New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-07-01
By SAMUEL HOPKINS ADAMS

forth and nconsderabe risks of investing
Ray Ariz directly adjacent to the great and rich Kay
Consolidated and Ray Hercules copper properties Much
made of this proximity 1t always exploiting this kind OF
proposition The burden Of its Buy Before the Rise
obviously Of those hundreds Of copper gold oil
motions which millions of dollars yearly from the insecure
custody of suckers and the safekeepng of the
stock sharks the transfer being free and unammeed
press AS such read and forgot it.
1t was recalled mind three months later in the Office Of
The Dallas Dispatch Thi, of the newspapers which do not
knowingly expose their readers the Of wildcat stock
operator, other takers At the time of call Business Mana
ger Ross Beaumont of The Dispatch had ordered the Arizona
Ray advertising it, columns of report
it by the California Commission of Corporations
IF you going Arizona. suggested Mr. Beaumont you
might find this interesting. 1t looks like the real thing in
bunco mining.
Well was going to Arizona. But was minds about
devotng a fake mining proposition which presumably
didn't differ from Of other fake mining propositions that
until Mr. Haggert Mr. Haggert hectic little who
sat on the shady side of tank in the middle OF CHASTITY
and waited for branch train already two
hours overdue to take him Phoenix AS interested the
same fell conversation On Mr. agses part the
quite gaspy and broken by dry little coughing
SHELLS He explained apologetcay that he had weak chest
and his deong glance mutey requested that should not inquire
further into the didn't One doesn TN Arizona 10
set our acquaintance regular footing he handed me card
beautifully inscribed by of those artistic who work
on
MIR Haege Esqre of Los Angeles the Lvest City in Cali
fornia it read and above elegant SCROLL and below
patriotic bird.
Having accomplished th. ormaity Mr. Haggcrt informed
M that he Ray Arz to look into some property
with an evident effort selfmpoanD in which he
had an interest Courtesy demanded that ask him what his
property
Copper" said the hectic little The Arizona-Ray
mine" He broke of fit of coughing The biggest strike IN
years he resumed beathesy Right next to the Ray Conso-
dated and higher grade than any they struck
No need ask where he his information 1t OBJ
viouy the echo of the advertising which had first in New
York and in Dallas
Have you got much in it1' asked
My pile.
Aren't you afraid'- oegsn but he me off.
Safe the Treasury he declared Backed by of the
biggest mining operator. Los Angeles: You ougha their
Offices Mahogany furniture Imported rugs. Swell stuff W. L.
Wilson & Co. Maybe you've heard the name9'
Big people, continued Mr.. Haggert voice somewhat
subdued by another coughing fit i was lucky twenty
five share twcntyseven right afterwards
They ought begin dividends month Then I'm Easy
The doctor wanted to lay off for a b-hc rubbed
weak chesso thought Id and look the prop
erty guess I'm fixed for life It's big thing Arizona Ray.
Better look into it.
Fate evidently wled that should look into Arizona Ray
and follow that wildcat trail the end SO when reached
Phoenix about finding Of the material of the
poaon When search of any kind of crooked advertising
Far West time and trouble generally be saved by looking
in the Angeles Times for very little the line of fakery
in this part of the without its percentage
the pockets of Harrison Gray Otis the proprietor of The Times
In the of Ray there rather special link between
the newspaper and the wildcat which extended beyond the ad
vertng the department will appear presently With
The Times a basis. ekcd with of the lesser papers
able obtain fair layout of the comprehensive
which the truu Mr. aggcrt had put his dollars All this
checked up by the report of Chief Deputy Horace Blown of
the California Commission of Corporations who A
IONA to investigate Arizona Ray and whose report model of
thoroughne and speaking has been issued by the
warning California investors under the blue
sky law Incidentally If all states had such law and
official energetic and fearless Commissioner H. L. Carnahan
10 enforce fraudulent promotion would soon be a lost art
In its main outlines here the Arizona-Ray scheme, the
advertising claims by W. L. Wilson & Co. and other lesser
rcrn, being paraeed with the facts forth Mr. Brown
document or as observed by myself subsequent the
OF the mine:
The Advertising The Facts
Great stress laid upon the The Arizona-Ray mine
adiacence the Ray of twelve claims discarded
the Ray Consolidated worth prospecting hold
OF the great highly profitable patenng by the Ray
copper properties Of the West Consolidated the advice
Il b;,h Cat