The Cambria freeman. [volume] (Ebensburg, Pa.) 1867-1938, 1882-08-11
NUMBER %.
In HASTE TO BE RICH.
A BUSINESS MANS ADVICE TO UNBUsINEss-
IIKR PEOPLE.

We receive almost daily from some part of
the country one or more letters of inquiry
concerning the best methods OF gambling In
stocks. Most Of these communications in
close circular or advertisement sent to the
writers from some firm In this city Offering to
undertake the speculation in behalf of all
who will lntrust the advertiser with funds
for that purpose. These seductive missIves
are full Of promises decked in rainbow hues
For $500 deposited with us we can almost
Insure the deposItor q small fortune within
reasonable time" 1--WE have the inside
track, and can make better returns than any
other firm on the market The sum Of 500
deposited with us will often grow to $500 In
the course of q single season and larger
sums, enabling us to operate on a more lib
eral scale, are certain under our careful
manipulation to yield MANIFOLD profit to
the investor"
These and many other similar devices are
scattered broadcast through the city, and in
all the rural districts, and draw a continual
stream of offerings from those who are dupes
of their own desires to become suddenly
rich. The risk would be far more than any
reasonable person ought to encounter, IL the
invest the money thus intrusted to him to the
best advantage. The stock brokers who
manage to fairly live upon the business,
many OF them most extravagantly, and the
chances. therefore, at the very best are
against the investor, the majority OF them
must supply these resources. The bulk of
the business is taxed 10 support the entire
body Of brokers and to pay all the expenses
Of this vast machinery, and hence the money
invested as a whole is handicapped with the
lead which it must pay before It can make
an average return to the owner.
It is certain, therefore, that the money put
In by outside parties, as 1t goes first to sup
port the dealers and pay all the cost of the
establishment must suffer large aggregate
loss equivalent TO the amount. The chances.
therefore, II the whole operation were
squarely conducted, must be that each per-
son who invests will In the end draw out less
than he puts in, and thus pay bis share Of
the tribute. But the fleeing Of the simple
ones Is not left to chance. The bulk Of those
who send their money to the stock market in
the hope OF drawing prize pay more than
their regular average share Of the cost Of the
operation.
The authors Of most Of these seductive ad-
Vertisements sent out to solicit business have
no intention of dealing fairly with their cor
respondents. It is a skinning game, and is
so designed from the outset. They may pay
their victim little until they have seen the
bottom of his purse, and then they wipe out
his little store as clean as whistle. They
! expect that each patron whom they rob will
keep still for his own sake, but they leave
| him no legal redress, even if he is disposed
OF make trouble.
| II the dupes who send this money for
| gambling venture will think for a moment
what it is they undertake, they will see that
| they have really little cause to complain.
| They have gone out for wool and have come
/ home shorn, They know very well it is not
a business where it is possible for both par
| ties to any bargain to make a profit All
| that one gains the other must lose, and in ad-
| dition the loser must pay the expenses of the
! operator. II our innocent rural friend who
! grumbles so much over the " robbery" OF
| which he has been the victim, had really
| gained his desire, he would simply have rob
| bed to that amount some other wool hunter
| who had gone into the market on the same
| errand. When there is a square deal this is
| the result: one lucky fool gains what the
unluckv fool loses, less the cost Of maintain
| ing the one who throws the dice. But in the
| class OF business under the notice the enter
| prising advertiser. for the most part robs
! both the fools, and keeps the entire pools as
| his own winnings.
! There is no method by which better returns
| can be insured from this class of operations.
| The way to accumulate money is to save It,
/ not to invest it in stock gambling. There is
/ hardly wOrkingman in the country who
! does not absolutely waste, that is, spend
] for that which does him no good, money
enough to produce him competency II be
I would practice the required self-denial and
! lay it by in a savings bank intact for the ne.
| cessary term of years. It is not the earni NC
| of large sums, but the saving of smaller ones,
that lays the foundation of fortune. We
do not speak OF money as the chief good.
! There are things more desirable than for
| tune. But the only proper method of laying
/ up money is to save it from ones legitimate
earnings. To speculate with hope of gain
| ing it is to seek to appropriate the earnings
of another, with the chances in favor Of
losing ones own fleece while in search for
the other mans wool.-Neto York Journal Of
| Commerce.