Business & Finance: Forgotten Bonds

Liquidated in Montreal last week was a rudimentary but successful investment trust called "The Company of Adventurers Trading in Forgotten Bonds (complete personal gullibility)." Original Adventurers were two young and frisky employes of the investment house of Drury & Co.: lanky, laconic John Charles Rogers and slight, sad-eyed Gordon Macfarlane Gifford. In 1935 they formed a pool with 63 others, gambled $605 on the possible appreciation of some of the lowest bonds they could find. Last week when the bonds were sold each Adventurer received $33.10 on an investment of $10. From the...

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