The Medina sentinel. [volume] (Medina, Ohio) 1888-1961, 1920-01-16
WHY TRADE BONDS
FOR PETTY STOCKS?
u. S. Bonds Pay Interest Reg
ularly; Wildcat Stocks Spas
medically, If at All Home
Stocks Safe.
FRUIT-GROWING PLANS
NEVER BRING FRUIT

RUIT-GROWING PLANS
NEVER BRING FRUIT
Every week schemes bob up with
the purpose of taking U. S. bonds,
and money where the people have
saved it-from the possession OF
hard working people who have saved
bonds or money, or both. The shark
speculator don't like to see good
bonds or money in the hands OF
frugal people. The shark wants to
see it in circulation, and he wants to
be the chief party circulating it.
Bankers and men in control of big
enterprises that are legitimate re-
joice to see small moneyed people in
vesting in good securities-and then
holding them. Bankers especially
loath to see people who hold good
government bonds duped into ex-
changing them for stocks and bonds
in wildcat schemes, for these wildcat
schemes will leave them in posses
sion of worthless securities, their
savings gone never to return.
Medina has been storm center
for the scattering of stocks and bonds
that have none too good a face pre-
sentation. U. S. bonds have been ex-
changed in many instances on flat
tering promises of great dividends;
dividends several times what these u.
S. bonds pay. But why the holders
of these stocks will trade them for so
small dividend earning bond, when
the stocks promise to pay so much
more no salesman has been able to
explain. It is easy of explanation,
however; you get your U. S. bond
dividends, while the stock dividends
are highly problematic.
These fancy stocks-and they are
fancy lithographic gems of printing
run from land schemes in the Far
West to wonderful manufacturing
propositions in the East and Middle
West, oil and gas schemes the coun-
try over, gold and rich mineral
stocks from the Klondike to the
southwest, etc. The stocks are all
very pretty, but how about the busi-
ness character of the propositions?
Here's the story Of one of the land
propositions: On the banks of the
Willamette river, above the falls, Is
miles from Portland, Oregon, an
orchard site was planted. Allotments
of 8, 5, and 10 acres were planted.
The fruit ranches were sold in the
East, on installments. The whole
tract was planted and the ranches
ran to the banks of the river.
Back of this allotment was the
town of Willamette Falls, burg Of
600 or 700 people. After the tracts
had all been sold, and many NEARLY
paid for, collections stopped. About
the same time citizens of Willamette
were told, in a quiet way, to hell
themselves to the half grown trees
Care for the orchard tracts ceased
people did dig up and remove thu
growing trees, and finally the acre
age became sight.
When collections stopped the oil
owners and collectors stopped pay
ing taxes. A little later, when peo
pie had satisfied their desires TO
trees, and no more tracts were bein,
despoiled, a man was sent in witt
San Jose scale and poisoned wha
few trees still lived. The mex
spring the fruit commissioners at
tention was called to the disease
trees, he had them cut and burne
and the cost assessed against tn
several lots.
The final act in the drama wa
then played: The tax collector wa
induced to sell the lands for taxes
Who would buy it in? Naturally
the former platters, for the town 0
Willamette Falls had now grown t
, a point that these lands were yer
! valuable for plating purposes TO
homesites, on the banks of this beau
tibul river. And as the owners sti
, lived in the East, did not know thel
own lands in any event, did nc
know what was being done to then
etc., these crooks were able to bu
= the plats in for song and then re
plat and resell at a good figure.
Every step in the discrediting q
, the proposition, having first receive
$ a large percentage Of the origins
selling price, was taken by the orig
inal platters. Not that their han
was seen in the scheme-for it wa
not-but it was their tools who dl
the dirty work and their money ths
bought back the lands, and whe
once the title was made secure the
, came out into the open and began
= again manipulate and sell the prof.
E erty.
!. Five acre plats had been sold Il
J $1,000, and from $500 to 5000 ma
; ; been paid in several instances. M
I one tree in the whole allotment WE
; permitted to come into fruitag
Within two years after the cultiv'
. ton was undertaken the new plan
I looting the allotment was hatche
and systematic work began to make
e successful. The men who did II
!, work were protesting christians, az
9 carried their Bibles to church reg
I; larly; in the steal they kept with
= the law.
g But those who purchased did
e "unsight and unseen," with the usu
: results from such a deal. The schen
A was a good one, and had it been CO
r, Quoted honestly would have proven
d good thing to all parties concene
L The men who manipulated it mi
r have been honest in their intention
IS but when they saw where they cou
make double money by a trick, a
re vet stay out Of the Pen, they work
y. it regardless Of who was injured
70 their duplicity.