Show Guide to Investors 0 I By OLIVER OLVER H H. H RITCHIE I Copyright ht 1922 1822 by Cyrus Cs PeIrce Co I o WHAT T IS S A BOND BOND Continued from Thursday in presenting the results o or of Its He J investigations the Quotations your you banker a as s you become on the bond circular cir clr cular Amount you ou borrow becomes total tola borow Jg Issue become What you own becomes assets t ff lies ties How on much the I balance you owe Shod e Becomes t comes liabilities tl t was J your Ur Inc income me becomes earnings nV What you rou want to Borrow becomes purpose ot of r th the Issue When yoU fU f could pay pay bae back becomes maturity y ot or the tho Issue isue What Y f 1 s security you could offer oter be beComes be- be Comes mortgaged collateral property endorsement en t. t If I the Issue Is secured by a mortgage upon po real prop Property it Jt becomes become first firsth I first mortgage Sr general mortgage or some h other ther form of ot mortgage bond i. i It I the security II I. collateral deposited with the trustees the bond becomes becom collateral col lateral trust The bank with wih whom the collateral is I deposited to IS whom om the tha mortgage is Issued Is- Is sued and which Is responsible for the fulfillment ful- ful to nt or of every ever ery In the bond to protect V the Investor is not the Investment Investment In- In vestment banker making the loan but a a. banker agreed g e ld upon by the tho Investment banker and the trustee borrower and is s 's known as iJ It I is 18 ft not Intended In that this simple ext ex- ex t Covers all al bonds bonds- for tor there ther are m many mahy y kinds but it ll has b been en used to preSent pre pre- sent Bent the general fr framework of ot a 0 bond I |