Jasper County Democrat, Volume 23, Number 33, Rensselaer, Jasper County, 21 July 1920 — OUR ADVISE IS “DON’T BITE” [ARTICLE]

OUR ADVISE IS “DON’T BITE”

On Any of These Stock Promotion Schemes, So Plentiful Now. Hundreds of thousands of dollars have been paid out in Rensselaer and Jasper county no doubt ■in the past 20 years for “stock” in various manufacturing and other enterprises where big dividends were promised by the urbane stock salesmen, and it Is not probable that one per cent of all this money has ever been paid back to any of the purchasers of this "gilt edged” stock. Practically all of the purchasers have never got back a red cent , • If an enterprise Is a “good thing” It is not difficult to interest plenty of capitalists who are looking for just that sort of investment, and it is not necessary for the promoters to send high-salaried stock salesmen out through the country in search of easy marks. These slick promoters can make everything appear very rosy on paper, but even with real legitimate enterprises, to a large extent at least, there is always a clause in the contract by which those on the Inside can freeze out the honest investor by paying him back his money after a short term of years, if the enterprise proves to be a moneymaker, and if it doesn’t he has simply furnished the funds for the other fellow to experiment on. It is a "heads I win, tails you lose” game, and the man or woman who steers clear of all these schemes will be money ahead. Some of these days Indiana is going to have a “blue sky” law to protect its people from these worthless stock promotion schemes, and until that time at least the best pkpa is to shun ’em all.