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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (July 2, 1911)
, wMwk. fr-ftK-A jt -vjVk PAGE SEC arEDEOttD MAIL TRIBUNE, MEDFORT), OREGON,) SXJmU'Yt.,TTJLT 2, lO.lf. "1 & i FRENZIED FINANCE OF E. G. LEWIS Medford Victims Receive Lettci , From Attorney Giving Full Accoun of Transactions of St. Louis Pro moter Woman's League. ' Mcdford victims of E. 0. Low? Ihe frenzied St. Iannis promoter nm fnthcr of tlio Woinnu's league, nre re floivinJ the following oiroiilar letto' from Cinuil I). Hall, nttorncy, St Jntis. wlio 14 coijilncthij suit in be ,1 hall or tlio creditors, under ante o Juno 20: , . For vour information 1 may stnt tlio bankruptcy proceedings wore filet npninst the Lewis Publishing eompaii on Slay 10 last, and that on tho sam Intern foreclosure suit was 'filed' oi behalf of, ajl the note holders whosi nnic.s wereequrert uy tne oecu o trust executed by the Univeiit Hoiehts Realty & Development com , pnny to the People's Savings Trusl company, trustee, on Juno 4, iOOQ, ox sections l'J. 13 and 14 of the Clem ens estate in survey 378, and belong ing to the University Heights Ileal! & Development company. This mort page deed of trust was to secure $r37,788.00 of notes mortgage deed oi trust the People's Savings Trust eom . pany was tmstee. This foreelosurt suit was brought because innny of these notes were overdue, and the in terest on practically all of them wa overdue for 18 months or over. In'. addition to this, a tax suit was pend ing against the property which would finnjly sell the property out so that ihe'noies would become worthless un less some action were taken to have the property conserved and Uicm taxes paid. The ,so-ealled deed o trust contained many frundutunt pro visions not usual in niortagages oi deeds of trust, by which Ihe Univer sity Heights Realty & Development , company and the People's Saving Trust company could release nnd dis pose of the property without turning the mo;iey over to the holders of the notes as the same was naid in. Pol the many reasons contained in the '3, tyiewrittcn pages of. the, bill uf com jdaint in this vase, the United State circuit court on June 5 entered a de cree appointing a receiver nnd re straining the University Heights Ilea-' ty & Development company and tlu Peo'ple's Savings Trust company frotr. in any manner disposing of any of , the said property or takirif any action; wjiatsocver regarding tne same. E. 0, Lewis bought the property for $114,084, and turned it into tlu University Heights Realty & Devel opment company for $537,788.10 v. handsome profit for Lewis. In addition, to the foregoing, there was filed on the 13th day of June in the United States circuit court, ft suit in equity for the purpose of foreclos ing tlio o-called decjaratiou pf trust on sections 1, 2 and 3 of University Heights, which said declaration ot trust, was to secure notes in the sum of .i!.")00,000, and wffs executed by the University Heights eRalty & Develop ment company to the People's Sav ings Trust company on February 14, 1010. This so-called declaration oj trust was also u very peculiar in strument. mid has many fraudulent provisions by which "it was possible! for tho University Heights Realty k Development company to take advan tage of,k"the holders of the notes se cured by said declaration of trust. When these notes were sold to va rious investors throughout the coun try, it was represented by many ad vertisements in the Woman's Nation al Daily, and in, letters written by E. 0. Lewis and hitf associates that tlu notes would be secured by a first mortgage lien. Most of these noit holders are not yet aware of the fact that they were defrauded, in that 'the said notes when issued, were not a first ien on said sections 1, 2 and 3, but were u second lien; that at the time tho ' staid, declaration of trust was placed oii record, there was a prior deed of trust on all of said property in the sum of $100,000 made by the University Heights Realty & Development company to the Metro politan Life Insurance company on July 20, 1000, and winch said mort gage falls duo on July 20, 1911. It :s understood that there huve been some payments on account of this prior mortgugo of .$400,000. It has been admitted by the University Heights Realty & Dcvelapuient com pany Umt oyer $200,000 of this prop-J any m hucuons j, ,s and . juid cov ered by the declaration of trust has been released and sold, but wo have not ns yet been able to find that any of fiiis money bus been paid to the note holders secured by this declar ation of trust. In this last mention ed suit we hnvo asked that the Met ropolitan Life Insurance company he enjoined from enforcing its first moitgngo lieu until the rights of these noto holders can be protected nnd that these note holders be permitted to redeem what over interest tho Mclrnjwlilnn Life Insurance com pany has by virtue of the first lien. The property involved in this suit, (sections 1, 2 and 3) was bought by E. O. lcvis, by taking the title, from John F. Lee to Lewis straw-man. . P. Coakley, for $100,028 and Lewis then had Coakley execute a deed on the same date to the De velopment company for $27f,000 and 30 days later the Development & Investment company made a deed to Ihe University Heights Realty & Development company for $1,000,000 J another transaction in high fi nance. The taxes on this property nru also in suit and for all of the above reasons wo are confident that tho court will sustain tho prayer of the complainants nnd appoint a re ceiver for sections 1, 2 and 3 for the roecl!on of the note holders. There was a No filed on June 131b in the United States circuit court a general suit by a great many credit ors in behalf of themselves and 'all of lite .other creditors, against E. ' Lewis, E. 0. Lewis, tru-tee. I.owis ,H, Tebbetts and the People's Savings Trust t compjuiy, People's Savings Tnit eomjwiny, trustee, University lleights Realty & Development com pany, Development & Investment, company, United States Fiber Stop per company and all otj Lewis' old associates and all of the new roor companies, on. me grounu.uuu uiey are insolvent and have been .secur ing money from the complainants njid many others by fraudulent means for many years. In this last named suit of all the different plans and schemes of B. 0. Lewis and his associates are exposed and described in detail in a bill of complaint of 131 type written pages. And an accounting is demanded or E. G. Lewis and liN associates for all moneys received by them on the various schemes and of moneys received from members of the American Woman's League. We believe there is no doubt whatever but that the coitrt will sustain the prayer of the complainants in this case, and that thereby the interests of tho various investors in tho var ious concerns may be conserved mid protected. In this last named suit. The reorganized scheme is shown to lien on all cl amies of investors and shall pay themselves oompensatioij, and comiKMisation to their attorneys and agents and nil of this is to no paid out of the moneys and prop cities belonging to the investors, and that all of the creditors must wait for five years, and at the end qf that time agree to accept any pa pur or receipt which the reorganization committee or the controller may o fit to give them, and the reorganisa tion committee or the controller tk)qs not give nny security or bond to in vestors, for all these vast sums of money but on the contrary, the agree ment does not nrovide that the re organization committee or controller shall bo liable for anything We have received many letters from persons Who have deposited their evidences of debt with the Peoples Savings Trust Company iqd who have discovered that their is no protection in said rcorgauixntiun agreement and that they were led iut osnid agreement without knowing that E. 0. Lewis had devised (ljc nlan and scheme, and without know- ink knowing that John 1JL Williams, the controller, is notuullyacting as the attorney m tac.t, and agent ot E. (1., Lewis, To these investors who have been led into tho reorganiza tion scheme and made deposit of gani.ation directors. in which suit jd their .securities, we can say that w receiver is prayed 'for all of said do not believe said scheme is legal " . ' . i . .: i'.i . .. i.r."..h. . .i .. i !i i. ... or limning uikiii litem ana u uiov will send their papers and their de- jository rceeipi to us promptly we will, look after their interests along willi the interests of many others that are now in our hands. In fact many or these jHiople who were mis led ineo this ilcHisitory agreement are complainants in the various cases that are now pending anil make the most bitter complaints in obtaining from them the Inst an douly eviden ences of indeptedness issued by !. G. Lewis and his various concerns. AW are confident that the court that has .charge of these various suits against the Lewis concerns will appoint receivers in all of them, ami that all of the assets of these con cents will be distributed under the orders of court to the investors who have contributed their monies to them. It is too early to .state what RUSHLIGHT M PORTLAJiD MAYOR ti First Official Act Is Appointment of Executive Hoard Which Is Very Favorable to Union Labor Slover to Bo Chief. PORTLAND, Or., July l.A. 0 Rushlight waH today sworn in is mayor of Portland. His first official act was to appoint an executive board. The ftcrsouiUd of Ilia board is vcrv favorable to union labor. It is expected that Captain Slovor will be appointed chief of police. Many appointees of ex'Muyor Simon are expected to go sooli. Indication are that the town will be governed on more liberal lines than hoo pur sued by Simon. Printing of all kinds ut Portland prices. Mail Tribune office. be another fraudulent scheme of Lewis nnd in his interest ly which he seeks to get out of the hands of the people the various evidence of indebtedness new held by them, and without cix'injr to said investors any guarantee pr qny assurance of any kind. It is stated in the last men tioned suit and verified by affidavit, that the said reorganization scheme is tho last scheme devised" by F. G. Lewis for hindering and delaying his Creditors, and that said reorganiza tion agreement provides that said .reorganization committee or John H. Williams, the controller, can dis solve any or all of the said corpora tions or 'take any of them through liankruptcy or receivership proceed ings, but it does not state which of them are to be dissolved, or why any ot tbem should be dissolved. Tbat said agreement demands and re quires a surrender of investors' claims without any valuable con sideration paid or promised to them, nnd that said agreement further provides that ns soon as the Peoples Savings Tmst Company which is sued the thousands of Interim Re ceipts, gets possession of said re ceipts that it may immediately can cel them, or it may surrender any other evidence of indebtedness to any of the other corporations that issued such evidences of indebted ness. The said reorganization agree ment further provides that the tc organization committee shall have a an of these respective securitie- will pay or what they are worth, but as soon as these facts arc determin ed, we shall be pleased to advise you in full and shall be pleased to ;ive you all information of interest from time to time. We represent the cred itors in all of these suits and we should be pleased to have your co operation in onler that justice mav be done to all parties. If you send your claim, we should like a briyt statement of how you were led into investing in the Lewis concerns, to gether with yoar original certificates or notes, or other evidences of debt. Any further information you may request will bo given cheerfully and as quickly ns our time will ponnit. Very truly yours, CLAUD D. HALL. Look among the classified ads for the address of your next boarding place I i Doctors Endorse Ncivttro's ItcrplcUlc When a tloetor endorses n prepara tion is mcAiiH more than an ordinary testimonial. Ilia opinion h always that of tlio professional man devoted to the welfare o ftho people. Dr. J. J. Ikiyd, Covington, Tenn., says: "I feel It my duty to wrllo UiIk for the benefit of thuac suffering from dandruff. In the average ease a fow applications of Newbro's Jlerptcldc will remove all dandruff. It Is ml. visable to continue Ita use for suvcrnl weeks." Tho words of J. H. Thompson. M !., No. a JIurrouRh Place. Cor HoIUh St., Hostou, Mass., aro nut lens en thusiastic: "I can only speak In praise of Newbro's Hcrplclde. It 1b all that Is claimed and perhaps more. Her-' piclde not only cleanses the scalp hut brightens tho hair, gives it life and makes It soft." Dr. T. A. Moore, Duncan, Ariz., writes of his experience: "My scalp was In places covered by patches of dry, scalv material and tho Itching was Incessant. Slnco uslug Hcrplclde all these ovIIb have disappeared and my hair Is soft, smooth and growing. Hair has grown on spots buforu but thinly covered." Newbro's Herpicldo Is tho original remedy to kill the dandruff germ and stop falling hair. The terrible Itch ing which goes with dandruff Is al layed almost at once. Herpicldo Is for sale at drug Btorcs and ono dollar size bottles are guar anteed. Applications may bo obtain ed at the leading barber shops. Do sure you get genulno Hcrplclde. Send 10c In postage for sample and book to The Hcrplbldo Co., Dejit. It., De troit, Mich. MKDFOIU) PlfAItMACV Special Agents, Ncnr Postofflco Night or Day. AGENTS FOR BUICK AND LOCOMOBILE CRATER LAKE GARAGE GASOLINE OI h A N I K V V I Ij I K S BUTTE FALLS HOTEL Will serve every Sun day an exceptionally good dinner for transients. CANDIES -1" OHANGK BLOSSOM CHOCOLATK CKKAMH, HO TO GO C'K.NTS. OHANGl? HLOSSOM MAIUjllMALJA)V8, 25 CIjINTS. PUANGB JJLQSSO.M HAISJNS, 25 CKNT8. OHANGK WOSSOM ALMONDS, 25 CKNTS. rKTKItS CIIQCOJiATES, 5 AND 10 CKNTS. CANDY, JJROTHKHS FltUIi; TA1JLKTS. MEDFORD PHARMACY NKAU POST OKI'IOK. PHONE NIGHT OH DAY MAIN 101. &S!SSr!0r i BHJNG YOUR WATCH IN AND HAVE, IT CLEAN ED AND REPAIRED. , MAKES IT A FAITHFUL TIME PIECE. PUT, IT IN SHAPE FQR THE DAILY SERVICE YOU EXPECT IT TO RENDER. LET US LOOK YOUR WATCH OVER WE'LL GLADLY TELL YOU JUST WHAT'S THE MATTER WITH IT AND HOW MUCH IT WILL COST. TO FIX IT. No matter, Jiqw difficult a Job of Jew elry ropalrlng you may have, bring It to this store with the feeling that It will be done promptly and properly. If you want any engraving done, we'll bo glad to servo you flrflt-clnsH work ut right prices. sj " t II Taiiralrir IJ Ann v & and Engraving - - THE JEWEI,ER, MARTIN J. REDDY tt rrn i MEDFORD, OREGON, . NEAR POSTOFPIOE (VNffNWW SEATTLE OBJECTS TO RAISE IN Q0LD MELTING RATE of gohl-ntigdvcrnmonf iinni,v offlecH. The present clinrge Ih jnM what lltv proposed .increase eiiuuls, Tlio ro WASlllNOTON. I). ('.. Jnlv L wit ol llu. increase, if in hollcVod, Telegrams artvl'lootlimr tho treasury will bring about (he illrocl shipping department today protesting against "f ""' Kl'l 1 '," hiln instcml ol' proposed increased charge of one-t assay nl'llees. , eighth of 1 percent Tor tlui molting! Seattle business men are much per- '" "" "'"" ' "--'SSISJirrffy!?!??!??!!? j atJisi -UHP-i !- Imbed over tlio proposal hlnl liavo enlisted Iho en-opornllnn ol' Now Yurli bunkers to augment lliolr oh. jeulion, Look nl tho add Ihut offer em ployment and you'll find Iho right noon. nu. i 55HT9CK k 4 - IRRIGATION $fe Have Water to Spare :::. and , v - ? ' v Acres of Land And Are Willing to Share it With You Office 3d Floor Medford National Bank Building FOR TERMS SEE Rogue River Valley Canal Co. and !- ri ROGUELANDS Inc. FRED N. OUMMINGS, Manager gm pr 1 YLAOY, IVE CAUtO TO TtlKhff VtfCtl-l VWvtOOT VOVtC ITLAM NO. I - BUT NOT -. I ) TO TOu ASOur THE I IHtRVCToCAUMtAWAYV I TO LlTTUC HAROLD! Vv3kcVn AIHWTME3 OF ElCCTRlCJL fROM MY WAJWMO. I OOffl) ITS MC FOR. THE 0CCv' vvUoht (WArtrttecrwc liomtaJ wwmtub DCWRrMtml y XN, M " rT ? iwmiii S' -i Oti rawrl I'BJ I jLl (ALU VOU 00 15 PUT THE CtOTUCS S Jf I CAM SAVE YOU AtX- f Zfflb I J INTO THE WA5HER., PRE55 THE fUTT0rll 3T(AT U00R AMO OftUOOtRY 1 (rZl fW. P I AHD ELECTRICtTY P0C5 THE REJT. A 3 OP ELECTWCtTV. WANT )J ) S! ffc V" (OH JOHN, I'MQtAO YOtYC COMel X 1 111 I I - II j WRiaHTAVYAY-ANOANttKTIIlC ? W $. WC? Sa &M ' YMjJ0m P 9 J JSf wT' eFj5tIC chafinoSish electibc Brogue River Electric Co. .fc WrtWii 4Ki m jggg