Mortality in the stamp business is said to be higher than in other lines of business. A check of the advertisers in this paper compared with those five years ago will well prove the point. If one goes back ten, twenty or thirty years, it will be difficult to find many firms that have survived the years with an unbroken business record.

One reason for the high death rate is that few stamp dealers build an organization that will continue on after them. For the most part they conduct a solitary or mom-and-pop type business. This accounts for the ending of many illustrious professional philatelic names.

We believe that a good business reputation and useful service should be continued through the years under management that has grown up with the business, and takes over as the older executive retires or passes on.