The Prize Package Soap Racket
Some time in the late 1870s or early 1880s, Smith began duping entire crowds with a ploy the Denver newspapers dubbed "The prize soap racket".
Smith would open his "tripe and keister" (display case on a tripod) on a busy street corner. Piling ordinary soap cakes onto the keister top, he began expounding on their wonders. As he spoke to the growing crowd of curious onlookers, he would pull out his wallet and begin wrapping paper money, ranging from one dollar up to one hundred dollars, around a select few of the bars. He then finished each bar by wrapping plain paper around it to hide the money.
He mixed the money-wrapped packages in with wrapped bars containing no money. He then sold the soap to the crowd for one dollar a cake. A shill planted in the crowd would buy a bar, tear it open, and loudly proclaim that he had won some money, waving it around for all to see. This performance had the desired effect of enticing the sale of the packages. More often than not, victims bought several bars before the sale was completed. Midway through the sale, Smith would announce that the hundred-dollar bill yet remained in the pile, unpurchased. He then would auction off the remaining soap bars to the highest bidders.
Through manipulation and sleight-of-hand, he hid the cakes of soap wrapped with money and replaced them with packages holding no cash. The only money "won" went to shills, members of the gang planted in the crowd pretending to win in order to increase sales.
Smith quickly became known as "Soapy Smith" all across the western United States. He used this swindle for twenty years with great success. The soap sell, along with other scams, helped finance Soapy's criminal operations by paying graft to police, judges, and politicians. He was able to build three major criminal empires: the first in Denver, Colorado (1886–1895); the second in Creede, Colorado (1892); and the third in Skagway, Alaska (1897–1898).
Read more about this topic: Soapy Smith
Famous quotes containing the words prize, soap and/or racket:
“To become a token woman—whether you win the Nobel Prize or merely get tenure at the cost of denying your sisters—is to become something less than a man ... since men are loyal at least to their own world-view, their laws of brotherhood and self-interest.”
—Adrienne Rich (b. 1929)
“Prestige is the shadow of money and power. Where these are, there it is. Like the national market for soap or automobiles and the enlarged arena of federal power, the national cash-in area for prestige has grown, slowly being consolidated into a truly national system.”
—C. Wright Mills (1916–1962)
“The city is loveliest when the sweet death racket begins. Her own life lived in defiance of nature, her electricity, her frigidaires, her soundproof walls, the glint of lacquered nails, the plumes that wave across the corrugated sky. Here in the coffin depths grow the everlasting flowers sent by telegraph.”
—Henry Miller (1891–1980)