The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-01-17

country. Wa patented BY . seattle
IMAM. who actually pioadod for naonss
nase to got q concern started IA this
city for tho production u IL Daa be
set any asalatancsf lie did not
Answer. This man took II k.ast and
Il ~aa financed within " dayA To-
day this man Ia ono Of tho wealthy
gnen % the country. and one ol the
hAatsrn cities has a bls payroll Ia
consequence. HI-AT.rLIgs LOsA
The Hoffman steam pressing ma
chino was patented ~ soAtIlc naAa.
Could be set any assistance hsrs7 lilo
could not Answer: Financed In
syracuse. n. r. In a period Of 90
dAyA Today Hoffman IN a wealth,
man and seattle lost another plsaf
that would have brought Thorn q rsoo
payroll SEATTLE 8 LOsA
A psteat roller skate was brought
cut la Seattle last yesr. bat could set
no assistance hero Answer III
nAnoed In Chicago In ~ hours and Ia
q going concaFn with 100 por cent
success ahead
A street and sidewalk machine q
toy you might call 10. was patented
by a Seattle man. Seattle lost II for
the want OF financial assistance.
Answer: Los Angeles got It and to-
day Il is a going concern.
Why was IL that the PalmoIivn
Soap Co. did not locate hsref
Why was II the Goodyear Tire Co.
did not locate hare7
Why was II the American Can Co.
did not locate hercf
Why was II tho Lang Stove Co.
could get no assistance to Increase
their factory when they had thres
years advance bualneas In their ordar
lists7
Now for the blue sky isws BY ali
means let us have one, altho person.
ally l don't think IL viii protect tho
small Investor. but 1t will protect tho
banker and the man with big money.
Other statos have found that the blue
slsy law IL farce and a fraud. You
can't legislato brains into the public,
and II they want to buy stocks they
viii do 70. OF course the banks
want 70 be exempt under the blue
sky law, but at tho same time they
are the biggest speculative PROPOSE
ton In tho country, as they take all
and give practically nothing In re-
turn. IL you put $1,000 In bank
what do you got for security The
scratch Of a pen. You don't know
whether you can get tho money to-
morrow. The answer 10 this IA thu
Scandinavian American. It's sure
fino for the bankers and It's no won
der they pay from 20 10 80 per cent
on their invested capital.
Has IL ever occurred 70 YOU. Mr.
Editor, that the losses OF the defunot
banks In this state in the past three
years run many millions more than
all OF the stock losses that have ever
taken place. We might classify banks
as a necessary evil. To say the least
they are all more or less parasites.
and should loo classed with the real
estate agnnta
Any business In speculative. ana II
YOU no TO a bank for advice pertain
ing to some particular stock. and
especially II II IL n local stock, what
do you get. Mr.. Banker advises you
that the stock Is speculative and at
the Same time either sells you some
OF his own that no gets a nice fat
commission on or tells you TO open
a bank account no that he can get
you one way or another. Good ad-
vice for the banker.
A few months ago a certain lady
In tfIa s.tfs ha
sand dollars which she wished TO loan
on first class piece OF University
property. which would bring her In