alone to undertake a civil suit or enlist the aid of the
authorities. The poor seamstress has no way of knowing any of her
fellow unfortunates. Hence the utter impossibility of cooperation
in seeking to get back their savings.

As an example of the fiscal agent, there may be cited the concern
of Douglas, Lacey & Company, already mentioned, a concern which
in four years, through its operations in this country and in
Canada, culled from the people of this country, according to its
own statement, over $2,000,000 in exchange for stock certificates
in more than forty varieties of mining companies. Here is a
letter written to a woman by this concern four years after she
had invested all her savings in the stock of one of these
companies through this concern, showing the advantage of the
fiscal agency plan:

DOUGLAS, LACEY & CO.
Financial Agents
66 Broadway.
New York Cable Address "Douglacey"--Anglo-American and Bedford
McNeil Codes Telephone, 790 & 791 Rector

DEAR MADAM: June 2, 1908.

Replying to your favor of June 1st would say that we do not find
in our files any recent letter from you, and your letter
addressed care of 44 Wall Street has probably gone to the Dead
Letter Office, from which you will in time receive it.

Now, in reply to your question, we think if you are at all