The Washington herald., 1920-07-30
BETTER THAN $3.50

All of the unsold common stock of the S15,-
100000 company have been telling you about in
this newspaper, could have been sold to firm
whose business it is to buy outright the stock issue
of legitimate enterprises and resell it at profit,
which, of course, is perfectly legitimate according
to recognized financial practice.
But the President and General Manager, whose
Judgment is generally sustained by his associate
officers and the Board of Directors, took the posi-
ton that he would not consent to the sale of the
common stock to you, the people, at price which
would compel him and his associates to operate
the business a capitalization of perhaps $780,
100000 instead of s15,0O00OO.
He and his associates feel sure that they can
manage the business on s15,OOO,OOO capitaliza-
ton and earn very satisfactory return for them
selves and all other stockholders.
They also feel that if the enterprise should de-
velop to the point where it will yield good return
on S3O,OO00OO, or $40,0OO0O0, $5O,OOOOOO,
even s10OOOOOOO, all stockholders, starting to-
gether on the same basis and having confidence
in the future of the enterprise, should be permit
ted to reap all the rewards of very big success.
YOU the people, certainly appreciate the spirit
of fairness and justice which dominates the
who conceived this great s15, 5000 enterprise.
You must feel of qualification that men,
whose combined investment represents only 40
per cent of the total, insist all stockholders,
who come into the enterprise with them, sharing
on an equal basis with themselves-also that your
combined holdings (6O per cent? will actually rep
resent control of the company.
Now, the President and General Manager, whose
pledges involve 100000 investment and all of
his associate stockholders, whose combined in
vestrnent represents S., 100000 more-a total of
$4,000 certainly demonstrate that they have
no fear of entering into partnership with you, the
people, and letting you have, all told 100000 of
stock
is not often that you, the people, given
opportunity to own a business by your combined
holdings
1t is not often that group of men get together
and combine their money, experience and admit
ted knowledge of great business, for the purpose
of first giving an enterprise strong foothold be-
fore inviting you, the people, to come in with them
and help with your money to develop vast acre
age considered by the best experts to offer
limited production of product for which there
is world demand
1t would be foolish to try to predict the future
of this enterprise. But based on abundant proof
of immediate results, there is every reason to be-
ieye that every investor will reap rich harvest
The last letter of this series will appear in this
newspaper on Sunday, August 1, and in it you will
be given the name of the company, its list Of of
fcers and directors, its possessions, its prospects,
its financial standng-a clean-cut, straight from
the shoulder presentation of the facts which
ought to impress you and induce you to invest all
you can afford in this enterprise
In the meantime, if you would like the true life
story of the President and General Manager, will
mail you copy if you will send to me your name
and address, care E. T. Howard Company, Inc,
III West 46th Street, New York City.
Sincerely yours
.-.., WILLIAM C. FREEMAN
New York, July 20, 1920.