anaheim-gazette 1911-03-09

GET-RICH-QUICK SCHEME TO BE AIRED IN COURT FRENZIED FINANCE IN ORANGE COUNTY INVESTMENT COMPANY Stockholder Knapp Brings Suit Against Promoter Olmstead, Asking That Taking Over of Home Investment Company Be Set Aside—Company Seems Solvent—Excepting for Phoney Business Would Be a Money Maker—Bradford Succeeds Olmstead as President of Company Disturbing rumors current for some months past regarding the Orange county investment company, as well as of terms and conditions of the transfer to that organization of stock of the Home investment company organized here by E. L. Olmstead several years ago, took concrete form on Friday when J. Allan Knapp of the Katella district brought suit in the superior court against Olmstead and his associate directors, asking that all Olmstead deals be declared null and void. Olmstead is a Redlands man who came here a few years ago and established the Home investment company. Last year the company was taken over by the Orange county investment company. Headquarters were moved from this city to Santa Ana. Olmstead was chosen president of the new corporation, as he had been president of the old. A dividend of 6 per cent upon the old company's stock was declared. Holders of shares in the Home property from the Home company to the Orange county company is null and void. The defendants are E. L. Olmstead, H. B. Washburn, N. Johnson, L. Guiterrez and — Hobson, as trustees of the Home Investment Co., the Orange County Investment Co. and E. L. Olmstead as an individual. AMENDMENT NO. 1 Light Thrown Upon Subject Which Perplexes Many Anything that attempts to elucidate the opaqueness of Amendment No. 1 is welcomed these days, particularly by the officials of corporations who are trying to comply with the law and avoid unintentional perjury at the same time. In line with that comes some advice from one of the best known accountants of San Francisco, who, in the interest of corporation clients, has had the matter up with the state board of equalization, and as a result, has issued the following on the subject of the return which corporations must make for the purposes of taxation: Senate Constitutional Amendment No. 1, adopted last November, provides in section 13, paragraph "d": "All franchises, other than those expressly provided for in this section, shall be assessed at their actual cash value, in the manner to be provided by law, and shall be taxed at the rate of one per centum each year and the taxes collected thereon shall be exclusively for the benefit of the state." In other words, all mercantile, manufacturing, land, mining, agricultural and other similar trading and industrial corporations are included here. THESE LOVELY WANT POWER POLITICAL EQUALITY IS SENDING OVER TURN Maintaining that An Exists Between The lot is Disappearing Suffrage Rights —Desire to Vote attaining to Their as That of Male Editor Gazette.—Where both houses voted by a large margin the suffrage amendments an educational campaign dertaken wherein the vigence of women, the five suffrage stakes influence of women the position of work, and the program try at large, will be reading public of In Los Angeles, they have undertaken to the suffrage campous cooperation. To the political equalizers for women clue equal suffrage league advice of prominent the work upon them that no energy may friction avoided. Sent to clear away the rural Doubtting both sexes. Organ structure will be ing precincts, and ed null and void. Olmstead is a Redlands man who came here a few years ago and established the Home investment company. Last year the company was taken over by the Orange county investment company. Headquarters were moved from this city to Santa Ana. Olmstead was chosen president of the new corporation, as he had been president of the old. A dividend of 6 per cent upon the old company's stock was declared. Holders of shares in the Home investment company eagerly took the bait of promise of larger dividends in the new company. Stock was transferred and more money paid in for new stock. The company now has, according to a statement of one' of the new board of directors, $16,000 on deposit in a Santa Ana bank. The company is solvent, but there exists a lot of phoney acts on the part of certain men which may necessitate throwing it into insolvency. Several months ago Olmstead resigned the presidency of the company. It was given out that condition of his health prevented him from continuing at the head of the organization. Immediately rumors began circulating that all was not right. These rumors grew worse daily. One report had it that the company would be declared insolvent, and that one of the worst failures ever recorded in Orange county would follow. Another had it that the company would weather the gathering storm, and with righting of phoney transactions on the part of Olmstead, all would yet be well. A. S. Bradford of Placentia was chosen president in place of Olmstead. Bradford is a wealthy orange grower, and stockholders look to him to see the company safely through the shoals which seem to beset it. He objects to turning over the company into hands of a receiver, and thinks it has assets sufficient to weather the storm which seems to be gathering about it. As a stockholder in the Home investment company Knapp brings suit against Olmstead and his associate directors seeking to rescind and make void the transfer of the business of the Home investment company to the Orange county investment company. Knapp charges a manipulation of the stock by Olmsted and his associates whereby Knapp as a stockholder in the Home company was damaged. Knapp had ten shares in the Home investment company. He alleges that he bought those shares on the representation of Olmstead that there was "All franchises, other than those expressly provided for in this section, shall be assessed at their actual cash value, in the manner to be provided by law, and shall be taxed at the rate of one per centum each year and the taxes collected thereon shall be exclusively for the benefit of the state." In other words, all mercantile, manufacturing, land, mining, agricultural and other similar trading and industrial corporations are included herein. The return required by the state board of equalization is authorized by section 3692, political code, and is not dependent upon senate bill No. 13, introduced by Senator Curtin. How the actual cash value of a franchise will be ascertained, or upon what factors it will be based, the state board of equalization had not determined on February 24, 1911. We have considered these matters with the members of the board and are authorized to state: 1. That the return, and particularly the income account thereof, are required for the purposes of information only. 2. That the returns will not be made public. 3. That where the fiscal year of a corporation ends at a date other than December 31, the report for the fiscal year of the corporation may be substituted. 4. That the revenues estimated to be derived from this particular tax is $1,500,000, or an average of $83.33 from each of the 18,000 corporations subject to the provisions. 5. That the board cannot grant extensions of time beyond March 16th, 1911, but will not harass corporations with unreasonable exactions. We therefore recommend immediate compliance with the regulations of the state board and suggest that you ask the board to consider the item of "good-will" as a deduction in arriving at the actual cash value of the franchise. RIVERSIDE'S LIGHTING RATES Slips One Over Us, When It Comes to Economy The monthly report of the electric light department of Riverside shows that the net earnings for the month of January were $4996, including depreciation. This is as compared with $3211 for the same month last year. The percentage of profit is estimated at 46 1-2. The net value of the plant is placed at $275,182, as against $231,727 of our cooperation. To the political equality for women clubs equal suffrage league advice of prominent work upon them that no energy may friction avoided. Sent to clear away rural Doubtting both sexes. Organ structure will be being precincts, and eaus have secured most experienced before the reading principle of the m The Friday Morning Angeles, one of three progressive clubs opened its auditorium on the politicien men, to take place speakers, Mrs. Gee Mrs. Seward Simonsive presidents of it posed to woman's political equality suffrage organizaMrs. Caswell addure upon them as she saw them through the press ing, has presented points the history sibilities of suffrage meeting is running off of the 1200 memberthe movement while attention of a grievance people of the time. Mrs. Cassi subject, "Why weof suffrage upon Simons addressed" "Why women shouldlege and responsiblot." In the towns sgeles, suffrage owing formed constulated for stress each particular coLand Park and Paplications are striking soil. Along tne ean Park, Santa Have joined together—the Pacific poliAt Huntington steps toward an been taken, and dale and South are marshalling operation with thle leagues of Los they constitute amily, a unit in o against Olmstead and his associate directors seeking to rescind and make void the transfer of the business of the Home investment company to the Orange county investment company. Knapp charges a manipulation of the stock by Olmsted and his associates whereby Knapp as a stockholder in the Home company was damaged. Knapp had ten shares in the Home investment company. He alleges that he bought those shares on the representation of Olmstead that there was no promotion stock in the company, that Olmstead himself had paid par for his stock. Knapp alleges that the directors voted $115,000 in stock to Olmstead for property valued at less than $5000. It will be remembered that the Home investment company people concluded to enlarge into a county organization, and the Orange county investment company was formed. Two-thirds of the stock of the Home company being present, the stockholders voted to transfer all its business and property to the county company for a consideration of 75,970 shares of stock in the new company. Knapp alleges that in violation of that instruction the directors accepted 32,500 shares of stock and they themselves attempted to distribute this stock among the stockholders of the Home Investment Co. In the distribution, Olmstead is said to have received 25,000 shares. Knapp declares in his charges that the Home Investment Co. as a company never received the stock, and that the directors transferred about $12,500 in cash and claims and several pieces of real estate without any compensation except the "attempted" distribution of stock of the new company by the directors of the old. The superior court is asked to give judgment decreeing that the transfer Slips One Over Us, When It Comes to Economy The monthly report of the electric light department of Riverside shows that the net earnings for the month of January were $4996, including depreciation. This is as compared with $3211 for the same month last year. The percentage of profit is estimated at 46 1-2. The net value of the plant is placed at $275,182, as against $231,727 of last year. The number of consumers to date is 3215, representing 57,356 16-candle power lamps in commission. Riverside owns and operates its distributing system and substation, and also an auxiliary steam generating plant; but it buys its electric energy at wholesale from the Edison company. The rates it charges are as follows: Meter Rates for Lighting—First 100,000 watts used per month, 9c per 1000 watts; next 100,000 watts used per month, 5c per 1000 watts; all additional watts used per month, 4c per 1000 watts. No meter to be installed for less than five 16.c.p. lights. No bill for lights rendered for less than 50c per month. Meter Rates for Power—First 75,000 watts used per month, 6c per 1000 watts; next 75,000 watts used per month, 4c per 1000 watts; next 900,000 watts used per month, 3c per 1000 watts; all additional watts used per month, 2c per 1000 watts. Pumping plant rate, 1 3-4c per 1000 watts. No meter to be installed for less than 1 h.p. motor. No bill rendered for less than $2 per month where meter is installed for power service. Flat Rates for Power—1-2 h.p. motor, $4 per month; 1-4 h.p. motor, $2 per month; 12-inch fan motor, $1 per month; 16-inch fan motor, $1.50 per month. THESE LOVELY WOMEN WANT POWER TO VOTE POLITICAL EQUALITY LEAGUE IS SENDING OUT LITERATURE Maintaining that Antagonism Which Exists Between Them and the Ballot is Disappearing, Demand Equal Suffrage Rights With Sterner Sex — Desire to Vote on Questions Pertaining to Their Welfare, as Well as That of Male Biped Los Angeles, Mar 7. Editor Gazette.—Here in California where both houses of the legislature voted by a large majority to submit the suffrage amendment to the voters, an educational campaign has been undertaken wherein the general intelligence of women, the good work of the five suffrage states, the force of influence of women in a community, the position of women in economic work, and the progress of our country at large, will be placed before the reading public of the state. In Los Angeles, three organizations have undertaken the detail work of the suffrage campaign in harmonious cooperation. These organizations the political equality league, the voters for women club, and the college equal suffrage league, have sought the advice of prominent men interested in the work upon their campaign plans, that no energy may be lost, and all friction avoided. Speakers will be sent to clear away the prejudices of the rural Doubting Thomases — of both sexes. Organization of firm structure will be perfected in voting precincts, and the publicity burden of the state which only last November gave the ballot to its women. Women's Equality League of Los Angeles. STATE FARM TO EDUCATE Will Be Worked by Convicts Under Direction of Experts Arkansas is going into the farm demonstration work on its own account, and this year it will have 100 acres of choice land at the state farm in Lincoln county cultivated under the most approved methods in agriculture for the purpose of giving support and impetus to the farm demonstration work in Arkansas, and particularly for the purpose of experimenting against the encroachments of the boll weevil at the farm. Some time ago the penitentiary board gave its endorsement to this project, and later J. J. Moore, demonstrator of farm work for a large section of Southern Arkansas, with headquarters at Hope, came to Little Rock for a conference with Commissioner of Agriculture Phillips relative to initial plans. Mr. Moore is probably one of the best-posted demonstrators in the south, so far as the fight against the boll weevil is concerned, having directed the work against this pest over nearly the whole of the cotton district in that state where there is weevil affection. For this reason the penitentiary board asked his cooperation. Of the 100 acres planned as an experimental crop, thirty acres will be planted in cotton, thirty acres in corn and the remainder in alfalfa. Three varieties of corn will be cultivated also three varieties of cotton, each variety having a ten-acre plat. One of the main objects will be to see what Moore will visit the farm at intervals of twenty to forty days, personally directing the method of crop cultivation. The work, of course, will be done by the state farm convicts under the direction of the pehitentiary board and farm superintendent. The penitentiary board and commissioner Phillips heartily indorse the demonstration project. SAIZ IN MEXICAN ARMY Fought at Mexicali, but Did Not Go With Troops to Tia Juana Doing valiant service for Diaz | in the insurrection flarup beyond the border, Sarco Salz, Mexican outlaw and murderer, who escaped from the county jail at Santa Ana in September, is probably free from molestation by American officials. Salz fought with federal troops at Mexicali, where he is said to have done good service, although fatalities, so far as reports go, were few in number. He was ordered to proceed to Tia Juana, along with a detachment of soldiers, but evidently balked, for he loaded up with liquor and was sent south under arrest. Speaking of the arrival of a detachment of gendarmes at Tia Juana under command of Lieut. Nunios, a San Diego paper says: The troops under Lieut. Nunios are said to compose the best men in the Mexican army as shown in the battle at Mexicali. One of the soldiers is Jose Morales, brother of the noted outlaw, JoaquinM orales, who has just been released from prison in this state. Joaquin Morales terrorized all Southern California and Lower California for years before he was finally run to earth about twenty years ago by Keno Wilson, now chief of police of San Diego. Morales was convicted and sent to prison for life. The Friday Morning Club of Los Angeles, one of the largest and most progressive clubs of the state, has opened its auditorium for a discussion on the political equality of women, to take place on March 3d. The speakers, Mrs. George Caswell and Mrs. Seward Simons, are the respective presidents of the association opposed to woman's suffrage and the political equality league, the largest suffrage organization of the south. Mrs. Caswell addressed the legislature upon the merits of anti-suffrage as she saw them, and Mrs. Simons, through the press, and public speaking, has presented from many standpoints the history, success, and possibilities of suffrage. Interest in the meeting is running high, as not all of the 1200 members are in favor of the movement which is absorbing the attention of a greater proportion of the people of the state at the present time. Mrs. Caswell chose for her subject, "Why we oppose the forcing of suffrage upon women," and Mrs. Simons addressed the audience upon "Why women should have the privilege and responsibility of the ballot." In the towns surrounding Los Angeles, suffrage organizations are being formed constantly and plans formulated for strenuous campaigns in each particular community. At Highland Park and Pasadena, sturdy associations are striking root into political soil. Along the bay, Venice, Ocean Park, Santa Monica and Sawtelle have joined together under one name—the Pacific political equality league At Huntington Beach preliminary steps toward an organization have been taken, and at Eagle Rock, Glendale and South Pasadena suffragists are marshalling their forces for cooperation with the older and wiser leagues of Los Angeles. Altogether they constitute an earnest, active family, a unit in enthusiasm and aim. That the women of Los Angeles may intelligently cast their ballotcerned, having directed the work against this pest over nearly the whole of the cotton district in that state where there is weevil affection. For this reason the penitentiary board asked his cooperation. Of the 100 acres planned as an experimental crop, thirty acres will be planted in cotton, thirty acres in corn and the remainder in alfalfa. Three varieties of corn will be cultivated also three varieties of cotton, each variety having a ten-acre plat. One of the main objects will be to see what variety of these crops is best adapted to the state farm. For some years the state has produced a very successful variety of cotton at the farm known as "Black Rattler," and this will be one of the varieties experimented with. Already there are evidences of boll weevil at the farm, and Mr. Moore doubts if the present variety of cotton is the best adapted to growth there under weevil conditions. He is of the opinion that a variety that matures earlier or at least one in which the boll "sets" at the earliest possible date will be the variety that will ultimately have to be used at the farm. This is true generally in the crusade against the weevil, explains Mr. Moore, and unless something of this sort is introduced at the farm the time may come when no variety can be raised there successfully. "While an earlier variety may not be so prolific as some varieties," said Mr. Moore, "it may come to be a question of raising an early variety or none at all." In combatting the weevil Mr.Moore recommends as the most successful method that of gathering the cotton "squares" or forms that first make their appearance and destroying them in order to get rid of the early boll weevils. It is the earliest comers that multiply with the greatest rapidity and do the greatest damage. This gathering can be done with a relatively small cost and may be the means of virtually protecting the later portions of the crop. Then the ground should be cultivated shallow with a light harrow instead of being subjected to deep plowing. "One of the greatest enemies of the weevil is the hot sun," says Mr. Moore, "and hence it is a grave mistake to cultivate the ground deep, thus covering up and keeping moist the cotton forms that fall from the stalk with weevils in them. "The cultivation should be very shallow, sufficient to keep the moisture near the surface through the cerned, having directed the work against this pest over nearly the whole of the cotton district in that state where there is weevil affection. For this reason the penitentiary board asked his cooperation. Of the 100 acres planned as an experimental crop, thirty acres will be planted in cotton, thirty acres in corn and the remainder in alfalfa. Three varieties of corn will be cultivated also three varieties of cotton, each variety having a ten-acre plat. One of the main objects will be to see what variety of these crops is best adapted to the state farm. For some years the state has produced a very successful variety of cotton at the farm known as "Black Rattler," and this will be one of the varieties experimented with. Already there are evidences of boll weevil at the farm, and Mr. Moore doubts if the present variety of cotton is the best adapted to growth there under weevil conditions. He is of the opinion that a variety that matures earlier or at least one in which the boll "sets" at the earliest possible date will be the variety that will ultimately have to be used at the farm. This is true generally in the crusade against the weevil, explains Mr. Moore, and unless something of this sort is introduced at the farm the time may come when no variety can be raised there successfully. "While an earlier variety may not be so prolific as some varieties," said Mr. Moore, "it may come to be a question of raising an early variety or none at all." In combatting the weevil Mr.Moore recommends as the most successful method that of gathering the cotton "squares" or forms that first make their appearance and destroying them in order to get rid of the early boll weevils. It is the earliest comers that multiply with the greatest rapidity and do the greatest damage. This gathering can be done with a relatively small cost and may be the means of virtually protecting the latter portions of the crop. Then the ground should be cultivated shallow with a light harrow instead of being subjected to deep plowing. "One of the greatest enemies of the weevil is the hot sun," says Mr. Moore, "and hence it is a grave mistake to cultivate the ground deep, thus covering up and keeping moist the cotton forms that fall from the stalk with weevils in them. "The cultivation should be very shallow, sufficient to keep the moisture near the surface through ean Park, Santa Monica and Sawtelle have joined together under one name—the Pacific political equality league At Huntington Beach preliminary steps toward an organization have been taken, and at Eagle Rock, Glendale and South Pasadena suffragists are marshalling their forces for cooperation with the older and wiser leagues of Los Angeles. Altogether they constitute an earnest, active family, a unit in enthusiasm and aim. That the women of Los Angeles may intelligently cast their ballot when it is finally placed in their hands by the voters of the state, the college equal suffrage league has set aside a date for a demonstration in ballot casting. Educating the teaching fraternity of a city is rather a novel departure in educational lines. However, in Los Angeles, the suffrage organizations are particularly determined that the public educators shall be efficiently informed upon the movement for the political emancipation of women. One of these meetings was held on Feb. 21st in Blanchard hall and all the teachers of the city were the guests of the College equal suffrage league, which was fortunate in its choice of speakers, Mrs. Shelly Tolhurst, ex-president of the Friday Morning club, and Mrs. A. S. Lobinger, of the political equality league. The second of these meetings was held on Feb. 25th. Seattle has proven the efficiency of the woman vote for the second time. On Feb. 22, when a primary election was held for city officials of Seattle, a larger proportion of registered women voters went to the polls and cast a ballot which will result in a clean administration for that city. The recall of Mayor Gill was the first move that women made in the Washington political field, and it was a significant move which forbodes a revolution in the Then the ground should be cultivated shallow with a light harrow instead of being subjected to deep plowing. "One of the greatest enemies of the weevil is the hot sun," says Mr. Moore, "and hence it is a grave mistake to cultivate the ground deep, thus covering up and keeping moist the cotton forms that fall from the stalk with weevils in them. "The cultivation should be very shallow, sufficient to keep the moisture near the surface through the principle of capillary attraction, but not deep enough to cover up these fallen squares. They should be allowed to stay where the sun can strike them and dry them up. This stops the food sources of the weevil and prevents multiplication. The hot sun, in fact, will serve to gradually drive the weevil out." Mr. Moore believes that with judicious seed selection, picking the varieties that mature early, and with this gathering and destruction of the early forms of the cotton, combined with shallow cultivation and wide planting where the cotton is inclined to rank growth, the danger of the boll weevil can be reduced to a minimum. "Otherwise," he says, "the encroachment of the boll weevil is a positive menace to the cotton industry of the entire south." In this connection Mr. Moore suggests the maintenance by the state of a seed farm or plot of ground segregated from the main farm on which is to be grown the best varieties of seed for planting purposes, these being judiciously bred up each year until the highest possible degree of excellence in seed itself is obtained. Proper seed means much, both in the time of maturing and in the yield of the product, he says. During the ensuing season Mr. means to defeat Santa Ana's plan to dump its sewage in the bay. Several months ago Santa Ana city trustees fathered a plan to extend the outfall to the ocean, the exit to be in the upper bay. Soon afterward Pasadena and Oakland parties filed on the tidelands and recorded their claims under a state act for the encouragement of the propagation of oysters. The first claims covered the upper bay. More recent claims cover tidalands at East Newport and Balboa. Newport from the first fought the plan. City officials are now informed that there is a federal law against dumping sewage in tidewater near oyster claims, and the officials believe that the oyster claims have effectually killed their project. Take your watch and jewelry repairing to Theo. Roberts. He does only first-class work. Dr. S. PARRETT GRADUATED Osteopathic Physician has located in ANAHEIM, and would be pleased to have any one call and consult him who is in need of treatment. As I have had 14 Years of Active Practice IN FRESNO and LOS ANGELES I treat All Forms of Diseases, and cure a large percent of those difficult cases that have been abandoned by other systems of treatment. Consultation Free. Lady Assistant Office and Treating Rooms at Residence 305 N. Lemon st., two blocks north of Post Office. Hours 8 to 12 M., and 1 to 5 P.M. PHONES: Pacific 876; Home 1173 Thursday, March 9 You must put money in the Bank now if you wish to have an easy old age. Cash grows in the Bank Ease and plenty in OLD AGE can come only from work and saving during your younger, energetic days. Do you want to be old and poor? Make Our Bank Your Bank First National Bank of Anaheim Electric Power Is The Cheap Power Because: Cost of installation is less; labor for operating is saved; less floor space is required; friction and wear and tear are reduced to a minimum; repair bills are obviated; injury to building by vibration is eliminated; there is no loss in the shafting and pulleys; no energy lost in getting started; always ready; always reliable; service is always perfect. Southern California Edison Co. Electric Power Is The Cheap Power Because: Cost of installation is less; labor for operating is saved; less floor space is required; friction and wear and tear are reduced to a minimum; repair bills are obviated; injury to building by vibration is eliminated; there is no loss in the shafting and pulleys; no energy lost in getting started; always ready; always reliable; service is always perfect. Southern California Edison Co. Nagel’s Hardware 136 E. Center St., Anaheim, Cal., handles everything in light and heavy Hardware, Garden Hose, Garden Tools, Poultry Wire, Screen Wire, Lawr Mowers, Oil Stoves, Gas Stoves, Plates and Ranges, Refrigerators. Ice Cream Freezers, Queensware, Glassware. Tinware. Graniteware, Cooking Utensils, and a full line of Paints and Oils. A. NAGEL 136 E. Center St., Anaheim, California SOMETHING NEW TO LOOK AT In our space of this paper. You are invited to call at our store and get a 50c Poultry Book and Sample Package of Conkey's Laying Tonic, Free. No matter whether you buy or not we want you to have a book. We also carry a full line of Hay, Grain, Wood, Coal, Poultry Supplies, Stock Foods, Etc. H. H. Gardner Co. 114 N. Los Angeles St. Anaheim, Cal. C. B. HALLEY, Manager. PHONES. HOME 1542 MAIN 91 W.L.KREUSCHER Plumbing, Steam and Gas Fitting W.L.KREUSCHER Plumbing, Steam and Gas Fitting Cornice and Skylights, Hot Air Furnaces Guttering of all descriptions. All Jobbing Work promptly attended to. 124 S. Los Angeles St. - Anaheim, Cal. HOME 803; PACIFIC 2541. AnaheimSanitarium Cor. Chartres and Hermine Sts. For the care of patients suffering from non-contagious diseases. School for nurses. Board of Directors S. Kraemer, President W. M. Wickett, Vice Pres't C.E. Holcomb, Secy-Treas J. L. Beebe H. A. Johnston Medical and Surgical Staff Dr. H. A. Johnston Dr. J. L. Beebe Dr. C. W. Harvey Dr. J. W. Utter Phone Main 1646 MISS. A. SLINGSLY, Supt.