New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1916-12-13
OTHER SIDE OF PICTURE.

In the rise in stocks which has accom-
panied the prosperity of the last two or.
three years some people have made lot;
of easy money.
And the experience has been disastrous
to most of them-or will before it is ended
and to many others as well.
Easy money, somehow, usually turns
out to be delusion and snare. Either
it deludes the fortunate" one by making
him think he is gifted gambler, so that
in the hope of getting all the money there
is he keeps on at the game until it ruins
him; or the unwonted experience of
having plenty of money brings on habits
that destroy him.
1t may be that here and there lucky
winner in the great game has salted
down his winnings turned them into
conservative dividend-paying stocks or
bonds, into profit-paying real estate, or
into mortgages or other sound invest
ments, and so settled down comfortably
on Easy street. But not one in ten
thousand show so much sense. easy
come, easy co." applies to Safeguarding
gains as we'll as to those of the more
ordinary forms of gambling.
And it is still pathetic truth that
every SO often the crowd of market
followers is completely renewed. If it
wasn't that new crop of suckers is born
every minute, the business of playing for
market suckers wouldn't last five years.
Those who are engaged in getting stung
on wildcat investment" today are
probably not at all the same crowd that
got stung on an entirely different lot of
Investment" seven or eight years ago.
incidentally, it would be interesting,
instructive and profitable if those who
are minded to get into the game today
would turn back to the files of the news
papers of eight or ten years ago, make a
list of the stocks then advertised and
boosted, and then find out how many of
those stocks are still alive on the black
boards or anywhere else.
But some of those who have played the
market haven't even had the satisfaction
of an alluring and misleading killing"
Just as one instance in many, there is a
story which the New York newspapers
were publishing just the other day.
Two years ago Frank H. Smiley, fifty
three years old, was Woodworking law
yer who was getting a decent living out
of his practice and seemed to be con-
tented. There was no thought in his
mind of speculation.
Then he fell heir to thirty thousand
dollars; and at about the same time he
was attracted by the stories then afloat
of the ''big killings" that were being made
in stocks.
If he had planted his little heritage in
some safe investment paying six per cent,
it would have brought him, and his
family after him, hundred and fifty
dollars a month in addition to what he
was earning. But that wasn't enough;
he heard what others were doing though
probably he did not hear of those who
lost-and he wanted to turn his little
fortune into big one. So he got into
the market.
To cut long story short, he got on the
wrong side, and lost. After months of
worry and anxiety during which his
practice suffered and his health was
ruined, the other day he committed
suicide, leaving his family nothing but a
debt of several thousands of dollars.
That is glimpse of the other side of
the picture, which those attracted by the
stock specializing craze, will do we'll to
consider. If the moral they read in It is
Don't land they heed it, it will be a
lucky day for >them.-Datlalth Herald.