Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1910-10-02

been associated with the care OF Mr..
Twombley's estate which contains 4 most
romantic tale. There was discovered in
the remote southern part of the United
States, but At a place not definitely stated
for reasons OF expediency, evidences OF
the existence OF a subteranean lake con-
tanning pure sulphur In presumably mex
haustible quantity and OF very high
quality
The question, however, was how to reach
this lake and how 10 utilize the sulphur
which IL contained through mining opera
lions. Various experiments had been
made but none was successful. OF one
thing the men of science were assured,
and that was that between the surface
OF this lake OF sulphur and supported by
tho lake lay a great deposit of quagmirs
or some kind OF earthly substance which
was intractable.
At last an European scientist was called
into consultation. He made thorough
Investigation. He was satisfied that sui
phur, pure and inexhaustble. lay at con-
siderable depth beneath the surface, and
he believed that he would be able to devise
method by which the sulphur could be
reached to commercial advantage. Salts
fled at last that his process would prove
successful, he started out to secure the
capital needed for developing the property
He visited a number OF capitalists and
asserted that he was convinced that the
methods he had devised would prove suo-
cessfuL He also intimated that a salts
factory agreement could be made with
those who held the title to the real estate
to work the sulphur mines upon a royalty
basis, so that 10 money would be needed
for the purchase of the property.
At last this promoter ventured 10 cali
upon Mr., Twombley. 1t was not long be-
fore Mr.. Twombley's health began to fail.
At first he found Mr.. Twombley cynical or
indifferent but at last he was able to
stimulate a little interest and was SUCCESS
full finally In persuading Mr.. Twombley
10 take up the proposition. Mr.. TwomDIey
was told that not more than $4,000 would
be needed to put the process into operation
1t was also suggested that with this ven
turs no other money would be needed. The
proposition made was to the effect that a
company should be capitalized with this
$4,000 and II any other stock were issued
the SIS, 900 should be the sole cash basis.
Furthermore, the scientist was 30 thor
oughly convinced that the proposition would
work that he professed 20 be willing to
take his pay In stock Of the company, "A
small block OF It. Mr. Twombley was at
last persuaded to make the investment. He
turned over t25 90 in cash. company was
organized, with a small capitalization, and
the promoter who this summer met dis
tinguished Americans at Carload, where
he related his experience, received a small
block OF stock, siXty-five shares. What the
par value was is not known But 1t was
presumably 500 a share.
The process proved to be adequate The
sulphur was reached ana was handled to
commercial advantage, 1t was of such high
quality and so easily mined and handled
that the profits for marketing It exceeded
the utmost estimate OF the possibilities, as
these were set forth to Mr.. Twombley. Last
year the promoter. who received Eixty-fivs
shares, was, according to high authority,
paid 10000 dividends upon these shareH
II there has been q like proportionAte pay
ment In the way OF dividends, excepting
possibly In the case OF one or two OF the
gold mining companies. or It may be in
the case Of what IL called the Sewing Ma
chine trust, the public has not yet learned
OF II. Mr. Twombley's returns were in a
single ysar-that the last Of his iife-Ap-
proKimstsly F75O,OoO-Holland in PhiladeI-
phis Ledger.