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BORD'S PIANOS

25 per cent. discount for cash, or 14/6 per month (Second-hand 10/6 per month) on the THREE YEARS' SYSTEM.

ILLUSTRATED LIST FREE.

CHAS. STILES & CO., 40 & 42, SOUTHAMPTON ROW, HOLBORN,

PIANOS EXCHANGED.

LONDON, W.C.

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25

CH

Effingham Wilson's Publications.

HOW MONEY MAKES MONEY,

PREFACE.

THE

'HE financial puzzle of mankind is not how to make money, but how to lay it out to advantage. A man is taught a profession or trade, but it is no part of his education to learn what to do with money when he has made it, and wealth which comes to him by inheritance usually finds him equally unprepared.

It is the object of this book to set forth a plan for the employment of capital, which shall safeguard the interests of the prudent investor, while enabling him to make a maximum of profit with the minimum of risk.

The merits of this plan we leave readers to judge-first urging this practical point in its favour, that it has been successfully tested in our own experience.

8 & 9, WATERLOO PLACE, LONDON, S.W.

February 1897.

DUNCANS.

Effingham Wilson's Publications.

Theory of Foreign Exchanges.

BY THE RIGHT HON. GEO. J. GOSCHEN, M.P.
Sixteenth Edition. One Volume, 8vo. Price 6s.

Poor's Manual of the Railroads of the United States,
and Other Investment Securities.

Statements showing the Financial Condition, etc., of the United States, and of all Leading Industrial Enterprises. Statements showing the Mileage, Stocks, Bonds, Cost, Traffic, Earnings, Expenses, and Organizations of the Railroads of the United States, with a Sketch of their Rise, Progress, Influence, etc. Together with 70 Maps and an Appendix, containing a full Analysis of Debts of the United States and of the several States, published Annually. Price 425. Investment and Speculation in Stocks and Shares. Price 2s. 6d.

A Sketch of the Currency Question.

BY CLIVE CUTHBERTSON, B.A.

Price 25. net.

"An admirable resume of the controversy between monometallists and bimetallists."-Times.

A Money Market Primer and Key to the Exchanges.
Second Edition, revised. Recommended by the Council of the
Institute of Bankers. With Eighteen Full-page Diagrams.
Price 5s.

BY GEORGE CLARE.

How Money Makes Money.

BY DUNCANS.

Price 2s. 6d.

Law Relating to Literary Copyright and the Authorship and Publication of Books.

BY DANIEL CHAMIER.

Price 5s. net.

"The work may be conscientiously recommended for any one requiring a cheap and trustworthy guide."-Athenæum.

History of the Monetary Systems in the Various
States.

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