National Geographic : 1912 May
- -' n. -in , 1 , J J. - -f- Sound Public Service Bonds Payin! And equally safe Railroad Bonds paying less, show this difference in rate chiefly be cause the latter are better known to the investing public. This is due to the fact that standard Railroad issues have been before the public for a longer period, and usually being larger in amount, have been more widely distributed. But reputation alone does not make a bond safe. The supreme test of a bond is its intrinsic value-its margin of safety in physical value and earning power. Competent NEW YORK 49 Wall St. S5% examining experts can deter mine the value of Public Ser vice Bonds with the same ex actness as Railroad Bonds. The Public Service Bonds offered by N. W. Halsey & Co. have been carefully investi gated and are recommended as safe investments coupled with an attractive rate of inter est, ranging from 41 2 to 534%. May we put your name on our mail list to receive oc casional offerings of Public Service, Railroad and Munici pal Bonds ? Ask for latest Circular No. R-69 N. W. Halsey & Co. PHILADELPHIA CHICAGO SAN FRANCISCO 1421 Chestnut St. La Salle &Adams Sts. 424 California St. We deliver bonds to all parts of the world at our risk. If You Are Planning a Trip let us give you some suggestions that will make it easier and more enjoyable. The members of our organization are always ready to discuss with you, either by letter or in person, the facilities we offer travellers, whether the funds they intend to expend are large or small. Write us for our booklet, "FUNDSFOR TRA VELLERS." It contains valuable information and is sent free on request. Knauth, Nachod & Kihne, Bankers LEIPZIG 15 WILLIAM STREET GERMANY NEW YORK, N. Y. "Geographic readers may depend upon the character of our advertisers."