Suppose the worst kind of a panic comes, the worst possible period of financial depression; suppose, we have stocks on hand which are going lower and lower; suppose, we buy until our buying capacity is exhausted, and still stocks go down and down; in what way can we be injured? We do not owe anybody anything, and whatever money we have made is in the pockets of our bondholders. Nobody has extended any credit to us, and nobody can hold a club over us. We have no running expenses that amount to anything--no big rents to pay, no insurance, or anything else of that sort. There is no pay-roll to meet, no big stocks of goods to worry about--simply nothing that can squeeze us a penny's worth. All that we have to do is to wait, and waiting under these conditions is the easiest thing in the world. _The stocks we own are all those in corporations, concerning whose solidity and assets there cannot be the slightest shade of doubt._ These stocks all have a certain value, as shown by the earning power of the corporations behind them. Sooner or later, they have simply got to go back to their normal, actual, tangible value. So we simply wait until they go back there, and that is generally a question of a very short time. Short or long, however, the time must come, and when it does come, we are in line to reap the richest kind of a harvest. There is absolutely no loop-hole in this proposition. There is absolutely less risk of loss than in any business or other enterprise you can mention. It is a business carried on with good, hard cash, and with every possible advantage in our favor. _The holder of even one bond of $25 stands upon the same footing as the owner of a large block, receiving regularly the pro rata earnings represented by his share._ The officers and directors are well known men of business, thoroughly familiar with Wall Street and its methods, most of them having been for many years actually engaged in some business requiring expert financial knowledge. The bondholders can be assured that their money will be invested and handled as set forth in this prospectus, first, because the officers and directors cannot have any motive for doing otherwise, inasmuch as they know that the method herein outlined is the only one which can win in Wall Street. They are also protected in every possible way, and every desired assurance will be given in this respect. _The books and records of this Company, open to bondholders, will show at all times precisely what investments have been made, how money has been made upon them, what stock are owned by the Bondholders, and so on._ These records can be compared with and verified by the financial records of the New York Stock Exchange, as published through the regular channels, so that the bondholder can at all times assure himself that we have done just what we claim to have done, and that he has secured his just and equitable share of the profits of the operation. _WALL STREET DICTIONARY_