East Oregonian : E.O. (Pendleton, OR) 1888-current, 1914-06-04
lne reestahlishea.n he Lid.

ing reestablished, he said.
This statement by this man is in
teresting for two reasons. First IL
inclines one to the view that such de-
preston as this country may be suf-
fering is but part of a world wide
condition. The second feature is that
the point Of view of the steel trust
chief is not in keeping with the claims
of sundry anti-administration poll
ticians, They are are asserting that
the tariff revision has greatly injured
the industries OF this country and has
worked benefits upon foreign work
ers and foreign manufacturers
If there is anything to that claim
why does the president of the steel
trust come home with tale of
languishing business in foreign lands =?
Evidently ne did not observe any Eu-
ropean enthusiasm over our tariff
change. AS, Mr.. Farrell is the head
of one of the corporations seriously
affected by the new tariff it is safe to
say he did not color his statement
to favor the present administration.
~~>>s>>-s~ =
There is no form of investment of
which people should be more suspici-
Gus than of stocks that
Bait For are offered the public
The Gullible. by adroit statesmen
and when the company
deals in such an unreliable venture as
unmined oil there is especial need to
beware.
In the following editorial last eve
ming the Portland Journal rendered
distinct service to the people of Ore
gon and the action was timely:
The bait is set for the unwary. Re-
puted oil discoveries in Calgary, Can
ada. are made the basis of an attempt
to inaugurate wild spree of specu-
lation.
Wildcat companies have been or
ganized, and they are advertising their
stock for sale. The newspaper adver
tisements present an alluring picture
They recite instances of how fortunes
! are literally made overnight in OIL
They tell of instances where men have
bought $40 worth of stock. laid il
away in a trunk, forgotten all abou,
il. only to discover in after years that
the forgotten stock is worth thousands
and thousands.
One of these advertisements wa:
offered The Journal. but publication
was refused by the paper. The fee
for publication would have been more
than 500, but every earmark in the
advertisement was eloquent of bun.
combe.
For instance, there was promise
that 1915 paid down for stock ant
i 1915 monthly would buy % shares
of stock which would probably b,
worth 500 before Christmas of thi
year" This is an appeal to the work
! ing girl and the other thousands wit
!. slender savings to invest in the stool
q, e. hono of haaopoipU suddap1,
rich. The value of stock shares i
advancing by leaps and bounds" AM
| stocks have advanced from $40 t
$3.50 per share" are other extrava
CANT assertions in these glittering ad
vertisements.
If stocks to be had for 1915 dow
and 1915 per month are going to b
worth s100 by next Christmas. no,
is it they are for sale at such low fig
ures? If such wonderful profits ar
to be made, how is it the shares ar
for sale at all?
II they are advancing from $40
$3.50 per share, why is somebody S
anxious to get rid of them?
~~S%e\~S
Pendleton can no longer be called
village; we can have a sub postoffic
if we want it and have had an elt
vator accident.
~&e>~
They are wasting time talkin
about Huerta; the proper way to r,
move him is with a rope.
Remember the Pioneer Picnic I,
! morrow at Weston.
> >%O%~
Now that the wool is all sold til
I price grows still stronger.
a >~s>e>>s~