Salt Lake Telegram | 1926-03-20 | Page 11 | The Rush to Ruin

I The Rush to Ruin 1 I IBy By JOHN BLAKE Every bear raid on the stock market takes tales grea great t sums of money out of the pockets of one set of ot people and puts It Into those of another set There Is no less money in the country after such sucha I Ia a flurry It is merely shifted from one crowd to I another f Nearly always alwa's it is the greedy greed who are the losers los los- ers the ers the people who are not content with working for financial success but who think they can gain it almost over night in a a. business about which the they know nothing whatever I Bubbles have spread ruin In their wake In all c countries and in all times But they have caught only the greedy or the ignorant And even the ignorant are protected against them If lf they are re lacking In greed The Mississippi 1 bubble excited the people of the j time of Louis XIV XIV luxury luxury loving people whose ex extravagance extravagance extravagance ex- ex and thoughtlessness for others was layIng layIng lay lay- Ing the foundation for the bloody revolution that followed comp comparatively ely soon afterward laY laY-I i Conscienceless promoters eager elger for wealth themselves themselves them them- selves have gained It temporarily by promising others huge profits for small Investments Today after hundreds of ot bubbles have burst after thousands have been ruined repeatedly by get- get rich-quick rich schemes the same sort of promoters are still at work and still atti attracting acting victims with their lures A promoter who victimized thousands of ot people in New England was arrested and sent to jail His was a a. particularly vicious form of swindling for those who were fleeced were poor people who wh lost everything they had in his scheme He was arrested and served a sentence a sentence sentence sentence sen sen- tence which proved pi-oved altogether too short When he got out the notoriety he had been given had apparently been forgotten for he went to Florida Florida Flor Flor- ida started another s scheme heme and caught more people In his toils tolls It Is natural that uneducated people who see others spending vast sums of money for or which they apparently do not work at all should come to be believe believe believe be- be lieve that fortunes can be amassed by accident In very rare cases they can But for one case of ot the kind there are hundreds of ot thousands of ot greedy people who lose everything they have because they are always trying short cuts to wealth If you OU could stand on some mountain and look 1001 lookdown down on the world looking into the future as well vel velas as Into the past you would discover that many people were rushing straight to ruin ruin all all of them shoving and crowding In order to get th there re before those on the same road It Is a pathetic thing this lure of greed Education Education Education Edu Edu- cation will diminish it gradually but it will take a along along along long time Meanwhile l every thinking man or woman can keep himself or herself out of the stampede even If it the way does seem a little longer and harder when It Jt means hard work for tor every small gain Copyright 1926 by the Bell Syndicate Inc