Posts Tagged ‘Chain Letters’

The Gold Rush of ’35

November 4, 2011

The chain letter craze sweeping the country reached proportions of a “gold rush” in Springfield, Mo., where crowds of which the above is typical, stampeded to join in more than a dozen schemes that flourished in the city, with all classes of society participating. stenographers and notaries are shown typing $2, $3, and $5 letters for the clamoring throng. In half a day more than $18,000 changed hands. Then the bottom fell out of the market, with many “holding the bag.”

Kokomo Tribune (Kokomo, Indiana) May 11, 1935