National Geographic : 1914 Jun
What the Bond Buyer Has a Right to Expect SIn Addition to Reasonable Interest Return 1. The assurance of ample security behind his bonds through recommendation by a repu table investment banker. 2. A comprehensive and accurate statement of the physical and financial condition of the property, based upon the investigations of experts. 3. Regular and prompt interest payments at stipulated rates during the life of the bonds. S 4. The return of the full face value of the bonds at maturity.. 5. A reasonable market in accordance with existing market conditions. J 6. Acopy of the report of the latest appraisal of the property upon request. 7. Assurance of a conservative ratio of bonded indebtedness to value of properties mortgaged 8. Assurance of sufficiency and legality of franchise and mortgage provisions, through com petent legal opinion. 9. A sufficient margin of safety in earnings. Send for our Circular AN- 15, entitled "How to Select a Good Bond." This circularcovers in greater detail many of the points mentioned above. J N. W. Halsey & Co. NEW YORK PHILADELPHIA CHICAGO 49 Wall St. 1421 Chestnut St. La Salle and Adams Sts. BOSTON ATIMRSAN FRANCISCO Halsey & Co., Inc. ALTIMORE 424 California St. Munsey Building LONDON, Halsey & Co., Ltd. GENEVA, Switzerland Minnesota & Ontario Power Co. First Mortgage 6's A prime investment bond, protected by earningsof4to1andassetsof3to1, including 30,000 water horse-power completely developed and operated. Price, 101 and Accrued Interest to Net 57%% Ask for Circular645-D PeabodHyouIghteling &Co. Established 1865 10 So. La Salle Street, Chicago "Mention the Geographic-It identifies you."