Richmond Palladium (Daily), Volume 45, Number 127, 8 April 1920 — Page 2

PAGE TWO

THE RICHMOND PALLADIUM AND SUN-TELEGRAM, THURSDAY, APRIL 8, 1920.

GET-RICH-QUICK MEN ARE FATTENING . OFF OF PUBLIC

WASHINGTON, April 8. Much attention has been directed here recently to the increasingly successful activity of promoters of "blue Bky" stocks, -who seem to be thriving and taking their toll of profit from the people of the Unlte'd States, despite the efforts of the postofflce Inspectors, the department of Justice and local officials throughout the country. It is said by treasury officials that never before in the history of the country has there been such a deluge of "blue sky" stocks. Oil, silver, copper, moving pictures and other stocks of the fly-by-night character have been put on the market in wholesale quantities, and sold to an unsuspecting public despite the fact that there is little prospect that any of these investors ever will see a cent of their money asraln. i Flooding the Markets. Po bold have the "blue sky" promoters become since the recent booms in oil, metals and moving picture stocks that they are putting millions of shares of fake stocks on the market at this time, and are actually showing the nerve to advertise these Btocks directly in such newspapers as 'ill accept the advertisements. Reputable newspapers will not 'of course, accept advertisements of Mocks that are obviously fraudulent, but there are still some papers in the country that will take any advertisement that they expect to receive pay for. and in this way the promoters of fake stocks are able to reap a harvest of gold from those who believe every

thing they read, and who are not onto the ways that the promoters have of covering up and disguising the truth. One of the most common dodges recently has been for promoters to advertise that their stock is worth, for instance, 50 cents a share today, but that it will go up to 75 cents a share April 10. Frequently advertisements appear in the eastern papers, that still accept fake stock advertisements, saying that such and such a stock will go up so much April 1, so much May 1, and so on. Never Fails to Attract. The prospect of 50 or 75 per cent profit never fails to attract an ignorant class of investors, and they freely send in from $100 each and up to the stock brokers. When the time comes for the stock to go up, they usually try to sell, but they find that there is no market for the stock and while it may be worth 75 cents, as the promoters said, they can find no one to buy it at that price. There was a prominent case of that sort recently. An oil stock had been advertised at 10 cents a share and it was said that it would go to 15 cents a share April 1. The advertisements were sent out broadcast on the last days of March. Hundreds of victims "bit." at this advertisement and bought the stock, but it has been noticeable that the stock Is still offered for sale at 10 cents a share. Stocks in which there are to be sensational profits are not, of course, advertised, as any well informed person knows. The owners of such stocks

prefer to take the profits for themselves, and even if they hare no money, they can always borrow It, especially if they can show prospects of 60 per cent profits. Do Not Know This Phase But the suckers do not know this phase and they accept at face value the statements of the promoters and send in their hard earned dollars to

supply high-powered automobiles and ! other luxuries for the rapacious promoters who have the criminal Instincts of thieves and nothing more, or they would not be in the business.

i Many efforts have been made to'.

reach these promoters, but without success, in instances where they become too bold and advertise something that they do not have. Postofflce inspectors have worried

: their hearts out trying to find these

I raKe promoters, but tney usuaiiy are

unsuccessful, for the operator is suck enough to camouflage his advertisements in such a wav that he tells the

j truth on the face of it, although h&j

never tells the whole truth. Recently advertisements have appeared of a moving picture stock that has attracted attention throughout

the east. This picture company of-;

fers to sell Its stock at, for Instance, $5 a share. The stock will go to $10, this company's advertisements say. May 1. It will go to $20 June 1, and on the day that its picture is produced, which may be never, the stock will go to $40 a share. Hundreds of persons, usually the poorer class who can ill afford to lose the money, have been taken in.

Bootlegged; $100, 30 Days Henry Qreswell, arrested by a federal officer Wednesday night on the charge of illegal sale of liquor, was fined $100 and costs and sentenced to

I 30 days in jail, in city court Thursday

morning. Greswell was arrested at his lodgings, 20 South Sixth street, where raisin jack was found. Federal officers have sought him for two days.

EXPRESS COMPANY WORKS TO MAKE SERVICE BETTER Efforts to improve the standards of express service throughout the coun

try are contemplated by the American Railway Express company, which will continue for the present ta handle the business as a unit, according to local officials. Mr. Latimer said that the American Railway Express company, now operating under its own management, is gradually returning to normal conditions. It is out of the question, he said, to consider the unscrambling of the American Railway Express without greatly unsettling the whole express business. The present company is an organization which took over the .business of the seven former separate companies and consolidated their working forces into a unified operated agency of 100,000 men.

MURPHY OUTLINES . VARIED PLANS FOR COUNTY FARMERS

By VV.R. SANBORN At the meeting of Washington towlC ship farmers at Milton on Wednesday night, County Agent Murphy stated that an expert from Purdue will be in Richmond next Monday, to arrange for

a five acre corn contest, open to all the farmers In Wayne county. The Purdue man will confer with Mr. Murphy on Monday, at which time all the details of the contest will be arranged. All who are interested in taking part in this contest are requested to send in their names and addresses, or to call at the county agents office In the court house. Many Farmers Present. The members of the federation turned out liberally at Milton on Wednesday evening. The county agent was the principal speaker and he outlined the most important farm operations for this time of the year. ' It was evident that all present were interested in anything that can be done to increase the corn crop, and close attention was paid to Mr. Murphy's remarks on that subject, and to his explanation of the ear-to-the-row seed" tests. He also stated that he was planning to form corn and pig clubs among the boys and girls of the township. Mr. Murphy will visit the Washington township schools next Wednesdayynd will, on the same evening, again Address the farmers at Milton on corn culture and seed testing. Two Other Speakers Present. District farm federation representative Klein was present and devoted some time to federation topics and to the business of farming from an economic standpoint. Miss Grace King spoke Interestingly on women's club topics, a subject which appealed to the numerous ladies present. Miss King was formerly county supervisor of domestic science for Wayne and is widely known

to the ruralists, also to the women in the various county towns. Summer White House Ready (By Associated Press) WASHINGTON, April 7. Except for a little "polishing up" the summer white house at Wood's Hole, Mass., is ready for occupancy by President Wilson, Charles R. Crane, the owner, said Tuesday. Mr. Crane called to receive final instructions before sailing for China.

HENS, DO YOUR DUTY1 WASHINGTON. April 8. Eggs have been nationalized in Soviet Russia, according to a dispatch received by the Department of State. A decree apportioning the amount of eggs to be consumed in each soviet district has

been signed by Nicholal Lie nine. If the hens do their full duty all will be welL

The Prussian government sank a bore In search of coal near Merseburg to a depth of 4,834 feet.

Headaches From Slight Colds. LAXATIVE BROMO QUININE Tablets relieve the Headache by curing the Cold. A tonic laxative and germ destroyer. Look for signature of E,

. unuvco uu dux. 4c iiUTtruse-ment.

ST. ANDREW'S CONTRACT

TO BE LET NEXT WEEK Several representatives of foreign marble concerns have been in Richmond this week investigating tha alterations and decorations to be made at St.Andrew's Catholic church. The contract for the work will probably be let next week and work started in June. The aggregate cost will run into thousands of dollars. These decorations include an entire new communion rail and steps of foreign marble. The church is to be entirely re-decorated and large holy scenes painted on the nave and walls, making the church one of the most beau

tiful in the middle west. ,

SOVIET SEEKS RECOGNITION (By Associated Press) COPENHAGEN, April 8 Conversation with members of the Russian commercial delegation which has arrived here give the impression in authoritative circles that it i3 seeking political objects primarily to secure recognition of the soviet government by the United States and the allied powers.

COt7l.I NOT RK;iX TO TRI.Ii AlA, "I could not tell you all the benefits I had from the use of Foley's Honey and Tar." writes Miss Hose Florke, 209 Hawkins Ave., N. Braddock. Pa. "I had a cold In my chest and fearing it would cause pneumonia I tried Foley's Honey and Tar and It was not Ions' till I felt relieved. I hope others suffering frm severe colds will try It." Many such letters have been written about this time-tried, reliable family medicine for coughs, colds, croup, whoopins coukIi. For sale by A. G. T.uken & Co., 030 Main St. Advertisement.

903 MAIN -

903 MAIN m:Hitgt.OJ4A

Sensatiorfal Mark Down Sale

of SMART SUITS

Without doubt this sale is the most opportune offer of the season, presenting just when they are most in demand a collection of individual and exclusive Fehr suits at prices that are almost unbelievably low! Every suit is selected from the regular Fehr stock and marked down for this event. Regular $33.00, $45.00 and $50.00 Suits, now

and

$25 $30

$35

Dresses

A truly wonderful selection of dresses for street, afternoon and evening dresses. Taffeta, plain and beaded Georgette, all colors. i

$30.00 Values

19

95

$40.00 $

v aiues

25

00

Coats Sport Coats, Long Coats, the new spring shades in Silvertone, Jersey, Goldtone, Alaine Cloth, Velour, the most favorite spring models.

We Carry Stout Sizes

"We Fit Large . Women

GET RID OF "SPRIXti FEVER" If you lack energy, if you are tired and languid, if you. do not feel like exerting yourself if you lack "pep" the chances are that your bowels are slug-Rish. A Foley Cathartic Tablet is a good and wholesome physic that will rid you of biliousness, gas, bloating, Rick headache, sour stomach or other Ills that attend indigestion and constipation. They dense the bowels, sweeten the stomach and Invigorate the liver. For sale by A. G. Luken & Co., 630 Main St. Advertisement.

DR. LEE C. HOOVER

Veterinarian

Phone 1399

20 S. 12th St.

Suits Cleaned and Pressed $1.50 PEERLESS CLEANING CO 318 Main Phone 1493 . Work called for and delivered

THE FRANKLIN Air Cooled For demonstration see Geo. Worley 15-17 S. 9th St. J. B. Chapman, Dealer

Several Good Used Drop Head Sewing Machines for sale at

LACEY'S SEWING Buttons MACHINE STORE Covered 9 S. 7th. Phone 1756

For Good Dry Cleaning Phone 1072 D. Moody Welling A Good Dry Cleaner

Try Flew de Venice Cigars GEO. H. SHOFER Distributor Richmond, IndM

Phone 3240 or 3 127. For sale

by all dealers

We still have some tires at the old prices. Richmond Tire Service Cor. 11th and Main Sts.

Political Announcements Primary Election, May 4th, 1920

CIRCUIT JUDGE

WILLIAM A. BOND

Republican Candidate for Judge of Wayne Circuit Court

CHEVROLET MOTOR CARS E. W. STEINHART CO. Richmond, Ind.

CHIROPRACTORS G. C. WILCOXEN, D. C. C. H. GROCE, D. C. Phone 1603 35 S. 11th St.

CONGRESSMAN

RICHARD N. ELLIOTT Republican candidate for Congressman Sixth District

DR. R. H. CARNES DENTIST Phone 2665 Rooms 15-16 Comstock Building 1016 Main Street Open Sundays and Evenings by appointment.

A BANK FOLKS LIKE TO PATRONIZE Safety and Service DICKINSON TRUST COMPANY

Special Prices all this week or Suits, Coats, Dresses, Waists

r

JeHAJH St.

BICYCLES and TIRES

D TYPEWRITERS and

U

SUPPLIES

N DUNING'S N G

UMBRELLAS 5 and

COVERS g 43 N8th St

WASHING MACHINES LOCKS

GUARANTEED

MEN'S WORK SHOES 83.05 S4.95 $5.95 S6.50

m

New

Method Up-Stalrs

"Like a

Army Moves The Church of God"

Thirty divisions of that army - thirty denominations are moving forward in a nationwide cooperative campaign.

THE army that stands still is really retreating'. The Master's command was a forward command, "Go ye into all the World." Out of the war the churches emerged with a new sense of the urgency of that command. "We must move forward all along the line," they said, and each denomination planned its own "Forward Movement" to deepen the spiritual life of its members and equip itself with money and power. Then came the greater thought, "It is not enough for us to go forward. We must be sure .that there is no duplication of effort; that cooperation prevails; that every man and dollar "does its utmost in service. "We must go forward together So the Interchurch World Movement was formed a clearing house through which thirty denominations without sacrificing their identity in any way can cooperate . in the service of Jesus Christ.

FOR MORE than a year trained experts have been at work making a scientific survey of. the whole world, and of America county by county. The churches, for the first time in their history, have the full facts.

Finn i -I Campaign

Mighty ' MflS

They know where America is overchurched and where underchurched. They know exactly how they can cooperate in the foreign mission fields to produce the largest results in international education, inter national health and international good-will. No business man can study that survey without being impressed by the accuracy and courage with which the task has been approached.

ON THE basis of the survey, the cooperating denominations will unite in a simultaneous financial campaign in the week of April 25th. The amounts asked for are large in the aggregate ; they are small when divided among the church members of the nation smaller still when you count the whole number of men and women who love America. The average contribution to the church today is less than three cents per member per day. Think of it. Yet if each person who loves and believes in America will increase his contribution by only a few dollars, the whole amount will be easily subscribed. Will you do your share for a better America and a better world? Your chance to help is coming in the week ot April 25th.

April 25 th to May 2nd

INTERCHURCH World Movement of ESfbrth America The publication of this advertisement is made possible through the cooperation of thirty denominationm

Colonial Bldg.