842 
THE RURAL, NEW-YORKER 
August 3, 
PUBLISHER’S DESK 
Some time ago I wrote you as to the 
standing and reliability of the Industrial 
Savings and Loan Company of New York. 
You answered the same by sending me a 
couple of clippings from your paper. The 
Christian Herald has advertised this con¬ 
cern for some time, and there is where I 
saw their advertisement. On receiving your 
letter and the clippings, I sent the clip¬ 
pings to the Christian Herald and asked 
them why they advertised the Industrial 
Savings and Loan Co. Their answer you 
will find inclosed. Will you please express 
yourselves on the matter? w. j. si. 
New York. 
June 13, 1912. 
Dear Sir—On receipt of your recent let¬ 
ter concerning the Industrial Savings and 
Loan Company, we svrote this company for 
information concerning it. We received 
their explanation, a copy of which we en¬ 
close herewith. We trust it will give you 
the desired information. Very truly yours, 
THE CHRISTIAN HERALD. 
The explanation referred to follows: 
June 7, 1912. 
Theodore Waters, Fin. Editor, 
Christian Herald, 
New York, N. Y. 
Dear Sir—We are glad to give you the 
information requested in your favor of the 
oth inst. with reference to this company's 
advertisement, contained in The It. N.-Y. 
It was nearly five years ago, not two years, 
viz., in October, 1907, that the editor of 
The If. N.-Y. notified this company that he 
could not continue our advertising, and two 
of the officers of this company called upon 
him for an explanation. His statement 
was that inasmuch as the officers of this 
company were also interested in the Co¬ 
lumbia Ileal Estate Company, and that be¬ 
cause of the opportunity they would have, 
in his opinion, to misapply or misappro¬ 
priate the funds of the Industrial Savings 
and Loan Company, lie considered it unsafe 
and unwise to advise any of his subscrib¬ 
ers or inquirers to invest their funds with 
it, although he had no facts whatever to 
show that there had ever been any such 
misapplication or misuse of the funds of 
the Industrial Company by its officers and 
directors, and in none of the clippings from 
his paper which we have seen do we find 
that he claims to know of any misappro¬ 
priation or mismanagement of any descrip¬ 
tion. As a matter of fact there has been 
nothing of the kind, and his suppositions— 
for he never had anything else—are thor¬ 
oughly groundless. Now as a matter of 
fact, the Banking Department of the State 
of New York has examined this company’s 
affairs every year and have always made 
very careful examinations, even going so 
far as to appraise the properties upon which 
mortgages in this company are held. The 
Industrial Savings and Loan Company has 
been 19 years under their supervision and 
lias had at least 19 annual examinations, 
so that its history is certainly known to 
the Banking Department of the State of 
New York, in whom you undoubtedly have 
sufficient confidence to believe that they 
would not countenance a misapplication of 
its funds or any practices upon the part 
of its officers or directors detrimental to 
the interests of its shareholders. There is 
no truth in the assertion that its officers 
deliberately set to work to reduce its capi¬ 
tal and its business for their own private 
interests and profit, and if confirmation of 
this statement is desired it can be obtained 
at the State Banking Department. But it 
seems to me no other confirmation of the 
falsity of that statement is needed than 
our financial reports submitted to you, 
wherein is shown a continuous growth 
and progress. It is a fact that the Colum¬ 
bia Beal Estate Company, which has been 
in existence for almost 12 years, has issued 
bonds, but these bonds do not bear 6% 
per cent interest nor did they ever bear 
more than six per cent interest, and the 
statement of The B. N.-Y. is based upon a 
misapprehension of the facts. The Colum¬ 
bia Beal Estate Company and the above 
company are only connected in so far that 
some of the officers of each are the same. 
This company can only loan its funds upon 
improved property, that is property upon 
which buildings are erected, or can invest 
the same in such bonds as are set forth 
in the law governing the investments of sav¬ 
ings banks, so that there is no opportunity 
for any wild speculation even if such were 
desired by the officials of this company. In 
summing up the statements of The B. 
N.-l\ beg to say they are based upon the 
suspicions of its editor and not upon the 
facts. Several of the officials of this com¬ 
pany have been officers and directors of 
the company for 19 years; they have built 
up the business of the company year by 
year until its resources have reached over 
two and one-half million dollars as indi¬ 
cated in the inclosed financial statement.' 
They have violated no trust and have not 
made any misappropriation or misapplica¬ 
tion of its funds, and I don’t believe that 
you yourself are of the opinion that the 
State Banking Department of New York 
would permit the present officials of this 
company to remain in office a moment if 
the charges of the editor of The R. N.-Y. 
were true. Yours very truly, 
frank e. knox, Secretary. 
Here we have the spectacle of the sec¬ 
retary of the Industrial Savings and 
Loan Association just 22 days before 
the New York State Banking Depart¬ 
ment took charge of the institution try¬ 
ing to discredit the information given 
out by The R. N.-Y. and at the same 
time holding up the State Department as 
sponsor. The collapse of this institution 
following so closely upon writing of the 
above letter emphasizes more clearly 
than anything we may say how well 
founded were our “suspicions.” That 
the officers deliberately set to work to 
reduce the capital of the Industrial Sav¬ 
ings and Loan Co. we had the positive 
proof in letters sent us by subscribers 
from officers of the company soliciting 
a transfer of the subscribers deposits 
to the so-called bonds of the Columbia 
Real Estate Co. 
Can you toll me anything about t\je 
Doking Mfg. Co., southwest corner Washing¬ 
ton and Franklin streets, Chicago, Ill.? 
Is their separator all right? They claim 
to separate milk in three and five minutes. 
Please tell me if they are any good. 
Delaware. J. b. h. 
In the last 20 years we have told 
about this fake at least 100 times. They 
have a sort of machine that sometimes 
mix up the solids and fats in milks, 
making a sort of mixture of butter and 
cheese elements, and call it butter. But 
many reports are that they are so poorly 
made they cannot be worked even at 
that. Leave it alone. 
I bought a silo of one of the agents of 
Lake Eric Seed Co. of Buffalo, N. Y., last 
season and it has not proven at all as rep¬ 
resented and warranted. The last payment, 
is due August 1, and I would like some 
suggestion as to whether it would be worth 
while putting up a fight and refusing to 
pay this last note until they made good, of 
to “swallow my medicine” and charge a 
goodly sum up to experience account. 
New York. D. J. M. 
We advise this farmer to make the 
fight in the interest of farmers generally, 
whether the amount involved makes it 
worth while or not. The individuals be¬ 
hind the Lake Erie Seed Co. are Messrs. 
Woodruff and Spalding, of American 
Farm Co. fame. And we understand 
these same gentlemen are the moving 
spirits in the Universal Corporation Ex¬ 
change, Columbus, O. Farmers who 
signed orders for silos with the last 
named concern are also having trouble. 
No matter what name Woodruff and 
Spalding use to cover their identity, the 
result to their customers appears always 
the same—disappointment and loss— 
which once more proves the old adage 
that “a leopard cannot change his spots.” 
Washington, July 21.—One hundred and 
twenty million dollars was stolen from the 
American people during the last fiscal year 
by swindlers who operated largely through 
the United States mails, according to a 
statement just made in a formal report to 
Postmaster-General Hitchcock. This was an 
increase of approximately .$50,000,000 over 
the previous year. Of those alleged to 
have operated the fraudulent schemes, 1.003 
were arrested by Post Office inspectors, 452 
persons were sentenced, and 571 cases are 
awaiting final disposition. The swindlers 
who exploit bogus mines, fake remedies and 
worthless lands constitute a distinctive 
class of lawbreakers. Among them are 
many who pose as respectable citizens, lead¬ 
ers in their communities and in the highest 
social and business circles. Some of them 
were millionaires.—Daily Press. 
We can easily credit the above figures 
from our own knowledge of the money 
which was put into Lewis, Hampton- 
Columbian and the many other stock 
jobbing swindles which have come to 
our notice. The P. O. Department has 
been commended many times in this de¬ 
partment for the good work it is doing 
in closing up these get-rich-quick con¬ 
cerns when the evidence is obtainable 
and putting the swindlers in jail. 
$120,000,000 —think of it! There 
seems no limit to the money these 
swindlers might have gotten were it not 
for the activities of the Post Office offi¬ 
cials, and in spite of the department’s 
work it seems the rogues increased their 
stealings by some $50,000,000 over the 
year previous. If this ratio of increase 
continues it would seem that the gold- 
brick-men will soon have all the money 
in the country. Beware of the slick pro¬ 
moter promising big profits and returns 
on your money. Such promises are the 
stock in trade of all of them. 
The Campbell Mfg. Co. of Chicago sent mo 
a razor which I did not order. Please ad¬ 
vise me what to do so that they can cause 
me no trouble. 1 am enclosing you their 
letter for your information. c. F. l. 
Pennsylvania. 
The printed letter accompanying states 
that the razor is sent on 15 days’ trial. 
The wholesale factory price on this 
razor is said to be $5, but the subscriber 
is asked to send only $1.90 in payment 
of it, provided he finds it satisfactory. A 
good many of our subscribers are an¬ 
noyed in this way by having razors and 
other things sent to them which they do 
not order and do not want. The Victor 
Razor Co. of Chicago is another concern 
that our subscribers have complained 
about in this way. We don’t feel that 
the subscribers are under any obliga¬ 
tions whatever to concerns sending out 
goods on their own responsibility. We 
don’t see any reason why they should 
go to the trouble and expense of re¬ 
turning the goods under the circum¬ 
stances. If people generally, would re¬ 
turn goods received in this way, by ex¬ 
press, charges “collect” perhaps this pol¬ 
icy would put a stop to this objectionable 
way of forcing articles on country peo¬ 
ple. 
STOVES AT WHOLESALE PRICES {*«$ 
raciory, 
Freight Paid, and safe delivery insured. Then after 
have 50 years’ reputation 
hind them. Our Stove Book, Free, 
tells what makes a stove pood. 
Our Profit Sharing Plan Will 
ONE YEAR'S FREE TRIAL 
we refund your money if you 
are not satisfied. 
GOLD COIN 
RANGES 
GOLD COIN STOVE CO.. 3 Oak Street, TROY. N. V. 
FENCE PRICES BUSTED 
15c"" 
ROD 
buys this High Grade Hog Fencing: heavier 
than usual kinds offered. Zoinches high, 7 bars, 
weighs about 6 lbs. to a rod, all heights at propor¬ 
tionate prices. 48 inch Poultry Fencing, 
strongest built, per rod_— ■ A* 
$1.25 K! GALVANIZED WIRE 
This price Is for No. 6 gauge. Other sizes in pro- 
portion. This is our Galvanized Wire Shorts, put up 100 lbs. 
to a bundle, suitable for Fencing: and general purposes. 
BARBWIRE* 
Best and strongest; standard 
weight. Made of No. 12 gauge, * | QC 
galvanized,putupl001bs.toareel,pcrl001bs.M* w 
FENCE CATALOGUE FREE ^ 
Fencing.WireGates, Lawn Fence, Fence Posts, etc. 
Chicago House WreckingCo., Dept.L37,Chicago 
I LLO LLi 
AJ LVUAT/AJLVJ lAT-Vt rAtfAUAIf|U 
tmnnnnnnnnn 
mm 
ORNAMENTAL IRON FENCE 
Strong, durable and cheaper than wood. Hundreds ot 
patterns for lawns, churches, cemeteries, public grounds, 
etc. Write for free catalogue and special offer. 
WARD FENCE CO., Box 625, DECATUR, IND. 
WE BUY OLD BAGS 
SOUND AND TORN 
We Pay the Freight 
IROQUOIS BAG CO. 
725 BROADWAY, BUFFALO, N. Y. 
EVERY LOUSY HEN 
is losing real money for you. Every egg you don’t 
get is so much money lost. Stop that leak ! Hens 
tormented w ith lice can't he expected to lay eggs. 
You can keep them free of lice with one application 
a year, and Circular Cl tells you how. Sent Free. 
Write us today. 
CARBOLINEUM WOOD PRESERVING CO. 
181 Franklin Stroet New York 
THE 
FARM 
SINGLE COMB BUFF ORPINGTONS 
(CONTEST STRAIN) 
We have mated four pens for fall hatchings. 
Eggs $3 per fifteen. Place your order early. 
831731 O. WILSON, Carlisle, W. Va. 
PULLETS FOR SALEHS 1 KJtS?! 
Barred Bocks and Youngs S. C. W. Leghorns. All 
March and April hatch. The Mackey Farms, Bilboa, N. Y. 
SQUAB BREEDERS FOR SALE 
The best strain of big, fast-working Homers. Pro¬ 
duce squabs that satisfy the most particular trade. 
$1.00 per pair or 75c.per pair for 10 or more pairs. 
.SATISFACTION GUA BANT FED. 
ARTHUR H. PENNY, Oak Grove Squab Farm, Riverhead, N Y. 
R. I. Reds Houdans, Indian Runner Ducks 
High-class stock for UTILITY, SHOW or EX¬ 
PORT. Eggs for hatching. Mating list on request. 
SINOLATB SMITH. Southold, Suffolk Co., N. Y. 
S. C. W. LEGHORNS 
AT HALF-PRICE 
I am compelled to make room for growing stock, and wtB 
therefore sell after Aug. 15 about 300 two-year-old hens and! 
700 yearlings at one-half theirvalue. Prices: 2-year-olds, 
75c.; yearlings, $1.00, This is your opportunity to procure 
pure bred utility stock at a low price. Orders filled in order 
received. Don’t delay. 
Chas- W. Brick, Box D, Crosswicks, N. J. 
BABY CHICKS 8^c EACH 
From Free Kange Selected 
S.C.WHITE LEGHORNS 
Prompt delivery. A hatch every week. Write for 
prices on three-weeks’-old chicks. Safe arrival 
guaranteed. Circular free. CHA S. B. STONE, Baby 
Chicken Farm, Staatsburg-on-Hudson, N. Y. 
FOR SALE 
500 S.C. White LEGHORN BREEDING HENS 
75 CENTS—$1.00 EACH 
Write “FARMLEIGH,” Carmel, New York 
EARLY PULLETSand HENS 
Leghorns, Wyandottes, Rocks and P. Cochins 
MAPLE COVE POULTRY FARM • R. D. 24 • ATHENS, Pi. 
CHICKS and HATCHING EGGS 
FROM THE FOLLOWING SELECTED BREEDERS 
S. C. W. Leghorns Barred Plymouth Recks 
S. C. R. I. Reds 
BONNIE BRAE POULTRY FARM.NEW ROCHELLE. N. I. 
S. C. W. LEGHORNS 
300 choice yearling Hons at $1 each. Strong, healthy 
and great layers. VANDERBILT FARM, Morris Sta., MV. 
500 S. C. WHITE LEGHORN BLANCHARD G STRMN 
Write for price. Patterson Poultry Farm, Clayton, N. Y. 
1000 S. C. WHITE LEGHORNS WKSS 
Young and Lakewood Strains direct. Prompt 
on future delivery. Special prices on large lots. 
SUNN V HILL FARM FLEMINGTON, N. J. 
YEARLING HENS 
To make room for this year’s Pullets we must 
dispose of 500 S. C. White Leghorn yearlings by 
Aug. 15. These are choice- daughters, selected 
from heavy-egg-producing mothers. Price. $i.50 
each in lots of twelve. Special price on 50 or more 
BROAD BROOK FARM, Bedford Hills, N. Y. 
POULTRYMEN 
EAST DONEGAL POULTRY YARDS 
Catalog describing 35 varieties. 
MARIETTA, PA. 
WRITE FOR OUR nAY-fll 11 PHIY WITH FIRELESS 
PRICES ON UAI ULU UHIA BROODER INCLUDE* 
PROMPT DELIVERY CATALOGUE FREE 
TAYLOR’S POULTRY YARDS, LYONS, N. Y. 
T HE FARMER’S FOWL— Bose Comb Reds, best winter 
layers on earth. Eggs, $1.00 per 15. Cataloeu* 
free. THOS.-WILDER, Route 1, Richland, N. Y. 
MALLARD DUCKS, pure wild 
drakes, $5.00: trio, $10.00. Muscovy 
ducks, drakes, $5; trio. $9. Pekin ducks, $2 apiece. 
CH. P. HATCH, Plum Beach Farm, Port Washington, L. L 
FOR SALE 
SURPLUS STOCK 
BARRED ROCK, WHITE ROCK PARTRIDGE 
COCHIN, PARTRIDGE WYANDOTTE 
lO HENS, 1 COCK.$25.00 
MINCH BROS. BRIDGETON, N. J. 
S. C. W. LEGHORNS 
Annual Sale of Selected Yearling Breeders. 
HENS AND COCKS, $1 EACH. 
Mt. Pleasant Poultry Farm, Havre de Grace, Md, 
Pure Water—Healthy 
The cau se of most of your poultry troubles can usually be traced to your failure to properly protect 
tneir drinking: water from contamination from the chickens themselves. It is a very easy matter 
to end this class of trouble by supplying your chickens with pure water and keeping it pure with a 
Moe’s Top-Fill 
Poultry Drinking Fountain 
It always supplies just enough pure water—won’t slop over—dead air space 
keeps water cool in summer, warm in winter. ■ Simple in construction—remove 
cover and fill from top—water ceases to flow when cover is removed—no valves 
to get out of order. One, two and three gallon capacity. Satisfaction guaranteed. ^jj 
If not at dealers, sent direct on receipt of price, 1 gal., $1.25; 2 gal., $1.75; 4 gal., $2.25. 
■ OTIS & MOE, 2016 New Otis Building, Chicago, Ill. 
Regenerate 
Old Orchards 
WITH 
RED CROSS 
DYNAMITE 
By exploding one cartridge in centre of tree squares; the 
compact subsoil is broken up, a new water-reservoir is 
created, new plant food made available, and the old trees 
made to bear as well as ever before. 
Write for Free Booklet 
To learn how progressive farmers are using dyna¬ 
mite for removing stumps and boulders, planting 
.rnij and cultivating fruit trees, regenerating barren 
/ ‘ soil, ditching, draining, excavating and road- 
“making, ask for “Tree Planting Booklet, No. 30 ” 
DU PONT POWDER CO. 
PIONEER POWDER MAKERS OF AMERICA 
WILMINGTON. DEL. 
AddressesIoLExptriencedlAgricultural Blasters Furnished on Request, if Disired. DU PONT POWDER COMPANY 
