Bisbee daily review., 1903-04-02
DEATH KNELL OF ALL
 WILDCAT CONCERNS
Fraudulent Mining Companies are to Be investigated.

Be investigated.
 Another crusade against get rich quick" concerns will be instituted i'm mediately by the postofice depart ment. The companies involved are the oil. copper and gold mine corpora ttons and similar concerns which pub fish alluTing advertisements and make representations which manifestly are fraudulent. This crusade by the de partment undoubtedly will sound the death knell of these companies, which have fattened on the gullible people who give up their money in the hope of securing from 30 to 100 per cent on theirinvestments.
 Complaint has been received by the postofice department against some of the copper corporations doing business in Montana The charge is made that these companies are fraudulent on their faces. as making promises i'm possible to redeem and obtaining mon ey on false pretenses. Oil and gold mining companies also are involved in these charges and it is anticipated that when the public becomes aware of the fact that these corporations will be investigated the postoffice department i will be flooded with communications | containing complaints of correspond. ents who have been swindled and who will demand the return of their money. ! As soon as complaints are received investigations will be ordered and | the chief inspectors of the division of the detective force Of the postoffice , department will be busily engaged dur ing the next few weeks in obtaining evidence against questionable en terprises.
 If sufficient evidence is secured by the department detectives to justify such action the postmaster general Will bar these copper gold mining ana oil companies from the use of the mails. With this valuable privilege taken away it is predicted that many Of these fraudulent concerns will re tire from business forthwith. Those persons who have already invested money in these questionable comma nies will undoubtedly lose a portion ot It. as from what is already known the ofters of these companies pay them seiVes large salaries and spend enor. nous sums in advertising. For years corporations which are outrageously overcapitalized have been doing a Dig business and reaping rich harvests Prospectuses containing statements o notorious misrepresentations are cir culated through the country and mill Ions or dollars have been poured into the coters of these get-rich-quick cor. pora;ions. Many of them have failed and the investors have suffered a total loss.
 It IS surprising to the postofice off clals that complaint has not been made before this, so as to enable inspectors to inquire into the methods of these | corporations. It is believed that the fact that an investigation into some Of these concerns is being conducted by the department will have a great enect upon all of them, and there will be an immediate falling of in the tremendous business done in the last few years. Those who hay einvested their savings in these get-rich-quick corporations will probably lose a large portion of their investments. but the action of the department, it is claimed will have the effect of protecting other gullible people against their own folly, and 1t is believed the end of the wild cat corporation Is ip sigrt