It called its offering to the public "Thrift Notes." The prospective investor could write in to the head office of the company and secure a financial statement on the company together with an application blank to fill in and return to the company together with his check to purchase thrift notes. Any sum of $100 or more could be invested. The company, upon receipt of the check, made out a thrift note, which resembles a bond or share of stock. This note is returned to the investor as evidence of the $100 invested. It stated that the thrift note was for a term of six months and the interest rate was 6% per annum.


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