1046 
THE KH'.iAL NEW-YORKER 
August 21, 1913. 
PUBLISHER’S DESK 
1 would like to speak of the efficiency 
of your Subscribers’ Exchange advertise¬ 
ments. I put in an advertisement for 
one issue to get a situation on a farm, 
and 1 received nine answers from several 
States, all of them good offers, but the 
place I have taken is just what I want¬ 
ed exactly, and I am very much obliged 
to The R. N.-Y. for getting it for me. 
New York. ii. x>. F. 
The Subscribers’ Exchange department 
referred to as established exclusively for 
the benefit of our subscribers who desire 
to secure positions, obtain help, sell or 
buy farms or to advertise any other or¬ 
dinary farm product. The advertising 
of any farm product which comes under 
the heading of commercial lines is not 
accepted for this department, and is ac¬ 
cepted only for our regular advertising 
columns. The experience of II. B. F. 
would indicate that many more of our 
subscribers might make use of th’s de¬ 
partment with satisfaction and profit. 
Please find enclosed letters I received 
from the Finance Corporation, Washing¬ 
ton. D. C., which explain themselves. 
Kindly give me your opinion of this en¬ 
terprise. P. B. V. S. 
New York. 
From the number of inquiries we have 
received regarding this proposition it is 
evident that farming communities are be¬ 
ing flooded with this literature. The 
first letter states that “000 persons are 
being invited to participate in the Ameri¬ 
can Potash Co., which has become as im¬ 
portant in its line as the Standard Oil 
Co., in its line.” The second letter en¬ 
closed a booklet which is a prospectus of 
the American Potash Co., of Washington, 
I). C. Of course the farmers who have 
received this literature should consider it 
a distinct honor that they have been se¬ 
lected as one of the 000 to participate in 
the ownership of this company, which 
proposes to extract potash from feldspar 
rock and the usual promoters’ inducements 
of marvelous profits are dilated upon. 
The American Potash Co. appears to be 
only in a formative state and it doesn’t 
appear that the promoters even have an 
option on a patented process of extract¬ 
ing the potash from the rock. For the 
sake of argument we will assume that the 
promoters of this concern are sincere in 
promoting this new American enterprise 
and really contemplate taking over the 
patents for securing potash from feld¬ 
spar rock and erecting a plant and in¬ 
stalling machinery to carry on the en¬ 
terprise. If a plant to extract potash in 
any considerable quantity can be erected 
and put in operation within two years, 
it would be very quick work. In the 
meantime it is quite probable that the 
European conflict will come to a crisis 
and some arrangement will be made by 
which this country will be able to re¬ 
ceive a supply of potash again from the 
German mines. In normal times the 
price of potash ranged from $30 to $42 
per ton and at the best the price of 
extracting potash from rock is very ex¬ 
pensive, and no potash secured in this 
way could compete with the normal Ger¬ 
man prices. At the close of the war, 
»nd in view of . the expensive process of 
extracting potash from rock, the pro¬ 
posed American Potash Go. plant would 
be valuable only as junk. 
The best information we could get on 
the American Finance Corporation shows 
it to be incorporated in the State of Dela¬ 
ware during the latter part of 1914. The 
President, Robert B. Tuttle, seems to be 
the moving spirit in this corporation and 
in promoting the American Potash Co. 
Most of his business life has been con¬ 
nected with the insurance and brokerage 
business. Some time ago he is said to 
have organized the Highland Mutual 
Fire Insurance Co. of Newburgh which 
failed in about one year and a half. In 
connection with this failure Mr. Tuttle 
claims to have been the victim of cir¬ 
cumstances. More recently he was con- 
neeted with promotion concerns that were 
investigated by Congress because of in¬ 
terlocking directorates. There is grave 
doubt in the minds of practical men as to 
whether potash can ever be extracted 
from rock in sufficient quantities and 
without too great an expense to make it 
profitable for agricultural use. Regard¬ 
less of this, however, the literature which 
has come into our hands from farmers 
bears every earmark of a “get rich quick” 
promotion scheme. The farmers are asked 
to send $500 for five shares of stock of 
this American Potash Co. to be delivered 
when the company is formed. In the 
meantime he is to receive an “interim 
certificate.” This is the first promotion 
scheme we have heard of issuing interim 
receipts since this form of receipt was 
made famous by the St. Loirs promoter, 
E. G. Lewis. St. Louis. Mo., who re¬ 
lieved the public of around $10,000,000 
of their savings. If the American Pot¬ 
ash Co. had any prospects of successfully 
extracting potash from feldspar in a com¬ 
mercial way and of the enormous profits 
which tl: y figure out in their booklet, 
the promoters would have no difficulty in 
securing capital, and in appealing to 
farmers in this way, we can only con¬ 
clude that they figure there are still a 
good supply of “suckers” in rural com¬ 
munities. 
Can you give me any information as 
to the approximate value of lots in 
Brookhaven County, Suffolk, N. Y., part 
of the Eastport Land and Improvement 
Company? Is there any demand for lots 
in this section? f. n. g. 
New York. 
A correspondent in the vicinity re¬ 
ports this property must be some three 
miles from the railroad, with no devel¬ 
opment of cultivated lands or buildings 
near them. The timber and brush have 
been cut out and street lines marked, 
and in some cases the streets plowed up. 
Stakes and signs have been placed offer¬ 
ing the lots at prices 25 to 30 times what 
they paid for the acreage. There seems 
to be no possibility of an advance in 
value, and there is little chance for a 
man to make a living in the near vicin¬ 
ity. There is no manufacturing and only 
precarious employment by the day. lie; 
states that he regards the whole scheme 
as a swindle and would not advise any 
man to take a lot as a gift and pay the 
taxes on it. 
Nov. 20, 1914, I purchased through an 
agent. E. IV. Drake, of the Tippecanoe 
Securities Co., Scranton, Pa., South one- 
half of Lot 44, Block 11, Section 20, 
Volusia Co., Fla., consisting of five acres. 
The contract specified that this land 
should be delivered to me for a payment 
of the sum of $300. This 1 paid and 
hold the receipt for. The Tippecanoe 
Securities Co. agreed to fence the land 
on the exterior boundaries, clear and 
drain same and have one acre ready for 
cultivation on Dec. 10, 1914, and the bal¬ 
ance on January 5th, 1915. The Tippe¬ 
canoe Securities Co. failed to live up to 
their part of the contract. The land was 
not all cleared and ready for crop when I- 
left on March 15. Therefore, I demand 
refund of the $300 paid together with the 
damages through loss of time and loss of 
a crop by the failure of the company to 
clear the land as per agreement. 
Florida. a. mc’ii. I 
This seems to be just another ordin¬ 
ary Florida land scheme. A. McII. form¬ 
erly lived in Rhode Island and the agent 
of this land company, E. W. Drake, also 
resided in that State at the time and 
advertised the advantages of these lands 
owned by the Tippecanoe Securities Co. 
of Scranton, Pa. The price of the land 
was $150 per acre. The initial payment 
of $300 was made and the company took 
a mortgage for the balance. We have 
taken this case up with the Tippecanoe 
Securities Co. in behalf of the subscriber 
and the agent, Mr. Drake, called on us 
during the Spring in reference to the 
complaint. The agent admitted that the 
land was not cleared and ready for the 
subscriber to plant the 1915 crop as 
agreed and alleged that he was going to 
make an effort to take the land off the 
subscriber’s hands and refund the money 
he had paid. This was several months 
ago. The daily press now reports that 
the Dupont Railway Land Company, of 
Dupont, Fla., was placed in receivership 
hands on August 10 in the Federal Court 
of Florida. The land company was con¬ 
trolled by the Tippecanoe Securities Co. 
which it is reported has also applied for 
receivership. This would seem to be a 
beginning of the end of the whole chain 
of investment schemes promoted by T. 
.T. Foster of Scranton, I’a., and his asso¬ 
ciates. In the meantime the subscriber 
has returned to his previous occupation 
in Rhode Island minus the small savings 
he had accumulated, but rich in exper¬ 
ience with Florida land schemes. It ap¬ 
pears that T. J. Foster of the Interna¬ 
tional Correspondence Schools fame also 
had a finger in this Florida land promo¬ 
tion pie. We are reliably informed that 
while some of the land in this promotion 
scheme is fairly fertile, more of it is ab¬ 
solutely worthless for agricultural pur¬ 
poses and much of it is so low that it is’ 
likely to be flooded and any crops grow¬ 
ing on it destroyed during the season. 
Some seasons the land escapes the over¬ 
flow, but another purchaser returning to 
the North reported a short time ago that 
his crop was entirely ruined and the na¬ 
tives testify that this happens frequently 
during the growing season. While we 
are unable to get any redress in the way 
of damages for subscriber through the de¬ 
ception and failure of the company to 
faithfully carry out their contract with 
him, we hope this experience may save 
some one else from falling into tlm 
clutches of these Scranton promoters and 
their agent E. W. Drake, whose present 
address is Baltimore. Md. 
ON ENGINES. 
SEPARATORS AND 
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_ I- c l» [r il l-iEEi ; .r.TTt«rajamininit y 
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Itun '’- 1 - * * - 
Damage from Highway. 
I bought a farm on the north side of 
Steuben County, after the right of way 
had been sold for State highway describe 1 
as “Route 15,” Section 5th of which is 
a large fill composed of sand entirely. 
Dimensions are 152 feet base. 42 feet top 
and 54 feet high. Just south of this fill is 
;i cut of about same dimensions reversed, 
where they uncovered two large springs. 
The fill hi\; caved mat washed sand on to 
my land two and three rods wide on east 
side and on west side directly through 
a seven acre lot. I have written the 
State Commission of Highways, ITornell, 
X. Y.. but iis yet have received no answer. 
Who shall I apply to for aid ? mrs. c. p. 
New York. 
Inquire first just what rights your pre¬ 
decessor disposed of to the State. Because 
the State acquired the road bed for a 
State road it does not follow that it has 
a right to maintain a nuisance and 
cover your land with sand. If this 
is liable to continue it would seem 
to be a nuisance, and you should take 
the matter up with the town superinten¬ 
dent. The towns tire responsible for the 
negligent care of the road and for dam¬ 
age resulting from a change of grade of 
town highways and you should take it 
up with the town authorities first Do 
this in as tactful a way as may be possi¬ 
ble, because to enforce your rights against 
opposition may necessitate legal proceed¬ 
ings, which are costly. 
(T, Hundreds of 
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[ 5 ] : 
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