ndent Trust. This will
help maintain the company on solid footing, and ensure you higher
dividends on your stock. I will give you my personal guarantee that your
money will be safer, and more productive than it would be in the Bank."
The "boob" seized the bait like a trout in the Bonaparte, and made a
deposit of five thousand dollars. Shortly afterwards the company went
into liquidation, and his six thousand dollars sailed away with the
worthless liquid into the sea of oblivion.
About this same time, when his popularity was at its zenith, and was
rivalling that of Dr. Cook, the fake discoverer of the North Pole,
another shark came down with the rain selling the most marvellous
money-making scheme ever offered to the public of British Columbia. This
was X.Y.Z. Fire Insurance shares, which he was disposing of at a great
sacrifice.
"Let me sell you some shares in the only 'real thing' that has been
offered to the public since the flood," he tempted.
The victim was so much under the shark's influence that he was
hypnotized.
"Certainly," he said. "Write me down for five hundred 'doughbaby's'
worth."
"You mean a thousand," said the shark.
"No," said the "gink," timidly, "I have only five hundred in my sock;
that will be as much as my pack will carry."
"Exactly; that is just right. You see, you are buying a thousand dollars
worth of goods with only five hundred dollars worth of cash. The shares
are fifty dollars each, with a cash payment of twenty-five dollars, and
the balance subject to call. This balance will never be called for,
because on no occasion has an insurance company been known to call in
its balance of subscribed stock; and the X.Y.Z. is not going to
establish a precedent in this respect. You will have twenty shares for
five hundred dollars. In other words, you will draw interest on one
thousand dollars, and only have five hundred invested. Was ever a
business so philanthropic in its foundation?"
Our hero grabbed the bait like a pure-bred sucker, and handed out his
last asset.
A few weeks later the company was in the hands of receivers with all its
assets vaporized. The popular man found himself on the "rocks." Being
popular for a short time had proved a very expensive expedition for him.
The retreat rivalled that of the Kaiser's retreat from Paris. It was so
sudden that the town heard the thud and felt the jar. The unpopular man
realized that it is wiser to remain in one's natural element e
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