The Ocala evening star. [volume] (Ocala, Fla.) 1895-1943, 1921-05-23
ASK YOUR BANKER
Before You Invest in Any Sort of
Stocks or Bonds

fabulous returns on money invested in
his schemes. All that is necessary to
become rich quick, according to his
spiel, is to "invest" few hundreds or
thousands of dollars in his company
and the wealth and luxury you have
so long desired in yours. Each year
people who can iii afford to lose the
money, "invest" millions upon mill
ions in this or that get-rich-quick
scheme and never again see the prin-
cipal Invested" or one cent in divi-
dend Nearly all of the concerns in
which the general public is asked to
invest and which employ stock sales
men to go far away from the home
of the concern to sell the stock are
unsound-many of them outright
swindles; otherwise the stock would
be eagerly absorbed by the people
close to the concerns home and stock
statesmen would be unnecessary.
When approached by salesman of
stock in foreign concerns, ask the
salesman why it is necessary for him
to get so far away from home to sell
the stock if it is such a gilt-edge
proposition; ask him if he has called
upon the local bankers and let them
in on his proposition and if so how
much stock they purchased; then in
vite him to go with you to your local
bank to talk over the proposition with
the cashier or president of the bank.
Banks and bankers are in position to
know the value of the stock offered
and if they invest in it you may feel
sure that it is safe proposition,
otherwise you had better hold fast to
your money if you don't want to be
:"stung."
Several local concerns are offering
stock in local propositions, each one
of which will promote the develop
ment of our home town and each of
which, while not promising a fortune
for a farthing, does promise legitf-
mate return for the money invested.
If you have money to invest, look into
the local proposition. Ask your banker
| as to the relative safety and attrac-
tiveness of the local proposition and
those offered by foreign stock sales
men. We have three banks, any one
of which will be glad to advise you in
such matters without cost-and their
free, advice may be worth hundreds
of dollars to you.-Punta Gorda
Herald.
The foregoing is very appropriate
in Ocala and, most likely, in many
other Florida towns, at present. We
have learned that another bunch OF
locusts have just descended on this
city. and that they have already founC
one victim, hardworking farmer
who tho worth a 40-acre lot full Of
such bloodsuckers, has succumbed t.
their wiles
1t is absolute foolishness to buy OF
stock from anybody who offers to sci
it to you on the promise of its yielding
you big per cent every year. Mei
that own or have stock in paying OF
wells are not selling the stock. Will
the present demand for oil, which
shows no sign of decreasing as Ions
as there is any oil in the world, a maj
who has an interest in it can turn hi
money over in year or less. Their,
is no possible chance of any solven
oil firm sending agents out into tn,
country to sell their stock in small
amounts and at big discounts. If
man has good oil stock to sell, he cal
| sell it for cash without leaving hi
premises. The oil territory is crowd
ed with men anxious to buy and i
the men now exploiting Florida ha,
any honest stock to sell, they woul
, not be here.
COUNCIL SHOULD PROTECT TIL
PEOPLE
The people of Florida are not &C
customed to this species of swindle
, and have no laws to meet the case.
a man can secure permit from tn
state controller. state official can
interfere with him; unless, of course
some man who thinks he has been vic
tlmlzed swears out warrant.
But the city can put the kibosh o
them if it will. We understand on
South Florida town has laid a licens
tax of thousand dollars a head o
every wildcatter that comes with
its limits.
: 1t is the duty of the city council I
, at once pass an ordinance compellin
such men to pay heavy license to
. business in this town, and to publis
e their names. They could of cours
sell out in the country, but it woul
cripple them greatly unless they coul
operate from the town.
In the meantime, we sincerely az
! wise all our readers: Don't buy O
stocks, automobile or any other stoc
from people you don't know. Don
e fbuy it from anybody except on advic
Of your banker or one Of the be.
lawyers you know. There are plent
y of good investments you can max
e but you will have to seek them. The
won't come to you and beg to be take