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
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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
«