Show I 1 I Saving and Investing Invest I Talks Talk for the Thrifty L H Ii Uy Jo lon Jon M. M OI l Publicity 1 In Is n 11 new Idea Idea- In hu and finance It 11 Is lit still UK sa a factor lac- lac tor to b be hAu handled l crI To hat shat nl shall Khali th remit of operations be he mad public not lion much i shall liall the thC stock holders holder of or hf hie Hg h be he told fold about th cost copt of cit r 1 money on borrowed orrot Thes TheIl two arise In the me of many of or directors and top too often th the answer I hl U fice Recently a bf machinery manufacturing In ing COt corporation oT In the west came Into the Ilm limelight of or the desperate condition of ot it Its 1111 finance A receiver receiver- ship mp hip was wall Imminent there was jUI much macli talk forth anti and hark bark about thu tile the p rut part rt In ID thee the wrecking nf or the company by hv this man and anti that Finally a ool pt person on dug due out some facts lc In ln July IMS 1116 th the l company Sold of or first mortgage bonds bond duo dUI duon In n thirty ve ft and 3 per c nl Interest It 15 a on all tJ tH tle rc or tha company and th the tho mon money realized realize from the R sale nale le was to be Ie u used unil d In tn the tho business making business Ns It pa rl bett better r. r rh These c bon bonds 1 were put out In tn denominations of or 1000 but hut th tho company did lid not undertake to sell oI them In such uch small lots lota Instead It turned over O to H It group of or 1 the whole lot n at t a aprice aprice price of ot for or each 1000 These bankers banker In turn sold MId the bonds to In Investors In In- vectors tors at t about each MCh And no In f Investor tor knew the fact avis Not None knew new that this piece of financing put pul up to lo the the the- problem of so 50 o using so j O that for fop thirty years yea It could continue to p pay l 50 tIe a year f for Its itA itAtI tI use list and at Rt the end of that Um time r repay 1000 None Nota- knew know that the company was wan a actually paying pRying for borrowed money i. i 71 1 per r cent Instead o of 5 G. AH As a matter of or I f Justice stice were not lot both shareholders of or this company and buyers of or Its Us bonds bond entitled to this Information I |