The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1896-12-19
KEEP YOUR MONEY AT HOME.
TITO Result of Making Investments In Mi"iHg
Companies and i.und BoOiTs.

Numerous persons residing in our city
and State have lost thousands of dollars
by investing in "wlld cat mining and
land boom5 away from home.
Speculalions in the West have ruined
more than ono man in Wilmington ana
caused hundreds of Others to take Their
lives 1t is charged that the untlmeiy
taking off Of Pennell G. Higgins in Phil-
adclphin was owing to the collapse of the
Golden Sccptre Company. Now the dis
astrous failure Of Quigloy 81 Mullen,
wholesale grocers is attributed to the col :
lapse OF this same company.
The mining craze first struck our city
when the shares Of the Baxter Mining Co.
stock was placed on the market ana SOLD
as low us 25 cents per share and as high as
SIS per share. Then it collapsed all togeth-
er and thousands of dollars were sunk Dy
our citiZenS in this mining venture.
The Marvellous Marion was sprung on
the gullable by smooth tongued, we'll
dressed strangers sent into our midst GO
do missionary work. Those who lost sever
al thousand dollars in the marvellous Ma-
rion still have the lots and the company
bave their good money.
Then Piedmont was launched on tho
community and tho bonds and land BOOM
ed up 80 quickly that the promote saw
millions in it, There wero several thou
sand dollars made by the promoters, but
nothing for the poor, deluded persons VINO
foolishly invested in this enterprise, which
was to make millions for all who Went
into it.
More than ono failure has taken place
in our city amongst the merchants, who
so foolishly took money out OF their pusl-
ness to invest in these get-rch-quick
schemes.
The Western debenture bonds and
the mortgages at s per cent, attract
ed thousands Of dollars from the
pockets of those Of our citizens who had
money to invest. The extra two per cent
was the part that unloosened their purse
strings and lost them their snug neft egg.
the interest of which was all that some OF
the poor dcluded victims mad to live upon.
Then came the announcement that the
securities Wore worthless, which caused
humorous heart-aches and sickness, to
those whose all had been swept away.
They had made their Investments through
the persuasion of men Uhoy had every con-
fldcncc in, only to awaken to the fact that
they had been the victims OF misplaced
con tdenCe.
The latest financial scheme to fail was
that Of tho Golden Sceptre Company in
which every Republican politician in our
city who had any spare money to invest
was inveiyhed into with promise OF
big returns. The placing of the affairs of
the company in the hands Of receivers has
been the ruination of numerous Whining
tonians who foolishly put all of their sur
plus cash into IT, The men who wero
booming it had good bit to do with
per4uadin9 men to take stock in it. that
otherwise would not have thought of in
vesting in such an enterprise.
Show us the men who have made any
money in gold mines, on land booms out"
side Of our city, and we will show tho
greatest wonder that ever lived to tell tho
story afterwards. The desire to got rich
quick is one of the greatest temptations to
poor frail humanity, and it is chasing this
will o the wisp that so many of our citl-
hep