Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1922-12-18
OWNERS OF WAR SAVES;
BE .CAREEUL.

Within fortnight the United
States treasury will pay to own
els Of War Savings Stamps $685.
100000.
That's a tidy sum, worth the at
tention OF business men. This flood
Of ready cash turned loose in the
cnannels Of legitimate trade and
industry, viii add much prosperity
to that already enjoyed by the ma
tion-at-largc.
Treasury experts estimate these
securities about to be redeemed are
owned by several million investors
They represent the smallest unit Of
war bends issued by the United
States government, and were TAX
en- originally by persons of small
means. Many owners Of War Saw
les never before owned-or saw
Z treasury Jond. The most of
them are inexperienced in fianan-
oial matters.
Fake oil stock promoters may be
classed among the shrewdest
wolves on tie financial plains. They
know the inexperience of many
owners of War Savies. And, be-
ing INSCRIPTIONS gentlemen, they
are planning to take advantage Of
that fact. Hence we say to own
crs Of these securities in Americas:
'Bcwarcw When glittering pros
peetuses reach you through the
mail or otherwise, turn them over
20 your postmaster at once. Ask
him to refer the matter to the
Department of Justice for investi-
cation. Don't invest one nickel Of
your real money in any stock
company or oil promotion scheme.
Think tm over: Who have you
he most confidence in, your local
banker, or some individual ongag-
ed in selling stock guaranteed to
return enormous dividends" while
money is plentiful for those with
good security in New York at 4
per cent ner annum. Do you
prefer TO be advised by stranger,
or by men you know and with
whom you associate daily? viii
you be guided in making invest
nents by such men as l.. G. Coun-
Gil, Frank Sheffield and George r.
Ellis, or do you prefer to cntrust
your savings TO strangers? When
you need financial assistance, who
supplies your need; your local
bankers, or some stranger in New
York or California?
Just now much insidious prop
uganda directed against savings
banks is flooding the country.
5os5 of this propaganda is being
financed by promoters of Califor-
MIA and Texas oil companies.
Abncr Davis, Of Los Angeles,
Cal, IS a leader in the attack be-
ing directed against savings banks.
ie is quoted in one of his own
advertisements as saying: Il say
10 you, that no man ever got rich
drawing M on savings deposits. "
'phe phrase is a catchy one well
calculated to disarm the unwary
small investor. But let's look into
Davis record as disclosed after
an examination by the National
Vigilance Committee of the Asso-
ciated Advertising Clubs of the
World.
Probing into Davis past, the Wig
lance committee found that gen
tleman had promoted just seven
teen stock companies-all of them
rank failures. Notwithstanding
this fact, each company found its
own list of hundreds of gullible
investors.
The trick through which Davis
gained a hold on thousands of
credulous investors was by the
presentation Of a so-called scien-
tifc invention known as the radio
scope" which was presented as an
infaliible means of locating oil
by means Of radium. In his adj
vertising. Davis asserted that the
machine would revolutionize the oil
industry, and prospects saw Wis
lons Of wealth that eclipsed the
days Of 10 Funds were forth
coming, but the well located by the
machine was dry and hundreds of
investors failed in their exrccta-
tions Of great wealth.
For blatant self-exploitation,
the advertising of still another
promoter, Hog Creek Carruth, of
Fort Worth, Tex, caps the climax.
n bis advertising he modestly adj
mits that wherever men meet to
1tell stories Of great achievements