The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1912-12-18

ASKS FOR
RETURN OF
HER MONEY
Continued from Page y

months Ill WHICH lHcy sun SldtS tH"
it is good for seven months longer.
am going to Chicago this week ia
take up with the Burlington company
who controls the L. w. & d. C. Ry,
in regard to the purchase of the frogs
on their line. The Santa Fe have
ordered one to be installed in
Guthrie, one in Newton, Kansas,
and one at Topeka, Kansas, and we
feel quite confident that it will be
adopted by the santa Fe system We
also have some very strong pros
poets with other railroads in differ
ent parts of the United States.
Outside of this business we have a
very large trade through this state
and the southwestern country, but we
feel quite confident that this will
make the greatest hit OF any depart
ment Of our business, and we are
selling treasury stock at par for a
short time only so as TO give us
Sufficient funds to thoroughly de-
velop this invention. 1t is true that
Mrs Speed has already bought stock
in this company and now owns
100000 worth of stock i nthls com
pany, The stockholders are among
the best people of the city. The stock
IS made up of $4,000 share and we
will send you any amount that you
mayawant Of same.
Pleased to have you to advise me
the amount you care for and we will
have certificate issued and forward
to you for same.
Thanking you for the inquiry we
remain, Yours truly,
THE SOUTHWESTERN IRON CO.
c. II. MARTINDAI4E Pres
p S.-Some of us win likely be in
City Wed. if you desire will call ana
explain further
Jan Sth, 1911.
Another letter written by Martin
dale to Mrs. Moore as late as ANil,
1912, which is herewith printed, in
dicates the unusual manner of sell
ing stock. A stock certificate for
two shares of stock was made out
and sent to Mrs. Moore before the |
moneN was received for same.
Mrs. Chas. l.. Moore, Oklahoma City, |
Okla
Gear Madam: In reply to yours
of the nth, we herewith enclose you
stock certificate No, 473 for two |
shares of stock in this corporation
TOR which YOU please to mail us your
check for One Hundred Dollars
100000.
Trusting same will receive your
prompt attention, we remain,
Yours truly,
THE SOUTHWESTERN IRON co,
G. H. MARTINDALE. Pres
April 49, 1912.
In her petition Mrs. Moore
states that about January !, 1907, the
defendants who We're officers and di-
rectors Of the Southwestern Iron
company, formed conspiracy to
falsely represent the condition Of the
company and declare fraudulent divi-
dends not made out of the profits of
the business, hut being substantial
impairment Of the capital of the com
pany, with the intent to deceive the
Aduoe persons with money
to buy stock in the concern.
In pursuance of the conspiracy it
is alleged that in January, 1907 al
though the company was indebted
10 the extent of $4,000, thus exceed
ing its capital stock of $25, 900, the
defendants declared a stock dividend
of 25 per cent, which impaired the
capital Of the company to that ex-
tent, and although no profits mad
been made, falsely represented =
through the public press and other
wise that the company had mado ?
arge amounts of money, and in
,reased the capital stock to $4,000;
n January, 1908, like false represen
ations were repeated and an alleged =
fraudulent dividend of per cent de- ,
Jared, a further impairment of the !,
capital of the company, which had
made no money in its operations. but
lad piled up an additional indebted
ness of $4,000, and in July of the
same year. despite still more loss in
operation evidenced by a further in
,rease of some $4,000. a like divi-
lend of per cent was declared and