PORTLAND. Ore.. February 28—-
, lth super-schemes of fraud being
dbveloped in all directions by high.
wered salesmen “who are bocom~
Iii: more and more crafty every
". the time is at hand lor the na-
on's‘ bunkers to put forth re-
‘ ublod efforts to protect their sav-
lhxs depositors from tho wiles of
cells. it was declared here today
W. R. Morehouse. viccopresident
ofl' the Security Trust & Savings
nk of Los Angeles. He spoke be-
re the Western Regional Savings
’ntcrencc or the Savings Bank
litivision, American Bankers Associa-
ton.
1‘ Mr. Morehouse. using nctusl in;
noes. of these modern schemel.
described 'how chain selling plans.
., conducted on lines that would insure
of the promoters. are employed to
cheat working girls out of their sav-
ings. lie also told how a recent
lampaign tor distributing stock in
an unsound corporation brought to
the promoters over 31.000.000. in'
lommissions in three months and
took the savings oil thousands of
it mall investors, and of still another
*se in which religious revival meet-
s: methods. staged in a tent on a
take oil (lold equipped with make-
believe wells and pumps. were used
» in a. big stock soiling drive that im-
,: povcrished a large group of elderly
men and women.
“I know one man who withdrew
340.000 from 0. savings bank and in-
vested it in one of these promo.
tions." Mr. Morehouso said. "He
told me it represented the accumu-
lations of a lifetime. 'And now I
have lost it all' he. said in .a
\ trembling voice. 'and I_hsveu't n
fient left and I are past sixty years
‘0: ago—too old tolwork'. he added.
"Although our bankers are doing
great work in teaching thrift. still
they have fallen short in one per-
». ticuiar, for they have failed to help
the saver at a point. when they
should be most helpful 'to him.
Bankers spend millions of dollars to
"encourage savings. and the fact that
‘ over 43, 000. 000 people in the United
States have savings accounts is evi-
dence that they have been very suc-
cessful. Why leave these 43.000.000
savers at the mercy of sharp, glib-
tongued pirates of the investment
ileld? Why not take another for-
warrl stop and help these savers to
conserve that which they have
saved? With only here and there
an exception. our bankers are doing
bewam of fake schemes and ill-ad-
v ed promotions.
, .“Unloss our savings bankers come
0 the rescue andhelp to stop this ne-
farious business otv defrauding and
swimming our savers ot‘ the fruits of
, ieir labors. the waste is certain to
increase each day. The solution to
this great problem is in the hands
or our bankers. If they will co-
operate with those who savo they
can make it hard- for-these plun-
derers to continue in business. Hos-
rcn the day When our- bankers. with-
out excepiion. will gladly welcome
interviews with depositors who con-
template making investments.
~ "When you have fortified your de-
ositors against the skln~game art-
ists then encourage them to have a
high regard for the reputable sales-
man and all reliable investment
firms. “Like all lines of business
black sheep have crept into the 'flock.
Crafty promoters have invaded the
investment field. They must be
shunned. while investment firmssnd
salesmen of responsibility and in-
tegrity should be supported. Let
our banks unite in a movement de-
signed to protect the depositor
against the schemes of the wild-cat
promoter—in a movement that will
save our savings depositors from
despair and from poverty as a re-
sult of having .lost all—in a move-
ment that will turn into legitinute
investment channels the millions oi‘
dollars which are now wasted'on'
fraudulent schemes of one kind or
another. The best service a bank
’-n render a novice investor is to
cop him from making poor invest-
ments by helping him to make good
on”...
._._...___.___——
' AMISS ,
She (scornfully)-—Last time 'i re.
fused .you. you said. you'd shoot
yourself!
Ho—Yes, but I missed.
l
A bonus of $5 ' is 'given to each
teacher .in the, public schools _of
Rochester. Minn. as an expense aid
‘ -f the State or division. Attendance
posed by the‘superintendent. .
”Tum "'h '
mum... cannon
:‘ ”Ii Murm‘
ANGEVINE
. vings Must Be Safeguarded, Bankers Hear-
‘ Told How Aged Man Lost $40,000, Lifetime
Savings, By Buying Fake Stock.
their breaking down to the benefit‘
nothing to warn their depositors to _
n attending education conventions .
of all teachers isrequired unless at
There are nearly 4. 000 picture the-
aters. lame and small. in the British
isles. and at least it. 000, 000 persons
visit them every week.
W
Since the first mutton-Paris alr-
planes began flying in August. 1919.
British civil machines have carried
more than 60.000 passengers between
London and the Continent.
5.. or Evenston. 111..
GIVEN T0 YALE
W. S. Mason, Yale ’88,
Donor -- Many Not-
able Editions Repre-
sented In Collection.
NEW HAVEN. Conn.. Feb. 20.—
Five hundred volumes by or about
Marcus Aurelius Antoninus have
been given to the Yale University
Library by William Meson. Yule '88
according to
m,.7svsumossurnmm§ouru warmth: goons. ' 5 ‘
announcement mode by the univer-
sity today.
“The books tell naturally into two
groups. equal in number." said Am
drew Keogh. Yale University libre-
rlun. in describing them. “The ma
zroup consists or editions and trans-
lotions of the philosophical medita-
Uons ot the emperor. or the arisin-
al Greek text there are an editions.
Of the translations two are in htin.
six in Italian. 34 in French. 135 in
Enxlish. 33 in German, tour in Don-
lsh. and one in Dutch. “say 0!
these issues are rare, two boint 0!
the sixteenth century and It at the
seventeenth century." The collec-
tion. according to Mr. Keogh. evi-
dences tn. attraction thst the book
has bed for many and diaerinl
minds, and the widespread. apprecih
tion or the courage. consolation. end
calm to be found in those stolen]
soliloquies,
"The second group." Mr. Xsolh
sold. "is one of the editions Indie V011 may tind them at home.
PAGE NTNE‘
translations or the work of Antonio «mum is Slims."
de Guevara, s Spanish Franciscan
billion. who died in the middle or the MOSCOW. The first performance
sixteenth contury. The Mason col- or the drama. "Cuihoriuo the
Ieotion of Guevara includes four vol. (ii-cat," ended in e (moody when
union or the original Spanish. tiva lllti hero shot uml killed the "vil-
Lstm translations. 29 Italian. 20 lain" in the pliiy, the plate] being
French. nine English. 10 German and loaded.
eifllt Dutch.. Fifty-six ol’ the Guc-
varss are editions published in the
sixteenth century, and 33 of the
seventeenth century."
'l‘wvlve Invalid children 01' Wash-
ington School - l'lstrlci, Hartford.
Comp. receive in lhrlr homes the
same course of instruction as the
children in the roitulur grade school.
A teacher visits the invalids rctulur~
ly two or three times a week. and
and each child progress individually
sceording to his capacity. mental
and physical.
“MOLE" EXPLODES.
INDIANAPOLIS. Ind.. ~— When
Jewell Ferrner threw I. bottle con-
taining "white mule" whisky into
the kitchen stove while police were
raiding the pines the bottle explod-
ed and her dress caught fire. The
women was srreeted after the
flames were extinguished.
m
The chief denier ot going visiting
Bookings or steel castings in Jun-
uary totaled 84.233 tons. as against
32,932 tons in January, 1935. ac-
oordlng lo the Department ct Com-
merce.
enter this
i1: FAME!
. it? answers!
Cut out time
‘ atom on
otter! lines,
name than and
“strict? Game.
831:»!
SPECIAL PRIZES
of $600 to teachers
whose pupils win!
. See Rule 4
Hero is a new Patriotic
an opportunity to win one of
Simply follow these rules:
" 2?:th
Can YOU Name Them .7
Picture No.
DAILY NEWS. Ne- Yorl'oflshn N
PATRIOTIC GAMB— ~11“ HALI- OI
‘ DAILY NEWS New York's Piston Newspaper
PlCtul'e NO- 2 PATRIOTIC dAME—THE HALL or mus
This In ,
11
This II the onus of e greet general who led the Union Army
to victory dllling the Civil We: and who his: become President
of the United States.
Here are Ictorce
No. .l a No. 2.
Cut them out.
Get Picture No. 3
in Tomorrow’s
DAIL Y NEWS,
New York' ePl'cture
News aper.
Big ash Prizes
for best awewers!
This famous patriot. writer and diplomat was born in 1706.
e was s signer oi {the Declaration of Independence. He is
credited with the discovery of lightning.
SPECIAL PRIZES
of $500 to teachers
whose‘pupile win!
See Rule 4
__—‘——-___——_
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————~_—-—‘
This in
Writs hm the nuns of the Great American those picture sppeers shove.
—— *— ——— —. ~—
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For Best Answers to This New Patriotic Game-THE HALL OF FAME
OTE the two pictures shown above. Note
the clues also. From the pictures and clues
can you tell who these famous Americans are?
$10, 000. 00 wi
Every man,
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Norwalk Chronicler