MEMBERS: New York, Boston, Detroit, Chicago, Cleveland, and Hartford Stock Exchanges Chicago Board of Trade New York Cotton Exchange OFFICES: Providence Albany St. Paul Detroit Cleveland Houghton Confidence in Your Investment Banker ONFIDENCE in the professional ability of your In CONFIDENCE in the profetas essentiality condence vestment Banker is just as essential as confidence in the professional ability of your Doctor or Lawyer. When confidence is properly established, the investment banker can serve his customers best. A letter telling us your investment problem will be treated in strictest confidence and will place at your disposal the cumulative experience of this institution gained over a period of forty-seven years. Paine, Webber & Co Grand Rapids The Investment Company of America AN INVESTMENT TRUST Administered by a Trustee Corporation organized under Michigan law with Current Resources in excess of $10,000,000.00 Affords investors in its Trust For information on this E. E. MACCRONE & COMPANY "Stock and Bond Register." A record showing the inportant features of each security which is held by investors Offered by Otis & Company, 216 Superior Street, N. E., Cleve land, Ohio. "Survey of the South." A booklet showing the wide rang of the South's natural resources as a basis for sound investments. Offered by Caldwell & Company, 300 Union Street, Nashville, Tennessee. "Investing for Safety." The newest publication of S. W Straus & Co., 565 Fifth Avenue, New York City, describes detail the methods followed by this organization in underwriting first mortgage real estate bond issues. "Looking Ahead Financially." A helpful booklet on: very interesting subject - visualizing the factor of age in the financial affairs of men and women, and intended to help vestors to build out of current income an accumulation property to provide permanent income. Offered by Haley, Stuart & Company, 201 So. La Salle Street, Chicago, Illinois "Chain Store Securities." A booklet containing a thoro discussion of chain store systems explaining why they fur an excellent basis for investment securities. Offered by George Burr & Company, 57 William Street, New York City. "Foreign Dollar Bonds." Pertinent information regardin nearly 400 foreign issues offered in the United States is present in the tenth edition of this booklet on international investmen issued by Brown Brothers & Co., 59 Wall Street, New Yor A new feature of the booklet this year is the inclusion of gener statistical information on certain of the countries covered. 4 limited supply of these booklets is available for distribution t investors on application. "How Much Should I Save?" A booklet explaining t well-worked-out systems of accumulating money. Of particular interest to those who wish to build up an income by systemat saving. Offered by the Old Colony Corporation, which is ow by the Old Colony Trust Company, 17 Court Street, Bost Massachusetts. "Why a National Union for Safety." A booklet describes National Union Mortgage Bonds showing how securities safeguarded through insurance of principal and interest outside surety companies. Offered by the National Mortgage Company, 111 E. Redwood Street, Baltim Maryland. The Power Which Conquers the Mountain Grades Will Bring You a Safe Income Without puffing of smoke or chug of steam..... Can You Afford Unsuitable Securities? HE widow should have Tonetype of investment security-the active business man may purchase others. All should select bonds suited to their individual needs. Whatever your investment needs may be, S. W. STRAUS & CO. can supply them. Our offerings are broadly diversified, including high grade rails, municipals, utilities, and for especially high yields, foreign bonds. And finally, real estate bonds which we ourselves have underwritten and safeguarded, the type in which we so long have specialized, yielding as high as 5 to 5.75%. Call and consult one of our officers on your investment problem, or, if you wish, indicate your investment preferences and ask for BOOKLET F-1828 "Securities Backed by Modern Road Building." The largest road-building organization in the United States, Warren Brothers Company, of Cambridge, Mass., offers an illustrated booklet giving interesting facts about the Company and its work. Apply to Paine, Webber & Co., 82 Devonshire Street, Boston, Massachusetts. "Insuring Your Intentions." A booklet giving much interesting information about the life insurance trust service and its possibilities is offered by the Guardian Trust Company (Allan B. Cook, Vice-President), Cleveland, Ohio. An employe of one of our water companies recently sent us a communication in which occurred this sen"The old oaken bucket was full of sentiment and microbes." tence: The menace to health of an impure water supply can hardly be told in fewer or better words. Modern water purification plants may not possess the sentiment and romance which cling to the open well and the flowing stream, but nothing contributes more to the health, sanitation and welfare of people all over the civilized world than does a plentiful supply of pure water. An Industry That Never Shuts Down AMERICAN WATER WORKS AND ELECTRIC COMPANY INCORPORATED DURING 1927 Chicago's central station system generated over 3,778,000,000 kilowatt-hours of electric energy-nearly nine times the amount used in the entire state of Nebraska during the year. Regardless of Chicago's amazing growth, COMMONWEALTH EDISON COMPANY maintains generating facilities sufficiently large to keep pace with the constantly expanding demand for electricity. A well-balanced financial structure, assured business, and steady returns make this company's securities an attractive investment. We represent companies operating in 30 states; write for investment list. UTILITY SECURITIES COMPANY 230 So. La Salle St., CHICAGO New York Richmond St. Louis Milwaukee Indianapolis Trustworthy for Trust Funds EMPIRE BONDS are guaranteed uncon ditionally as to principal and interest by strong, well known surety companies. They are independently trusteed by a large bank or trust company and are legal for trust funds. Their unquestioned safety and liberal yield of 6% merit the favor of wise investors. Empire Bonds Empire Bond & Mortgage Corporation 535 Fifth Ave., N. Y. "Interesting Facts." A booklet giving graphic information concerning the properties and the investment opportunes offered in the enterprises of the Associated Gas and Elect Company. Offered by Associated Gas and Electric Securita Corporation, 61 Broadway, New York City. "Investment Review." A booklet giving current inform tion on the selection of securities for investment is offered by Hornblower & Weeks, 60 Congress Street, Boston, Mass. "Water, the Indispensable Utility." An interesting booklet, giving a detailed description of a water company's plant a operations, with special reference to the investment qualities securities of water companies. Offered by G. L. Ohrstrom & Company, 44 Wall Street, New York City. "What Most Men Forget." A folder explaining the advantages of investing safely in real estate mortgage bonds which carry an independent surety company guarantee of payme of principal and interest. Offered by the Empire Bond & Mor gage Corporation, National City Building, 42nd Street & Madison Avenue, New York City. "Guaranty Service." A book describing the work of various departments and outlining services available to customers | through these departments. Offered by the Guaranty Trust Company of New York, 140 Broadway, New York City. "Foreign Dollar Bonds." A booklet containing valuable suggestions for bond buyers and presenting the record of foreign loans in American markets. Offered by National City Company. 55 Wall Street, New York City. "Public Utility Investments." The Utility Securitis Company offers the securities of well-known public utility enterprises in 21 states. A Monthly Savings Plan of buying is one of their sales features. Lists of securities, yielding a high as 7 per cent., will be sent upon request. Address: City Securities Co., 72 W. Adams Street, Chicago, Illinois. "The Ideal Investment." A booklet showing ten reasons for the safety of Electric Power and Light Bonds as a basis for investment, is offered by Thompson Ross & Company, 29 Ses La Salle Street, Chicago, Illinois. |