Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1905-06-06
bV WARE or GOLD BRICKS

I Nclalnod that not few persons
m Salt fako Guy, ana In other settle.
mcniB Of Utah, are being taken IN by
agents Of various concerns, who prom.
iao TO nay an enormous intcrcst on
money invested In weekly, or monthly.
inslnllmoniM when neked by nlond-
ed victims how II ia possible for any.
ono to pny such nm interest, IN addi-
ton 10 the expenses of the business,
the maintenance of Offices, commission,
correspondence, olcp II N always an
HWorod mat n great number forfeit
largo sums by falling 10 continue their
payments ana the money thus acou.
mulaicd IL distributed among tho con.
tract holders, This explanation seems
good to many who are not, IN mo.
monl, able 60 discover The falucy of
IT, ana they accept Il ana commence
paying IN their money, only 10 be
ewlndlcd, A warning against an
such investments seems called forplncc,
Az n rule, tho victims arc among the
ohss that can but vi afford TO lose
their hord-cnmoH savings. n those
who need advice ne to the best way
Of investing u few dollars that can be
spared would sock such advice Of true
srienie who have financial experience
ana standing, they would not be the
Victims OF "gct'rlch.qulck' swmdlors,
Az an illustration Of tho nature and
methods " the concerns rofcrrod "a,
we nro In n position 10 quote a letter
signed by Attorney Burton Payne Gray,
Of Boston, appointed receiver Tor The
Preferred Mercantile Co, " Boston.
Eory In the month Of March, this year
TINT company MAS announced engaged
I'm Illegal business ana lte charter Wns
declared forfeited Durlng the same
month Mr. Gray was appointed 70.
cclycr ITO says the only assets ho
has been able 10 md arc Si06 IN cash
Il few postage gtompe, ana n misccl'
l0nooup lot Of stationery Some NJ
the officers are accused Of having with'
held moneys collected from contracts.
holders after the date OF the Judgment
and also Of contempt " court suits
arc now pondmg, but Mr. Gray says
IN his letter that unless he 10 able 10
ind assets hclouglug 10 the company
the loss to the holders ot contracts win
be total
We ere reliably informed ~ the fol-
lowing experience Of one gentleman m
this city, llc Invested quite a little
sum, IN the expectation Of handsome
plont In a short lImo, when ho failed
10 hear anything for Ions time after
no had fulfilled hls part Of the contract,
ne wruto 10 am attorney IN, Denver
whore II was said the headquarters Of
the business was located and instructed
him 20 mako inquiries, The Denver law
yer, after many days, found the head
aunncrB' IN small room IN certain
buldrg ana nlfo that tho parties con'
ductlng the business had no usrcls eS'
cert few chairs ana n desk lie
wrote back TO Salt Lake, stating the
facts and advised Mia oliont that moth.
INK could be- collected
We hope the dupos Of such 'windlcrs
are not quite ~ many az rumor has It,
We hope thoro Is more financially sound
sense among the people hero, But a
warning seems timely, "Agente' who
offer 10 pay you $500 Ton every dollar
you give them, can ho eot down IA
agents Tor ewindICrs II they knew
how 10 make such profits on money,
they would not need, and they would
not care, TO solicit money from olhor
people They would invest their own
money and double H. and double II
again ana again, Really good and SAFE
Investments arc not dying around, llkc
tho soode Of dandollonB for tho wind
Genuine chances arc never given away
Through industrious and economical
habits. the way 10 open ~ all who ala