The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1907-01-12


Magazine Tire articles are illustrated
by Charles Sarka who spent some time
. in Honolulu year ago, and they mention
schemes with the names of which Homo
lulu people have become more or less
familiar.
The promotion boom is here 1t would
warm the cookies of Colonel Mulberry
Sellers's heart to read the Sunday news
papers these days. for they carry page
after page of advertisements of millions
in it" schemes. sucl as the Colonel new
er dreamed Of This promotion boom
already exceeds in proportions the mem
orable one of the two years following the
1Otation of the United States Steel Cor
poration. The man who has money to
invest, and who rightly demands that it
shall bring him a larger return than is
made TO him by the savings banks, wants
to know wlat return he is likely to re-
ceive from investments i'm tire stocks of
all these companies now offering their
shares through the newspapers all over
the land
The investor wants to know whether
he will have a fair "run for his money
to use the vernacular of the promoter
i'm the C1ricago-New York Electric Air
Line Railroad, the "grandest opportunity
the people have ever had to invest in a
gigantic commercial undertaking of ma
tional reputation :" the Electric sigma
graph and Semaphore Company, IAN OPP
4 oprtunty for another such financial
whirl-wind as was the Bell Telephone ;"
the Union rake and Shoe Company
having tire strongest possibilities of any
4 company that has sold its stock to the
public in recent years-pays millions in
dividends :" the Mines Development Com
pany, based on the greatest gold and
silver discovery ever made in America -
the Montezuma Mining and Smelling
Company, an investment which twill net
twenty-four per cent or more at the
start" the Guanaiuato Amalgamated
Gold Mines Company, zone of the great
est mining enterprises of the age" the
Leffler Electric System something 50
much better and so much farther in adj
vance of anything else ever heard of that
it is bound to make millions for its
stockholders :" the San Domingo Min
ing Company, the greatest mining pro.
position of Mexico-fve thousand pei
cent profit in eighteen months - the
Copper Belt Mines Company, which
"should earn fifteen hundred per cent. ;
the Nevada Commonwealth Mining anC
Milling Company, which has the "larges
body of ore in the West" the Fried
Globe Tower Company, the greatest in
vestment chance of lifetime; :" the Mar
conf Wireless Telegraph Company o
America, the best Investment in tn
world" or the Aemican De Fores
Wireless Telegraph Company, in whicl
ga few hundred dollars invested now an,
and given to your children should max
them independent"
Harvest Days for the Promoters.
Then witness the alluring prospect of
fered an appreciatve public in the Gey
serite Manufacturing Cmpany, can eX
ceptional opportunity to invest your say
3 ings where they will be absolutely SAT
and secure" the Central Mining am
Development Company, the greatest mo
ney maker Arizona has ever known ;
the International Gold Mines Company
the most genuine mining proposition ev
er offered to the American people )" tn
Central Mining and Development Com
pany, the greatest gold property Ari
IONA has ever known" and hundreds o
other new companies for which equal
eXtravagant claims are made.
How many of these companies, in tn
advertising of which the English languag
is drained of superlatives, are going t
live and pay dividends? The same ques
ton was asked five years ago about
mass of new companies advertised wit
the same reckless use of superlative'
During the winter of 1900-01, tn
Al fill -,
of an unprecedented era of com
mercial prosperity. Great industrial an
railroad mergers, creating hundreds {
millions of new securities, inhamed TIL
popular mind. The public invaded Wa
Street, and went on a speculative det
auch, eliminating for the time in til
Northern Pacific panic, when the stoc
of a railroad only little while befOl
almost worthless sold at $1,000 a shar
The mania for getting rich quick
through speculation in stocks affected ii
whole country. The Shame of it was tn,
the debauch was led by men of standir
in the community, who were intoXici
ted by their greed for gold Investo
were credulous as they had not been SIM
the days of the South Sea Bubble, al
the promoters-gOOd bad and indifterei
-reaped harvest What has become
the hundreds of companies brought OF
them
Either Fakes or Mistakes.
To answer this question l have invest
gated every company that advertised i
shares I'm the Sunday edition of the Ne
York "Herald" in 1901, and in tv
months of the autumn of 1902. l II
the Herald" because its Sunday final
cial section carries more new compaI
advertising than any other newspaper
the world-and it charges the highe
rate for it, During the fourteen mont
under review, the "Herald's" income fro
this advertising was in the neighborhot
of $4,000 1t reached $1,000 Sund'
in the autumn of 1901.