The Washington herald., 1912-05-11
Buying an Income Of
Fifty Dollars Z Monfh
loopgrlsht lals. b 3. y. q

VOop1ueht 3ll, bg 9. ~. keTA
About a year ago a small ecntraetoi
In Philadelphia was killed IN a street
accident and left TO his wife life insur.
anes policies worth $1,000. That and q
small house in a cheap suburb was the
whole estate. The policies were paid
very promptly ana the widow found
herself facing the job OF investing ths
money to bring her in returns upon which
10 live.
She consulted fve people. and four 9TH
ers wrote TO her Offering her various
securities for her money. She wondered
how they got her name. but one Of her
advisers told her that the news columns
Of the papers are watched and cuiled
over every day BY men who make q liv-
ing selling lists OF probabie investors.
She quickly decided not to grasp at any
Of the golden opportunities presented to
her n this way.
Two out OF the five she consulted, both
IN the banking business. warmly recom-
mended that she put the bulk Of her
money into some one particular security.
She thought well OF both, but went on
asking questions. Finally, at the sug-
gestion OF her bank. she went down per-
sonally and called on an old and con-
servative Philadelphia bond dealer. She
took a card OF introduction and talked
to the head OF the house
He found out the main features Of the
case and then asked some questions.
Was she taxed, or likely to be taxed
How much Income did she absolutely
have to have out Of the fund? Had she
ever owned stocks OF bonds before? Did
she know anything about business? Had
she any relative who could look out for
her business AFFAIRS for herr
Having received replies to all these an
swers. the dealer was prepared TO pre-
scribe.
what you want" he said. 'is a
sure and certain income Of $500 a year,
$50 a month. coming IN month by month.
II you get that you will not need to
keep a bank balance OF any considerable
size. Let US spend your capital on an
income Of fifty dollars a month";
She thought well OF that. and asked
him to make IL specific. What should
she buy. and how would Il pay an in
come month by month? He asked her
to come In In a day or so and promised
that In the meantime he would draw up
q suggested list OF securities to pay her
an income Of so a month, to be good
and safe and to be tax-free. although
she was not sure whether she would be
taxed or not.
When she came back, the dealer
AaAAnCd hCA a. AAGA- Ou AnG peRNI NGIG
the names OF six bonds. The one at
the head of the list was followed by
two letters, J. & ]. The next was
marked F. e. A.. the third NJ. & s..
the fourth A. & o., the NTH NJ. 4 N.
and the sixth J. & d. She asked what
II meant
Il advise you to buy 5000 Of each OF
these bonds" said the dealer. and they
will pay the income you want. They
are good solid 5 per cent bonds, tax-free
In this State. The FIRST one pays its
interest in January / and July 1; the
second February ] and August /; the
third March I and September /. and so
on. You will find that the income Is
exactly $50 each month. / suggest that
you tnke II home with you and study
It, shall furnish you with a descrip-
ton OF each bond named so that you
may study them separately. Also. we
shall be glad TO answer all the questions
that occur to you. You would not be
a good customer for this house unless
you were fully satisfied in your mind"
That investment was made about eight
months ago. II Is almost a model 5 per
cent investment for a Pennsylvania
buyer. It Is exactly what that particular
investor wanted: and the very security
and regularity of It is the best possible
safeguard for her funds against unwise
ventures in securities