Newspapers / The Franklin Press and … / April 23, 1926, edition 1 / Page 6
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THE FRANKLIN PRZS5 FRIDAY, APRIL 23, 1S25. ran i s m LtaffltH nmJ F ftlNg to w I WOi,i kKUHU itiio ARTICLE NO. I lyyTUCIl of the distress of many people in America today is -1VI .due,, not to the fact that they have not had an opportu nity to earn and save money, but to the fact that they have lost their savings in fraudulent schemes of one kind or another. Many a widow is in financial ciiffi- jlty not because she was left penniless by her husband but because she lost her inheritance by 'investing it in "gold bricks." Many a bank de- posnor wno once carried a nne uamnce is pemu' mv.v ...... If1 4 & "'t' 4 I"V"JTi ' 'ess today not because he did not know how to V&'VW save but because he did not know how to invest, Jh Perhaps if I relate some .wild-cat promotions 13M that give an insight into, the activities of invest ment sharks it will quicken a relentless determi- tmajusssxt nation to provide depositors with much needed w. r. :Morehouu advice in inVestment matters. I have come in per sonal contact with many cases, some of them al most unbelievable because of the very crookedness of the schemes to defraud, yet thousands of our hard-working" savers have been led to invest their savings in these promotions. In giving the high lights of certain cases I am not drawr-f Ing on my imagination in the least, nor am I relying on hearsay, but glr Ing first-hand information. Unbelievable but True ' Many millions of dollars have been -lost in oil The sura is staggering. Into ever corner of the United States 'the mails carry high-powered sales talk of great riches to be made inil. Carried away by these promises, de positors quietly withdraw funds from their banks and send them on to wild cat speculators. Not one out of a hun dred has ever recovered the money he Invested. Still wild-cat promotions 'Continue to flourish, with a new crop of victims coming up to take the place "Of those who are forced out of the excitedly i back to the derrick, wrench in hand. "We have drilled to the 'Bell' sand!" the lecturer shouts, bringing cheers from every high-preSsure salesman, followed by a chorus of voices from the surprised audience. "We can bring in a 5,000 barrel well -if we care to, but if we the 'Meyer get a 12,000 well!" he "G o o n go deeper to sand we can barrel adds. deeper! W-y'SW ''CI W on down!" shout . 'iTA'lkC H t most in unison, fol- '. VB ; i. jlmrricou Vournol 4f mm The Fake Oil Stock Sale Was Opened With Prayer running because they have already lost their savings. Listen to this oneH It is a typical case. A tract of land, Just ordinary land, nothing about it to indicate here is oil beneath the surface. An oil rig, a few tools, half a dozen -strings of pip are close at hand. A large show tent filled with chairs that will seat several hundred people. It Is 10 a. m. The sun is shining bright ly, and it is a glorious day. ' Presently several large bu3ses draw 'up loaded with people ranging in age from fifty years to eighty. A 5orps of ' ligh-pressure salesmen rush out to greet the arrivals and to assure them chat they are most welcome to what -will be the next great oil city of America. The aged and feeble mind ed, are tenderly conducted to com lorUbie chairs uudor the big tent. 'In plain view cr those seated as they peer out through the flap of the tent ietands majestically the oil rig spat tered with crude oil and nearby is the big oil sump also filled with oil. Through an ingenious circulating sys 'tem oil from the sump flows into the "Veil and back into the sump through 3i pipe in full view- j 1 F.eligious Revival Methods . , Presently the official lecturer calls ". tho meeting to order. The impression , he creal.ee is that he is either a min ister or has studied for the ministry. He opens the meeting with prayer for the success of the venture in oil. After prayer this sanctimonious gentleman tells how he haa invested ail of his, own earnings and all of his children's savings fn the venture, so confident. Is lie that It is to he an oil gusher and all are to be made rich. :( Ee charms his audience with hte oraory.. He Impresses tbem with his 'fconcsty. He calls their attention' to oil In plain view, intimatin ; that it 'Is from the welL And while he is pamting before them, figuratively apeaking, luxury and old ago comfrts they invest In the "A-A" Oil Com Vany. the foreman of the rlsr rushes in, his clothes spattered with crude hjSL He is excited and almo-t out of Tbmth as he reaches the si ictlmonl -cms lectu'-pr. A ;?w wnrtK 3 whi ' gisters tuxas of via 4ry on his face. '1 be t'orLhinn rubbS lowed by cheers from the listeners. The zero hour is at hand. The time has come for tho high-pressure art Ists to sign up the listeners for units. The salesmen "hit while the iron is hot." Nearly everj listener is signed up. Tho W who hesitate are 'orgot- ten only momenta rily, for the. tables are brought in and the big free lunch made ready. As all sit down at least one salesman is at every table. The work cut out for him is to sign up the few ho escaped the first "pulling of the net." and you may take jiy word for It few escape. One by one these old people, under the spell of being rushed into the deal, pay ove"r their cush, sign notes or turn over good securities for units in tho "A-A"' Oil Company. This picture oftan oil speculation may seem too crooked to be true, but It is a real story of how thousands of savings depositors all past the age of fifty, lost over half a million dollars. This story is one of many hundreds that might be told, all of which havo ended disastrously for millions of in vestors. (Article 11 will reveal further fraudu lent schemes for robbing workers of their savings.) Truth and Advertising . Have Made America Great Truth In. news columns and adver tising Is the foundation of America's prosperity, Melvin A. Traylor, Second Vice "President American " Bankers Association, recently said, adding: "Continuance of our prosperity rests chiefly upon continuation of the great est of all causes for our present good times trutfi in news columns, truth over the store counters and truth in advertising. World-wide acceptance of great discoveries and inventions has been due to the fact that the news papers truthfully described them and the manufacturers truthfully adver tised them. If deceit had been' the general rule, if the motto had been 'sell quick and let the buyer beware,' the public would have turned against the new things. I recall one particu larly larM firm which, three yars ago began advertising its wares falsely; it is today hopelessly bankrupt. "Wiae advertising costs nothing. You have only to increase the sale of your products to the point that covers the' advertising charge to enjoy the enlarged business without cost. The natural saving in overhead is extra profit for dividends r for further ex pansion," ' . INFORMS WORLD ABOUT CAROLINA Mis Elizabeth Kelly, Formerly of Macon County, Broadcast Talk About Recent Transformation and Progre of the State. (Charlotte Observer.) Raleigh, April 16. That part of the nation's radio audience which tuned in on station WS, .of Ghicago tohigjit got an earful about North Carolina's health and publici, welfare progress, for Miss Elizabeth Kelly former president of the State Teach ers Assembly, and one of the main stays of the co-operative .marketing movement was on the air. ' She broadcasted the) fourth of a series of six radio talks on Norjh Carolina's transformation and prog ress under the auspices of the Sears Roebuck Agricultural Foundation. , The health work that Dr. W. S Rankin- started, and which Dr. G. M Cooper is carrying on rider the state board of health, and public welfare activities under Mrs. Kate Burr John son's Board of Charities and Public Welfare,' were featured. "North Carolina," Miss Kelly pro claimed t.o the worfd, "today ranks as one of the most healthful states of the Union. Coincident with the tre mendous development of agriculture and industries in the state during the last 25 years has b'een ah improve ment in general health conditions no less remarkable. For the past six years the state has maintained the highest birth rate, and a death rat approximating that of the registra tion area. , ; "This development in public health is due to intelligent efforts of the state board of health, now in its 49th year, under : whose leadership ha? been developed a system of loca1 county health departments now num bering 35, which serve more than one-half of the 2,800,000 people of the state. North Carolina is investing annually over a million dollars in pro tecting and promoting the -j public health. Her people find it one of the Lest investments that are being made." ' Of the State Board of Charities and Public Welfare, Miss Kelly told her ralio audience that it is' admitted to be "unusual in that it has good laws to back it up and a commissioner vho fearlessly undertakes to admin ister the laws, having reference, of course, to Mrs. Johnson. "The board," she declared, "tries constantly to show the public that unsatisfactory economic conditions poor educational facilities, inadequate programs of public health, public welfare and social and mental hy giene are some of the factors that go into themaking of those for which in stitutions must care." . LIFE INSURANCE The, only absolutely sure plan of leaving money to your estate or loved ones is through OLD LINE Life Insurance. , . , I have been writing such insurance for over 25 vears. Send age or. see me for particulars. M B. LENOIR WASHINGTON'S ORDERS REGARDING PROFANITY General orders issued by Washing ton' to the American . army in July 1776: "The General is sorry to be in formed that the foolish and wicked practice of , profane cursing and swearing1, a vice hitherto little known in an American army, is growing ii? fashion. "He hopes the officers will, by ex ample) as well as influence, endeavor to check it, and that both they am the men will reflect that we can have little hope of the blessing of Heaver on our armies jf we insult it by our impiety and folly. Added to this it is a vice so mean and low, without any temptation, that every man of sense and character, detests and de nounces it." , THE SWEET GIRL GRADUATE MILADY will be more than grateful if "Her Gift", A on' graduation day comes from our beautiful se lection of Lavaliers, Rings, Chains, Lockets, Pins, Bracelets, Strands of Pearls or Flowers for the Cor sage, One of these exquisite gift? will be the sinu plest and most appropriate1 way of making her the happiest and most excited little lady in the land on that great day that comes but., once in her lifetime. These gifts are charming and inexpensive. LADIES SPECIALTY SHOPPE MRS. W. J. ZACHARY DR. E. P. COFFIN 'Optometrist (Io Thermal Hotel, Rutherfordton, N. C.) Will Be In FRANKLIN, N. C Saturday, April 10th, and Saturday, April 24th At , ' SMITH'S DRUG STORE EYES EXAMINED GLASSES FITTED If your eyes burn, hurt, become tired when reading or blur and "glimmer," your troubles can be ended with properly fitted Glasses. DONT ABUSE YOUR MOST PRECIOUS POSSESSION! HAVE YOUR EYES EXAMINED!! Broken Glasses Repaired. SMITH'S DRUG STORE "Fishing Tackle That's 'Fit For Fishing." That s the kind we have. Flies, Rods, Lines, Floats, Reels, Creels, Sinkers, Leaders Any thing you want, whether you fish for Trout or go after a "Muskie," we've got it. Bill Moore uses a special fly. We have it. . '. v , Just take a look at our window. "Service And The Best" is our motto. Kodak Developing fct Soda Fountain FRANK T. SMITH . THE PRESCRIPTION : DRUGGIST 7
The Franklin Press and the Highlands Maconian (Franklin, N.C.)
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April 23, 1926, edition 1
6
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