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A LETTER from an Investor

who owns

$1,800,000 in Securities

HAVE just received and carefully gone over

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you

which you have furnished. I want to thank for this analysis, and to express my very great satisfaction with the work done.

to trade securities carrying a premium for those

"I had no idea that an analysis such as you suggested to me would be nearly as complete as this is, nor that it would convey so much information which is vital for the investor to have before him. Entirely aside from the tabulation of securities with rate and income yield, the very thoughtful comment and advice on the various securities are especially appreciated.

"Never before have I allowed a bond house to have my list, or any part of it. I felt that they would only use it for trading purposes, and I was convinced that any investor who allowed his list to be so used would gradually find himself holding securities of less and less value and salability, because of the temptation

"My list, I am convinced, will in no sense be used by you in that way. You have proved this by the comments and analysis of my various securities. On the contrary, I feel a sense of protection that I did not previously have, since you are now in a position to advise me in advance of any possible trouble, thus giving me an opportunity to get out of a weak investment.

"I beg to assure you, therefore, that this analysis is of very substantial value to me, and I wish to thank you very sincerely for furnishing it."

This letter to us from a Chicago investor reflects the value of the investment analysis service which we rendered. This same service is available to you. We will gladly send further information upon request.

The Compton Investment Service Department, an outgrowth of forty years of experience, has proved of substantial value to investors. You are invited to make use of its facilities in the analysis of your own investment holdings.

CHICAGO

WILLIAM R.

NEW YORK
44 Wall Street

105 So. La Salle St.

COMPTON COMPANY

Investment Securities

PHILADELPHIA
Packard Bldg.

KANSAS CITY
208 Dwight Bldg.

DETROIT
1009 Ford Bldg.

MILWAUKEE
429 Broadway

BOSTON
73 Water St.

NEW ORLEANS
1404 Hibernia Bank Bldg.

ST. LOUIS

7th & Locust Sts.

CINCINNATI

312 Dixie Terminal Bldg. ATLANTA

1027 Atlanta Trust Bldg.

MEMBERS:

New York, Boston, Detroit, Chicago, Cleveland, and Hartford Stock Exchanges

Chicago Board of Trade

New York

Cotton Exchange

OFFICES:
Boston

New York
Chicago
Springfield
Worcester
Providence
Portland, Me.
Concord, N.H.

Albany Syracuse Philadelphia

New Haven
Hartford
Milwaukee
Minneapolis

St. Paul
Duluth

Detroit

Cleveland Houghton Grand Rapids

Confidence in Your Investment Banker

ONFIDENCE in the professional ability of your In

Cvestment Banker is just as essential as confidence

in the professional ability of your Doctor or Lawyer.
When confidence is properly established, the invest-
ment banker can serve his customers best.

A letter telling us your investment problem will
be treated in strictest confidence and will place at
your disposal the cumulative experience of this in-
stitution gained over a period of forty-seven years.

Paine, Webber & Co

BOSTON

82 Devonshire Street

Founded 1880

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The Investment Company of America

AN INVESTMENT TRUST Administered by a Trustee Corporation organized under Michigan law

with Current Resources in excess

"Stock and Bond Register." A record showing the in portant features of each security which is held by investors Offered by Otis & Company, 216 Superior Street, N. E., Cleve land, Ohio.

"Survey of the South." A booklet showing the wide range of the South's natural resources as a basis for sound inves ments. Offered by Caldwell & Company, 300 Union Street, Nashville, Tennessee.

"Investing for Safety." The newest publication of S. W Straus & Co., 565 Fifth Avenue, New York City, describes detail the methods followed by this organization in underwriting first mortgage real estate bond issues.

"Looking Ahead Financially." A helpful booklet en a very interesting subject visualizing the factor of age in the financial affairs of men and women, and intended to help vestors to build out of current income an accumulation f property to provide permanent income. Offered by Has), Stuart & Company, 201 So. La Salle Street, Chicago, Illinois

of $10,000,000.00

Affords investors in its Trust
Shares the benefits of an Invest-
ment Trust program in which
investments are selected after
most careful examination, broad-
ly diversified and subjected to
constant supervision and review.

For information on this
Investment Trust address

E. E. MACCRONE & COMPANY
Members New York and Detroit Stock Exchanges

7 Wall Street

NEW YORK

Penobscot Bldz.

DETROIT

"Chain Store Securities." A booklet containing a thoro discussion of chain store systems explaining why they furnish an excellent basis for investment securities. Offered by George H.

Burr & Company, 57 William Street, New York City.

"Foreign Dollar Bonds." Pertinent information regarding in the tenth edition of this booklet on international investments, nearly 400 foreign issues offered in the United States is presente

A new feature of the booklet this year is the inclusion of general limited supply of these booklets is available for distribution statistical information on certain of the countries covered i

investors on application.

"How Much Should I Save?" A booklet explaining to

well-worked-out systems of accumulating money,
Of particular
interest to those who wish to build up an income by systematic
saving. Offered by the Old Colony Corporation, which is owned
by the Old Colony Trust Company, 17 Court Street, Boston

Massachusetts.

"Why a National Union for Safety." A booklet describ National Union Mortgage Bonds showing how securities a safeguarded through insurance of principal and interest outside surety companies. Offered by the National Un Mortgage Company, 111 E. Redwood Street, Baltimore

Maryland.

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The Power Which Conquers the Mountain Grades
Will Bring You a Safe Income

Without puffing of smoke or chug of steam
silent.. ....a coursing greyhound of steel.....
a thing of ponderous power, unwasted energy
..the electric locomotive smoothly hauls its
great load over the mountain grades. This is
the giant strength of electricity.

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MOVIES

OF THEIR

HERE will be many gifts, yours among them. But ours will be the only one bout which this can be said:

It will be used during the ceremony.

It will be used during the honeymoon.

As each anniversary rolls around, it will still be in use just as good as ever.

They will treasure it more and more as years pass and it will constantly remind them of your thoughtfulness.

an't you imagine their gratitude? to you think that any gift will be precious to them as movies of teir wedding? How delighted they ill be to show them to those friends ho could not be there. How deghted they will be to show them ter on to their children. How they

4

WEDDING !

will love to look at those
wedding and honeymoon
films when youth has gone!
Meanwhile they will be
using your gift over and
over. With the Ciné-Kodak

they will take many a movie

...

of each other, their friends, and their children. They will take pictures of their parents pictures that will be a permanent record of those they love and cherish most. Suggest that they begin taking pictures at once. The bride and groom by a window... before leaving the house (the Ciné-Kodak, f.1.9, for example, takes wonderful interior pictures). The bride as she alights from the car in front of the church. The guests as they enter or leave. The bridesmaids and ushers. The flower-girls. The reception afterward.

How the bride and the groom will appreciate your gift of a Ciné-Kodak

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