Deming graphic. (Deming, N.M.) 1903-1948, 1919-10-14
WHY NOT GET ToGETHERs

A period OF uncertainty Is usually a
period OF extravaganza and specula-
tion. II was 40 during the reconstruc-
ton period following the Civil War
and II Is certainly true today. News
items from the capitals OF Europe In
dictate that never before has so much
money been squandered ON entertain
ment that debauehes. Gambling is
feverish and amnsements sensational.
Our own country II less affected
than European countries, because we
bore the strain and loss of war much
shorter time. While the people right
here In Deming complain OF high
lprices and business depression, they
are spending more on the luxury of
good living and more In chasing dame
fortune In the guise OF speculative
stocks than ever before. The city is
being "bled white" by promoters OF
more or less worthless stocks. A let
ter with an appeal for money seems
to be all that Is necessary TO arouse the
gambling spirit. Hard earned money
Is put In an envelope and sent away
TO enrich clever promoters. wildcat
stocks. according TO statistics. are In
larger demand than gilt edge securi-
ties everywhere And the spectators
are the small investors who formally
would buy little or nothing not coming
well recommended Government se
curities right here In Deming are beg
ging, while the money, said to amount
to more than $300.0O0 has been sent
out in payment for the widest OF
wildcat oil stocks. How much better
IL would have been had this money
been kept at home for the purchase OF
wartime securities or legitimate de-
velopment so badly needed In n coun-
try whose rich resources have been al
most wholly neglected.
IL has been suggested that Deming
may have oil within Its own borders.
IL Is conceivable that this may be
true, but II Is necessary to put down a
test well before it can be proved. II
seems impossible 10 get foreign capital
10 take the chance. Well, why should
not Deming citizens take the chance
The money would be spent here at
least. There are very few little inyes-
tors who wouldn't take chance on
from $50 to $1,000, IL they were satis-
their money. The way the thing looks
now few hold the leases, but are un-
able or unwilling 10 develop. They
can't attract outside capital without
handing over the bulk Of their holdings
and they can't claim the little fellows
support while refusing to let him in
ION the ground floor"
II the numerous local oil companies
would forget their dream OF wealth
induced by "lease grabbing" combine.
and let everyone In on an equal foot
ing, test well could be easily put
down here. VIII they forget their
dream OF VIII they hold on and hold
up development?
Success In any plan here depends
wholly ON a combination of the few
m0nied men of the city with the null
titude of small fry" People are
spending their money. Why not outline
plan OF mutual benefit TO all? You
can't hardly expect small investor
to deliver over his cash TO company,
whose incorporators are supplying
Mimbres Valley land leases and hold
ing out enough TO make them rich
through the sacrifice of others Why
not dump 1t all into pot and share
according TO the actual cash con-
tributed?
There Is a movement on foot to this
end and the Graphic hopes the big and
! little investors will see fit TO bet their
cash on II.