The Greeley tribune., 1908-01-02

had given his receipt for the "seaIed
package said to contain valuable pa
pers." a telegram had been sent by
the fiscal agent" to mail out trustee
circulars.' The man in this scheme
of course believed that. as the circu-
lars were being mailed out into . ter.
ritory about q thousand milea from
the city in which the banking and
trust company was located the trust
ofncer who had been imposed upon
would never hear of the misuse OF his
receipt for dummy" package which
actually contained certificates Of the
mining company's stock.
Why did the men who worked this
scheme to steal the moral support of
the big trust company 60 to % great
pains to get II; to make the tre4sier
of . sealed package containing h
bonds! Because fake investment op-
orators have found II profitable to
take every prscaution to giys the color
of legality to their acts; they have
found 1t profitable to hire shrewd legal
pilots to tell them Just how far they
may go in given direction without
running upon the reefs of the United
States post ohice's fraud order" or
upon the rocks Of a conspiracy"
prosecution. These pilots for the
fleets Of the investment pirates make
professional study of the art OF
steering their craft just outside the
line of successful criminal prosecu.
tioa. Take 1t in the incident which
have related: had these men beeu
prosecuted for falsely using the name
OF the trust company or for Obtaining
moneys by misrepresentation tthe
claim that the trust company was act.
Ing as trustee on the Brite & Fair se.
curides). an able lawyer could have
made out Of the trust" to transfer a
package OF unknown contents. verv
plausible defense. Again, the mining
company was able to make valuable
use OF the trust company's recent for
the package by having facsimiles Of
the receipt printed and distributed
among solicitors for the stock vho
were canvassing persons not at ali,
familiar with legal documenrs-and
VINO. under the statements and .rvu.
hents OF the agent, would see in tho
receipt an Acknowledgement that mi.
great trust company and its million.
were behind the securities of the Rrite
& Fair Bonanza company.
SO FAR as the writer knows ther.
mas never been fake investment con.
cern exploited which has not triad 70
steal moral support under tho nama
Vi some guaranty" trust" or .ao...
ieies company. In most cass0 ~.
naps. s.,l 'hese companies are as thorough
iahes as the company which thew a 70
supposed to guarantee, and arc ,ha
creatures and creations of tho
men. But so many Instance =, -
swallow deception have been -.
up IN criminal prosecutions
,itue variation has been found -
pie. Instead of owning a f,po ,,N'
anty concern. the exploi,ers
rake companies have recent,,, 1.e
regard 1t as better pract,ca One "
connection with some genr,ns ''a.
pany doing general trust bns,u ~
MS brings us straight to tho
.'eai point In the matter: NJ
ihlo an investment until you sra. a. 81
out Tor yourself. by direct anl a nna
: mana investigation, what p,o n!s.'
ehces named in the litera,r.. 'eiel-
cruising matter of the comnarr - ~
70 say about it. and also how nase
'he references themselves ann n.u.'
PROMOTERS Of wildcat investno' w.
'erprises nave used hundreds =, nt GU
sbadow 'enses u, which they had not the
+hs. .hsaow @ OF right to use-caIcnls,,m MI, ,ne =
,ntau ina. persons credulous enough 10 hs ~
interested IN the proposition 10 De
ans a.so oe eredulous enough to saw a.s wo".a
.elerences VIII speak well ennu. .hese M
n. ms enterprise' else their naras ,....,, 10.
not be given out for This wouia q