The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1908-11-29
TRULY A MONSTER BEGGAR
New Yorker Lives for Years on Pro-
ceeds of Whining Letters-Postal
Savings Banks Near-Dr. Park
hurst In New Crusade.
BY SEWELL HAGGARD.

/ thing in the world to make a fortune
over night. Here are some samples of
the literature that they spread broad
! cast
/ Our recent advices on Southern Pa
cific will give you an idea of what
/ can be accomplished in the way of fore
! vember 2, bought Southern Pacific around
/ 107A and instructed to secure profits at
! 1875. We further instructed that after
our profit taking point of 1881 was
reached the place to buy Southern Pa
cific again was on the first rally of IS
/ of point after a reaction of 21A points
from the highest point reached. What
/ happened? Southern Pacific rose first
/ to 1874. Our subscribers knew the ad-
vance to 1885 five days in advance Then
Southern Pacific reacted 113% to 49,
proving our buying instructions correct
within small fraction. We bought
Southern Pacific again around 1925 and
i the price rushed up to 1191s."
! Another wise prophet seems to know
even more about the market:
1.-THE giant allied multi-milionaire mas
ter market manipulators are to give us
q great bull market for couple of years
20, s. Is, 10 points. according to what
will kill margin spectators. My un-
matched, undenied record proves my COM
plete grasp of this great market. I urge
every investor, every Spectator to avail
himself instantly of the greatest trading
opportunities of this generation. I can
not fairly be expected to reveal the flu
ture here. I have been doing business
on IL points risk successfully 95 per
Of ba wa n
who dares deny that public recordl I
have six low priced stocks on which III
! points margin Is practically certain. They
are likely to advance as much Cor moro
than the big wild ones VIII ana are
Infinitely saferi Hasten s. far weeks
advice"
Acting on such wonderful advice it
seems that one could net fail to run a
shoestring into a fortune within a few
months-and all for s. week. You
figure it out in this way: $500 carries
1000 shares; ten point move, netting
$4,000 brings the capital up to 81. COO
This carries 1000 shares; ten point move
brings the capital up to $4,000. Tb'@
carries $1,000 shares and a ten point adj
vance cleans up nearly 100000. The sad
part of it Is that 1t works out this way
only about once in a million times. "
you consult your banker about invest
ments In the market he will tell you
that If you must speculate you should
be conservative.
How much money do you want to
use?" he asks.
Twenty or twenty-five hundred dol
lars"
well, why don't you buy some North
ern Pacific threes. They are selling
around 70. You can buy three bonds for
$3.50 and they will net you little more
than 4 per cent
'How much is that?'
Ninety dollars a year.
You are flabbergasted. You expected to
make lot of money with your little
$500. But If you are wise man you
will take the advice of the banker.
The fart that Wall street tipsters are
able to make a living is nothing short
of amazing. Many of them have Jail
records while others are men who have
only the most superficial knowledge Of
stocks. They are born swindlers and If
they were OF swindling in Wall street
they would be swindling somewhere else.
If tipster can get 100 suckers to buy his
letters at So week he can draw down
500 a week velvet. Ten suckers will
pay for the advertising, two for office
rent, three more for printing and post
age and the rest represent profit None
of them is in a position to get inside
information. One chap who advertises
himself as an infallible market guide
was formerly engaged in the business of
supplying chorus girls to stage man
ayers. Another bureau was started sew
eral years ago by two men, one of whom
is now in the penitentiary. The fact thar
not one of these tipsters has ever made
any money in the market ought to con-
vince the public that their advice is not
TO be relied upon.
A most interesting announcement that
81. IL
confident prediction of Postmaster Cen
eral Meyer that March will see postal
savings banks reality in the United
States. Mr.. Meyers prediction is backed
up by the Endorsement of the republican
platform and by the statement of Mr..
Taft einphatically committing himself to
the establishment of these institutions for
safeguarding the small savings of the
people.
1t is estimated that postal savings banks
would put into circulation many hundreds
of millions of dollars that are now hoard
ed in small sums. Such additional circu-
lation, it is urged would be an enormous
factor in recalling prosperity to the coun-
try. The postal savings bank plan pro-
vidos that any person more than 10 years
old may have deposit of any sum be-
tween 81 and $500, which shall draw per
cant interest. The postmasters shall de-
post tneSe savings IN the united states
bnnks in their communities, which shall
allow to the government 2.5 per cent. By
this method the money will go into cir
cuation ir the communities where it Is
saved and its safety will be guaranteed
| by the government. or the need of pos
tai savings banks The Worlds Work
says:
"In the Pacific states the average dis
lance that men have to go to reach any
bank is IS miles; in the southern states. 80
miles; In the middle states, rs miles. This
| Is, of course, a prohibitive distance. In
F, the New England states, where savings
banks are accessible to most of the pop
ulation, they have deposits of more than
! 81, $50, OC0, 00C-more than in all the rest of
| the Union except New York. There is
| no doubt that accessible and safe depos-
tories for savings in every part of the
courtry-and only postal savings banks,
| Of course can be made SO accessible
would put many hundreds of millions of
dollars into circulation that is now hoard