7-T<3 
the rural new.yokkkk 
June 7, 
PUBLISHER’S DESK 
The enclosed letter from the Island 
End Development ('orporation was sent 
to a neighbor and we should like to see 
the promotion scheme exposed. 
New York. w. M. C. 
This is another lot promotion scheme 
on the eastern end of Long Island, a 
day’s rail ride from the city. It is the 
old scheme to give a lot free, and pay 
several times its value for alleged de¬ 
velopment improvements. We believe a 
new law recently signed by Gov. Sulzer 
will prevent these free gift realty 
schemes. 
I have shipped three cases of white 
hennery eggs on April 28 and two cases 
on May 2 to the Consumers’ Butter & 
Egg Go. of 138 Patchen Avenue, Brook¬ 
lyn, N. Y., for which they promised to 
pay every Monday and to pay one Cent 
above quotations without commission. I 
have not heard from them yet, and wrote 
and got no answer. Can this be collected, 
as they have no rating, which 1 found 
out afterward? o. e. m. 
Pennsylvania. 
This shipper is late in making his in¬ 
quiry. It should have been made before 
the goods were shipped. Readers who 
keep an index of tin- references in this 
department avoid shipments to concerns 
which have already been exposed. Of 
course, nothing can be done with this 
complaint. 
Some time ago you referred to the 
American Ileal Estate Co., in which I 
have been an investor since ll)0f>. This 
year tin- company will pass its 2. r >th year 
in business and has over 18,000 bond¬ 
holders. It has always met its obliga¬ 
tions promptly. The inclosed clipping 
from the “Financial World” is sell-ex¬ 
planatory. Your criticism tends to 
weaken the confidence of some investors. 
Will you look into the matter once again, 
and publish your findings? A. L. 
New Jersey. 
We can admit all the "Financial 
World” and this correspondent say about 
this company without in any way impair¬ 
ing our criticism of their six per cent, 
notes as an investment. The company 
is capitalized for $100,000. This may or 
may not have fbeen all paid in in cash. 
By its own statement it has in round 
numbers $27,000,000 of assets, and $25,- 
000,000 of debts. That leaves a net sur¬ 
plus of $2,000,000. Of the liabilities 
current adjustment seems to leave an ob¬ 
ligation of about $800,000; fixed mort¬ 
gages, $11,570,022; these notes, $18,- 
285,747. The mortgages would seem to 
represent about 50 per cent, of the value 
of the properties held. This mortgage 
money could be secured at 4% to five per 
cent.; and it is a fair inference that the 
company, as a matter of good business, 
would take out the highest mortgages the 
loaners would make at this rate rather 
than pay six per cent, on notes. But in 
any event the mortgage is a first lien on 
the property, and probably not a single 
one of them run more than five years. 
The notes are a mere personal obligation 
of the company on the same standing as 
the open accounts, except that notes run 
for 10 to 20 years. The sum of these 
personal obligations seem to be about 
$13,500,000. The vast sum is loaned by 
small investors on the personal notes of 
the company. It. represents the equity in 
the properties above the mortgages. If 
these notes were second mortgages, 
which they are not, the investors would 
have an estimated equity of about seven 
per cent, above their fixed claims. This 
to an experienced real estate man in New 
York City is 00. We are not, as the 
usually cautious "Financial World” im¬ 
plies, confusing this company with the 
“fungus bunch of imitators its success 
has raised up.” We examine its own 
statement on its merits. At best its note 
holders are loaning for 10 to 20 years 
$13,000,000 on an estimated equity of 
seven per cent, above their claims, and 
there are $11,570,022 of fixed mortgages 
ahead of them. No experienced investor 
would loan money on such paper. 
Publisher’s Desk has received a card 
of remembrance from Clark Allis bear¬ 
ing the imprint of the Egyptian mum¬ 
mies, which indicates that (’lark and 
Mrs. Allis have reached the Nile Valley 
on their travels. Mr. Allis is earning 
for himself tin* distinction of being the 
greatest agricultural globe-trotter of the 
world. 
The Woman’s World Publishing Com¬ 
pany of Chicago, has gone into the 
hands of a receiver. This is the com¬ 
pany promoted by George Currier. Stock 
was sold to readers of the paper and 
promises of big profits were made. A 
dividend was declared and paid; but later 
it was admitted that it. was not earned. 
About 18 months ago, the business was 
taken over by creditors and an effort 
made to put it on its feet, and save 
something for creditors and stockholders, 
but the burden left on it by the Currier 
schemes proved too heavy and the courts 
were asked to intervene in the adjust¬ 
ments. The stockholders, will, of course, 
get nothing. 
I have yours with check for the $4 col¬ 
lected from Adams Express Company for 
broken eggs. I wish to heartily thank you 
for your help in the matter. These little 
bills for damaged shipments are ex¬ 
tremely annoying to us, as we do a large 
express business. We have been accus¬ 
tomed to let many of them go by. While 
one or two are a small item, when we 
have a number every year, in tin- aggre¬ 
gate they amount to quite an item, and 
it seems the express companies throw 
every obstruction possible in the way of 
collection. Send me a bunch of those 
little envelopes. I like to put them in 
with my correspondence . J. T. c. 
Pennsylvania. 
These small losses are most trying and 
exasperating to a shipper, and taken in 
the aggregate quickly eat up the profit 
on a shipment, but it is impossible to get 
any redress unless notation is made on 
the receipt when the shipment is offered 
for delivery. If the damage is not ap¬ 
parent from the outside, but is found to 
exist, when tin- box is opened, call in your 
nearest express representative and have 
him note tin- contents and ask him to en¬ 
ter your claim for you. If you are too 
far from the express office to do this, have 
two disinterested parties note the dam¬ 
age. Write out a statement of it and 
have them sign same. This will put tile- 
matter up to the express company in 
concrete shape. The companies refuse to 
honor claims for losses of the kind where 
no notation is made. This applies to all 
kinds of shipments as well as eggs. 
Are the E. A. Strout people bluffers? 
Judge for yourself. Recently Mr. S. 
Varney, Gansevoort, N. Y., allowed the 
Strout Agency to offer his farm for sale, 
with the verbal assurance from them, be 
says, that it would cost him nothing if 
they sold, and nothing if they did not. 
Later lie withdrew the property, as they 
had done nothing, lie says, to sell it. Now 
they are trying to collect $30 as a with¬ 
drawal fee. With the bill and the threats 
to begin action if not paid within a defi¬ 
nite time, they send a reprint in circular 
form from a local newspaper in Maine, 
giving an account of a suit instituted by 
flic Strout Agency to collect a similar fee 
of $50 from a woman. This clipping 
states that a judgment for $50 was ren¬ 
dered by the court. Of course, the impli¬ 
cation was that this farmer might expect 
a similar suit and results. We investi¬ 
gated the matter and found that the suit 
was brought in a favorable environment 
and the judgment for $50 was rendered. 
But the case was promptly appealed to 
the higher court. This higher court ren¬ 
dered a decree of which the closing para¬ 
graph reads as follows: 
The plaintiff’s own evidence shows that 
it did not comply with the terms of its 
contract as herein interpreted by the 
court. It failed to list the property as 
the contract required. As the verdict 
was against the law and the evidence, 
the exceptions need not be considered. 
New trial granted. 
The Strout Company never brought 
the new trial. On the contrary, they 
compromised by paying the costs and ex¬ 
pense of the suit, and dropped it. This 
all happened some five years ago. V ere 
the Stronts bluffing when they sent the 
reprint of the report of the trial to Mr. 
Varney? Did they know the decision had 
been reversed? Did they know that they 
never dared try it again? In short, did 
they misrepresent (lie case to Mr. Varney 
to induce him to settle a similar claim? 
The Strout Agency has now filed five 
alleged libel suits against The R. N.-Y. 
on account of complaints from subscrib¬ 
ers published in the paper. If there are 
no others in the meantime, this may form 
a basis for a sixth. They must have ninth- 
lots of money selling farms to justify the 
claims for damages that they make. We 
suppose the bigger commissions they 
made on the people who bought farms 
through them, the bigger the claims for 
damages when the commissions stop. 
J. J. 1). 
Intending Passenger: “Can I go to 
Scolltiy Square without change <>n this 
car?” Fresh Conductor: “No, mum; 
you need a nickel.” Boston Transcript. 
The U. S, Government, 
the State Agricultural Stations, the Agricultural Schools, all 
believe in the use of concrete .on the farm. Pretty strong 
evidence, isn’t it? All right, but don’t forget that cement is 
the heart of the concrete. Good materials make concrete 
stand the load. When you want concrete, be sure to want 
the right cement —the Panama Canal cement—the Keokuk 
Dam cement—the brand of never-questioned quality— ATLAS 
—"The standard by which all other makes are measured.” 
JIaoc ijou our FREE 168 page Farm Book on concrete work? IVrite u$ for II now. 
If your dealer cannot supply you with Atlas, write to 
THE ATLAS ESALLAiiS CEMENT CO., Dept 22, 30 Broad St., N.Y 
CKicag’o — Philadelphia 
Largest productive capacity of any cement company in the world. Over 50,000 barrels per day 
ATLAS 
PORTUHO % 
ATLAS 
'^STUvC- 
PO RTLAND 
CEMENT 
CowEase-. 
Prevents Ticks, 
KEEPS 
FLIES OFF 
_ Cattle and Horses 
one! allows cows to feed in peace, making 
More MilK and More Money for you. 
A clean, harmless liquid preparation, ap¬ 
plied with n sprayer. Keeps cows in good 
condition, and saves five times its cost in 
extr a milk. 
TRIAL OFFER 
If your dealer cannot supply 
you. aend us his name ana 
$1.25, and we wiil deliver 
prepaid to your address n 
halt-gallon can of COW- 
EASE and SPRAYER (or 
applying. For West of Mis-, 
•ouri River and forCanada. 
above Trial Offer, $| .50. 
Satisfaction or Money Back. 
CARPENT ER-MORTON CO. 
BOSTON. MASS. 
FOR mtmm—mmmmmm 
..Floors, Furniture and Interior Woodwork 
use 
Camphel lsVarnish Stain 
All aiyts und colors.ot Paint & Hardware Dealers 
Carpentcr-Morton Co.,Boston,Mass. 
30 DAYS FREE TRIAL 
Add years to the life of your 
cream separator and get more 
cream every day, by using a 
Parker Governor Pulley 
to regulate speed of separator. Protects’ 
' against sudden starting and thrust of en¬ 
gine. Controls speed perfectly. Speed 
changed without stopping. Huns either 
direction. Send for one now on 30 days 
.4 free trial. We take it back | 
k und pay freight I'oih wayt if 
not sulk,lai lory. Hull details 
upon icijucsl. Write now. 
The Brownveli Engine 
& Pulley Co. 
323 Michigan Annul, 
Lansing. Mich. 
|MAKE BIG PAY DRILLING 
WATER WELLS 
Our Frio hrlllii h’ Hook with 
catalog of Keystone Drills 
tolls how. Many sixes 1 trac¬ 
tion and portable. Easy 
tornis. These inachlnvs 
make good anywhere. 
KEYSTONE WATER DRILL CO 
Beever Falls. Pa. 
With perfect air 
The easiest working hand-power Water and Air 
l’utnp is complete, ready to install. You can buy 
it on credit if you like. (let our catalogue and 
New Way Selling Plan No. 25 today, it’s fire. 
THE SIMPLEX WATER WORKS, Baltimore, M d 
in House and Barn at even 
temperature Winter or Sum 
mer at Small Cost. 
Send Postal, for New Wator Supply 
Plan It will bring you 100 pictures 
of it m actual use. Do it Now 
Aormotor Co., 1144 8. Cumpboll Av., Chicago 
A#,motor Co., 3d and Medltan Street*, Oakland, 
7 C DELIVERED ANY 
I lL■ 1 J STATION EASTof 
MISSISSIPPI RIVER 
‘Lucky Low Down” Dump 
Curt. Si rung,substant ial 
BU a «l whveU, vvblo 
nxlo. Body lx4xftfi* An> horio; 
any hatntxt. C’aj'iioliy 1,-too 
I bn. Fanner", g*rd«nti \ frull 
grow- m and uvcrybmlv with 
a horao. Nave* Ita < « i -i ®v«rj 
your. F. K. IIOIISON CO* 
Fuiitoii, Fa. 
'* TI 7 i<vi the JuU'i• is in tho Apple " 
MT. GILEAD CIDER PRESSES 
Tim livel moat nfltclimt, and most ocono. 
mlcel method of netting the ... 
out of tlint tipple crop In to aqueoso It 
nut with it Mount Ollt'utl Older Frees. 
Capacity range of front 10 to 100 hbla. 
dally. Wo make a preaa forovory 
purpose, Alio rider evaporators! 
npplc-butter cookers, »lnei:ar| 
g .rstora, spraying outfits,etc. 
HYDRAULIC PRESS MFC. CO. 
(Oldest and largest manufacturers Of 
elder presses in (he world.) __ 
137 Lincoln Avenuo, Mount Gilead, Ohio 
Or Koom lit) L 39 Curt Intuit Sb, Now York, N. Y. 
FREE 
For a limited time, 
we will give abso¬ 
lutely free a can of 
Ricnier’s Shoe Life 
with every pair of 
Riemer’s Wood Sole Shoes or Boots 
It's a perfect dressing for Riemcr’S or any 
other work shoes, boots or harness. 
Riemer's Wood Sole Shoes should be worn 
l>y every farmer. They are light, durable. 
watcr-proot and far superior to leather or metal Mdcu 
shoes. A trial will convince you. N not 
at dealer’s send us his name and u 
lor Shoes or 13.75 lor Hoots. Wo pay ex¬ 
press charges. Money back it not satis¬ 
fied. Illustrated booklet lice. 
A. H. Riemer Shoe Co. 
2911 Vliet Stresl 
Milwaukee, Wil. 
