Bucket-Shop
Every day the American people squander $100,000 in fictitious speculation in grain.
There are 1,000 bucket shops operating in the United States at this time, their geographical distribution marked by the boundaries of the country.
For each of these 1,000 shops an average of $100 a day gross income is necessary to meet its expenses, chief of which are for wire and ticker service and blackboard writers.
Thus, in order that 1,000 of these shops may live and remain open, they must have $100 a day each, which, in a year of 300 days, means an income of $300,000,000 annually. Many of these bucket shops fail for lack of money, while others “fail” in order that they may keep the money of the investor. While $100,000 a day as the losses of the people in the illegitimate speculation in grain is very conservative, one must add another $100,000 a day as tribute which the gullible pay to the fake “get-rich-quick” and kindred sharper concerns of the country.