1 ©8 
THE RURAL, NEW-YORKER 
February fj. 
PUBLISHER’S DESK 
Some time back a subscriber wrote 
us that one of the family was about to 
invest some money in the Funding Com¬ 
pany of America, and asked our advice. 
We looked into it, and finding nothing 
substantial, but every indication of a 
frame-up, we advised leaving it alone. 
We had something to say about it in 
“Publisher’s Desk” at the time, for 
which we were threatened with libel 
suits. The representatives of the com¬ 
pany, however, followed up the pro¬ 
posed investor and succeeded in con¬ 
vincing her that The R. N.-Y. was a 
blackmailer, and succeeded in getting 
the money. The impression that the 
investor had and expressed of The 
R. N.-Y. after she had been advised by 
the promoters of its selfish motives and 
wicked character, would not look very 
good in print, so we pass them with the 
general statement. The promoters, 
however, have now gone into voluntary 
bankruptcy. In a recent statement the 
company claimed to have assets to the 
amount of over $630,000. In the bank¬ 
ruptcy petition the assets are given as 
nominal. Our good friend has lost every 
cent of her money. It will be poor con¬ 
solation for her to know that all the 
other investors like herself are also 
losers. 
Our readers who remember our cau¬ 
tion some years ago against the invest¬ 
ment in the Collins Wireless Telegraph 
Company, will be interested to know 
that Frederick Collins, Charles L. 
Vaughan and Cameron Spear were re¬ 
cently convicted in the United States 
District Court of fraudulent use of the 
mails, and sentenced to five years each, 
and are now doing time in the Federal 
Prison at Atlanta. 
Alfred H. Monroe, president of the Globe 
Association, a Chicago mail order house, 
was fined $5,000 by Federal Judge Landis 
this afternoon on an indictment charging 
fraudulent use of the mails. The scheme 
charged by the government was that the 
defendant advertised for employes in var¬ 
ious States, promising to pay them large 
salaries.—Exchange. 
This is our old friend of the Globe 
Association. Some time ago he escaped 
conviction on an indictment through 
technicality; but this time the law seems 
to get its due. The Globe Association 
is the concern that promised 100 pounds 
of sugar for $1.75, but obliged you to 
pay $10 for stuff you did not want or 
could buy cheaper at home before you 
could get the sugar, and you could not 
always get it then. Agents were prom¬ 
ised salary and expenses, but when they 
woke up they found that they had paid 
an advance fee of $5 to $15 for some 
membership tickets to be used in faking 
their neighbors for the benefit of the 
Globe Association, and all the agent 
ever got or could get was a small per¬ 
centage of the plunder. Mr. Monroe 
gets off this time on a fine. It is to be 
hoped he will not provoke speculation 
of possibilities following a second of¬ 
fense. 
Some time ago I took Beery’s course In 
horsemanship, advertised in The R. N.-Y. 
I have utterly failed to get any results 
from the methods advised, caused probably 
by the somewhat exceptional disposition 
of the horse in question, which failure 
tends to show that this system is not in¬ 
fallible in all cases. Beery gives a positive 
money return guarantee if not satisfied, 
you to be the judge of the value of the 
lessons. He gives this guarantee in pro¬ 
spectus and letter. After called upon to 
live up to his promise he dodges the issue 
and takes to quibbling. The price of the 
lessons is $15. If you will try to get him 
to do what is right I would be very much 
obliged to you. o. s. 
Maryland. 
In Prof. Beery’s literature soliciting 
this subscriber to take his course in 
horsemanship we find the following: “I 
guarantee that by my system you can 
cure any horse in a very short time of 
any habit, no matter how long stand¬ 
ing.” And in another place, “Turn to 
page 22 and read my guarantee in which 
I state that your money will be re¬ 
funded after you complete the study 
and apply the methods, if you are not 
fully satisfied. You are to be the judge 
of the value of the lessons The for¬ 
mal guarantee printed in the prospectus 
on page 22 reads as follows: 
We guarantee to refund the price paid 
for the course if the subject is not treated 
in a masterly and practical manner and 
every claim in our literature made good. 
If you do not consider that you have 
received more than $15.00 worth of in¬ 
structions after you have finished the 
course, and cannot apply them successfully 
by the aid of the information bureau, your 
money will be refunded. jesse beeky. 
Now let us see how Prof. Beery lives 
up to this plain and explicit guarantee 
to refund the $15. The subscriber wrote 
Prof. Beery several letters asking him 
to live up to his guarantee without re¬ 
sult. The final letter from Prof. Beery 
to the subscriber, still refusing to make 
good on his guarantee, contains the fol¬ 
lowing proposition: 
In August, 1913, I will handle all kinds 
of bad horses at the home coming of 
Beery students. Come and bring your 
horse. I will handle him for you or turn 
him over to students who did learn by mail. 
If we fail to prove that you are mis¬ 
taken I will pay all your expenses from 
the time you leave home until you return 
and refund your $15 besides. 
The above proposition is evidently 
Prof. Beery’s way of living up to 
guarantee to refund the money paid for 
the course, and the student was to be the 
“judge of the value of the lessons.” 
This might be said to be the age of 
“correspondence course” craze. We now 
have correspondence courses in every¬ 
thing from threading a needle to run¬ 
ning a flying machine. Some useful in¬ 
formation is no doubt disseminated in 
this way. Our general criticism of cor¬ 
respondence courses is that too much is 
claimed for them, and many people are 
induced to invest their money in these 
courses whose education, training and 
capabilities make it unreasonable to ex¬ 
pect they can get any possible practical 
benefit from them. About the poorest 
recommendation any young man or 
woman can have when applying for a 
position is to be a “correspondence 
course graduate.” Business men would 
sooner take chances with those who pro¬ 
fess to be entirely inexperienced. 
People who expect to get rich quick 
through investments in real estate 
schemes in and around New York may 
well take a lesson from the revelations 
in the Jackson Brothers Realty Com¬ 
pany case, which had offices at 507 Fifth 
avenue, New York. Last week one of 
the Jacksons was convicted of fraudu¬ 
lent use of the mail in having induced 
Mary Griffith, of Akron, O., to invest 
$5,000 with him for an alleged interest 
in property which he did not own. Mrs. 
Eleanor B. Barry, a widow, of New 
York, shot herself in despair after the 
conviction. She had given the Jacksons 
$83,334 for a worthless mortgage. It 
was said by one of the attorneys in the 
case that Mrs. Barry was the fourth 
victim of the Jacksons to commit sui¬ 
cide. One of these was a graduate of 
Yale who lost several thousand dollars. 
A school teacher of Boston, who lost 
$5,000, dropped dead on hearing of the 
conviction. It was said that the Jackson 
company cleared up over a million dol¬ 
lars in three years. We hope to get 
some legislation in Albany this year to 
circumvent some of these promoting 
schemes. It is badly enough needed. 
Bills have already been introduced in 
New Jersey to prevent the organization 
of stock companies on wind, but the 
best preventive is the education of the 
people. It will not do you much good 
to send promoters to jail after your 
savings are gone. 
In our issue of July 2, 1910, a reader 
from Missouri inquired about the Col- 
orado-Yule Marble Company, incorpor¬ 
ated with a capital stock of $ 10 , 000 , 000 . 
In reply to his inquiry we said that it 
was a very thin layer of molasses to 
catch a sensible man; that we knew one 
of the gentlemen connected with the 
claim, and we did not care to inquire 
into it further, as we never knew any¬ 
thing good to come out of bad sources. 
We had some further reference to the 
proposition at different times, and Mr. 
Charles Austin Bates, the promoter, felt 
aggrieved on one or more occasions 
that The R. N.-Y. should not have 
faith in his much-lauded enterprise. In 
its issue of January 18, The Financial 
World gives some very definite details 
of the operations of the company, and 
estimates the total liabilities at the pres¬ 
ent time to be $12,869,685, with $54.01 
cash in the bank and accounts receiv¬ 
able for $408,000. The promoters now 
want authority to issue more stocks and 
more bonds to furnish money to help 
them out of present difficulties. This 
after some six or seven years of pro¬ 
motion. It seems that the concern paid 
one little cash dividend, and that the 
present condition of the company would 
arouse the suspicion that the dividend 
was paid more as a means of selling 
securities than as a distribution of any 
legitimate profits. Promoter Bates may 
succeed in getting some more money at 
this time. We doubt if he gets much, 
but if he does it will only postpone the 
day of final grief for those who have 
already invested with him. 
JOHN J. DILLON. 
When you write advertisers mention The 
R. N.-Y. and you'll get a quick reply and a 
“square deal.” See guarantee editorial page. 
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