This business is strictly cash, buying for cash and selling for cash, trading in securities of strong, dividend paying corporations and going steadily forward every business day in the year.
No credit will be extended or asked.
There will be no bad debts.
No money has to be expended for plant, equipment or other costly things which figure in ordinary lines of business.
Every cent of money will keep working all the time, and such of it as is not invested will be drawing interest in a Trust Company.
There will be absolutely nothing to worry about.
When we want to buy other people are unloading. They have been frozen out and have to sell.
The more freezing out there is, the more panicky things get, the better it is for us.
There is more money to be made in one panicky day than there is in weeks of ordinary Wall Street trading.
Then, on the other hand, when everything is looking first-rate and prosperous, Wall Street is full of people who want to buy. There is where we are ready for them again.