Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1905-07-04

he found the $40 bet to be the COM
monest In the shop. The man with
the bill steps up to the window and
asks to buy ten shares Of American
sugar at $110 a share, paying 25 per
cent out of the $40 as commission.
| Then, counting that the bucket shop
might be as nearly straight as such
an institution can be, remember that
the decline Of sugar three quarters Of
a point will wipe out the bettor's $40
while for him to win another $40 su-
gar will have to advance to $11l.25. In
short, the customer Is betting against
proposition which will lose him $40
II sugar declines 75 cents, while to
win $40 1t must advance $1.25. In eth
er case the bucket shop holding his
money and taking 25 cents In tolls.
Other "Fakes" "Boost" the Game.
In the Vaccinations of the bucket
shop interests and those Of kindred
concerns that are garnering this $780,
100000 q year from the American peo-
pie, the fake trade journal has had
much to do; the fake mercantile
agency, reporting extravagantly upon
the responsibility and wealth Of the
schemers, has evolved and has cut a
wide swath into the credulity Of men
and women; fake banks and bankers
have come into existence for the COM
pletion Of the work of the others, and
by no means least in the category,
the whole aggregation has been lend
ing each other the sucker list" which
Is an interchangeable list Of names
and addresses Of men and women who
have bitten at one scheme and may
be promising Of a rise to another OF
different type under a new title.
On file In the office Of Chicago
man Of affairs at the present moment
is q series of interesting letters which
he shows occasionally to friend
These letters are especially eloquent
of a spirit of investment which Is In
the young and old Of the country to-
day and which prompts the biting"
at almost any sort Of Haunting an
nouncement of quick riches. The let
ters are from a young man holding an
official job under the government at
Washington.
BIG Dividend Promises False.
The first letter Is apologetic for re-
minding the addressee that he Is an
old friend of the writer's family: but
1t recites that the young man has
about 5000 in bank which he has
saved from his salary. and which he
Is disposed to invest with a certain
company II his friend in Chicago
kinks the prospects are In line with
good business and responsibility.
Evidently the Chicago man does not
regard the concern as dependable, for
the next letter expresses thanks for
saving the writer loss. but asks a
further question Of a concern that
promises 20 per cent a month on cash
investments In grain.
The third letter. recognizing all that
the old friend from Chicago has done.
explains that he has only fair sala-
ry from which 1t Is hard to save much
money, and this fact has led him to
the necessity Of considering an invest
ment of his savings that promises large
returns, and yet at the same time
promising the maximum Of safety
Having established his reasons for
such ventures, he suggests to the
friend: Perhaps you can answer all
I want to know in single reply. Are
any of these concerns promising div
idends Of SO per cent and such to be
depended on?
And the Chicago mans letter. In
substance, reads: MOI"
"Outsider" Has No Chance.
Speculation for the most part, az In
the case Of this young man. means for
the average intelligence a possibility
for placing money In a side line where
quick and profitable returns may be
expected. wholly Independent of the
persons occupation. To the man who
knows what the best of the speculative
market Is, tie HcCcooity hoi GA ~
the time and attention and best judg-
ment Of the speculator Is imperative
It is a business in which only the
best business methods succeed.
On the boards Of trade the commits
sion merchants may be wholly apart
from any risk in even the legitimate
trading, taking the commission OF
one eighth Of a cent bushel in buy
ing and selling. On the board Of trade
Of Chicago the designated leading
speculative articles in their order are
wheat, corn. oats. rye, barley, mess
pork. lard, short ribs. and live hogs.
A years grain crop may be 65O,OOO,-
900 bushels of wheat, 2,5O0,OOO,OOO
bushels Of corn, 9OO,0O0OOO bushels of
oats. 15O.OO0.OOO bushels of barley,
and 3O,00O,OOO bushels of rye.-Chica-
go Tribune.