The Twin Falls times. [volume] (Twin Falls, Idaho) 1905-1916, 1913-09-16
Again, discriminating income tax i
an equalizer and corrector of injus
tice. Literary Digest.
TALKS ON THRIFT
NO. 4.-THE GET.RICH QUICK
FOLLY.

j. |
IF it were possible for me to
double the income of all our en-
ployees, the good 1 could do in
that way would be less than if !
t could Undue them with an earnest
, desire and purpose to save and
invest their money Henry l..
Doherty, New York.
Saving and investment go hand-in-
hand, but unfortunately, persons who
are good savers are not always good
investors. In fact, it is quite general
ly true that the greatest financial
risks are taken by those who can least
afford to lose money.
1t is estimated by the Post Office
Department that the total loss to the
people of the United States by fraudul-
ant financial advertising through the
mails has been upwards of 500, 000,-.
600 a year for a long time. Probably
the amount will not be so great from
now on, as the government has be-
come very watchful and strict, but a
warning on this subject is still nee
essary, as the schemes are clever, and
| it often takes the government long
time to get them right" as the say
ing is.
A few months ago the federal au-
thorities secured the indictment and
arrest of the officers of real estate |
company in New York, which had
eli Ic
posedly backed by good real estate.
The bonds proved to be practically
worthless and investors lost $475.000. |
Last year witnessed the conviction
by the government, for advertising
frauds through the mails, of such no.
torious takers as George Graham
| Rice, who sold mining stocks, and
was recently released from years
imprisonment; Burr Brothers, who
had promoted more than one hundred
companies without making good on
any of them, and Christopher Column
| bus Wilson, who sold wireless tele-
graph company stock at S40 worth !!
! 40 cents. He died in the federal pri-
son at Atlanta.
Such schemes are absolutely de-
pendent upon the mail privilege.
When that is taken away from them,
they cannot reach the suckers" as
these gentry call the misled people
who invest in their worthless pro-
positions. So the government has
powerful weapon to use against such
schemes. But these crooks are not
easily discouraged. When thwarted in
one scheme they Immediately try an
other, and the so-called sucker lists
of persons who have bitten" on such
fraudulent propositions as fake mines.
oil wells, new world-beating inven-
tons and worthless real estate, are
sold time and time again by promo
tiers to others of their ilk.
For the great majority of us, the
only sure way to get ahead financially
is to work industriously, save syste-
matically, and when it comes to a
point where we are ready to make an
investment, consult somebody of re-
cognized knowledge and dependability
in such matters.
We sincerely believe that for
small sum there is no better invest
ment in the country than savings
bank account and that no one makes
mistake in leaving his surplus money
there until he has better use for il.
Stick to your savings account until
you have accumulated something
worth while to invest. Then consult
somebody you can depend upon in re-
gard to its permanent investment
AS we have pointed out, some Sin
vestments" offer little chance of the
investor getting his money back. Even
with legitimate investments, it is Of
ten hard to get your money back
quickly. While you may not often
feel like drawing upon your savings
In the bank, it is quite a comfortable
feeling to know that you can get at
your money quickly in case of need.
There is no other investment where
one can get at his money so quickly as
N savings account it being only un-
Ter the most extraordinary circum-
stances that there is ever any diff
Guilty whatever in a savings deposit
'r's getting his money when he wants
o draw it out of the bank.
When you have saved sufficient
o make an investment worth while,
consult banker or newspaper in
DON'T BE A SUCKER!