HOW TO INVEST
MONEY
BY
GEORGE GARR HENRY
Vice-President Guaranty Trust Company, of New York.
FUNK & WAGNALLS COMPANY
NEW YORK AND LONDON
1908
Copyright, 1908, by
FUNK & WAGNALLS COMPANY
[Printed in the United States of America]
Published April, 1908
CONTENTS
| CHAPTER | PAGE | |
| I. | General Principles of Investment | 7 |
| II. | Railroad Mortgage Bonds | 23 |
| III. | Railroad Equipment Bonds | 40 |
| IV. | Real-Estate Mortgages | 51 |
| V. | Industrial Bonds | 63 |
| VI. | Public-Utility Bonds | 76 |
| VII. | Municipal Bonds | 91 |
| VIII. | Stocks | 100 |
| IX. | Market Movements of Securities | 108 |
PREFACE
The aim of this book is to present in clearform the simple principles of investment,and to afford the reader a working knowledgeof the various classes of securities which areavailable as investments and their relativeadaptability to different needs. The book is anoutgrowth of the writer's personal experienceas an investment banker. Most of the matterwhich is presented has appeared in the pages of"System" Magazine, through the courtesy ofwhose editors it is now rearranged and consolidatedfor publication in book form.
HOW TO INVEST MONEY
I
GENERAL PRINCIPLES OF INVESTMENT
With the immense increase in wealth inthe United States during the last decadeand its more general distribution, the problemof investment has assumed correspondinglygreater importance. As long as the averagebusiness man was an habitual borrower ofmoney and possest no private fortune outsideof his interest in his business, he was notgreatly concerned with investment problems.The surplus wealth of the country for a longtime was in the hands of financial instituti