Stories from Everybody's Magazine by Various
page 31 of 492 (06%)
page 31 of 492 (06%)
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Another kind of bait offered is that of the "prominent name."
This has proved more useful in England than in this country. Whittaker Wright was able to secure members of the nobility for his boards of directors, and the English public swallowed his schemes one after another, bait, hook, bob, and sinker. In this country we have no lords whom we dearly love, so the names of prominent literary or scientific men sometimes are employed by wise promoters. A "prominent mining expert" is excellent bait. Some good men have been used in this way, and the bait of their reputation in other lines of activity has served to make ignorant and innocent people of small means swallow the hook hid in the lying statements which they have perhaps innocently, certainly ignorantly, fathered. We are all familiar with the literature of this class, sent to us under the guise of personal and intimate confidence. Always that part of the communication is followed by the blackfaced type where the stinger lies concealed. The words AT ONCE usually come in capitals, as do LAST CHANCE, and PRICE POSITIVELY WILL ADVANCE AFTER TEN DAYS. Millions and millions of dollars have been extracted from the public by these means. There is no law against it. "ADJOINING" MINES--GOOD BAIT Then there is the same old argument about wonderful properties "adjoining" such and such a dividend-paying property. Very often the properties are miles apart. They might be within twenty-five feet of each other, and one still might be worthless and the other rich. The profits of old and famous properties very frequently are given in advertising literature of this class, "to |
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