Democratic messenger., 1892-06-11
FAKE PROMOTERS.
A CERTAIN CLASS or MEN TO Bs
FOUND ONLY IN NEW YORK.

When was in London | stopped at
the Langham. | intended to combine
business with pleasure.
Il expected To sell few thousand of
our Irrigation Canal bonds. The day
arrived | strolled down stairs and into
the hotel office
Il was staggered TO recognize several
faces from New York in the throng.
They were faces. too, of fellows whom
had seen hanging around the cafes and
bars of lower Broadway.
They were generally seedy and seemed
To I've waiting for somebody to blow them
Off
"How they ever got to London or what
they were doing don't know. One thing
/ do know, they spoiled my game. for |
never mentioned bonds To any one during
my eight months stay
mo wonder London is suspicious
market for American investments"
Thus gentleman. just returned from
the other side, held forth on some of the
New York promoters he met in London.
This class of promoter" is peculiar
ly New York one. They make a pre-
carious living by bringing labor and
capital together.
The capital they join to labor is not
their own-far from it. With the true
spirit Of the broker. they give the benefit
of their experience and business ac-
quaintance 10 others and pocket only
their commissions.
That Is about the only thing pocketed
IN the whole transaction. except the
bitter. bitter memory of the laborer or
producer.
4 short time since Mr. Jason Idle
wild. a highly respected citizen of Paint
ed Post. came To New York.
He brought with him his latest inven-
tion. a compound centrifugal churn.
He had feeling in his simple. sub
urban mind that each and every resi-
dent Uf Fifth avenue was losing sleep
because the hired girl could not get the
SKINNED milk which IL sold 10 tiriso-
phisticated city folks TO produce the
proper anunnt of butter So he hied
himself To- this city with his churn model
packed in a dry goods ease. Visions of
untold wealth We're in his mind.
Now. if there is any one in this wide
world who can put an inventor on the
right track it IS this class of promoters. :
One of these individuals scented the
festive granger and his packing case
full Of churn. So he took him gently
In tow and piloted him right up against
capital
What Mr.. ldlewild did not learn of
controlling interests. charters. treasury
stock and other mysteries Of corporate
companies wasn't worth knowing.
After he had paid his "broker the com
missions and expenses he went home.
Df rourse he was made vice president
bf the "Cunpdtind Centrifugal Churn
company" When he struck his native.
heath again the Painted Posters con-
graduated him on his success.
His old occupation of rising with the
lark at dewy morn and gathering the
early varieties Of hen fruit seemed irk
some.
His duties as vice president of the
rhurn company did not interfere with
his regular farm work-not tn any great
extent. He was only required 10 be
vice prcsident-that was all.
But it all ended as it usually does
and the suffering citizens Of Fifth ave-
the cuntimu. their struggle with AN i'm
ferior grade Uf butter
The poor. hard worked trustee OF
somebody's estate may have tried to
knock Jay Gould out of the street But
Jay has an "anchor tied cinch" on that
particular portion of this somewhat
wicked metropolis.
Now. the trustee would not for the
world be dishonest or work any wrong
to the fathcrless or the widow. He
therefore fills up his safe with stocks
and bonds. These lie buys from the
flake promotes" for abuut fifteen dollars
per Thousand.
True. the value is hardly up to the
amount of his trust. but that is the trus-
tees business.
So he turns over To his wards as beau
tiful a lot of bonds and stock certificates
as ever escaped a junk shop.
And then the titles Alaska. Yuca-
tan and Cape Horn Railroad First Mort
gage Bonds" and the "Bungfown Water
Works Coinpany's Bonds" and others.
Who shall say il Is not Il goodly lot:
In the matter of providing purple and
fine linen wherewith they may be clothed
and food whereby they are nourished
these handlers of prodigious financial
schemes-thesc links between capital and
labor-are not in it To any great extent.
They know that the great financiers
are not given To pointed toe shoes and
strap seam covert coats.
Therefore, if their own coats are u
trifie shiny. if their trousers do have
whiskers on the bottoms, if their shoes
are rather gone at the heels and their
derbys are of the crop of three years
ago they have their example in the mas
ter minds Of finance.
Most Of these promoters" are too
strong 10 work While their wives can
keep their houses filed with boarders at
six dollars a board. why should pro
moter" bother his head about where the
staff of life is To come from:
1t sounds well for any boarding house
keeper TO inform the compiler Of vital
statistics for the city directory that her
husband is "a broker"
Again, the table talk at dinner time is
much enlivened by the brokers' descrip-
ton of ''how Jay milked the market. :
The boarders fail to grumble and fall TO
wondering why he did not dine with his
friend Jay.
One popularity of this promoter" is
his watchword, tomorrow"
Alas! for frail humanity, who believe
that ''all things come 10 him who waits. "
the promote" fails 10 bring the day for
CLOSING the deal ninetynine times out
of hundred. New York Recorder.
Keep OIcan,iers Cool.
Keep oleanders i'll cool, light cellar
or room during the winter months. wher,
the temperature is few degrees abov,
freezing point II will be found thai
plauts thus cared for blossom more freel,