Ponzi is still returning investors’ money, but says he will soon open an office in New York City because there is still $30 or 40 million to be squeezed from the postal reply coupon scheme, which is definitely a real thing, and there are “difficulties” in New England now. Ponzi says, “I am in the business to make money. Ethics do not interest me any more than it interests bankers.” He makes his profits by the method he uses to cash the coupons, but that method is a secret; “Let the United States find it out if they can.”
The article mentions a rival of Ponzi, the Old Colony Foreign Exchange Company, which also offers a 50% profit in 45 days and is also under investigation. Its president, Charles Brightwell, says it does also trade in postal coupons, but mostly achieves its fabulous return by dealing in “foreign goods.” “He did not care to say what the goods are”. Yeah, this is another, to coin a phrase, Ponzi scheme, and Brightwell’s going down too.
Gen. Ludendorff offers the British to raise an army of 1.5 million to fight Russia in exchange for the return of Posen and the Polish Corridor.
Belgian soldiers demanding a bonus invade the Chamber of Deputies and break stuff.
The Daily News (London) objects to the ban on whistling in Guam imposed by US Gov. William Gilmer: “Not even in Soviet Russia, with its countless limitations, has any human being ever been denied the joyous right of whistling to his heart’s content.” Gilmer really did ban whistling. Also racial inter-marriage, but that was overturned by the Navy (by Franklin Roosevelt, in fact). Gilmer was actually removed from his post earlier this month.
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