Evening star., 1921-12-29
WILDCAT SCHEMES
|SCORED BY SPEAKER
Eugene Thompson Tells Ro.
tarians of Methods of
Promoters.

Detailing various methods resorted
to by promoters of fraudulent securi-
ties in the District Of Columbia, and
declaring that never in its history
was Washington so honeycombed with
get-rich-quick manipulators as now,
Eugene Thompson Of Crane, Paris &,
Company. spoke in support Of the
blue sky" legislation now before
Congress at the weekly meeting of
the Rotary Club at the New Willard
Hotel yesterday afternoon.
Mr.. Thompson gave statistics show
ing that more than 100000 was
mulcted from the citizens of the Dis
trict each year through schemes.
E! that if carefully analysed, could be
detected by child"
He said that the great influx of
CROOKED brokers" to Washington of
housecleaning now being conducted
| by the state of Maryland. due TO the
passage Of a fraudulent securities act.
| "Of the 200 questionable operators
| driven from that state" said Mr..
| Thompson more than forty have
| opened offices in this city"
Mr.. Thompson said the government
clerks and small salaried employees
| were the prey of the "vultures." and
| related several specific instances
| where young women had given up all
| their savings for investments that
| were absolutely worthless" He con-
cluded his address by urging the
! membership to support in it's fullest
the act now pending in Congress.
Perfect Attendance Recorded.
| Operating the new bell presented to
| the club by Charles $. Corby, Presi-
| dent Charles W. Semmes, after call
! ing the meeting to order. announced
club at the Rotary Riddles Christmas
| Pack was 100 per cent, the first time
! the perfect record has been attained
in the history of the club;
Following brief talk by Senator
| he described activities of the Reno
| Rotary Club. Charles Demonet intro
| duced Master Robert Sayles, secretary
| of the first American Boys Club. who
| thanked Rotary for its interest i'll
! present to attend the exhibition to
be held by the organization at Con-
vention Hall. January II to IA;
! On the motion of George Harris.
| adopted by International Rotary. the
! club voted to change certain require
ments for attendance at meetings.
/! Past Presidents of Rotary Edward
| Roland Robbins. Charles J. ONeill
and Daniel J. Callahan then con-
graduated the following Rotarians
| for their activities in the Christmas
| party held by the club: John Hulse:
John Shoemaker. John Newbold, Paul
Lumm, Fred Sheppard. Harrison
| Howe. Maurice Horton. Frank Shipe,
! William Russell, William Radcliffe.
| Don. Stewart. Fred Seibold, Carl
| Casey and Beverly Smith.
Urges Concert Patronage.
AR Callahan further asked the
clubs attendance at u recital to be
given at the National Theater. Jan
uary G, by John Mccormack, for the
benefit of st. Roses Technical School
for Girls.
! Out-of-town Rotarians present in
cluded: G.. l.. Grouse, .Johnstown, Pa;
~. c. Fenton. Houston. Tex; ]. j. Des-
| mond. Cory. Pa; George E. Wilson.
Springfield, Mo-; John H. Dawson. jr.
| Shreveport. La; Burl r. Johnston,
Charlottesville. ILL.,: James ]. Hogan,
Vallejo. Calf; J. NJ. e: Smith, Char
lotte, Mich: Marlin Willy. Sault Ste.
Marie. Mich. and b. L. Spellman.
Beatrice, Neb.