Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1891-12-09
oh. this glorious Indian SUNNI
weather,


[Zions Herald, Boston, Dec. 2.
To not few Of our Easterr people the
Western boom has proved boomerang
The hope Of fabulous gains has come back
In the shape of partial or total loss. Many
8 mioi,tsr would be glad to get out half be
has pu. In. He may wait years and close
10 The account With zero. The West il Z
great slough, growing wider and deeper each
year and in which our Eastern people have
sunk enough to make million families com
Portable. And still the process goes on. Pool
lab ,rers, pensioners, widows, and especially
ministers, hasten to sink their small gsinl
in this bottomless pit. The losses Of those
Who have preceded them do not hinder
another res iment from marching to The
mouth of the pit AID casting in their las,
hard earned dollar. This 10 one OF the in-
fa,uations experience seems to have NO
tendency to cure. The process has been
Roipg on for . century, and the craze wal
never greater than in the last five years.
The bad hsivests Of year or two ago
brought crash. Many men on the border
went to pieces. and the little fortunes Of
Eastern money lenders collapsed. All thi.
would be cheap tuition provided only oul
man Of small means would learn that he
should never loan in the West. The slough
10 too deep, and only the man with seven
iesaue boots can safely venture down the
bank. The allurements are great, but the
peris are unspeakable. II the poor mar
put his earnings 10 the savings bank OF
irst-elass mortgages on real estate at home
he will have twice ~ much in twenty 1--we
year. as he will get from Western 10 pei
cents. The man who never psys interest Of
principal, can afford to promise ten pei
cent. and grow rich on IL; but the Eastern
mau who makes coed both interest snt
principal can i'll sfford to pay five or six
But his FIVE is better Il al the other man.
ten.
The return of good harvest has started
the boom again. Circulars are sbI Dad, ant
agents are prepared to open TO the people
Of small means rare opportunities, in which
they are assured Of preferred stock or {
chance 10 improve their fortunes at once
You must decide quickly. The chance vii
soon be gone. Beware Of all such baits
II the chance were half ss good - they
claim, there are millions Of money tina
could be used to improve il. The fac
that sharp business men Of means do moi
tout h it. should convince you tina. there i!
nothing in il for any honest man. Ii Is 1
rick OF the trade. The business whict
has to be doomed by circulsrs and sgenti
t-ampin9 about the country 10 suspicious or
the face of it. Sound business men never
invest in it. Burn your circulars sdvertis-
ing Western investme nts, and bow out po
itely, but as soon - possible, your agent
He i. serving himself rather than you.
ham, ia q and q r
in which the man Of small means, who
ventures to touch the bait, ID sure to be
taken. There are hundred reasons why
you should keep clesr Of it. Where sc
many have been bitten, you will not be
likely TO escape. In making loans West you
will be dependent upon SCENTS OF whose
integrity aud business qualifications you
know but little. You have their circulars
astounding in assurances Of business quail
ifcations and conservative business habits
with The appended recommendation Of
several unknown bankers, traders and
broker Tinded ministers. Itall looks very
well on paper; but you really know little
Of your msu or his methods. The
least scrupulous Of this class Of mer
will not hesitate to assure you that their in.
vestments are absolutely safe. In business
Of ten years they have not lost dollar OF
delayed . payment, when in fact the FIRST
interest you get on your loan is paid out OF
the agents own pocket. Perhaps the least
reliable Of these loan agents are secular. zsd
ministers. often bankrupt in fortune, and
not seldom in character. Those who pos.
sess int 'isy, usually lack business instinct
judgment and sense of honor
A man unable to manage hi:
own business successfully will moi
prove good manager for you; and one
who wears the Reverend % an advertising
card, should be credited - fraud. IT'S {
shame that 50 many ministers have beer
dabbliug in this Western loan business.
They cannot be we'll qualified for such 9
service, and to pose in that character 10 q
dece ption to the people aud will be pretty
sure to disgrace the profession. Rather lei
them engage in some honorable labor in the
field or shop.
Beware Of the boom. Do not trust your
money in the West unless you are prepared
to lose it. By his very business the agent
10 tempted TO do wrong; and If he does
wrong, YOU cannot reach him; be 10 too fat
away. He is likely to load you up With
,enth-rste loans, for the reason that on such
property be can obtain higher rates Of inter
est and larger bonuses. In loan sseots. -
Q clsss there 10 not generally virtne 20 resis,
the temptation. They take the brihe ano
sell out their customer. "But the comp pan Y
will guarantee the mortgage" Thas is
another trap. Very few Of those who guar
antee ever make good the claim. The
companv fails when crisis strives and the
guarantee 10 needed. or the Individual 10
destitute of property. The sch. is too
often . chest
whstever your rich neiRhbo's may do,
Won Who have smaii nesns, be sure to keep
clear Of Western lssns Dissrusr hem
Rus from them. The great harvests Ct
,he West, as re ssie, wiil brig the agents
Of the boomer with ra-e openings for the
small investor. Remember, the Roo m~r Il
optimistic; he examines property with =
tpy glass and estimates by futures. banking
on fsncies which no man hssh seen or eau
zee. Busines-, fose.ish'. enterprise. in
telligence, rmartnss are the eut ho uio1s
phrases on his tongue: our ancestors bad >
more expressive Ssxsn ~ord-lyirg File
OUT Of his tabernacle. Put ysur money ia
the .avings bank, 10 good home r,ortssss.
IN an osd stoekine-snyvher- rather ibso
TO Western losns, the raod-rn sbcmiaasior
u d. ISOLATION, the one ftiss rrsls NOR
terrible than 4 Kansas or Neers, ks oil NJ nd