Catoctin clarion. [volume] (Mechanicstown, Md.) 1871-1940, 1915-09-30
THURSDAY, SEPTEMBER 80, 1918.

In our issue of July 22nd, we pub
lished a story entitled "Swindled,"
in which we said, THAT many per-
sons throughout the country have
been swindled out of thousands OF
dollars by that latest and most auda-
cious of swindling schemes originat-
ing at Scranton, Pa, in connection
with the Correspondence Schools and
its multiplicity of allied corporations
An investigation conducted since
the publication of the foregoing, in
which investigation we were given
every assistance by the officials
of the International Correspond
ence Schools, has convinced us
that we have done great injustice
to the International Correspondence
Schools and to those in charge of the
same. We have found that the In
ternational Correspondence Schools
are a going concern and worthy OF
nothing but the greatest commenda-
ton. They are not connected with
other "alied" companies, as we sta
ted. With them are connected as
subsidiaries, the Technical Supply
Company and the Victor Typewriter
Company, which corporations are
concerned directly in the pursuit OF
education and the sale of students
supplies. The conduct of these COM
panies is perfectly proper and their
success is matter of general knowl-
edge all over the civilized world.
This corporation stands alone
free from all entanglements as stat
ed in our article. The business has
been established for the past 25 years
and is going more successfully today
than ever before. A business of near
ly $70,0O0,0O0 has been done and
about S., 00O,O in profits have been
earned for the stockholders.
Our statement that the stockhold-
ers in this company have been swim.
died is not correct.
At the annual meeting of the stock
holders, held recently in Scranton,
it was voted to increase the bond is
sue by 100000. The placing of
these bonds, issued to help over a
period of poor business occasioned by
the war and poor industrial 'condi-
tons in this country and Canada,
had been arranged for when Phila-
delphia paper commenced an attack
upon the Schools. This delayed the
execution of the loan temporarily,
but it has now been completed and
the Board Of Directors of the cOmpa-
ny has been strengthened by the ad-
dition of six of the most successful
bankers in Northeastern Pennsylva-
MIA.
Papers in many towns have been
carrying stories of the crisis in the
affairs of the |. c. ). Our investi-
CATION, however, has convinced US
that this crisis exists only in the
minds of such people. The banks of
Scranton have passed upon the worth
of the |. C. S. business and have
thought we'll enough of it to advance
nearly 100000. The Scranton City |
Board of Trade has risen to the de-
Tense of the schools and its officers
have been most active in the plan
ming of the recent raising of $500, 900
for the schools. The citizens of
Scranton have affirmed their knowl-
edge and worth of the International
Correspondence Schools.
This paper published the article in
good faith, believing what had APP
peared in papers which we had here
tofore considered to be reputable pub
LEGATIONS. Many of our readers have,
no doubt, been misled by our story
and since we desire to publish the
truth only, we hasten to correct the
false statements made in our recent
issue. To the officers of the Inter
national Correspondence Schools, we
say we regret this mistake, and to the
general public we willingly say that,
after proper investigation, we can
assure them that the |. G. S. belong
to the most reputable class and not
in the list OF swindlers," as we had
inadvertently catalogued them.