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About The gazette-times. (Heppner, Or.) 1912-1925 | View Entire Issue (Sept. 7, 1922)
THE GAZETTE-TIMES. IIEPPNER. OREGON. THURSDAY, SEPTEMBER 7. 1922. Eastern Stockmen Trying Beef Herds -ras tj oem oy J 1&! 1 -tO. J 1 ! X 1 K 1 fnciejofflt v. a P MM I dK C a X . L. MONTERESTELLI Marble and Granite Works PENDLETON, OREGON Fine Monument and Cemetery Work All parties interested in getting work in my line should get my prices and estimates before placing their orders All Work Guaranteed Eastern stockmen and breeders have discovered that their hillside forage and timber lands are ideal for beet herd development and a a result are this week staging a national beel breed show at Wilmington, Delaware 2iilllllllilillllllllllllllllllllllllllllllllllllllUIIIIIIIIIIUIlllllllllllllllllllllllllllllltt ! A. M. EDWARDS 1 WELL DRILLER f Lexington, Ore. Box 14 Uses up-to-date traction drilling outfit, equipped for all sizes of hole and depths. WRITE FOR CONTRACT AND TERMS TilllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllltlllllllUIIIIIIIIIIIIR Pioneer Employment Co. With Two Big Offices PENDLETON AND PORTLAND Is prepared to handle the business of Eastern Oregon better than ever before Our Specialties Farms, Mills, Camps, Hotels, Garages, Etc. WIRE HI SH ORDERS AT Ol'R EXPENSE Portlaaa Oflcc Peadletra OflM 14 N. Imiii St. lit . Wtkt St. Only Employment Office in Eastern Oregon with Connections in Portland The Byers Chop (Formerly SCHEMPP'S MILL) STEAM ROLLED BARLEY AND HEAT We handle Gasoline, Coal Oil and Lubricating Oil You Find Prompt and Satisfactory Service Here SAVE SUCKERS ' SAYS SENATOR Capper of Kansas Gives Startling Figures on Swindle Success PONZI CASE IS CITED HOU have been walking in the sunny fields of prosperity. Life Mk seems secure. Youth and strength are careless and forgetful. .You have spent money as you have earned it. Suddenly a flood of hard luck ft comes rolling toward you. Will you be overwhelmed by it 9 A BANK ACCOUNT IS A SAFETY ISLE. START ONE TODAY! I'cllais deposited in this brink draw interest at 4 per cwiit. They are safe dollars- busy dollars. A small Lank account serves ai an It cel. live to save, aave, Save If yon have only a amall urn pat aside, deposit it with ni today. All large fortune! had small begin ning!. The biographies of all-rich men start with their first bank account. YOUR BANK CAN HELP YOU FARMERS & STOCKGROWERS NATIONAL BANK Heppner Oregon Says Could Pay Soldiers' Bonus With Money Lost In Fake Stock By UNITED STATES SENATOR ARTHUR CAPPER. Editor's Note: Senator Arthur Cap per, that fire eating but level headed Kansas editor and leader, talks out in meeting in the following. There are few persons in the United States who have saved money but have known the insidious approach of the fake stock salesman and a majority of them have fallen victim to his wiles some time or other. Senator Capper from long and exhaustive study of the situation is in a position to explain what happens and what is to be done about it. The late P. T. Barnum of circus fame is reported to have said, "One is born every minute." The word "one" is meant sucker. The saying has long been a chronic witticism. It is the general excuse for and the explanation of the lhi to 2 billion dollars loot that every year is stolen from one of our thriftiest, most in dustrious and desirable classes, the small investors. In a time of world stress, when every dollar is needed to keep legiti mate industries going, when all re sources are absolutely essential in restoring a war-torn world and in feeding starving millions, in such a time this great American public the fairest, most enlightened public in the world permits this continual robbery and excuses it with a silly joke. But the joke is no longer on the sucker it is on the great Ameri can public. The starving millions in Russia and Armenia could be taken care of with the money that Americans give to swindlers not in gambling, but for fraudulent securities that will not possibly return a penny. The sol diers' bonus could be taken care of without a cent of public expenditure, if the money that swindlers steal from small investors annually were put to that use. If the money that Americans put into fraudulent stocks and bonds, wildcat and blue sky ven tures were turned over to the United States treasury virtually all of our war taxes could be abolished and the war debt could be paid off without burdening the public. ' Fortunes Are Lost. That figure, one-half bililon dollars, is given by the Federal Trade Com mission as the size'of the annual loot that "financiers" of hte Ponzi type steal from small investors, every cent of it taken by fraud, chiefly through the sale of fraudulent or worthless securities. Thrift and industry are essential to peace and happiness. Idleness and (rambling promote crime and poverty. Robbing the industrious and the thrifty drags that class down and adds it to the shifty element made up of gamblers and criminals. Not only doe this annual stealing of one-half billion dollars breed crime, it takes from the Nation's power to produce more prosperity and more happiness. Newest Frock Wherefore, that "one is born every minute" has not a grain of humor in it It is a senseless attempt to laugh at tragedy, at systematized robbery that is more disastrous than was the piracy of the 16th century. In one day in February mora than 200 complaints were made to the ad ditional grand jury in New York City which was making a special investi gation of the enormous business of swindling that has grown up in New York and other cities. A majority of those complaints, it was said, were from poor losers, whining, amateur gamblers who had taken chances on the other fellow's game and had lost. But scores of the complaints that day and on previous and on subse quent days were from honest men and women, whose only fa-ilt han beer uey ph- so hopes thi y lud no suspicion of the swindlers who r.ohed them. Cheats Are Many. In four months in New York City more than 50 brokerage firms failed. Seme of them probably were legiti mate business houses. But the whole financial system of the country's greatest money market had become so honeycombed with swindlers that when the New York district attorney began an investigation and dozens o.' fake brokerage houses and bucket shops were driven out or indicted, the effect extended to legitimate firms. Then is no end to the harm that swindlers do; they rob the poor and unprotected, divert capital ittm hon est uses and then, when belated and timid punishment arrives the inno cent bystander usually get a la'ge share of the punishment, if not ah of it. Ponzi, of Boston swindling noto riety, had hardly become acclimated to prison atmosphere, having swin dled 10,000 persons by promises of 50 per cent dividends in 60 days, than another, Raymond J. Bischoff, 25 years old, began operations in Chi cago. Before the lead-footed law in terfered Bischoff had taken four and one-half million dollars, chiefly from wage-earners. So great was Bischoff's harvest that his employes left him to organize financial raids of their own. Bischoff, when an awakening "in vestigator" became insistent, made part payments of dividends on prin cipal. But Leslie Harrington, a com petitor, had a "superior" method. When his notes or dividends became due he induced his victims to take more notes instead of eh. Har rington and 27 others, who were com petitors of Bischoff, took several mil lion dollars before they were arrest ed or forced to flee. High Grade Swindler. While these Chicago Ponzis were taking in millions of dollars from wage-earners and small savers, Al fred E. Lindsay was attending funer als where he made the acquaintance of widows and unprotected women whom he induced to advance money on get-rich schemes on the New York Stock Exchange, of which he was not a member, Lindsay got about $100, 000 from fewer than 20 women and a half-dozen men before he was ar rested. One woman had determined to have him arrested after he had taken her money, jewelry and stocks, but instead, he persuaded her to sell her valuable Chihuahua dogs to ob tain more money for him. Another of his victims was Mrs. Lillian N. Duke, divorced wife of a millionaire tobacco manufacturer. She charged that Lindsay got (375,000 from her. It is not these rich women and some rich men, whom the swindlers victimize, that concerns me. It Is the great army of honest, hard-working men and women who take the lit tle family nest egg, the, money saved for a rainy day or for a home, and who, because they are honest and un suspicious, put it in the hands of swindlers. They aren't to blame. We're to blame, the rest of us, farm ers, bankers, ministers, merchants, editors, congressmen, who sit idly by and see these gigantic frauds perpe trated year after year. Education Needed. What is the remedy more law? WIRELESS. In summer evenin's, calm an' still, we used to hear the whippoorwill send forth his plaintive note; we heard the twitter of the frog the baying of the old coon-dawg, th gruntin' of the shote. . . . The glory of the summer night, when cricket's chirp and skeeter's bite, lent spirit to the hour, delightful in its warp an' woof, the rain-drops on the clapboard roof, grew dreamers full of power. . . . But now, alas! The modern way commence! when we hit the hay, an' scorns the midnight bell. . . . We hear the squawks from Timbuctoo the dismal groans from Waterloo, the frenzied shrieks from hell! We gather in all noise that's made, the devilish rot of every grade broad casted through the air. . , . We tune our dingus up at night, and ketch the hymns of hate an' spite, that's let off everywhere! I used to use a poultice hot, for all the innard pains I got to draw 'em to the skin, but I aint got no keen desire fer rigs that draw without no wire, an' fetch hysterics in! No, not to a great extent. Right now the federal courts are cluttered up with 480 stock-swindling cases in volving (140,011,000 and 874 persons arrested or indicted. And that is only a small fraction of the stock swindling cases; most of them never get into court Probably there should be a strengthening of the law here and there. But the greatest remedy must come from a universal educa tional campaign. More effective na tional laws against swindling are needed, but more effective atill will be an active public opinion, which can and will abolish stock swindling and wildcat financing just as effec tively as it abolished piracy and pri vateering. I have spoken chiefly of the fraud ulent stock schemes. In addition this class of investors annually lose one to two billion dollars in wildcat in vestments, such as oil stocks, straight out gambles, that may be legally hon est but which rarely have the shadow of a chance of paying out. The one half billion dollars of straight loot and the billion or two billions in wildcat investments can eventually be headed off by but one thing edu cation. If pulpit press, government and legitimate business will under take the job, swindling as one of our profitable industries can be abolished. But law alone won't do it fifty we can look forward to aixteen years and at fifty-five, thirteen years and the bell will ring if it don't ring before. Fancy a fellow having thir teen yean to live taking time fault finding. He sleeps half the time. That cuts him down to six and a half years. Chop out holidays, Sundays, time for three a day and he'a just got time to start what he hopes to finish. Come to think of it, some of us had better quit picking on the other fellow and get busy. FOR SALE Poland -China boar, large type, 1 year old, weight 400 pounds. F. E. Mason, Lexington, Or. HOMEY PHILOSOPHY FOR 1922. Half of us don't begin to think be fore we're thirty-five. We just think we think. When we get to forty we're still fools but some of us know it We have a right to expect twenty three years of life. At forty-five we may expect to live twenty years, at WHO KNOWS BUT WHAT A 6 RAPE FRUIT IS W3T A LEACW THAT SA ITS 'CHANCE AN w Some Problems fy IevMA. MATTHEWS D.D. LL.D. When you face the world and try to do something for the benefit of mankind, you are canfronted with serious problems. How to solve them, how to eradicate the evils, and how to succeed in the work of general betterment is, of course a great task. The following problems, if solved, would bring America peace, happi ness, and prosperity. Let us solve them. FIRST Apathy. America's people love good humor. Feed them well and permit them to sleep and they will laugh through any storm and ride through any disaster. Immedi ately after the disasters of life have apparently passed, however, they set tle down into a state of apathy. That condition is today settling upon us. During the war, we preached pre paration, watchfulness, and the curb ing of all radical forces. When peace was announced, we settled back into the habit of eating, sleeping, and laughing. The "red" forces didn't sleep; the power antagonistic to good government didn't sleep. Apathy ia the enemy of preparation. America has never been ready for war, and unless we cirre apathy, we will never be ready for any battle. Every boy in America should have at least three months of military training; every young man iif America should take advantage of the Citizen's Training Camp every summer. SECOND Broken family altars. Ninety-three per cent of the homes of America are without family altars, and ninety-three per cent of the homes of the world are without fam ily altars. You cannot rear a family in an un-Godly atmosphere and give the world virtuous sons and daugh ters. Millions of our people have passed through the infamous divorce court because the family altar was not in the heme to check the march toward domestic destruction. I THIRD Sabbath desecration. Men cannot ignore the law of God which commands every man to stand atill and rest on the first day of the week. , The Sabbath desecration which is on ; the increase in this country is large j ly responsible for the confusion, the 1 chaos, and the anarchy that is ram pant in this land. Bring men back to the observance of the Holy Sab bath. . FOURTH Neglected spiritual du ties. It is the duty of every man to be in his church pew every Sunday morning, to give his child a spiritual education, to set before his family a spiritual example and to give some of his time to the spiritual work of the church. Men are neglecting their churches; they are forgetting their spiritual duties; they are omitting to pay their obligations to God. America was intended to be a land of Christian people. You can't be Christian and neglect your spiritual obligations. mini, j0Jt- irrni 1 i onmc II EeE's " use c?22lll . eTi' XW-' HI 111 L YOU "TO ARGUE. ffX cf W Jp GCA W A PROP'. ' iU. ? RA"Al8 c:LTA 1 V V l sr'u- raining! I Mwnc cA&A f 1 n " Zm howls P owl? TsM Y..,.im aYfc-a i .... -ay-H-iimi V iH ' " A corhbined kimona and circular bell sleeve, trimmed in distinctive design with white embroidery, fea ture! this new fall frock of moroc can crepe. A roll collar which opens into V neclc snd the broad end lash are also embroidered. The length well it'- back Weather Rots Unpainted Buildings Can You Afford to Rebuild in a Few Years? YOUR investment in build ings depreciates rapidly un less it is protected from the weather by paint. A rotting building is a heavy expense. It means either costly repairing or total rebuilding. Paint saves this cost Use paint now. The next question is what paint to use. Use the best It costs less in the long run. The best paint spreads easily it saves labor cost. It covers more surface per gallon than "cheap" paint And the best paint will serve you five or more years longer than "cheap" paint. So paint your buildings when they seed it and use the beat paint That's a dollar -saving policy. The heat paints art) scientific la formula and preparation. We're saads them for 73 years to meet the, weather conditions in th West The best materials PIONEER WHITE LEAD, purs linseed oil, purs tine and pure colon are combined in Fuller's Paints in scientifically ex act proportions with knftime skilL Free Advice on Painting Uk ear wa let eMte. In. HiJ. .... Aak ifce Tilkt mI6w tie, DtMttMi M W Mix aurar ias lay mW Ksam W Rabtet not rii. ah. Vaial.k.a. Silk Vuuk. Wutall. WsU rial. 1.1. IxmL Su a4 Kwf FM, Pant a.. rut. WW 1 .HIS - " rata II in a ll-rtr.H Inwr Vf tta-for-Floftn Fullers $HCmCATION House Paints Phoetnln Pur Point Pur Prpare Point Manufactured by W. P. Fuller at Co., Dept. 24, Saa Francisco Breaches a 19 Cities la Ike West r kooM ptiadas. F.Utr'i SMlScstis Bmhm Pilalt art aoU kr Um fUla Asmisi PEOPLES HARDWARE COMPANY, Phoenix Pure Paint Agent Work Clothes Work Shirts.... 85c, $1.00, $1.25, $1.50 Overalls and Jumpers. .. .$1.35 and $1.75 Work Sox 2 for 25c, 15c and 20c Harvest Shoes. $2.50, $3.00, $3.50, $4.00 B. V. D. and Union Suits .. $1 .00 and $1 .50 Khaki Pants $2.00, $2.50 and $3.00 Canvas Gloves 1 5c and 25c Leather Gloves 50c and up IN GROCERIES WE CAN FILL YOUR ORDERS, LARGE OR SMALL at Thomson Bros. -Good Printing Is Our Hobby The Gazette-Times glll"IINIIIIIIIIIIIIIIII I Illllllllllllllllllllllllllllllllllllllll IIIIIIIIIIIIU Reduced Cash Price si After August 1st, our prices will be: 1 Cleaning Pressing I $1.50 Men's Suits .75 L50 Overcoats 75 I I 1-00 Coats 50 I I .75 Pants 25 I I 1-50 Ladies Suits, plain 75 I 1.50 Coats 75 I I LOO Skirts, plain 50 1 I 1.50 Dresses, plain 75 I 1.25 up Pleated Skirts .75 up 1 1 Hats cleaned and blocked $2.00 1 I Fancy Dresses, 25 percent lower than city prices 1 I See our line of Fall and Winter Woolens at i I $30.00 $35.00 and $40.00 1 LLOYD HUTCHINSON I i Where jLEAN S 1 Ugsr 1 iiiiiiiii 1 Miiiiiiiiiiiiiiiiiiiiiiiiiiiniiiiiiiiiiiiiiii iiiiiiiiiiiiiI