Indianapolis Times, Volume 32, Number 215, Indianapolis, Marion County, 16 January 1920 — Page 11

LIBERTY BOND .SWINDLES HERE IN THOUSANDS Brokers Tell of Schemes by Which Citizens Are Made Victims. DON’T SELL, IS ADVICE People of Indianapolis and Indiana are being swindled out of thousands of dol- ' tars worth of Liberty bonds, leading financial men of the city told a reporter for The Times today. An investigation disclosed- that all manner of schemes are being reported. Bankers advise against disposal of Liberty bonds at all. If the owner Is in need of money, they declare that he should borrow on them. If necessary to dispose of them, the Investor is advised to sell them only to responsible people, who will pay fair market prices. Ope of the chief schemes of men seek-

The reputation of this 6tore has been built upon its good service and good merchandise. You know we must make good. We must serve you in the best way, because we take all the risk in our broad guarantee (that we live up to).

Don’t Overlook This gppl|] j Opportunity Our entire line of fumed oak and and golden oak buffets at BIG $ ' f it REDUCTIONS. ~ r ~'h=r — ~ f 7 * Money Saving i 1 1 r “Liners” This Twin Bed 50c Crib blankets, plain white, colored Cl O A O borders 39* OllllG, Jf) Lj^±U $4.50 Cotton blankets, full double bed size, - , . An ,,, $12.75 Commercial wool blankets, plaid, jj j n r j c h b rown mahogany, handsomely P air . decorated, as shown, with flat mahogany SIB.OO W 00l filled comforts, sateen covers, molding. The dresser measures 42 inches ea(% h ...$13.9.> wide with 28x32-inch mirror. The chiffo--45c Filet net, 36 inches wide.... 29* robe is 36 inches wide and has the full 65c to 85c Fancy cretonne, dark and light length top drawer with compartment below, colors 49<? fitted with three sliding trays. These pieces One lot remnants',' cretonne,* fancy silks. are splendidly constructed with full dusttapestry. etc, reduced to one-fourth reg- P~”‘ construction and are fimahed maide. nlnr This. same suite can be had with full size 1 onn .a i iv i iu i t i b(>d at Regularly worth $242. 1,200 yards real cork linoleum (burlap back Samples, odd pieces and entire suites for bedand Neponset floor covering ), 6 feet wide, room, dining room and living room, all can be a square yard 87H* bought now at greatly reduced prices. Hundreds i r\nn , * . ' Y ''' ~ , “ .of thrifty buyers know what this sale has saved 1,000 yards LonETOieum Lola Seal art car- them in past seasons. Pay part now and have it pets, 9 feet wide, a square yard. . . laid away until spring. ( on Pay Less for Your The provMent housekeeper who looks forward to spring with its ever present need for new rugs will do well to pay us a visit. The only way to appreciate the unusual values offered in this sale is to come in at once and see. If you like, make a partial payment and have your rug laid away. Don’t wait. Come now.

Fine Quality Body Brussels Rugs With all the beautiful colors and patterns of Royal Wiltons, made from a high-grade worsted yarn. The new taupe and blue shades are exceptionally good for dining rooms; size 9x12 feet. /It fT January Sale / .Ovy Seamless Velvet Rugs A tightly woven rug which will stand hard wear. Only a small lot of these at this price. Size 9x12 feet. CA January price tJpOU.U The spring price on this grade will, be at least $60.00. 9x12 Axminster Rugs Suitable for living room, dining room or bedroom. The colors are in rose, tang and blues; oriental patterns taken from the finest imported rugs. The price is lower this month than the next lot for spring will be. Let us lav one awav for you. Size 9x12 p e rt Jannary . $45.00 Also in 1114x12 feet, at $57.50 If you need an office rug. we have it. Plain colors in 6x9 feet, 714x9 feet, B*4xlol/2 feet and 9x12 feet, in brown, green, taupe and gray mixeej.

Yng In acqulfo'XiSerfynjonffs’Ys^-fcr offer to buy al| .Liberty bpnds .atv par. When the investor is in- his office he agrees to buy at .par, providing thgt the seller will buy stdCk from him'.'.' fie tisuuhlly has placed a price ott the stock far above 1 market value. * Others will take bonds purchased on the partial payment plan and tell the holder that the bank or trust company he is buying the bonds from holds his partial payment on them and that if he doesn’t finish his payments the bonds will revert to the bank or trust company. The investor is falsely led tp believe that he has lost his payments. WAVE OF SPECULATION SWEEPB ALL COI'NTRV'. The wave of speculation that has hit the country since the war is commanding serious attention from bankers and financial interests ''all over the country. Indiana has no adequate blue sky Jaw. Illinois Jilts a law and Ohio has. one, though nbt as Stringent: as the Illinois statute. '' ' ■v" The result is that foils state, Sandwiched in between Ohio and Illinois, ,is the mecca for “get rich quick!’ promoters. The “blue sky” crooks make a special play for Liberty bonds. George Forrey, vice president of Breed,

Dozens of New Patterns in Royal Wilton Rugs Most of these were in the house before the last advance in price. Beautiful soft colorings in Persian, Chinese and oriental patterns. “Nothing will - beat, a good Wilton for wear.” Shown in 9x12 feet. 1114x12 feet, 1114x15 feet. The 9x12-foot size is $93.75, $105.00 up to $175.00 each. One hundred imported grass rugs, 9x12 feet $13.50 Twenty-five hit-and-miss rag rugs, Bxlo feet $12.50 Velvet rugs, size 27x54 inches $3.98 Grass rues, size 36xt2 inches $3.50 Grass rugs, size 27x54 inches $1.98 Fiber rugs, for bedrooms, size 9x 12 feet $19.50 Wiltana. velvet runners for halls— Size 27 inches by 814 feet $12.50 Size 27 inches by 12 feet $15.00 Size 27 inches by 1014 feet $14.00 Seamless Brussels rugs, size ll*4x 15 feet 4 ....... t ...$45.00 Plain color rag rugs, size 30x60 $1.98 Hit-and-miss rag rugs, size 36x72. . .$1.98

TAYLiBR CARPET CO .

Elifott 3t Harrison, recites an example of how a young man rushed into hia office to sell his Liberty bonds. When he had received payment for them he made inquiry regarding some oil stock. “Better go easy, son,” Mr. Forrey warned him. “Bring some information on the stuff back to me. I’ll look it up for you. If it is good I will tell you. Like to see you make some money.” But he never came backhand he probably lost his money. “Those fellows selling that stufT don’t like to have anybody consult a banker or security dealer,” declared Mr. Forrey. “They know their junk won’t pass. They always alibi their victim some way to keep away from any institution that looks as though it was doing business on the square. It is a shame we haven’t a ‘blue sky’ law in this stste. But believe me we are going to have one the next legislature, and a real one, too.’ Miss Blessing Fischer of the MyerKlser bank deplores the tendency of people to rush into a bank and cash their Liberty bonds the moment a financial shortage arises. “We always tell people to keep their Liberty bonds unless it is absolutely necessary to sell them.” Miss Fischer declared. “There are many times they come in here with them and T know they

January SALE y/rtiyiki Why not pay part noise and have it laid away

i.\ DIANA DAILY TIMES, FRIDAY, JANUARY'I6, 1920.

are going to put their money into some wild scheme or other, but they are always ashamed to tell us, it seems. BANKS ACCEPT LIBERTIES ON LOANS. “If they would only borrow money on them, instead of selling them. Banks will accept Liberty bonds on ninety-day loans, with the privilege of renewal. “It is really a shame that so many schemes are played to take the bonds away from people. Why don’t they wake up to the fact that they are being defrauded before It is too late?’’ “Why, one man came into the bank and told me he had bought a Liberty bond for $lO. and seemed to think it was smart to tell me. I told him he was a thief and nothing more and that instead of being proud of his purchase

Merchandise Purchased frem U 1 S. Government and Government Contractors —also surplus stocks of quality commercial merchandise . . .. .. , f- ■ ■— tA T this time when it is almost impossible a* to secure merchandise of any kind — isn’t it a big relief to know that here and now one can purchase merchandise that has /w passed the test of Government inspection at marvel- .!( ously low prices. Everything Marked in Plain Figures — All Goods as Advertised — Money Refunded Jj^y | STORE OPEN Until 10 O’clock if >M\ SATURDAY NIGHT || LJ&. \ —Here s the Overcoat for — Here’s the Overcoats , the Conservative Dresser! for the High School Boys! - * U. S. ARMY All Wool rn U. S. ARMY 0. D. Wool (£■ CA OVERCOATS *O3! OVERCOATS *73! Redyed black (Reclaimed). m ffl Three-quarter length (Reclaimed) Hp —An opportunity yon rn not afford to mi. All har —(j( yours while you can—they’re going fast! -lust the been redyed black and neatly pressed. While they last— coat all school hoys are wanting. White they last

U. S. M. M. Wool Knitted WATCH CAPS 90c (Toboggan Style) (New Goods) U. S. Army Leather Jerkins (Sleeveless Jacket) $6.75 —Made of finest soft, pliable leather, lined with heavy O. U. wool. U. S. Army (rubberized) Raincoats $7.75 (New Goods) —Finest quality—Double ventilated backs. U. S. Army (Reclaimed) Ponchos $1.75 (Raincoats) —Made of fine waterproofed material. U. S. M. M. Navy Wool Sweaters $5.50 (Jersey Style) —Made of fine warm wool yarns.

Flashlights (Liberty Lights) 60c Canvas Cover. Mail Orders Filled.

he ought to be ashamed. There are people' going around tbe city and out in the small towns buying up bonds from ignorant folks telling them they will never be paid and all manner of lies. They get the bonds for little or nothing. Something ought to be done.” Dick Miller, president of the City Trust Company, tells of a widow who was swindled' out of her bonds. “During one of tbe Liberty loan drives a woman who I know came Into our bank and wanted to know If it was safe to buy Liberty bonds,” Mr. Miller said. “Her' husband bad. Just died and she was In receipt 'of h ! s estate, which consisted of a small amount of cash in the bank and $1,200 life Insurance. “I told her to go ahead and buy them. There was nothiug in the world safer

U. S. ARMY (Reclaimed) £ *g* ♦Comforts * While they last j —Flowered and figured patterns in fancy colors. Lay in a supply for years to come. Your choice at $1.45 each. ' i U. S. Marine Corps Wool g *y C Blankets While they last —Exceptionally heavy qualities (reclaimed). Made of finest O. D v wool. Can not be duplicated elsewhere at twice this low price of $6.35. , t U. S. Marine Corps (Dungarees) & q Overalls *\*2. (New goods). The pair only —The Marines’ Bib Overalls. - Heavy qualities, double stitched. large bib, high back, full cut and roomy. A big value, the pair, SI.BO. 11. S. Army O. D. Wool Shirts s^-75 Reclaimed, Heavy Qualities, Double Sewed. U. S. Army Shirts and Drawers ggp (Reclaimed). Heavy wool, Each—- " i _ * U. S. M.M. Sailors Middy Blouses Dandy blouses for women. Made of blue flannel.

ARMY- NAVY AN □ SURPLUS STOCK STORE ' ■ •. I.••• A 14-2 W. WASH.ST. tffjfrTJMMmATfft

than a government bond. They might go a little below par on account of market tradings, but that their safety was absolute. “On the strength of my advice she bought tbe bonds, ?1,200 worth. A few days later she called me on the phone and told me she knew she had made a mistake and she had been afraid to call me, but she wanted my advice again. She had traded iser bonds for some stock In a promoter's company. “I told her that it rounded very much like she had made a mistake, all right, but If she would bring the stock down 10 the bank I would see if we could protect her in any way. She brought the stock, but it was worthless. “The company had no physical assets at fill that we could find out Which would

in any way afford stockholders protection. Promotion, blue sky, pure and simple. Since that time they have gone up the fine entirely and the promoter skipped out and the widow is oht all Per money. She will never get a penny.” ALASKA HAS TOO MUCH LAW. SEWARD, Jan. 16.—There is too much law in Alaska, one newspaper intimates, and records the fact that nine days and six nights will be required by the circuit judge to complete his calendar on schedule. .TAIL FOR TRIMMING TOTS. HONOLULU, .Tan. 16. -Chee Hoon, Chinese, is serving a year in jail because he won 33 cents from school children in a chuck-luck game.

Ricker to Talk on Auto Industry Chester S. Ricker, chairman of the technical committee on timing and scoring at the Indianapolis Motor speedway and a well-known figure in the motor engineering world, will talk on “The Debt of the Automobile to Electricity” at the meeting of the American Institute of Electrical Engineers at the Chamber of Commerce tonight. STORE STHE PIRATE SHIT.” FAIRBANKS, .Tan. 16.—'“The Plyate Ship” is the name chosen by a merchant here for his store. He sells kimonos, brassiere and kid gloves.

U. S. Army O. D. Wool LEGGINS 85c Wrapper Style. (Reclaimed) U. S. Amy Type SHOES $4.95 (fylunson Last) —Heavy type —all leather. (New Goods) >■■ ■ 1 \ U. S. Army Type SHOES $6.90 (Munson Last) —Light marching, all leather shoes. —New joods. U. S. Army Rubber Short and Hip BOOTS $3.75 (New Goods) Extra quality live rubber—the pair, $3.75. O. D. Shelter Halves “Pup” Tents $1.50 Half Tent— Whole Tent $3.00 11. S. Army Wool SOCKS 12ic (Reclaimed) —Medium Weight.

Fine Leather Watch Straps 1 Sc kch # v,.' my." ' >- HI - : Mail Orders Filled.

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