Newberg graphic., March 11, 1909, Image 1

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NEWBEBG, YAMHILL CJOUNTT.
HT, THÏÏB8DAY, MAKOH U . 1909.
NO. 21
of War, ot the Navy, o f Com­
merce & Labor, The Chiefs of the
Signal Service and the Bureau
led by men like White, it is in $250,000,000, and alone
■ ?Æ
of Equipment, our contracts
charge of the DePorest Stock­ net profit o f $30.000,000 a
with 12 foreign governments,
and
the
outstanding
securiti
holders,
who
are
thus
protecting
SU* in Lengthy Artici«.
and the fact that we are doing
and making valuable their in- all the American telephone'
95 per cent o f the wireless
(Next W eek O nly)
To die Editor, A lso preseat end vestment, while keeping out anies total about 100,000 1
É3 ww
business
on
this
continent,
gives
the
capital
ot
the
first
Bell
prospective investors in United Wireless promoters o f his kind.
us courage to bear up under the
Telegraph Stock:-
Both White and DePorest were cem. The skep
criticism of ‘Subscriber’ and the
The criticism on the United forced to sell their holdings to serve some good purpose; (oi
‘strong bank.’
Come early while stock is complete, We
Wireless Telegraph Co. and it’s the United Co., and neither o f which is to m a n the oi
■are.
tunity
for
others
to
bay
d
I
The
‘report’
says
that
the
item
m -
have a splendid line and vary cheap.
affairs, in your last issue, 4>v “ A them has any interest, financially
o f ‘Cash.’ in our statement,
like the poor, they are all
Subscriber.” is not entitled to a or otherwise, with us. White
m í;
2Vj yds white only,
Reg 50c . 39c
means ‘ ‘that we have sold our
reply, since be neither signs bis out o f Wireless, entirely. We with us; but there would be
2*4
yds
"
er
enjoyable
Thanksgiving
stock
through
agents,
and
the
" 90c
69c
article nor gives his authority, have a contract with DeForest,
money is probably coming in in
3 yds White A Arabia “ 1.25
96c
by name. In a discussion o f ttus *■ an inventor only, which runs ners if their advice were all
into.” It means nothing
consistently followed.
land, names and dates are bus - «ome vears yet.
3 yds
“ 1.50 ■ L19
This “ strong h — A’*
the kind, any more than it
portant,
besides being the
Although there was no legal
3
yds
“
“ 2.00 1.49
may mean cash on hand that
com m on courtesies of debate, obligation on those who secured that it’s miainfoi
3 yds
"
“
2.50
1.96
ancient,
by
qooting
date,
from
rentals,
commercial
But since the subject is ofgeaera! the DtFonnt
$17.60.
That
was
onr
price
business,
and
also
remittances
2*4
yds
wide
aingle
curtains
white
A
Arabia
$1.25 $ 96
interest, and particularly so to
the rest of the DeForest
from agents. The bank (!) loees
2*4 yds wide single curtains “
“
2.00 @ 1.65
many in Newberg, I will waive etockholders. every dollar of May und June, 1908. I f
sight o f the difference between
m y right to ignore it, and an- their investment was protected, are as much up to date bn
Lace curtain net by the yd special from 12*4c to 30c
par value ($10) and market value.
coverth is mam’s nest.
.
b j an exchange of their stock matters as they are on w
($25) As a matter o f fact, $100,-
T h e‘report’ bears all the ear- certificates for thorn o f the Unit- I submit that a ‘p ro p ’ will
EMBROIDERIES—
000 wouldn’ t cover the amount
marks of a stock broker, rather ed Co under the simple con- be necessary. Same an
states,
“
about
tw
o
years
due on installments in the Seattle
than “ one of the strongest New ditional contract that they
Friday and Saturday o f
week only.
Office; for, understand, we sell
York Banks.” Banks may be wouM bold their exchanged noticed the figures, which
at market price,—not par. By
prejudiced, even it informed, and certificates as pooled and non- ed earnings of about $9,
18 in. flouncing and C Cover 35c and 50c—23c
checking up the Company’s
are not engaged in educating the transferable for a time, w hile the (it don’t say for how 1
6
to 12 in. Emb. and flouncing 25c and 30c—18c
Does
this
authority
think
statement, it will be seen that
public on investments. Brokers United was «dling stock for
the
world
and
wireless
has
stood
the
exchanged
stock,
(for
which
Other embroideries at about half value 5c, 10c, 12*4
are generally antagonistic to development. Theirstock is val-
United Wireless because the nable today, where it would still for tw o years, because he no cash was received) and stock
Fancy Corset cover embroidery, flouncing and Waist
Company has made it impossible have been worthless in the shape has? Or did he expect wireless still in the Treasury on Jan. 12,
Fronts from 65c to $2.50 per yd at special prices.
tor them to traffic in or handle
^ F o re st securities. Does to develop over night, and spring 1909, amounts to $19,439,020.
our stock. ‘Subscriber's’ report that look like a square deal, or fully equipped, on a wondering This, out o f. our $20,000,000
world, like Jupiter, full grown, capita], leaves $560,980 (par
is discredited on these grounds, not? Ev‘‘3' nt1^ lfc hi!s
oc*
as Drobablv biased.
i curred to ‘ ‘the strong bank,” or from the brow o f Olympian Jove? value) o f stock which we have
W H A T TIME W ILL THE CLOCK STOP.
The statement that wireless sold, or 56098 shares; a small bite
¿ t me ask ‘Subscriber’ why, if j ‘Subscriber’ that ourj$20,000,-
can
be
used
only
on
water
and
out
of
our
two
million
shares!
he wanted a truthful, unprejudic-! 900 capital was based on the
As to heavy commissions paid
ed report on United Wireless, h e; fact that there would be ap- for short distances inland, while
1DOSSI
it
is
impossible
tQ
use
it
between»agents,
that is only an assumption
did not apply to either of the proximatelv $ 1 5 ,0 0 0 ,0 0 0 o f
Mercantile A gencies,-R. G. Dun »tock in other companies to be tw o other land stations, is too of the ‘bank’ . and ‘Subscriber.’
& C o., or Bradatreet? They a r c , exchanged, and we had to have absurd for comment. The daily There is an inevitable expense
accepted authorities, and make »om em excess o f that amount, press c o n t a i n s r e c o r d s o f for all corporations in presenting
a business of reporting impar­ for development purposes. If we messages sent 2900 miles, and their goods or their stock to the
tially on any commerkal project. had not exchanged this stock, received 5700 miles over water, public. The latter knows this, I
He probably doesn’t know that and protected the holders, a while overland service is nearly and sees nothing wrong or ille­
a Mercantile Report on the capital o f $5.000,000 would as successful. Galveston sen d s gitimate about it Some corpo­
Company and officials was sent have been enough. F or this ex­ to New York w ithout relay; Sân rations do this by large advertis-
for by the Bank o f Newberg, at, change, we g ot unquestioned Diego talks to Pensacola, Fla., tng. others through agents, who
my request, and received by them ownership o f patents and control Portland talks with every station present the matter in person, re­
from San Francisco to Ketchi­ ceiving a commission on sales.
o f wireless on this continent.
before I began selling stock.
kan, Alaska, and has received Assuming that ‘Subscriber’ is a
From
this
statement,
which
is
The main trouble with ‘Sub­
messages
from Magdalena
merchant, does he object to the
provable.
‘Subscriber’
or
anyone
scriber’ is that most o f his in­
The
man
who questions
salaries or commissions paid to
else,
if
fair,
will
admit
that
the
form ation on Wireless is tw o
the commercial men who sell him
years old. Before assuming the United C o., or it’s officials are don’t read the papers. Taft
congratulated
on
his
nomi
7 To this would be added
not
at
all
accountable
for
the
role o f critic, he ought to read
via
wireless,
by
Tbe
Phila
profits
o f ‘Subscriber’ him-
short-comings
of
White,
DeForest
up on the subject. Almost any
. as a retail merchant, which
United Wireless stockholder in and their Co., any more than Enquirer from that city to
Newberg could have told him the ‘Subscriber’ would be held for cinnati; and on Inauguration is only another form o f com­
with Phoenix Liquid Spray. Guar­
Yet the
story of the old DeForest Co. the acts o f a man or firm who Day, the wires being dow n ow ­ mission, after a ll
anteed to test 30 per cent and give
and Abraham White, and much had failed through dishonesty, ing* to storm , the first news o f public, the consumer, sees noth - )
the
inaugural
was
given
to
New
ing
wrong
in
this,
so
long
as
thej
whose
stock
o
f
goods
he
had
the very best results. If you need
better than the “ strong New
York, Baltimore and eastern commissions he pays are not out
York bank” has done; tor while bought.
a pump to apply it with, it will pay
A few o f the statements in the cities by wireless,—and it is all o f reason. Would 35 per cen t'
mainly true, it is wrong on
United
Wireless
service,
at
that.
cover
the
margin
o
f
profit
in
his
you
to inspect our line o f Spray
‘ report’ are little short o f ridic­
several points.
We
are
at
present
at
work
on
own
business,
between
the
manu-j
ulous,
and
hardly
worth
com
­
The United Wireless was NOT
Pumps and Fixtures for 1909.
■
“ originally established” by Dr. ment. Twenty million capital the installation o f 425 inland facturer and the consumer?
Quality and price will do the rest
Lee DeForest. He established is termed ‘high,’ when tw o o f stations throughout the country r One may hear many state­
the American DeForest Co., with onr stations are duplicating, day as fast as the instruments can be ments, in Newberg and else­
where, that are not so, and that
White as President, with a cap­ and night, the w ork o f a twenty built. Nuff sed..
Yes,
most
o
f
the
assets
are
million
dollar
cable,
between
San
I
receive 35 ppr cent for selling
ital o f $15,500,000. Through
made
up
o
f
good
will,
patent
Francisco
and
Honolulu.
The
the
stock, is one o f them. If
mismanagement and actions
which did not meet with the ap­ cables entering this country and rights, and stock. That’s all ‘Subscriber’ will wager $60 that
proval o f honest men, he bank­ Canada, capitalized at $300,- any o f onr big coporations had I get 35 per cent, I’ ll show him
rupted the DeForest C o.,‘ even 000,000, paid 8 per cent on that, in the early part o f their careers. my contract The fact is I do
though he meanwhile did much in 1906. No one questions the We are only tw o years old, amfr not receive half that commission,
substitution o f wireless for the wireless stations don’t grow like and the man in Portland, whom
to develop wireless telegraphy.
cables,
and 8 per cent on $300,- mushrooms. All Bell had for a I am working under, gets but a
In 1904, the DeForest Co. was
000,000
is over 100 per cent on year or tw o after he patented fraction over what I receive.
sued by both Marconi and Fes­
$20,000,000,—even
if we were the telephone was good will, His compensation comes from the scriber’ has, and have not been \ fringement and damages, at
senden tor infringement on an
itent rights, stock, and a [number o f sub-agents he controls, frightened by bankers or brokers; Washington, D. C., Govern-
under
the
same
installation
and
electrolitic receiver, and the court
lutifiil assortment o f debts; and a very small percentage on unfavorable to wireless. Most s ments and corporations have
operating
expense,
whereas
it
is
-issued an injunction forbidding
yet
the business is today capital­ each man’s business. T h ? ‘local
not
one
tenth.
this history was common broken contracts with him,
DeForest to use it. The Co. dis­
ized
at tw o billlions, and paying boosters” will no doubt speak for knowledge with Newberg stock- because he didn’t make good,
The
ships
alone
will
furnish
regarded the injunction, and both
. hdfiers eight months ago; so and we have taken them. So
White and DeForest were arrest­ large dividends on onr entire wonderfully. His patents were thwnselves.
As the bank’ states, there is tffat he is a triffle subsequent in much for Marconi. His days are
ed and forced to deposit $15,000 capitalization. The W e s t e r n worth it, as history has proven.
bail. Meantime they appeale Union has outstanding obli­ So are our’s. One o f the oldest no actual market for the stock his ‘discoveries. ’ I suggest that numbered, though from 1897 to
again, and get recognized 1902,.he was ‘ ‘the best end o f
the case and substituted the gations of about $150,000,000; (Established 1875) and sound­ except that made by the Compa- he
But
D unwoody receiver. On re-trial, yet, with 25,000 offices, are pay­ est financial papers o f New York, ny ;” -n o t because our stock isn t authority, with up-to-date facts; the wirpless business.”
more thoroughly t ' j j i conditions change;—though ‘Sub­
the decision of the court was re­ ing big dividends on that -The ‘ Mercantile & Financial w orthies price, as they insinuate, and
versed in DeForest’s favor. In­ amount, or about 300 per cent Times,’ estimates our assets but because our stock is not on gathers the actual, provable facts scriber’ may not have noticed it.
stead o f this suit being over “ one on the original investment Their worth $30,000,000, and says the market at all, and con­ regarding United Wireless, the
There are but two com­
o f the important parts of wire­ ross receipts last year were our capital is infinitesimal in sequently not in the hands of greater Newberg investment will mercially developing wireless
less telegraphy,” :t was simply 28,500,000; expenses $25,000,- comparison to that of existing brokers. It is easy to see why
telegraph companies in toe
about a part o f the electrolitic 000; profits, $3.500,000. The wire conffianies. A copy of a they can not regard it as a “ good
A few facts about “ Maropni known world:—"United” and
receiver, and altogether o f such same number o f ships, (25000) letter o f it’s Managing Editor to investment,” because they can­ W ireless.” They have been in "M arconi;” and the United is
insignificance that the parties which is 2 1-2 per cent of the a private individual, over bin not deal in it. It would be a business over eleven years. In the first and only commercially
t thereto dropped it by common estimated total, each paying own signature, is in the hands of little unreasonable to expect this period they have built 5 successful one.
Others are
consent, as the receiver in $100 monthly rental, will give many Newberg stockholders. ‘Subscriber’ to recommend
stations in America. In the past merely "systems” o f experi­
question became obsolete, and is us $30,000,000 a year, outside This man went through our Disston” mw if he was handl- three years they have neither menting inventors, who are doing
Simmon s Keen buUt a station in America, or no commercial
n o longer in use by any operat­ o f commercial messages, which books, contracts and factories, mg mstead,
business
or
have increased 300 per cent in in the interest o f inquiring sub­ Kutter.” As to the difficulty m; equipped an additional Atlantic j development, and have usually.
ing company.
White, foreseeing the end o f the the past year. It these corpo­ scribers to the paper;—ana they selling, just let ‘Subscriber’ try Liner, so far as we can learn. or at m ost two experim ental
DeForest Co., tried to engineer a rations can pay big dividends on are business men. Also a letter to buy some o f the stock held in There is a Canadian Marconi Co., stations. There is a vast differ­
com bination o f the DeForest and hundreds o f millions o f capital. o f the Attorney for “ Success Newberg at the price paid me yet last year we built seven ence between a wireless tele­
This paper was for it, and see how much he will stations on the Pacific Coast of graph company, ‘on paper,’ and
M arconi Companies, under the Wireless ought to do fairly 'well Magazine.”
foremost
in
the
condemnation of g et
on
$20,000,000,
especially
when
name o f “ United Wireless,” in
Canady and are at present equip­ one which is building stations as
I f he will consider a minute, ping 17 Canadian Pacific Railway fast as men and money can do i t
November, 1906; but his charac­ our expense is 90 per cent less Abraham White and his manage­
ter and m ethodi had become so than theirs; and I have mention­ ment o f the DeForest Wireless he will see that one or two raises vessels. They have failed to pay and showing substantial financial
well known that his scheme fail­ ed only those fields for wireless Co. He absolves United from in the selling price o f stock expenses, and last year, after 11 returns f r o m c o m m e r c i a l
ed. While this was going on, operation which anyone posted any blame therefor, praises ouf absolutely wipes out all com­ years business, rendered a state- business. The United, it must
President, and endorses the in­ missions. He hasn,t figured ment showing them close to $600, - > be understood, is a combination
the stockholders in the old De­ will concede to us.
vestment.
Other recognized fi­ that the one-fourth o f our stock, 1000 in debt
The
same
complaint
o
f
over-
Forest Co. were taking steps to
To prove this, I of the best features o f many
nancial
authorities
are The Com­ still in the treasury, at the 1 will leave a copy o f an article in different systems, which they
capitalization
w
a
s
b
r
o
u
g
h
t
rotect their own investments.
hose possessed o f the means against the Bell Telephone Co., mercial & Financial W orld, o f present price, is worth 62 1-2 per T he Electrician,’ o f London, ¡own and. control, and these
capitalization. ¡England, of June 6, 1908, with > several
g ot together, and by paying off and that an investor would N. Y „—The Capitalist, N. Y.% cent
»cvcioi systems are now and
rru o . f our
?ur total capitalization.
an adequate profit and Dow, Jones & Co., publish* The stocks still in the .treasury,, the Editor. His system is slow; then referred to as if they still
the judgements against the De­ never * receive
* t V i A 1 i i n t t o r i
rl”
t
Forest properties, and buying from “ the limited field” open to et*sofThe Wall Street Journal;— at the advanced pnees tbe (ten worda a minute) 0ur’ s limit retained their
lividual inde-
speed 0f operator, pendence and nc
the patents, etc., at sheriffs sale, the telephone for it’ s extension. admittedly the best financial Company will get for it, as it’s ed only
by those not
’ they became the owners. Then, Later, sale price o f Bell shares authority in the United States. value increases, will bring three, His ig seriously effected by cli- aware o f the United’ s control.
on February 14, 1907, The increased to 320 times their par These letters of approval will lie times the amount o f our - total | matjc conditions; - our’s is not. The truth o f these statements ia
work ^ th him, or tune provable, and .warrants consider­
present United Wireless Tele­ value, and conservative business shown to any one interested» camtahzation and every share We
the him out> as we please. Our ation as such.
eld in Newberg is worth the‘
graph Co. was organized, with men purchased the stock on the With such commendation, to held
The only ‘deception’ which has
the object o f consolidating all basis of a prospective dividend- which might be added the daily same price as those remaining in patents are (1886) ten years older
wireless systems and patents o f earning capacity on a capitali­ press o f the country, the sanction the treasury.
than his. (1896) He is using a been practiced, is that which
A number o f Newberg stock­ ‘Shoemaker’ patent which we | ‘Subscriber’ is himself the victim
value, which they have since zation exceeding $500,000,000. and patronage o f our own
Even
then
the
skeptics
insisted
;
Government,
including
letters
oi
holders
have made much more own, for all long distance work,
done.
that
it
.would
never
pav
a
decent
|
Roosevelt.
Taft,
the
Secretaries
thorough
investigation than ‘Subn and is defendant in a suit for in-
‘Subscriber’ will possibly be
Continued on pace 4.
surprised to learn th at
profit. One of the Bell su
M ORE ABOU T WIRELESS. o f United Wireless being control­ companies is now
LICE CURTAIN SPECIAL
J. C. Porter & Co.
Y O U R
VINCENT
i
?
a h a m