4-2 Investing and Safeguarding Capital 
With so excellent a record established it is only 
natural that the Registry guards jealously its reputation, 
and would not be willing to endanger it by selling stocks 
that it cannot control. 
While the Registry’s opponents were circulating all 
kinds of disquieting rumours among the Registry’s 
shareholders and customers, who had taken up entirely 
among them twenty-four of the Registry’s issues, 
amounting to many million pounds in value, it would 
not have been surprising if a large quantity of these 
securities had come on the market, or if, in fact, a semi 
panic in them had occurred. So satisfied, however, were 
the Registry’s customers with their investments that only 
very few of them sold, those who did so finding imme 
diate purchasers at prices which, in several instances, 
were higher than those ruling prior to the agitation. 
A more striking practical proof of the fact that a 
satisfactory market exists for the Registry’s own issues 
could not be adduced. 
“ He that questioneth much shall learn much,” said 
Bacon. If investors will question the Investment 
Registry closely and with care they will learn much, to 
their own great advantage; for the knowledge they will 
thus gain, if properly used, will prove of signal service 
to them in the conduct of that most important matter— 
the task of investing money at its best and safeguarding 
invested capital.