Show f I Guide ude to Investors i I t i Municipal Bonds Bond i t Ov u r ft I r. Bond ILon d Mortgage Co T PERMANENCY OF THE MUI MU MU- I tant This This has an important bearing upon the tho investment I of m municipal bonds especially as s affecting their future security It 1 19 is plain that all al bonds of an old established basis community haying having its in I agriculture diversified I safer manufacturing th than those activity of a or mushroom both aN are town or city dependent upon a single sin sin- gb gle industry for existence I It is IS es es- to know the tho foundation I I which the economic life of the tho comI community com com- upon rests and to be assured that I no untoward happening may ger its p permanency or cause causo Unusual un unusual un- un usual of physical values I Statistics as to population and information information in- in in formation regarding the commerce I and industry of the municipality are essential in this respect A healthy I growth in population is a favorable indication future Values I j In general it may be said that the I greater the population of cities the better as large cities tend toward I i small greater stability But ut the bonds of smal and comparatively unknown municipalities can bo be purchased at I lower lowr prices price and if the requirements requirements require require- ments heretofore outlined are ful filled filed may be equally as secure ure as the bonds of the large well wel known metropolis The latter later will of course coure have the advantage wil of sell ing more readily in distant sel markets mar mar- but to the bona fide investor this consideration is is not worth tho the I difference in cost and I yield consequent I |