The Birmingham age-herald., 1924-02-24
THE PARTIAL . PAYMENT PLAN
 RYI H. MIIchElL

In recent years many prominent in- vestment houses have. made the pur- chase of bonds easier for men and women of moderate means by use of l the partial payment plan. This is simply the old instalment plan idea which is used in so many kinds of business. In its adoption to invest ment banking, however, the plan has been worked out to a high degree of perfection, both from the standpoint of the seller, and the purchaser of bonds. The partial payment plan of invest ing Is simple. x
 First. you select the bond that meets your requirements for safety and ifl- come, and any other individual con ditions for your particular purpose. Second, you enter into a contract with your investment banker outlining the terms of purchase and payment. Third, you make regular payments at set intervals, either by mail or in person, to apply-,on the purchase of the bond. Fourth, $Su are credited with interest at the bond rate son; each payment until you havef accumulated the price of the bond. d Ffftk on com pletion of payment, the bond is deliver ed to you and the transaction is scom- pIete.
 = The partial payment plan is dis tinctly different from buying stocks on margin, which is a highly dangerous practice. In the case of a margin pur- chase, the buyer never intends to com plete the payment but simply puts up certain percentage of the purchas SC price and then sells out at a profit or loss, as the case may be. Under the partial payment plan, on the other hand, definite payments are made un- til the entire purchase price is paid up. Furthermore, the bonds are actually bought for delivery to the customer and held in the vaults of the investment house during the period of payment.
 It is customary for an investors first payment, under the partial pay ment plan, to be for one-tenth of the purchase price and for succeeding pay ments to be fin the amount of one tenth each month. He can pay. as much more as he chooses, however, and by so doing will own the bond that much sooner.
 making payment, he can have returned to him all money paid in, plus interest on his payments at a rate equal to that paid by local savings banks.
 The partial payment plan is one of the best known methods of helping one to improve his financial position in, spite of any natural tendencies he
 
 iessiy. The definite plan and the pay ment at stated intervals hold him to his purpose but do not bind him so that he will lose anything in case he were unavoidably prevented from meeting the payments as planned.
 The fact that his money draws in- terest at the rate of yield of the bond; usually from five per cent to seven per cent, is also a big advantage in the investors favor. Each dollar be- gins to draw interest from the day he pays it on his bond. In this way his money can be invested at a good rate of interest at any time and the interest payments from the investment house will help him materially in pay ing for the bond.
 It can readily be seen how this plan will work out if applied per 5manently. A man or woman can start with a $10 payment on a $100 bond and reinvest his or her bond interest along with the regular pay ments, thus obtaining compound in terest on all money invested. The longer he continues this plan of saving, the faster his estate grows, because interest on interest Cor compound i'm teresD Sis gaining momentum all the time. 8The powers of compound in terest 5yafe literally astounding when shown in cold type. Il has been fig ured ouGf for instance, that any sum of money" invested at seven per cent compound interest will double in the short space of ten years. It is this strong factor which the purchaser of bonds on the partial payment plan puts to work in his favor by this method of investing.
 Any good bond which the investor may choose can be purchased as readily on the partial payment plan Qz in-1t gVyN- new investor also has at his disposal the expert advIce of competent in- vestment bankers everywhere who will be glad to advise him or to suggest safe bonds for his investment. He has all the. facilities of the large in- vestor for satisfactory investment of his money, and can avail himself of desires to begin the purchase of bond.
 FINDS KIN AFTER 22 YEARS
 After searching more than twenty two years for his elatives, whom he left in Russia as poor boy bound for Amer ica, Louis Goldberg, now a successful western business man, was reunited with his mother and four brothers and sisters at their home in Philadelphia a few days ago, says the Philadelphia Public Ledger. .'a.,.
 Goldberg explained that his long search had. been partly due to the fact that >he had adopted the name Goldberg when he came to this country. although his real name is Olendorf, In his search he enlisted the aid of Secretary of State Hughes and once made trip abroad iii hope of reaching Kiev, near which town he was born forty-two years ago. Goldberg is buyer for an Omaha firm ' count of the illness of her father, John Queen, who is confined to the Bgs-