Fairhaven herald. [volume] (Fairhaven, Wash.) 1890-????, 1891-05-31
CROOKED FINANCIERING
A Company With Alleged
Capital of $500, 900 Unable
to Pay Rent
The American Export and
Trading Company Dispo-
sessed of It's Office
A Big Dividend Declared by
the Concern But
Never Paid

New York, May 3O-Edward H. Gof,
president and general manager Of the
American Export and Trading company,
died Thursday night from Bright's dis
ease at his home, No 1876 West One Hun
dred and Thirty-ffth street Almost
simultaneously the company was dispos-
sessed Of its Office at No. Bowling Green
for nom payment Of rent, despite the fact
that its advertised capital is 100000 and
the surplus $542, 734 Oi.
Goh, in the past, organized several
companies in Canada and the United
States, principally in Boston and Colo
RADIO. lie organized this last company
under the Colorado laws, with offices in
Boston and New York, and organized IL
with an alleged capital Of 100000. Won
derful advertisements began 10 appear in
the papers all over the country. They
stated that the company was organized
and equipped for doing a general and
commercial business throughout Mexico
and all the Central and Southern Ameri-
can republics and the West Indian
| Islands,
II was represented that the company
had spent 100000 OF the capital stock in
securing extensive landed estates for the
cultivation Of all native Spanish Amerl-
can products, in securing valuable con-
cesslOns, appointing agencies and corre-
spOndents, and In establishing its entire
| business operations on a sure basis, and
that IL would pay extraordinarily large
and Immediate profits on It's low capital
| Zation of SJOO,OOO. Young men were
wanted who would invest some money and
| accept lucrative places with the company.
| The attention Of prominent New York
morning newspaper was attracted 10 the
| advertisements. 1t Investigated the com
pany and Coils career, and published a
] full exposure OF both. Prominent men,
whose names appeared as directors Of the
company, denied any and all knowledge
or connection with II. GOh, nothing
daunted, kept right ahead.
! Almost on the heels Of the exposure re-
ferred 10 he sent out an annual report la
| which he said: "Prohts up 10 this time
have been satisfactory and there will be a
! 10 per cent. stock dividend, In addition 10
the regular per cent. quarterly dividend,
for the current quarter" The report was
signed by Edward II. GOh, president and
general manager; A. j. II. Vanderventer,
treasurer, and Gregorio T.. Gonzales,
secretary. Accompanying IL was the
treasurer's statement, showing assets OF
81 ,O45, ,364s5, and surplus OF tj4O, ,73j.O4
This was on January /, 1891. On January
20, 1921, the secretary informed the STOCK
holders that the 2 per cent. quarterly
dividend, and the 10 per cent. extra stock
dividend, had that day been declared. In
February the cOmpany's advertisements
| were still running in the New England pa
pers. March "a, 1891, Gof issued circular
headed "very important" IL was sent 10
| "The stockholders OF the unfortunate
American Electric Manufacturing com
pany," and prOfessed 30 be for the purpose
OF correcting the Misrepresentation Oi hi
actions made by those who wished tC
"shield themselves from the consequences
Of their rascally aud dishonest acts
At this iuncture GOf was taken sick
The company Immediately found itscll
adrift. The treasurer, Notwithstanding
his January statement, had no money u
pay rent or salaries. Their landlord dis
possessed them; the six or eight employee
OF the Office, and in the export and finance
departments, wanted their money; thing'
went from bad TO worse until, on Thurs
day night, Goff died; and yesterday, the
American Export K Trading company
was turned out OF its office.