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About Vernonia eagle. (Vernonia, Or.) 1922-1974 | View Entire Issue (April 23, 1926)
Biggest Littie City in Oregon EXPOSES WILES OF FAKE STOCK SALESMEN AND PROMOTERS Latest Methods of Confidence Men Described by American Bankers Association Official — Declares That Shrewder Schemes Than Ever Before Are g Taking Peoples’ Savings. i By W. R. MOREHOUSE, Public Relation* Commission, American Banker* Association. ARTICLE NO. I UCH of the distress of many people in America today is due, riot to the fact that they have not had an opportu nity to earn and save money, but to the fact that they have their savings in fraudulent schemes of one kind or another. Many a widow is in financial diffi culty not because she was left penniless by her husband but because she lost her inheritance by investing it in “gold bricks.” Many a bank de positor who once carried a fine balance is penni less today not because he did not know how to save but because he did not know how to invest. " Perhaps if I relate some wild-cat promotions that give an insight into the activities of invest ment sharks it will quicken a relentless determi nation to provide depositors with much needed W. R. MorehouM advice in investment matters. I have come in per sonal contact with many cases, some of them al most unbelievable because of the very crookedness of the schemes to defraud,’yet thousands of our hard-working savers have been led to invest,their savings in these promotions. In giving the high M lights ot certain cases I am not draw ing on my imagination in the least, nor am I relying ou hearsay, but giv ing first-hand information. Unbelievable but True Many millions of dollars have been lost tn oil. The sum is staggering. Into ever corner, of the United States th* malls carry high-powered sales talk of great riches to be made in oil Carried away by these promises, de posltors quietly withdraw funds from their banks and send them on to wild- cat speculators, Not one out ot a hun- dred has ever recovered the money be Invested. Still wild-cat promotions continue to flourish, with a new crop of victims coming up to take the place of those who are forced out of the excitedly back to the derrick, wrench in hand. “We have drilled to the 'Bell' sand!" the lecturer shouts, bringing cheers from every high-pressure salesman, foUowed by a chorus of voices from 'We can the surprised audience, bring in a 5,000 barrel well if we care go deeper to to, but if we the ‘Meyer” sand we can get a 12,000 b a r r e 1 well!" he adds, “Go on deeper! Go VBRWM1A • »»»UM««» JUST ..A. LITTLE .. BIT .OF < i *+♦+♦♦ M......... 1111 »♦♦♦»♦♦♦♦ Build or buy your own home and you’ll always be glad you did. You don’t have to pay rent, nor move, •» nor put up with inconveniences, an,j you will get a lot of satisfac- tion out of being your own landlord. I trade with the fellows who ad vertise, because they always give their best in service and value. I trade with them because their ads bring busniess to town, not only for them, but for all of us. 1 trade lost with them because they deserve it. One of the sure-fire methods of promoting local prosperity is the prompt payment of bills—money travels in circles in this town, so the money you pay out will soou come back from those who owe you —so if you owe anybody, send ’em a check and make them feel good. Ever notice a wood-pecker rap- ping on a tin roof? He isn’t doing any good and he knows it, He just enjoys the noise. Why is the tjwn's knockers like a wood pecker rap- ping on a tin roof? Trying to bring in new factories is good boosting stuff, but remem ber that an aggressive and intelli- gent attempt to bring trade to our town from our surrounding terri tory will bring more dollars to our cash registers while we . re waiting for the factories to com “Take home some ,.jwers or a box of candy to your wife tonight, Mr. Man, and show her that you still love her. If the shock does not kill her, she will sure appreciate your little thoughtfulness. One thing small cities often neg lect is public parks, where folks can congregate sociably and children may play safely. Every town needs a park and parks pay big dividends in health and in happiness too. EAGLE A FUw Home > Day BUSINESS IS SAFE. When you shake hands with your competitor and mean it—when you can work hard in your business and love it—then business is safe. When you advertise service and give it—when you can build reputa tion and keep it—then business is safe. When you can sense competition and not knock it—when you can fight competition and still boost it—then business is safe. When you can meet opportunity and know it—and aim for what is right and they pray for it—then business is safe.—Wisconsin Press “Howler.” Fires Burning,” and a *25,200 ware house a block away went up in smoke. Next day at Lake Fola, while band poured forth the strains “Red Hot Mamma” fire broke out in a private hospital just across the lake Fire Chief Alfred Sadler las warned the leader to refrain from playing any more musical hot stuff. ---------- 4---------- A lady came into my office yester day and asked me “What is correct in cards for calling." I told her It all depended upon how lucky she was Four aces are sure, and four kings are generally pretty sure.—ex. ------- *------- With his head pillowed against a corner of the cement box, an Atlan* ta, Georgia, man went to sleep in s mortar of fresh concrete. He awoke encased in stone and it was neces sary for him to visit a hospital to have the covering removed under the directions of surgeons. 3J nit in r “TJnòinllr” ------ «------ APRIL 23, 1926 MUTTERINGS Cultivate a good memory. Good nature is good business. Everybody can help somebody else Lost tempers sometimes result in lost jobs. Life is too short for grudges and revenge. Keep your thoughts in pleasant channels. Any man who thinks he has a chance is correct. Life’s richest rewards come from unselfish service. The most successful substitute for brains is silence. A good time really consists of ser vices, success and happiness. The success of the party is judged by the cars that stand out in front. Some people can’t use thei- own! advice because they give it all to I others. The one creditor no man ever pays in full is the woman to whom he owes everything. To achieve what the world calls success a man must attenj strictly to business and keep a little in ad vance of the times. ---------- *---------- HOT STUFF. PART I Selections High School Band Style Show------ 1620, Margaret Shipley; 1776, Eva Cummings; 1860, Cierna Miller; 1885, Opal Hall; 1900, Louise Scl.midlin; 1905, Theresa Bays; 1910, Cornelia Smith; 1915, Anna Rea Webster; 1920, Orlene Counts; 1922, Gladys Krinick; 1924. Lora Smith; 1926, Sheila Williams; 1928, Ida Turner. Cornet Solo Ralph Reithner Scotish Lassies-,----- Betty Culver, LaVelle Gosa, Velma Hartzog, Frances Lappe The Family Album .................................................................................. Lora Smith Duet ..................................................................... Orleme Counts, Eva Cummings “Dartin’ Clemantine”------ Dane Brady, Glen Hawkin', Wm. Hill, Harry Hixon A Bit of Professionalism.............................................Lillian Blankenship & Co. PART II “A SCHEME THAT FAILED”— Paul Jennings ...................... .......... Russell Mills Edith Jennings, his wife ... Annie Laurie Laird Fanny Jennings, his sister ......... Clcma Miller A rather clever story is going the: Victor Craven .................... ... Dudley Spencer rounds concerning the municipal Mrs. Craven, his mother ... Anna Rea Webster band of Palm Beach, Fla. Just how true it is we can not vouch but we pass it along for what it is worth: PART III Last year while the band was playing “There’ll be a Hot Time in HOT DOGS, COFFEE AND ICE CREAM! the Old Town Tonight,” the Breaker EAT !—EAT ! !—EAT ! I ! hotel took fire and burned to the ground. i The Junior class wishes to thank everyone for their help and co- A few days ago at Orlando the operation, especially are they grateful to Miss Leach, Miss Goodin, and band struck up “Keep the Home Miss McDonalj for assistance. Just a word of advice to our young folks—don’t settle down for life in the first soft spot you see— make an effort—get an education— fit yourself for some remunerative occupation—amj some day you will on down!” shout the salesmen al- reap the rewards of your fore most in unison, fol thought and self denial. lowed by cheers Let’s quit modning about how' from the listeners. The zero hour is awful the young folks are ,and act at hand. The time more human toward them! They’re has come for the not bad; just young! And any faults high-pressure art ists to sign up the they probably acquired from watch Yes, I like the listeners for units. ing us old folks! The salesmen “hit kiddies, bless them! Prom while the iron la American Teamwork is what puts a town hot.” Nearly every Bunkers Association listener is signed over—we c..-- do more for our town Journal * up. Th, .'v who Ly worki.-g together—that’s why I The Fake Oil Stock Sale Was Opened With Prayer hesltat* are 'orgot- am for Chambers of Commerce and ten only momenta ruanlng because they have already lost | rily, for the tables are brought in and Commercial Clubs— and if they their savings. the big free lunch made ready. As make big plans and cannot always Listen to this one! It is a typical all sit down at least one salesman is succeed, I am for them because they case. A tract of land, lust ordinary at every table. The work cut out try—yes, sir! land, nothing about it to indicate I for him is to sign up the few ,vho there is oil beneath the surface. Al, ' escaped the first 'pulling ot the net." Don't go grumping around with a oil rig. a few tools, half a dozer, and you may take my word for it sour expression! The most popular strings of pipe ar* close at hand. A few escape. large show tent filled with chairs that One by one these old people, under man in our town will tell you it's a will seat several hundred people. It the spell of being rushed into the deal, nice day when it’s raining cats and is 10 a. m. The sun is «Vining bright pay over their cash, sign notes or turn dogs, because every day is a nice ly, and it is a glorious day. over good securities for units In the day to him. Presently several large busses draw ' "A-A” Oil Company. up leaded with people ranging In age This picture of an oil speculation Smile easily—laugh readily—radi from fifty years to eighty. A corps of, may seem too crooked to be true, but ate cheer—be optimistic—be a good high-pressure salesmen rush out to ■ it is a real story of how thousands of great the sirrivala and to assure them savings depositors, all past the age of fellow—criticize nobody—do these that they are most welcome to what ' fifty, lost over half a million dollars. things and you will be popular,' will be tbil-- next great oil city ot; This story is one of many hundreds whether you have any money or not I America. The aged and feeble mind ! that might be told, all of which have Sure, I wear snappy clothes, go to f I ed are tenderly conducted to com j ended di urtrously for millions of in fortable chairs under the big tent I vestors. prize fights, read all the comic sup- In plain view of those sealed as they (Article It will reveal further fraudu liments, and everything. Do you lent schemes for robbing workers of peer out through the flap of the tent their savings.) suppose I want my kid to grow up stands majestically the oil rig spat and think his Dad is an ’Old Foggy.’ Ared with crude oil and nearby Is the big oil sump also filled with oil. j Truth and Adveri’sing Yes, an automobile is an expen Through an ingenious circulating sys Have Made America Great sive luxury, but we will be a long tom ell from the sump flows into the j well and back into the sump through time dead, so why not have a li’l Truth in news columns and adver a pipe in full view. tising Is the foundation of America's fun while we can enjoy things? Lots Religious Revival Method* prosperity, Melvin A. Traylor. Second of folks who put off their good time* Presently the official lecturer calls Vice President American Banker* too long will agree with me. the meeting to order. The impression h* create* is that ho is either a min Association, recently said, adding: Ordering articles from a book, “Continuance of our prosperity rests later er has studied for th* ministry. paying cash before you see the stuff chiefly upon continuation of the great He opens the meeting with prayer for th* success of the venture in oil. After est of all cause* for our present good waiting weeks until freight or ex prayer this sanctimonious gentleman times—truth in news columns, truth press or parcel post comes is not ten* bow he ha* Invested all of his over the store counters and truth in my idea of “Service!” Compare this own earnings and all of hl* children's advertising. World-wide acceptance with what you get when you buy at savings in the venture, so confident is of great discoveries and inventions, home! h* that it is to be an oil gusher and has been dne to the fact that the newe-1 papers truthfully described them and all are to-be made rich. Buy only from the fellow who He charm* his audience with hie the manufacturers truthfully adver pays taxes here! oratory. He impress** them with his ' tised them. If deceit had been the honesty. He calls their attention to' general rule, If the motto had been Our schools and churches are the oil in plain view, intimating that it ‘sell quick and let the buyer beware,” I* from the well. And while he is the public would have turned against best things we have. They have no I painting before them, figuratively the new things. I recall one particu selfish motives. The betterment of speaking, luxury and old age comforts larly large firm which three years ago mankind is their noble purpose. We if they tnvost in the "A-A” Oil Com began advertising its ware* falsely; it should that they arc well pany, th* foreman of th* rig rushes is today hopele sly bankrupt housed, amply financed, and let the "Wise advertising costs nothing. in. his clothe* spattered with crude clergy and the teachers know that oiL He Is .excited and almost out of You have only to increase the sale ot breath as he reaches the sanctlmonl- your products to the point that cover* they have our sympathy and support. —Gold Hill News ons lecturer. A few words are whi* the advertising charge to enjoy the ---------- 4---------- per*d The lecturer's face registers enlarged business without cost. Th* Many women in Danish restau grhat delight At th« npws H* tarns natural saving in overhead is extra back to his audience, a smile ot vic- profit for dividends er for further ex rant* in Copenhagsn smoke cigars. fiery on hl* face. The foreman rush«* pension." I r Season s First VERNONIA GROUNDS SUNDAY APRIL 25 at 2 P. M. VERNONIA VS. KELSO, WASHINGTON Let all Vernonia turn out for this game ADMISSION make it Peppy «