Page:Hints About Investments (1926).pdf/274

 invest outside, through some sound and trustworthy channel.

When one airs these views in the company of business men they are apt to agree and then to observe that there would not be much, if any, profit attached to solving the problem because it would mean expensive propaganda and, at best, a great deal of business in piffling amounts; moreover, that it does not seem to be anybody in particular's job.

What I should like to see would be a trust company with an absolutely undoubted Board—either formed ad hoc, or one of those already in existence—which would, along with its ordinary business, make a speciality of catering for the ignorant investor by taking his money and issuing shares (perhaps participating preference) to him.

Or one or some of the great insurance companies might take the matter up as a special line, forming a separate company or branch for this purpose. They all have a body of experts on investing, but of course they have already so much to invest that they hardly know where to put it. But this special line might be helpful to them in their insurance business.

Whatever company or institution took the business up would be obliged, if it meant to deal thoroughly with the problem of the