Forest City press. (Forest City, Potter County, D.T. [S.D.]) 1883-19??, 1912-06-13

FACTORIES AND N .
NrOm lava Factories

The owns in Iowa which are Lir
most successful in starting and keep
ing prosperous factories are the towns
in which the bankers and The. manu-
facturers work close together. in fact.
where the bankers are manufacturers
and the manufacturers are bankers.
"Boosting' is all right If it is DON"
right. but it is not in il with banking
as u factory getter.
The best way to- get u factory is
not to have it nov i'm. but to- geL IL
to start right there in your w toMn.
i one iowa city of 5000 people has II
factories. every one Of which starte,!
and grew up right In that town. fFhc
soil is no more fertile there for !lt-
tories than is the soil of another Iowa.
town which has 5000 people and only
three small. two of them very small,
factories. Factory seed is plentiful
everywhere. too. \ factory seed IS -
man who wants to make sclnetEi,S.
You plant that seed in the good, rseii
soil of skilled labor. moisten it with
u safe and sane banking credit. -tad
i'm tho sunshine of our unlimited Amer
lean market it will flourish lika IL
Green bag tree.
The facts stand out so ann man s,sn
see them. lie who runs ma read. Nr
have the seed. the soil and the sun.
but the moisture is skinny. The seeds
arc apt t" be attracted away TO states
where there is more moisture with the
same sol! and sun.
At least 500, OOO, 900 of investment
capital grows out of 1owa's facuis;
every year. by Investment capital wc
mean money that is left over to put
out at Interest," after all expenses 81
raising the crop have been paid. IL
we could only just get that TO settle
Town into our factories and work hero
ut home
We'll. why can't we? There are twn
main reasons. First. the air is full ot
wild stories of people who get sic's
over night. Dur billionaires who were
nave soured our common sense. Moth
ing less than 100 per cent per year
looks like good interest. Enter tsis
gold quarry" the coffee and rubber
Forest, the western ranch, beautifully
engraved in tints OF green and Drawn
On heavy bond paper.
Second. there are paper factories as
we'll as pa DER gold mines: and. Mira
bile dictu. h paper gold miner beacs
a strong resemblance to the paner
manufacturer: the same shifty Eye. the
same wonderful flow of language, tirs
same soft hands. the same profcuaa.
fruitful dip. There is a difference, how
aver, In the effects of their work. After
The paper manufacturer has got to u
capitalists strong box once. Mr.. Capt.
talist closes up. after his recovery. ce-
nounccs all faith in manufacturing, IL
%aounces all manufacturers and manu-
%facturing end turns to good, old Iowa
land which has never failed him. Tho
tact Is, he was dealing with a male
factor and not with u manufacturer a
capitalist should clearly realize the l;if-
terence between these two. But when
we have good lowe lan to invest in.
what's the use %bothering to find out
the distinction" says one. Blu after
the paper miner and ranches give a
rural investor a bite of a salted Mite,
a Saskatchewan glacier or u Elor;sa
swamp. il he don't like the taste ne
thinks he ought to save some more.
The reason for this is unknown. Con-
gress is not Investigating. May be
because n good turn deserves an
other or because like cures like. Any
way. they get the money.
Now, to ease this matter ,lp. Kansas
has a law. They call it the blue sky
law. 1t kills both the Made in Aci-
IONA promoter and the domestic made
factor with one swat. as it were. Here
is the gist OF the law:
Section I. All corporations. co-rart-
nerships and associations both foreign
and domestic, are under the law ...d
are named investment companies.
Banks, trust companies. real estate
mortgage companies. building and loan
associations n corporations not fo,
profit arc excepted.
Section 2. Such investment companies
cannot sell any stocks. bonds or ofIe,
securities of any kind or character.
until they shall have filed with tho
state ank commissioner
\ statement showing in full detail
the plan upon which it proposes to
ransact business.
A copy of all contracts. honls or 9TH
err instruments which it proposes i,
make with or sell to it's contributors
A statement which shall show tho.
name and location Of the Investment
COMPANY. and an itenlized account 81
it's actual financial condition. and the
amount of it's property and liabilities.
and such other information torc],jpa.
its affairs as the bank commiss;on,r
may require.
Section 3. Every document shall, be
verified under oath.
Section 4. Every foreign Investment
company shall also file its written CON
sent. irrevocable. that action may be
commenced against it in the prone,
court of my county in which n cans.
of action may arise or in which th,.
; plaintiff may reside. by the service of
process on the secretary Of state.
Section s. The bank comm;ssiona,. :.
to thoroughly investigate the .loc,,
ments filed. and. If necessary, ali tl,a
affairs Of n investment COMPANY ~
the business. in his Judgment. pro,n-
ises Il fair return on the stocks. honds
and other securities" he shall iss,,. :,
permit to do business in the state ~
the bank commissioners finds tho COW
pany not solvent or that it does mot
promise !: fair return, he shall not;r..
the company and it, shall be u~nlawfn,
for it to do bushes in the state
Section s. All companies shall Ala or,
December 81. and on June 30 of ean,,