anaheim-gazette 1928-05-31

Start Campaign Against Swindlers Making Efforts to Put a Stop to Sale of Fraudulent Stocks A broad international campaign against security swindlers and fraudulent promoters, with the leading fraud-fighting agencies of the United States working in close harmony and cooperation with those of the nations of Europe, was forcefully shadowed in a letter sent by E. H. H. Simons, president of the New York Stock Exchange, to the members, branch office managers, and correspondents of the exchange. Pointing out that the fight against swindlers which has been vigorously waged in this country for several years by the exchange, in co-operation with the Better Business Bureau, Securities Commissions, and local, state, and federal prosecuting officials has been so successful as to drive many operators to Great Britain and the European continent. Mr. Simons urged an intensification of efforts to protect investors. "The necessity for an international campaign and co-operation," he said, "is becoming more and more obvious. That will come in due course, but in the meantime every person associated with the New York Stock Exchange should renew and intensify his efforts to prevent the swindling of innocent investors and to supply to the agencies engaged in this fraud preventive work every item of information which may help in checking and punishing the swindlers." Mr. Simmons' letter reads as follows: "Splendid results have following the campaign against the promoters and sellers of fraudulent securities during the past four years. You have played a large part in this fight against these swindlers and millions of dollars have been saved to innocent investors. The education of the public, enabling them to discriminate between good and worthless securities, has made great progress. The investors of the nation are being taught to investigate closely the offerings which are submitted to them; to look carefully into every prescriptive effort." Boy Scout Camp Will Open June 9 The camp committee of the Boy Scouts, under the leadership of Dr. M. A. Patton, issued this week its prospectus for the summer camp of 1928, to be held at Camp RoKILI starting July 3 and continuing until August 29. The committee plans to conduct a camp of one week's duration for Wolf Cubs of boys from 9 to 12, July 3 to 11, when 50 boys will be taken to the mountain camp for one week. July 11 to August 22 will find approximately 300 Scouts and Scout officials from all parts of Orange county at the camp. On August 22, when the regular Boy Scout period closes, Girl Scouts of Anaheim and Orange, some 100 in number, will go in camp for one week. RoKILI was established by the camp committee, under the leadership of Dr. M. A. Patton, as chairman, seven years ago, and during that time has had approximately 1500 different boys camped there from two to six weeks. The camp is located in the heart of San Bernardino mountains, just below Greyback, at an elevation of 6700 feet. It was the first boys' camp of any size located in these mountains. This summer's program calls for regular hikes by all of the members of the camp, together with interesting handicraft activities, such as Indian pottery, Indian bead work, archery, leather tooling, plaiting and stamping. Ten Scouts and leaders under the leadership of Edward Murphy, field executive, journeyed to camp this past week-end and cleaned up the grounds according to government requirements in preparation for the starting of camp early in July. Murphy reported excellent weather conditions at camp although the snow pack was alarmingly short, which will require a very close attention on the part of all campers to prevent forest fires and will mean conservation of water to the very fullest extent. More Oil Than Gold From Golden State When the vast hordes of gold-seekers Mr. Simmons' letter reads as follows: "Splendid results have following the campaign against the promoters and sellers of fraudulent securities during the past four years. You have played a large part in this fight against these swindlers and millions of dollars have been saved to innocent investors. The education of the public, enabling them to discriminate between good and worthless securities, has made great progress. The investors of the nation are being taught to investigate closely the offerings which are submitted to them; to look carefully into every proposal made to them to buy new securities or exchange old ones for such new securities; to accept nothing which they do not know to be safe, and to obtain banking or other professional advice where they have the slightest doubt. Public and official support has been given to the Better Business Bureau of the country which are carrying on a campaign of education, with the hearty co-operation of the press, and an intensive campaign of prosecution of the swindlers. The New York Stock Exchange has contributed to this work and, through its fraud bureau, and in other ways, has helped in the work of education, investigation and prosecution. It is the duty of every member, branch office manager or correspondent of the exchange, the nearest Better Business Bureau, the securities commissioners of his state, or the local prosecuting officials, any evidence which tends to show that there is an attempt to swindle the public through the sale of fraudulent securities. In response to previous letters of mine you have submitted much and valuable information which has been utilized in preventing swindling operations and driving crooked operators out of business. The necessity for this work continues, and I urge you to a new and even greater effort. Whenever you help in educating the people of your community to the necessity of carefulness in the purchase of securities or bring to their attention the facilities for investigation and the securing of correct information, you are doing a patriotic work. Therefore, I urge you again to act as watchmen for the public; to note anything that saturors of swindling or crookedness in the securities field and to report it promptly to us or to the constituted authorities; to use every means to educate the public to the necessity of investigating every security that is offered to them and every person who makes such an offer. It is the hope of the exchange that eventually a net work of preventive agencies, such as the Better Business Bureau, will be formed throughout the country so the swindler in securities will find it extremely difficult to ply his nefarious trade. Already some have fled from this country to Europe, and the necessity for an international campaign and co-operation is becoming more and more obvious. That will come in due course, but in the meantime every person associated with the New York Stock Exchange should renew and intensify his efforts to prevent the swindling of innocent investors." More Oil Than Gold From Golden State When the vast hordes of gold-seekers poured into California after the startling discovery at Sutter's mill, none thought to search for ought else. Later, when eastern capitalists were thinking of investing in California industries to be, they left the country in disgust because they found no coal or mercantile timber. Had these early adventurers searched more diligently; they would have discovered natural resources that were destined to far outstrip the much-sought gold in value to the Golden State, says Howard C. Kegley, in an article, "Millions From the Boneyard of the Musty Past," appearing in the June issue of Touring Topics, official publication of the Automobile Club of Southern California. Mr. Kegley points out the fact that during the fifty years, 1877 to 1927, the value of all the gold mined in California was $345,546,000, while during the same period the liquid gold which was pumped from the depths of the earth was worth $2,559,294,000. He states that until the opening of the rich Oklahoma fields in 1926, California was the leading oil producing state in the Union, and yielded much more than Mexico. The author also gives many interesting stories connected with the development of the oil wells in the vicinity of Los Angeles and shows how they have benefitted not only individual owners, but entire communities. U. S. C. Baccaläureate Sunday at Coliseum Beginning commencement week, the baccalaureate service of the University of Southern California is to be held by the Los Angeles coliseum on Sunday afternoon, June 3, at 4 o'clock. Hon. Chester Rowell will make the address. The hooding ceremony will take place at that time. Events of the week include the commencement recital of the College of Music on Monday evening, June 4; annual commencement play of the School of Speech, Shakespeare's "Much Ado About Nothing," in modern dress; on Wednesday evening, June 6; paney breakfast for senior co-eds on Thursday morning, June 7; when he trotted girls announce their engagements by walking through a beflowered arch; Ivy Day doings on Thursday afternoon, including unveiling the class numerals, planting the 1928 ivy sprig, presentation of the class gift to the university, and ending with a levee at the president's house. TO CURB SPECULATION The senate banking and currency committee has favorably reported the La Follette resolution to curtail money used for brokers' loans in stock speculations. The committee report declares that stock purchasers do not look with care to the earnings, but simply hope that another sucker will relieve them tomorrow at an advanced price, and this speculation is largely done on borrowed money. The report asserts that speculative buyers are not the experienced class; they are the lambs and it is no defense for the "Street" to say that the risks are widespread. That is only another way of saying that the losses will not fall so heavily on the centers, but will be borne by the whole country. Whatever goes up must come down, and the history of booms is that the higher they go the more suddenly they break. The committee says that continued appeals to the federal reserve board have been useless, and in view of the present dangerous situation congress must take action. B. & O. train escaped injury the other day in West Virginia when a landslide struck it. We know a lot of candidates who won't be that lucky next November. OPERATION BY UNCLE SAM A public utility organization sends out a clip sheet containing an article opposing the proposed government operation of Muscle Shoals. It is, of course, perfectly proper for anyone to oppose this project. But there are valid grounds for opposing it; there is no need for confusing the issue. This article asserts that "there is something uncanny in the way in which projects which are handled at a financial profit by private concerns get into red ink as soon as the government assumes management." That statement is open to serious question. The government made the air mail lines pay, and relinquished them only when its own operation had proved they could make money. It has made the Mississippi barge lines pay handsomely. One fears that public utility opposition to the Muscle Shoals proposition is based upon anything but a fear that the government "couldn't make it pay." The world may be strong for peace, but most of the nations seem to want it on their own terms. Health Official Issues Warning Advises Precaution Against the Spread of Whooping Cough The prevalence of whooping cough throughout the county was commented on by Dr. K. H. Sutherland, county health officer. He issued the following statement: "The state department of health, in a recent bulletin, cautions parents to protect their children from needless exposure to this disease. Whooping cough differs from some other respiratory infections in that it is more prevalent in late spring and summer than it is in winter. From all reports, the incidence of this malady will be higher this season than for many in the past. "Whooping cough is not a disease to be considered lightly. It causes many deaths in younger children and predisposes frequently to tuberculosis and other chronic diseases. Parents should make every attempt to protect their young children from contact with any child who is coughing severely, perhaps even to the point of vomiting, even though the cough does not show a characteristic whoop. "Milder cases of this disease may never whoop, or if they do, the appearance of the whoop may be preceded several days or even weeks by a hard cough, which in itself is capable of spreading infection. Any child developing a severe cold or cough at this time should be isolated until the true nature of the malady can be determined. "Cases of whooping cough or suspected whooping cough must be reported immediately to the health department for supervision of isolation. If no physician is called to care for the case, the head of the house is legally responsible for making such report. "It is only through willing co-operation that the people of the state and this community can save their children from much needless illness." Speeches, following which the bankers enjoyed dancing and bridge. Entertainment during the dinner, which was the first event on the program, was furnished by the West Coast Walker theatre, which consisted of several high-class vaudeville numbers. Foster Laum, Santa Ana, federal bank examiner, was an honored guest at the meeting. A lot of presidential candidates are going to be deflated during the month of June and the same thing will happen to a number of baseball teams which claimed the pennant during the winter season. Who remembers the good old days when the daring chorus girls came out on the stage in dresses to their knees? NOTICE OF SALE OF REAL PROPERTY BY TRUSTEE UNDER DEED OF TRUST WHEREAS, by a certain Deed of Trust, dated June 27th, 1925, recorded July 7th, 1925, in Book 594, page 68 of Deeds, records of Orange County, California, to which record reference is hereby made for all of the provisions thereof. W. A. Bobo and Sue Bobo, husband and wife, did grant and convey the real property therein described, being the real property hereinafter described, to the Orange County Title Company, a Corporation of Santa Ana, California, as Trustee, to secure, among other obligations, the payment of one certain promissory note dated June 27th, 1925, made by said W. A. Bobo and Sue Bobo to The Savings. Loan and Building Association of Anaheim, a Corporation, or order, for the principal sum of $1400.00, with interest at the rate of 8% per annum, principal and interest due in monthly installments of $16.35 each on the 1st day of each month beginning on the 1st day of June, 1925, and continuing until fully paid; and WHEREAS, a breach and default in the performance of certain obligations for which said Deed of Trust is a default was made under the terms of said note and Deed of Trust in that the said borrowers are more than three months in arrears in the payment of their dues, interest and loan installments under the terms of said note, the total sum of principal, interest and fines unpaid on said note on December 12th, 1927, being $1519.60; and WHEREAS, the Board of Directors of said Savings, Loan and Building Association of Anaheim on December 12th, 1927, exercised the option contained in said note and adopted a resolution on said day that the whole said loan was then immediately due and that the withdrawal value on said date of all shares of said Association pledged as collateral security for the payment of said note was $156.80 and that said Board of Directors by said resolution did thereupon apply said sum of $156.80 to the payment of said note; and WHEREAS, said Savings, Loan and Building Association of Anaheim has declared the whole of the unpaid principal sum of said note, and interest thereon as aforesaid, and all other sums secured by said Deed of Trust, now due and payable, has demanded that said Trustee shall sell the premises granted by said Deed of Trust to accomplish the objects of the trusts therein expressed; and WHEREAS, said Savings, Loan and Building Association of Anaheim did, on February 2nd, 1928, record in the office of the County Recorder of Orange County, California, a notice of the above mentioned breach and default and notice of its election to cause the property described in said Deed of Trust to be sold by said Orange County Title Company, in accordance with the provisions of said Deed of Trust to satisfy the obligations secured by said Deed of Trust, which notice of default and-of election to sell was duly recorded in Book 131, page 5 of Official Records of said Orange County; and WHEREAS, more than three months have now elapsed since the recordation of said notice and all of the sums and obligations secured by said Deed of Trust remain unpaid; and The Trustee's fees and expenses of sale incurred and to be incurred necessary "Cases of whooping cough or suspected whooping cough must be reported immediately to the health department for supervision of isolation. If no physician is called to care for the case, the head of the house is legally responsible for making such report. "It is only through willing co-operation that the people of the state and this community can save their children from much needless illness." Edwards Head of County Bankers J. G. Hilleary, of Anaheim, Is Elected Vice-President Nelson T. Edwards, president of the First National Bank, Orange, was elected president of the Orange County Bankers' Association at the annual meeting of the organization, held at St. Ann's Inn. He succeeds Howard A. Krause, cashier of the Los Angeles First National Bank at Fullerton, who has been president during the past year. Other officers elected to serve one year are: Jesse G. Hilleary, vice-president of the First National Bank of Anaheim, vice-president; Paul Kogler, First National Bank of Orange, secretary, and J. R. Porter, vice-president of Orange Savings Bank, Orange, was re-elected treasurer of the organization. Porter has held the office for a number of years. Approximately 250 persons attended the meeting, including the wives and families of county bankers. The business meeting was a short one, void of personal escorted tours to Grand Canyon and Zion National Parks. BRYCE CANYON, KAIBAB FOREST, CEDAR BREAKS See these marvelous scenic places on one tour—at small expense—no fee tour in America. Tours leave—June 16, July 7, July 28, Aug. 11, Aug. 25 and Sept. 6. MAKE RESERVATION EARLY Also Personally Conducted Tours to YELLOW STONE Particulars from any Representation Union Pacific THE CYBERLAND ROUTE LUTHER L. EDEN, Agent Union Pacific System Tel. 729 Mother! Clean Child's Bowels "California Fig Syrup" is Dependable Laxative for Sick Children Beer if cross feverish, billious conspiracy or full of cold children love the pleasant taste of "California Fig Syrup" and it never fails to sweeten the stomach and open the bowels. A teaspoonful today may prevent a sick call tomorrow. Doesn't cramp or overact. Contains no narcotics or soothing drugs. Ask your druggist for genuine "California Fig Syrup" which has directions for babies and children of all ages printed on bottle. Mother! You must say "Californin" or you may get an unitation fig syrup. WORLD ORANGE PACKING CHAMPIONSHIP SPEED CONTEST - FANCY CONTEST IN CONJUNCTION WITH THE EIGHTH ANNUAL CALIFORNIA VALENGIA ORANCE SHOW ANAHEIM · MAY 24 TO JUNE 3 Eleven days and nights of brilliant pageantry — most artistic exhibits in history— portraying the story of Aladdin and his magic lamp. Sparkling entertainment and music. The gala yearly event of California. Anaheim, Calif., May 31, 1928 said notice recorded February 2nd, 1928, and to the above mentioned demand, and in accordance with the terms and under the authority of the hereinabove mentioned Deed of Trust, NOTICE IS HEREBY GIVEN that the said Orange County Title Company will, on the 26th day of May, 1928, at the hour of eleven thirty o'clock A.M., of said day, at the South door of the Orange County California, by virtue of the authority Court House in the City of Santa Ana, vested in it as Trustee under said Deed of Trust, sell at public auction, to the highest bidder for cash, lawful money of the United States, all of the following described property situated in the County of Orange, State of California, described as follows: Lot Six (6) in Block "A" of Tract 479, as shown on a Map recorded in Book 17, page 37 of Miscellaneous Maps, records of Orange County, California. Subject to reservations of record, being the property described in said Deed of Trust, or so much of said property as shall be necessary to be sold to provide a sum sufficient to pay the total amount secured by said Deed of Trust. IN WITNESS WHEREOF, the Orange County Title Company has hereunto caused its Corporate name to be signed and its Corporate seal to be affixed by its Vice-President and Secretary thereunto duly authorized by its Board of Directors, this 3rd day of May, 1928. ORANGE COUNTY TITLE COMPANY, By H. A. GARDNER, Vice-President. By GEO. A. PARKER, Secretary. (Corporate Seal) How Many Miles for Your Dollar? Careful drivers who want the most miles for the money invested are using INDIA TIRES INDIA TIRES FAMOUS FOR QUALITY WEST BROS. INDIA TIRES INDIA TIRES FAMOUS FOR QUALITY WEST BROS. 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