Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1902-07-02
Good Advice.
tMarshalltown Times,Republican

lMarshalltown Times-Republican,)
The developments of the sensational
Balliett trial In Des Moines illustrate
well the shocking extent to which fraud
has prospering during the last few years,
There has never been period of pros
perity in which Iowa has been so over.
run with every conceivable form Of fake
Investment scheme. For some twelve
months past hardly week has gone BY
In which the editor of the Times-Re.
publican has not been approached with
some beautiful proposition to advertise
some fake oil stock and accept stock as
payment. The editors working at the
telegraph and Correspondence desks ex-
pect to have 9 good "story'' every day
from some part of Iowa about new
sWindling scheme being worked with
success. Fictitious stock issued on
worthless mines, stock Of oil companies
existing only in the promoters fancy,
fabulous foreign inheritances waiting
for lost heirs, fortunes offered by ficti-
tlous foreign prisoners for the safe
Keeping of child, home Investment
companies that offer to build homes for
less than the current rate of interest
charge, tontine diamond investments
and thousand other brilliant schemes
of the fakir's mind are offered to the
public, and, strange to say, they all
prosper.
People with money to invest should
remember that the real good opportu.
mites do not 20 begging. If mining
stock must come to Iowa to find q sale
the presumption is that 1t is seeking
suckers. There are men In the mining
business who can command all the can.
ital necessary to buy all the first invest
ments that are purchassble. OIL stock
In nine cases out of ten is wild specu.
lation If not deliberate scheme for
fraud. Every other glorious plan to
give a.fortune for q few hundred dollars
may be put down as a trap to get the
few hundred.
Citizens of Iowa should remember
that their wealth has been advertised
world wide, and that they are being
made the prey Of swindlers from q
dozen other statee, who flock to this
neld like flies around sweet morsel.
Iowa people seeking investments had
better buy Iowa real estate OF improve
Iowa property, aud be content with a
fa,r, but absolutely sure income. This
state is certain to continue increasing
In population. Every acre of its farm
land, and practically every town lot will
become more valuable. Store buildings
will always rent we'll, for all Iowa towns
are growing. Widows, old people and
guardians should invest In farm or in
side city property in Iowa, bank stock
or business securities In enterprises
managed by men at home well known
Tor integrity and success. The specula.
tor will have enough to do to realize a
profit on bis northern land investments.
The Times-Republican confidently be-
lieVes that hundreds Of these fellows
who have loaded up to the limit with
cheap lands are going to get "pinched''
IN few years, when the boom subsidies.
on the other hand, We all know that
iowa crops never fail, hence, Iowa
towns must grow and Iowa property
VIII increase in value. The wild schemes
OF stock issues and fortunes awaiting
tne public In some far off and unknown
place are practically all frauds, yet the
sorry iact remains that people all over
Iowa have, BY the thousands, poured
their savings into them.