The Jasper news. [volume] (Jasper, Missouri) 1898-1924, 1908-01-16
N'GL.AL FRA IDS
BY GEORGE B. CORTELYOU,
Secretary of the Treasury.

which to back their gigantic deals;
they knew the Irresistible power OF
great capital In one controlling hand
and were able to make the whole coun.
try. OF smaller spectators whose cap.
ftal, although immense In the aggre-
gate, was under scattered control
pay tribute to them. 4 y
ut Is time the common people. the
small SPECTATORS, learned this trick
of the captains OF industry, concen.
trated their scattered capital In one
Irresistible body. placed 1t in capable
and expert hands and recovered from
the kings OF the pit some OF the mil
lions which for years the smaller
Spectators have been contributing to
these swollen fortunes. Your avail.
able money, added to that Of thou
sands and tens Of thousands OF other
small spectators. will form a central.
lied fund OF proportions which win
dwarf the available money OF the big.
gest Spectator who ever operated on
the board Of exchange; the manipu.
lation of the market by the means of
this huge fund will be based upon the
Investigations OF a corps Of the
shrewdest and most capable crop and
market experts in the country. for
the huge proportions of the fund It.
self and the profits at stake rot only
render the employment Of tho best
talent necessary but also easy, as the
proportion Of the expense to the ag.
gregate profits will be trifing.
For purposes Of convenience we
have placed shares In this great Fund
w at ten dollars. II you send me
500 you ,xill get the profits on ten
shares from the moment your remit
lance is received--if thousand dol.
lars, the profits ON 100 shares"
This is the gist Of the appeal which
went out to the cities, towns and
farms OF the country. The response
was instantaneous and enormous. Al
though the scheme was in operation
only few months it took in over
$2,000.000. In the malls of the day
on which Post ONCE Inspector Stuart,
OF Chicago. enforced the fraud order
against this swindle more than 49,
600 In post oflce money orders alone
was received at the Fund w" Office.
The check books OF the concern
showed that this money with that re-
ceived In other forms Of remittance
was to be used to pay dividend"
amounting to $4,000. A further ex-
animation into the affairs Of the
swindie established the fact that the
current receipts from victims were.
used right along to pay dividends
without any regard whatever to any
deals on the board or any profits
therefrom--and these dividends"
were put out where they would do the
most good in stimulating those who
received them to increase their sin
vestments' and to spread the news Of
this quick and easy road to wealth
among neighbors and friends. Some
OF these so-calied monthly dividends
amounted to more than IL per cent.
Here was actual fulfillment, not
promise! When the victims cashed
those dividend checks" and found
that they were honored. any misgiv-
ings they had harbored disappeared
and they felt that their financial fu-
ture was more than assured They
showed these remittance letters to,
the friends they wished to favor and
this process multiplied the victims In
. cumulative ratio besides drawing a
big increase of ..investments'' from
the original victims. or course the
number OF the earlier victims was
very small in comparison with the
crop which this cumulative process
OF culture developed when once the
effect of the stimulant was realized
from broad territory Therefore
II mattered little II the first or orig
inai crop of victims received total
OF dividends" amounting to their
original Investment with good profit
added So long as new victims null
tiplied in numbers with each incom-
ing mall and the older ones added to
their speculative contributions the
dividend" game could be played with
fmpunity.
Investors" by the tens OF thou
sands poured an eyer.increasing vol.
ume OF money Into the treasury OF
this infamous get-rich-qufck swindle.
and when the postoffice department
shut down the iron gate of the fraud
order thousands of angry letters OF
protest were sent to- the head OF
the department. at Washington. These |
protests demanding the inspector'ssre-
moyal were 30 strong and carried evs
fflauca of actual nrof3ta a. v,Iarofblp