The mill-run was
an entire success from the viewpoint of the sellers, although not
from that of the buyers.
There is no working law, let us repeat, which actually protects
the investor against this sort of thing, nor which always
protects even the promoter, though he be honest. The game is
risky all the way along the line, in spite of state laws against
the heinous crime of salting, which latter hath as yet by no
means lost its savor.
THE MAIL AND MINING THIEVES
As matters stand to-day, the man selling mining stock on a
fraudulent basis fears the Post Office Department much more than
he fears the District Attorney. That is the main protection which
the public has against such schemes. But to depend upon it is
like trying to stop Niagara with a dam of reeds. The man who
induces you to take your money out of the savings bank in
exchange for stock in a mine, through such operations as have
been described, thrives by reason of his use of the United States
mails. It is a mail-order business pure and simple.
Let us see what machinery the Government has to protect you and
prevent the letter-carrier from bringing daily to your door the
flamboyant literature intended to lure your money from the bank.
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