anaheim-gazette 1924-05-01

TIGHTENING THE REINS ON CROOKED SALESMEN State Corporation Department is Getting More Active As a direct result of the conviction of Jesse Jacques Elseman and his associates in the defunct Bankers Mortgage and Discount Company by a jury in San Francisco last Saturday night, there will be ageneral tightening up in the handling of such concerns by the State Corporation Department. This statement was made by Commissioner of Corporation, Edwin M. Daugherty in commenting on the so-called Elseman case. This will not be confined to companies operating in the state, but will affect those companies that seek to evade the Corporate Securities Act by going outside California to issue securities, which later are brought into California and sold to unsuspecting investors. The Bankers Mortgage and Discount Company was organized in the State of Nevada, it sold a so-called debenture note of $100 face value and stock of $100 par value in uolts of one debenture bond and two shares of stock for $300. Through the manipulations of the company and its subsidiaries the promoters depleted the assets behind the securities with a face value of $300 to less than $100. These promoters then made it their specific business to work upon the so-called "sucker" class, and sold something under a million dollars worth of securities in California, in defiance of the State Corporation Department and the laws of the State of California. So far as the records of the State Corporation Department disclose in no criminal case in the history of California have a group of designing Carolina perhaps excepted. "A small vote means government by those organized minorities that will muster their strength at the polls. It means government by rings and factions, rather than government by the people. It means in many instances the selection of nominees for their skill in mudeling rather than for their brains and initiative. It means, furthermore, that the standard of responsibility in office inevitably is lowered where executive and legislators know they can be reelected by their own compact following or by the machine with which they are affiliated, regardless of the general public. It may even mean the substitution of government by the least intelligent for government by the ablest. It implies the ultimate breakdown of representative government and the failure of democracy. "It is useless to attribute the smallness of the vote to apathy or to indifference. They are effects, not causes. The basic trouble is that qualification under the Virginia constitution involves more than the average Virginia voter—or the average voter in any state—is willing to do in the absence of the urge of bipartisan conflict. Plainly put, in seeking to prevent the rule of the whites by excluding the negroes, Virginia has fastened upon herself the rule of a minority of the whites. In disfranchising the negroes she has led tens of thousands of whites to disfranchise themselves. "This leads directly to a question: Virginians do not often care to ask and to answer: Is the complete disfranchisement of the negro worth what it has cost? Nobody, of course, advocates a return to universal suffrage for all persons over 21 years of age, for that would mean in some counties that negro voters would be in" The prime purpury contained in being safety, that these reserves should principles of saving oil for these future of saving public expenditure. The and dollars has to The oil that is government control brought under treasured not for especially in these but for its emergence future date. The serves is not to be inadequate approvals, but to be obviously this per reiterates the order not be carried intocept with the app and by the approved funds. Consider needed to provide for emergency or more funds to purchase those tanks, and test and develop reserves. (Without ing reserves can not properly protected nor fillment of their) Whatever may litigation now perturbation of which ment agencies and President's Comm base its immediate for administrative broad principle of Navy as much as Navy's oil reserve need is most urgent difficult technical studied, relating ment's requirement motors depleted the assets behind the securities with a face value of $300 to less than $100. These promoters then made it their specific business to work upon the so-called "sucker" class, and sold something under a million dollars worth of securities in California, in defiance of the State Corporation Department and the laws of the State of California. So far as the records of the State Corporation Department disclose in no criminal case in the history of California have a group of designing stock jobbers so brazenly violated the laws of the state and resorted to so many mis-statements designed to be cloud the issue during the two trials. Practically no trick or device was left untried. "The conviction of these men as individuals affords no gratification; but it is most gratifying to observe the public condemnation of their iniquitous plan of business." said Commissioner Daugherty. "This conviction, won after two long drawn out trials and virtually a battle to the finish, should serve as a warning to other brokers and promoters, either crooked or heedless of the value of the securities they offer. These gentry, who prey upon the weak and unsuspecting, the widow, the aged and the credulous, may do well to consider the responsibility that rests upon them. "Eiseman and his associates resorted to all sorts of political pressure to halt the work of the Corporation Department following upon his devious trial. Abrams won a victory over the department upon a technicality more than a year ago. Abrams and Eiseman, flushed with victory and combining forces, went to the bedside of the aged and sick, into the homes of the ususpecting in a planned campaign of stock juggling. "The result of their law-breaking and looting of innocent victims is the verdict of guilty—the jury having passed judgment after hearing all the evidence. "The lesson of this hard-won verdict is that stock jobbers and manipulating promoters can be convicted when they violate the laws, and the State Corporation Department is determined more than ever to assist in the prosecution of those guilty of such offenses. It is the purpose of the department to assist legitimate business by making it extra hazardous for the illigitimate kind to operate." PARALYZING EFFECT OF DISFRANCHISMENT SYSTEM The President's Commission on Oil Reserves has organized with George Otis Smith as chairman, and Lt. Commander M. C. Robertson has been assigned by the Secretary of the Navy to serve the Commission as its secretary. After calling on President Coolidge on Wednesday the Commission issued the following statement: The policy under which the President's Commission on Oil Reserves has been appointed and under which it approaches its task is the definite policy of conservation in aid of national security. The present is a period of overproduction of oil, but an approaching shortage of American oil can be surely forecast, for consumption is rapidly increasing and already production has begun to drop from the high figures of last year. American wills can not long continue to supply the bulk of the world's needs. Conservation measures are the part of wisdom; practices that will make for thrift in the use of oil may well be adopted by many industries and the general public, but the plan of reserving oil for use in national defense even more insistently demands public approval. The President's Commission regards the needs of the Navy as fundamental to the whites. In disfranchising the negroes she has led tens of thousands of whites to disfranchise themselves. "This leads directly to a question. Virginians do not often care to ask and to answer: Is the complete disfranchisement of the negro worth what it has cost? Nobody, of course, advocates a return to universal suffrage for all persons over 21 years of age, for that would mean in some counties that negro voters would be in the majority. But in protecting these counties is it necessary to set a cheaux des frises of qualifications that impale nearly half the whites in the state? To return to the Richmond figures, is it worth while to produce a condition under which less than half the registered voters participate in the primary, and less than five per cent of the population decides the outcome — is it worth while to produce this condition in order to be sure that virtually no negroes vote? May it not be possible to eliminate half the qualifications, to enfranchise the actual majority of the whites and still to keep all undesirables from voting?" COMMISSION ON OIL RESERVES The President's Commission on Oil Reserves has organized with George Otis Smith as chairman, and Lt. Commander M. C. Robertson has been assigned by the Secretary of the Navy to serve the Commission as its secretary. After calling on President Coolidge on Wednesday the Commission issued the following statement: The policy under which the President's Commission on Oil Reserves has been appointed and under which it approaches its task is the definite policy of conservation in aid of national security. The present is a period of overproduction of oil, but an approaching shortage of American oil can be surely forecast, for consumption is rapidly increasing and already production has begun to drop from the high figures of last year. American wills can not long continue to supply the bulk of the world's needs. Conservation measures are the part of wisdom; practices that will make for thrift in the use of oil may well be adopted by many industries and the general public, but the plan of reserving oil for use in national defense even more insistently demands public approval. The President's Commission regards the needs of the Navy as fundamental to whites. In disfranchising the negroes she has led tens of thousands of whites to disfranchise themselves. "This leads directly to a question. Virginians do not often care to ask and to answer: Is the complete disfranchisement of the negroes worth what it has cost? Nobody, of course, advocates a return to universal suffrage for all persons over 21 years of age, for that would mean in some counties that negro voters would be in the majority. But in protecting these counties is it necessary to set a cheaux des frises of qualifications that impale nearly half the whites in the state? To return to the Richmond figures, is it worth while to produce a condition under which less than half the registered voters participate in the primary, and less than five per cent of the population decides the outcome — is it worthwhile to produce this condition in order to be sure that virtually no negroes vote? May it not be possible to eliminate half the qualifications, to enfranchise the actual majority of the whites and still to keep all undesirables from voting?" PARALYZING EFFECT OF DISFRANCHISEMENT SYSTEM The National Republican has often referred to the deplorable effect on politics and public affairs in the solid south of the system of wholesale disfranchisement which, carried on ostensibly to eliminate the negro from politics, actually disfranchises many thousands more white men and women than black. The Richmond News-Leader, one of the principal Democratic newspapers of the South, comments on the fact that the total number of registered voters in Richmond preliminary to a recent city primary, was less than 40,000 in a total white vote of more than 60,000 and that only about 15,000 voted in the primaries, with an even smaller number participating in the elections. The largest vote ever cast in Richmond was less than 20,000 or one third the eligible white vote. The News-Leader continues: "What is true of Richmond is true in varying degrees of the other sections of Virginia. The vote in the primary seldom goes above 155,000 and in the general election ranges from 200,000 to 230,000. In contrast, Minnesota, which has a population about as large as that of the Old Dominion, will count 660,000 votes in a close race. What is true of Virginia is true in the main, of the other states of the South Atlantic seaboard, North begun to drop from the high figures of last year. American wills can not long continue to supply the bulk of the world's needs. Conservation measures are the part of wisdom; practices that will make for thrift in the use of oil may well be adopted by many industries and the general public, but the plan of reserving oil for use in national defense even more insistently demands public approval. The President's Commission regards the needs of the Navy as fundamental to its study of the situation but, at the same time, fully appreciates the broader aspect as to the whole question of national security and prosperity. The Navy itself is a national insurance policy and adequate reserves of the best fuel for the Navy form an indispensable part of this provision for the national security. The naval oil reserves were created with the declared purpose that the Government retain ownership of as large tracts of oil lands as could be then found, so as to provide for any future needs of the Navy. The original intent, declared in a time of plenty, was to store oil where nature placed it against the time when oil in the quantities then needed could not be had through the ordinary trade channels. This purpose was later reiterated by the General Board of the Navy in its study of national defense by recommending "the purchase of all oil for the Navy's needs as long as it is possible to do so, thus deferring the tapping of the Navy's reserve until the last moment." When the time comes that American industry and commerce are forced to depend in large part upon foreign oil, the American Navy, as well as other arms of national defense, should have its reserves of American oil to fall back upon. Any other poll- apart man joined maldens came across the peaceful wharf at San they met, greeted their future husband. "They are a very prolific people, indeed being about three years it is in the average hold. If this rapid on yonder in Hawaii fully estimated, by native born in Hawaii the voting population I am standing here friends from Pennsylvania not to even as the parade the Hawaiian Island Japanized. What wall will occur in the coming of bridge rate there, due to and due to the quotation it is purposed to through the Senate. "After agrest day and protest, the ment was persuaded picture-bride process sands were here them was contrary ing entered into here and marrying came common label. "The Japanese ever, and then, such of man, such the people, they hit up which they could men, and that place today: The Japan to Japan. He is ad ed to do so for the getting a wife. there was limited which time it w ANAHEIM GAZETTE y would endanger national security. The prime purpose in retaining the oil contained in the naval reserves being safety, the administration of these reserves should be animated by principles of saving publicly owned oil for these future needs rather than of saving public funds from present expenditure. The choice between oil and dollars has to be made. The oil that now remains under government control, or that can be brought under such control, must be treasured not for its market value, especially in these days of low prices, but for its emergency value at some future date. The oil in the naval reserves is not to be used to supplement inadequate appropriations for current needs, but to be held for future needs Obviously, this policy, which simply reiterates the original purpose, cannot be carried into full execution except with the approval of Congress and by the appropriation of the needed funds. Considerable funds will be needed to provide adequate tankage for emergency needs, considerable more funds to purchase oil to fill those tanks, and still more funds to test and develop possible additional reserves. Without money the existing reserves can neither be adequately protected nor fully utilized in fulfillment of their true purpose. Whatever may be the outcome of litigation now pending, in the prosecution of which the several Government agencies are cooperating, the President's Commission intends to base its immediate recommendations for administrative action upon the broad principle of preserving for the Navy as much as possible of the Navy's oil reserves until the Navy's need is most urgent. Many and difficult technical questions must be studied, relating both to the government's requirements and to the ade- could find, woo, and win a bride. The time was extended to 90 days, so that now hundreds of thousands of them who are here return to Japan, take unto themselves wives, and then, under a wrong interpretation of this understanding, return to America with their wives, and let nature take her course. "Under the guise of students hundreds and thousands of Japanese have come into California and other States along the Pacific coast—not, as students—but there being no adequate law governing their status, they turn at once into common laborers in our fields. "Under the guise of merchants they come, and arriving as such—on paper immediately enter into the industrial fields of labor. "The upshot of the matter was, and is, that whereas this agreement contemplated a falling off of population it has steadily increased." MESSENGER TO MASTER American youths who try to keep in touch with current events will do well to divert their attention from the hearsay testimony of muckrakers long enough to read the story of the rise of Patrick E. Crowley to the Presidency of the New York Central Railroad. It is a story that should be an encouragement and an inspiration to any boy who aspires to a life of usefulness, honor and reasonable remuneration. It is a story of humble beginnings, of hard and faithful work, of constant preparation for higher service. And it is a typical American story. Taking his first job as a messenger at $5 per month—in days when that was considered a fair wage for a boy messenger — Crowley learned telegraphy instead of spending his spare SHORTRIDGE AND THE JAPS That Japan has persistently violated the "Gentlemen's agreement" for the restriction of Japanese immigration and that Hawaii is about to be Japanized, were assertions made by Senator Shortridge of California in an extended discussion of the immigration bill. On this phase of the subject Senator Shortridge said in part: "That agreement never contemplated that there should be brought into this country hundreds of thousands of Japanese women, known as picture brides. They came in thousands. The young and valiant Japanese laborer, in San Joaquin county, California, yearning to perpetuate himself sought a fair maiden in Japan under the cherry blossoms. He did not go there. Cupid never drew him across the Pacific to woo her in the moonlight. Far from it. He was cultivating asparagus or potatoes in the fertile fields of what we term 'The Delta.' But he sent her the photograph of his classic features, and received in return photographs from the fair maidens from Japan, and thus, avoiding the distress of the expense of travel, what heaven had put apart man joined together; for the maidens came in their kimonos across the peaceful Pacific, landed on the wharf at San Francisco, where they met, greeted, and embraced by their future husbands. "They are a very fertile and very prolific people, indeed, the birth rate being about three to four times what it is in the average American household. If this rapid birth increase goes on yonder in Hawaii, it has been carefully estimated, by 1940 the Japanese litigation now pending, in the prosecution of which the several Government agencies are cooperating, the President's Commission intends to base its immediate recommendations for administrative action upon the broad principle of preserving for the Navy as much as possible of the Navy's oil reserves until the Navy's need is most urgent. Many and difficult technical questions must be studied, relating both to the government's requirements and to the adequacy of present reserves. It is realized also that the oil problem of the future involves far more than the naval needs alone, as the national defense includes provision for war industries, sea-borne transport, and army movements—all the activities, in fact, of a mobilized nation." Big Pay Jobs OPEN IN Los Angeles for auto mechanics, electricians, etc., earn $40 to $125 week. Learn auto trades. Short, easy, practical course. We guarantee to qualify you. Earn room and board while learning. FREE 84-page illustrated catalogue explains everything. Write Dept. 145 NATIONAL AUTOMOTIVE SCHOOL 4004 So. Figueroa, Los Angeles. PUBLIC SALES We have purchased 122,000 pair U. S. Army Munson last shoes, sizes 5 1-2 to 12 which was the entire surplus stock of one of the largest U. S. Government shoe contractors. This shoe is guaranteed one hundred per cent solid leather, color apart man joined together; for the maidens came in their kimonos across the peaceful Pacific, landed on the wharf at San Francisco, where they met, greeted, and embraced by their future husbands. "They are a very fertile and very prolific people, indeed, the birth rate being about three to four times what it is in the average American household. If this rapid birth increase goes on yonder in Hawaii, it has been carefully estimated, by 1940 the Japanese native born in Hawaii will control in the voting population of those islands. I am standing here, along with other men, asking the Senate and my friends from the great State of Pennsylvania not to Japanize California, even as the paradise of the Pacific, the Hawaiian Islands, have been Japanized. What has occurred in Hawaii will occur in California, due to the coming of brides, due to the birth rate there, due to the smuggling in, and due to the quota allowance which it is purposed to engraft into law through the Senate committee bill. "After agreat deal of opposition and protest, the Japanese Government was persuaded to check this picture-bride process. But many thousands were here. The sending of them was contrary to the understanding entered into, because, arriving here and marrying, they at once became common laborers in the fields. "The Japanese stopped that, however, and then, such is the ingenuity of man, such the cleverness of some people, they hit-upon another plan by which they could bring in their women, and that plan was this, is this today: The Japanese here returns to Japan. He is aided and encouraged to do so for the purpose of there getting a wife. At first their stay there was limited to 30 days, in which time it was supposed they dent, began as a member of a construction gang; Smith, who preceded Crowley at the head of the New York Central began as a messenger; Grey o'fthe Union Pacific began as a telegrapher; Markham of the Illinois Central swung a pick and shovel; Pennington of the Minneapolis, St. Paul and Sault St. Marie began as a warehouseman; Holden of the Chicago, Burlington and Quincy worked up through the legal department of his road. But the record of success attained by personal effort is by no means confined to men who chose railroading as their careers. Neither is the record of success confined entirely to those who started under adverse circumstances. Gary of United States while Schwab of the Bethlehem Steel did not. Similar stories are disclosed by the records of thousands of men who have attained marked success in local rather than National enterprise. They are disclosed in the records of men who have chosen public life as a career. The White House was not closed to the farmer boy of Ohio nor the farmer boy of Vermont, nor will it be closed to any other farmer boy who has the talent and the will and the strength to win the confidence of the American people. The future offers ample rewards for builders; it holds only ignominy for destroyers. BUILT TO ORDER "What's the matter with Smith? Got lumbago or spinal curvature or something?" "No; he has to walk that way to fit some shirts his wife made for him." A man is no more successful than his digestion." Professional Cards OFFICE PHONES HOME 753-1 SUNSET 341-J. Residence, 887 S Los Angeles St. RESIDENCE PHONES PACIFIC 341-M HOME 753-2 J. W. TRUXAW, M. D PHYSICIAN AND SURGEON HOURS 11-12; 2-4; 7-8 GOLDEN STATE BANK BLDG. Cor. Center and Los Angeles Sta. ANAHEIM, CAL. JOHNSTON-WICKETT CLINIC ANAHEIM, CALIFORNIA HOURS 8:00 A.M. 5:00 P.M. Dr.B. Franklin Badgley Scientific Chiropractor Dietitian Iridiagnostician "Diagnosis of disease from the eye." Grad. in Chiropractic, Naturopathy Dietetics, Hyrotheraphy, Iridiagnosis and Natural Therapies. Five years experience in successful practice in east. Sam Kraemer Bldg. 222 East Center Street Annaheim, Calif. Phone 1128 PHONE 784-J. Dr. W.W. Adams J. H. COLE, M. D. PHYSICIAN AND SURGEON Diseases of the Eye and Fitting of Glasses a Specialty 312-313 First National Bank Bldg. Tel. Office Home Phone 644-J 644-M Anaheim, California M.Eugene Durfee ARCHITECT Room 5, Cassou Bldg. Phone 692 Anaheim J.C.Osher,D.D.S.,M.D PHYSICIAN AND SURGEON EYE, EAR, NOSE AND THROAT—ORAL SURGERY—GLASSES FITTED SUITE 1 CENTRAL BLDG PHONE SUNSET 337 Building and Loan Fire and Compensation Insurance FRANK TAUSCH Dietetics, Hyrotheraphy, Iridiagnosis and Natural Therapistics. Five years experience in successful practice in east. Sam Kraemer Bldg. 222 East Center Street Anaheim, Calif. Phone 1128 PHONE 784-J. Dr. W.W. Adams THE OSTEOPATH Has opened office again and will be glad to meet all of his old friends, and as many new ones as he can at 220 North Olive Street, ANAHEIM, CALIF. When a woman says, "My husband doesn't care a thing about cards," it means he doesn't care a thing about the kind of cards women play. PHONE SUNSET 337 Building and Loan Fire and Compensation Insurance FRANK TAUSCH 111 N. Los Angeles St OFFICE PHONE 46 RES. 342-W DR. CHAS S. O'TOOLE PHYSICIAN AND SURGEON Rooms 206-207 First National Bank Building Anaheim, California Hours: 10-11; 1-4; 7-8 Office 333-J Residence 333-M SCHNEIDER'S MARKET 131 West Center Street We buy and sell only A-No. 1 Steer Beef, Milk Lamb, Milk Veal, Young Pork. All No. 1 meats have ono-third more food value than cheaper grades. Watch for our Saturday Specials. Phone 20 We Deliver "Better Service" It is our endeavor to render "Better Service" to our patrons with the aid of our Plan Book Service. Built in Fixtures, Dust Proof Finish Sheds. Adams - Bowers Lumber Co. "BETTER SERVICE" H. M. Adams A. C. Bowers E. L. Bowers SALES 122,000 pair U. shoes, sizes 5-12 entire surplus gest U. S. Govors. Adams - Bowers Lumber Co. "BETTER SERVICE" H. M. Adams A. C. Bowers E. L. Bowers Good Place to Buy— G-O-O-D L-U-M-B-E-R GANAHL-GRIM LUMBER CO. Anaheim: : : : Cal Try Us When You Want Job Work ANAHEIM FEED and FUEL CO. 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