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Ralph in The World's Work, "has ever been forced to bend its etiquette of fighting to meet such conditions as Great Britain has often encountered of late. When the Italians were so disgracefully beaten by Menelik in the hinterland of Abyssinia they met a fairly orderly army

Guaranty Trust Co. of New York.

NASSAU, CORNER CEDAR STREET.

LONDON OFFICES-33 LOMBARD ST., E. C. 60 ST. JAMES ST., S. W.

trained to European methods. The Ger- CAPITAL, $2,000,000.

mans neither knew nor believed in any mode of fighting except by the movement of great bodies in close order, as when they won the war with France. To have engaged the Boers in that way would have been to lose men as Methuen lost his men at Belmont, Graspan, Modder and Maghersfontein; for Methuen is an oldfashioned soldier who believes the methods of Wellington are still good enough for him. He is the sort of soldier that perpetuates the old idea of 'dying for the king,' whereas your modern master of war-your Boer-believes in killing the enemy and keeping your own skin whole. Neither England nor any other nation will ever again send men to war with the absurd injunction, 'Go and die for your

SURPLUS, $4,000,000

INTEREST ALLOWED ON DEPOSITS subject to cheque or on certificate.
Acts as Trustee for Corporations, Firms and Individuals; and as Guardian, Executor and Administrator; Takes
entire charge of Real and Personal Estates; carefully selected securities offered for investment.
TRAVELERS' LETTERS OF CREDIT available in all parts of the world;

ALSO COMMERCIAL LETTERS OF CREDIT ISSUED.
DRAFTS on all parts of Great Britain, France, and Germany BOUGHT and SOLD.
WALTER G. OAKMAN, President.
GEORGE R. TURNBULL, 2d Vice-President. }
WM. C. EDWARDS, Treasurer.
E. C. HEBBARD, Secretary.

Samuel D. Babcock, George F. Baker, George S. Bowdoin, August Belmont, Frederic Cromwell,

ADRIAN ISELIN, JR., Vice-President. HENRY A. MURRAY, 3d_Vice-President. JOHN GAULT, Manager Foreign Department. F. C. HARRIMAN, Assistant Treasurer.

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London Committee: ARTHUR J. FRASER, Chairman; LEVI P. MORTON, DONALD C HALDEMAN.

country.' It is too easy to die. The real Union Trust Company A SUCCESSFUL BUSINESS EXPERIENCE

art is in killing the other chaps and living

to do it again."

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residents of Salt Lake City and valley are renumerative and safe. They borrow to build homes, bring new land under cultivation, invest in live stock, etc.

Fourteen years of success in supplying conservative capitalists with high grade first mortgage securities warrants us in soliciting correspondence from parties having money which they desire to invest in real estate securities of unquestioned safety. The charges for our services are moderate. References given. All Correspondence Promptly Answered. F. E. MCCURRIN & CO., Investment Bankers Salt Lake City, Utah.

FARM MORTGAGES

5% FARM

Iowa and Minnesota real estate. Full descriptions on application. If inter

sted write J.S. Varland, Buffalo Center, Ia. 5% to 8% WATER AND LIGHT BONDS and dividend paying stocks a specialty. Highest bank refer's. Send for list ROBT. E. STRAHORN, Spokane, Wash.

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OF NEW YORK.

80 Broadway, New York.

Capital, Surplus,

$1,000,000 6,000,000

AUTHORIZED TO ACT AS

Executor, Administrator, Guardian.
Receiver or Trustee

A LEGAL DEPOSITORY FOR MONEY. ACTS AS TRUSTEE OF MORTGAGES OF COR PORATIONS, and accepts the transfer agency and registry of stocks.

Is the Depository of Securities and Funds of Be ligious and Charitable Corporations.

ALLOWS INTEREST ON DEPOSITS, which may be made at any time, and withdrawn on five days notice, with interest for the whole time they remair with the company.

For the convenience of depositors this company also opens CURRENT ACCOUNTS, subject, in ao cordance with its rules, to check at sight, and allow Interest upon the resulting daily balances. Suck checks pass through the Clearing House. Attend specially to the

MANAGEMENT OF REAL ESTATE and to the collection and remittance of rents. It makes ample provision in its

BURGLAR AND FIRE PROOF VAULTS for the safe-keeping of securities placed in its cus tody on which it collects and remits income.

EDWARD KING, President.
CORNELIUS D. WOOD.
AUGUSTUS W. KELLEY,

VicePresidents.

J. V. B. THAYER, Secretary.
E. R. MERRITT, Assistant Secretary.
C. C. RAWLINGS, Trust Officer.

ANNUITIES.

Life Annuities, so popular for ages in Europe, are daily increasing in vogue in the United States. When guaranteed by the STRONGEST FINANCIAL INSTITUTIONS OF THE WORLD the income is so ABSOLUTELY SAFE that mental ease and comfort are assured. For particulars apply to or address BARENT H. LANE, The Equitable Life Assurance Society, 120 Broadway, New York City.

WESTERN LANDS.

If you have lands for sale, send descriptions. We sell thousands of acres and may sell yours. No sale, no charge.

SIX PER CENT NET.

Have you idle money! We can net you six per cent on sound, first mortgage security. Safe as Government bonds. 26 years experience. Highest references. For full information address, PERKINS & CO.,

LETTERS

Lawrence, Kansas.

We buy and sell Bills of Ex. change and make_cable transfers of money to Europe, Australia, and South Africa; also make Collections and is sue Commercial and Letters

OF CREDIT. of Credit for Travellers avall

able in all parts of the world. International Cheques. Certificates of Deposit.

BROWN BROS. & CO.,

No. 59 WALL STREET.

Cash Buyers for Farms

or other real estate may be found through me, no matter wliere located. Send description and price and learn my successful method for finding buyers. W. M. OSTRANDER, North American Building, Philadelphia, Pa.

OF NEARLY TWELVE YEARS More than 1,000 Satisfied Investors What more need be said of the

JOHN MULHOLLAND

6% GOLD BONDS 6%

On every $100 invested we pay 6 per cent. per annum interest, and repay the principal in ten equal payments without reducing the interest. In other words, on a hundred dollar bond

WE PAY

$3 Interest and $10 Principal

each six months for five years. Bonds are issued in amounts of $100. $200, $300, $400, $500, $1,000, and up. Coupons for Principal and Interest are made payable at bank selected by purchaser in any part of the world. Over Eight Hundred Thousand Dollars Sold.

Send for booklet. We have many bond holders, and some may be in your locality. JOHN MULHOLLAND, Room 240. Potter Building, New York

J. P. MORGAN & CO.,

WALL STREET, CORNER OF BROAD.

DOMESTIC AND FOREIGN BANKERS. Securities bought and sold on commission. Interest allowed on Deposits. Foreign Exchange, Commercial Credits, Cable Transfer 8.

Circular Letters for Travellers available in all parts of the world. DREXEL & CO., MORGAN, HARJES & CO.

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