1914, 
4L51 
EVENTS' OF THE WEEK. 
DOMESTIC — Sealed indictments 
against six stock brokers were returned 
Feb. 27. to United States District Court 
by Judge Hollister in connection with al¬ 
leged stock • selling frauds of Franklin’s, 
.Inc., candy manufacturers, whose presi¬ 
dent, Floyd N. Franklin, has already 
been indicted with Nova Adolphus 
Brown, broker, by the Federal Grand 
Jury. It is alleged that the six de¬ 
fendants continued to sell the company’s 
stock to the public notwithstanding the 
first arrests. Before the first indict¬ 
ments, it is said, $500,000 in stock had 
been unloaded, and now the public has 
nearly $500,000 more. The Government 
contends that the company promised a 
profit of 1,000 per cent on the sale of 
its stock. At the time the concern’s 
stock was put on the market, it is al¬ 
leged, the company’s plant at Long Isl¬ 
and City had not been completed. The 
names of the indicted brokers have been 
witheld. 
The great storm of March 1-2 did 
great damage in and around New York, 
especially to transportation service of all 
sorts. Miles of telegraph and telephone 
wires were useless, having broken or 
sagged under the weight of snow and 
ice. The only direct service to Wash¬ 
ington and the West from New York 
March 2 for newspaper or commercial 
use was by means of one underground 
system of wires. The Postal Telegraph 
Company, in order to reach the capital, 
flashed along this remarkable route: To 
Albany, to Montreal, to Detroit, to Chi¬ 
cago, to St. Louis, to Birmingham, to 
Augusta, to Atlanta, to Richmond, to 
Washington. New York was actually 
threatened by a famine in milk. Only 
400,000 quarts of a daily normal supply 
of 2,000,000 quarts were delivered by 
the distressed railroads. Sixteen persons 
met death as a result of the storm. 
March 2 Texas celebrated its Inde¬ 
pendence Day, and at Galveston, Broad¬ 
way, Galveston’s new street, was form¬ 
ally opened by 4110 Board of City Com¬ 
missioners, which closed the celebration 
of that event with the world’s largest 
tango party. Broadway, which is 800 
feet wide and 2 % miles long, was used 
for the dancing floor, the music being 
supplied by 15 military bands borrowed 
from the regimental detachments of the 
United States army mobilized there. 
A modification of an act known as the 
“bar and bottle” bill, which forbids the 
sale of liquor in bottles over a bar, was 
urged by several liquor associations be¬ 
fore a legislative committee at Boston, 
March 2, on the ground that the orig¬ 
inal measure, passed three years ago, 
had proved a failure. It was asserted 
that drunkenness had increased since the 
bill was passed. The liquor interests 
asked that the law be modified so that 
each city and town might decide whether 
such a measure was necessary. Any re¬ 
vision of the present law was opposed 
by representatives of the Anti-Saloon 
League. 
The Supreme Court refused March 2 
to review the decision of the Federal 
courts at New York holding the Walt¬ 
ham Watch Company could not fix the 
resale prices of watches by retailers. 
The Waltham Watch Company brought 
suit in January, 1913, against Charles 
A. Keene, a New York jeweler, to com¬ 
pel him to sell watches made by the 
company at prices fixed by the Waltham 
concern. The defendant’s attorneys re¬ 
plied that Keene had bought his watches 
in England and was at liberty to sell at 
reduced prices. The United States Cir¬ 
cuit Court of Appeals a"-med, in De¬ 
cember, the decree of Judge Ray in Dis¬ 
trict Court dismissing the suit, and in 
January the case w s taken to the Unit¬ 
ed States Supreme Court. 
Fred Ayer finished first in the Solo¬ 
mon Derby dog race that was run from 
Nome, Alaska, over the snow trail to 
Solomon and return March 2. His time 
for the (54 miles was 6 hours 80 min¬ 
utes 4 seconds. John Johnson, winner 
of last year’s Derby, was a close second 
with his team of Siberian wolves, and 
finished two minutes after Ayer. 
Twenty-five hundred miles by ox wag¬ 
on is the journey that Charles Was- 
mau is undertaking, and which he began 
March 2 at Regina, Sask.. bound to 
Belleville, Ill., where he will attend a 
centenary celebration next September. 
With the idea of surprising his many 
friends and relatives back home, Was- 
man has bought a team of oxen, together 
with a prairie schooner on sleighs. He 
expects to make not more than 12 miles 
a day for the first few weeks, but after 
the oxen have become seasoned he plans 
to travel 20 miles a day, in order to 
reach Belleville on September 8. Was- 
man is a Saskatchewan homesteader. 
Attorney-General Carmody of New 
York filed suit in the Supreme Court 
March 8 against the Mutual Profit Real¬ 
ty Company of New York to revoke the 
company’s charter and for the appoint¬ 
ment of a receiver to liquidate the com¬ 
pany’s business. The suit is a direct 
result of the recent decision of the 
Appellate Division that many real es¬ 
tate concerns which sell profit-sharing 
bonds or certificates to investors and use 
the money realized on the securities to 
speculate in real estate are doing a 
banking business in violation of the law. 
In October last the company was denied 
a renewal of its license to do business 
in Connecticut, where it had sold $700.- 
THE RURAL NEW-YORKER 
000’of bonds. The Connecticut Building 
and Loan Commissioner declined to state 
the grounds on which he has refused to 
renew the company’s license. An ac¬ 
tion was begun, but there has been no 
decision. The Mutual Profit Realty 
Company’s last report, dated June, 1913, 
represented that it owned real estate 
worth $075,750, of which $590,500 is in 
vacant property, $320,000 is in vacant 
improved real estate, and $59,250 in 
improved real estate and buildings. The 
company owns only one parcel in Man¬ 
hattan, a vacant lot appraised at $50,000. 
Some idea of the enormous profits 
made by the Sterling Debenture Corpo¬ 
ration through the sale of the alleged 
worthless stock of the Oxford Linen 
Mills, Inc., of Brookfield, Mass., was 
given in the United States District 
Court March 4 during the trial in this 
city before Judge Anderafm of the eight 
men indicted with the Sterling Deben¬ 
ture Company for using the mails to 
defraud in the sale of the Oxford stock. 
According to a copy of the contract be¬ 
tween the two companies, introduced by 
Assistant United States Attorney Ken¬ 
neth M. Spence, the Sterling people 
agreed to take over the entire 200.000 
shares of Oxford stock at prices ranging 
from $2.50 per share to $10 a share. 
An aggressive selling campaign, in which 
alluring circulars played a prominent 
part, enabled the Sterling company, ac¬ 
cording to Mr. Spence, to dispose of the 
same stock at from $12 to $15 per share. 
John F. Linton, president of the Man¬ 
hattan Mutual Realty Company and 
other concerns, of New York, who prom¬ 
ised a 42.200 per cent return on his $1 
a week “Home Coupons,” was convicted 
March 4 of petty larceny before Justices 
Forker, Moss and Fleming, in Special 
Sessions, at St. George, Staten Island. 
The charge arose out of his “Home Cou¬ 
pons.” On five of them he had collected 
$195 from Robert Shields, on the under¬ 
standing that when Shields had paid 
$100 he could choose a lot wherever he 
would, and the Manhattan Mutual would 
build him a $3,500 or $4,000 house. 
Linton was paroled in the custody of 
his attorney to be brought up for sen¬ 
tence on March 25. Linton’s scheme was 
of the “snowball” variety. At the time 
of his indictment last year, it was said 
that about six hundred of the “home” 
contracts had been entered into. Under 
the “endless chain” system each of these 
contracts would bring in $8,420, and 
Linton would have had 5,052,000 persons 
paying him $1 a week, and would have 
needed a capital of about $10,000,000,- 
000 at least to erect the houses he had 
undertaken to build. It was shown that 
he owned then no real estate and had 
about $100 in the bank. 
PARCEL PORT CHANGER.—Efforts 
of both Democratic and Republican mem¬ 
bers of the Postoffice Committee to safe¬ 
guard the postal service from the de¬ 
moralization which is said to threaten it 
as a result of the increase of the weight 
limit of parcel post packages were de¬ 
feated by the Senate Feb. 27. The com¬ 
mittee amendment limiting the weight of 
packages which may be carried by par¬ 
cel post to 50 pounds wa rejected by a 
vote of 33 to 24. A similar amendment 
providing that no part of the funds ap¬ 
propriated should be used for carrying 
packages above 50 pounds in weight, 
which was tlesigned to escape the parlia¬ 
mentary pitfall of a point of order, was 
rejected by a vote of 28 to 27. The 
fight then narrowed down to an amend¬ 
ment to limit the weight of packages 
that* may be carried on star or rural 
delivery routes to 50 pounds, but this 
failed by a vote of 18 to 31. 
FARM LOANS IN NEW YORK.— 
Facilities for financing small farmers are 
sought to be provided in two bills intro¬ 
duced by Senator Murtaugh. of Elmira, 
March 2, following the reading of Gov¬ 
ernor Glynn’s mes^ ge on rural credits. 
One follows the recommendation in the 
Van Tuyl Banking Commission report 
and the other the plan mapped out by 
the Governor’s advisers. The second bill, 
which includes all the provisions of the 
Van Tuyl measure, calls for the incor¬ 
poration of land banks, capitalized at 
not less than $1,000,000 each. The banks 
are to raise mo y by tl e issuance of 
bonds on first mortgages on agricultural 
land not to exceed 00 per cent, of the 
value of the land. The amount of bonds 
which can be issued is limited to twenty 
times the capita'ization of the banks. 
A system of yearly payments on the 
principal, in addition to the interest, 
which will more than satisfy the mort¬ 
gage, is provided. Governor Glynn ap¬ 
proved a system of amortization loans, 
which would be issued by a large central 
bank. The Governor would have the 
central ba- issue debentures, to be 
secured by mortgages placed by savings 
and loan associations, acting as feeders 
for a central bank. Existing associa¬ 
tions, as well as those to be organized 
among farmers, would be stockholders in 
the central bank. Members of all these 
associations would be allowed the priv¬ 
ilege of borrowing money on the long¬ 
time amortization plan. 
Stranger : “Did a pedestrian pass this 
way a few minutes ago?” The Hired 
Man: “No, sor. I’ve been right outer 
this tater patch mor’n a uower, and Hot¬ 
ter blamed thing has passed, ’eept one 
solitary man, ’an he was trampin’ ’erlong 
on foot. —Credit Lost. 
A 
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TOOL CO.. Vineland. N. J. 
Poultry Netting 
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EXCELSIOR WIRE MFG. 
CO., 5 Cortland! St., N.Y. 
Printing for Poultrymen 
line for Poultrymen. Our special offer, 100 bond Let¬ 
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The Rural New-Yorker, 
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Economy 
King 
Cream 
Separator 
Our sanitary loose disc 
bowl has no slots, crooked 
tubes or inaccessible corners. 
The supply tanks are seamless 
and of our improved no-splash 
pattern. Every part of the 
bowl and supply tank and the 
covers coming into contact 
with milk are highly polished 
and tinned and retinned with 
the best pure block tin. 
An ingeniously designed dirt 
collecting chamber in the bowl 
cleans and purities the milk. 
These and many other ad¬ 
vantages of Economy Cream 
Separators are fully explained 
on pages 1225 to 1237 of our 
new big General Catalog. If 
you would like additional facts, 
we have— 
T HE new Economy King 
Cream Separator is its own 
best salesman. Let us send 
you one on ten weeks’ trial. Test 
it with old milk, cold milk and 
milk from stripper cows as well 
as on fresh warm milk. Try 
the Economy King alongside of 
any other separator, regardless 
of name, make or price—compare 
them for closeness of skimming, 
ease of running, quick and 
thorough cleaning and in other 
essential requirements. 
If the Economy 
King isn’t supe¬ 
rior to others—if 
a ten weeks’ test 
don’t prove it to 
be satisfactory in 
every way, send it 
back; we will re¬ 
turn your mon¬ 
ey, together with 
transportation 
charges you paid. 
Prices: 250-lb. 
capacity, $28.95; 375-lb. capacity, 
$36.75; 600-lb. capacity, $44.90; 
800-lb. capacity, $49.80. 
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It not only illustrates and describes our complete line of 
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If you would like to have this Separator Catalog, which 
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Sears, Roebuck and Co., Chicago 
■I K 3S3BSE 
