738 
Oic RURAL NEW-YORKER 
May 25, 19x8 
PUBLISHER’S DESK 
I have been shipping eggs and butter to 
Spolter Bros., 30 Jay St., New York, and 
alway.s received pay, but March 27, lOlS, 
check was returned, account closed, and a 
shipment of eggs was not delivered. The 
check was for $12.49 and protest fees 
$1.40, making $13.89. Check was on 
State Bank, Clinton Branch, 158 Riving- 
ton St., New York. Could you^ give me 
any information in regard to this party? 
Check was individual check of I. C. 
Spolter. Is there not a law which makes 
a commission merchant give bond before 
he can do business, and could you help me 
collect this? O. C. 
New York. 
Can you give me any information about 
Spolter Bros, of 134 Columbia St., com¬ 
mission merchants or wholesale dealers in 
butter, eggs and poultry? They have three 
ca.ses of eggs from me unpaid for—^ship¬ 
ments of March 28 and 29 and April 1. 
I shipped another April 4, and Adams 
Express Co. of 11 Wooster St. telegraphed 
me that they had gone out of business 
and asking what to do with the eggs. 
Spolter Bros, have recently changed their 
addre.ss from 30 Jay Street to 134 Colum¬ 
bia Street, New York. c. R. 1). 
New York. 
Spolter Bros, were not a commission 
house. Their literature and account sales 
represent the firm as receivers and whole¬ 
sale dealers in butter, cheese, eggs, etc. 
Previous to the enactment of the commis¬ 
sion. Lc.:., requiring commisison merchants 
to file a bond with the State Agricultural 
Department, there were few concerns so¬ 
liciting shipments of farm produce on any 
other basis than as commission merchants. 
In order to avoid the requirements of the 
law, certain commission houses have since 
represented themselves not as commission 
men, but “dealers.” These so-called “re¬ 
ceivers and dealers” are subject to no 
State supervision and can take the farm¬ 
er’s goods and pay just as little or much 
a.s they choose for it and avoid leaving 
themselves liable for criminal prosecution. 
We have many times advised our people 
against shipping to these dealer.^ and 
wholesalers who usually make capital out 
of not charging a commission. There is 
no question but their net returns afford 
them a greater jirofit than a legitimate 
commission on the sales. Our reports 
would indicate that Spolter Bros, delib¬ 
erately planned the failure, having drawn 
checks for large amounts to relatives just 
previous to the failure. If these facts 
can be established in court they will no 
doubt furnish grounds for criminal prose¬ 
cution. The experience of the above ship¬ 
pers clearly shows the danger and risk in 
shipping produce to houses of this kind 
representing themselves as wholesale deal¬ 
ers. If Spolter Bros, were a commisaion 
house their bond would furnish some 
measure of redress at least to the ship¬ 
pers. 
In February 23 issue of The Rurai. 
New-Y'^orker we published a letter from 
“Mrs. W. H. J.” of Md., complaining 
regarding a transaction with Mr. V. K. 
Frey of Eagle Hatchery, York, Pa. The 
letter mentioned the fact that Mr. Frey’s 
advertisement appeared in the “Baltimore 
Sun.” V. K. Frej' ia an old offender in 
the poultry business, and in our comments 
we referred to the fact that his advertising 
had been refused by The Rural Nkw- 
Y^orker and our people warned about his 
methods. We since learn that through 
the efforts of the “Baltimore Sun” Mr. 
Frey was induced to make full adjustment 
with the subscriber. The inference from 
our comments might lend the pril)lie to be¬ 
lieve that the “Baltimore 8un” is among 
the class of daily publications that has no 
concern for the intereats of their readers 
and willing to carry the advertising of 
crooked poultrymen. The record in this 
case shows that the advertisement of 
V. K. Frey was inserted thi'ough an over¬ 
sight, and it appears that the “Baltimore 
Sun” is among the daily papers which do 
censor the advertiaing submitted very 
closely and does not intentionally accept 
advertisements of any but honorable and 
straightforward people. 
I w’ould like some information regarding 
the Industrial Securities Company, Mar¬ 
quette Bldg., Chicago, Ill. They are de¬ 
veloping the financial part of the Perfec¬ 
tion Tire and Rubber Co., which has 
plants located in Canada and Fort Mad¬ 
ison, Iowa, and are Sponsors for the Amer¬ 
ican Mineral Production Co., Karamoid 
Mfg. Co. and Curtis Bros. Handle Co. 
I would like to know something, or rather, 
all I can find out in regard to the Securi¬ 
ties Oo. as a safe investment. Knowing 
that The Rttral New-Yorker has given 
much reliable advice along this line to its 
subscribers, I deemed it advisable to in¬ 
quire from yon concerning the aforesaid 
company. Any advice in regard to this 
would be greatly appreciated, as I am not 
well versed in stocks. i.. s. s. 
New York. 
The maze of stock promotions attrib¬ 
uted to the Industrial .Securities Co., Chi¬ 
cago, by the above correspondent can 
hardly be duplicated outside of the high 
financial operations of E. G. Lewis during 
his career in St. Louis. The consolidation 
and juggling of stock in the various con¬ 
cerns related in the above letter is suffi¬ 
cient in itself to cause any con.'tervative 
investor to avoid all picoositions which 
these people are promoting. The war 
conditions furnish a plausible excuse for 
the failure of plans of promoters of this 
sort—sometimes the excuse is a legiti¬ 
mate one, while in other cases it is used 
to cover up wdiat never intended to be 
anything more than a get-rich-quick 
scheme. 
We recall that Wm. T. I.ove, who be¬ 
fore the Illinois blue sky law interfered 
with his operations, promised to make 
everyone rich through investments in 
the town of Lomax, Ill., used the locating 
of the Curtis Bros. Handle Co. in I.omax 
as one of his strong cards to inducing 
the unwary to send him money. It now 
appears that the concern under the tutel¬ 
age of the Industrial Securities Co. will 
move to Ft. Madison, Iowa. The capital 
Stock has been increased to $1,000,000. and 
the literature represents the “Corporation 
in Process of Organization.” There is 
usually risk enough in connection with in¬ 
vestments in the stocks of established and 
pro.sperous enterprises—it is, therefore, 
difficult to sufficiently emphasize the un¬ 
wisdom of parting with one’s savings on 
such speculative ventures as those de¬ 
scribed by the above correspondent. 
A friend of mine was just on the iioint 
of sending money to W. Hillyer Ragsdale, 
East Orange, N. .7., P. O. Box 33G. It 
was my friend’s understanding that he 
was to be taught the candy manufacturing 
business by mail, and it was with this 
understanding that he was to forward the 
money. He asked m.v advice in the matter 
and asked me to look up the financial rat¬ 
ing of Mr. Ragsdale. I have not done this 
but if you will kindly state your opinion 
of the matter through the Publisher’s 
Desk the information will reach my 
friend and it will be very much appre¬ 
ciated. L. A. K. 
Connecticut. 
We should say that the i^resient is a 
most unfavorable time to enter the candy 
business with the idea of getting rich. 
Candy is a “non-essential,” and the Gov¬ 
ernment is limiting the amount of sugar 
to be used in the industry. This is with¬ 
out regard to the feasibility of learning 
the candy busine.ss by the correspondence 
course route. The question always arises 
why these people who want to make others 
rich through a correspondence course do 
not take their own medicine and acquire 
a fortune themselves in the business they 
profess to teach instead of selling their 
“dope” to others. 
I am writing this letter to call your 
attention to the inclosed advertisement of 
Chad win Tire & Rubber Co., 3777 Broad¬ 
way, New Y'ork. They are sending out 
old tires I’ecovered. I know, as a man 
brought one of their tires to me the other 
day to see what I thought of it. I never 
told him what I thought of it, as he had 
i-emarked how much cheaper he could buy 
them than other tireS. I thought he would 
find out after he used it what he had 
got. I could tell it was an old tire, re¬ 
covered b.v running one hand along inside 
of it and the other hand along on the 
outside. I could feel the uneven thick¬ 
ness in the tire. I have handled and re¬ 
paired tires 10 or 12 years, and can tell 
pretty well by the looks of the fabric in¬ 
side and the feeling of the rubber what 
a tire is. The Chadwin Tire & Rubber 
Co. have thin rubbers put right over the 
old rubber and canvas by the uneven 
thickness of the tire I examined. That 
•4,000-mile guarantee is what catches 
people. F. II. w. 
Connecticut. 
The above letter from an apparently 
experienced tire man should prove valu¬ 
able to tire buyers. What he says is 
typical of the “Tire Gyp” concern. We 
have warned our people so repeatedly 
about the “Gyps” in the automobile tire 
business that we feel no reader has any 
excuse for getting caught on worthless 
tire.?. In fact, we feel sure our older 
readers are wise to the game, and these 
repetitious are aimed at the newcomers to 
our subscription list. 
Build a Silo 
Stop wasting 40 per 
cent of the corn crop. 
Make green pastures 
last through the winter. 
A silo is a crop sav^- 
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that you will own, and 
pay the profits from to 
yourself. Many silos 
have paid, for them¬ 
selves in one season. 
After that they return 
100 per cent profit 
yearly. 
Build a Concrete 
Silo 
■—because concrete is rot- 
proof, ratproof, windproof, 
fireproof, permanent 
Write for Bulletins Nos. 55 and 56. They are free 
for the asking. 
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before you buy write for 
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BOOKS on all subjects of farming by leading 
authorities are for sale by The Rural New- 
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F’OR-E.N/E.R.’VkSE.RV'ICeK# 
/UI kinds of stock require plenty of fresh, pure water. 
Xot us help you plan, without charge, an effective 
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■iSb BRANCHES; 
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Pyramid 
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