1930 
The RURAL NEW-YORKER 
December 25, 1920 
PUBLISHER’S DESK 
All letters to Publisher’s Desk depart¬ 
ment must be signed with writer's full 
name and address given. Many inquiries 
are answered by mail instead of printing 
inquiry and answer, hence unsigned let¬ 
ters receive no consideration. 
Publisher’s Desk has been in direct 
correspondence with a large number of 
its readers during the present year. Our 
efforts have not always been successful 
in your behalf, but the appreciation from 
readers has been unstinted. We have 
shared many sorrows and disappoint¬ 
ments with readers which we were unable 
to alleviate, but rejoiced with them in 
others where justice was finally done. 
We have enjoyed the work, and we hope 
many have benefited by it who have not 
put their gratitude on paper. The date 
of this issue falling on Christmas Day, 
at which time it will reach subscribers, 
it is particularly appropriate to express 
the sincere sentiments of the editor of 
Publisher’s Desk and staff in wishing 
each individual reader a very happy 
Christmas season. 
In the October 30 issue the National 
Poultrymen’s Oil Company. Kansas City, 
was referred to in these columns. Rus¬ 
sell F. Palmer, the promoter of the oil 
concern, in the literature made it appear 
that Prof. Thos. E. Quisenberry was a 
trustee and interested in the enterprise. 
Prof. Quisenberry is entitled to a hearing 
in the matter. Here is his statement, 
from which it would seem that the pro¬ 
moter has little regard as to how he uses 
the names of his friends: 
Mr. Palmer resigned from the poultry 
school a week previous to the American 
Poultry Association convention. He has 
not been associated with us since that 
date. Two or three weeks_ following that 
he was persuaded by a Kansas City oil 
man to attempt to organize a poultry- 
men’s oil company. I know nothing about 
their proposition, have not seen any of 
their letters, and I am in no way con¬ 
nected with the deal and never have been. 
I knew a little about some of the leases 
that were included in his proposition, and 
he came to me to know if I would buy a 
small interest in it if lie went ahead with 
the deal. I have a small investment .'ii 
two or three other oil concerns, some of 
which pay ia little and some which do not. 
I have not seen Mr. Palmer from that day 
to this and do not know what he has done. 
He has not since offered me any .stock or 
interest in his proposition and he has no 
authority to use my name in any manner, 
shape or form in connection with his oil 
company. 
You have exposed many rubber com¬ 
pany fakers in the past. Would you tell 
me whether once in a while there is an 
honest company formed? The enclosed cir¬ 
cular is of a new company formed in a 
city only one hour’s auto ride from our 
home town of Monticello, N._ Y.. and 
everyone is much interested in it. Every 
share of preferred stock at $100 draws 
one share of common stock. All stock¬ 
holders buy their auto tires 25 per cent 
under wholesale prices. They expect to 
have the machinery installed and plant 
in working order by the first of February, 
when they stop giving out the common 
stock with the preferred stock. I hate to 
be a doubter of others’ honesty, but at 
the same time T don't want someone else 
to pocket $1,000 of my money and I get 
nothing but experience out of the con¬ 
tract. I read your paper whenever I have 
a spare moment and get lots of good and 
useful information out of it. a. d. b. 
New York. 
The Middletown Rubber Company 
seems to be just another combination of 
ambitious men who are anxious to manu¬ 
facture automobile tires, if the public will 
put up the money for them. Selling stock 
seems to have engaged the attention of 
the officials up to date, and from all re¬ 
ports the business men of Middletown do 
not anticipate that the company is likely 
to advance beyond the stock selling stage. 
With the market already overstocked with 
automobile tires and many of the fac¬ 
tories of the leaders in the field practical¬ 
ly closed down, we can conceive of no 
greater hazard than putting money into 
the stock of a new concern endeavoring 
to get a foothold in the field. 
Could you give me any information 
about Central Copper of Arizona, Inc.? 
About two months ago we were per¬ 
suaded to buy 167 shares at $100. pay¬ 
able monthly, $10 each month. My husband 
and myself bought $100 worth each. 
Would you give us your opinion, what 
you think of it? We are very much 
pleased with your paper and enjoy it so 
much. We think it is a good guide, and 
perhaps you may be able to advise us. 
New Jersey. a. h. f. 
Stock of the Central Copper Company 
cannot be regarded as other than an 
ordinary mining gamble, which does not 
look attractive. The company was re¬ 
cently organized for the purpose of de¬ 
veloping certain copper properties con¬ 
taining about 521 acres in the Dos 
Cabezos district of Arizona. The com¬ 
pany was given a heavy capitalization of 
$10,000,000 in shares of a par value of 
50 cents, and as no detailed information 
has been furnished it is not yet apparent 
what the company can accomplish in the 
way of earning power. In view of the 
fact that the mining business has become 
most unsatisfactory in recent months, 
and as this company appears to be mainly 
a development proposition, we do not 
think that one would be justified in tak¬ 
ing a very optimistic view of the future 
of this company and, under the circum¬ 
stances, the information thus far made 
public would not warrant one consider¬ 
ing the purchase of a speculative mining 
stock of this type. 
We have been looking over back num 
hers of The R. N.-Y. to see whether any 
of our friends had anything to say of the 
I.eRoy Sargent C’o.. 9 East 40th St.. New 
York. They have agents around this 
locality trying to sell shares in the stock 
of the Metropolitan Credit Company. 
Some of our young farm boys who are 
working away from home and putting 
money in the bank have been urged to 
buy this stock, and some of them have 
done so. As I have a personal interest 
in these boys I advised them to keep 
their money in the banks. Am I right or 
not? As I understand it. the Sargent 
Company receives the money and turns it 
over to the Metropolitan Credit Company. 
The shares are $125 apiece and the buyer 
signs a contract to pay a certain amount, 
either down or in installments, w. G. F. 
Connecticut. 
LeRoy Sargent & Co. promoted the 
stock of the Commonwealth Finance Cor¬ 
poration of New York in the same way 
some years back, until the officials of the 
company withdrew from the arrangement. 
If those who purchased the Common¬ 
wealth stock were to cash in on the in¬ 
vestment now it would be at a substan¬ 
tial loss. In-the meantime there have 
been many similar concerns organized, 
and where all of them are going to find 
business enough to pay dividends on the 
millions upon millions of capitalization 
is more than we can understand. This 
class of investments must be considered 
as a speculation with a prospect of paying 
dividends in the future. 
Justice Cohalan of the Supreme Court 
has appointed Lawrence M. D. McGuire 
and James E. Landry temporary receiv¬ 
ers of the assets in this city of the Com¬ 
monwealth Finance Corporation, a South 
Dakota corporation, to protect the assets 
in the State of New York. The receivers 
are required to give a bond of $100.000.— 
Daily Paper. 
The Commonwealth Finance is one of 
the institutions organized to finance the 
purchases of automobiles, trucks, etc. We 
believe it was one of the first. LeRoy 
Sargent & Co., stock brokers, originally 
sold the stock of the corporation. In the 
meantime many similar corporations have 
come into existence, or, it might be said, 
springing up over night like the prover¬ 
bial mushroom, with millions upon mil¬ 
lions of capital stock mounting to the 
skies. II. 1*. Greene & C’o., Boston, has 
promoted several such institutions. In¬ 
variably the stocks of these financial in¬ 
stitutions are sold to country people 
through the means of an army of stock 
salesmen. Both by private letter and in 
Publisher’s Desk we have advised against 
this class of speculation. It is only spec¬ 
ulative (or worse) propositions that are 
sold in this way, so that the advice never 
to invest in stocks peddled around coun¬ 
try districts by salesmen is a safe policy 
to follow. Sound securities of standard 
value are not as a rule sold in this way. 
Ox Johnny’s first day at school he was 
given a registration card on which his 
mother was to write his birth record. The 
following day he arrived without the reg¬ 
istration slip. “Johnny,” said the teacher, 
“you must bring an excuse for being tar¬ 
dy and don’t forget the slip about when 
you were born.” All out. of breath the 
next day Johnny rushed in, holding a 
note fn»m his mother. “Teacher,” lie 
gasped, “I brought the excuse for being 
tardy, but I forgot the one for being 
born.”—Credit Lost. 
How Does 
Your Dairy Score? 
D OES your dairy get a score to be 
proud of when the inspector calls at 
your farm? Do you get those extra 
profits awarded for strictly sanitary milk? 
You can get them if your barn is built 
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clean, wholesome milk in Natco Dairy Barn* 
and Milk Houses. 
Natco buildings are economical. Once up. 
they stand for generations, never needing paint 
and seldom any repairs. First cost is last cost. 
Ask your building supply dealer to figure with you on 
buildings of Natco Hollow Tile. Write us for free book 
of suggestions, n Natco on the Farm." 
National Fire Proofing Company 
1116 Fulton Building 
Pittsburgh, Pa. 
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See Page 1924 
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