The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1900-01-04

co company character and reports of
business are given. but the Illustrations
are Of the rout-of-sight'' kind: they
have been reproduced in such a man.
ne- as not to be readable by the ordi-
n+ty naked eye. and hardly readable
through strong magnifying glasses. But
the intended effect was evidently TO
impress people with money to invest
who are iEnpressionable. which met
with great Auecess.
1t is claiIaed in the circular in the
reproduction OF an inspectors report
on one OF the tobacco stores that The
To1acco Company" Of North America
Wassin existence in 1895, when the
date of the charter, which was issued
at RlchmOnd, Va, is June IS. 1897, two
years later. Other figures given of
Trust business are for twenty years
back. when>in reality the concern had
been in business only four years. An
investigation of the tobacco company
Is being made by Detective Miller, of
the Miller, & Sharkey. agency, but he
believes that nothing will be found
substantial enough to raise hopes of
investors who are seeking some assets
upon which to fasten claims. A num-
ber Of pictures of stores. with the sign.
THE Tobacco Company OF North
America" over them, are presented in
the Trust circular, and Detective Mil
Ter, who says these stores are supposed
TO be located in New York and Brook
lyn. proposes to find out whether or
not they ars in existence.
Gsmblsd in Stocks on a System.
In starting off the semi-annual state
ment therrHst claimed to have a sys-
TEN which gave profits that permitted
the immense dividends. In opera
tions in the stock and grain markets
the same system is necessary" the
statement proceeds: 1T is easy to show
that every operator should make mon
ey." After a delusive explanation. the
pamphlet writer continues: With
twenty years experience, we know how
to avoid the common pitfalls. We
know how to select such operations
and movements as have natural forces
to assist them, and, consequently. re-
suit in a profit a larger number of
times than is usually to be counted
upon. Our records show that for twen-
.ty years the series of operations upon
whicT we work have resulted on the
average in pTOft in forty weeks out
of each fifty-two. We start. therefore.
with an advantage in 90 favor OF four
to one" In further eS IanatiOn of the
system" it was stated fat I'VE make
it rule to use only one-tenth our cap
ital in any one operation. We could,
therefore. stand a Joss of over three
times as great as has ever occurred in
twenty years. This is practically alb
solute safety. One result Of operations
in this manner is that the profits are
much smaller than if made by an oper-
ator willing to take all chances. He
would make ten times as mucn as we
do. but. then. his losses would wipe
him out. whereas We would continue
on indefinitely making profits. Ii is
the old story: Safety is gained by a
loss of a portion of the profits.
Figures Showing Big Profits
Then a table is presented showing in
dicated profits under the system" for
twenty years back. which profits
ranged from POS to 2S2 per cent a year.
For 1898 the profits to investors, not
withstanding the war and unsettled
conditions generally" were given as
176 per cent, while up to NOveuber
last the 1899 figures were stated as 164
per cent.
Referring to the Trust promotions,
the pamphlet gives alleged Inside stock
market facts as follows: I'VE have
been promoters of corporations for
many years, and this line of business
brings us in contact with the best ma
of stocks in this country
and the world. We thus start off with
an immense advantage over any house
who simply CANDLES on movements in
stocks. We have on our side the
of practical stock manipu
iation-a very different thing from
stock speculating. The speculator
guesses how the manipulation is going
to move the stock in which he is in
teres;ed, but the manipulation knows
what ne is going to do. He does not
tell everyone what he is going to do,
but he does usually inform few peO-
pie. who, in return, help him TO make
his manipulation successful. We are
stock manipulators. not spectators.
and if there is anything good coming
out we know il as soon as anyone, and
this information we use for the benefit
of our customers"
Money Just Poured In.