The Panola Watchman. (Carthage, Tex.), Vol. 35, No. 26, Ed. 1 Wednesday, January 1, 1908 Page: 2 of 8
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and to act without making any In-
quiries of them. Again, some man ol
prominence and grant faith may hava
been, at tho atart, a believer In the
enterprise and willing to any, within
certain limitations, that hue believed
the venture could be made a success If
conducted according to certain plans
and under given restrictions. This
does not signify that he will continue
to retain that confidence or that he
Is willing to be understood as giving
the venture his unqualified endorse-
ment or to say to the public which
respects bis name and position: "Cothe
and share this enterprfte with me:
put your money Into U, for It's a
good thing.” But you may be sure
that his name will always be used to
create this Impression If „tbere has
ever existed a shadow of warrant for
using It, under whatever restrictions.
Therefore, take nothing for granted
with regard to refeumces or other
names which appear in the advertis-
ing matter'"of a coirbern which applies
to you for the privilege of spending
your savings.
But let me place special emphasis
upon the crafty use which these com-
panies make of the names and the ser-
vices of reputable "trust" companies.
I use the word “services" because a
trust company may execute a “trust"
In connection with bonds, stocks,
property or securities, without "really
assuming any general financial or
moral responsibility for those -securi-
ties or without becoming a sponsor
for them. In a word, the trust com-
pany may engage to act as an escrow
agent to see that a certain technical
transaction Is completed and nothing
more. That means this: The trust
company consents to hold the stakes
between two parties but without the
slightest responsibility as to the .value
of those stakes or what may be done
with them after the stipulations as to
the conditions precedent to delivery
have been fulfilled. Because a trust
company acts as the trustee of a cer-
tain "bund Issue there Is no warrant for
a prospective Investor-Oo feel that the.
resources of the trust company are
in any sense behind those bonds as a
guarantee of value. There are almost
as many different kinds of "trusts” as
there are different transactions; the
trust company undertakes the respon-
What tea Wattt
■In the electrical world one heard
and rendu a great deal about
“watte.” Tha ourrent la meaeur-
•d b>f wglU; the machinery ie
rated by watte; lamp* burfTi by
watte. To. the ordinary layman
all thie talk of, “watti” is ae
mystifying as the death of the
late’Akwood of Swat.
The man to whom we ow* the
idea of the horsepower waa- a
Scottish inventor, James Watt,
and when the eleotrio involving
the idea of working‘ oepaoity
came to be formulated the name
of Watt wae>ohoeen to indicate
thie unit, just ae that ol Volta
waa given ue the term ol volt and
Faraday the farad.
Watt considered that taking
the average, a London dray Horae
waa oapable of doing the work of
lifting 33,000 pounda through one
foot of distance in one minute of
time, against gravity, thaminute,
gave tba unit of power or the
Don't neglect your coufftL •
Statistics show that in NeW York Gty
alone over 200 people die every week from
consumption.
And most of these Consumptives might
be living now if they had not neglected the
warning cough.
Yeu know how qilickly Scott *s
Emulsion enables you to throw off a
cough or cold.
> ALL DKUCCISTSi 00c. AND *1.00.
fading distance they tell us there
is a charming valley that drinks
the diamond dew of morning and
bathes in tha liquid sunbeam,
clad in a verdue of everlasting
green and dotted ail over with
flowers of every hue and shade.
Beyond the Blue waves of the
pathless ocean they tell us there
is a clime from which the mellow
sunlight of the spring never de-
parts, that is laden with the
songs of birds of note and plum-
age, and peace, easy and plenty.
Beyond the curtain of dark-
ness that hangs over the gloomy
night there dwells a picture of
morning, a picture of fresh, new
life that seams to wake and move
and breathe away the 'misis and
they tell ue its fore ground is
hope and its back-ground is
pleasure
Beyond the aches and strug-
gles, the tears, the disappoint-
ments, the hitter trials and the
wavering labors of time we are
taught is an eternity whose high-
est poseiblities give promise of
oalmer hours and sweeter rest.—
Exchange.
rate of performing work. This
or its equivalent has evar since
been called a horiepower.
The electrical unit oallcd a watt
is capable of being represented
in terms of the horsepower, and
in that form it is perhaps more
intelligible to those who are fa-
miliar with mechanical rather
than with electrioal expressions.
The electrical watt is the product
of volts multiplied by amperes,
where the volt is the unit of elec-
trical pressure and thenmpere is
the unit measuring the density or
volume of an electrical current.
Careful experiments have dem-
onstrated that 740 watts per
second, arc equal to 650 foot-
pounds per second, or to state
the equation in its usual form,
740 watts equal one horse power.
The form in which electrical
power is generally sold, is com-
puted on the basis of kilowatt-
hours. The prefix kilo comes
froroe the Greek Chillioi, one
thousand. A kiloywatt, written
also k. w., is therefore 1000 watte
The kilowatt hour is the perfor-
mance or work at such IT rate
that 1000 watts per second shall
be delivered continuously for
one hour.
The kilowatt-hour has a special
interest for the man who’ has bis
office or house lighted by electric
lamps, because the kilowatt-hour
ia the unit upon which the power Guaranteed at all drugntomi. 15c.
and light companies base their ................ .
chargi
school reoentiy asked the pupils
_ • ** . „ of the seventh grade to sketch
••Toenjovfr^omfromchilbislna eTenie surrounding Julius
writes John Kemp, East Otiefield, , . . . . .
Me., -I apply Buck ten'* Arnic 9al—. Cmmmf <*«**•*
Have .l-o u*.l it to. Mil .heiin. claw wrote a. folk.w.:
with excellent results.” Guaranteed “Caesar was killed by the ides
for fever sores, indolent ulcers, piles, of March. Somebody told him
burns, wounds, frost bites and skin had better watch out for the
diseases. 25c st sil drugstores. idea, but he said he wasn't afraid
. of them. One morning when he rvm'tbo
Oeyewd. was going along the street a man hi «niyPad
, Beyond the beautiful rippling Mjd to him, the ides are here,
stream, just over the grassy And Caesar said, but they ain’t
knoll, there blossomed n rare a|| here. Then he went into the its powtlo
and richly tinted flower. They Senate House, and the ides were
tell us that it is so rarely beauti- over jn one corner. Directly one
ful that it may have blushed to of them ran up and stuck bis dag- °f alcohol
life at the touch of its rosy flush gw in Cssssr’s back, and then all nai Little
from a burning star. the other ides stuck their dag-
Beyond the pathless mourifoun gars in him, and be tell over and JJ***"^
that lift their blue peaks in tbs died.’’—Harper’s Magazine npM.
Robert ft
How to Sift **Sure Things
the term
to »<v«ry
v« it an a
; but even
<n a < vague
i ii irt not
11 may he
in apply
I’ll'an who
Miiilcman’*
Hit' of his
all'ic-, or
troubled
)i> ol luem,
ne title.
• h not a
.1 limit.—r
Crafty Investment Swindlers Who Prey Upon the Credulity
of die Laborer to Defraud Him of His
Hard Earned Savings.
BY ROBERT B. ARMSTRONG,
Poemsr Assistant Secretary of the Treseury.
had liven hie receipt for the “sealed
package said to contain valuable pa-
pers." a telegram had been sent by
the “fiscal agent” to “mall out trustee
circulars.” The man In this scheme
of course believed that, as the circu-
lars were being mailed out Into a ter-
ritory about a thousand miles from
tho city In which tho banking and
trust company was located the trust
officer who had been Imposed upon
would never hear of the misuse of his
receipt for a “dummy” package which
actually contained certificates of the
mining company's stock.
Why did the men who worked this
scheme to steal the moral support of
the big trust company go to so great
pains to get It; to make the transfer
of a sealed package containing Its
bonds? Because fake Investment op-
erators have found It profitable to
take every precaution to give the color
of legality to their sets; they have
found It profitable to hire shrewd legal
pilots 4o tell them Just how far they
may go In a given direction without
running upon the reefs of the United
States post office's “fraud order" or
upon the rocks ef a “conspiracy"
prosecution. These idiots for the
fleets of the Investment pirates make
a professional study of the art of,
The cleverness and boldness with
which the op-tod ate Investment swin-
dler plies his craft are almost Incred-
ible. Wherever you find a fraudulent
Investment scheme you will find both
ef these elements present In some de-
gree—but the compere live proportion
ef one to the other Is generally deter-
mined by the element of time of opera-
Making Good.
Thera is no way of making bistfno
friends like 'Making Bond;" and Doctor
Pierre'S medldnxM well exemplify this,
and their friends, after more than two
decades of popularity, a re niimts-red by
the hundreds ef thousands. They have
"made good* and they have not made
drunkards. __
A good, honest, square-deal medicine wf
known composition Is Dr. Pierce's OaMsa
Medical Discovers. It still enjoys sn Im-
mense sale, while most of the prepara-
tions that have eons into prominence tn
dttag who have been convicted and
have “done time" la Jails and penl-
taeUsrise bat have not yet learned to
prefer straight to croohdd finance.
Men of this character realise that a
“quick get-away" la a cardinal essen-
tial of success; they must complete
the transaction and get In the harvest
before there Is time for the public to
wake up and do any Investigating.
Consequently, boldness Is the big ele-
ment In operations of men of this
dose. And. although they may be Im-
mensely clever, daring rather than
enaalng will he the dominant char-
acteristic of their scheme.
The length to which the bolder spir-
its la this class will go almost snr-
passes credibility. Hero Is an example
ef the tricks to which they will resort
In order to create the Impression of
having the backing of men or Instlto-
ttens of strength and character:
Through Introduction by social
friends the local representative of an
tarveatment scheme was able to open •
^harking account with a hanking and
trust company la a big city—a com-
pany of so high a standing that It Is
very widely known outside of financial
heard of. Thera mast he dome reaxon for
this long-time popularity and that Is to
be found In Its superior merits. When
once given a fair trial for weak stomach,
or for liver and blond affections. Its supe-
rior curative qualities are soon manifest;
, hence It has survived and grown In nop-
A teacher In « North Crolin.
for a brief period, end then been as soon
steering tbelr craft Just outside thd*
line of successful
criminal prosecu-
tion. Take It In the Incident which I
have related: had these men been
prosecuted for falsely using the name
of the trust company or for obtaining
moneys by misrepresentation (the
claim that the trust company waa act-
ing as trustee on the Brits tt Fair se-
curities), en able lawyer could have
made out of the “trust" to transfer a
package of unknown contents, a very
plausible defense. Again, the mining
company was able to make valuable
use of the trust company's receipt for
the package by having facsimiles of
the receipt printed and distributed
among solicitors for the jtoeb- who
Were canvassing persons not at all
•'ef Ae National Pure Food Law. Gasnafee No. 2041. filed at Wj
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Park, R. M. The Panola Watchman. (Carthage, Tex.), Vol. 35, No. 26, Ed. 1 Wednesday, January 1, 1908, newspaper, January 1, 1908; Carthage, Texas. (https://texashistory.unt.edu/ark:/67531/metapth896414/m1/2/: accessed July 18, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Sammy Brown Library.