Elmore bulletin. [volume] (Rocky Bar, Idaho) 1889-1906, 1894-01-13
FAKE PROMOTERS.
A CERTAIN CLASS or MEN TO DC
FOUND ONLY IN NEW YORK.

tho W Ater 10 London Tor . rev Weeks.
bat Lower Breadway L. Their STAN pt.E
Greand-Hsw They "operAte."
.when.i was in London stopped Mt
the Langham. intended to combine
business with pleasure.
IL expected TO sell few thousand OF
cur Irrigation Canal bonds. The day
arrived strolied down stairs and into
the hotel Office.
II was staggered to recognize several
faces from New York In the throng.
.srhcy were faces, too. Of fellows whom
had seen hanging around the cafes and
bars Of lower Broadway
"Thcy were generally seedy and seemed
to be waiting for somebody to blow them
or
"How they ever got to London OF what
they were doing don't know. One thing
I do know. they spoiled my game, for |
never mentioned bonds to any one during
my eight months stay.
mo wonder London Ii 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" lisa peculiar
ly New York one. They make 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 to 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.
A 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-
ton. compound centrifugal churn-
He had a feeling in his simple. sub.
urban mind that each and every resi-.
dent Of Fifth avenue was losing sleep
because the hired girl could not get the
SKINNED milk which Is sold to mnso.
phisticated city folks to produce the
proper amount OF butter SO he hied
himself to this city with his churn model
packed in a dry goods case. Visions Of
untold wealth were in his mind.
Now, II there Is any one in this wide
world who can put an inventor on the
right track it Is this class Of promoters
Ono 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 mp against
capital.
What Mr.. Idlewild 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.
OF course he was made vice president
of the Compound 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 th,
lark ut dewy morn and gathering the
early varieties of hen fruit seemed irk
some
His duties as vice president of the
churn company did not interfere with
his regular farm work-not to any great
extent. He was only required to b
vice president-that was all
But 1t all ended as 1t usually does
and the suffering citizens of Fifth ave.
nue continue their struggle with an In
ferior grade of butter.
The poor. hard worked trustee oi
somebody's estate may have tried ts
knock Jay Gould out OF the street Bu,
Jay has an anchor tied cinch" on thai
particular portion Of this somewhat
wicked metropolis
Now. the trustee would not for ths
world be dishonest or work any wrons
to the fatherless or the widow. II,
therefore fills up his safe with stock
and bonds. These he buys from ths
flake promoter for about fifteen dollar
| per thousand
True, the value Il hardly up to tn,
amount OF his trust. but that Ia the trus
tees business.
So he turns over 10 his wards as bean
tiful lot OF bonds and stock certificate
as ever escaped junk shop.
| And then the titles--"Alaska, Ynca
tan and Cape Horn Railroad First Mort
gage Bonds" and the "Bungtown wate
Works Company's Bonds" and others.
Who shall say II Is NIT goodly lott
In the matter OF providing purple an,
fine linen wherewith they may be clothe,
and food whereby they are nourishe,
these handlers Of prodigious tinancia
schemes-theso links between capital an,
labor-slre not in II TO any great extent
They know that the great 6nancier
are not given TO pointed toe shoes sn,
strap seam covert coats.
Therefore, IL their own coats are
trifie shiny. II their trousers do hav
whiskers on the bottoms, IL their shoe
are rather gone at the heels and thei
derbys are OF the crop OF three year
ago they have their example In the mas
ter minds Of finance
Most OF these .promoters- are TO
strong 10 work. While their wives ca
keep their houses filed with boarders a
six dollars board, why should .aprc
motern bother his head about where tn
staff Of life Is TO come frornl
It sounds well for any boarding hous
keeper to inform the compiler Of vita
statistics for the city directory that he
husband Is "a broker
Again, the table talk at dinner time !
much enlivened by the brokers descriT
ton Of show Jay milked the market
The boarders fail to grumble and fail :
wondering why he did not dine with hi
friend Jay.
One peculiarity OF this promoter