Richmond Palladium (Daily), Volume 45, Number 237, 14 August 1920 — Page 6
PAGE SIX
HE RICHMOND PALLADIUM AND 2SUJN-TELEGKAM, RICHMOND, IND.. SATURDAY, AUG. 14, 1920.
THE RICHMOND PALLADIUM AND SUN-TELEGRAM Published Every Evening Except Sunday by Palladium Printing Co. Palladium Building, North Ninth and Sailor Streets. Entered at the Post Office at Richmond, Indiana, aa Second-Class Mail Matter.
MEMBER OF THE ASSOCIATED PRESS
The Associated Press is exclusively entitled to the use news published herein. All rlsrhts of republication of se-
for republication of all news dispatches credited to It or
not otherwise credited in this paper, and also the local clal dispatches herein are also reserved.
The Bubble Bursts 1 The arrest of Charles Ponzi on charges of having used the mails to defraud brings to an end a hectic operation in which 40,000 investors intrusted between $15,000,000 and $20,000,000 to his keeping with the hope of making 45 or 50 per cent on their investment in a few weeks. So far as the postoffice officials have dis closed their evidence, it is apparent that Ponzi never did business in international reply coupons. The entire issue and redemption of international reply coupons throughout the postal union for the last six. years would not aggregate $500,000, one postoffice official said.
One of the amazing revelations is the fact that Ponzi gathered millions of dollars after the postoffice department last February warned the public to refrain from depositing its money with him. Either Ponzi's personality or the weakness of humanity to obtain something for nothing lured the money from the 40,000 persons who were victimized by the adroit manipulator. After publicity had been given to Ponzi's
methods, many speculators, including clerks, j f
professional men and proprietors of small busi-l nesses, bought notes from victims who stood in! line in front of Ponzi's office. They were convinced of the soundness of the scheme and hoped to reap the fortunes others were willing to pass up. The whole Ponzi incident teaches in forceful manner the impossibility of getting rich overnight. The credulous public !ost millions in a scheme that appealed to their cupidity. Few of
them investigated the proposal. They took
Ponzi's word at full value, disregarding the ad
vice of the postoffice authorities and the oft re
peated warning of bankers and financiers. When
Ponzi was raking in the millions, sound govern
ment bonds were offered at bargains, but the
intrinsic worth of these securities were unattractive to persons seeking "50 per cent in 45
days."
The lust for enormous returns on small investments within a comparatively short time seems to be insatiable here and elsewhere. Swindling schemes of all sorts have engulfed the savings of the poor and accumulations of the rich in all climes and ages. Hardly has the story of
one gigantic swindle been wfitten before another one, equally as alluring and deceptive, is launched. And, sad to say, the money to finance the deal is forthcoming quickly and easily. Legitimate enterprises are hard hit by these revelations. A sound proposition, offering only a small return on the investment, often goes begging for capital. Men and women will keep their money in a safe place, ignoring sound investments, until a swindler entices it to his coffers, from which it never returns.
Answers to Questions
L. P. M. What is the difference
between lent and loan? Loan is
properly used as a noun; thus, "I lent him (or I will lend him) the money;" "he asked me for a loan." The ex
pression, "money to loan," is correct, to loan being properly a noun (verbal) with the preposition, for, understood but not expressed. Loan for lend,
though common in the United States,
is not in approved use, except sometimes in financial language. H. S. How many Communists in Russia? Obviously a difficult question to answer with absolute assurance of finality. One authority says of 180,000,000 Russians, only 600,000 are Communists, but this minority is able to control the majority. M. L. Does the United States do
extensive trading with Australia;
VALPARAISO STUDENT i
VALPARAISO, Ind., Aug. 14 A formal charge of attempted murder was filed against Alexander DeGeorge, the Chicago student who stabbed Louis Perrissa of Cincinnati late last Sunday night, when DeGeorge is alleged to have discovered Perrissa in Mrs. DeGeorge'g apartments. Perissa is still confined in a local hospital, but will recover, physicians say. DeGeorge will base his defense, it is
claimed, on undue and unwelcome at
tentions to Mrs. DeGeorge.
BILLY SUNDAY DEDICATES
WINONA LAKE TABERNACLE
WINONA LAKE, Ind.. Aug. 14
"God gave me my reputation and I
intend to continue to give God my
services," declared the Rev. "Billy"
Sunday in explaining why he turned
down a guarantee of $1,000,000 a year
as a movie star.
FRANK McKEY NAMED AS W E EG H MAN'S RECEIVER CHICAGO, Aug. 14. Appointment
of Frank McKey as receiver for the Charles Weeghman company was announced yesterday by Referee Frank
L. Wean, following an agreement by attorneys for Weeghman and his cred itors. Weeghman will continue as manager of the chain of restaurants and the company expects to pay 100 cents on the dollar. The Hotel Sherman com
pany filed a distress warrant against Weeghman in Superior court, alleging he owed it $1,108.
it
Say It With Flowers"
LEMON'8 FLOWER 8H0P 1015 Main 8treet Phen 1093
a ...i.ii.. m it
w . , A reureseuiaLive ui one or in larg During the first quarter - of the present corporations visited the Rev. year the exports were $ 27,775 ,,000 and gu &t Wg WJ fa the imports in the United States .n thi ff
350,000. T. A. Is President John Lewis of the United Mine Workers a practical miner? He is. Readers may obtain iniwen to questions by TrrUInic the Palladium ttuektlons and AsiwfH department. Questions should be written plainly and briefly. Answers will be slven briefly.
Dinner Stories
Today's Talk By George Matthew Adams
t t THE COLLECTIVE HEART I like to see a person pick flowers. But I would rather see a large boquet of flowers picked than to see a single flower picked for the simple reason that it means combined beauty that is going to be distributed in compound variety. In this connection, I am thinking of the human being, who goes around picking flowers in the form of good traits and ideas and fine tendencies that he sees in other people applies them to himself, seeking to enlarge these things in his own heart --and then opens the door and lets them cut as a heritage to everybody. The collective heart is akin to the universal heart of the world. The man who can walk up any street of life and actually feel, sympathize with and ente into the sads and glads of whomsoever it may be, owns a collective heart. His life experience is like a circle there is no end to its helpfulness or to its influence. He it is who, though gentle
and kind to the extreme, is in the
last analysis the strong man.
The chords which string out the
impulses of the human heart are the most sensitive in the world. And yet
not everyone may play upon them
Only that one who has acquired a collective heart is able to touch music
there.
Try to make some small part of the life of everyone, your own.
in the same line of work that I am in. This gives him the idea that I think I am just as good as ho is and do not fear his competition. If this happens
often enough he may get to thinking that way himself. I do not like to receive post cards from men who are sojourning in Canada showing a hotel barroom with an "X" marking the spot where the first drink was taken. I have one chief delight, which is to go to a motion picture theater and spe my own stuff woven into titles without credit. I believe that, if people were not overestimated, there would never be any famous people. I think it is time for some seventy-year-old actresses to stop playing sixteen-year-old roles. I have figured it out that if I could get all the money that is owed me I might be able to pay half of what I owe other people. I hold that the cold-plunge-in-thp-morning stuff is all bunk. No man could take a cold plunge in a bathtub without breaking his neck. "Prohibition is a fine thing." Judge
Gary. The judge made this statement while on a boat headed for France. Some are poor because they are honest, and others because they are poor. Every city should have a slogan. Los
Angeles's slogan should be: "shake, i If we had a cup racer, we would call j
it Home Brew. Home brew goes so
fast. We have discovered a "fine housekeeping apartment" where no cooking is allowed. We are in the midst of the dirty straw hat season.
Memories of Old Days In This Paper Ten Years Ago Today
Reports compiled by the township
trustees and treasurers of school corporations of the county for the fiscal year, showed the school finances in a bad condition. It was staged that I. A. Gorman would soon establish traffic rules for Richmond. His plan was to be first, to force every vehicle to keep to the right, always; and that no vehicle be allowed to turn in the middle of the square.
An American bride went to live in that far-away American dependency, the Philippine Islands, where all household servants are native "boys." One day, just as she had finished dressing, the boy, entered the room. "Juan!" she rebuked. "You should never enter my room without knocking; you might have found me dress
ing." "Oh, no, senora," he reassured her, "I watch through the keyhole!" Judge.
A quiet man recently took his wife to call on a feminine friend. The husband sat in a rocker and smoked while the two women rattled on at a terrific rate, discussing the neighbors, fashions, suffrage, gardens, cooking, vacation plans and social gossip. After his second cigar the husband began to yawn. He listened a few minutes more, then he broke up the meeting with the exclamation: "It is time to go home now, Edith, you have started to repeat!"
same time tendering a $50,000 to clinch the deal.
check for
3SEE3SE3S
Henry J. Pohlmeyer Ora E. Stegall William A. Welfer Harry C. Downing Murray G. DeHaven Pohlmeyer, Downing & Company FUNERAL DIRECTORS
Limousine 15 N. 10th St.
Ambulance Phone 1335
BOYS' SCHOOL SUITS $7.50 to S16.50 Buy now while stocks are complete HIRSCH'S
PENCILS Wholesale and Retail BARTEL & R0HE
921 Main.
Mrs.
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"The right proportion in baking makes good bread. The right proportion in spending makes ends meet and leaves something for the bank account." .. You CAN save if you PLAN to save. This bank wants to HELP you save. Start TODAY. Second National Bank Capital Surplus, Undivided Profits Over $600,000
Complete Assortment of Auburn Spark Plugs LESLIE E. HART
1027 Main
Phone 2434
For Sale at a Bargain 1920 Pilot Sport Model Driven less than 1,000 miles. The Richmond Electric Co.
Early Fall Suits Made to Your Measure Many Patterns to Choose From LICHTENFELS In the Westcott
Sale on Tires and Tubes Richmond Tire Service Cor. 11th and Main
Good Evening By Roy K. Moulton
PERSONAL PREJUDICIES. I like hot, sultry, humid days, for on those days I feel so punk I can't ao any work. I am prepared to move to another country as soon as the fanatics impose the prohibition of tobacco upon us. I will walk away a block on the hoitest day of the year to avoid meeting a man who talks with a cigaret wabbling up and down in his mouth. I don't believe all plumbers are l?.zy or that all chorus girls are gold diggers. I never like to hoar a man knock
his home town unless it happens, to be j
the town I was Dorn in. I always speak well of a man who is
THOR
WASHING MACHINES IRONERS
Stanley Plumbing & Electric Co. 910 Main St. Phone 1286
You can Save Money at the CORNER GROCERY Corner S. W. 3rd & Main D. O. Hodgin, Prop. Phone 3141
We Save You Money on all kinds or New Furniture Weiss Furniture Store 505-13 Main St.
Suits Cleaned and Pressed $1.50 PEERLESS CLEANING CO 318 Main Phone 1493 Work called for and delivered
T7" ING'S
LASSY
Hats
$4.00, $5.00, $6.00 Formerly Progress Store 912 MAIN.
Cream
FISH! FISH! FISH! Fresh from the lakes every day. Ave. Fish Market 177 Ft. Wayne Ave. Next to Lichtenfels Meat Market Phone 1050
FURNITURE OF QUALITY FERD GROTHAUS 614-616 Main St.
DR. R. H. CARNES DENTIST Phone 2665 Rooms 15-16 Comstocl: Building 1016 Main Street Open Sundays and Evenings by appointment.
THE FRANKLIN Air cooled the practical year 'round Motor Car J. B. CHAPMAN, Dealer Arrange for demonstration at Geo. Worley Garage 15-17 S. 9th St.
You're right it pays to shop at
LAD 923
E S Main
SHOP Street
FOR BETTER VALUES
GOOD FORD TIRES S9.50 to S12.85 (New Goods Not Rebuilt Wm. F. Lee- No. 8 S. 7th St. Richmond, Ind.
Sand Q UDDEN O
Tire Shop
ERVICE
Lee Tires and Tubes, Standard Four Tires Distributor Indiana Trucks Vulcanizing, Relining, Retreading Phone 2906 17 S. 9th St.
Our Home Made Candies are as delicious as can be .made. THE KANDY SHOP 919 Main Street
HAND PAINTED BREAD BOARDS Complete with Knife Something New The Richmond Art Store 829 Main St.
The PERIDOT and SARDONYX are the birthstones for August. We have a good selection of both
DR. LEE C. HOOVER Veterinarian
Phone 1399
20 S. 12th St.
We can save you dealer's profit on a Used Piano or can trade your silent Piano for a Victrola. Our salesman, Mr. J. R. Jones, has had fifteen year's piano experience. Ilia advice Is free. Walter B. Fulghum 1000 Main St.
NOTICE! The following; paint contractors are fair and employ union men: Otto Thomas, Geo. Haner, Frank Elliott, Gib Scott, Orville Price, Farwig & Kennepohl, Pippin & Davis, C. W. Snodgrass and John Patton. ALL OTHERS ARE NON-UNION.
L.MMM'TlllSrSl 1 Bfrllfr -Mil
Paragon Batteries "Last Forever' ' WHY?
When you buy a Paragon Battery the original cost stops there. Paragon Service makes Batteries "LAST FOREVER." No need of buying a new battery no cause to have to buy one Paragon Service attends to that. ..... Investigate the Paragon learn about the service be satisfiedwith your battery, service. See us for details. iama&BSdEl&&3& Watson & Moore
1029 Main
Phone 1014
SASH
DOORS
BEAVER BOARD Lumber MATHER BROS. CO.
The Store with Prices to suit the modest pocketbook.
E2E3ES
IchffiOBct Chautauqua Season Tickets Only $2.50
ANY MERCHANT WILL SUPPLY THEM
Greatest Program Ever Offered Billy Sunday "Pussy-Foot" Johnson Gov. Hardin?: Strick. Gillilan Ex-Gov. Brumbaugh Dr. Lichliter Dr. A. W. Evans Sid. Landon Chas. A. Tindley H. C. Culbertson Evan Davies Adanac Quartette Chicago Operatic Co. Davies Comic Opera Co. Bohemian Ladies' Orchestra Hadley Concert Co. Welsh Glee Singers Miss Penick Volunteers Jubilees Magician. ... , , .
Miss Hostess Cake Has a Dollar Bill for You Beginning today MISS HOSTESS CAKE will give away to the people of Richmond a crisp, new ONE DOLLAR BILL providing she finds in your home a box of HOSTESS CAKE. MISS HOSTESS CAKE has made thousands of friends in her many visits to many cities introducing HOSTESS CAKES into American homes. HOSTESS CAKE is sold by your grocer and you can get this delicious cake by leaving an order for it. BE SURE TO TRY THIS CAKE. MISS HOSTESS CAKE will make many calls upon the people of Richmond, and every home where she finds a box of HOSTESS CAKE she will leave a crisp new ONE DOLLAR BILL. All you have to do when MISS HOSTESS CAKE calls is to show her a box of HOSTESS CAKE. . Today, ask your grocer for HOSTESS CAKE. You may be one of those to get the DOLLAR BILL.
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