The citizen-Republican. (Scotland, Bon Homme County, S.D.) 1???-19??, 1919-04-17
How to Know Fake Stocks.
From the pearborn independent.

Hang on to- you Liberty bond. Put he acid test to the promises Of every
promoter who tries to persuade o to. part with government securties
Don sell YOU bonds II you can possibly avoid It,, an in n case dispose of
them for other securities init you are assure tha o ire not buying worth-
Iessp paper. Don't take the promoters word FOR the safety o the investment
which, eo offers. Ask your government, through your bank-any bank-whether
h stock offered to III is good stock.
The stock salesman III tells o h can't wait usually means that liz
doesn't dare to wait He may be IN a hurry because he is ony q Jump m a
half ahead Oft h law.
The stock swindle, 1t should be noted, is not necessarily a :. Rufus wu~
Hngford, resplendent in a white vest a sill hat, epAs, a cal and a few dm-
monds. probabilities are that h In n o way resembles the mental picture
Oh nay have OF a promoter OF worthless securities
He hs many ways Of approach M most of them are copied from the
methods employed by legitimate business. Eem Ia approach you personally or
resident OF your community knowingly or unknow1ngy acting as the agent of
sinister interests And the chances are also that the stock shark who is after
enough SO tina after ou have rennquMhed your bond or you money yu ean-
no. reach him..
eay to se. Once yu And them beware oft the bal. that Is offered
These signs are, first: the very great willingness OF thu promoter to AXE
investment which Re Offers will pay big returns Immediately. The former ia
new but tn latter is old. #H#
II the stock broker h approaches yu contrasts the return IN which
the Investment h offers with that whicny you are getting o your Liberty bond
ddeprecates III value ofc Hngng to your government paper III him
But thre is a duty devdving upon o which will not permit to drop
the matter here. There is a better way of handling h CRATER than y merely
mission andis hi idea around which III campaign for eliminating these swir.
drs is built |@8#
VI ma "a received, or lacking that whatever data you have on te nd-
vidual who has tred to get you bonds, together with he name Of tn stock he
Ia offering for sale. #4@## &4@4# ## &se@
II the investment is a safeo m you banker will tell you So. But II ii n
doubtful or IL the. banker has 10 Information concerning It. h will report the
ase to h federal reserve board. When that report reaches Washington the
government will interest ITSELF 1t viii determine whether: the stock offered
to % is II vaue III whether the promises made for 1t are fase or tue. 1t
will. in this manner, be uniformed Of stock schemes n it car through the
federal trade commission, take u the cas- much sooner than will be possible
Iii is compelled 10 wait several months for complaints from investors who ara
fnaiyc convinced that they rave been defrauded. ~
Do lot under m circumstances be fooled by the stock swndlers statement
that III banks and big business" are against him n deprectate his stock be-
cause they want to seize control o. his company. That is another old dodge.
The legitimate stock broker will not object to government investigation Such
tmen and concerns 10 nt fear Investigation. They welcome 1t ecau they
are anxious to protect their standing and their line OF BUSINESS by wedding out
the crooks who 1--we o N borrowed regulations.