. I must feel absolutely sure
 of both the property and the company.
 My word and my reputation are bound
 up in every share of stock that I sell. and I take no risks"
 In this connection. let me step aside l to say that. while at dinner in the
 Touraine with a lawyer of high posi- ton and Beacon Hill ancestry, l quoted tho above.
 Its the precise truth" said he, "and the system pays. I should say. There has not been an offering in any of the
 Boston papers-there being as many
 as eight pages some days--in the past
 two years, which was not first present. ed to c. F. King. I do not believe there have been as many as three com panies advertised in Boston, which did not first try to prevail upon him to
 
 urably true in New York. although
 not on as large a scale. because he has not been as active there as here. Let me tell you my experience. Ger tain parties came here from Canada
 with a very strong proposition. and consulted with some of their friends | in regard to putting out some gold min ing stock. It was good stock, too They were told that if there was one
 man fin Boston who could sell the stock
 1t was c. F. King. These people had previously interviewed the gentleman | in charge of Mir. Kings Investigation | Department. and he had turned the
 proposition down.
 Cannot Re Bribed To Lend Ills Name They learned that I was friendly with c. F. King. and offered me a fee
 of $5.000 if I would prevail upon him to offer their stock from his office. told MT. King the story-told him of the 5000 fee-and urged him to look
 into the character of the stock. and become financial agent of the company If he could consistently do so. Mir. King was kind, but firm. He said he thought the stock all right but that he
 would not take up a gold mining prop
 osition on general principles. In short persuade as l might. he would not con
 slider It."
 "Yes. indeed" continued my law friend with sigh, as he reflected upon those five thousand dollars he didn't get, e. F. King is rock founded when
 1t comes to the principles upon which he conducts his business. Nothing can
 move him. People have offered him ten thousand dollars a year. to become
 an officer of their corporation and lend | them his name. even if he would not handle their securities: and he refused
 It takes resolution to do this. Had he | hundreds of glittering propositions presented to him by different corpora | tions during the past year. and offered | their securities on the liberal terms proposed. IL would have given him a | profit. over and above the regular | earnings of his office, much in excess | of half million dollars. because many | of these propositions would have looked | exceedingly good to the average In | vestor, and did look good when pre- | sented by other houses The sequel | however. showed that Mr' King was | right Some of these companies are 1 CTS will surely followed soon or late" The stubborn conservatism of C. F
 King appeared to weigh sorrowfullN upon my dining friend of the law. Fol | myself I applauded 1t as a sign tha'
 was good
 Why Speculation Is Good To Let Alone Let me return to c. r. King. whom
 l deserted for the law gentleman above quoted. In discussing stock spee1la