Show 4 Before You Invest Invest- I Investigate t I 10 Xo No 4 of a o. series s rl of articles artcle on fraudulent stock promotions based on a I national survey suney made by the Bureau Dunau of Business Re Research I.- I. Ita- Ita search of New ew York University for the Better Beter Business Bureau lureau movement of the Associated Ad Ad- Advertising Advertising Clubs of ot the World Lack Lck of ot knowledge of ot the ways of business of both good busi bUSI- business bUSIness bu i- i ness nets and bad and a certain gulli gulli- gullibility gul- gul or belief bele In a pot of gull goH gullat at the foot of every rainbow rainbow- things a a real business man is sup sup- supposed supposed posed to have ha risen above are alove-are are above are generally held responsible for the rather free Investment In unsound securities This however is I not the fact tact Out of or 31 instances studied 40 per cent of tho the vic vie victims tims men were classed as business businessmen Not ot only so but In classifying In the women losers in worthless se securities so- so 23 per cent c t or nearly nearl a quarter ot of the total come under I the head of business buBines women women- women I proprietors of businesses or those thol who receive high salaries as 1 dis alS- distinguished from stenographers stenographer and d clerks By way of or comparison and perhaps to to disprove popular supposition as a to the traditional type of victim the survey made by the tle New ew York university re report re- re port lort says Perhaps a bit of or humor as aswell i aswell well wel as pathos may be found In Inthe Inthe inthe the case cae of the ono one Individual wh reported her occupation ton as aa that of widow In fact the returns were ere sur sur- surprising surprising surprising as a to the sort of who lose money In I fh fh A stock schemes In addition to the 69 59 business men Including mer mer- merchants me merchants chants 4 t grocers 4 real rel estate men 2 hotel men 2 contractors there were 17 accountants aud- aud auditors ton tors and bookkeepers 16 15 man man- managers manI managers agers I ers and superintendents superintendent 14 1 law law- lawyers lawyers ers 13 1 manufacturers manufacturer 10 to brokers broken ant and trader traders and 2 banker bankers making R. R total of 12 or 39 per cent of oft I the t total a list I of occupations t I that t he I further refutes ut the uie theory that people who buy bad securities ties tes are Ignorant sophisticated or just naturally foolish There In 18 i however an appreciable appreciable i- i ies able representation es IO of the classes at whose doors the tendency t e to 1 buy huy such euch stuff Is la usually lab I There were 36 mechanics ant an I 1 laborers laborera found round In the tho Purvey ure 11 It clerks clerks 14 1 students 14 1 farmers farmer 13 1 dentists 12 physicians 11 1 professors sors lon and teachers 2 clergymen 1 economist Among the women who ShO t repot ed ad losses there thero wore sore 9 house house- housewives wives 4 housekeepers 3 domes dome domestics domestics tics and waitresses e. e 2 seamstresses leams ruse 2 teachers and 2 boarding houi hou- hou L i L Before you OU Invest invest Investigate |