Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-10-19
S1OO BONDS BECOME
YERYPOPULAR WITH
THESMALLINVESTOR
These Securities Make Pos
sible Safe Entrance of Man
of Limited Means Into In
vestment Field.

Until recently the only opportunity
ror the man of limited means to invest
MS money was In ventures Of question
able nature, such as wildcat mining
schemes. The amount "sunk' annually
In these ventures in prosperous periods
totaled an enormous sum.
Willingness Of the man Of limited
means to invest, IL the proposttlon pos
sessed merit, or even If 1t did not, sug-
gested new field OF endeavor to hnan-
cial interests of the county, which they
have developed with great zeal. AS a
result there are any number Of standard
bonds issued In 800 denominations held
by small investors throughout the coun-
try.
This movement has benefited the cor
porations In many ways. instead of
their securities being held In large units,
centraliSlng the control, II spreads the
ownership and makes for a more stable
condition during periods of depression.
The company which has lis securities is
sued In this form does not find large
plocks onered for sale, thus disturbing
tho nnalcial equilibrium of the other Sc
curity holders
EMPLOYER AND EMPLoYE.
The fact that there has not been n
strike OF large proportions throughout
the country during the present year is
largely because present-day employees
have opportunity to invest their savings
In the corporations with which they are
connected, thus making a common bond
OF interest between employer and en-
ploye.
or course, It has always been possible
for the man OF ordinary means to buy
the shares OF the railroads and indus
trials, but this did not convey, to his way
OF hguring, any actual ownership In the
company. They were bought merely in
view of rise and sold quickly when II
arrived, and with 1t interest in the COM
pany ceased. With the purchase OF a
bond. however, the investor Immediately
experienced part ownership in the. COM
pany and permanent interest in its
affairs.
The small investor has received n thor
ough education in the use OF funds in the
past decade. He realizes that when he
put his money In the saving fund and
received interest on It at the rate OF 3.65
per cent. per annum this same money
was often invested at 4 and per cent,
ana In some cases as high as per cent
in bonds which he could not purchase
because they came In units OF $1,000.
GETS LARGER INTEREST.
with the advent OF the 500 bond the
same opportunity is presented to him as
TO the institution, and he Is enabled to
make the difference which hitherto was
gained by his bank. A favorite form OF
institutional investments has been mu-
nicipal Issues Even these are now is
sued in small pieces, and at the most
recent sale OF bonds by the city OF Phila-
delphia the man with 800 was given an
equal, II not a greater, chance than the
larger buyers.
The interest In baby bonds" as the
500 units are termed, has also been of
decided advantage to investors, as well
as to the corporations OF the country.
1t creates desire for a competence
which money lying idle In the bank
would fall to stimulate, and the arrange
ment by which they can be bought ON
the instalment plan opens up an oppor-
tunlty to invest money advantageously,
which promotes and develops the saving
instinct
With the small bond daily increasing
In favor and the scope of its influence
broadening, class lines are fast becoming
obliterated. with the workman rapidly
entering the capitalist class.
With the rich and poor alike interestsd
In the material progress OF the country
and with each feeling the responsibility.
perhaps this Is more satisfactory solu- |
tion of the matter than the haEy dreams |
OF the saVants' BROKER.