However, in any jurisdiction where there is a criminal statute against fraudulent representation and obtaining money under false pretenses, I should not hesitate, if I were the prosecuting attorney, to indict every member of such a corporation, and, to sustain the case, I would simply present to a jury of honest men the representations in their advertising literature, and then have the court instruct the same jury as to the validity and limitations of their contract. Their advertising is brilliant enough to dazzle the sun. Their contract is as dull as a mud pie. In addition to all of this comes the question of orcharding by proxy, and the success of the unit or acreage system, and many other similar questions; and let me say that I doubt if there is today in the United States one large development scheme, either in pecan or apple orchards, that will prove of ultimate financial profit and success to the purchaser. The promoter may get rich--he has nothing at stake. In most instances he has the price of the land in his pocket before there is a lick of work done on it, and the payments come in regularly and promptly to take care of his salary and the meager and unscientific development. Of course I would not be understood as saying that pecan or apple orchards cannot be made profitable. I am of the opinion that reasonable sized orchards in proper locations and proper soil, of proper varieties, with proper care in handling, are good investments, and, as proof of my confidence, I am planting orchards both in the north and south. The adjective "proper" which I have used here may seem insignificant at the start but, believe me, before you have begun to clip the coupons off your orchard bonds this adjective will loom up as important as Webster's Unabridged Dictionary. In fact you will wonder how it has been possible for anyone to forecast in one word such comprehensive knowledge. Think of a man a thousand miles away putting money into the hands of some unknown concern, for five acres of unknown land, to be set in unknown varieties of trees, to be cared for by unknown individuals. Can he not see that, in keeping with all the other unknown factors, his profits must also be unknown?