The evening world. Newspaper, July 30, 1920, Page 16

=. IS LS BWiorld, it OB PULITZER. Jr,. Secretary. 63 Park Row. MEMBER OF THE ASSOCIATED PRESS. exotusivety entitled to the tse for republication “THE PONZI “BUBBLE.” "YN the history of financial speculative crazes the Ps I names of the “Mississippi Bubble” and the “South Sea Bubble” are familiar. The “Ponzi Bubble” promises to become a third. J The point most clearly’ remembered in regard to ‘the “Mississippi” and‘“South Sea” Bubbles is that ‘they burst. ... Charles Ponzi may or may not have discovered “a way to “beat the game.” It is a fact that the . United States Government reaped considerable profits from the money erder business which it con- ducted on the old rate of exchange. There is the ity that Ponzi may have worked the game = ye opposite direction and won considerable : ©" Investigation will soon show. But one thing is certain: If Ponzi has found a way to-beat the game this Government and other Governments will speedily plug the hole and stop “the leak. “ Meantime other get-rich-quick artists are pre- »uparing to capitalize the Ponzi publicity and lure credulous Investors to thelr undoing. ‘If Ponzi was able to grasp an unusual opportunity “ft is certain that the oppertunity" will not continfie * “to exist. It is certain that others are planning to “mult the unwise who are caught by the Ponzi craze. Now is an.excellent time to keep money out of ‘similar enterprises. The “confidence game” takes a : tufn occasionally, but the old motives continue. onew | a RENEW THE BONUS. "|S 7 HEN the Special Session meets at Albany there is one bit of legislation which shoyld be omitted or delayed. It deals with the H. C. of L. bonus for State e _— 7 i hurry and confusion of a session In which was crowded into the month which after proscription of the Soclalists, the to war bonus was neither Increased nor wall ~aeinal % Hl © The provisions of the previous borus act expired, _ “nd the result has been‘a cut in salaries at the time Gov. Smith’s reconstruction programme Involves ‘the rearrangement of departments and the elimina- * lon of many useless jobs. This is a desirable sort of economy. LF ed *~ Outting salaries in a period of rising prices by “allure to extend the bonus act {s undesirable ‘economy. ** State employees should enjoy early rectification this inadvertence. r “WIRELESS TRAVEL.” : eee Oe ie ee forth on the joys of “wireless travel,” as he called it. ri We have been reading about the yacht races reported by wireless telephone, Then comes a successful experiment with transmission of pic- tures by. wireless, Next we will have the wireless és mooie. ‘ When that time comes I shall be able to enjoy __ my penchant for foreign travels without the suffer- : T'll hire a mooie aeroplane equipped with a Hs -«tireless motion picture transmitter and start the flyer on his way. I'll lie here on my back and . _.. thatch the panorama of the earth unfold on a screen +» mounted on the ceiling. >“ When the aeroplane passes over a place that |. dooks interesting I'll signal for the aviator to ' descend and get close-ups with the wireless mooie machine, and start the wireless telephone to work- "> ing so that I can hear what is going on. Whether philosophers are optimistic depends on the philosophers. The indolent variety usually are. But even granting the optimism, the forecast is not so impossible as it may sound. Grandparents of the present generation who might have dared to indulge in speculations on flying; wireless telephony and wireless telephotog- raphy would have been considered insane, whereas the indolent grandson is merely regarded as amus- ingly optimistic, ~~ Science has so far exceeded optimism that noth- ~ ing is now branded “impossible” unless science can prove it impossible. Even this test is no longer infallible, according to Dr. Einstein. GET AFTER THE FAKERS. ISTRICT ATTORNEY SWANN has ample reason for proceeding against the motion pic- ture press agent who staged the fake “suicide” of “Miss Yuki Onda” in Central Park. There is every reason to hope that the offender law and decency will be discovered and punished, through—even if it proves to lead in a circle, and back to his own office, * Not even the movie publicity men_greatly surpass, either in imagination or in lust for public mention, some of the assistants on the staff of the District Attorney. Some of the most shameless faking thls city has seen came to light during the Elwell murder in- vestigations. The usual schedule seemed to run something in this wise: On Mondays, Wednesdays and Fridays new “clues” were discovered pointing directly to some one or another of the persons involved. Ar- rests were imminent. On Tuesdays, Thursdays and Saturdays the originator of these suspicions denied that anything of the kind had been contemplated and admitted there was nothing to connect the “suspect” with the murder. Both the accusation and the denial involved the use of the name of the District Attorney’s Assistant. By all means, let the District Attorney get after the publicity fakers, even if he has to do some housecleaning. . A REGRETTABLE INCIDENT, [} fS truly regrettable that, after all the fine spirit and fine sportsmanship displayed im the races for the America’s Cup, it remained for an Ameri- can, the managing owner of Resolute, to in; terject the first and only disagreeable note of the series. : Replying to the suggestion that the public would“ enjoy seing the victorious defender at close quarters in the North River, Mr. Emmons is quoted by sev- eral of the New York newspapers as saying: “We can’t be annoyed. Our crew is too busy. We can’t help what the people want.” Considering the intense public interest and the ‘avowedly international character of the contests, it does seem that the public had a fair claim to a close- up of the winning yacht. The public did not pay for the yacht. Only comparatively few could afford the expense and time for an excursion to the race course. But the public did spend Its pennies for newspaper reports. It spent time in front of bulletin boards. It ‘was “pulling for Resolute” all through the series. Altogether different was the cordial accession of Sir Thomas Lipton. His hearty agreement assumed, of course, that Resolute would also be on show. Perhaps it would be charitable to assume that the strain of the long series of races had frayed the nerves of Mr. Emmons. Surely not many American sportsmen would be so far behind the courtesy and consideration which Sir Thomas Lipton manifested. It bdppened that Gov. Smith visited Bedford Reformatory on, the same day that the Re- Dublicans “unofficially” held forth at Sara- toga. ‘We gather from reports of the visit that the young feminine incorrigibles “unofficially” expressed opinions of the Governor rather similiar to those of Republican Chairman Hayward, LET PUNISHMENT FIT. ROSECURED for illegal deals in sugar totaling - <some $500,000, a firm is convicted and fined $2,000. Whether the fault 1s with the law or with the court, such a penalty is farcical. The excess profits tax deals much more severely with those engaged in business within the law. The Government de- mands a vastly larger share of legally legitimate Profits than is assessed in this criminal prosecution. Anything less than confiscation of ALL illegiti- mate profits with a large penalty added for punish- ment is no less than trifling with the gouger and speculator. Such sentences not only do not discourage the practices against which the statutes are aimed but actually encourage the unscrupulous to do likewise The court and the law come dangerously close to partnership in the crime. - Jail and penitentiary sentences for those who conspiré to rob the public should be the rule, not the exception. Fines should be assessed in propor- tion to the offense. ANOTHER DEADLY DUD. NLY a little more than a month ago The Eve- ning World commented on “Duds in New Jersey.” It noted one fatal accident and two nar- row escapes from death by high explosive carelessly mislaid in the munition manufacturing area. This week two young men were sauntering through the country. One kicked at an obstruction in the mud. One of the boys is dead and the other an abandoned shell, old Bethlehem proving ground. Jersey? after the guns were silenced? doned high explosive? When the Disirict Attorney starts on the trail of Megitimate publicity seekers he should follow it worse, "HE EVENING WORLD, FRIDAY, JULY 30, ‘1920, | z | Sails Both Waysat Once! ste, permanently maimed by the resulting explosion of The accident occurred on the pent aE ms ¥ ind. sanaalmehint apne No. 111—PEG WOFFINGTON, By Charles Reade. Peg Woffington was England's ta- vorite actress. Young and exquisite and charming, she numbered her adorers by the hundreds. But unounded admiration and fiat- tery and hen_own early experiences had made her cynical and suspicioum And she did not listen over-credu- lously to the vows of her countless ‘wooers, Then came a new element in her life, Every night for weeks a man sat in the sathe box at the theatre whenever she played. He was grave and simply dressed and looked rather as though he had come from th country than like a Londoner. Never while she was on the stage did be move his eager eyes from her face. Touched and interested by this ex- pression of silent devotion Peg began to find herself thinking often aud oftener of the mysterious stranger. One evening the stranger was in- troduced to her. His name was Ernest Vane. Chancing to see her act, he had remained in London, week after weak, for the privilege of keeping om seeing her, | - As soon as he was introduced to Peg he began, In timid but eager fashion, to make love to her. And, charmed by his vehement sincerity, Peg lost her heart to him, But Sir Charles Pomander, who had introduced Vane to Peg, set about making trouble, Pomander had long wooed Peg, and had Veen ‘able to make no impression on her fections. By way of revenge, he sought to stir up Vane's jealousy. ‘This wag not at all hard to do. But Peg readily donvinced Vane of her, fidelity to him. And Pomander had begun to despair when he chanced to meet a beautiful woman on her way to London from the coun- try. To his amazement and delight he found out that this woman was Vane's wife! Pomander smuggled the unsuspic- fous Mrs.Vane into a banquet hail where Vane was giving a dinner in honor of Peg Woffington. There was a epectacular scene when husband and wife were brought face to face; and Peg learned that the man who had apparently been wooing her in all sincerity had a wife of his own in the country, Peg’s faith in human nature, espe- cially im masculine nature, was for- ever shattered. She planned to pun- ish Vane by making him her slave to say much in a few words. Take Who Sata Dryt | To tho Faitor of The Evening World: Commenting on D, Batchelor's let- ter—iasue of The July 1920, in which he says “Strange, is it not, that after one year ot dryness the report comes from At- lantic City that two and three-quarters of a million dollans was deposited resort.” I, for one, fail to see where we have Prohibition and all this dryness, One can buy all the liquor he wants to drink if he has the money to pay for it, If this country is supposed T. RADFORD. - Elmhurst, L. I. State Employees, To the Faitor of Tae Evening. World: Referring to letter in Pvople’s Forum regarding State employees. This writer has hit the nail squarely on the head—State em- ployees are entitled to and must have some’ Immediate relief, I wish to point out the only way this can be accomplished. All State workers must put their shoulders to the wheel at once or all chance of relief before July 1, 1921, is lost. Under the law an extra session of the ‘Leislature can act oaly upon the particular subjects for which the Governor cails the extra session, I would suggest, therefore, that each State employee and all friends of those so employed petition Gov, Smith at once urging the necessity of immediate relief Quick action is necessary If any- thin Let us scom plished get y ni ANOTHER STATE EMPLOYER, Brooklyn, July 23, Heating the 1, ©. of Ie To the Editor of ‘Tae Evening Worla In “Florida letter, printed te. cently, he has the right dope on the H, C. L, situation, I am tn charge of a@ small offic at $75 per, Tho other employees re ceive salaries of from $22 to $50, How many other danger spots are there in New How many other deaths and injuries are to be credited to the War God in the second year Where are the authorities who should require safeguards in all dangerous areas and an immediate and thorough clean-up of all the carelessly aban- Diuds in war and the war areas are bad enough. Duds in peaceful New Jersey fields are infinitely states—now Broadway clothes, chick- jen lunches, candy, eodas, frequent |high-priced shows, aping the "400" in @ way that ly pathetic. ‘hey will tell | you that if you don’t do those things | FROM EVENING WORLD READERS What kind of letter do you find most readable? Isn't it the, one that gives you the worth of a thousand words in a couple of hundred? There 4s fine mental exercise and a lot of satisfaction in trying Evening World,} fa ten local banks and trust com-| panies after the most prosperous 4th| pretending to wonder why we want of July that has been known at chat | to be dry now, Prohibition is joke. | With thom jt is just as “Ilorida” time to be brief. vanda called us “gullible” we got mad and licked them. The profiteers are making capital with a big C out of the same idea, and you can lick them {f you set about it. The WORLD will help you. OFFICE WORKER, — | July 24, 1920, | Pity the Heroine? ‘To the Editor of The Evening World The Democrats and | Republicans, | a different form of Government, re- minds one of the “oid-time melo- drama, where in the finat act the Villain chokes the heroine nearly to death and later, locks her in a shack and sets the shack on fire, ties her on the railroad track: to be run over by the 6.15. In the second act he pushes her off Brooklyn Bridge; | later in the same act, he ties her to 4 log to be cut In two by the buzz saw. In the third act he asks her: “Why, do you distrust me, Nellie?” MISS MAE LISTON, 58 W. 106th Street, New York City. Ice Cream, ‘To the Editor of The Brening World: Your article shedding the sunlight! of eniticlem on the greedy ice cream) establishments is praiseworthy. Although ice cream is reeognized as a nutritious food, our Government has classed it as a luxury, and the os" have grasped their oppor- to make the people pay ex- orbitant prices. , Several evenings ago I ordered a banana split in a certain store on E.xghth Av@nue. The whipped cream (which was very stingy in quantity), was sour, When I complained to the proprietor what do you think he an- swered? Why, nething at all; but twirled his lips as much 8 ‘What do you expect fo: IRVING 1 Thieves. ening World mpossible net to respond respondent, “A Constant "” nder heading “Made Crin and in so doing would say that hia knowledge of the criminal world , it 6tands.to-day is extremely lim- ted, There are no men out of work to- day who want to work, and with the great shortage of help in all lines it is hard to understand how any one can oonscientior believe that a man desiring to work cannot; with Potent ‘To the Batitor of Dh I find tt to your He also “ |Piumbers at $10 per day, garment! 3 The tat toe the original namo of the pre |you are not livi Well, I and my | Workers from $80 to $100 per week, |tected. He even does not worry so| The workingnia* to-day with his! W4# the origina e pr i are satisfied with,our wa | printers the same, watchmen without|teach @bout getting caught as he {double and triple phy and greatly re-| ent City Hall Park, New York City, \living. I have bought no few clothing |any particular qualification getting! might with Judges so lentent as 1# |Wuced’ hours is regularly stealing time| It was where poople met on ai | |in @ year, and have enough to last | $30 or more, and even our white col-\evidenced In a recent case (which js/and in many cases other things when | sorts of occasions, and sould opr until the price show gehuine res | lar clerk starting at $20 a week when| entirely typical), where the employes be C4 do 50 eately. He steals the | propriately be called Liberty Park, - duction, or until the “mark-up” and | he was formerly glad to bemin at $10. was convicted of dishonesty and the | former openly en o er covert!y, ee then “reduce” system fades out, No|Where doca your correspondent get Judge asked the employer if he in- | In 99.9 per cent. of the cases the thief | A law was paseed when Nicholag | ailk shirts; a good Woven madras by | off to say that nen are out of work tended to discharge th man from his {steals for luxury and what the calls, De Meye was Major of Ne “Sork @ good maker will wear better, No! who do not want to be or that men, amploy, and upon being advised that isy life, and in the other 1-10, City, in 1676, to lkwe thw streets . %, though plenty of good food jas a rule are underpaid? ihe surely would, the Judge Kald, “Than [per cent. he steals for want. The| paved nents, such as the| [f the man is married, hig wife 1 wii) also discharge him," and he was soqner we wake up to the facts the| oe . A Helter "movies" afford, and week-end {must have her $20 ehoes, silk stock. allowed to go.. The Judge probably better, tor we are drifting rapidly and |- In 1686, in New York City, Jy trips to the country, Wake up,!ings, fur coat, &e “if he 1s not mar- thought, he did something com- the public conscience is wetting very Sept. 18, public wells were ordered Americans, you can beat the Hy C. L, ried, the extravagant young girl he is mendable. callous. e One z HQ KNOWS, fuilt, and on Dec. 23 chimney [end atin Live, ‘hen propa travelling with, whose morale is also | It is the consensus of qpinion 16 Dey Street, N, ¥, ewoopers were UNCOMMON. SENSE By John Blake (Copyright, 1920, by Jokm Blake.) TRUST YOURSELF OR NOBODY ELSE WILL. Self confidence is not easily acquired. But it is abso- lutely necessary. pect anybody else to trust you. If you don’t trust yourself you can't ex- The man who refuses to accept responsibility the first time it is offered to hir: is not likely to have a chance to ref it a second time. with self confidence. thestiness’’ or a “swelled head” have nothing to do The man with a swelled head {s a man who thinks he can do something he cannot.. Even an over supply of self confidence will readily be ‘pardoned in a man who can do things. Far better have the vaity of a Thackeray than the cringing cowardice of a man who never dared even to try to accomplish anything inthe world. ‘You will find the same rules apply to the trusting of yourself that apply to the trusting of others. You do not trust a man unless you know that he is honest and capable. You cannot trust yourself unless you know that you, too, have these qualities. It is easy enougn to be honest. In fact, it requires less practice than does any other requisite for a high place in the world., Capability is a different matter. Few people are bor. capable, anf no one ever has capability thrust upon him. You must achieve’ capability, and you can only do that through hard work and more thought than you are prob- ably giving to your occupation just now, But oace you are convinced that you are capable, once you have sold yourself to yourself, you will have little dif- ficulty in selling yourself to otners. The successful salesman must believe in his goods, are the goods you have to sell. You Believe in these goods and you will be in a position to make others believe in them. Remember that all success is founded on trust. Nobody will get even the meanest job waless he can be trusted to perform its duties, And certainly nobody can rise above the ordinary level unless he can be trusted by shrewd and discerning people. Begin by making yourself worthy of your own con- fidence. Then trust yourself. And after that you will have the right to ask others to trust you. and then repudiating him in, pub- le. But Mra, Vane appealed to her so pathetically and trustingly to give back to her the husband she still loved #o dearly, that kindhearted Peg’s vows of vengeance were for- gotten, f ® And, instead of concentrating her genius on punishing Vane, the clever actrese bent all ber wits and arts to the task of bringing the erring hus- band to his neglected wife's fect im penitence and love. Succeeding, she bade the reunited pair to leave London's temptations and return tothe sylvan quiet of their own home, And she hid her own broken heart under a mask of professional gayety. 5 suthont CA “*That’s a Fact’ By Albert P. Southwick Owe ex om ‘preing Ward {meio It was the Stamp Act of 1766 that aroused all American colon- jets against the Home Government. This fixing a stamp to all kinds of documents, even to @ marriage license, angered the\people, It was soon after repealed, but had been made. Maes A tablet at No. 115 Broadway (original site of the historic De Lancey house, afterward the’ City Hall), commemorates the begin- ning of the Stamp Act troubles in New York City. Posters and verses against the use of stamps covered the streets of New York City, such as: “With the beasts of the wood, we'll ramble for food And lodge in wild deserte and ee ee = caves; And live, poor as Job, on the skirts of the globe, In 1804, on July 25, Georges ana eleven of his companions were guillotined et Paris for @ con- spiracy against Napoleon. On the eame day and year, there was @ bomberdiuent of Tripoli, by the American fleet under Commo- dore Preble. ed (for It applies to both sexes), Hata aa her fur coats, automobile tides and a diamond ring ‘although he {y not engaged to her. The man in either case does not care how he ge these things #0 long as he is not de- potential among those who know, that 50 per cent. of the average men to-day are thieves. Every organiza- tion has them, and there are thousands of inside thefts which are never evea reported to the nolice, Bleecker Street, New York City, is derived from the Bleecker family and, especially, of Anthony i Blevéker, who was active aud prominent in the literary world * “The Fields” or “The Commox. ~ i} 4