Show W AE AfE HOLD Twelve Years of Prosperity Have Changed to American Stockholders ers BOUGHT STOCKS CHEAP Industrial Workers Took Ad Advantage Advantage Advantage Ad- Ad vantage of Pan Panic ic to Own Credit Credit Now York Oct OcL Oct 19 No No 0 moro more striking striking In ing Illustration of ot the tremendous prosperity of or this co country un try In tho the last lust 12 years can bo be found than In fn tho the statement of ot a prominent hanker banker today y to that the tho unrulier number of or American stockholders stockholders stock stock- holders In railroads industrials industrials indus indus- trials and other oIlier companies Imd 11 1 practically ant trebled since tho the beginning of or Pre President McI McKinley's a administration Ho He pointed out that whereas tho the stock held foreign foreign- previously had hall been by ors mrs or by wealthy wealth capitalists hero horo It I had laid become distributed widely among Americans who hail had hal a few tow hundred or ora ora ora a few tew thousand to Invest est In In gilt edged edsel of th tin hit securities that wage waA earners o East and farmers of ot the tho West Vest had pl put t their savings sl In iii Ir stock that was waH sure suro of ot paying anywhere from 5 to 8 per cent In interest terest yearly fought nought Stock k Cheap Though at the tho clO O of or President Cleveland's elands eland's a extremely wealthy persons and a few banks alone held shares of ot stock and bonds In the great American enterprises tile the number num nuhi- her ber ler of oC shareholders today is s 2 and amid those represent t the I savings sayings say sav ings of Americans Tho The number num nuni- tier ber of ot Americans hol holding ln stock has huts in increased In- In creased greatly in the last year Tho The mon money monny panic which hit the sor VOI vory rich hardest of ot all al and compelled them to sell sel out their securities at nt low prices to got get mone money gave ga e th the wa wage e earner camel with money in the thc bank the tho farmer and tho the man of or small smal Income who had been beon nursing his nest egg an opportunity opportunity to buy those stocks at n a rl ridiculously busty low how price For Fm example a year yeara a ago o Union Pacific stock was vas soiling at 68 a n share tod today It I is worth Reading which tota today Is worth In the time neighborhood of ot could be bought hought after the panic for tor 30 66 66 a share harp United States Steel common which is bringIng bringing bring bring- In ing 45 46 6 a share now sold sod then for small Investor Consequently Consequent If the smal wishes to els dispose pose I of or his holdings he lie can cnn reap a huge profit or 01 if It ho wishes to hold holl those stocks he has a larger chance in tn the tit election electon of or William llam 11 I Taft as President Those stocks will wil sell sel at a still higher priem in tho tim event of or a Republican election because thoro there thoroIs Is 18 o cr every assurance that with wih his election olec elec Lion tion ton the country countr will wi enter upon an nn anora era ora ern of ot still greater prosperity that tho the earnings of tho tim companies In which the tho poor pOOl man line has put his savings willbe will wUI willbe be greater grealer and consequently will pay vay astill a n astill nn still sUI larger 1 dividend It I mo may seem astounding that so many million American persons are Interested Interested Inter Inter- ested osted In iii tho the earnings of ot the 11 railroad inI Industrial companies of ot tho the coun coun- ant try but a hasty glance dance at the tiie mist list of OL stockholders Is IB convincing convincing For FOI ex example ex- ex ample two billion dollars of ot railroad securities les aro are owned bv hy banks and In Insurance In- In companies companies Every bank de depositor tie tle- received recel e tim In Interest terest indirectly from the railroads s. The banks of or the country have accounts accounts The Thc savings s banks have havo Invested in railroad securities for their S.- S. dep depositors Life Insurance companies com corn panics with wih their policyholders policyholders policy policy- holders have millions milons of or dollars In Invested invested In- In vested sted In railroad and anti Industrial se se- se enmities s. s Accordingly it I Is a Q COnserva- COnserva to l. l r SRi sov a that per per- s sons American ins n- n nt t have havo o- o securities Invested I their I money In InI I IncrEase FIC In Savings Sn Hunk Bunk Deposit Not only have havo the number of or direct I holders hoMel or of tock increased In Ia the time last twelve Y yours years ur but the amount of money money money mon mon- ey deposited in savings banks for Cor In Instance In- In stance has increased from about 1 In 1895 to in 1907 and that the depositors In that time tim were doubled The rime vast wealth which the time farmers yearly earl had hail been obtaining from their farms the millions milons mi- mi mil lions lons of or dollars dug from the earth er e every year anti and ant the profits from the turning out of ot manufactured articles and selling them abroad have havo Increased the time wealth of ot the time capitalist wage earner earner earn earn- er anti and the man of ot modest Income to such ant an extent that all al had hal mone money to put in fn savings banks or to invest in insecurities insecurities securities promising a fair fall rate of ot In In in- terest When hen the tho panic struck the time rich men In Wall Vall al street there was no doubt about abouL the thc safety of ot savings banks bans and although man many depositors wanted their mone money they had In view tho the purchase of oC stocks at ridiculously rl low prices The ThC wealthy man who had hind extended his hits credit out of oC all al bounds was waR hit lilt mind and was obliged etl to sell sel his securities ant to meet his notes The Thc manner In iii which the time mon maim and anti women who had been saving their earnings took tool a aan advantage an anta ta tage tago o of or that Is shown by statistics o of tho the number of or stockholders In hl big railroad railroad rail rail- rai- rai road companies and Industrial concerns concerns con con- cerns before and after aftem the time panic The number of or stockholders nut els in the United Steel corporation Increased from rein 83 to of ot whom are aro em em- I of ot the tile concern of or time the Pennsylvania Penn Penn- sylvania railroad from to of the time Deli Bell el Telephone company from to 2 of or tho time New York Cantral Central Central Cen Can from to lOO and of ot the time American Su Sugar ar company from 1000 to tu 2000 Time The Interest of the time the small smal Investor In iii Jl the purchase of stocks socks was waa shown b by the tue orders which brokers lokers re received ro- ro for tor what before beCore th the tho panic was contemptuously termed odd lots lob a it I lr v Ao lO lOI oi 11 ii I Lousier Lender r. r The Time way In which the time farmer and ant the time ware earner earnel of or tho lie Vest West Is buying stock for for- rol Investment In purposes s Hul said a banker today Is cl clearly arh shown I by the Increase of brokerage p houses house in iii the time West est These houses houKes do tiO tO a conservative o business und and alt all al last winter tl they received re received received re- re orders from farmers who re realized re- re th times they y Could get Ket a larger larger rato rate of or Int Interest on on n their mone money momme h by buying stocks s and bonds at low lou prices rices than b by leaving it In the tho banks That rust fact proves tho the prosperity of the time farmer and tho time people living in the time West resL Vest I remember tho timo six or seven se years ago aso when a fa farmer mer who wished to horrow borrow borrow bor hor- row mone money had to pa pay 8 S rem per cr u a I year ear Interest Now those farmers have mone money to lend 1011 and tho tile rate raLe of ot Interest Inter Intel 5 S est per on cent mortgages has dropped to 4 andS and |