The Lamar register. [volume] (Lamar, Colo.) 1889-1952, 1912-04-10


money that the gullible paid in
to the purses of the clever. wide
awake, daring horde of get-rich-
quick takers who live off the cred
ulity of the suckers. Thousands of
dollars, and perhaps millions, were
garnered by promoters who were
too careful to fall into the tolls of
the law.
1t is hard to understand why
the American people are so easy.
AS nation we are supposed to be
one of the most highly civilized and
best educated in the world. And at
the same time 1t must be admitted.
however. that we are the most
credulous. We are too willing to
accept the mere word of the facile-
tongued promoter who explains his
scheme to quadruple our savings
within the course of a few months.
Instead of investigating carefully
every proposition in which We in
vest money. we have a habit of re-
lying too much upon the CREDIBLE
ity of others.
The American, as a rule, is not
content with comfortable living.
He wants to be rich and the root
of the whole trouble lies in his
desire to get rich quick. News
papers and magazines are filled
with advertisements of get-rich-
quick schemes which catch the eyes
of those who have been stung by
the money bug and loosen their
purse strings. Men and women
who would not save with an idea of
investing their savings in some con-
Sentative business that would give
them a small return. scrape and
borrow and scheme to get funds
for some promoter who promises
dividends that any reputable busl-
ness man knows is impossible.
The greatest danger to the ma
ton in connection with the increas-
ing number of swindlers and the
growing credulity and short-sighted-
ness of the sucker" element, lies
in the fact that the poor and not
the rich constitute the majority of
the victims. The man with money
is more careful of his Investment
The poor mans need of money is
greater and he does not hesitate
to grasp at the slightest straw to
get his head above the waters of
the financial sea.
Experience is thorough teach
err, but her instruction is the most
costly. If it were possible to con-
duct q school that would teach peo-
pie to think for themselves instead
of relying entirely upon the think
ing of others. the problem would
be easily solved. But it does not
seem possible to organize and main
tain such a school. The remedy lies
with the people themselves. They
must learn to think for themselves.
Colorado Springs Telegraph.
The above is unfortunately too
true, and will apply to Lamar just
as well as to larger places where
stock Exchanges are open. The man
who is desperate for money will
take chances that in his sober
moments he can easily see were
absurd. He will listen to stories
of how easily the solicitor can make
him money when common sense
would show him that If the solicit
ttor could do what he claims he
would be a millionaire instead of
travelling around the country So
Letting a few dollars out of vic
tins here and there.
Just at present an outfit is solic-
iting sales of stock in Lamar offer
ing to pay ten per cent to invest
ors or loan them money at five
per cent. There are legitimate con-
Germs that can do either one of
these things, but the two make an
absurd impoesibility 1t is only the
man made desperate by cfrcum-
stances that will listen to such
arguments and II he bites he will
lose what he puts in. No difference
how bad the need man had better