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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jan 01, 1910
Page
17
Three simple words have prevented numerous errors and accidents in New England business circles. The message urges every businessman to act promptly, stating it will take only a few minutes and could avert costly consequences.
A financial brief urges investors and bankers to study a stock selling for a few cents per share. The piece notes scarce cases where such penny stocks yield lasting profits for New England investors and calls for a clear, satisfactory explanation to gain public confidence before committing funds.
The firm begins operation with one million dollars capital at par and no watered stock. Shares priced at ten cents each, financed at par with no commissions. Despite broad stockholders backing, criticism and misunderstanding arise outside the three thousand holders.
A company purchased stocks in 1907 1908 and 1909 at low prices during the panic years and thereby secured control. This move mirrors frugal individual investors who acquired assets in distress.
An offering describes a one million dollar company controlling a 112 mile standard gauge railroad and coal assets. It claims potential earnings of over eight million annually within a few years, plans for double tracking and extensions, a major water power project, and access to rich anthracite beds. The management is led by local figures and endorsed by a noted engineer, urging investment despite low share price around ten cents.
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