INDEX Accurate predictions difficult, 29 American Railway Securities, 115 explanation of decreasing output, freedom from competition, 122 with U. S. Steel Corp., 120, 121 size of plant and personnel, 117 122 American Sugar Refining Co., 42 Ashley, Michigan, invalid issue, 103 bankruptcy, 272 Audit of corporation books, 69 Bad investment losses, 37 Baltimore & Ohio, bankruptcy, 212 Bank examiners, 19 Bankruptcies, Atchison, Topeka & Eastern Railroad Co., illustration, 22 Lombard Investment Co., 204 Reading Ry., 272 Union Pacific, 272 Board of Directors, 42 Board of Supervising Engineers, 169 superior position of, 45-47 stability of prices, 47 Bond values, decline, 264-266 Brokerage houses, inspection of, 19 Burke, Edmund, 98 Capital stock increasing, 43 Chamberlain, Lawrence, 106 China, industrial development of, 282 Commissions, 14, 26 Commodity prices, 262, 276 evils of, 254-256 Consolidated Gas Co. of N. Y., opinion, 148, 150 Constitution of U. S., eleventh Construction syndicates, 68 Convertible debentures, illustration, Cooperative buying, 77 methods, 254, 255 Corporate deed of trust, form, 54 Cost of living problem, 199 Curtice, Mr. Justice, 95 Dean, Maurice B., 103 in public service issues, 159 Direct ownership of bonds, 48 objections to, 48 Dissolution of Standard Oil Co., 252, Dividend paying stocks, 24 Eastern Railroad Co., bankruptcy, Economies of combination, 258-260 Engineers' investigations, 63-66, 68, Farm animals, statistics, 277 disadvantages, 188, 189 Farm mortgage, method of making, mortgage broker, work of, illus- value of farm property, United yields, diminishing, 278 Farms as a basis of investment, 197 Food products, consumptive demand Franchises, bankruptcy, 166 Board of Supervising Engineers, excessive capitalization, 164 New York city, illustration, 174 prices reduced, 165 public sentiment, 166 Fundamental conditions, 27 crops, 27 interest rates, 27 Gambling, profitableness of, 26 margin of profit, 278, 280 new discoveries, 280 Gold production-Bradstreet's com- effect upon prices, 261, 268, 269 Great Northern and Northern Habendum clause, 54 Havemeyer, Henry O., 42 Hill, James J., 200 Income of American people, 36 Industrial bonds, 206 caution in purchasing, 206 compared with railroad bonds, 207 Industrial corporations, notes and McCrum-Howell Co. failure, 236- 240 rank after all forms of indebted- restrictions and safeguards, 235, speculative investments, 242, 243 Inspection of brokerage houses, 19 stocks, 34, 35 Insurance companies' investments, 49 134, 135 rate advances, 124-129, 141 Interstate Commerce Commission, Trunk line petition, 134, 135 faulty, 63, 88 Investment banker, advantages of dealing with, 75 advantages of association in same line of trade, 76 coöperative buying, 77 expensive operations of, 74 losses and defaults, 83 protection of customers, 87-90 safety of bonds purchased from, 84 work of, 61-66. Labor organizations' demands, 124- Law and the broker, 19 of increasing returns, 144 Legal investigations, 69 Levee district bonds, 111 Location of manufacturing industry, Lombard Investment Co., failure, Losses in speculation, 33 Lumber industry, changes in, 224 standing timber in U. S., 223 McCrum-Howell Company, failure, Margin speculation, 14, 18, 24 chances of profit, 21 safe methods, 19 |