Evening Republican, Volume 18, Number 80, Rensselaer, Jasper County, 3 April 1914 — THE BUCKET SHOP [ARTICLE]

THE BUCKET SHOP

The Difference Between a Faro Bank and a National Bank. [National Crop Improvement Service.] Most people get their misinformation about the grain business through their experiences in a bucket shop. There is a smaller number of bucket shops every year, although in some states there are still a few. They have no connection with any established grain evchange. The New York Press says: “The bucket-shop keeper likes to open his office when the market high and when the public thinks,ft is going higher. The bucket-shop-ping public Is always hvLisb. It goes in on three-point margins and the bucket-shop relies on the flurries to shake the customer out. Sometimes the flurries do not happen and the market soars beyond tne limits of the bucketer's bank roll. His course is easy. He just busts. In one town in this state the same bucket-shop man went broke five times in seven years, skinning his customers each time; but every tjme he reopened they all went back to him. That is the beauty of the bucket-ship game; it attracts the mildest-mannered school of suckers in all the gambling ocean.”