anaheim-gazette 1923-08-16

OBSERVATIONS By Charles Kuchel. Here is the way a well known eastside orange grower sizes up the prospect of securing oil east of town. He says there are big wells at Richfield, gushers at Santa Fe Springs and Signal Hill, oil at Huntington Beach in good quantities, a well at Newport that has mysteriously muddled up, when a 3000 barrel producer was expected at less than 2900 feet, wells at Buena Park and Garden Grove that have been secretly abandoned, and, on top of all this, as this man figures, there is no good reason why oil cannot be secured right here on the outskirts of Anaheim. The activity that is now being shown by local men of conservative ideas gives evidence that the best efforts, upon the part of the companies who have taken over several hundred acres of land on leases, will be exerted to open up a new field here. Just what effect the striking of oil would mean to this city is now too early to contemplate, but men who have seen this city grow in the past, venture the assertion that a 5000 barrel well would light the flame of prosperity here to such an extent that would afford old-timers a great deal of astonishment, to say the least. And to a person who looks over the oil map of Orange county there is every reason to believe that the day is not far distant when people here will awaken to find themselves in the very center of proven territory. Expressions along this line are being daily heard here, and there is no harm in giving voice to these opinions and letting the people know about them. In the language of the optimist, this eastside orange grower, chance acquaintance was met. Things were getting interesting for the middle-aged couple, and they began to believe they were among dear old friends. Sight-seeing trips around the country were made and places of amusement were patronized, all being at the expense of the new found friend. The Smiths were also entertained at hotels where their meals and lodging were paid for by the agreeable friends who were delighted to make the middle-aged couple feel at home. And within a day or two still another affable friedd was met. Smith and his life-long helpmate, who had struggled along together in their northwestern home for many years, and had accumulated quite a sum of money, had really come to think they were very fortunate in having such good people so far away from their old home town. They felt secure they were guests of people whom they could trust. Then one day Smith was told how easy it would be for him to invest his money and double it. He had about $35,000. While in a receptive mood he entrusted his life savings to his new found friends. One day, while seated in a room with the men whom he had met, another rushed in, excitedly saying that they had won big on a horse race, and the man flashed a roll of bills that would choke a cow. Smith was agreeably surprised and voiced approval of the men's actions and was thinking he would soon receive his double allotment of the money—he was making 100 per cent profit in a brief space of time. He thought he was in a land of milk and honey, everything greased with a down-hill pull. Later in the day Smith was told he must return to a certain hotel in an eastern city, where the spoils of the horse race were to be divided, as things had to be kept quiet. He told his friends he could not go there because he had no money, as he United States report and other reasons not fair. Custom mailed from any sain to London can 24 hours, and the office closes the month. The statics in New York account until six the end of the most time for entries in the Pacific coast reports to be received. The printing office is done by a private tract, which work with the art. Each compilation the printer as com proof-read and corrections few hours after thieptleted the entire type. The printing armen reports, if the government p account of the vass handled by that off must be in compo print. Preferen slal printing, w session also de printing. With thi does not seem po printed United Stat statistics in detail titles, values and fore the end of th with which the dig If the month we reports on hand in fice at the end of th by the British offic able to issue th earlier, but this tries and declaratio port after that time until the next mo astonishment, to say the least. And to a person who looks over the oil map of Orange county there is every reason to believe that the day is not far distant when people here will awaken to find themselves in the very center of proven territory. Expressions along this line are being daily heard here, and there is no harm in giving voice to these opinions and letting the people know about them. In the language of the optimist, this eastside orange grower, sticks out his chest, lights a new cigar, and says: Watch Anaheim grow! —)o(— A frenzied financier, who flew high while the flying was good—with honeyed words and braggadocio—enticed the unsuspecting victims into his parlor, like the spider and the fly, but instead of eating them raw he furnished the eats, with bootleg accompaniment. Now-days some gents who never fell before, stumble for a little shot. That mellow feeling places the victim in a receptive mood for the financial melo-drama to be staged later as a curtain raiser. Serving of the hooch entree, before the piece de resistance is uncovered, acts as a go-getter and opens the way for easy inroads into some guy's confidence and pocketbook. Sometimes wild parties were the result, but who cared so long as the host was a hale fellow well met and didn't care for expenses, since it was the other fellow's jack that really was paying the freight. Judging from the large amount of moonshine in the boaster's cellar it is quite evident he intended to stay all winter, and fatten up financially, but the wires must have become crossed and the boaster blew when he got a hunch the dicks were hovering around. His flight must have been precipitated and sudden, for it seems unreasonable that a guy would leave so much throat wash behind at the prevailing prices, while the crop of easy marks showed signs of being good; and the cops gave the Vodka the Volstead. The tall goes with the hide. —)o(— An unfortunate hombre, charged with a felony, says he was given a beating in a town up the way—something along the line of the third degree. He is reported to have answered "Yes," to all the questions hurled at him; he was ready to sa yanything to stop the punishment. Besides this the fellow is suffering from a loathsome disease, so it is said. And the real culprit makes a get-a-way. The fall guy. and was thinking he would soon receive his double allotment of the money—he was making 100 per cent profit in a brief space of time. He thought he was in a land of milk and honey, everything greased with a down-hill pull. Later in the day Smith was told he must return to a certain hotel in an eastern city, where the spoils of the horse race were to be divided, as things had to be kept quiet. He told his friends he could not go there because he had no money, as he had given all the wealth that he had with him to his friends and advisers. So the leader of the gang at once drew enough money from his wallet to buy two tickets for Smith and his wife. He was told to go back at once and wait there for the big division of the quickly acquired riches. He did as he was told. He wafted ten days and when nobody showed up he became suspicious and returned to the big town up the road looking for his whloom friends. But they were no where to be found. Smith unfolded his tale of woe to the police, but it was to them the same old story. Smith had some funds left in a bank back in his old home town which he used to build a little home here, and now his opinion of affable strangers in a strange land would not look good in print. The sad, weary way. STATISTICS OF OUR FOREIGN TRADE Marked progress in the radical adjustment of statistical work of the bureau of foreign and domestic commerce made necessary by the revised classifications of imports and exports under the new tariff law and the transfer of complete control of compilation of foreign trade figures from the treasury department to the bureau of foreign and domestic commerce is reported by Dr. Julius Klein, director of the bureau. Though the bureau of foreign and domestic commerce had taken over the bureau of statistics of the treasury department in 1912 it was not until January 1, 1923, that full jurisdiction over the collection and dissemination of import and export figures was handed over to the bureau of foreign and domestic commerce. Just prior to that time the Fordney-McCumber tariff act had necessitated the complete revision of import and export classifications, with an increase of 40 per cent in the number of import items and of 70 per cent in the items of export. These changes, and radical alterations statistics in detail titles, values and foredeck on the end of which with which do they report on hand in fice at the end of th by the British office able to issue their earlier, but this w tries and declarative port after that time until the next month been considered re not approved because reports would fail virtual trade during t SAFEGUARDING An additional assia investors and purchase of securities brokers' agents is amended to that act passed by an ad Commission of M. Daugherty. The vides for the filings by each broker "a an application for cate." The amendment tive on August 17, all applications fileificates on that o must be accompany sufficient bond for state of California by said applicant, surety company, or by commission. The bond is to b faithful compilations of the law by all agents repres shall provide that ply, the broker shi and all persons who reason thereof. On and after Au defrauds a client securities, he may dor his bond. Lik is defrauded through broker's agent, th esponsible and th collect on the bond. This amendment of the legislature vote. It was th ofthe members o state senate that i fof securities, defraud and their agents, al course to th possi An unfortunate hombre, charged with a felony, says he was given a beating in a town up the way—something along the line of the third degree. He is reported to have answered "Yes," to all the questions hurled at him; he was ready to sa yanything to stop the punishment. Besides this the fellow is suffering from a loathsome disease, so it is said. And the real culprit makes a get-a-way. The fall guy. Two men who have been making secret trips out into the mountains to the east of here come back with thrilling tales of having something good in the mineral line. They tell their friends to just wait and they will hear all about it, and while the find may not cause a stampede, there might be a rush. Sitting on the moon. A man and his wife, both past middle age, came here a short while ago, and are now living quietly in a modest little cottage. Before arriving in this city they stopped in a big town up the road. While walking along on a busy street, an affable stranger approached them, asking if their name was Mr. and Mrs. So-and-So. They replied in the negative, saying their name was "Smith," from such-and-such a place. Not caring to divulge their true name for this narrative they will be called Smith. Leaving their congenial friends, the Smiths walked along and presently another affable stranger was met, who called them by name and mentioned the old home town from whence they came. It was like sitting a long lost brother, to those two middle-aged people who were in a strange land. Mutual conversation followed and the affable friend volunteered to show the visitors the town. Presently another pariment in 1912 it was not until January 1, 1923, that full jurisdiction over the collection and dissemination of import and export figures was handed over to the bureau of foreign and domestic commerce. Just prior to that time the Fordney-McCumber tariff act had necessitated the complete revision of import and export classifications, with an increase of 40 per cent in the number of import items and of 70 per cent in the items of export. These changes, and radical alterations in the method of assessing and reporting valuations, temporarily demoralized the collection of statistics, and consequently delayed the publication of figures. Preliminary total values will be available about the thirteenth of the month following that to which the figures relate. Figures by articles and countries will be completed about the 20th and photostat copies will be obtainable on that date by trade paper correspondents and others interested in statistics for special trades. Copy for the published tables fill be in the hands of the printer on the 25th. The analysis of imports and exports by great groups will be released to the press about the 28th. Total values by grand divisions and countries will be ready about the end of the month. By special arrangement with the government printer it is hoped to have Part I of the monthly summary—Imports and Exports by Articles and Countries—in print and available for distribution a few days after the close of the month covered. The foreign trade statistics of the bureau of foreign and domestic commerce have been criticised on the ground that the British reports are available in printed form around the middle of the month following the one to which they relate, while at least five weeks were required to print the Things the mid-19th century found entering and being found in the London office on the last working day of the month. The section of customs statics in New York can not close its account until six or seven days after the end of the month, in order to give time for entries and declarations from the Pacific coast and other distant ports to be received. The printing of the British reports is done by a private firm under contract, which works in close co-operation with the statistical compilers. Each compilation sheet is sent to the printer as completed, set up and proof-read and corrected, and within a few hours after the last sheet is completed the entire publication is in type. The printing of American government reports, is, by law, done by the government printing office. On account of the vast volume of printing handled by that office every statement must be in complete form when sent to print. Preference given to congressional printing, when congress is in session also delays departmental printing. With these limitations, it does not seem possible to issue the printed United States foreign trade statistics in detail by articles, quantities, values and countries much before the end of the month after that with which the figures are concerned. If the month were closed with the reports on hand in the New York office at the end of the month, as is done by the British office, it would be possible to issue the statistics a week earlier, but this would mean that entries and declarations mailed from any port after that time would be held over until the next month. That plan has United States reports. For geographic and other reasons this comparison is not fair. Custom house documents mailed from any part of Great Britain to London can be received within 24 hours, and the British statistical office closes the monthly accounts with the reports on hand in the London office on the last working day of the month. The section of customs statics in New York can not close its account until six or seven days after the end of the month, in order to give time for entries and declarations from the Pacific coast and other distant ports to be received. The printing of the British reports is done by a private firm under contract, which works in close co-operation with the statistical compilers. Each compilation sheet is sent to the printer as completed, set up and proof-read and corrected, and within a few hours after the last sheet is completed the entire publication is in type. The printing of American government reports, is, by law, done by the government printing office. On account of the vast volume of printing handled by that office every statement must be in complete form when sent to print. Preference given to congressional printing, when congress is in session also delays departmental printing. With these limitations, it does not seem possible to issue the printed United States foreign trade statistics in detail by articles, quantities, values and countries much before the end of the month after that with which the figures are concerned. If the month were closed with the reports on hand in the New York office at the end of the month, as is done by the British office, it would be possible to issue the statistics a week earlier, but this would mean that entries and declarations mailed from any port after that time would be held over until the next month. That plan has SAFEGUARDING INVESTORS An additional safeguard to California investors and for dealings in the purchase of securities with brokers or brokers' agents is made possible by an amendment to the corporate securities act passed by the 1923 legislature, according to an announcement made by Commission of Corporations Edwin M. Daugherty. This amendment provides for the filing of a bond of $5000 by each broker "at the time of filing an application for a broker's certificate." The amendment will become effective on August 17, and it is held that all applications filed for brokers' certificates on that day and thereafter must be accompanied by "a good and sufficient bond for $5000 payable to the state of California to be executed by said applicant, together with a surety company, and to be approved by the commissioner of corporations." The bond is to be conditioned upon the faithful compliance with the provisions of the law by the broker and by all agents representing him and it shall provide that, upon failure to comply, the broker shall be liable to any and all persons who may suffer loss by reason thereof. On and after August 17, if a broker defrauds a client in the sale of any securities, he may be held liable under his bond. Likewise, if the client is defrauded through an act of the broker's agent, the broker is held responsible and the injured client may collect on the bond. This amendment passed both houses of the legislature without a dissenting vote. It was the unanimous decision o the members of the assembly and state senate that innocent purchasers of securities, defrauded by brokers and their agents, should have some recourse to the possibility for the recoveries in detail by articles, quantities, values and countries much before the end of the month after that with which the figures are concerned. If the month were closed with the reports on hand in the New York office at the end of the month, as is done by the British office, it would be possible to issue the statistics a week earlier, but this would mean that entries and declarations mailed from any port after that time would be held over until the next month. That plan has been considered repeatedly, but was not approved because the published reports would fail to represent the actual trade during the period covered. It is also suggested that where children are riding in a car, that the parents keep them from thrusting their hands and arms outside because then it appears that they are giving signals for a turn o ra sudden stop, which results in great confusion to other motorists using the boulevards. Ask the children to keep their hands and arms inside the car. The lives of little children are endangered by these practices, as well as those of the grown-ups, and it is for their welfare that this suggestion is made by the auto club. NEW BUCKETSHOP ACT California's new bucketshop act, passed by the recent legislature, will go into effect on August 17. "This new law will prohibit bucket-lift and bucket-shopping in the state," declared Commissioner of Corporations Daugherty, "and will strengthen the effectiveness of the corporate securities act and the state corporation department in supervision over brokers and others dealing in securities." Under the new law, it is the duty of every broker or person making contracts as a broker or agent for the purchase or sale of securities or commodities on any board of trade or exchange to cause to be kept at his office or place of business permanent records or books of account showing each transaction. The failure to keep such records shall be prima facie evidence that any such contract was bucketing or bucket-shopping. These records shall be, at all times, open to the inspection of the commissioner of corporations. Heretofore, brokers selling securities in California have not been required under any state law to keep records or books although there is a provision in a federal statute requiring such accounts to be kept. der his bond. Likewise, if the client is defrauded through an act of the broker's agent, the broker is held responsible and the injured client may collect on the bond. This amendment passed both houses of the legislature without a dissenting vote. It was the unanimous decision of the members of the assembly and state senate that innocent purchasers of securities, defrauded by brokers and their agents, should have some recourse to the possibility for the recovery of their money. Under this amendment, if the crooked broker defrauded a widow of the insurance left to her or an aged couple of their life savings or robs a sick or injured veteran or other person action may be brought against his bond to recover the amount of said loss. Commissioner Daugherty declared that, in his opinion, this amendment is one of the most important in relation to blue sky legislation since the enactment of California's original blue sky law. It will give to the confiding investor a chance to recover the money of which he has been defrauded and it also will act as an effective deterrent to those brokers and agents who are inclined to leave their conscience behind when taking money away from people in the sale of worthless securities or in selling securities beyond their legitimate value. The provision referred to reads in full as follows: "At the time of filing an application for a broker's certificate, the applicant shall deliver to the commissioner of corporations, a good and sufficient bond for five thousand dollars, payable to the state of California, to be executed by said applicant, together with a surety company, and to be approved by the commissioner of corporations. Said bond shall be condi- each transaction. The failure to keep such records shall be prima facie evidence that any such contract was bucketing or bucket-shopping. These records shall be, at all times, open to the inspection of the commissioner of corporations. Heretofore, brokers selling securities in California have not been required under any state law to keep records or books although there is a provision in a federal statute requiring such accounts to be kept. One of the devices of the fraudulent operator to prevent the tracing of his crooked deals has been the failure to keep books or accounts. When examinations were made or reports called for, no trace could be obtained of operations alleged to be shady or crooked. It is also provided that upon the written demand of a customer or principal for whom such persons has executed any order for the purchase or sale of securities or commodities, a written statement shall be furnished showing the name of the person from whom the property was bought, or to whom it was sold, and the time, place and price. The refusal to furnish such statement within 48 hours after demand shall be prima facie evidence that the transaction was bucketing or bucket-shopping." The legislature, in passing the bucket-shop act, put "teeth" in it by providing that persons who are making or offering to make any contract prohibited by the act or who shall be the keeper of a bucket-shop shall be guilty of a felony, and, if a corporation be punished by fine of not less than $1000 nor more than $5000 for each offense, and all other persons shall be punished by imprisonment in the state prison for not more than 5 years or by a fine of not less than $1000 nor more than $5000 or by both, for each offense." Commissioner Daugherty, through as served notice are operating have been bucketoses to proceed even in the act, to utilize the mation department of bucket-shops, bucketing opera- OF PAPER MONEY in the course of Ford's proposiment issue pathe people (esto the extent of one of his ecoto the "prosunder paper press disputed was prosperest downfall its complete a program was come true. Gervolume amountof dollars, is toless. Confidence isappearing raam among the peoric example and those misguided lighting the gold resent financial hurging the peonment and the paper money, is based on naacquisition, and who believe reared by governed to them by perishable agequipment study care. hardship on the wayside vegetable shrine, it is pointed out that arrangements should be made so that purchasers may stop without blocking the highway. All sorts of small stands are springing up along southern California roads, and some of them are built so that their displayed wares are so close to the boulevard that motorists cannot stop to make purchases without blocking traffic. In some instances on the main travelled highway, serious accidents have occurred because motoring parties suddenly decide to stop and buy cucumbers or lettuce or something and failed to give any signal of such intention. In other cases, motor travel is deflected so that it must pass out into the nearby fields in order to get around the traffic jam in front of the fruit stands. It is suggested that such stands be so constructed as to provide ample parking space in front of them, thus eliminating the danger of blocking the highway. The new motor vehicle act, which goes into effect September 1, provides that no driver shall allow his vehicle to stand on a travelled highway outside of any business section where it is possible to move it off the road. He cannot park his car on the highway at all unless there is fifteen feet of clearance on the other side of it. Practically every county in the southern part of California is affected by the present congestion of motor vehicles, points out the auto club, and the attention of all motorists is called to the seriousness of the condition arising from blocking the highways in front of boulevard vegetable and flower booths. PATRIOTIC CREED FOR ALL LOYAL AMERICANS of birth or circumstances. I love my country because women are honored and respected. I love my country because it respects labor and holds the drone in disfavor. I love my country because of its free public schools and because it extends the rights and privileges of native citizens to all who obey the laws, and interferes with no man's religion. I love my country because I can live my own life, where no man is good enough to govern another man without that other man's consent. I love my country because it reverses the memory of those who sacrificed unto death that she might live, and does not forget to honor those who survived the carnage of war in defense of my country and her flag, which I also stand ready to defend, with my life if need be. FANTASY Sometimes I feel, when the day is over And the last of my little tasks finished and done. Were I a man I'd be a rover Along with the wind and the friendly sun. To the brooding hills when the dusk is falling In the desert's magic when the day is done. Ever I'd hear a far voice calling Me and the wind and the friendly sun. Then if the years they came would shatter The dreams I had cherished—one by one. Perhaps I could laugh and it would not matter For I'd have the wind and the friend- PATRIOTIC CREED FOR ALL LOYAL AMERICANS I am an American, and love my country. I love my country because it is opposed to tyranny and unjust privilege. I love my country because it is a representative republic, where the people govern themselves. I love my country because it is governed by laws, and not by official favor. I love my country because it stands for honorable peace and has no desire to annex other lands or territory by conquest. I love my country because it asks for itself nothing that it would not ask for all humanity. I love my country because it is the land of opportunity for all, regardless In the desert's magic when the day is done, Ever I'd hear a far voice calling Me and the wind and the friendly sun. Then if the years they came would shatter The dreams I had cherished—one by one, Perhaps I could laugh and it would not matter For I'd have the wind and the friendly sun. I wistfully hope that when it's all ended And life's last day its course has run With the aches and hurts all healed and mended I'll quest with the wind and friendly sun. OUR LOYAL NEGROES It is worth noting, now and then, that the negro people of this country never have to be taught Americanism. You can't have much sense without a sense of humor. IT BAKES EVENLY The last word in Gas Ranges The Roper Gas Range is made to conform with the most modern engineering specifications and its burners are proven to consume the least amount of gas. It has the original "fresh air" ventilated oven. It bakes most evenly, retaining maximum food values; by minimizing the evaporation of moisture. It is fully or semi-enameled in pearl gray or snow white. Equipped with or without the oven heat control and automatic lighter! Roper Range to Fit Any Kitchen See our full display today at SOUTHERN COUNTY GAS COMPANY Distributors of Standard Gas Appliances GAS RANGES - HUMPHREY RADIANTFIRES - GAS WATER E. CENTER ST. LIBERAL TERMS HEAT LIGHT POWER