Evening Republican, Volume 19, Number 220, Rensselaer, Jasper County, 16 September 1915 — CLAIRVOYANT’S CON GAME. [ARTICLE]

CLAIRVOYANT’S CON GAME.

New York.—The Wall street Journal says: Out on the Pacific coast there are several clairvoyants who have built up a large business giving advice on the purchases of securities. The evil has become so great that the State Corporation department has issued a circular regarding it. The circular came through a complaint being made to the state department that a clairvoyant in San Francisco sold to his clients in one year 163,000 shares of a mining stock for which he had paid 1 cent a share at prices ranging from 15 cents to 50 cents a share, declaring that by his power of "second sight” he was able to see great value in the stock. Complain was made that by recommending purchase of certain stocks these clairvoyants were violating the

blue-sky law of the state, and the circular says: “While the blue-sky law offers a considerable degree of protection to investors in securities in California, against misrepresentation and fraud, it has distinct limitations. The public may safely assume, for instance, that clairvoyants and crystal gazers, who draw on the secrets of the stare and advise credulous victims to purchase stocks, have not been licensed by the State Corporation department” The commissioner states that it has come to his knowledge that large amonnta of worthless stocks have been sold through such methods in San Francisco and other cities of the state.