FINANCIAL "JOURNAL" FRAUDS.

The multiplicity of these schemes led to the establishment of the

"financial paper," designed, according to the publisher's statement,

to guard investors against get-rich-quick frauds. To the police these

papers are known as "special form papers." The editor comprises the

staff. The contents consist of financial matter usually stolen from

reputable journals, a formidable array of financial advertising, and,

most important, "reports" on investment concerns. For a consideration

the "special form" paper tells its readers that the "Cotton Mutual

Investment Company" is sound and reliable. The manager of the "Cotton

Mutual" buys as many copies of the paper as he wants, as it has no

regular time of publication, and can be run off in any quantity at any

time with the article boosting the "Cotton Mutual." The get-rich-quick

manager then sees to it that the paper finds its way into the hands

of his "sucker list," or list of names of persons whom he hopes to be

able to induce to "invest."

Therefore, when reading want ads. in the newspapers, consider

carefully the nature of the promises made. If they are too rosy, too

high-flown, have nothing to do with that ad. or the man who inserted

it. You may depend upon it that it is a fake. There are no great

armies of persons walking about this country seeking to give away

something for nothing.

Twenty Years a Detective in the Wickedest City in the World · 第 645 / 744 题