The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1924-11-21
MINNESOTA POWER
& LIGHT CO. STOCK.
ANOTHER OPPORTUNITY TO IN.
VEST IN THIS HIGH
GRADE STOCK.

The Minnesota Power & Light
Company rs today announcing an
offering of a new issue of Preferred
Stock. Only a limited number OF
shares are being sold, and the price,
for the present, is $1,000 and dlvl-
dend for each $4,000 share. Al
this price the stock pays over 2 Id
per cent on the dollar. This Is the
second offering of Preferred Stock
to the public made by this Company
The Minnesota Power & Light Con-
pany is a Minnesota corporation I'M
der the direction and management
of Minnesota people, and the Com
pany believes that the money 1t pays
out every three months as Preferred
Stock dividends should go 20 the
residents of Minnesota. Under TINS
policy it first offered shares OF Pre-
ferred Stock TO its customers ard
other local people about a. year ago,
and the Company now has over 81
400 stockholders in this territory
who receive in dividends upwards OF
$4,000 per year on their invest
ment in Minnesota Power q Light
Company Preferred Stock.
1t is only in recent years that the
man or woman of small means has
had the same opportunity TO invest
money safely in the large, estao-
lished and well-known enterprises
that have always been possible to
the weather. investor. The Mime
sofa Power & Light Company Is
selling its Preferred Stock through
its employees, and shares can also
be bought at any of the Company
offices.
The banks and insurance COM
NAMES throughout the country have
long realized the safety of investing
in Power and Light Company secur-
tiles An average of $500 for
each depositor in all the banks IN
the United States is invested IN
companies of this type and the IN
surance companies have invested
over $500, 900, 100000 in the secur-
tiles of electric light and power
companies.
All the employees in this vicinity
are empowered TO sell stock and the
people of Ely can do both them
selves and the employees good turn
by ordering their stock through
them. H. c. Kliemie L. Fl. Ma
hood, Fred Moding, Robert Steele,
Guy Leland, VIM. Barrett and
Ernest G. Anderson will call on you
and supply your demands. The
First State and First National
Banks also will be pleased to do
business with you
Bond houses. trust companies
and banks all recommend the pur-
chase of public utilities stock. This
offering is of exceptional value as
the purchasers of the first issue of
a year ago can testify. The Min
nesota Power & Light Company,
does, directly or indirectly, the en-
tire commercial electric power and
light business in an extensive ter
ritory in Northern and Eastern Min,
nesota, including Ely, Duluth, CHS
holm, Eveleth, Cloquet, Little Falls,
Rrainerd and ninety-one other COM
munities, and in Superior, Wis.
The company operates generating
plants at Thompson and Fond du
Lac, and viii soon have the large
generating plant at Blanchard on
the Mississippi.sriver in operation,
besides the Ely plant on the
Kawishiwi river at Winton. This
latter plant is designed and partial
" built for a 10000 XIV. generating
capacity of which 1000 XIV. has
been completed and is in operation
The company has a capacity OF
15O.S90 XIV. and with the rights
owned can raise this to 1880 XIV