Kingsbury County independent. (DeSmet, Kingsbury County, S.D.) 1894-1929, 1909-07-02
Herbert +. Olston, who recently

graduated from the University at
VermilliDn, received word last Thurs
day that he had been elected instruc-
cor OF the cadet band and orchestra
in the high school at Trinidad. Colo
RADIO, for the coming year at a salary
of one hundred dollars per month,
He will have some work IN history iii
connection with the music, and friends
believe will make a success of the
undertaking. We congratulate Herr
bert upon his election to the impcr-
tant position bat are sorry he is to be
located So far away from the old
home. Lake Preston Times.
1t is doubtful if the companies
handling imported stations will
ever again be able to enter this local
ity and organize a farmers company
for the purpose Of purchasing one of
their horses at a fancy prce, and TAX
ing a joint note therefor, We were
told by one farmer friend who went
into the company which purchased
what is commonly Known as the
Kruger horse that 1t would cost him
about 10000 to get out of the deal.
1t happened like this. The agent
interested q number OF farmers in the
deal, aud if all had made good the
cost to each would have been about
$4,000. The agent her went out
among those c~onsentipg to enter the
comany TO obtain their signatures to
a joint note. Our friend, who is a
good farmer and financially respon.
sible for more than the price Of the
horse, was one cf the first TO he in
terviewcd aud To sign the note. Later
il transpired that some of the men
who agreed to go into the partner
ship, and who were financially re-
sponsibie, refused to sign the note,
This left only a few to bear the bur
den of debt, but their m were al
ready attached TO the joint noe, which
made all and each of them holden for
the full amount. Thus it happens
that some OF those who went into the
deal to purchase the animal referee
to are stuck for about $4,000 instead
of $4,000, as was at first supposed.
To make the matter worse, the first
animal proved to be worthless The
company replaced the first animal
with another equally useless, which
animal is now performing the duties
of an ordinary $4,000 draft horse for
Thos. Mears. The Mclaughlin COM
pany from which the animal was pur.
chased, has agreed to replace this
second stallion, and a representative
Of the farmers will visit the stables
at st. Paul within a few days to make
the selection 1t is to be hoped that
this third stallion will be of value TO
the owners, and thus give them at
least a measure of value for their
money The offer to replace the
worthless animals would make it APP
pear that the company wanted to de-
liver a good animal for the money
received, and they may do so. The
element Of unfairness in the original
transaction consisted in securing IA
few OF the signatures to the joint
note which had been promised when
the few could not have been obtained
il they had known that all would not
sign. The only safe WAY TO enter in
to such a partnership is to incorpor-
ate under the state laws and thus
limit the liability of ths individual to
the share he owns. One mo e W.
we give this advice: sign a joint
note with any man. or set of men,
for any amount under any circum-
Stnncas