Muncie Post-Democrat, Muncie, Delaware County, 8 September 1922 — Page 3

FRIDAY, SEPTEMBER'S, 1922.

PAGE 3

SAVE SUCKERS SAYS SENANOR

He Laughs at Wild Drivers Now

Capper of Kansas Gives Some Startling Figures on Swindle Success

Says Soldiers’ Bonue Could Be Paid with Money Lost in Fake Stock.

By UNITED STATES SENATOR

ARTHUR CAPPER

Editor’s Note. Senator Arthur Capper, that fire eating) but level headed Kansas editor and leader, talks out in meeting in the following.

There are few persons in. the United Lindsay got $375,000 from her.

about $800,000 from fewer than 20 women and a half-dozen men before he was arrested. One woman had determined to have him arrested after he had taken her money, jewelry and stocks, but instead, he persuaded her to sell her valuable Chihuahua dogs to obtain more money for him. Another of his victims was Mrs. Lillian N. Duke, divorced wife of a millionaire tobacco manufacturer. She charged that

States who have saved money but have known the insidious approach of the fake stock salesman and a majority of them have fallen victim to his wiles some time or other - . Senator Capper from long and exhaustive study of the situation is in a position to explain what happens

and what is to be done.

The late P. T. Barum of circus fame is reported to have said “One is born every minute.” The word “one” is meant sucker. The saying has long been a chronic witticism. It is the general excuse for and the explanation of the IVz to 2 billion dollars loot that every year is stolen from one of our thriftest, most industrious, most desirable classes, the

small investors.

In a time of world stress, when every dollar is needed to keep legitimate industries going, when all resources are absolutely essential in restoring a war-torn world and in feeding starving millions, in such, a time this gireat America public—the fairest, most enlightened public in the world—permits this continual

It is not these rich women, and seme rich, men, whom the swindlers victimize, that concerns me. It is the great army of honest, hard-work-ing men and women who take the little family nest egg, the montey saved for a rainy day or for a home : and who, because they are honest and unsuspicious' put it in the hands of swindlers. They aren’t to blame. We’re to blame, the rest of us, farmers, bankers, ministers merchants, editors, congressmen, who sit idly by and see these gigantic frauds perpetrated year after year. Education Needed. What is the remedy—more law? No, not to a great extent. Right now the federal courts are cluttered up with 480 stock-swindling cases involving $140,011,000 and 874 persons arrested or indicted. And that is only.a small fraction of the stockswindling cases; most of them never get into court. Probably there should be a strengthening of the law here

and there.

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After two horsey had been killed by golf balls on the Lincoln park golf course In Chicago, the park authorities decided to install a tractor to dtaw the lawn mower. The second day the driver sustained a blow in the head tint' put him out or bus;ness for a while, uhd now the authorities have enclosed the driver in a wire net.

NEWS OF THE FINANCIAL AND INDUSTRIAL WORLD

What seems to be a final tormina- financing which has been conducted tion of the rail strike negotiations, 1 on a basis of stock issues has of late without successful result, has nat- ' been extremely scanty. It will be

But the greatest remedy urally -been disappointing to the mar- a wholesome development if a rea-

tne wo™-pe r m, t 3 Un S cont.nua! £. "gT VrTXtive™: KX \ Se? by it -‘svs •uni

be an active public opinion, which tion of the Goverament in maintaincan and will abplish stock swindling ing a steady movement of freight, it and wildcat financting just as effec- is reasonable to expect continuous tively as it abolished piracy and pri- improvement in operating efficiency, vateering. / with the result-that existing diffieulI have spoken chiefly of the fraud- ties, both of coal and merchandise .

lAent stock schemes. In addition movement, will gradually be smooth- c .^ s im P°sed by distrubed co ^" this class of investors annually lose ed out. The postponement of a set- i b ltlon j* a1 )^ at a tmie w J le Tj'^5 1 P en . 1 i one to two billion dollars in wildcat tlement in the anthracite field has ing a d.°PGon of a new tariff bill will

of without a cent of public expendl- investments, such as oil stocks, naturally been disagreeable, but there ! nec essitate a very considerable ture, if the money that swindlers straight-out gambles, that may be le- appears g’ood reason to think that in 1 adjustment new condisteal from small investors annually gaily honest biit which rarely have that branch of the negotiations also txons there should be a renewal of were put to that use. If the money the shadow of a chance of paying out. an early adjustment can be arrived anXH -d- v a y. 0V ?v. a ederalbonus. Adthat Americans put into fraudulent The one-half billion dollars* ofi at on some basis. I vooat ^ s c ’ f , thls legislation have restocks and bonds, wildcat and blue straight loot and the billion to two Support of Administration for Roads ' su , mea lht ' lr , e “? rt to sec H re sky ventures were turned over to billions in wildcat investments can President Harding’s promise of adoption, and the possession ot the United States treasury virtually eventually be headed off by but one support on the part of the Adminis- ‘3, nough V0 J es 111 the Upper House of all our war taxes. could be paid off +vdr,„.__orli 1 pntirm. If nnlnit. nress. i-mtinn -iw thp stpnrlv mnini-pnanpp Congress to carry it to the statute

joke. But the joke is

the sucker—it is on the great Amer-

can public’ «

The starving millions in Russia and Armenia could be taken care of with the money that Americans give to swindlers not in gambling, but for fraudulent securities that will not possibly return a penny. The soldiers’ bonus could be taken care

bonds.

Bonus Again, to the Front.

, It is an unfortunate fact that just at the juncture when business is endeavoring, to overcome the handi-

ministration toward legitimate bnsi- ! !ind finalwlal “mmurnty m an anti-

ness. The effect of it has been to stimulate belief in the future of the rails as earners, in view of the immense volume of traffic now offering to them. Judged by every test, carloadings, tonnagte and financial returns, most of !the standard rails

FOUND-MANY LOSERS are now far ahead of last year. There reiormine: . ttti. -it t i is no reason wffiy they should not L 1 • t£irih ox rciorimug Chicago—Wherr Henry LpVry ad- . t in their . dividends if they mcome cax situation a vertised that he had found a wad of sustained in the maintenance ! Purpose for which many advocates

of freight movement, Nvithout un- , the ?al . es tax have desired to see

warranted expenste in the fighting ; ^served,

of an indefensible strike. Recogjniz- I Industrial Developments, ing these facts in the case, the pub- 1 Industrial developments have ccnlic has been more than ever inclined tinned highy favorable to stock marto purchase the rails during the past j ket giains. Mexican t Petroleum’s

without burdening the people.

Fortunes Are Lost.

That figure, one-half billion dol-

lars, is given by the Federal Trade Commission as the size of the annual loot that “financiers” of the Ponzi type steal from small investors, every cent of it taken by fraud, chiefly through the sale of fraudu-

lent or worthless securities.

Thrift and industry are essential as* low as to peace and happiness. Idleness . .

and gambling promote crime and poverty. Robbing the industrious and the thrifty •» ‘drag's : -» that" class

and adds It to the shifty element bili G3 claimants at) peared and demade up of gamblers and criminals. m .t • vx „„„ Not only doe? this annual stealing of , man ^ e< J money, ^ut the right one one-half billion dollars breed crime, . has not turned up yet. it takes from the Nation’s power to | CAT , S TAIL LEA DS TO CELL produce more prosperity and more ™ , , _. x „ happiness. Wherefore, that “One is Salt Lake City, Ctoh For ,cut-

do it.

$2 GERMAN SHOES

Amsterdam.—Trade reports show that German shoes of good quality are selling in the Dutch East Indies

$2 a paiiv

bonus policy. Studies lately made of the bonus show that it is likely to run much nearer to $7,000,000,000 than to $4,000,000,000, the original minimum estimate, a^d rale taxes will undoubtedly have „o be adopted in order to provide fur it. This fact would largely preclude the use of the sales tax as a means of reforming

born every minute” has not a grain ting three inches of his cat’s tail wee k ( a fact which accounts for the | success in settling its tax dispute * 1X. T A- Z ~ ^ 4* 1 T71 P. R i R TT O W WAS SPYlf". f.O TAll TOT* - - TO •»**/» in C mvi O Cl'f’ iiri 1\/T oir i/-»o n ^Mi-vim vn w* nn 4- V* o

of humor in it. It is a senseless at tempt to laugh at tragedy, at systenmatized robbery that is more disastrous than the piracy of the 16th

Century.

In one day in February more than 200 complaints were made to the additional grand jury in New York City which was making a special investigation of the enormous business of swindling that has grown lip in New York and other cities. A majority of those complaints, it was said, were from poor losers, whining, amateur gamblers w‘ho had taken j chances, on the other fellow’s game ; and had lost. But scores of the ! complaints that day and on previous j -and on subsequent days were from j honest men and women, whose only j fault had been they were so honest ' they had no suspicion of the swin- i lers who robbed them. Cheats Are Many. In four months in New York City more than 50 brokerages firms failed, 1 Some of them probably were legiti- j mate business houses. Butj the ’ whole financial system of the country’s greatest money market had become so honeycombed with swindlers ' that when the New York district attorney began an investigation and j dozens of fake brokerage houses and bucket shops were driven out or in.*, dieted, the effect extended to legitimate firms. There is no end to the harm that swindlers do; they rob the poor and unprotected, divert capital J from honest uses and then, when belated and timid punishment arrives the innocent bystander usually gets a large share of the punishment, if not all of it. Ponzi of Boston swindling notoriety, had- hardly become acclimated to prison atmosphere, having swindled 10,000 persons by promise of 60 per cent dividends in 60 days, than another, Raymond J. Bischoff, 25 years old, began operations in Chicago. Before the lead-footd law interfered Bischoff had taken four and one-half million dollars, chiefly from wage-earner b. So #,reat was Bischoff’s harvest that his employes left him to organize financial raids of their own. Bischoff, when an awakening “investigator” became insistentl, made part payments of dividends on principal. But Leslie Harrington, a competitor, had a “superior” method. When his notes or dividends became due he induced his victims to take more notes instead of cash. Harrington and 27 others who were competitors of Bischoff, took several million dollars before they were arrested or forced to flee. High Grade Swindler. While these Chicago Ponzis were taking in millions of dollars from wqge-earners and small savers, Alfred E. Lindsay was attending funerals where he made the acquaintance of widows,and unprotected women whom he induced to advance money on get-rich schemes on the New York Stock Exchange, of which he was not a member. Lindsay got

James Carrow was sent to jail for fourteen days on a charge of cruel-

ty.

COLLEGE GIRL TELEPHONIST Clapham, Eng.—Eight hundred girl college graduates applied for

with the Mexican Government .has naturally given that stock an upward tendency, while other oils have tended to benefit in sympathy with it.

very decisive advance in some of them. The announement of a $12,000,000 issue of 6Vs per cent preferred stock by Chesapeake & Ohio

shows that the banking community 1 This tendency has been helped by the is fully aware of the improved atti-j general belief that cuts, in oil prices tude of the buying public toward , have now about reached their limit,

the post of telephone switchboard railroad securities. Except for this, ! On the other hand, there has been operator in a local laundry. Ths and the issue made by Northwestern quite decided strength in the distribuwinned gets $1,250 a year. a few rrfonths ago, the railroad tive shares, due to increasing) evid-

CHARMING SMALL HOME CAN BE BUILT AT MODERATE COST

The home illustrated and described in this article is one of fifty, the !t>xteriors and floor plans of which are pictured in a book entitled “Modern Homes,” which is published by the Southern Pine Association of New Orleans, Louisiana, for free distribution. Blueprint plans and general specifications for any of the houses shown in this book may be obtained from the Southern Pine Association at nominal cost. The general popularity of this little home makes it deserving of special notice. This plan exhibits with unusual charm the spirit of the modern American home of a moderate price. The veritable spirit of “home” and happy family life surrounds it. The exterior design is adaptable to various floor plans, but the plan shown here possesses in a large degree the chief features of comfort and economy. Study of the splendid arrangement of the rooms and the conveniences will be well repaid. This pretty home is adaptable to a small site, and is also a splendid type for investment building. The small ground area required and the

LIVING GM ‘*■“7 I3*i3

POBCH

7 WlDfc-

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economical construction cost, combined with the charm of a home design which has proved immensely popular should enable investors to make a low selling price and at the same time earn a worth-while

profit.

Depending on just how the lot faces, the bedrooms should be left just as they are or reversed. To “reverse” a plan, the reader may simply hold the plan and the photo-

graph before a mirror and the? house will be seen “reversed,” and thus it may be built to suit anyj direction of the prevailing breezes and sunshine. ) For rapid construction and economy of cost as well as for perma-, nence, the framing material shouldl be Southern Pine lumber. Tj'fiis particularly applies to the hou'se' sills, joists and studding and roof, construction and all partitions. Southern Pine interior trim is like-) wise among the newest and hand-; somest methods of trimming the/ interior of a home. This wood takes a very smooth finish and? beautiful stained or enamel effects can be easily obtained. | The flooring should be doubled, laying Southern Pine dressed and matched or plain sheathing diag-’ onally, and working over this plaW form until the entire house is fnished and then covering this rough sub-floor with light building paperj and laying the finish floor of 1x3dressed and matched rift-sawed, Southern Pine flooring which presents a most beautiful finish after it is scraped and varnished. This' is an exceedingly hard wood floor! covering. J

ence that retail trade is growing 1 able funds in the hands of country

banks which are able to get an income best by placing their spare cash ‘n the stock market. Continuation jg abundant and reasonably pricea 'Heaney for some time to come

thus sevflfci "o be assured. Marker ^'view and Outlook. ,

The market during the past week has attained a very decidedly higher

Attack of Chiggers May be Repelled by Use of Sulphur

very largely in volume. There are many indications of this tendency, and it will be accentuated by the increases in wag)3s which have lately been announced by some leading industrial corporations. A}, for the latter, they have followed a policy which is perhaps open to some question in advancing wages at this

time, since their earnings for the , level of activity, and the interest on past few months do not appear to the part of the public has been niani-

warrant the step. The market has festly greater. Many persons have Popular belief to the contrary, it’s shov/n its doubt concerning) the action been waiting for an official announce- i onl y in a figurative sense that chigtaken by adopting a hesitant attitude ment of the end of the railway strike ' K ers gl et un^er your skin. The littoward these stocks. Final announce- before entering the market, believing ! tIe kill-joys of the summer picnic in ment on the part of the President that when the close was officially an- 1 the woods are right there on the surthat he has determined to defer sub- nounced there would be a good deal face aI1 time, and it’s just because sidy legislation has been reflected in of realizing. Such reasoning ifias the y are to ° sma11 to be readily seen a downward movement of leading neglected the fact that the stock , without a magnifying glass that the shipping shares. Taking, the in- markets anticipates developments, 1 victim thinks he has been burrowed dustrial field as a whole, however, and it is a recognition of this fact into or entered by way of his pores, developments amply sustain the view that has had much to do with the | T h is is one of the new lights that the market has no more than ! maintenance of high prices. Dis- thrown upon the pest by Department anticipated improvement in business couragement over the cdntinuance Bulletin 986, Studies on the Biology which has already arrived or is on of the controversy has been natural an( i Control of Chiggers, prepared the point of making itself manifest, but has not exerted much practical b y H- E. Ewing, specialist in mites, Money and the Foreign Outlook, i e ? ec . t- Xt has been sigmificant that aa d npw issued by the United States „ n , I the .industrials as a whole have given Department of Agriculture.

While the new demands made by an even better account of themselves ^

than the carriers. The advance, however, has been orderly, and the public has not taken up speculation on the large scale. Stocks are in strong stocks. There can be no doubt that the outlook for business

ce ding for parallel reasons—financial generally is bright, and it is reasonconditions have nevertheless improv- able to assume, therefore, that evented during the past week. Great ually the stock market will work Britain has developed a better for- i toward a higher level. It must also eign trade balance which has enahl- be borne in mind, however, that the ed sterling to hold its own in spite ' advance that has taken place of late

of discouragement in Continental has been a material one, and, natur- favorable to the acquisition of chigaffairs. Our Federal Reserve state- ally, the technical position of the ppTs. When a chigger finally dement, with a portfolio of only ( market has to a certain extent been cides to attach himself, he clamps $556,000,000 on August 24 and a re- | weakened. From this, it should not down by inserting his feet under the serve of 70.8 per cent, shows no in- | be inferred that liquidation on a skin, and then the trouble begins, crease in current demand, and re- ( large scale is imminent, although I Much protection can be had from ports from the interior point to a ' occasional setbacks must be 1 joked chigger attacks by properly clothing

France upon Germany in connection with the efforts to collect reparations laims have proven so severe as to drive the mark down to a new low point—between live and six onehundredths of a cent, francs also re-

The chigger doesn’t make his presence felt at once. He first scurries about on the victim so fast that even when he is spotted under a magnifying glass it is almost impossible to catch him. Evidently, he tries to see how far he can go, for it has been determined that tight pieces of dress, such as glarters and belts, limit the altitude of operation. Almost total immunity has been secured by wearing top shoes and tightly wrapped leggins. Low shoes are particularly

continously large, surplus of avail- for, due to realizing sales.

MAJORITY OF LAFOLLETTE IS ABOVE 100,000 Anti Saloon League Endorsed All Candidates Opposed to Senator

the legs or by the appliation of repellents either directly on the skin or on the under garments. For this purpose, sulphur has been to be a sovereign remedy. Dusting the legs with sulphur has resulted in total immunity in most instances, and a similar treatment of the stockings has proved equally effective in keeping* off the mites. Infested areas may be freed of chiggers by dusting with sulphur. For this the use of 50 pounds to the acre is recommended. On lawns the use of sulphur is unnecessary, as chiggers will disappear of themselves if the grass is

kept cut short.

Chiggers can be best destroyed on humans before they become attached or very soon afterwards. After an exposure to chigger attacks the

Milwaukee, Sept. 6—Indications large majorities with the exception of

early this morning were that Senator S 0 l omon Levitan, who was leading in __ — r .

Robert M. LaFollette had been over-

whelmingly renominated in yester- cessive terms. | itching is felt. Appllicatihns of a day’s primary election over W. A. Gov. John J. Blaine led the state thick lather of soap, commercial Canfield of Waukesha, as Republican ticket, his victory being decisive over | a l co hol, or any of the lighter oils „ tt J 04. Attorney General W. J. Morgan. The , have been found to kill the larvae candidate tor United States senator vote ^289 precincts was, Blaine, : quite readily. Sulphur acts slowly,

The vote x48.328;. Morgan, 72,323, and Me- q " * • ’

Henry, 7887.

The anti-saloon league endorsed all the candidates opposed to LaFollette.

at the November election

reported from 1292 precincts out of 2523 showed 156,926 for LaFollette

and 66,043 for Ganfield.

According to the returns it appears that the people of this state endorsed the issues which LaFollette had advocated at Washington and upon which

he sought renomination. These were:j Berlin-Fraulein Irma Loesch and Opposition to the Esch-Cummins law, • Fraulein Charlotte Berman fought

GIRLS FIGHT DUEL FOR LOVE OF MARRIED MAN

Newberryism, the four power treaty and his opposition to the, policies of

President Harding.

Ganfield, who went down to defeat, was the candidate of the citizens’ Republican conference which had the backing of Senator Irvine L. Lenroot, Wisconsin junior senator. He was supported also by the anti-saloon

league.

Returns from 815 precincts show that the entire LaFollette state ticket decisively overcame its opponents by

a duel with swords over a man who made ardent love Jo both^ of them. Fraulein Loasch was seriously wounded. While she was in the hospital it was learned that the man in the case was already married and had

seven children.

but if aplied with soap and allowed several minutes to act should give

good results.

CARNIVAL, TRAGEDY Dresden.—During an ope\n-air masque carnival an unknown shot and killed* two gfirls who ridiculed his

costume.

‘PLANE FALLS INTO HOUSE Milan.—An aeroplane piloted- by Lieutenant Fornaro crashed into a house near Udine. The aviator and a woman in the house were killed.

SWORD TO PLOWS Sydney, N. S. W.—Efforts are being made to induce 2,000 British army officers, about to be retired to come to Australia and became farmers.

CLEMENCEAU CUTS EXERCISE Paris.—Owing to advancing age, ex-Premier Clemenceau has decreased the time of his daily athletic exercises from a half hour to twenty minutes.

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