Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1932-03-05

lALbuqnerqne "Oa Nea0s''l

No one likes TO be cLGssed sucker. But 1st a0Ro
are the suckers? In checking back the gears zoe ira
that the pOpuIcr conception has changed several times
First person sucker aUhO Invested IN 0"ytg 0s
real estate or real estate mOrtg0gesof course there
mn been no suckers ia those days there COd not haze
been the Industrial Development Cack has naGde tHs the
@sxcEsrs' schO became tobuIOasIy rich The ascrup-
Oas promoters qck to recognize that most peOpe
yDe for Iaed AS rsst land boom fOosCed land boom
Bcms loaded up avth nsOrgagesrsts seconds a'a etGs
directly and idirectg-theg too geTe keeping OF me
sucker list" and as result aOent 0Toke'
Then came the era sOhem man aCos a sucker unless
he cot into some manufacturing industry EVeyy little
community ka Inspirations of becoming Dig manufacturing
center qoether It sOas located on railroad not Near
ness to market on the merit of the product be produced
Of secondary Importance factory 'OCs the man
consideration.
Miao made nailiOmGires and then played to the
hitFThe same aOas ctk OH during and Jast after
the aOar No denies that lost bat more Average
people made fortunes than IN any other TOO industries
This encouraged the nscpOus to capitalize the results
Of Others
This resulted IN sustained campaign By the IN,
fauibIes" of Wal Street convince the public that all
persons Investing IN oil mining Uere suckers and that
the really smart thing to do aOas to bug listed soes
Foreign bonds real estate mortgage bonds like the 0ag
nGnciers and the banks doing play safe; don't
rronoDolies as the propaganda Eeveryome hOa0s te
results IN 1929 Some mag i0eu those ChO Ooughq
outright haze only experienced temporary paper loss
In oar handle opinion this Just so much conversa-
ration 0ith 100000 shares outstanding Oh assets only
sag $500 per share and earnings IN good times only
market price has lost ts00thirds of has original INCEST
Not because the corporation is not sound not be-
its business IS not profitable one, bat for the
interest than it north He did It on the con-
fdece he had IN the BIG nancies yet It amounted to the
for 0enty dollar bA In doing he did not create
penny of OedLh hour Of honest employment
the transaction merely of tr0dSngthe
Investment did not reach the treasury Of the corporation
to be used for additions to buildings, machinery or the
purchase of rGW materials
NosO jst sOko are the sucersg Are they the people
1cho invest only real estate mortgages, bonds mining
stock OIL stock OIL leases listed stocks OF those aChO pat
There is no such classification that is sound Or
honest There good fair and poor Investments on
specdatiOns IN every one Of these ctasslicatSons
Then the sucker the person OhO takes chance and
speaes TO better his or her position life and losesf
should not at all If it OGs done NTH eyes OPEN
The sucker the person ShO does not think gOr HIN
self, the s0ho fO1ogs the crosgd ke millions aga
during the Florida BOOM like Millions did during the stock
market BOOM The feLoW OhO Is 0ls0ays trying to make
profit by trying 10 0atsnaGrt someone instead OF invest
deveIop OeaIth Of Ckich he 0H receive
proportionate share.
The mon or uOonun sOho thinks and acts according to
his her best Judgment Ia seeking Gdvtce, tornlG
ton and then reaches decision ard q not GtrG.d q 0ho
others mag thank sag about that DECISIONS never al
sucker irrespective of the outcome OF the particular m
dustry ohether be OIL mining, agv1eure 6auksng or
automobiles 1t is the specific ievestenot the general
classification thGt IS of Importance
The person aoho is too lazy mentally think for him
self afraid of lChdt has friends may say TO BACK
s best judgment IS the sucker history has re-
oaeda demonstrated Mann Of the best business minds
81 the sOorld invest OIL mining ard every other real
BOND tide aDenIt producing enterprise and pay attention
ontsoever the subsidized propaganda Of the orgamzed
S8VesSmesa bankers to the contrary
Thsak think, think, and back your Judgment.