oc-plain-dealer 1921-07-21

STATE CORP. DEPT. TELLS ITS POSITION The California state corporation department does not "say to a man that he shall not gamble his money, accepting any odds he chooses," and when a permit has been issued by the department to a stock concern, together with a statement to the public as to what terms are given the company by the department, "It is for the public to determine whether it invests its money in the concern." The attitude of the state corporation department is thus outlined in a letter from D. W. Minier, assistant engineer of the department. This letter from Minier doubtless will clear up a number of misunderstandings and rumors concerning the attitude and acts of the state corporation department. The statement was sent in reply to a letter sent by C. E. Bellows, state commissioner of corporations, at Sacramento. "A good deal of criticism has been directed toward your office," said the letter to Bellows. "It is reported, for instance, that with some of the oil companies you have allowed the promotors an allotment of stock many times the amount paid in actual cash for their leases. "May we ask for information in regard to what extent investors in oil companies are protected by the state corporations department. Attention was called to a bulletin recently issued by the state mining bureau, concerning the possibility that the Huntington Beach oil field might be damaged by stock-jobbing and over crowding of wells. "If what the State Mining bureau has to say is true," asked the letter, "what protection has the investor today any more than he had a few years ago before stock selling concerns could go out and by represent that their operations had the action of the state corporation commissioner convince investors that their are sound?" The following is the reply from stant Engineer Minier: Dear Sir—Your letter of July 7 addressed to the state corporation commissioner, Sacramento, Cali., has been referred to the writer reply, as he reviews and passes all applications for oil and min- ENJOY DEEP SEA FISHING A fishing party destined to be very lucky left yesterday morning at four o'clock for deep sea fishing, and returned in the afternoon with a good catch and deepest satisfaction with their experience. Messrs. W. L. Bastain, George Perkins, Claude Hamlin, Francis Findley, Guy Roberts left Balboa for a point about 14 miles out, running into a "convention" of albicore. They brought home about 175 pounds of fish. Mrs. Roberts was the champion fisherette, catching two of the largest finnie fellows, one weighing 30 pounds, the other 25 pounds. They captured a shark weighing about 60 to 75 pounds, which they killed and unceremoniously returned to the sea. Members of the party report a most exciting and interesting trip. ATTEND FAREWELL DINNER Mr. and Mrs. E. R. Barmes attended a chicken dinner at the home of Mr. and Mrs. Wyatt Liggett, San Gabriel, last evening, as a farewell dinner tendered to Mrs. D. B. Smith of Oklahoma City. Other guests were Mrs. Alice Cochrane, Mrs. Frank Fuller, of Long Beach; Mr. Wm. Weathers, Los Angeles; and Mr. Liggett's mother, Mrs. Anna E. Leavitt of Oklahoma City who is here for the summer. 500 COUNTRY CLUB MEETS Assisted by her daughter, Mrs. Frank Schadt, Mrs. J. Cole entertained members of the 500 Country club yesterday afternoon, special guests of the occasion being Mrs. Dwyer and Mrs. Agnes Messrsmith, of Anaheim. After the games, in which Mrs. E. Salter and Mrs. Ben Shinn won the prizes, a luncheon was served from the beautifully appointed table, centered with a large bowl of white dahlias and ferns, resting on a table mirror. Mrs. Cole had effectively used sweet peas and hydrangeas in large clusters in the living room. Accepting the hospitality of Mrs. Cole and daughter were Mrs. Claire Miller, Mrs. G. L. Cole, Mrs. George Cole, Mrs. George Tiapp, Mrs. Ben Shinn, Mrs. H. T. Covey, Mrs. E. Salter, and Mrs. Messrsmith and Anaheim residents until months ago when the Long Beach, the son residence here. Their name in this city are pleased with py announcement. Invitations were issued lowing: Messers, and McMoore and daughter, of Anderson, Norbert Anderle, Curtis, Orval Schenck, per, Ed Campbell, E. Vinton, Fred Scott, Welcomence Sutherland, FlavaJEllott, Mrs. Harriet Stafford Sims; the Misses Esther Pember, EvelynDeGryse, Slyvia MacIrence Hamill, CarrieHazel Withee, Luna Wagret Lawrence and Veandthe Messrs. Bill BrushBill Schumacher, Jamesand Blakemore. BIG TIME AT LAKE One of the very happy on social calendar or Eastern Stars occurring when more than half of the two orders drove Landing for a spread. buns, pickles, meat, salads other good things compiled of merit. Four hundred fee were made by Mr.Hson, official coffee making,and everyone prodding the "best ever." That was spread in the upper bath house. About 8 o'clock she drove to Seal Beach where secured the pavilion for evening. Dancing, with his sie by the Heffner orchestra enjoyed almost midnight the numbers were seven dances thorough old persons and one interest to the younger ones was served during the eve. Everybody helped even to have a good time.I praise is due to H.C Walter Payne, J.P. Proctes committee in c event. HOTEL VALENCIA Guests at Hotel-Vale day included G.H.Fluke what protection has the investor today any more than he had a few years ago before stock selling concern could go out and by represent that their operations had the intention of the state corporation consolon convince investors that their is sound? the following is the reply from stant Engineer Minier: Year Sir:—Your letter of July 7 addressed to the state corpora commissioner, Sacramento, Cali- has been referred to the writer reply, as he reviews and passes all applications for oil and mino companies, that are filed in the Angeles office. the function of the promotor of oil company is to act as a preliminary organizer, to secure leases, to enlist the interest of parties to organize a company, to organize the company, and to guide the enterprise until it is a going concern. As consideration for these services he is allotted a certain amount of the capital stock of the company, which, however, does not pass into his possession until in the case of oil companies, the company has secured production. The cost price of the leases turned over to the company may be small or large; the stock he receives for their transfer to the company is valueless to him unless he carries the venture to a successful fruition. "The practice of this department is to permit not to exceed 50 per cent of the stock to go for such promotion services, and it is constantly advised the promotor to accept a lesser amount." In answer to specific inquiry Minier's letter had the following: "The stock issued for consideration other than cash in the companies you have enumerated is as follows: "Huntington Central. Oil Company: capitalization, $200,000; issued promotion, $30,000. "This stock was released 30 days after the company brought in a well, and it is the writer's understanding that the promotors have kept most of the stock off the market. "Texcal Oil and Refining company: Capitalization, $1,000,000; issued as promotion, $500,000. "Of this 500,000 shares that were issued for promotion, a number of blocks have been released from escrow for the purpose of donating them to the treasury of the company to be sold for the further financing of the venture. This means that the promotors have given up a considerable portion of their interest in the promotion stock for the benefit of the company. No stock of the Texcal Oil and Refining company has been released to the promotors for their personal benefit. "It is not true that the promotors of these enterprises were permitted to secure possession of the promotion stock just as soon as oil was struck. As a matter of fact, in but one instance that of the Huntington Central was the actual promotion stock released. Texcal promotion stock has not been released for the benefit of the promotors of the enterprise." ANNOUNCE ENGAGEMENT An announcement party complimenting two of Anaheim's most popular young people, Miss Viola Elliott and Mr. Nathan Moore, occurred last evening when Mr. and Mrs. J. Lloyd Moore, of Long Beach, entertained a large party of friends. The Moore home was beautifully adorned in green and pink, baskets and bouquets of colorful blooms being generously used. Games and music occupied the earlier hours of the evening, but later, sections of a cutout puzzle were passed to the guests. Searchers for corresponding sections soon determined the solution to the puzzle announcing the coming marriage of Miss Elliott and Mr. Moore, and they were at once showered with good wishes and congratulations. Refreshments in pink and white color combinations were served later. Miss Elliott is the daughter of Mr. and Mrs. W. J. Elliott, of East Center-st. She has been for some time connected with the Betzold Studio and is popular in both business and social life of Anaheim. Mr. Moore has resided here for some time, and is in life insurance business with offices in the First National Bank building. His parents, Mr. and Mrs. J. Lloyd Moore, were by the overcrowding of the wells, in a statement that might well be made but is a condition that is impossible for this department to control, although this department has at all times discouraged the forming of town-lot companies. "It is not the function of this department to say to a man that he shall not gamble his money, accepting any odds he chooses. The certificates issued by this department contain recitals of the area and the amount of leases of companies, the amount of capitalization, the amount of stock issued for promotion, and the amount of stock to be sold to the public, and lay down conditions on which the stock is to be sold. "From the statements contained in the permit, it is for the public to determine whether it invests its money in the concern. "Yours very truly, E. C. BELLOWS, Commissioner of corporations. By D. W. MINIER, Assistant Engineer." portion of their interest in the promotion stock for the benefit of the company. No stock of the Texcal Oil and Refining company has been released to the promotors for their personal benefit. "It is not true that the promotors of these enterprises were permitted to secure possession of the promotion stock just as soon as oil was struck. As a matter of fact, in but one instance, that of the Huntington Central, was the actual promotion stock released. Texcal promotion stock has not been released for the benefit of the promotors of the enterprise, although the company has been enjoying production of oil for some time." "Promotors of oil companies create enterprises, and perform an important function in carrying on the business of the country. Without their services the resources of the country could not be developed, and in all fairness to them, they are entitled to a wage for their services, and so far as oil companies are concerned, if the venture is not a successful one the promotor loses all the money he has put in as well as the time he has devoted to the enterprise. He doesn't receive wages until it is shown that he can and has, created a going concern." "Isofar as the present price of the Huntington Beach oil stocks is concerned, I do not believe that the fault lies with the promotors of the enterprise, or with this department, and if you care to communicate with any of the promotors of the Huntington Beach oil companies, you will probably receive some very emphatic and categorical statements as to whom they believe is responsible for the present condition of affairs." "The purported statement of the state mining bureau that the Huntington Beach field would be ruined" FAGEOL Sales and Service J. J. DeVaux 328 W. Center St. Anaheim Anaheim Auto Works Sliding glass tops and upholstering, Craftsman leather body covering, wood work, body and fender repairing. WELDING. SCIAL JOBS TO ORDER Los Angeles St., Anaheim Phone 170J THE ORANGE COUNTY PLAIN DEALER, ANAHEIM, CALIFORNIA DODES: Churches Anaheim residents until a few months ago when they moved to Long Beach, the son retaining his residence here. Their many friends in this city are pleased with the happy announcement. Invitations were issued to the following: Messers, and Mesdames Roy Moore and daughter, of Gardena, Ed Anderson, Norbert Anderson, Floyd Curtis, Orval Schenck, Arthur Kemper, Ed Campbell, E. Voss Herrington, Fred Scott, Welcome Ward, Lawrence Sutherland, Flavel Smith, W. J. Elliott, Mrs. Harriet K. Boyd, Mrs. Stafford Sims; the Misses Vallie and Esther Pember, Evelyn and Lillian DeGryse, Sylvia Mae Dumas, Florence Hamill, Carrie Lou Evans, Hazel Withee, Luna Wellman, Margaret Lawrence and Vera O'Rourke, and the Messrs. Blll Bruns, Bill Hall, Bill Schumacher, James Sutherland and Blakemore. BIG TIME AT LANDING One of the very happiest affairs on the social calendar of the Masons and Eastern Stars occurred last evening when more than 100 members of the two orders drove to Anaheim Landing for a spread. Quantities of buns, pickles, meat, salads, cake and other good things completed a menu of merit. Four hundred cups of coffee were made by Mr. H. O. Henderson, official coffee maker of the evening, and everyone pronounced the drink the "best ever." The luncheon was spread in the upper floor of the bath house. About 8 o'clock the large party drove to Seal Beach where they had secured the pavilion for the entire evening. Dancing, with excellent music by the Heffner orchestra, was enjoyed until almost midnight. Among the numbers were several old-fashioned dances, thoroughly enjoyed by the older persons and of curious interest to the younger ones. Punch was served during the evening. Everybody helped everybody else to have a good time, but especial praise is due to H. O. Henderson, Walter Payne, J. P. Probst and J. A. Clayes, committee in charge of the event. HOTEL VALENCIA GUESTS Guests at Hotel-Valencia yesterday included G. H. Fisher, Redwing going to Mrs. Herman Schulte, the second to Mrs. Clarence Spencer, the third to Mrs. Horace Skinner and fourth to Mrs. Robert McKee. Mrs. Parret's guests included the Mesdames John Dickenson, Robert McKee, Cecil James, Horace Skinner, Herman Stock, Albert Vall, Henry Schuite, Roy Lovering, Waters, Witherell and Clarence Spencer. PLAN EXTENDED VISIT PLACENTIA, July 21—Mrs. Margaret Strain visited today with Mrs. Lillie Strain of Alhambra who will return with them for an extended visit with Mrs. Strain. Miss Lillie Strain and Miss Mary A. Hall are in Los Angeles for two days. The Placentia W. C. T. U. will be entertained by the Fullerton Union at the home of Mrs. Carrie E. Ford on W. Commonwealth-ave.; Tuesday afternoon July 26, at the usual hour of meeting. WORK FOR ORPHANAGE Going to the home of Mrs. F. T. Edmiston at call of the president, Chapter BP., P. E.'O. made aprons and bloomers for an orphanage yesterday. Several little garments were completed, after which Mrs. Edmiston served her industrious guests with light refreshment. Passing the afternoon together were Mrs. Waynick, Sr., Mrs. Waynick Jr., Miss Waynick, Mrs.J.S.Ward, Mrs.Peterson, Mrs.Smith,Mrs.Van der Veer, Mrs.Langdon,Mrs.Drake and the hostess Mrs.Edmiston. SURPRISE LINEN SHOWER The approaching marriage of Miss Margaret Martin to Mr. Naylor was the inspiration for a party given last evening by the members of the Congregational church in Buena Park, in the new social hall of the church. The affair was a complete surprise for the guest of honor, and resolved itself into a linen shower. Miss Martin was the recipient of many pretty gifts for her hope chest. A program of music and singing with several numbers by a quartet enveloped the evening, and many were the good lines of advice offered Miss Martin on how to manage a husband Refreshments of punch and cake were passed and the party, under the management of Mrs.Knight, the minister's wife, was a decided success. MRS. MANTER HOSTESS Mrs. W. W. Manter was hostess yesterday afternoon to members of the Wednesday Bridge club with numbers twelvevebut several of the ladies are out of town on vacations so only two tables were played. The luncheon was gay with its bouquets of sunflowers, place cards seated Mrs.J.A.Clayes,Mrs.D.Jessurun,Mrs.Rex.Gibson,Mrs.EMitchell,Mrs.H.O.Henderson,Mrs.W.B.Holland,Mrs.C.E.Harbison and the hostess.Mrs.Manter.First prize was awarded to Mrs.Clayes and second prize went to Mrs.Gibson. Supervisors Please at Advisor Activities When the executive committee of the Farm Bureau appeared before the board of supervisors last week to obtain continued support for Farm Advisor work in Orange county,the members of the board freely expressed their satisfaction at the splendid work that was accomplished thru the many field demonstrations and farmers meeting by the extension service of the University acting thru the farm advisor and his assistants. A summary of the activities of the department were graphically presented in the following figures covering the year July, 1920; to July, 1921; Meetings and field demonstrations 317; attendance 22,044; office calls for information 3,379; telephone calls 1,746; requested farm visits 1,428. The small budget asked of the supervisors was one of the very few that showed a substantial decrease from last year's budget. The committee that waited on the supervisors was President W.M.Belding,Tustin; Secretary Dr.J.R.Schoffield,Buena Park; vice president,E.E.CampbellOrange;and Farm Advisor Wahlberg. Sir James Barrie's "Sentimental Tommy" will be seen at the New Fairfield, Wednesday and ThursdayJuly 20, 21.Its a Paramount picture and heartily recommended to both young and old. SPIRITUALIST MEETING Mrs.Birchall from Long Beach will lecture and give messages at 204 N.Los Angeles-st Thursday eveningJuly 21at 7:30.All are welcome. joyed until almost midnight. Among the numbers were several old-fashioned dances, thoroughly enjoyed by the older persons and of curious interest to the younger ones. Punch was served during the evening. Everybody helped everybody else to have a good time, but especial praise is due to H. O. Henderson, Walter Payne, J. P. Probst and J. A. Clayes, committee in charge of the event. HOTEL VALENCIA GUESTS Guests at Hotel-Valencia yesterday included G. H. Fisher, Redwing, Minn.; Gordon E. Cole, St. Paul; V. O. Buckles, San Bernardino; Jasper Garish, Sawtelle; S. Hughes, Los Angeles; William Kerr, Los Angeles; William A. Ross, Los Angeles; W. W. Phelps, Los Angeles; M. Moltz, Los Angeles; Sadie Casey, Los Angeles; William Guest, Detroit. COMPLIMENT DENVER WOMAN Mrs. Elicholtz, residing in the Colonial apartments, was hostess yesterday afternoon to a few intimate friends, her sister, Mrs. H. Goddard, of Denver, being the guest of honor. The ladies enjoyed several rounds of 500 refreshments of pineapple ice cream and French pastry being served later. Mrs. Elicholtz's guests were Mesdames La Mont, James, Ingram, Newkirk, McLain, Wilson and Mrs. Goddard and Mrs. Elicholtz. "SUCKER PICNIC SATURDAY" All former residents of the "Sucker" state, Illinois, are looking forward to their annual summer picnic which will be held Saturday, July 21, in Bixby park, Long Beach. The Illinois state society will furnish coffee and everybody is asked to bring a basket filled with a goodly supply of picnic dainties. PACKING HOUSE VISITORS Visitors at the Anaheim Orange & Lemon Assn., yesterday included, W. L. Jardon, Balboa; H. A. Suritzer, Los Angeles; M. E. George, Olympia; Wash.; Mr. and Mrs. J. Battachlef, Long Beach; Mrs. Milton Dailq, Sloux City, Ia.; Prof. J. A. W. Wiersib, of San Francisco. ORANGETHORPE CLUB MEETS At her home on N. Lemon-st., Mrs. W. B. Parrett entertained the ladies of the Orangethorpe club yesterday afternoon at cards, three tables being played. After the games a delicious two-course luncheon was served. Long stemmed dahlias in dark red and lavender shades were used for decoration in the living and dining rooms. Four prizes were awarded, the first tin was the recipient of many pretty gifts for her hope chest. A program of music and singing, with several numbers by a quartet enlivened the evening, and many were the good lines of advice offered Miss Martin on how to manage a husband Refreshments of punch and cake were passed and the party, under the management of Mrs. Knight, the minister's wife, was a decided success. MRS. MANTER HOSTESS Mrs. W. W. Manter was hostess yesterday afternoon to members of the Wednesday Bridge club with a luncheon, followed by several rounds of the interesting game. The club BENNER SHEET METAL WORKS We make anything you want of Tin, Zinc, Copper or Galvanized Sheets. Rear 219 S. Lemon St. Phone 3-W Anaheim, Cal. Notice to the Public We will be responsible only for the Aeroplane Gasoline sold under our original registered trade mark at our official service stations. Compare the quality of our gasoline for power and mileage. Demand the best. Orange County Oil Co. Anaheim VESTA STORAGE BATTERY "Costs less per Month of Service" The Vesta Special Battery Sold With a Written Guarantee, and the Best Value in the World. For FORD, DORT, CHEVROLET, BUICK, ESSEX, OLDS, Etc. $25 For DODGE, MAXWELL, FRANKLIN $37.50 Come In — Investigate Auto Electric Maintenance Co. Orange County Distributors for Vesta Batteries WEST BROS. Los Angeles at Chestnut St., Anaheim Phone 31 ANAWEIM PLACENTIA THURSDAY, July 21, 1921 RELEASED ACTIVITIES committee of appeared before last week to port for Farm county, the freely expressat the splendid amplified thru instructions and the extension city acting thru his assistants. activities of the mically presentfigures covering July, 1921; demonstrations 4; office calls 79; telephone farm visits sked of the suthe very few emotional decrease waited on the president W. M. stary Dr. J. R. ; vice presition; Orange; and erg. "Sentimental" at the New and Thursday, amount picture ended to both MEETING Long Beach messages at Thursday eve0. All are wel- SELLING YOURSELF —Getting a job, selling on the road, or making love — all depends upon how you sell yourself. SELLING YOURSELF —Getting a job, selling on the road, or making love — all depends upon how you sell yourself. —And appearance is half of the battle. —The style and tailoring of our suits will do a lot toward making a good impression, and giving you the confidence of a superlatively dressed man. Come in and look them over. F. A. YUNGBLUTH The home of Hart Schaffner & Marx Clothes. By All Means Get A Fit ANAHEIM - CALIFORNIA Fordson For Every Field Use $625 F.O.B.Detroit Pumps Water Does Every Power Job You can plow, disk, harrow, harvest Does Every Power Job You can plow, disk, harrow, harvest, thresh, bale hay, grind feed, fill the silo, saw wood, pump water, pull stumps, do road work or any other power job around the farm quicker, easier and at less cost to you with the Fordson Tractor. Twenty-four hours each day, every working day in the year it will give maximum service. Light but powerful it gets from job to job quickly. Easy to operate and control—efficient, economical and above all DEPENDABLE. Get in the power-farming frame of mind now. Call, phone or drop us a card for facts. See the Fordson in practical operation. George Dunton FORD AND FORDSON SALES AND SERVICE Phone 263 Anaheim