Medford mail tribune. (Medford, Or.) 1909-1989, July 02, 1911, FIRST SECTION, Page PAGE SIX, Image 6

Below is the OCR text representation for this newspapers page. It is also available as plain text as well as XML.

    , 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