The Washington times., 1911-09-17
cted on Wall Street and In the Mas of the Wond-Run1q

/ 0y \. n
The plan of financing building op-
erations by bond issue has come to be
| quite popular all over the country. 1t
has Just been introduced in Washing
ton, the Riggs Realty Company being
about the first to undertake the fota-
ton of bonds here, S1,000,000 IS be-
ing issued to erect the new office and
theater building on the old site of the
Riggs House. These bonds were un-
derwritten by four trust companies
and one national bank, and have been
listed on the local Exchange and are
| quoted above 102.
/ on the south side of II street, Just
west of Fifteenth, has been financed
| with a bond issue.
It Is the habit to secure these bonds
| with first mortgage or trust deed COW
ering the property, the bonds having
the usual coupons, containing date Of
payment and place for payment, after
the manner of railroad and other cor
poration bonds.
1t is much easier to sell a bond of
this character than 1t is an ordinary
real estate note. however well secur-
ed. The investor Is presented with the
opportunity Of buying a bond-it
looks like a bond, 10 q bond, contains
coupons collectabIe on maturity for
the interest, IL but a fraction of the
total issue. may be bought and sold
without recording, etc.-in a word, has
all the privileges that go with an or
dinary bond Issue.
said a bank president, in Offering a
block Of these bonds to a brokerage
house, ''as they give the impression OF
solidity. of ease IN handling. and offer
the advantage of quick transfer. In
the case of high grade bonds of this
character they are on par with other
coed securities, and loans can De made
on them in a few minutes. They seem
to appeal to investors"
And why not bonds on high grade
business property? II a steamship COM
parry can bond its floating property,
why not real estate and steel con-
structioa building that remains perma-
nently fixed?
II you have the proposition, Il you
have enough cash to start 1t on a fair
basis ard do not want too large q loan,
the bond issue ought to appeal to you.
Some excellent bargains are offered TO
men with money in the stock market
these days. Most Of the women with
money tempted fate two to six months
ago.
The STANDARD Oil octopus has been |
dissolved. The new Standard Oil Com !
pany still controls thirty companies, |
operating chiefly outside Of the United |
si6iaries that have been cast loose, at |
the demands Of tha court, but no one |
doubts that the Standard OIL Company
see to 1t that as few mistakes us posi- |
BILE are made. Work that was attended |
TO by one force Of sales agents. book
keepers. etc, will now fall Under the |
the Standard Oil Company cannot use
its agents to sell competing company's
oil
The trust prosecution has cost mil
lions of money. directly and indirectly-I
ard the end is not yet. AS one author
ity wisely suggests, unless the loss of
income to Standard Oil people is IL
source OF satisfaction to the public, 1t Is
hard to see where the public has gained
Perhaps when oil goes up q little the
satisfaction will be lesseneJ Trusts
ought to be regulated. they ought to be
held in leash with strict regulations, but |
IT Is questionable II the nation will be
better off with concentrated capital
Down South the other day the cotton
growers of a State gatFe. ed together,
aided by United States lawmakers, and |
decided to hold cotton rom the market
until the price nal reached 10 cents a
pcUL' Seuce for the goose oIyht :ol
be sauce for the gander
Out West the other day n large con-
of railroad employees considered
the question Of striking unless their
wages were increased
Both these matters would seem to
be in line to restrain trade This is
the view taken by many local people,