The Cedarville Herald, Volume 39, Numbers 1-26

i ftMil , ,f-1 my ^■Artt^l^JnftTari- F o r R s e ^ e ® * * O m JM» WoritT*&h ocm jM e* w j i [ « f m y GHhm irat,**** %erald. !' «m T Y ~N IN TH Y M R ... .............. 1...'"■" 1 " • - ' . ■ > NO, 12, '*1+ Tlifs Steal vyfcegstarred with** w» dex, dc*i>/tei tint a jest * subscrip- tion ii past due »ud a pr<-;?i; :■set-, tlemtuit is earnestly desired. , , . 4 ........................................................................................... TUfcNSR FTLBg RBFORT IN ANSWER TO SUIT OF GRIGER-JONES CO FlwuwJW Report o f Yariou* Compan- ie# aa F«tmd by the State Banting Department Shew* That Invest­ ments Have Been Anything But Safe—Dividends Forced to Fool People. The long sought financial report of the Geiget-Joaes Companies that has caused warranted uneasiness in this and other" counties in the stats, has been made public by Attorney General Turner when his petition in appeal of the suit to the TJ* S. court was filed Friday, For months the Geiger-Jone* Co. has fought the state department malt­ ing any use of thus report Or,allowing it to reach the public. To escape -ex­ posure thp companv attacked the state "“Blue Sky*’ law in the U, S„ court and at was held unconstitutional. The state then appealed to the high­ er courts and the condition pf' affairs as revealed in this report staggers the financial circles 'pf this -state, Following the decision-of the XL S. court the company claimed vindica­ tion and made much capital out of the sta tion but never referred tec the examk&r’a report. The examination was made by two different firms of accountants^. one representing the state and the other the cpmapny. The company having taken no excep­ tion to the work of the examiners means that there is ^something wrong in Denmark.” - . .. _The , attorney.- general's specifica­ tions as to the company’s wrong do­ ing embraces over 15,000. typewritten words and Is a complete exposure of how other people’s money has been sacrificed. The companies under the control of the Geiger-Jones Company are so In­ terwoven with debt between one an­ other, money carted from one to the other like shavings. Barge loans made , that are unsecured and money ad­ vanced to pay dividends4 when the' companies,were actually operated at a loss. The situation is so complicated that - ' the average citizen cannot compre­ hend it. It was in this way the com­ pany andf agents made their own re- ,ports of late to keep investors in the , dark, Indebtedness,' on' one -bet. of hooks was-carried as an asset on another. In summarizing with, the various companies we find the following in « . ------ art: “ a® yet divttwaifii in this time amounted 15151,000; MasriCen Rolling Mill Co., to |1M,127.42. *5173,0001 Mbberiy Brick Co., 583,000; T)» C n * * l » « a a ,, tw n opera- "“ t o tion in June, 1915, and up to the time CEDARYXLEE, OHKV; FRIDAY, MARCH 10,1916 .. ■—*■«» 1 - - ' — "1 jin u PRICE, 11.00 A YEAR STREET IMPBfMRRHENT. of investigation lost 514,906.94, Divi­ dends on preferred stock by the Mas­ sillon Rolling Mill Co. were $82,228.- 00; by the Geiger-Jone# Co. .3,764.45, The Charles S. Harrison Co. had a loss of 5225,358.36 and dividends paid amounted to 54,560.50. Massillon Rolling Mill Co. had Josses of 5255,330.52 to July 31, but paid the following dividends; Cash, ^ 0 . 5 2 ; ^ , 5153,000; a total Moberiy Paving Brick Co. had profits to July 31 of $37,247.07 yet the dividends paid amounted to $80,- 711.45. . j National Roll & Foundry Co. had profits of $50,805,88 yet paid in divi­ dends in the same time $90,879,87. Troy Wagon Works Co. had not loss h last five years of $169,925.77 but paid $92,587,34, Dividends.paid as above are all contrary. to Ohio laws (8724-87281 State 'alleges that said Geiger-Jones Co, not Only aided And abetted said companies in payment of illegal div­ idends bufj that said Geiger-Jones Co. competed said companies to pay il­ legal dividends. Forced dividends in .the National Roll & Foundry Co, were carried on books “ to deferred charge account until such time as earning would par- mit charging to dividend account,” -HI M. Geiger offered tp advance money for dividends to Troy company in case inventory disclosed they were not ’’technically justifiable,” Turner says that firm was using money from sale of stock to pay div­ idends which was contrary to lawms company well knew, 1 Not only 'did Geiger-Jones Co. guarantee dividends for companies but the companies guaranteed divi­ dends for each other. Stock owner-, ship' was interlocking, .Whenever companies"'needed more money more stock was sold. Company not Only filed report with State concerning financial condition but to investors as Well,; , •' ‘ A secret process for .enameling supposed to be the property of the Ohio Enameling Co. was sold' for $190,009, the stockholders only re- ceived. 526,000 and the balance went to the officers of the Ohio company. In 20 years the Troy Wagon Co', has .carried the plant at the same valuation or higher, nothing for de­ preciation. 1The Massillon ‘ Rolling Mill Company received from the Cen­ tral Steel the mini of $282,000 for eh1 puny plans to issue bonds to pay this account. So rune the financial history of this Ohio concern that has been trusted with millions from people whom were seeking investment but have since dis­ covered they were deceived and have merely been caught in a raw handed game of speculation. It would take several columns to review the situa- tion in full. COUNCIL TO GET IMPROVEMENT INFORMATION That the stmts of improvement is no question. But what should be used in and how the ex„ stiff'need careful A few suggestions latter. Who uses most7 Is it not munity, would there fair that all who sha should bear a part of Another consider has a number of v ried women, who o but no vehicle#, mean to these pa he most expensive _ . Vho would urge suchran unfair pro­ position upon a claaf who have no voice in. the matter? Since it is true ibat the whole township would be benefited by good streets in Cedarville, would it not be reasonable to levy a tax on the entire territory? Editor Herald;• . As one good word and as I see on re that Mr. PJiil.TH: Jjffeel books showed accounts receivable $64,000, a year before the concern began operations. The pur­ pose was to show prospective invest­ ors that concern was active in manu- -factoring. ..The way XjAritrjr That people are taking an interest in the street improvement wa&shown- by the attendance Monday evening at council meeting. Council realizes that people are greatly divided on what jkind.of material shall be used, Some favor thacadam from the fact that it would be much cheaper. Others concrete and Stiff some want brick which-would last 25 years and be the 'ficapeet in the long run, especially when the property owners have ten years to pay for it. Dr. M. I. Marsh o f the street 'ommitree from the Community Club war:, relied upon but his committee had encouragingly com token no action and was not ready to and* the proposed make recommendations as to the kind might add aword or >f material. That some action should was my birthplace s be taken for some kind of. improve- twenty years or more- •vent was evident. Other citizens ex- T - pressed themselves similarly. To get the ne,cepsary information as to cost council voted Unanimously in favor of a resolution to employ Mr, Shumaker, city engineer in Xenia, and formerly employed by the Penn­ sylvania, to make survey and gather data gs to actual cost for various ma­ terials and same will be submitted to property owners to make final choice. Attorney Barry Smith, Xenia so­ licitor, is also the village solicitor and will look after the legal work for Council. . A proposition was read from the Richante.-Engineering Co., Columbus, offering services on contract of five per cent of entire cost.. Council will have the Survey made by the day which, will be much cheaper, the en-' rimer'.being paid for actual time here. McFarland, Ross' and Lowry were -appointed by-Bin Honor to se- ure'Mr. Shumaker. Bills to th amount o f $375.35 were ordered paid. The electric light bill was deducted in the sum o f $12.92 for; outage while lamps iveye out. Council adjourned at call of Mayor McLean." ' ” * ille need r an open of material Improvement, Id he met tiott. .negard to the streets the ‘arming com* g un­ benefits expense? Cedarville and unmar- little proper- at would this .especially, if was used? ’ I'AIRPLAY. OHIONEWSGUT TOTHEQUICK The city where I , the largest number ai for a town of its ever been in.-. The close to ten. tbousanc great' epuntry for ies, tile works and cot. . ____ is quite a good deal of wealth., here #-v res another the Herald as spoken so ig Cedarville movements, I AS Cedarville I have spent \ere, a located has paved streets that I have pulation, runs and this is a mills; potter- mines. There but* the greater ma; pie are of .the world of them own their When I read in cent date of the reo; Cedarville Board of new name of the Ge< LIBRARY NOTES. Thought the month of February ' «. short one, it has been- an * bijsy oojt to the Hbrary. o f .reader# , m . ' .. niy improvements, in th4 streets, well kept lav ed houses, a new* i many; other (improve darviffe could well - t do not think, much in wealth as have lacked in publ: ihusiasnv * l am into ville because it WIN and there is never a which yon can bocor to the town in wide and in which ’ days; o f many there is pot one of i were to express ! would favor very-' f orements Gads make it 3%ra.are you v Cedarville h noted j p by of the peo- Class and most homes. „ Herald of re- zation o f the Under the le Communr that Gedgs*; on many; way of paved newly paint- 1. house and; which Ce- to make, as He lacks as seemed to t and en- in Cedar- home town or place to as attached as Ott were boyn ur boyhood i the home I am sure' S'lf'ritoyJ but what '“M i London lias population of 4,154, . 'Gallon will have a chamber of com­ merce. • . Holla McKinney is Lima's new chief of police. Jackson business men .have organ­ ized a rifle club. John Reynolds, car inspector, was killed by p. train in the Columbus yards, ' Because of shortage in funds, five men wore dropped from the Newark police force. Mack McQuadC, thirty-five, burned fo death ,as he slopt In a rooming house at Fremont, Faculty of Mt.- Union college Sus­ pended sixteen freshmen tor partici­ pating in a clasB fight, ‘ Injuries sustained by being tripped by h playmate caused the death at Alliance of Harold Stuckey, .nine. 5 Ohio Socialists will submit to an •initiative vote in November a proposal tightening up the state' election laws. . Mrs, Emma B. Johnson, sixty, heav­ iest woman in the world, died at her home in Norwalk, She weighed 600 pounds. Worried over Black Hand threats, Halvatoro do Steffano strangled him­ self to death in the state, hospital at Toledo. Five-year-old Jennie Yorile wa3 burned to death at.Steubenville when her dress ignited while in frput of a coal fire. At Portsmouth Mrs. Earl Moore gave her two-weeks-old twin babies poison tablets by mistake and one, a .boy* died. -State tax commission appointed- Newton D. Miller a special examiner at a salarvy of $S,4Q0 a year and trav­ eling expenses. Common' Pleas Judge Edward E. Corn of Ironton has decided not to become a candidate for the supreme bench of Ohio, .Two hundred and’forty laborers em­ ployed by the Cleveland city.water­ works in pipe-laying gangs struck for $2.50 per day. a ' 'An explosion at the sheet and tube plant at East Youngstown resulted in the death of due workman and the in­ jury, of three others, Mrs. Eliza Swearingen Edington, -eighty-eight, residing near, Manches­ ter,'was burned to death, .She lived alone in a cottage. . Circuit court of appeals at Ohllll- Cothe held that a motion picture play, on Sunday Is a theatrical pertorm- toeiwfofeMb ROTA BAKING POWDER A b s o fu to iy P u r * No A iim t— No P h o sp h a te Where -Contractor Got Hte. Reasonable Desire for Money. *Thftt’s a nice hpuse yau’ve built j desire money because I think * there, Subbuta; but It’s ' ratherknow the use of it. It commands labor* thrown In the shade by that new man- it gives leisure; and to give leisure to sion next door." “Tea; that's thecorn those who wIU employ it in the tor- tractor's house, built out of ,the profits warding of truth Is the noblest present he made on mine.’-—Boston Traa-an individual- can make to the whole.— script. Shelley. , Hogs A re Money Goiters Yfonns are ltog destroyers, therefore worm# and hogs do not make a good partnership.' Worms are the cause of 90 per cent'of hog diseadtSi ARE YOUR HOGS FJREE EROM WORMS? “ Monuyhack” Stock Foweer Is guaranteed to rid your hogs of worms and put them in condition for profitable feeding or your money-hack,- . PftlCE8:*-10 lbs., $1.25j as’lbs., $2,75; 60 lbs., $6.25; 100 lbs., $10.00;800lbs., a t$9.00per ftutlerod,600 lba., afc $8.00per hundred, looo Ibs. at $7.25 par hundred, 2000 lbs. at$<?.76 per hundred/'''. ALL ORDERS DELIVERED FREE Manufactured by “Moneyback” Stock Powder Co. Cddamllo^ Ohio. Richards' Drug Store Phone 203 S A BANK BALANCE A BANK Balance is the first itep to prosperity. It is a sure road to success. The* habit of depositing money regularly each week—a part of your income-"forms the basis of pros- perity, IncreaSeyourbankbalAnce.it will lead to greater wealth, in­ come and posessions, Ready money will mean much to you. Every independent fortune began with a frugal, prosperous, thrifty individual. \ - * Someone, somewhere, sometime, somehow began accumulating money and the first step in proptpefity building was taken. then he kept on saving and accumulating, that is the secret of hi# success. It will be the secret of your success. PAID ONSAVINGS ACGOUNTS Exchange Bank ' (V. ■ * ■ C t d a r v l l t e , O h i o .r OFFICERS «3#th W, Smith# President - Ijbto W. Rtf«, Vic* President DIRECTORS Seth w.. Smith Geo, W, Rife t ; Qmp L, Smith, Cashier Oliver Garluugh L F.TmdtH. Awt. C**hi« G*c#r L, Smith J G.E. Jobe in^fsifriijituasf'ft riiiiTt‘“'ii'ir*ili(*1 '“i^riaYif“’i)iji|jnifrii>ini boolSloaned wad 848,a dally average of 86. ‘The largest dajl; circulation was 62; the smallest, li The number of juvenile patrons added during themonth was 9; adults, j “4; making the total number of pat­ rons, 653. Each day we receive the 'Congress sional Record*’ which tolls of all the business that come before congress, ■The following are interesting arti­ cles in the monthly and weekly peri­ odicals; In Scribners, a very interesting na tore study by Colonel Roosevelt, ’‘The Bird Refuges of Louisiana.” Also an instructive article "Along the Mexican Border,” by Ernest Peixotto. The careers of certain Americans who have been made rich and power­ ful by the war are vividly sketched by Albert W. Atwood in the Amer- can Magazine. In this same maga­ zine Hugh S. Fellerton has an arti­ cle, “Getting and Holding a Job,” in­ cluding some of the tests which big Chicago employers are using on ap­ plicants. In the Independent appears "Wil­ liam Shakespeare,” the fourth article by Frederick H. Law in observance of the three hundredth anniversary of Shakespeare’^ death (April 23,1610.) This issue of the- Independent is called. the Little Garden Number* which gives practical advice on plant* inF flowers and Vegetables. This week and next Frederick M« Davenport will review sympathetic­ ally the achievements of Mr. Watsofl and his administration in the Outlook. This week’s 4title is “The President and Prenomination Campaign.” Mic3 Eflie Conley presented to the juvenile department two books enti­ tled, “’flie Dutch Twins” and “The Japanese Twins,” by Lucy F. Per­ kins. Gifts of periodicals -and books are greatly appreciated. NOTICE AU Mothers and Teachem of Codarviile and Codarvillo Town­ ship, are asked to meet in tho High' School* Monday. Mar/ 18th at 3;30, to organize a “ Parent-Teachers Association.” Miss Jessie Pearson, ! of Xsnla Will bs present to lend her j assistance, and to tell the good that ' has been accomplished by similar organizations. NOTICE Xenia Fertilizer Co,, is now under new management and all dead stock will be removed imme­ diately. Hogs 60o per 100; cattle $6 and horses $2 delivered at factory. Long distance phone calls , paid by US. Citizens 187. Bell 837W, 1 Xenia Fertilizer Co. enterprise which might boom Gedkr- ville; it’s pretty bard to have to talk improvement# to these phonic as they don’t heffeve in improving :anything', only the little* bank aceotmi - which they have been watching grow for* the past half century or more, These persons you will find in every commu­ nity the world over, and ' i f every town which has made improvements and which has grown to be a beauti­ ful place to live in had waited for these kind of people to do anything toward improvement, perhaps they would still be as they originally were. Cedarville doesn’t need to wait on these people in order to make' im­ provements for there are enough pub­ lic spirited citizens there to handle, all the improvements that could pos­ sibly be made, and 1 feel sure those people will help to realize the dream of a greater, a more homelike, a cleaner and a better Cedarville and in the realization of what is now per­ haps only a dream they will get much pleasure and satisfaction out of watching Cedarville grow and also of seeing the number of people who do not approve of improvements gradu­ ally diminish until they shall no lon­ ger reside in Cedarville but shall have departed to the quiet territory set aside for those who forever are con­ tent to live in the rut. Yours for a.greater and more beau­ tiful Cedarville. JOHN ORR STEWART, JR., Director Eastern Ohio Conservatory of Music (formerly Mt, Dnion), New Philadelphia, Ohio. NOTICE, BUSINESS MEN. For several months council has wrestled with bill# against the vil­ lage that were from one to two years old. To keep closer line on village expenditures a new system of order- books have been provided and orders can only be given by members of council, sanitary officer, street com­ missioner, When goods for 'village are ordered return must he signed by merchant. All bills must he accom­ panied by the‘Original order and he presented monthly. By Order of Council, ICE! ICE! --FOR SALE;--Buckeye incu­ bator 220 egg, good as now and priced to sell. Phon* 2*130. Now is the time to spray your fruit tress, Wo eftrry lime and unlpbur nftltttfon. McFarland A MoKee 1will handle ice this season in car lots, storage in rear of Cultlce meat store and Will be able to furnish you with any quantity at any time. Coupon books furnished. ■ . Ww. MAnsiTAnx.', We are prepared to take care of all automobile repair Arad garage work, Owens & Son ui-rrr.ir- I'f nirr— 7 T'V''iVJLi*J‘- ' ^ “-Perfume# have advanced 80 per cent. I will ##11 for th# next five day# the very beat Odor# at half price, Ridgway’ a Rexall Store. SEED OATS, Wo will have a oaf of Western White Read Oat#. Book your order eariy. Rbrr.A Hastings Bros, operations after a year*# shubdowml The mine .employ# 100 men. Hugh Nickerson, sixty-five,Wealthy farmer, was found dead under a rail­ road bridge near Steubenville, Au­ thorities believe ha was murdered. Twenty children were injured at .Marygville when horses became frightened and upset the enclosed School rig in which they were riding. 'At Cleveland Charles Laws stopped to argue with a workman after drop­ ping a brick on the latter’s hands, Laws was.lilt with a hammer and hilled. Three small children were suffocat­ ed in a burning house at Cleveland while their mother, Mrs. Rose Ehr- bacier, was at a neighbor’s houso on on errand. Paralyzed and unable to move, Jesse Carr, fifty-five, lay In a Cleve­ land construction camp and watched flames eat their way to him, He was burned to’ death. Jerry Rhoades, seventy-seven, ar­ ranged a shotgun trap for thieves In hia hoii coop near Conncaut. While opening the door he received the full force of the charge In the face. Flames licked up the last of the building -that composed the federal prison In which several thousand Con­ federate officers wore held on John* •con’s Island, Sandusky bay, during the civil war. The Columbus .and Southern rail­ road was sold to easterners for $43,- 000. The lino runs from Wyandotte, Fairfield county, to South Blooming- ville, Hocking county, a distance of twenty-two miles. Elliott B. Norman, Hardin County commissioner, secured a warrant for the arrest of Matt Stull, charging Stull With stealing an iron bridge weighing 7,000 pounds, which was the property of Barufn county, A. O. Kern, fifty-five, was arrested at Newark on a charge of arson, it being alleged that ho hired Arthur Grubb to set fire to Kern's hotel Jan, 3, 1914. Five persons were burned to death and tour others injured. Section 27 of the workmen’s com­ pensation act, which provides that employers failing to insure their workmen arc liable for damages awarded by tlie state commission, was upheld by the Ohio court of appeals. In a suit filed at Steubenville Mrs, Susan Montgomery asks $25,090 dam­ ages from Georgo Culp, wealthy, mine owner of Toronto, for the death of her husband, Hugh Montgomery, who was burned to death in the Culp mine. The flrs^ leap year couple at Cleve­ land were married free by Justice W, J. Ztoul. Thfe bride was Miss Mill!# Forester, twenty-five, of Columbus, and Arthur Reynolds, twenty-four, of Cleveland, *’I proposed to Arthur,*' said the bride, Meeting of the trustee# of the Ohio Anti-Saloon league and the dry coun­ ty chairmen, at Columbus, adjourned without taking action on the question of submission of a dry amendment to? 1916, Decided to await action of con< ft#a« on the prohibition proposition. Jones Millinery Will Open Witha Special Display -:-0F: Friday, March 10,1916 In the room opposite the Opera House on; Main. St, || BLACK LICK” TILE - - > 1 £ - . . sf '* Drainyour Farp with tlie everlasting Theyare the best on thew market Because theycontainne lime to slackwhen theybe* comewet. Lime will often crack and al- ways weaken your tile> They are burned hard and will stand freezing/ Are very smooth therefore carry more water. Are leftin good round shapethis increases capacity. When beter tile are madewe wifi sell them. Kerr &HastingsBros. <fi• Qftt’t «#U *U th# Ic# or«$m $6 h# Jflifc i'll* th* b««t of H- j THE UNIVERSAL CAR The largest shoe factory in the country makes less,than one-fortieth Of the entire shoe output, but the Ford Motor Com- opany builds half of all th# automobiles made in America. This tolume is neces­ sary to supply the demands of people who are looking for economy at a low cost. Get yours today ! Runabout $390; Touring Gar $440: Coupelet $590; Town Car $640; Sedan $740. All prices f, o. b. Detroit. RALPH MURDOCK, Agt, Cedarville and Ros*Townships Display at Owens Sc Son’# Garage. J5x3 MtfMiMNlMM *WMW mm **** -A. .«h V *■' j m m