The Dawson news. (Dawson, Ga.) 1889-current, 1924-06-17
,pAI1 IS CHANGED
BY STOCK TAKERS
,prrAN SUCKERS S P E N T
AM Two BILLION LAST YEAR.
NV SCHEMES USED.

,.ev YORK, N. Y.-American
,..-s who swallowed nearly $z,oOo'-
S ooo worth Of fake stock last year
'rs biting again.
az Dat tbe bait has been changed In
od of using gushing oil the takers
''', . land their fish" with figs, pecan
w. ufpll-blooded hares" and farms.
Da agod the victims are biting more
l., than ever" declares Edward A.
r .Y. chief investigator for the ma
SCn .0I 1,;g;lance committee of the AS
llo .;ated Advertising Clubs OF the
T SyC-% and its 40 Better Business Blu
"o,,' Schwab has just returned from
f'a .,o weeks trip through the sucker
1,a w, moDping up takers in oil, tire,
land and other frauds.
They're Biting Again.
.ror short time after the con-
..;ons NJ the Texas oil ring" says
o eiJ,,yb "the sucker market frightened
~ the public refused to bite and the
t ~ dress under cover. Now a re-
action ha, set in.
STbe promoter approaches an old
lain, and saws. You have worthless
stock We viii take it from you and
4 srrbarge far some good shares. You
cor'+ lose anything. 1t will not cost
You cent.
registration fee, but that is to be
svoected. Then in a short time he be-
nm, to see results. His stock appears
y he worth something. He becomes a
booster for the organization-and a
s,der on to other victims His friends
Uet soakcd-and he, too, in time.
u ~Where visionary oil wells once
soorted visionary barrels of oil in
H. for trusting stock-buyers, fig
arms now fourish-on paper only.
s. swamp lands, miles from nowhere,
re- being sold for $500 an acre on the
P-omise o.. making $4,000 in ninety
lays.
Il set out 10 visit one of the larg
s. Of these new developments, but
Ever saw it. for two and one-half
nilas off the main road on the way
the farm we got stuck in the mud,
nd had to get a tractor to tow us out.
Legitimate fig growers in the Rio
5-ande country have organized a Wig
ance committee to combat these ia
ers But they are finding the going
ard for foremost in the activity is
old promoter, who has been an ex-
ert at foreign trade, silk and oil de-
eopments. He is proceeding on the
heorv that once a sucker, always a
ucker. and is using the list of his old
ictms. These victims are drawn
rom every phase of life.
Children Victimized.
1T seems that no one is immune
Tom their lure" says Schwab. Farm
rs widows children, business men,
Fachers, the clergy-all can be found
the lists
Children have been among the VIC
ms Of a New York company selling
bbbits at SIS to SIS a pair on the
romise Of rebuying their numerous
rogeny.
Farmers seem ready to fall for any
nd propo-aIs-either buying or sell
g One 0 The simplest fakes was
orked by 81. Louis company which
nt out a ,snd seller guide with an
rn0uncemcrt: DO not open. This
Ealed envelope contains list Of $50
m buyers, If interested send 81,
her wise return" Most of the re
FLYERS paid the $2-but few, if any,
und buyer Tor their farm
Land always has the greatest lure"
ys Schwab New developments like
ussel Shoals are always a fertile
I'D for the ;aker.
Professional persons, doctors and
like have become victims of
Iechons scheme which is being
Perated in illinois and Texas.
But there are new stunts being
pied or continuously Once it is oil,
en- land then automobiles
he courts are too lenient with
csc crooks. As result a faker
en- after conviction, is able to
Me back and work his game again.
know one man, only rs years
who has been mixed up with six
tour promotions"