anaheim-gazette 1924-12-04

THE CONSTITUTION Ten years ago the red tide of war burst its bounds and overwhelmed a dazed and incredulous world. Before the devastating flood had run its course, ten million young lives had been sacrificed and 250 billions of treasure had been swept into oblivion. The effects of the devastation will be felt five hundred years from today. Not more than a handful of men on either side of the Atlantic had so much as suspected that a world conflict was imminent. Almost everybody had proved to his entire satisfaction that such a thing was impossible. Yet the sequel proved it was not impossible Despite all demonstrations to the contrary, the war came. Consider another world event. Less than ten years ago the Russian march was overthrown. Following successive changes the country eventually fell under control of a proletarian dictatorship. Russia now present and for many years has presented, spectacle of ruin, outrage and humiliation such as the world has rarely witnessed. It is another thing everyone knew could not happen. And so it goes. We all knew the German revolution was impossible. We all knew the Italian Facist regime was impossible. We all knew the Socialist ascendancy in England was impossible. We all knew there could be no such a thing as a Spanish dictatorship. Yet, each and every one of those things has come to pass. Let us take another step. Right now—today—the forces of disintegration are at work in this country. The Communist, the parlor Socialist, the apostle of sovietism, the disciple proletarian ascendancy are instilling their poison into the minds of the people on a small scale precisely what Russian Sovietism did on a large scale. We are infinitely nearer to a Socialistic government today than we were two decades ago. All of which is a warning that it is only by intelligent forethought and unremitting vigilance that American institutions, as we know them, are to be preserved. The first essential is the preservation of our Constitution. Let us not forget that that Constitution, whatever Communistic malice may say about it, still is the most nearly perfect charter of human freedom the mind of man has conceived. American Constitutional liberty and a socialized democracy are absolutely incompatible. The American nation right now is the freest and most prosperous nation on which the sun has ever shown. It would be worse thanolly to sacrifice that freedom and that prosperity for a crazy experiment that has wrought disaster whenever it has been tried. CAUTIONS INVESTORS One of the principal causes for failure of mortgage and finance companies, as well as other stock-selling concerns is lack of state supervision according to Edwin M. Daugherty, State Corporation Commissioner, who is urging investors to exercise care when investing in this class of companies. This supervision," he stated, "is impossible, as the State Corporation Department has neither the funds nor the men to oversee the financial progress of a company after it has received a permit to sell and issue its stock. An army of experts would be required for this work, and the amount of money would be enormous. Therefore, in the last analysis, the investors must act independently so far as the Department is concerned," the Commissioner said. Excessive salaries surroundings are unable features not some of the receiversage and finance formia, accordingerty, State Corporation in connection with investors to exercising in this class of cases and for exceedingly comes from the case of one by the Department $16,000 had been mature. The compil their waste paper over baskets, which were held they about a $500 table six rooms in a nice building, beforeed. "Some compensation used money sale of stock to their officers or loans or paper and companies take value of their officers said. He also come to the attachment where the issuing their stock which were impaired due of selling required by the Corporation Deposits instances where promoters which the Department escrow for the owners. Commissioner foregoing facts: why investors share companies in whi specialist ascendancy in England was impossible. We all knew there could be no such a thing as a Spanish dictorship. Yet, each and every one of those things has come to pass. Let us take another step. Right now—the forces of disintegration are at work in this country. The Communist, the parlor Socialist, the apostle of sovietism, the disciple proletarian ascendancy are instilling their poison into the minds of the people. Little by little they are undermining our institutions. They are capitalizing discontent and promoting prejudice. They have suborned scores and hundreds of teachers in the colleges and universities and even in public schools. Their impious hand have been laid upon the pulpit. Without without the active support of the Communist Internationale, the monies and brains of the Communism are directing and insidious, ceaseless campaign that seeks the overthrow of our institutions and the enthrancement of a regime such as that which he cracked and enslaved Russia. While all this is going on we proceed with our affairs in the serene conviction that whatever transpires elsewhere, America is safe; that sloth and carelessness are consistent with liberty; that though the rest of the world may be shaken to its foundation nothing can happen to mar our tranquility. We shall have to have a care. There are many whose vision extends onto the soap-box orator and his type. But such vision fails to include the sinister aspects of the case. The man who harangues his nightly audience from the elevation of a soap-box is irritant, but that is all. He does not create thought. He merely feeds the sordid minds of those with a congenial grievance. The real menace wears the garb of respectability. It does not speak from a soap-box but from the rostrum and the pulpit. It has access to the most influential magazines and it fills the libraries with its literature. Make no mistake. Trained intelligence is back of the Communist movement. We might take note of the fact that on the fourth day of November between four and five million men and women—most of them perfectly honest and sincere—voted for candidates whose platforms included a plank which to all intents and purposes demanded the virtual destruction of the Constitution of the United States. This supervision," he stated, "is impossible, as the State Corporation Department has neither the funds nor the men to oversee the financial progress of a company after it has received a permit to sell and issue its stock. An army of experts would be required for his work, and the amount of money would be enormous. Therefore, in the last analysis, the investors must act independently so far as the Department is concerned," the Commissioner said. "It is unfortunate that so many of them act blindly without preliminary investigation or proper precautionary measures to insure safety for their investments," the Commissioner added. He stated every application of these companies is given the most careful scrutiny, promotion of stock is put down to a minimum, and other safeguards are included before a permit is granted. If, within thirty or forty days or even three months a check could be made of each company's affairs, and this check continued periodically, there would be fewer failures and less grief but, as already pointed out, this is impossible. The Department has acted on the theory that the men behind the company are honest and that the public will use ordinary horse-sense before investing. "A number of finance and mortgage companies have been successful because they have been well managed," the commissioner said; adding that the success of these companies has caused many others to go into the same line of business and numerous stock sales and brokers point to these successes when offering securities issued by others in this class of enterprise. SLACKER FIRMS As a result of the fact that more than 5,000 corporations failed to file capital stock returns before October 1st in this District, Collector of Internal Revenue Rex B. Goodcell said yesterday that a drive will be started at once by his office to investigate such corporations. "After all the publicity given out by my office as to the necessity of all corporations filing capital stock tax returns before October 1st I find that this large number of corporations are now delinquent and subject to a penalty of $1,000 each besides a penalty of 25 per cent. of any delinquent tax," said the Collector. "The Capital Stock tax is imposed at the rate of $1,000 per thousand dol- It fills the libraries with its literature Make no mistake. Trained intelligence is back of the Communist movement. We might take note of the fact that on the fourth day of November between four and five million men and women—most of them perfectly honest and sincere—voted for candidates whose platforms included a plank which to all intents and purposes demanded the virtual destruction of the Constitution of the United States. Are concerned with that fact? Are we concerned with the further fact that the primary elements of Communism are regularly taught to hundreds and thousands of Young Americans? Does it mean nothing to us that in many of the schools numerous teachers are regularly propagating Socialism under the name of democracy? Do we take it lightly that Communist propaganda is instilling into the minds of our youth the idea that the latest war for American liberty was fought at the dictation of the "money power"? In all candor, if we permit this thing to continue unchecked, where is the hope for American liberty? God takes care of children, fools and the United States, somebody has said. Wherefore, are we prepared to be lieve there never can be such a thing as Socialist domination in this country. The argument seems to be that because the thing never has come to pass for that reason it never will come to pass. We are sedulously taught that because it does not happen all at once it can not happen at all. But there is an evolution of Socialism as well as a revolution of Socialism. Every inroad made by the government into the legitimate domain of private business and industry commits us to just that extent to the Socialistic creed and practice. When ever the State takes over a utility, it is doing "After all the publicity given out by my office as to the necessity of all corporations filing capital stock tax returns before October 1st I find that this large number of corporations are now delinquent and subject to a penalty of $1,000 each besides a penalty of 25 per cent. of any delinquent tax," said the Collector. "The Capital Stock tax is imposed at the rate of $1.00 per thousand dollars of fair value of capital stock." continued Collector Goodcell, "and is levied in advance for the privilege of doing business. The amount of tax due for the year ending June 30, 1925, is determined by the actual fair value of the Capital Stock on June 30, 1924, from which is to be deducted $5,000 exemption by each domestic corporation. Foreign corporations have no exemptions." Under the provisions of the Internal Revenue Law, every corporation in existence, if organized before July 1, 1924 must make a return for the year ending June 30, 1925, whether or not its capital stock has actual value. There is a penalty of $1,000 for failure to file return. Every domestic corporation, according to the regulations, whose fair value of capital stock exceeds $5,000 must pay tax. Every foreign corporation must pay on the entire average amount of its capital employed in the transaction of its business in the United States. "I dislike to assess penalties," continued the Collector, "but I am afraid those 5,000 corporations who disregarded notices and publicity will have to pay for their neglect." A pessimist is one who cries because he is afraid he may spill the milk. ANOTHER WARNING Excessive salaries and sumptuous surroundings are among the objectionable features noted in the conduct of some of the recently organized mortgage and finance companies in California, according to Edwin M. Daugherty, State Corporation Commissioner in connection with a warning to investors to exercise judgment in investing in this class of companies, he stated that the money to pay those salaries and for excessive funishings frequently comes from stock sales. In the case of one company, it is found by the Department that approximately 416,000 had been expended for furniture. The company's officers threw their waste paper into $35.00 waste paper baskets, while their conferences were held they sat on $250 chairs about a $500 table. The company had six rooms in a splendidly located office building, before it was fairly started. "Some companies after organization, used money realized from the sale of stock to take off the hands of their officers or organizers certain loans or paper and in numerous cases companies take loans of little or no value of their officers," the Commissioner said. He added that cases have come to the attention of the Department where the companies have been issuing their stock for mortgages which were improperly appraised instead of selling the stock for cash required by the permits issued by the Corporation Department. Also numerous instances have been discovered where promoters were selling stock which the Department has ordered in escrow for the protection of investors. Commissioner Daugherty recited the foregoing facts: "There are reasons why investors should investigate the companies in which they are asked to Doe, a corporation and John Doe Company and all other persons unknown claiming any title, right, estate, lien or interest in the real property described in the complaint adverse to plaintiff's ownership, or the ownership of said estate, or any cloud upon the title of plaintiff or of said estate. Defendants. Action brought in the Superior court of the county of Orange, State of California, and the complaint filed in the office of the Clork of said county of Orange. Tinton and Callor, Attorneys for Plaintiff. THE PEOPLE OF THE STATE OF CALIFORNIA SEND GREETINGS TO JOHN H. STUNTZ. WILHELM FISHER, URINI E. SQUIRES, John Doe, Jane Doe, John Doe, a corporation and John Doe Company and all other persons, claiming any right, title, estate, or interest in the real property described in said complaint adverse to the plaintiff's ownership or the ownership of the estate of Martha A. SQUIRES, deceased, or any cloud upon the title of plaintiff or of said estate Defendants. YOU ARE HERE BY DIRECTED TO APPEAR and answer the Complaint in an action entitled above brought against you in the Superior Court of the County of Orange, State of California, within ten days after the service on you of this SUMMONS. If served within this County, or within thirty days if served elsewhere. And you are hereby notified that unless you appear and answer as above required, the said plaintiff will take judgment for any money or damages demanded in the Complaint as arising upon contract; or he will apply to the Court for any relief demanded in the complaint. The property effected by this action is that certain real property situated in the Rancho Santiago de Santa Ana, County of Orange, State of California, described as follows: That portion of Lot "L" of the Bush and Watson Tract in the Leandro Servio Alliment of the Rancho Santiago de Santa Ana. According to a survey made by George C. Knox for Bush and Watson in September, 1871, de- NOTICE TO CREDITORS ESTATE OF MARIE C. SCHULTE, Deceased. Notice is hereby given by the under-signed Anton Schulte. Executor of the Estate of Marie C. Schulte, Deceased, to the creditors of, and all persons having claims against the said deceased to file them with the necessary vouchers in the office of the Clerk of the Superior Court of the County of Orange, State of California, or to exhibit the same with the necessary vouchers to the said Executor at his place of business, the office of Weisel & Stark, Room 2, and a Golden State National Bank Building in the City of Anahidin, County of Orange, State of California, within four (4) months after the first publication of this notice. Dated, this 12th day of November, 1924. ANTON SCHULTE. Executor of the Estate of Marie C. Schulte, Deceased. WEISEL & STARK. Attorneys for Executor. Nov. 18 t5. SUMMONS In the Superior Court of the County of Orange, State of California. No. 17,705. Dept. 1 Charles H. Squires, Executor of the last will and testament of Martha A. Squires, Deceased. Plaintiffs John H. Stuntz, William Fisher, Uriah E. Squires, John Doe, Jane Doe, John J. M. BACKS, Clerk By H. M. Head, Deputy Clerk. SUMMONS In the Superior Court of the County of Orange, State of California. No. 17,705, Dept. 1 Charles H. Squires, Executor of the last will and testament of Martha A. Squires, Decased. John H. Stuntz, W. John Fisher, Ustah E. Squires, John Doe, Jane Doe, John ASPIRIN SAY "BAYER ASPIRIN" and INSIST! Unless you see the "Bayer Cross" on tablets you are not getting the genuine Bayer Aspirin proved safe by millions and prescribed by physicians 24 years for Colds Headache Pain Neuralgia Toothache Lumbago Neuritis Rheumatism Accept only "Bayer" package which contains proven directions. Handy "Bayer" boxes of 12 tablets—Also bottles of 24 and 100—Druggists. Aspirin is the trade mark of Dayer Manufacture of Monosacetic acid ester of Salicylic acid WHO OWNES More than 67,000 railway. Several the All have a voice Every Southwest investor thus get a valuable interest that section. Let it be The Santa Fe operates in thirteen in these states there reside 7,635 holders. While this is almost the ber on record, it is slightly below fore. We should be very glad residing along the Santa Fe Line much more generally interested although both the common and shares give a smaller return than investments promise. The high served tribute to the property. Even in the Southwest might well more shares in the Santa Fe. At the beginning of this year ship of the Santa Fe was div 67,118 stockholders with an average shares apiece. Twelve months were 64,643 stockholders; average shares apiece. The number of has increased steadily for many y average holdings decreased, res ever-widening distribution of own Among the stockholders are for Women Men This joint enterprise of a great stockholders. Why then should supporting the railroads as taxp Atwood Home Tract A Beautiful New Development of Richfield main line S. F. Railroad, two main artery boulevards, er acre tracts; gas, lights, water and streets. Adjao $100,000 graded school, store, shops, garage, etc. transit service, good train service to Los Angeles ther cities. All prices far below real value. Seeing is believing $100,000 graded school, store, shops, garage, etc. transit service, good train service to Los Angeles other cities. All prices far below real value. Seeing is believing one of our agents to show you this property WAGNER Los Angeles St. 368, Anaheim C. E. McFADDEN Phone 25 W Placentia Santa Ana Monumental Works BEN P. LIPPI, Proprietor "FOREIGN AND DOMESTIC" MONUMENTS MARKERS AND HEADSTONES. Dealing With Us Direct You Save the Middleman's Profit. "Our Car at Your Service." Phone 1800 504 E. 4th St., Santa Ana. Who owns the Santa Fe? More than 67,000 stockholders own this great railway. Several thousand live in the states it traverses. Will have a voice in its management/ Southwest investor should buy a share in the Santa Fe and a valuable interest in an institution that helps build up More than 67,000 stockholders own this great railway. Several thousand live in the states it traverses. It will have a voice in its management. Southwest investor should buy a share in the Santa Fe and set a valuable interest in an institution that helps build up station. Let it be Yours, in ownership as well as in service. Santa Fe operates in thirteen states and states there reside 7,635 of its stock. While this is almost the largest number, it is slightly below the year because it is very glad to see those along the Santa Fe Lines become generally interested in its stock, both the common and preferred. Have a smaller return than many other grants promise. The high price is a deduction to the property. Every investor Southwest might well buy one or shares in the Santa Fe. The beginning of this year, the owner of the Santa Fe was divided among stockholders with an average of 53.1 piece. Twelve months before there were 6,443 stockholders; averaging 55.4 piece. The number of stockholders issued steadily for many years and the holdings decreased, resulting in an opening distribution of ownership. The stockholders are found: Fiduciaries ... 2,777 Insurance Companies ... 114 Religious Organizations ... 91 Hospitals and Charitable Institutions ... 115 Educational and Scientific Institutions ... 109 Banks and Trust Companies ... 251 Estates ... 1,095 Various Others ... 1,265 Since the organization of the present company in 1895 it has not failed in any year to earn its full interest, nor since dividends have been declared to earn them in full. The Preferred Stock dividends are limited to 5%. The Great payment was made in 1898 at 1% and in 1900 full payments of 5% were begun and have been maintained for the ensuing 25 years without interruption. Common dividends were begun in 1901 at 3½% and have been maintained steadily since that date with gradual increases, 6% having been paid since 1909. For the railroads, as a whole, the records of the Interstate Commerce Commission show that at the close of 1923 there were 807,524 stockholders, or 30,392 more than the preceding year. The average dividends on the outstanding stock amounted to $4.03 per share. A joint enterprise of a great body of our citizens is open to all to participate in as owners. Why then should any favor government ownership and the certainty of paying the railroads as taxpayers? W. B. STOREY, President The Atchison, Fopeka and Santa Fe Railway System