The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1911-04-21
|. {. LEWIS MAKES
AN ASSIGNMENT
rms OVER PROPERTY TO
TRUSTEES WHO WILL MAN
AGE ALL ENTER
PRISES.

TOuis Publisher and promoter
Cannot Liquidate and Had to
Make an Assignment - Serious
Losses Encountered Recently Ex-
plain Trouble says Lewis.
The people of Caldwell are un-
ubtedly more or less interested in
E. G. Lewis, the st. Louis pub
her, promoter and general hu-
anity uplifter Mr.. Lewis intend
building a women's chapter
use in Caldwell. The erection of
a structure will be indefinitely
stponed as Mr.. Lewis has been
reed to make an assignment of
his property holdings at Uni
rsity City. The Tribune some
eeks ago called attention to the
let that the people of this city
ere taking desperate chances in
lrning over their money to Mr..
evils. His ability and his inten-
On to carry out his promises were
Iriously questioned. The Tribune
the request of prominent people
this city undertook a little in
estigation with the result that
eople of Caldwell have been saved
bveral hundred dollars.
The Tribune feels no particular
appiness in the fact that Mr..
evils has fallen down. In fact we
ave never yet received one par
Gle Of joy out of the failure of
by man. We are glad that this
aper was the instrument by which
be people of Caldwell were warned.
ge are sorry that we did not un-
ertake to uncover the facts SOON
].
The Tribune quotes below from
be st. Louis Times. The account
4 the assignment appearing in the
lines seems to be the most con-
erVative and unbiased. 1t is fair
+ to Lewis than that of any other
t. Louis paper which we have seen.
he Times of April ~ has the fol-
owing:
Il have made a complete and I'M
|ualified assignment of all I own
IN earth" This statement was
nade by E. G. Lewis, mayor of
University City and founder of the
lewis enterprises, following a dir
ectors' meeting in the Woman's
Magazine Building, when 1t was
greed to pool the various Lewis
interests ar put their management
p the hands of a committee of
lhree trustees.
Serious losses have recently been
encountered by some of the leading
Enterprises I have founded" said
Lewis. 1.-THE hostile altitude of
|ome st. Louis newspapers has been
Pne of the principal causes of these
|osses, and the Lewis Publishing
company, the parent enterprise, has
Peen the principal loser. The pres
Pnt reorganization of the properties
which consists of pooling them in
Tne hands of managers OF recog-
pied ability, is designed to remedy
Inc condition, to liquidate thos.,
companies which have been losing.
20 nurse those which have been
Farming money, and to soil such of
ne assets as can be disposed of on
favorable terms"
Several Eastern publishers who
nave been cooperating with Lewis
III tho American Woman's League
are heartily supporting him in the
pan to reorganize the properties.
All the directors, including F. V,
PUTNAM, W. q. Miller, John w.
Lew'9' brother of d. q. Lewis, and
Gal McCarty, have voluntarily re-
signed. and Lewis announces that
'ney have turned over all their in
I'rests. For the presen. the prop,
sr'les will be conducted by John H.
of New York, wao will acl
It controller until the committee oil
.hreo trustees Ia selected by the
All OF US have mads complete
said Lewis; land w
nave asked creditors of the enter,
PFites' including the stock holders t.
make a similar assignment of thelr
''olms. The trust committee is tc
the enterprises for fv,
years. unless they so 1ner restore
mem to prosperity. When this II
lohe each person interested will re-
'''Se In full the amount of hi