You OUR investment in the 6% bonds of the Security Bond and Mortgage Company is secured by first mortgages representing only 40% to 60% of the value of improved, fee simple real estate, as determined by three separate appraisals. As an additional safeguard, the payment of principal and interest on every mortgage is guaranteed unconditionally by the Maryland Casualty Company, with resources in excess of $36,000,000. The Maryland Trust Company, with resources in excess of $11,500,000, acts as Trustee. These bonds are eligible as investments for National Banks. Denominations $1,000, $500 and $100. Maturities one, two, three, four and five years. For complete details, write for Booklet No.13 J.A.W. Iglehart & Co. 102 ST. PAUL STREET BALTIMORE, MD. WASHINGTON, D.C.-WILKES BARRE, PA.-CLARKSBURG,W.VA. WANTED-CARTOONS The Outlook wishes to receive cartoons from its readers, clipped from their favorite newspaper. Each cartoon should have the sender's name and address together with the name and date of the newspaper from which it is taken pinned or pasted to its back. Cartoons should be mailed flat, not rolled. We pay one dollar ($1) for each cartoon which we find available for reproduction. Some readers in the past have lost payment to which they were entitled because they have failed to give the information which we require. It is impossible for us to acknowledge or return cartoons which prove unavailable for publication. The Editors of The Outlook, 120 East 16th St., New York City One Gains While the Other Stands Still Two men each have $25,000. The first invests at 6% and draws $1,500 yearly. The other invests at 8% and collects $2,000 yearly, and he re-invests the extra $500 at 8%. In ten years he has $32,208 which pays him an annual income of $2,577. The first investor is still drawing only $1,500. What would be your gain if your investments paid 8% ? You can obtain that rate safely by investing in first mortgage security through the Trust Company of Florida. It is easy to get the facts. Mail the coupon for free booklets. means who needs the most income she can get. Is ́s Canada a foreign country? A reader who has about twenty per cent of his holdings in Canadian securities writes for our opinion as to putting more funds into Canadian bonds. We should not call Canada a foreign country, although technically and legally it is one. American and Canadian conditions are similar in many respects. American capital goes across the border in vast quantities and American corporations are almost as much at home there as here. Nevertheless to have more than twenty per cent of one's money in one country not the United States seems to us too large a proportion. There are many excellent investments here. W E employ the phrase "a business man's risk" in answering many and various inquiries from our readers. Perhaps a word or two of explanation is now in order. A business man's risk is an investment containing a dash of adventure. It is different from a staid, oldfashioned, rock-ribbed bond or stock which has been proved over a long period of years. Yet the fact that it has this element of adventure in it does not mean that it is a speculation. It is called a risk, but a business man's risk, and if you will ponder these words well, you will begin to appreciate the value and the usefulness of the expression. For example, we were recently asked about the common stock of a well-established concern which has not yet paid dividends. The two preferred stocks pay -and have long paid-dividends, and last year one of them earned its 7 per cent several times over. The common has been kept out in the cold. On a par of $10 it last year earned $5. Is it a safe purchase? We should say yes, but as a business man's risk, not as an investment for a widow. M ANY inquiries come about preferred stocks, which, despite much that has been said against them as a class, are often individually excellent investments. One asks us about American Linseed. Dividends have only recently been resumed on this stock after a lapse of some four years. In 1924 it earned $8.02 for each share of preferred against a requirement of $7 and $1.02 on the common. It is a non-cumulative preferred, which means that there is no opportunity of back dividends being paid. The company is a large one, producing some products which are very widely distributed and favorably known. It has no funded debt. In 1921 there In writing to the above advertisers, please mention The Outlook was a deficit, and in 1922 and 1923 there were no net profits. But in 1924 there was a net of over $2,000,000. "We should consider," our reply went, "that in purchasing this stock you were taking some risk, but not an undue risk. Should normal dividends be completely restored in the course of the next few months, the present price of 86 and a fraction would bring a very fair degree of appreciation." OMETIMES the editor wishes that there SOM was more time at his disposal in which to answer questions. A thoughtful Iowa student has asked us for a very complete history and analysis of the General Electric Company, including "evidence indicated in the business cycle, sources of material for investigation, conditions and elements governing each issue, future prospects of each issue." "I should like also," he writes, "to get quite a long discussion on the topic of 'dangers and benefits of stock speculation.'" He desired, further, an outline of the elements of a lifetime financial plan. The significant thing to us about this letter, which was answered as fully as possible, was that a college student should be studying these questions with such plain evidence of a real insight into their importance. How many adultsinvestors or otherwise-do the same? "AN N absolutely safe" investment is desired by most of us. How to come as near as possible to securing one is indicated in this letter to a clergyman who asked this department for information about certain firms: "You can safely do business with the concerns which advertise in The Outlook. That is why their advertisements appear in these pages. To be an advertiser in these pages means that we have carefully investigated the record of each company and consider each to be reliable and trustworthy in every respect. Of course, in addition, we urge every investor to read all the literature available on any investment which interests him, and never to rely wholly on any one else than himself to form his opinion for him." "THE HE article on 'Industrials' in The Outlook for October 28 concludes by saying, 'A well-diversified, wellchosen industrial list is hard to beat.'" Our correspondent, who throws back these words at us, naturally wants to know what we consider such a list to be -specifically. "It is a little difficult to answer your It gives to investors the service of an in- Therefore the recommendation of The This recommendation is placed upon the Security-The mortgages are made 60% of the value of fee simple property. Properties-All the properties are Guarantee-The mortgages are guar- Title The mortgages are guaranteed Trustee-The Baltimore Trust Com- Consult Your Own Bank or Banker $500 and $1,000 bonds of any available issue or maturity (1 year to 10 years) are sold FACTS FOR The Outlook's Financial Service Department is at question just as you put it. We would THE OUTLOOK, 120 East 16th Street, New York City hesitate to draw up a list of well-diversi In writing to the above advertisers, please mention The Outlook How Much Must You Save to Retire on Full Pay A ? LMOST anyone can retire on full pay when produc tive days are overwithout any great sacrifices during their earlier years. How the power of compound interest applied to bond investment can be used to attain any financial goal is explained and illustrated in the book "Accumulation Tables" sent on request. Just send your name and address on the coupon below. fied industrials, or any other kind of security, without knowing more about the purpose of the investment. Is it, for example, primarily for high income yield or an investment to be made with a view to length of time and consequent appreciation. If you will write us in more detail, we shall be glad to give you any further information we can. "Meanwhile the following securities are suggested for your consideration: U. S. Steel, common or preferred, Westinghouse Electric and Manufacturing Company, the preferred of one of the Standard Oil Companies, the first-mortgage bonds of some industrial such as Armour & Co. of Delaware, the stock or notes of one of the chain-store corporations, such as the United Drug Company." S EVERAL readers have inquired of late about the International Telepost Company. As all may not know, this concern has been through the hands of receivers, and the stock has been deposited under a reorganization plan. We have endeavored to secure information on which to base an opinion as to the company's future. The best we can report is that it is problematical. Adequate financing and the best possible management are among the present prime needs. Under these circumstances, there is little for a stockholder to do except to "hang on"-unless opportunity arises to get out of the stock for cash and into something else that will pay returns. Y Tricks and Tracts By BILL ADAMS Ou say that the things that interest people most are the things that interest villagers. I know of nothing of interest, unless it be that one of our storekeepers has two skunks in his window. They are alive and well; but non-odoriferous. And they draw the crowd. Perhaps the to-do that we are having here about the ways of the young is of interest. It has been going on for a month, hammer and tongs on both sides, with much bemoaning from would-be reformers. It reminds me of the Dodson boy. I'll tell you about him. The first night that I went on duty as a cop the city marshal, who carried a twister in one pocket, handcuffs in another, a billy club up his sleeve, a gun in his belt, and another under his shoulder, said: "You look out fer that thar Dodson boy. I'm a-goin' to run him out o' town." According to the marshal, the Dodson boy was a thief, liar, and what-not. And he added, "He looks jest what he is." Late that night I passed Dad Moley's little lunch-counter. Old Dad was pearl diving in the far corner. Seated at the counter, eating a Hamburger sandwich, was a boy in denims with a cheap cap on the back of his head. You can see similar boys at lunch-counters all over America. Not long ago they shipped in thousands to cross the western ocean and be blown to bits by shells, and about all that they asked was, "Where do we go from here?"-the everlasting and still unanswered question of their kind. Knowing the marshal, I guessed that here was my criminal, and stayed near. By and by, when he came out to the sidewalk, I said, In writing to the above advertiser, please mention The Outlook Leonard Home and Qui-Si-Sana and New St. Elmo Sanitarium ESSEX, CONN. GREEN COVE SPRINGS, FLA. On beautiful St. John's River, 30 iniles south of Jacksonville. Famous warm sulphur spring, golf and all sports. Every comfort at most moderate cost.Special rates by week or season. Folder O, describing both hotels, on request. Coming to Florida West Coast? St. Petersburg Information Service Bureau Information furnished regarding location and rates of hotels, boarding houses, rooms in private families apartments, bungalows, schools, Also restaurants, cafés, transportation facilities, garages, service stations. Other inquiries answered. Enclose $1. Quarters secured upon request. Mrs. NORA P. EVANS, 340 Beach Drive, St. Petersburg, Fla. New York City HOTEL CLENDENING 202 West 103d Street Within a few minutes of all New York attractions. Comfortable rooms and suites, exceptionally fine cuisine, and an atmosphere that pleases particular people. Write for Booklet O and Map of New York Hotel Judson 53 Washington Sq., New York City. Residential hotel of highest type, combining Tours and Travel -EGYPT WITH DR. H. H. POWERS With extension to North Africa, Syria, Greece, and Italy. Special rates offered for three weeks' Nile tour for those who wish to join in Cairo. Write for rates and booklet. BUREAU OF UNIVERSITY TRAVEL 15 Boyd Street, Newton, Massachusetts THE beauty, fascination, and mystery of the Orient lures visitors from all over the world to JAPAN The quaintest and most interesting of all JAPANESE GOVERNMENT RAILWAYS for full information Rates for a single room without bath and with 3 meals, $5-6 in cities and popular resorts, $4-5 in the country 19 EUROPE 26 JULY AUGUST SEPTEMBER Boston 30, Mass. EARN FREE TOUR TO EUROPE Tour prices reasonable. Write for particulars to EDUCATIONAL TOURS, Inc., 59 Prospect St., East Orange, N. J. College Organizers Wanted. Student or teacher in each college. Also conductors and chaperons. Co-operative College Tours, 5-10 weeks, $275-$690. Free trip and bonus. ECONOMY TOURS, Box 172, Wellesley, Mass. CLARK'S 6th CRUISE AROUND THE WORLD 128 DAYS, $1,250 to $3,000 Including Hotels, Drives, Guides, Fees, etc. From N. Y. Jan. 20, from Los Angeles Feb. 5, by specially chartered Cunard new ss Laconia," 20,000 tons. Featuring 26 days Japan and China including Peking; option 18 days in India; Cairo, Jerusalem, Athens, etc., with Europe stop over. CLARK'S 22d CRUISE, Jan. 30 ΤΟ THE MEDITERRANEAN By specially chartered new S S Transylvania," 17,000 tons. 62 days' cruise, $600 to $1,700 including Hotels, Drives, Guides, Fees, etc. Featuring 15 days in Egypt and Palestine; Lisbon, Tunis, Spain, etc. CLARK'S 2d CRUISE, 1926 NORWAY and WESTERN MEDITERRANEAN New s s "Lancastria " leaves June 30 repeating this summer's most successful cruise, 53 days. $550 to $1,250. Originator of Round the World Cruises. Longest experienced cruise management. Established 30 years. FRANK C. CLARK, Times Bldg., New York Earn Your Trip to EUROPE by securing five members for one of my tours. Established 1900. BABCOCK'S TOURS, Inc., East Orange, N. J. EARN. YOUR EUROPEAN TRIP organizing a small party. Write for particulars to STRATFORD TOURS, 452 Fifth Ave., N. Y. Always an acceptable gift. Keeps well and ships well. 3-lb. cake, $3.55, prepaid. 612 Lake Avenue, St. Louis, Mo. A unique and fascinating cake. Florida Citrus Fruit direct to Consumer Trial quarter box oranges or grapefruit $2.50 or tangerines $3.25; delivery charges paid East of Mississippi River. Season price list on request. S. L. MITCHILL, Mount Dora, Fla. Basketry. Hand-woven reed flower baskets, Dtrays, stands, etc. Made to order. Individuality. Expert craftmanship. Prices reasonable. Circular. Brookcroft Basketry, Oakdale, Tenn. For Real Estate and other Classified Adver tisements see next page Real Estate Connecticut FOR SALE At NORFOLK, CONN. Summer Residence, Fully Furnished Small eighteenth-century farmhouse, thoroughly renovated, modern plumbing, electric lights, and telephone, and complete screening; 11 rooms, 2 baths; and coat-room with toilet and lavatory; butler's pantry; large kitchen with excellent range, kitchen pantry and wood and coal shed adjoining ; barn and motor shed; independent water supply, ample for several houses. Tract of about 300 acres, with several available sightly building plots; altitude 1,500 ft.; over twothirds mile frontage on Litchfield Road; two miles from village green. Address H. A. Cushing, 43 Cedar St., New York EARN $110 to $250 monthly, expenses paid, as railway traffic inspector. We secure position for you after completion of 3 months' home study course or money refunded. Excellent opportunities. Write for free booklet CM-27. Standard Business Training Institution, Buffalo, N. Y. GOVERNESS for Detroit. Young Protestant with French, piano, and physical care, to teach when traveling." References in this position required. Best salary. R. D. Chapin, Hudson Motor Car Company, Detroit, Mich. HOTELS NEED TRAINED MEN AND WOMEN. Nation-wide demand for highsalaried inen and women. Past experience unnecessary. We train you by mail and put you in touch with big opportunities. Big pay, fine living, interesting work, quick advance ment, permanent. Write for free book, "YOUR BIG OPPORTUNITY." Hotel Training Schools, Suite Z-5842, Washington, D. C. Lewis LECTURERS: Clergy who can speak on current events and who would be interested in several engagements each month in the churches of their State. Good payment. State qualifications in first letter. 6,573, Outlook. SITUATIONS WANTED CAPABLE, refined woman wishes position as companion (would travel), secretary, housekeeper. 6,538, Outlook. COMPANIONS- Several exceptional women available for positions requiring culture, tact, and background. Executive Service Corporation (Agency), 1515 Pershing Square Building, New York. SITUATIONS WANTED EDUCATED middle aged woman, experienced in business, housekeeping, and care o elderly people, would like position as companion. Any locality. Box 405, Whitney Point, N. Y. EXPERIENCED French teacher wishes position in school or family. Small salary. Address 6,572, Outlook. GENTLEWOMAN, now in Florida, desires employment as companion to oue wintering there. Good reader, cultured, adaptable. 6,571, Outlook. GOVERNESS, companion-Educated wo man, experienced with children. 6,567, Outlook. GRADUATE of School of Domestic Science, Boston, desires position as assistant dietitian or housekeeper in institution or children's home. Address 6,574, Outlook. HEADMASTER of a New York junior school would go to California as companion FOR EXPENSES. To start December 19; return January 5. 6,548, Outlook. LADY, experienced traveler, not young but well and active, wishes to go South this/winter as companion. Address Miss A. F. Bartlett, 231 Mauran Ave., East Providence, R. I. MOTHER'S helper-Middle aged woman'of refinement; fond of children and housework. 6,562, Outlook. NEW York woman of experience desires position as house manager in club house or private home. References. 6,570, Outlook. NURSE, capable, refined, desires position with invalid. Excellent recommendations. Willing to travel or go country. 6,549, Outlook. NURSE, middle aged, refined, experienced (attendant training), wishes chronic case. 6,561, Outlook. PRACTICAL dietitian wishes position after January 1. 6,565, Outlook. PURCHASING agent.-American man of integrity and experience desires position. Is capable, efficient, and keen. Can furnish exceptional references. 6,559, Outlook. REFINED Protestant woman desires position as companion. Able to manage household, do shopping, correspondence. Will travel. Best references. Address K. M., 58 Bainbridge St., Brooklyn, N. Y. SEVERAL trained and experienced re ligious workers for better-class positions. Executive Service Corporation (Agency), 1515 Pershing Square Building, New York. WOMAN of education and refinement as house manager in motherless home. Country preferred. References exchanged. 6,556, Outlook. YOUNG woman wishes the care of home and motherless children. Great experience. 6,569, Outlook. MISCELLANEOUS TO young women desiring training in the care of obstetrical patients a six months' nurses' aid course is offered by the Lying-In Hospital. 307 Second Ave., New York. Aids are provided with maintenance and given a monthly allowance of $10. For further particulars address Directress of Nurses. UNUSUALLY comfortable accommodations offered a nervous or convalescent patient in doctor's own home. Finest medical attention, under own physician's direction if desired. Further particulars and references furnished on request. S. Mary Ives, M.D., 230 Washington St., Middletown, Conn. DAILY BIBLE READINGS are outlined on SCRIPTURE UNION cards. Five cents annually. For free sample write Miss Agnes Alexander, 1 West 72d St., New York City. WANTED-Baby of two years or younger to care for in private New Jersey home. 6,557, Outlook. WANTED-Paying guest, or man and wife. Attractive home with all conveniences, select neighborhood in Flushing, Long Island. 6,560, Outlook. TRAINED nurse, graduate of Presbyterian Hospital, New York City, will take a limited number of infants and small children in her country home. Individual care given. Six years' experience. Rates reasonable. References exchanged. Elizabeth T. Gordon, R. N., Mountainville, N. Y. EXPERIENCED trained nurse with pleasant Long Island home will board backward child needing special care. Terms reasonable. 6,564, Outlook. "In filling vacancies on our great staf, our advertizing in different mediums has convinst us that we uniformly reacht a distinctly hyer clas of applicants thru The Outlook. It clearly goes to the best families and is red by those with hyer ideals.” This is a letter from the president of one of the most exclusive resort clubs in the country, who is a strong advocate of simplified spelling and of a simplified way to secure fine help. This gentleman finds that the HELP WANTED column of The Outlook offers an introduction to the most desirable applicants. So will you! The rate for HELP WANTED advertisements is 10c a word, in- Department of Classified Advertising The Outlook, 120 East 16th Street, New York glance, and stared disconsolately at the gutter. I said, "Kid, what's wrong?" There is more than one way of asking a question. He replied, "I don't want there to be nothin' wrong." So for two hours we had what sailors call a gam, and he told me all about it. He was just the right age for a sea apprentice in the days when I was young. He did not know that there was such a thing as a shipmate in the world, a shipmate being what you would call a friend; didn't know that there was any one to understand or respect him the least little bit. Next day when the marshal asked, "Have ye seen that thar Dodson boy?" I said, "No." There are two ways of telling the truth to some people. Speaking of sea apprentices brings to mind a tale I used to tell to Y men when I was in the Army Y. It shocked them. I meant it to do so. It was shocking in more ways than one. Three young apprentices, strolling uptown together one evening, came to and dropped in at a place called the "Seaman's Bethel." They were just ashore from four months at sea. There was some hymn singing, which was all right, though less attractive than "That's the Way We'll Pay Paddy Doyle for His Boots," sung while rolling up the mainsail in a busting snowy blow. There was a deal of praying for the souls of young sailors. This was interesting in a way, because they'd done the best they knew, coming round old Cape Stiff in winter, with never a thought of shirking at the frozen ropes. They'd overheard the skipper of another ship say to their skipper, "I wish I had your apprentices," and had heard their own old skipper answer, "I guess you do. You ain't the only one." After the praying there were doughnuts and coffee. Two pretty girls handed the trays round. That was quite all right. You never ate moldy ship's biscuit, did you? Or salt horse with the green on the rind? Then came the grand finale. The two pretty girls came to us with little cards to sign, a card for each-what was known as "signing the pledge." It was useless for us to explain that we were not drunkards. The more we tried to do so, the sweeter they smiled, the more persistent they were. "Please sign it," they said. We did. We bade the "Bethel" a good-evening, went out to the street, and drank to the health of the pledge. We had bowed the knee in the house of Rimmon. In writing to the above advertisers, please mention The Outlook |