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About La Grande evening observer. (La Grande, Or.) 1904-1959 | View Entire Issue (June 17, 1910)
. - r 3. .. i 1' ,C , ! rA 'A 1111 mm ! 8 Midget-Fir Street Markets We can fill your order fi and deliver it prompt. Steaks. Chons. Boil or Z , ' 7 - 4 Roast of Beef, Veal, A TiJiTnh Mnttnri or Pnrlr 5. PS 4 from our shops, will xiipasfi vnn. HTPsh Wish K A . daily. Chickens dressed '4 . 'A g to order. We are al p ways in the market to !j buy chickens. 4 Pure government i n- 'A' p spected lard 18 cents rA Prinnf vnnr nrrtar S j Both Phones. Your Banking No natter how small, no matter how large The Cnltetd States National Bank will gire it care, ful atteitlon. This message ap. piles to the men and the women like. OFFICERS N. K. WEST, President WM. MILLER, Vice President T. J. SCROGOIN, Cashier. H. E. COOLIDOE, Asst Cashier. U GRANDE MEAT CO. ! ,. : iutun v.i . .i.... .i SucceMful. Chamberlain's Conch Remedy acts on this plan. It loosens The cough, re lieves the lungs, opens tbs secretions and aids mhM In restoring ths tTitim to hnltb tow-r.-i ' Beginning Monday every Lady attending Thelsis Matinee will be presented with a coupon worth 10 cents on the purchase of the beautiful china, on dis play in the lobby of the theatre. No tickets to gentlemen or children. As soon as you have enough coupons present them at the ticket window and get a : n aura ram HEMES I'MTED STATES. AUTHORITIES ARREST COMPANY OFFICERS. Postofflce Inspector Speaks Plainly On The Whole Plan of Promoters. , The Associated Press report out the following story from sent New York yesterday United Stated postofflce inspectors the handsome Broadway offi- ces or the United Wireless Telegraph comPany today and caused the reBt of Christopher C. Wilson, presl ...I o 1 n ... dent of the company; Samuel S. Bo gart, first vice-president, and Wil liam W. Tompkins, president of the New York selling agency, which, offi cers of the wireless company say, was formerly their fiscal agent, but has ceased to represent them. Chief Inspector Mayer subsequent ly gave out a statement, in which he charges that, although the company bas been running at a loss, the price of its shares have been advanced by manipulation to fictitious values and that Individual officers of the com pany have sold out their stock to the general public at a profit esti mated in one instance at between $5,000,000 and $10,000,000. , Two Are Released. Wilson was released on $25,000 bail and Dogart on $10,000 bail for ap- .j pearance on July 12, when a further bearing will be held berore a Feuer-, al commissioner. Tompkins was arrested at his farm near Mahop Falls. Ta., and brought here. He could not find $10,000 and spent the night In the Tombs. The specified Instances of alleged fraudulent nse of the malls Is given as the mailing of a letter on March 3. 1910. to Michael O'Brien, of Water bury, Conn. Many Buy Stock. "There are 2S.000 shareholders of the company throughout the coun try," said Inspector Mayer In his statement,' "many of whom have placed their savings In the stock of the company through false represen tations made by Its officers. I "The real assets of the company, consisting of land stations, patents, manufacturing plants and real estate of all kinds, appear to be worth, at a conservative estimate, $400,000, or an actual worth of 2 cents a share". I . Two million shares have been Is sued at a par value of $10, but the stock has recently been nut ub tu a $50 a share. "Thus," argues the inspector. In his statement, "by taking the last amount quoted ($400,000 of nctaul as sets) at $50 a share, the stock 1 CMinia really worth as $400,000 Is to $1,000, 000,000, or $0.0004' a share." ' Insyecor Reviews Case, The inspector says the company was originally incorporated as the Amalgamated Wireless Sureties com pany In 1904. In 1906 It took over the assets and business of the de funct American De Forest Wireless .Telegraph company, which was then running at a loss, exchanging, there for, its own securities on a ten for one basis. . ........ At this time, says the Inspector's statement "when officers of the DeFor est compar." vere secretly conniving to abandon it and leave the stock holders a mass of 'worthless secur ities its stock had been forced to an alleged value of $12.50 a 'share, or $2.C0 above par. j t auuiucj iLcui . in - inn htjitpttiptit Bent out to stockholders was patents and patent rights, $5,520,233. The af- ar-.fa,r8 of the company were recently audited by a firm of , licensed ac countants, who placed the book value of all patents at $220,233. , . "The officers of the company have sold to; the public thousands of shares, claiming all the while that they were holding their own shares and putting the money received from the public Into the plants of the company. One of tbe officers is be lieved to have cleaned up $5,000,000 and possibly $10,000,000 , at prices ranging from $10 to $50. Officers Disclaim Responsibility. None of the men arrested today had any explanation to make, but a statement was given out by C. C. Galbralth, general manager of the United, in which he said: "The action of the Federal authori ties will In no way affect the com- merclal business of the company. The difficulties In which stock salesmen may Involve any stock company JUST IN it CITY cw g ,. -V ' Bakery fluff tun SUHI11U S ; PREMIUM ! g SUGAR CURED! g HAMS I to W. r it ir ski a 4 juoi in j mm 8 FOUE DRUNKS AFTERMATH OF CIBCCS DAY. Follce Agree That Circus Contingent Unusually Decent Four, more or less drunk, is the aftermath of circus yesterday! These four are not attaches of the circus, but vIsItiLg boys and men who over-estimated the weakness of liquor and "came to grief as a result. As for the hangers on to the Campbell Brothers' circus, the police depart ment agrees that the usual army of criminals and nifty fingered crowds that usually follow in the wake of a circus, was entirely missing. Close scrutiny was maintained by the po lice until, the show had gotten but of (town, ' but there was. nothing off shade as far as members of or trail ers to the circus was concerned. The crowd is unusually well behaved. Glenn Ryder, an Indian creek lad, came up from Elgin with a .crowd of four others, and this morning awoke up in the city Jail, later paying a $5 fine before Recorder Cox. He affirms that he was not intoxicated, but to expedite matters and permit his re turn on the morning train, paid a fine. Clyde Brown was arrested for b- ing drunk and disorderly during ths night. Brown was fined $10. He stated that he desired to work on the streets .even , though he had more than sufficient money on bis person ir nnv iha flna Thfl 'phqTi !q nnnr In safe keeping with the recorder and after the fine Is expired, will be i given the cash again. through unauthorized -statements are well known to every one who ever built up a business In which the sale of stock is a factor." Arthur M. King, counsel for the United, said tonight that for several months the Postofflce Department has been harrassing the company. He attributed the prosecution to the dis content of certain stockholders who might have been unfairly treated by other stockholders who had no con nection, he said, with the company. Christopher Columbus Wilson, pres ident of the United, is a financier of the self-made school. He was born in Mississippi In 1S45 of Irish descent and never had more than three months schooling. He became suc cessively a cotton farmef, a banker In Denver, a miner and finally a pro moter of wlreleRS securities. He lives at the Waldorf Astoria when in New York. Ira Wright and. wife of Arvada. Colorado, are in the city looking for a location. Cli n Notice. To any person owning or occuplng any building or premises, you are hereby notified to remove in ten days all wooden awnings and porches and signs suspended over any sidewalk in the city of La Grande, Oregon, provid ed that electric signs .that are prop erly suspended may remain, J. A. MATOTT, lOt Street Superintendent. ivsaxweli Wins Thrills followed thrills as speeding automobiles shot around the course of the Ingleside Race Course, on April 24th, in the second and final day events of the successful meet promoted by the members of Islam Temple of the Mystic Shrine. Thehonors of the day were diyided between Barney Oldfleld, with , his 200 horsepower Benz machine, and C. O. King, with his Maxwell 30 horsepower stock car. Oldfleld lowered his previous record of one mr.lt 51 5"6, wh,ch 18 a new coast record 'or the circular track. With the exception of this performance, Oldfleld had to take second place in the list of racing honors, as the world's champion met defeat In both the five and fifteen mile handicap 'events, and in both races King and his Maxwell were the victors. In fatt, King proved the surprise of the meet, driving all of his races with much udrTent end taking the urns with his car as close to the tence as did Oldfleld. In 5 ?iL S,haDdicap: 01dfield drove 11,8 Kno ' to the utmost, from KiJ? Mnf T 00trvDS and he could not t the lead away from King. Not only in the handicap events did King and his Jtfax- Jav thrflvSft0fnthVr8t rder' but ,n one of tne fit events oTfhe day, the five mile race for cars costing from $1200 to $1600 which was one of the bestmatches of the meet - KinJSsT oAitnhnve,mlle.h,aondlcap was as f0ll0W8: Maxwen, S? finished Sir l nVA'' Chal-ers..West, 4.49.30; Auto i? rth' vnd the Knox car- Barey Oldfleld driving fifth. J. B. Whiteman & Son 1 4 ! s s I 108. Elm SOM is going to be disappointed when the five acre tracts we have been offering you are v all gone, and they are, all but two. We have some fine buys in residence : lots at $125.00 each; $25.00 down and $5.00 a month. Better Investigate these. Bell Phone, Red 801 ' Independent 262 LA GRANDE Inv.CO., Foley Hotel Bid., v La Grande IIENDR1GKS & HALL Painters, paper hang ers, decorators. Esti mates furnished free. - Ceddes Grocery Building Phone Ind. 1431 Read the Observer. r Am i Street. EBODY Hfmmmmim