The New York herald., 1921-02-03
He Ventured Into Wall
Street for the First Time


Street for the First Time
A few days ago a young man
who has lived in New York City all
his life called at the offices of Henry
l.. Doherty & Company, 60 Wall
Street, to see G. c. Brown, who
had written him a letter in re-
sponse to an inquiry he had made.
Mr.. Browr, an experienced man
in the Doherty organization, was
placed some weeks ago in charge
of special correspondence depart
ment, which was established to an
swer promptly the latters received
from men and women who show a
desire to invest the proceeds of their
Thrift in safe securities.
The young man told Mr.. Brown
that the receipt OF his letter had
given him the courage to venture
into Wall Street for the first time
in his life-WITH REAL MONEY
IN HIS POCKET TO INVEST IN
ANY SECURITY MR.. BROWN
WOULD RECOMMEND TO HIM!
Il do not know anything about
investing" the young man said,
but, somehow, Mr.. Brown, / feel
that you will start me going in the
right direction. The Thrift and
Investment letters / have read in
the newspapers have given me con-
fidence in the house of Henry l..
Doherty & Company, so here is
$3.50. What can l get in the way
OF safe securities for so small sum
OF money!"
"A small sum Of money" ex-
claimed Mr.. Brown. "Why, my
young friend, $3.50 is a lot Of
money. You have in this roll the
basis for a comfortable fortune, if
you will not touch principal and
will reinvest the interest you
receive with the other dollars that
l am sure you intend to accumulate,
because when young man once
acquires the Thrift habit he generally
sticks to it.
Nov, my young friend, I recon-
mend that you buy $1,000 bond
which can be secured now for $S5C
the present market price. This
bond is worth par and pays z per
cent. interest on $1,000-pays it
monthly, too. This interest of $40
during the year means that you are
really getting about 81 per cent. on
yout investment Of $780,"
The young man said, "All right,
! will take the bond"
Interest Re-invested and Added to
by Other Sums of Money
Laid By Counts Up.
Mr.. Brown, who is good sales
man as we'll as an intelligent adviser,
continued his talk with this young
man, saying:
"The bond have just sold you is
issued in denominations of $40, or
multiples of $40. This means that
you can buy any time $40 or $40
or $40 or $40 or $50 bond, but interest
on bonds of a denomination less than
500 is paid yearly. not monthly. l
have no doubt you are laying by some
money every week or every month,
amounting probably to 5000 in six
months time. With this 5000 you
VIII be able to buy two 500 bonds.
earning the same rate of interest G.
per cent? as your $1,000 bond.
IT suggest, while you are young.
that you do not use the interest on
your Investments, except to buy moro
securities with it You have no idea
how quickly money accumulates if
one watches his 'ps and qs.
The Amount of Money This Young
Man May Have at the End
of Ten Years.
When I want to give you prac-
tical illustration of Thrift, ~
ways consult the Statistical De-
partment of Henry L. Doherty &
Company. / ask the boys in this
department how much money our
young friend would have at the end
of FOR, veara II he allou,ad y,r;r c;,,,l