Salt Lake Telegram | 1923-12-02 | Page 31 | 'General' Lee Bunk Good Example of Oil Stock Promotion Faking

General Gener l' l Lee Bunk Good Example 1 Of Oil Stock Promotion Faking 11 Sly Ily KO up KOJ J J. J I FORT FonT A ORTH Tex Tu Dec flee 1 The t.-The The crooked oJ oil olf stock promoter went to any extreme td to bait his iSIS s su l how liow Vs As t these an lIe ou outstanding methods s J grew example bolder of t f from just Imagined long Immunity tt take the case 0 ot tho the called General Robert Hobert A A. A Lee iee PrimarilY Primarily Lee although titular head of ot the company be bearing his name was a I dupe himself taken taKe In by a few suave promoters who paid paid- him 50 a Q month for tor use of his pretended relationship to the famous Confederate leader lender With dress dren and appearance similar to what one might expect In I a Confederate a-Confederate veteran Lee forgot that the highest plane plan to which he had risen In life was wasa a 1 Janitor r In poise Boise Idaho and plunged willingly into the frenzied frenzl d financial whirlpool S M DIJ I. DI An An avalanche of ot high pressure fal fa faked ed advertising brought him bins before the public public pub pub- lic as lIS an an eminent geologist who who had been keeping secret a great find In oil and now wanted to let the dear public In on on It Calling himself a 11 nephew of the real teal General Robert E It Lee this tItle c counterfeit relation In a pamphlet captioned The Honor of oC th the Lees sald n said In in substance that hili hi p I idea a was wat the su- su ot of a I From fron janitor to geologist and then to kinship with a 1 figure In history was wasa a mere trifle for tor this whom we find later on all as saying In IsIs hIs bait I to tr and patriotic southerners as aswell aswell well as folks everywhere In the country coun- coun try I General Robert A A. A Lee the miracle I man of oC geology makes maltos the outstanding I announcement of ot his huis long loni and successful career I I IA A S 'S A S General Robert nobert A A. A Lee has been a success all his life lite A career as Important Import ant In Us Its sphere as M tho those e ot of his Illus ilius- ancestry In other lines of human endeavor wet wel- tae fare education and religion A. A Lees Lee's life liCe Is all an Inspiring so- so tie rles of ot events An organization erected on the solid foundation that a lifetimes lifetime s reputation ha has built up For Tor r perpetration of this fraud which dr drew S and or wrecked e r many homes 0 1 and hearts Lee was fined tined and sentenced to to the penitentiary for lor a a year I In most Instances the lurid presentation presenta presenta- I tion of ot golden opportunity which de deluged deluged de- de I the country from oil promotional oW offices was of such high explosive charade char char- act ade acte its that It seemingly paralyzed the tue b tl V r Judgment of or even sl skeptical prospect prospects pros pros- peels S SOne One promoter now under r arrest surrounded cur sur I rounded his particular ad adv ng with witha a a. picture of Leavenworth penitentiary showing the prison with the gates ajar i GOM GOI GOVERNMENT It IE 1 1 Over the whole thing he printed this In large type It If If 1 Im I'm m a fraud the gates of oC the penItentiary pen pen- I will open opeil to receive me Now that the tIle Investigation is under underway underway way vay here on a wholesale scale indictments indictments indict indict- ments are aie being returned and Will be asked for not only against oil Indict Indict-I fakers lakers who made misstatements of ot fact in their the literature but also against promoters who converted unspent total stock sale l receipts to their own purposes Guilt In such lIuch instances so high government government gov gov- gov- gov I eminent officials declare will rest ret with the Jury on circumstantial evidence In other words Intent to defraud In the multitudinous us oil promotional enterprises enter enter- enter I I will bo be measured In great part by the Jury tested honesty promoter In his efforts to settle equitably with in investors In- In from funds still in his possession possession posses posses- sion On when he declared his company do do- I t I Hence the nervousness In promoter I circles in l Tort ort Worth from Irons which went went wenS the promises of 01 rivers of 01 oil that were I turned Into rivers of tears and teacups of oil Copyright 1923 NEA Service Inc