Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1920-02-26

OF this form of finance.
But they have field so large in
their own community that they are
not forced to go outside, and 1t is
therefore up to other communities to
have their own organizations, or
massed capital available for this
building finance if they want to go
ahead and keep abreast of the times.
Chapter X.
In this state of ours we have q
number of sound solid cities They
have been growing in wealth and
prosperity. They are acquiring
great industries and are developing
as manufacturing communities
They are backed with solid accumu-
ulated wealth of several generations
but to great extent, they are un-
derbuilt. The business districts of
many of them are antiquated and
must be entirely rebuilt and all of
them are deficient in office build
ings, warehouses, apartment build
ings, hotels and other semi-public
structures.
1t is fortunate for this state that
since this condition has been recog-
nized in time by a group of men in
the city of Des Moines. These men
are practical men of affairs. They
have been engaged in building and
similar lines of activity, and their
own activity forced on them a recog-
milton of the existing conditions.
About year ago they began to
study this situation, and as the re-
suit of their study and investiga-
ton, the most purposeful company
ever formed in the state of Iowa has
been organized This company pur-
poses to assist in the upbuilding of
Iowa cities, and it is going to oper-
ate along identically the lines fol-
lowed by great and powerful COM
panies of Chicago, New York and
other cities. 1t is going to engage
in nothing experimental. 1t will
adopte no new plans, but will fol-
low those that have been tried and
proved successful. This company,
the Commonwealth Mortgage Bond
Company of Iowa, is going to loan
money on new, inside income pro-
ducing buildings in Des Moines, and
other cities in Iowa, and it is going
to sell the bonds 1t issues to the in
vesting public of Iowa.
Chapter XII.
In the foregoing chapters OF this
discussion on the investment OF
money, we have seen that when the
investor participates in a manufac-
turing or industrial proposition, that
he has to consider the hazards OF the
business as opposed to the induce
Iment of unusual profit which 1t Of
fers.
We see that the investor in bonds
secures almost entire safety without
worry or trouble to himself, and
rate of interest with which he is sat
isfied in consideration OF the secur-
ity and safety Of which he is assur-
ed.
We have found that investment in
financial institutions is practically
the safest investment known, and
that in addition to its safety, that
the profit that can be earned by
property conducted financial COM
panies is of most attractive char
acter
For the investor who is willing to
take minimum business hazard for
the sake Of the larger return posi-
BILE the shares in a financial COM
pany buying loans wholesale, and
distributing them retail, offer a
most attractive opportunity. This
investor has practically all the Sc
curity of the bond buyer, for the
capital of his company is invested
in bonds with the Difference that
through this participation as a
shareholder he buys bonds on whole
sale basis, and thus participates in
the profit derived from thir sale.
Few people realize just how profit
able this business is. The great
. - H.. 4 HI aafs .Nt.
is the ability energy and character
of the management. IL this is
shown to be above reproach, then
this kind is reduced to the vanishing
point, owing to the security and
safety of the business itself.
AS have shown, the country is so
greatly underbuilt at the present
that for years to come, the oppor-
tunity for profitable financing in
the building and development of our
cities is beyond the capital now
availableA
Chapter XII.
All my life have been interested
| in finance and financial organiza-
tion but never before have l turn
ed my interest to financial affairs in
ton. / have been professional
man, and have practiced my profess
sion successfully. Recently, my at
tention was attracted to the Com
monwealth Mortgage Bond Company
of Iowa by a close friend of mine
interested in the company. After
exhaustive investigation and sub
stantial investment on my own part,
I came to the conclusion that could
be of assistance in the organization
of this worthy enterprise particu-
larly after / had satisfied myself that
the men interested in II had mani
tested their own confidence by sub
stantial investments of their own
funds.
| am representing this company in
this part of the state, and have al
ready secured the cooperation OF
some of the best men in this vicinity
who have gone into Des Moines, in
vestigated the company, and the
men at the head of it, and have sat
isfied themselves in every particular
as to the legitimate purposes and
intentions Of the company, and its
managers.
l believe that the investors of
this community are looking for
sound investments, but that they
want to be shown, and am here for
that purpose.
To go into further detail regard
ing the operations and the opportun-
ity for profit would take too much
space and too much time and be-
sides, / am in position to explain it
all very much better in person than
in print, and l therefore ask and
suggest that you come and see me at