We now offer to the public the best plan for a legitimate investment speculation. We have an authorized issue of $500,000 debenture bonds due and payable in three years, with interest at 5%, payable semi-annually, for the purpose of buying and selling stocks and securities as dealt in upon the stock exchanges of New York. _In consideration of one-half of the net profits accruing from these investments we guarantee the bonds and interest at the rate of 5%, and conduct, manage and direct the business._ We distribute the net proceeds on the first of every month, one-half to the bondholders and one-half to our company. These bonds are issued in sums of $25 and upwards, as purchasers may direct, and are transferable only upon the books of the company. _The first thing to be sought is absolute safety in investment._ Only sound, dividend paying securities will be bought and only at a bargain when it is known beyond question that the price is below their actual earning power. Having purchased and paid for the securities the bondholders become the owners of them, and they will be placed in our vaults until such time as they can be sold at a handsome profit. _No get-rich-quick methods will be used, and no speculation indulged in._ No large amount of money will ever be tied up in one stock. The operations will be spread over a large amount of ground, making small investments in proper securities, thus practically eliminating all risk of loss. It is more certain than life insurance business. The chances of loss will be considerably smaller than they would be in banking, manufacturing or mercantile enterprises. Purchases will commence when a stock is over-depressed and evidently selling below its real value. Purchases will continue so long as the price continues to go down. These stocks will then be held and we will have every advantage over the market, instead of the market having the slightest advantage over us, as it does over ninety-nine out of a hundred speculators. _When the speculator is forced to sell at a low price we begin to buy._ When he is forced to buy at a high price we will be ready to sell. We have the advantage over the market at every stage of the game. The market cannot force us to do anything because we are in a position to do precisely as we please. _This business is strictly cash, buying for cash and selling for cash, trading in securities of strong, dividend paying corporations and going steadily forward every business day in the year._ No credit will be extended or asked. There will be no bad debts. No money has to be expended for plant, equipment or other costly things which figure in ordinary lines of business. _Every cent of money will keep working all the time, and such of it as is not invested will be drawing interest in a Trust Company._ There will be absolutely nothing to worry about. When we want to buy other people are unloading. They have been frozen out and have to sell.