The Dillon herald. (Dillon, S.C.) 1894-????, September 02, 1920, Image 3
. SOME FAMOUS SWINDLES. I
fonil'i Cmc Recalls .Other Notable'
Babbles.
# ThePonzi case is. just one more addition
to the long list.of famous getilch-fluick
schemes that.have invariably
blown up with a loud echo.
"620 Per Cent Miller" spent several
years in Sing Sing in. financial retrospection.
Now Charles Ponxi, .the "money
S wizard*' of Boston, is behind the bars.
This crash of his "60 per cent in 90
days" scheme .found him, government
agents allege, with notes totaling $7,
000,000 outstanding and.possibly $2,
000,000 in assets.
Bnt Ponzi and Miller ere only "little
bubbles." f
Exactly 200 years ago a bubble'
burst that was.a bubble!! It was the.
^Mississippi Bubble" ?probably the'
most famous jet rich ptiick scheme;
in all history. Its founder was Jno. j
Law.
John Law was known as a cele-;
brated financier long before he started
in Mississippi scheme.
Starts as Banker.
4 In 1715 he settled in Paris and opened
a private bank. With the French
finances nearing the rocks, he conceived
the idea of exploiting America?the
lands around the mouth oT
. the Mississippi, which he claimed]
were "as rich in minerals as Peru and ]
Mexico,'' and which would soon yield j
tremendous profits to the French. j
A concern started with a capital of ]
about 120,000,000.
Two hundred thousand 6hares werej
placed on the market and were eag- j
erly bought. The great wave of speculative
mania swept France. The1
nricp of the shares rose soon to twen-!
ty times the original valu.e. Fifty
thousand additional shares were
placed on the market?but there were
more than 300,000 applicants.
Paris in Frenzy.
Public enthusiasm reached the
point of frenzy.
Meanwhile 624,000 shares had
been issued and the price early in
1720 of a share was about all times
the value of the original!
They were blowing bubbles in ParIs.
!
In America ? Law's colonizers did
not find gold and rich minerals in the
lands around the mouth of the Mississippi.
They found Indians, the Span-!
iards in Texas, swamps and a mighty '
river. They found the present city of i
New Orleans and Mobile.
100,4)00 Made Beggars.
In May, 1720, the government issued
a decree which cut the value of
the shares in half. This hurried the
trouble. Law, who was now compel
troller general of finances, made fran'
tic efforts to avoid the crash.
The bubble burst in July, 1720. Tbe
bank stopped payment. Law fled
from the country. Upwards of 10,kOOO
people in France had been made
beggars.
rune ruinea people tnreatenea i?
overthrow the regency.
Law lived the rest of his life in
Venice gambling. He died a pauper
there in March 1729.
The
SE
That
will ke mij
looking around. Ji
arc in a kurry, ok
closer average kav]
know. If you wa
we 11 make it p. d.
Peanut M?u, per ivv id
Red shirt hog feed
Corn meal, 2 bu. sack ?
1 bushel sack
1-2 bushel
Grits, per lb.
Flour, fancy patent self
per barrel
Per 24 lb sack
Bacon D. S. Reg. Plates,
Smoked plates, per lb
' Lard compound, per buc
4 lbs. 2 oz.
rPer bucket, 8 lbs. 10 oz.
Salmon tall chums, 3 cai
My-T-Fine Brand Pinks,
Let us know
THE FL
RESCUED HER BABY.
Life" Guard Risks Life to Save a
DoO.
The life bell on the beach clanged
out its alarm. Lite guards and the
curious rushed to the scene says a
Galveston, Texas, dispatch.
Pulling the bell with all the
strength in her little arms, was Mary
Sullivan aged 5.
"Save my baby! She's drowning!"
Life Guard Dorsey gasped: "Your
what?''
"My baby?a wave took her away."
Tears filled the tot's eyes.
Din chip r
UIU UflLL I
Wagons 4
For next 30 days w
25 to 30 best make
class and warrants
facturers. Also 40 1
tanned Harness all
der to make room i
Will also have lot
raised Horses and ]
heavy 80 x 80 Jute
us and save money
MgCUTCH
Dillor
in
noy<
:rvic
's Our Spec
gkty glad to have y<
List make yourself at 1
toy! that's where w
Log yuur w?*iii,d vuau <
nt it sent on a truck,
q.
Back $3.45 Cheese, full ci
13.45 Evaporated pe
$2 20 Lima BeanB, p
II II $l!l0 Coffee Rio Go
5c. Rice, fancy, pi
rising, wnoie grain^ ]
$13.25 Granulated su
_ $1.70 Snuff, 30c gul
per lb. 18c. 60c. gullets _
22c. Shingles No. ;
ket, 4 Titebolds, p
$1.15 Just receivf
$2.25 lin Shoes. Go
ns for 50c Let us knoi
per can 20c. the Rest.
1 your wants?
.OYD CO
FLOYDALE, S. C.
$
Dorsey asked no more. Out to sea (
ho swam. A hundred yards away a
flaxen head ? a tiny arm appeared
above the swells. I
Now It was gone; now it tossed'
high on a wave. Dorsey swam on and
finally grasped the form.
From the shore a mighty cheer
aroseu
When Dorsey reached the beach he
laid the little bundle in the arms of j
the girl.
"Oh, my poor drowned dolly!" she
said, wrapping her sweater eoat
aronnd it. "Thank you. sir."
Dorsey says the kiss he got from
jthe "youngest mother" was the best
(reward he ever collected.
ir nnnnirn !
\r DUbblLD
fc Harness
ifl offer at sacrifice
of Buggies. First
ed by us and manuto
50 sets best oak
at sacrifice, in oror
other shipments,
of good Southern
Mares. 1000 extra
Cotton Sheets. See
EON 8 CO. |
i, s. c. ;
I
iCol
^ I
I
ialty
3u spend a while
home,?hut if you
e shine, and we 11
anywhere else we
just phone us,?
earn, per lb. 40c
(aches, per lb 25c
ter lb. 12 l-2c
od Bean, per lb. 20c
er lb 12 l-2c
per lb. _ -Oc
gar, per lb. 25c.
lets 25c.
50c.
1 extra clears and
er m. $8.75
>d a new lot of FrankA/4
n?irtAfi I
VU X 1 1V.CC.
n your wants. We'll do
' do the rest
I
IMPANY
I
;
OUR CAMPAIG1
EVERYBODY IS NOW <
OIL
?In proof of this many who
friends and own stock in the
Since we commenced the a|
ly under way with four mo]
In the meantime some of tl
their scouts taking leases thi
something. *
nTAn A irn T
aiur Anu i
Cumulative in its nature, fa
light Actual seepages of bur
ing our Lillian B. No. 1; acti
Jeff Davis county. Close to
which will be ready to go by
of over thirty other seepages
every chemical test. No won
But say, the Waukalla, Flori<
gulf, about concludes the arg
fluce that far down we will s
get that the well near Savam
why people are becoming arc
We once appealed to you fr
That day has passed. The app
COLD BLC
Analyze our position, get tl
oil finding a life study, see v
copies on request. After read:
a few s, which should b<
while. >
Listen
People are buyiny leases in
their way, and have some ki
drilling near their holdings.}
this section you have about 01
prove good.
COMPARi
Right here at your door w(
make any state envious. We
along and develop around us.
No. 1 is going down. We passi
are now on the 800 foot cash
where the experts say that v
Lillian B No. 2, in Jeff Da^
first of September with ever
and a healthy treasury to car
We have added to our origi
ed by our field men, all of wt
Our Slogan
L
Our sale is rapidly drawing
gives you a pro rata interest
You can still
GET IN ON
IFYi
I
We want to warn you, how<
day's drilling may unearth s<
' 1 -L ! - - Ti. ,
sola snares at any price, n is,
WE WAN'
PI
We are arranging at the <
representative of each to the
to face, look over our outfits,
teemen will be taken over am
ABSOLI
Without any obligation, onl
things over.
WRITE FO
Middle Georgia
Oil & Gas Co.
Flat Iron Building
Atlanta, Ga.
BBHHHHHmnRI
N HAS BEEN
CONVINCED AS TO TH
IN GEORC
scoffed the loudest in thi
company.
Station of this . abject fr
re in progress,
le oldest companies are te
ough the chalk ridge of
HINK OF THE
vorable to success, which
ning gas which anyone c
aal oil taken from the w:
the structure we have loc
the first of September,
i of actual petroleum oil1
der people are being conv
ia, well o i oil on this chal
ument, only we contend f c
how a barrel on the apex <
lah last week struck gas.
msed over the subject of
om a standpoint of state
ieal we make to you now j
mnpn RU
he reports of geologists ar
diat they are predicting,
ing carefully if you have t
2 returned to you an hunc
to Cold F
Texas and other states, e
ndly hand to come along
rVith the average scheme
le chance in a million, pre
E YOUR Ch
2 have predictions of abui
are not trusting to chanc
We are going after it 01
ed the troublesome quick
ig drive and will soon be
re will realize our fondest
us county, will start with
ything on hand to compl<
ry on the work
nal holdings surrounding
rich are increased assets <
is, Oil by I
dividends in 1921
to a close. The numbei
in all profits of the comj
' EHE GROUNI
OU WILL ACT QUICKL
ever, we are getting dow]
)mething that will cause
your risk to delay.
r NO DISSi
JRCHASER
conclusion of our sale to o
fields to see for themselv<
talk with the men on th<
1 given an
LJTELY FREE 1
y their honest impression
iR OUR CLU
A T ONCE
MAIL TODAY?TOMO]
Chas G. Peeler, I
a Gresham Hote
** Mail new book
particulars as to
terested.
Name
Address -
wmnmmmmmmwMmmmmmm
A SUCCESS 11 j
E EXISTENCE OF I \
;ia I j
2 beginning are our J
te. tests are now active- I
iking notice and have I |
Georgia. This means M' M
EVIDENCE IK I
has been brought to
an see today surroundrecked
Hinson' well in
ated Lillian B No. 2, on
besides the unearthing
which will stand every
inced and getting busy. , |
k ridge extending to the
>r every gallon they pro- j
)f this ridge. Do not forCan
you still wonder *
oil in Georgia,
pride and patriotism
is based on
SI NESS
id others who have made
We will gladly furnish
;he nerve and faith, risk
Ired-fold in a very short
j
acts j
xpecting luck to come
and make them rich by
being peddled through
>vided the titles were to
IANCES N 1
adant oil, which would
e for some one to come
irselves. The Lillian B.
sands at 400 feet and
on the 2,200 foot drive
hope (oil in abundance.)
a double crew about the
2te, everything paid for
other seepages approv)f
the company.
Christmas
of unsold lots which
)any is relatively small. I
) floor I
i to a depth where a |
us to withdraw all iin\TISFIED
rganize clubs and take a
2S, meet our people face
e jobs. These commitrRip
, after carefully looking 8
rB PLAN [
RROW MAY BE TOO LATE 8
Sales Manager. 8
1, Columbia, S. C. I
;let and give us full ?
your club plan. Am in- 8
Write Plainly ^