The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1906-05-16
ANOTHER suck11sHop VICTIM.

kItdlthk Single dEtutg VI tNll W thNhf
we would unhesitatingly pronounce II
TO be gambling in futures, sollloquizes
the Fort Worth Record
There Is a kind Of investment In Sc
curities and commodities by future
contracts which Is a legitimate agency
Of commerce The man who ships a
thousand bales Of cotton to Liverpool
incurs the risk OF heavy decline in
transit, and II is permissible for him
to buy thousand bales OF futures, so
that the gains on his purchase may
equallze the loss in his sales This Is
form OF Insurance without which
certain transactions would be extreme.
ly hazardous.
And Of course there Is much buying
and selling for future delivery which
Is not speculative at all.
But most bucketshop DEALINGS are
purely speculative. with no intention
Of delivery and with no actual com.
modify to deliver These are the dear
I ings Of danger The evil consists ir
the opportunity to male small vcr
lures In he hope Of large gains. The.
oretically II Is specuation; pra,tl.
cally II Is gambling
The latest case Of large conse-
quence is that Of Edwin $. Greenfield.
head clerk Of the banking and broker.
age firm Of Harrison Snyder g. Son OF
Philadelphia. The clerk Is In jail
charged with ombezzling more than
100000 and the firm Is in bankrupt.
cy on account Of the losses. Green.
field Is about 30 years OF age and has
wife and two children. lie came 10
the Arm from the schoolroom. and rose
from the position OF office boy 90 the
position OF head clerk and trusted rep.
resentatlye OF the banking house.
About two months ago Mr.. Snyder
went to California and gave Green.
field n power Of attorney to carry on
the business. He returned from the
west about a month ago. and the frst
intimation that something was wrong
came to him when he missed some val
liable securities from his safe. Il was
not until last Monday. however. that
he was able to find where they had
gone. Greenfield then broke down and
confessed He admitted that he took
money at various times during the
last six years and that he lost most OF
It speculating in bucketshops
No doubt his first speculation was
with his own money. Whether he lost
or won At first. In the end he lost
they always do sooner or later. for II
Is impossible to quit a winner and
equally impossible to be reconciled TO
loss--and then he borrowed" the
firms money without the knowledge
OF the firm He had a sure tip and was
confident that he would win and re-
store what he took from The till. He
didn't mean TO steal-they never DO
mean To steal, but that's what they
generally end In doing. because they
can't resist the temptation to make
easy money
The trouble begins With the desire
TO get money without earning II. and II
is aggravated by the passion 10 get II
faster than thrift can accumulate IL
both of which are equally unsouni In
morals and destructive 10 commercial
manhood.
The remedy for this evil is not easy.
No more is the remedy for any evil. All
that can De done Is to arouse and en-
list the activities of every man In
position to exercise influence In his
case. soberminded ana conservative
men of commerce are the pers)rP u
greatest influence and their opportu-
nitis are most abundant In their bust
ness dealings they can make IL plain
that young men vino speculate subject
themselves TO suspicion. With their
own employees and customers they can
make an absolute prohibition The
employe who CANDLES is not 10 be
trusted. The doctor who gambles in.
jures his credit These plain business
rules are not only wise for commerce,
but they are wholesome FOR manhood
Let them be clearly understood and
they will exercise restraining innu.
ence against the temptation TO make
the first venture, and that is the place
20 cure the evil. After the appetite Is
once acquired Il Is as bad as the whis'
Ky or morphine habit-only a dreadfu
punishment W. 0bate it
Business men Of position can afroId
TO so out OF their way TO give warn
ing counsel TO these inclined TO err
in this fatal way. II is not all Of life
/ TO protect ones own future and TO