THE GAZETTE-TIMES. IIEPPNER. OREGON. THURSDAY, SEPTEMBER 7. 1922.
Eastern Stockmen Trying Beef Herds
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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
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! 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
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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.
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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
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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
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