National Geographic : 1916 Mar
III IH III IIIIIIIIII I llllllilllllllllll11 1 11111111111111 l 111 1111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111E l Defense Defense used in any sense means preparedness against loss. The strongest investment defense is a Municipal Bond which is sure to pay in S good times or in bad-in times of world war or business depression. Municipal Bonds also defend you against the higher income tax agita tion-such will only enhance the value of your securities, which are tax free. If you believe in investment defense, send for Circular N3. This will bring you our instructive illustrated booklet, "The Premier Investment," 5 which deals in a comprehensive way with all classes of Municipal Bonds, and also our extensive Municipal Bond List, showing issues yielding from 3.60o to 5.50o. Write today, as Municipal Bonds are selling below = their real value and are steadily advancing in price. 5 Our advice is free and correspondence is invited. William R.(ompton ompany - New York St. Louis S 14 Wall Street Ylunlclpal 408 Olive Street S Chicago Bords Cincinnati - 111 W. Monroe St. 102 Union Trust Bldg. i IIll llIIIIIIIIIIIIIIll IIIIIIIIIII IIIIIIIIIIIIIIIII II IIIII IIu IIIIIIIIIIIIIIIIIIIIIIl IIIIIIIIIlllllllllllllllll lllllllllll lllllllli 5% % Investment in Chicago's Business Center Security over 2 to 1. Actual present net earnings over 2/2 to 1. First Mortgage Bonds of $500 and $1,000 denominations secured by one of the best paying modern office buildings in the busi ness center of Chicago. Substantial serial payments provide rapid increase in the mar gin of security. An investment especially suited to investors requiring positive safety and good yield. Ask for Circular No. 910D. Peabody;Houtel1ing &Co. (Established 1865) 10 So. La Salle St., Chicago "Mention the Geographic-It identifies you."