The Arvada enterprise., 1922-03-02

In recent report filed by the attor-
ney general Of the United States 1t ap-
pears the Department Of Justice now
has pending In court. largely because
OF the violation OF the postal laws,
suits and indictments involving n total
OF $l4OOOO,OOO extracted from the
pockets Of the people by get-ricli-quick
promoters. In speaking Of the amount
involved. the attorney general says:
'It0would take one Judge working
twelve months year, one million
years to clean up the docket"
And the losses, the result Of mail Or
der frauds are small indeed compared
to the losses resulting from direct
sales by clever promoters. 1t Is esti-
mated that the total amount Of money
| Of which the people have been robbed
through schemes of various kinds In
the last few years. would amount to
more than $l.OOO.OOO.OOO.
"Why," one naturally asks, do the
people so easily part with their mon
eyw The answer Is not hard to find.
Because they prefer to accept the
word Of some clever stranger who
comes appealing to their prejudices,
their likes and dislikes. their greed,
rather than go to their banker, their
lawyer, or someone who could give theta
honest and correct financial advice.
Since the recall of the NOnpartisan
League officials In North Dakota and
accurate audits have been made Of the
booka, 1t Is evident that here was one
scheme which, in the final analysis,
will cost the people Of that state an
enormous sum of money. Before the
League secured political control the
total indebtedness, including bonded
Indebtedness, was around 100000.
Now the total indebtedness Including
bonded Indebtedness Is between 81 7,OOO..
600 and 100000. The actual loss Of
money by the farmers who literally
bought stock In the many schemes ad-
vanced which were to put "Wall
Street" out Of business and make every
farmer rich over night, the money 80
secured going to fatten the purse Of a
number of socialist leaders, many OF
whom were not even residents Of the
state, Is appalling. The amount col
leeted for membership fees Of the
farmers In many states will run into
additional millions.
And this Is hut one Of many organ
ixations engaged in rObblng the people
| Of their hard-earned money, and rob.
bing because they find It 10 easy to do
10. They come with clever and theo-
retical schemes to overthrow capital.
lsm," or engage In some other slight.
Of-hand performance which IL going to
change poverty into affluence, dis
tress into happiness and the unframed
and unskilletl man into a great finan.
cier over night.
When a man wants legal advice he
goes to a lawyer; when he wants med
ical advice he goes to doctor; when
he wants his auto repaired he goes to
l u ulucUIulSls ! WuCl Wuul0 OAG&u tuV
goes to bakery, but when II comes
to making financial Investment he
steadfastly refuses to consult his hank
er, the man who knOws-wh0se busi.
ness 1t Is to knOw-and accepts the
word Of any stranger who happens
along. Why don't he go to his banker1
Well, that leads to another angle to
this whole subject.
In this nation there II a great army
| of men and women who engage their
time in seeking to undermine our form
Of government and destroy our bust.
ness institutions. Many Of them know
full well what they are doing: many
Of them do not. However. whether
knowing or not. the harm they are do
ing Is equal. They never miss an op-
portunity to find fault with the banker,
with the capable and successful busi-
ness man; find fault with this or that
industry; say things which offer sug-
gestions that the banker does not have
the welfare of the whole people at
heart; that he wants to secure the
strangleh0ld on all the money and that
because Of this he In not to he trusted
in giving advice on financial matters,
There are something like hundred
organizations in this nation right now
engased in pouring poison Into the
minds Of the people, primarily that
they may weaken these minds and 80
extract little easy money Some
come seeking fees for memberships |;
others funds to save the "starv-
Ing Russians: others money to
"defend" some radical who has
violated law Of this land.
And they all denounce and decry the
good Ahings. and hold aioft and wor.
ship the bad. Their work In not for
9ood-eood for any one but them
selves; their purpose Ia to create un.
rest and distrust and gather In dollars
while 10 doing.