Newspaper Page Text
*.awvj.'u'i ps&T I SPK? i»mfii ifnfmm 1 •l«i»V H. %L'.M!aII1,S Miyn-Mi. Conspicuous among the enemies constantly preying upon the wage earner while he is fighting the bat tle of organized labor, is the invest ment swindler. He has all the craft of a wolf, his purpose seeming to be to attack the workingman from the rear while his attention- is absorbed by the forces facing him. And these promoters of the small investment swindling game have grown so in numbers, in boldness and in cunning that their attacks must receive atten tion before their depredations amount to quite as much as the losses which might come from unfair wage scales or unjust restrictions upon labor. When a workingman engages in a struggle to advance the cause of or-! gauized labor, he feels that he is do-! ing something substantial for himself,! for his family, and. for his fellows. And so he is but if he turns over to the fake investment sharpers all the concrete results of the advantage thus gained, how far ahead is he? How much more of comfort can he give himself or his family as a net result of the transaction? It is time for the wage earners of America to awaken to the fact that they are being systematically swin dled by the small investment brokers, and swindled out of millions of hard earned dollars every year. Unless they arouse themselves and protect their savings they might about as' well go back to the old labor conditions, since there is not much practical choice between giving the fruits of honest toil to an over-reaching and unjust employer and handing them over gratis to a systematized project for swindling. In my opinion there is no class of people so fit to drink the dregs of hu man contempt as are those who glut themselves upon the small savings which the wage workers have slowly and patiently put away in the family stocking. And if I could know that this word of warning would be the means of deterring workingmen who read it from investing their savings without flrBt JOHN MITCHELL. Working the Wage Workers People Should Be Careful of References, for Big Men's Names Are Often Obtained by Fraudulent Means and Unauthorized—References Should Never Be Taken for Granted. By JOHN MITCHELL, President United Mine Workers of America. making a thorough in vestigation of the proposition offered, I should feel that I had rendered a service to the wage earners that 1 could look back upon always with sat isfaction.^ _If therejs one sacred duty pHiii ic :. yaw^'rvr, 1 ,-T. £-•, -r, *. Vi resting more heavily than another upon the shoulders of the working man, it is that of conserving instead of scattering the small surplus which belongs to his family. It is a most se rious responsibility and any man who is sensible of its weight will proceed cautiously, will sift the situation down to a hard and cold business basis, be fore he surrenders those savings to anyone, particularly to an unknown promoter of an investment "sure to bring large returns within a brief pe riod." There are several ways by which one can tell whether or not an invest ment offered him is sufficiently soli J, to warrant his putting his savingu into it. In the first place, use all the sober common sense you have, and this with a realization of the fact that as you cannot bargain advantageously as an individual with the employer who hires hundreds of men and is ex perienced in the art of getting the most for his money, neither can your untrained common sense be a safe guide when it comes to dealing with, men whose business is to dissemble Go to a man whom you know to be an honest man conversant with money and corporation matters and who can detect an investment fraud at a glance. Common sense—the shrewd natural ability to form accurate judg ments—is always at a disadvantage unless one has the best information upon which to act, and about the most it can do for a man under such circumstances is to cause him to eet the real facts before forming a Judgment and a decision. You would not think of trying your own case in court if you found yourself involved In litigation. Yet the majority of small law suits are simple in compari son with the devices which the invest ment sharpers have evolved. Thej" know that they can reap a golden har vest if their scheme is only presented properly and that they can afford to employ the most expensive aids in the way of crooked lawyers to defend them and to advise investors, and un scrupulous advertising agents to prepare booklets, prospectuses, and "confidential" letters. When these baits are so skilfully set that hard-headed and experienced business men (who themselves know some of the tricks of the trade), are ,'deceived by them, what chance do you think a workingman—whose finan cial experience is confined, usually, to making the contents of his pay envel ope cover the household bills-r-has to see through the mysteries of the prop osition? There are a few of these financial semaphores, however, which every wage worker should know how to read, and can know. At first glance they seem to show a clear right-of way, to give the signal to "come on" at full speed, with your savings ac count in your hand but when you know the rules of the road, you can see a red light—a danger signal— swinging from every one of these sem aphore arms. -y Here are some of the danger sig nals of this sort which are very decep tive at first glance: "This company is going to be kept in the hands of the common people and out of the hands of the capitalists." "The shares of this company have Increased 50 per cent, since our fiscal agents put the first block of develop ment stocks on the market, 60 days ago they will be advanced 20 points on the first day of next month and you must act promptly and remit at' once if you wish to take advantage of this handsome advance." "We need only a limited amount for immediate development work and in /order to secure the requisite sum without delay, we are making the con fidential offer of a bonus of one share of preferred stock for every ten shares of the common, which you can secure at 30 cents on the par value if you respond at once. Just as soon as our needs for development ex penditures are met by subscriptions on this liberal basis, it will be impos sible for you to secure the common, as it will be withheld from the market except on offerings of 60 cents or better." "You are taking no risk, for our guarantee is behind every share of our stock. The Silver and Gold In vestment and Surety company is back of our securities and the Searchlight Investigation and Expert Engineering Association has made a detailed exam ination and analysis of our properties and stands sponsor to the world for them. In the first three months of operation of our properties, we have been able to pay our stockholders a dividend of 12 per cent., and the splen did ore bodies now in sight warrant us in assuring our stockholders that this dividend will be substantially in creased in the next three months, ow ing to the increased facilities of pro duction made possible by great addi tions to our working equipment." These are only a few of the most glaring statements contained in the "confidential" circulars and letters, displayed in advertisements, and made by solicitors, to draw money from the pockets of the wage earners. There are scores of other and more subtle and clever baits in every mode of ex pression, but they all spell one word, and that is B-U-N-C-O. How do I know it? How do I dare make so broad a statement? Because we have had times of unprecedented prosperity for so long that millions of dollars belonging to capitalists are ly ing idle or drawing only small inter est. As a result, the sound securities and the solid investments are snap ped up by men who understand values. These men command large sums, and in order to secure all the money re quired for a solid and honest enter prise, it is only necessary for men having real investment "opportuni ties" to go to them and convince them of the merit of their propositions. They will not permit to slip past them any chance to make 33 1-3 per cent., or even 10 per cent., provided the risk involved is not too great. Which is only another way of saying that when a concern must go forth with blare of trumpets to secure money from the wage workers, the proposition it has to offer is not only not worth consider ation, but it should be left severely alone. If it were sound to the core, idle capital would be put into it be fore the "confidential" letters to pros pective wage earner investors could be printed. And this feature of the matter stands out in its true light when some thing of the cost of selling stocks by an "appeal to the common people" is understood. Not long ago a Chicago concern which had gone to the "peo ple" for its support went into the hands of a receiver. Wage earners and people working for small salaries had put $100,000 into the enterprise. When the receiver began his examina tion of the affairs of the company in order to determine how much those at the head of it had diverted into their own pockets, he was amazed to dis cover that the entire $100,000 had been spent in "getting the great miblicltv A 0 A Every young person neecls a business education and it costs no more to get it at this great Business andTelegraphicTrain ing School, under exact office conditions, than at one of the small questionable ones. The results are, however, very dif ferent. 350 D. B.C. pupils went to excellent positions in banks and other business offices last year—over 400 will do so this year. All the Fargo banks em ploy D. B. C. pupils as book keepers, tellers and stenogra phers. No other school offers such evidence of endorsement^ by business men, 0 campaign started!" They had com mitted the error of making Bome particularly flagrant misrepresenta tions and this put a period to their plans by sending them to the peniten tiary before they were quite ready to do the actual looting. There is Just one thing for the sen sible workman suffering from an at tack of the investment fever to do, and that is to go to a solid man of financial experience, a trustworthy man, and ask him to ascertain for him who are the men behind this wonder ful "opportunity" offered to him find out what their "records have been in the past, and what they are putting his money into, as well as what there is and who there is behind their "guarantees" and "guarantors." When you have done this you will find, in all probability, that your fever to get rich quick haB cooled to the freezing point. (Copyright. by Joseph B. Bowles.) THE FARMER'S OPPORTUNITY. During the coming winter months the farmers of North Dakota as well as the citizens of the state generally, will have exceptional opportunities to keep abreast of the. best agricultural and scientific thought thru the admir able series of farmers institutes under the direction of superintendent T. A. Hoverstad. It is planned to hold two institutes in every county of the state where practible, one or two places the county. The sessions will be one day sessions with evening sessions whenever the instituie force remains over nijrht in the town where the insti tute is held. How may a town secure an institute? Supt. Hoverstad is now at work on the schedule, and will be guided largely by the interest shown by requests from the various commun ities for institutes. If you want an institute, write Supt. Hoverstad at once, at the State Agricultural college at Fargo, N. D. All that is asked on the part of citizens is that a place of meeting be provided and that the citi zens co-operate with the institute in making the institute a success, par ticularly by securing 'a good attend ance. Individual citizens, commercial clubs, women's clubs, any person or organization may begin at once to help along the farmers institute move ment. In case of conflicting applica tions, Mr. Hoverstad will make the best possible choice of places to ac comodate the largest number of inter ested persons. The list of speakers and subjects is now being made out. Prof. Shaw, a practical farmer before becoming a college professor, who is widely known thruout the Northwest as a valued ad viser, will particulary treat the para mount of farmers' problem in North Dakota—the preservation of the fer tility of the soil. Practical farm ques tions along the leading lines of agri culture will be treated in every pro gram. The farmer will be put in touch with the best books and bulle tine dealing with subjects that cannot be exhaustively dealt with in the in stitute talkj. Special attention will be given local questions as suggested by correspondence prior to the in stitute. The institute work will represent the experience and special study of train ed and practical men, and by the net work of institutes over the state the coming winter it is hoped that the practical problems of the farm may be better understood and better met. The Servant Trouble Again. "I've gone every day this week," sighed little Mrs. Wimple, "to look at a perfect love of a hat in Smith's window. Such -a darling white chiffon affair, Edward, with great big bunches of perfectly exquisite white roses and such heavenly lace! But the price— well, I wanted it tremendously, but I couldn't afford to buy it." "Perhaps "You're a dear, but there isn't any perhaps. I paid the cook to-day, and what do you think? She marched right down and bought that very hat!" Money To Loan On Real Estate M.B CASSEP & CO. Sherebrooke The PIONEER—$1.50 Yegqmen Visit Blabon. The Holt store at Blabon was burg larized Tuesday night. The safe was blown open and the contents of the safe consisting of about $300.00 in cash was taken. $83.00 of the above amount being'postoffice money. Nitroglycer in was used in the job, and overcoats and merchandise were piled on the safe to deaden the sound of the ex-1 plosion. It was evidently the work of1 professionals. Entrance was obtain-! ed to the building through one of the back windows. Up to the present time there is no tangible clue as to the identity of the party or parties who did the job. Sheriff Standley and Deputies are working on the case. Epworth League. Asocial was held last Friday even ing in the basement of the M. E. church for the purpose of reorganizing the Epworth League. A large number were present and first part of the even ing was very enjoyably spent in play ing games of different kinds. When these grew tiresome a short program was rendered consisting of a reading by Miss Grace Smith and one by Miss Hettie'Amsdall, after which light re freshments of pop-corn and candy were served. During this part of the program the regular official business and election of League officers was carried on. Opportunity was then given for all desiring to join the League to do so, by signing papers passed around for that purpose. About twenty-four were thus enrolled. The crowd then dispersed feeling that both a pleasant and profitable evening had been spent. Will A Dollar Do? It certainly will. One Dollar will open an ac count at this bank. One Dollar deposited weekly to that account will soon accumulate a good sized balance. As your savings increase month by month, year by year, when thus set aside in a savings account,you will bo astounded'' to learn just how much a dollar will do. You want a bank ac count—we want to assist jou to have one. It only remains for you to bring in your first de posit and you will be 'on your way.'' A DOLLAR WILL DO First National Bank, HOPE, N. DAK. The Result. To "market," to "market," A fortune to win Home again, home again, Shorn to the skin. —Puck. Done. "Of course," said the visitor, as ha came in to bother the professional humorist, "I'm not any good at this business, and you can fix it up to stilt yourself and—well, I don't want to take up too much of your time, but I thought maybe you could work up something about success d'estlme, steam meaning hot air—success d'hot air—see? You could work it up and sell it somewhere." So we did.—Puck. A Risk. "Many a man has, by simple econ omy, laid the foundation of a for tune." '"Yes," answered the man who doesn't figure closely, "but by the time you get your fortune, you are so liable to be grounded "in habits of economy that you won't enjoy spend ing the money."—Washington Star. USINESS Our Business Course prepares for business life, or for position as clerk, or bookkeeper. The: new course in Commerce and Banking (endorsed by the Bankers' Associa tion) will supply bookkeepers for the larger concerns and tellers! and cashiers for the Northwestern banks. The Stenographic Course (under an expert reporter) trains high-grade stenographers andi court reporters. The stenographers for the U. S. District Court, N. D. Supreme Court and the Cass County Court are D. B, C. pupils. Can any other school offer you this evidence of superior train ing? N. D. A. Notes. A number of students have to find paid work in order to continue in col lege It is not always an easy mat ter for the new student to find such work. Realizing this the Y. M. 0. A. has organized an employment bureau, and has already secured places for a number of boys. Lieutenant Governor R. S. Lewis of Fargo addressed the student body at the regular convocation exercises in chapel atllo'clock on Monday Nov. 18th. His subject, ''A Right Kind of a Start in Life?' was made concrete and interesting, iand given by a man of so much experience and practical success, the address was doubtless of great benefit to all. It is due to the efforts of Mr. Lewis that the bill was passed providing for the mill tax, which has furnished the institution with an annual income sufficient meet the running expenses. to Cattle dipping has been practiced to quite an extent through this portion of the country, and in most cases has proved a success. It is not so much a means for tfie cure of the scab, Or other skin diseases as for prevention. The apparatus at the college is a good example of modern arrangement. A" hole 8x4x7 feet deep is dug in the ground and farmed in. A cage is built to fit the excavation and so con structed that the animal.can be led in to it. A cable is attached to the top of the cage, run over a pulley above and fastened to a traction engine. The proper proportion of water, soap and kerosene are put into the pit and boiled by means of steam. The cage is then lowered until the solution cov ers the animal to the head. North Dakota is not to remain for ever a fruitless prairie. Experiments at the college are convincing people more strongly each year that with the expense of a little time, patience and judgement, fruits can be grown sur passing ihose of older fruit growing sections. The garden department here has had very gratifying results from the experiments on strawberry culture. In a good year the berries are superior to those on the market here and demand a better price. Put the young plants out in the spring, cover them over with straw in the fall and the next season will find them in good bearing condition. V. C. Normal Notes. Last Wednesday evening, teachers and students had the privilege of hearing the Chicago Glee Club, which consisted of a quartet of men, one of their number being an impersonator. All performed their parts well, and the club deserves the name which it has, of being one of the finest in the land. Miss Lura L. Perrine, a former teacher here for many years, will spend the winter in Florida. She is curator of the museium, and shows her great interest in it, by collecting spec imens for the school during all her travels. The beautiful statue of Joan of Arc, which was presented to the school, by the class of 1907, has been placed in the library. The school was address in chapel, Saturday morning, by Hon. John M. Anderson of Grand Forks, a former graduate of the school. On Saturday "was played the last game of the foot ball season, between the Normal boys and the alumni of the school, among which were Hon. John M. Anderson, Principal Ernest Hilborn of Enderlin and William Westergaard of Williston. The weather was ideal, and the game was interesting from start to finish. The game resulted in favor of the Alumnij the score being 9 to 4. The students are looking forward with pleasure to their home going for Thanksgiving vacation, which will last from Wednesday Nov. 27, to Thursday morning Dec. 3, school be ing held next Monday. The choicest of bulk oysters will be found at Meyer's. A Telegraphic and Railroad Course (under the direction oi an old train dispatcher) furn ishes operators and station agents for the G. N„ N. P., Mil waukee and Soo roads. The train wires run into the school, all their blanks are furnished and R. R, auditors lecture and give instruction on R. R. ac counting. The roads guarantee positions to all D. B. C. gradu ates. For catalogue and full in formation about any depart ment, address, F. LELAND WATKINS, Pres., 9-11 Eighth St. So., Fargo, N. D.