The Logan Republican. [volume] (Logan, Utah) 1902-1924, 1913-11-29
FAKE INVESTMENT

For many years past good old lady has lived
in this valley in the state of widowhood She is
ergetic ard saving Practically all the butter and
eggs must be converted into cash and the proceeds
deposited in the savings bank and there left for a
day OF need. Week by week he" deposits increased
until 1t reached about one thousand dollars One
morning as the employees of the bank approached
their place of business this old lady found at
the door waiting for admittance. When the bank
window was opened for business, the old lady in q
half whispered tone said to the cashier (who was
q heavy stakeholder in the concern) Write out a
check please my savings account for seven hun
dred and fifty dollars" I'm whose favor asked the
cashier. Brother -. The cashiers curiosity
became aroused owing to previous transactions with
this same man through the bank.
Pardon me, said the cashier. It is nothing to
me, but am afraid there might be chance for
you to your money"
"Oh 10, the reply, he would not deceive
me. I am going to buy seven hundred and fifty
shares of stock, looking around as though fear.
full that she might be overheard she further stated
that II am getting this stock for dollar share
today tomorrow it will go up to one dollar and
half, thereby shall have profit of three hun
dred and seventy-fve dollars on my investment
The cashiers sympathies moved He did
not want to see the old lady feeced. BE careful
what you are doing he said by investing your money
in such doubtful ventures"
With quick reply she said: THAT is exactly
what Brother told me that you would advise
not 20 draw out my money because all bank
want deposits left that they may loan it out
interest"
This statement of the old lady's made the case
interesting. when the cashier said emphatically
there will be raise in that stock indicated to
you and to prove that am right, will make this
proposition, viz You hold the deal off until tomor-
row and If the stock raises to dollar and half
will pay you the extra three hundred and seventy
five dollars, provided you want the stock.
The old lady after being put under solemn
promise of secrecy agreed to the proposition
The banker watched the old lady leave the bank
she had rot gone far before she intercepted by
this agent.
The next day the old lady appeared at the
bank stating that the agent had been to see her
that morning with letter from the head office at
Salt Lake stating that the time was extended anoth
day before the raise would be made. 1t took but
a few moments to thoroughly convince the old lady
that she had narrowly escaped becoming victim
to this stock shark.
1t is needless to state that this concern with
most all others have gone defunct. This valley has
been feeding ground for stock sharks and hypo-
critics. When selling their stocks they knew we'll
but twenty-five per cent of It would 60 for develop
ment work. another twenty-five for the general ofc-
ers and last but not least fifty per cent for them
selves commission. Hundreds of thousands of
dollars have been ilched from the people along
these lines Smooth talk, deceptive inducements
have been offered to inveigh the unwsry so that
some Of the poor people will feel the effects OF their
bad investments all their lives, We again say to
the people, leave these agents alone they are not
coming here under expense to put money in your
pockets. II the deal was good, safe and secure with
out chance OF losing enough money would soor
be found in these money centers without coming
to the poor gullibe people who know positively no
thing about these projects except what they tot
by these glib tongued individuals. There plen
ty OF safe opportunities right at your doors for in
vostments something that You can examine for you
selves. Buy piece of land, go and examine It
Whoever fell down in buying good land? There viii
only be crop of land but many crops Of men ano
they all have to live. When the Panama Canal Il
opened thousands of people viii come through L
western coast instead OF going to New York, Bos
ton and other places the eastern shores.
The local building association in this city ar
pears to be good investment. The writer is no
interested in selling land, nor stakeholder in tn
building associations but he is a friend to the con
rank and file OF the people and so long as h
can use pencil and has opportunity he wi
WELD 1t in their defense. Take no chances goo
people. Be aontehted to invest at home and Gu
out these transents who have no interest IN 20
whatever emily to get your money. Remembern
! as before stated none OF these smooth gentleme
are here to put money In your pockets. No! nc