Omaha daily bee., 1910-09-25
EXIT THE STOCK TIPSTER
Governor Hughes sends the Gamblers
Out OF the New York
Market.
by PRESTON {. ADAMS.

kN PRESTON &. ADAMS.
NEW YORK. Sept 2L-tSpcCial to The
Bee )-Goveruor Hughes put the racing
upStcr out OF business, thereby saving thou
sands OF dollars to gulliblc gudgeons
throughout the country. Perhaps tho next
governor will put the stock tipsters In the
museum OF extinct methods OF tolilng the
unwarN dollar from the pockets OF the
innocent, not to say foolish 4 bg enough
percentage OF the American public to make
the business profitable still believes there
are philanthropic persons about Wall street
VINO, having inside information about the
course OF stocks, are willing to share IL
or $40.
There used to be. and I imagine stlll Is
eNtant, true and very true saying to
the effect that there Is sucker born
every minute"
The ADVERTISEMENTS OF these subHmated
gold brick artists are masterpiece in their
way. For example, one offers In hold TYNE.
Ten thousand dollars worth of $40" IL
that Is not bargain, what could be- Nat
utallS TINS system catches every swing OF
the markets correctly. Followed implicitly
viii quickly develop ten-shares traders into
lO-seares Spectators, the latter into Loo
shares plungers Worth $1,000 to capable
100 shares spectators. To everybody re
hitting Slu Immediately for our system
we vii furnish one free Geographic advice.
good for five points quick profit Thus the
system pays for itself Immediately"
Generosity could go no further. one trem-
bles to think what would happen to the
mllionaires II this organization started to
operate in earnest.
Some of the rascals who seek to delude
the public into believing that they are
| omnlscient do have the decency to prom
! Use to enclose their letters in plain on
! Nelopes so that other people may not know
| just how foolish the subscribers are. This
| arrangement is also calculated 10 avoid
! complications with the postoffice author
! ltles, VINO nowadays occasionally inquire
| into the nature of operations conducted
| through the mail. Need IL be said in con-
| clusion that not one Of these tipsters is
/ fpn cd To fhA alts -
| the respectable element Of the financial
! community and that their definite promise
OF how Steel, Reading Union Pacific and
! other stocks will act are the sheerest bun %
combe? Those who vainly hope TO make
fortunes by subscribing s. or $40 for such
stuff may find that their first venture vii
| land them in speculative commitments that
may drain them of their last dollar. No
| person with spark of intelligence could
| fail to see that If these knaVes could do
! for others what they pretend to be able to
| do they would do as much for themselves
and thus become independently wealthy.
| 1t is surprising that they can catch
enough suckers to make living, but
! they do.
e. T. Rittenhouse, former insurance
commissioner of Colorado and president OF
the Provident Savings Life Assurance
society, has small patience with pessimism.
Our people are today better housed.
| better clothed, better fed and provided
with more comforts than ever before in the
history of any people. In truth, peace and
plenty prevail.
| Here and there we hear the usual pre-
dictons OF general business depression and
| a money stringency in the fall. These
/ gloomy forecasts are to be expected. In
| fact, there never has been a time during
the last thirty years, while we were enjoy
ing most marvellous period of prosperity,
| that this pessimistic element could not be
| found forecasting disaster They are es-
pecially loud in their predictions during the
summer months when business activity is
naturally at its lowest ebb
| ''The commerce of this country is so vast
! and the business enterprises so varied, with
| such extensive ramifications, that q de-
| preston in few lines OF trade cannot be
| taken as indicating general business con-
ditions or prospects. The time has gone
| by when the fluctuations in the prices of
securities in our financial centers can seri-
| ously affect the general prosperity OF the
| nation.
This is the dull season in the security
| market. The demand is light and prices
| lively engaged I'm new enterprises through
| out the country: the farmers have been
| blessed with magnificent crops soon to be
harvested. and the army of the unemployed
Is so much smaller than they were at this
time year ago 1t would not attract at
tenion."
The total resources Of the savings banks
in the state of New York increased over
$sS,0OO,O00 during the year ending Junt 30.
These favorable conditions are known Ia
prevail In greater or less ratio in the other
states
THE rate problem" he continued will
not be settled until the government owns
the railroads, which in time is bound to