The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-03-27
WHAT FOOLS NE MORTALS BE,

WHAT FOOLS Ne MORrALS BE"
Thinking people, as well as those whose gam
bling instincts run away with their heads, would
find 1t enlightening and profitable to read the
story of My Adventures With Your Money,
which appears in the April number of a popular
magazine.
This story is written BY whilom get-rich-
quick artist, who started out as horserace
"touter," ran the gamut of frenzied finance, ac-
cumulated 81 100000 from victims, lost it by
playing his own game, and is now in the hands
of the Law.
The first installment tells of the ease with
which the public fell for" the gaudy advertise
ment of tipping enterprise in New York. and
the wild scramble after the 'one best bet"
During phiosophic moment the author OBJ,
served:
After years Of experience behind the
scenes, the conclusion is forced upon me
that The instinct to speculate is so strong in
American men and womea that they choose
to take chance regardless Of the fact that
at the outset they ALREADY halt realize they
eueatuaHy must lose.
The narrative deals exclusively with the rae
ing game" and the writer discloses much inside
information about horse-racing, the method OF
getting tips on winners, the cunning in play
ing to the gullibility of the public in faring
slangy advertisements. and the alacrity with
which thousands Of people part with their good
money for worthless instructions, which cannot
but be instrumental in the loss of mans last
penny.
Since the abolition of bookmaking at race
tracks the legislatures and governors of several
States have been excoriated and condemned in
the strongest terms for breaking up 'the sport OF
kings" There. can be 10 doubt that horse-rac'
ing has been dealt its death blow in this country,
and that a vast number of men who preyed upon
the gullbe public have been compelled to go TO
work or 10 Jail, but the legitimate testing of the
prowess OF horseflesh will never pass long as
fine horses raised. The narrative of My
Adventures With Your Money shows, perhaps,
better than anything else ever printed why the
tipster and the bookmaker should have been put
out of business in the States where their calings
nave DeeN 0utiaWtu, anu Suoutu 81 toWdiu
influencing the legislatures and governors OF
other States where the quoting Of odds and the
bedding of info" is still tolerated. Although
the writer frequently predicted hog killings
In the spring and summer. he virtually admits
that he was out Of season, and never cracked an
egg" His story of the conduct of the biggest
tipping bureau in New York is identical with
what the t.sS~s tors of all these pauper.makers
would have to say II they were called upon to
write OF their experiences and observations.
The tipsters story is entertaining. amazing
and rings true throughout. with the possible ex-
cepton of paragraph In which he says he earn
ed SIS, 900 In the newspaper business in few
days The writer is probably little reckless
with his ciphers. Ciphers denote the absence OF
quantity but in this case they fail to perform
their mission. The tipster's narrative would
have been strengthened by the omission of this
$4,000 item, for, whereas he has written an
true story, he has given opportunity
for the presence of our dear old friend. falsmm
ia uno tdlsunt In omnibus.