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"The best

NAME OF

POST-OFFICE ADDRESS

pipe smoke

Editor, ELLERY SEDGWICK

8 Arlington St., Boston, Mass

ever made!"

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ALICE D. JENKINS
REGINALD WASHBURN

TERESA S. FITZPATRICK

NELSON J. PEABODY

8 Arlington St., Boston, Mass

14 Walnut St., Boston, Mass.

Dover, Mass

Worcester, Mans

Brookline, Mask

8 Arlington St., Boston, Mas and other security holders, hold Known bondholders, mortgagees, 1 per cent or more of the total amount of bonds, mortgages, or securities: Boston Five Cents Savings Bank. Signed MACGREGOR JENKINS, Publisher

Sworn to and subscribed before me this 20th day of March, 190% JOSEPH W. VINAL, Notary Pub (My commission expires October 9, 1

[SEAL]

NE

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D

W

ITH a directorate composed of members affiliated with 525 other companies, in 79 different lines of business, and with an intimate knowledge of modern business requirements, this Company has developed banking facilities that completely meet the needs of business houses in both domestic and foreign trade. We invite you to discuss your problems with us.

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President, Ana

conda Copper Mining Co. THOMAS W. LAMONT of J. P. Morgan & Co. CLARENCE H. MACKAY President, Commercial Cable-Postal Telegraph System RICHARD B. MELLON President, Mellon National Bank, Pittsburgh

GRAYSON M.-P. MURPHY

WILLIAM C. POTTER

THOMAS F. RYAN

CHARLES H. SABIN

of G.M.-P.

Murphy & Co.

President

Gardiner & Reed

Financier

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LANSING P. REED of Davis Polk Wardwell

EUGENE W. STETSON

EUGENE M. STEVENS

JOSEPH R. SWAN

Chairman of the Board

Vice-President

President, Illinois

Merchants Trust Company

President, Guaranty Company of New York

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Pools of Unlimited Power

UNOS A.C.ALLYNAND

COMPANY SING

ves

May we send you a copy
of our booklet, "Public
Utility Securities as In-
vestments"?

Ask for AA-284

Grouping of the electric Power Utilities into
enormous reservoirs of energy provides ceaseless
flow of power, unified and economical manage-
ment, constant expansion to meet new demands.

Further, these grouped Utilities supply safe and
profitable investments, by offering their Preferred
Stocks to a public thoroughly convinced of their
sound position as income builders.

We recommend Public Utility Preferred Stocks for a portion of your investment list.

A.C.ALLYN AND COMPANY

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'MPRESSIVE investments in Cleveland by General Electric

and other large corporations mark Cleveland's steady progress toward an even greater future. The Guardian offers complete banking service to anyone who wants to share in the remarkable growth of this city and section.

GUARDIAN TRUST COMPANY

CLEVELAND, OHIO

RESOURCES MORE THAN $150,000,000

Many Small Investors

of today who are buying regularly sound bonds and stocks with
surplus funds, will become substantial investors in the years to
come. Our office records, running back nearly forty years, show
what this investment policy is doing for those who persevere
in it. That is why we welcome men and women making their
first investment. We know that they will get the habit of buying
more, because it is a habit which leads to financial independence.
Our services to the investor―large or small—are outlined in
"How WE AID THE INVESTOR,' a folder you can read
in a few minutes. Write for folder—A-6

HORNBLOWER & WEEKS

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Members of the New York, Boston, Chicago, Cleveland, and Detroit Stock Exchanges

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Chicago

is "moving it electrically for less". There are 2350 electric trucks on the streets and 36 public stands for recharging and "boosting" batteries. All of these stations use Commonwealth Edison Power. Commonwealth Edison Company

The Central Station Serving Chicago

Commonwealth Edison Company has paid 154 consecutive dividends to its stockholders. Stock listed on the Chicago Stock Exchange. Send for Year Book.

THE

Investors' Library

"HE search for information on the part of individual investors is one of the encouraging signs of the times.

The Atlantic Monthly, in connection with its Financial Adver tising Department, wishes to encourage this by the publicati of the following list of booklets, which, it is believed, s prove useful to those readers who are concerned over the pr lems of the investment of their surplus funds.

It is recommended that readers write directly to the in ment houses, making request for such booklets as seem likely to be useful, or for such information as the booklets suggest. Our banker friends will be glad to be of servic Atlantic Monthly readers.

"Successful Investing." An interesting booklet for im ors. Offered by William R. Compton Company, 7th and La Streets, St. Louis, Missouri.

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