Connecticut western news., 1908-12-17
If settled by note dated Dso. 1 ana dus Nov. lths
 following year he would
 pay &22 30 plus n mos.
 Int. ...... ...o1 26 N14 c
CONNECTICUT.

SONNkCTkCUT.
 Terms Nov. o1 per ton oil for cash, July l. For paymenta made prior to- July Int. will bc allowvsdat the rate of 6 per cent. per annum from date of pay ment to July 1. It settled by, note, note shall be dated Nov. and payable ony the first day of the following Jan. witra interest It per cent. per annum. z-o-S ................... t27 b0
 If paid Jniy 1 discount % --s26 5Cs If settled by note due Jan.
 l ...............,......$ ..$27 50
 Int. Nov. to Jan l.. 2s
 -$97 7ss1 Deduct from this 1 mos.
 int, thus making the .# .. date of payment Dec.
 the same as New York $27 IS
 Less mos, Int. ......... IA Therefor the Connecticut farmer pays for his 2-s-2
 Dec. .......r........t27 t27 GA The New York state farm ..... CT pays....., .,.......... 21 66
 $59S , A difference of $5.98 per ton. The Long Island farmer
 pays DecI. .$22 30s A difference between the ... Connecticut farmer and
 Long Island farmer of $5.84. "- If settled for July the.
 Connecticut farmer
 would pay, y,...........,, $2B b0A New York State would pay ........ ..,.,.....,... 21 12t Long Island would pay. 2l 30
 Wishing to be perfectly fair to thsp trust sent a letter to the A. A, 0. Co., and asked if there was any explanation they desired to make, which would give it the benefit of, at the same time made public the above hold-up. The reply is as follows:
 New York, November 6, 1908. Francis Atwater, Esq
 President The Meriden Daily Journal
 27 East Main St., Meriden, Conn.,:
 Dear Sir: Your letter of the 3rd inst addressed to The American Agricultural Chemical company has been referred to. us as counsel of that corporation We wish to state, at the outset that the statements which you make are moor rect and are evidently based upon false information. It would be advisable, be- fore you take any such step as you threaten, that you familiarize yourssh with the facts. Very truly yours, CLIFFORD, HOBBS & BEARD.
 This letter was followed by a visit from Mir. 1olles, the representative of Peter B. Bradley, president of the com pany, who also warned me that I was treading on dangerous ground. It was arranged that Mir. Bradley should call at my office last Friday and tell me wherein l was in error, but up to this time no one has dared to refute the fig ures here given. .t. This fertilizer trust is gigantic in cap italizstion having S20 .000, 900 of preferred. and $20, 100000 of common stock. and is now offering ss,0o00Oo of bonds to it's victims at 94.
 MT. Tolles, it's representative, tells me that it costs more to sell goods in Con- necticut than in New York state. and that the company loses big percentage Ill collections. Its prospectus sent out by Lee, Higginson & O., says it's aver age loss in collections IS less than 3.S of one per cent. since organization of the company in 1899. Its net earnings in 1901 were s1, JOS, ,5l979. In 1908 they were increased to $2, ,625, ,47275.
 The company has paid dividends, az gregating $9,57S, ,772.2s, and has undi- vided surplus of 5,132, ,269.38
 How much of this has the farmer of Connecticut been held up for, I leavss you to answer.
 WHAT CAN BE DONE
 Senator Atwater at the conclusion of his statement said he was ready to, answer any questions and one farmsril the audience asked: What are you going to do about it?'' "lt is up to you farmers, to do some thing, now that you know the facts You can buy the materials and mix themr yourselves according to instructions that Dr. Jenkins of the experiment.. station will gladly furnish or you can buy fertilizer from the independent manufacturers In Connecticut"