Forest City press. (Forest City, Potter County, D.T. [S.D.]) 1883-19??, 1915-09-08

from damages for the nonfulfillment of
its terms, "if such nonfulfillment is
caused by fires, explosions, strikes, the
act OF God. exercise of government
control, or for any unforeseen contin-
gencies beyond the company's control,
not due to the wilful breach on the
part of either of Them"
One hundred thousand dollars was
to be deposited with the Bankers
Trust company in escrow to protect the
American Oil & Supply company, and
a bond OF $4,000 was to be executed
for the satisfactory performance of the
contract. The American Oil & Sup
ply company further agreed to trans
fer to DR.. Schweitzer under the same
terms any additional quantities of
phenol that it might obtain from other
sources. h agreement was signed
June %. 1915, by the American Oil &
man. president and general
and by Hugo Schweitzer.
Receipt for 100000.
h receipt is also annexed TO the
agreement:
Received. June %. 1915, from Hugo
Schweitzer n hundred thousand dol
lars $4,000 O01, in trust, to be held in
pursuance OF the terms of the within
contract as security for the perfor-
nance of the same, and said sum OF
500. 900 dollars shall be returned by the
vendor [American Oil and Supply COM
panyl to the vendee Hugo Schweitzerl
when such contract shall have been
performed, or in the event that said
vendor shall fail to perform the terms
of the within contract.
American Oil and Supply Company.
WIN. H. Hoffman, President"
DR.. Hugo S~chweitzer, president and
director of the Synthetic Patents COM
pany. III Hudson street, is a prominent
German-American citizen of New York.
He is also president of the Printers and
Publishers association. organized for
the purpose Of establishing a news
paper in New York that would be .hon-
estly neutral" The office Of the as
ISOLATION Is at $50 Nassau street.
He took a prominent par in the re-
cent Utica meeting OF the New York
State association of the German-Amer-
lean alliance. at which he was Of
the committee on resolutions and one
OF the delegates who Endorsed the state
ment Of Henry Weismann, president of
the state association, that the solid
German-American vote would be cast
against President Wilson IL he became
a candidate for president in 1916.
Before his connection with the Syn
thetic Patents company DIR. Schweitzer
was known in New York as a chemist,
being honorary secretary Of the Society
of Chemical Industry and secretary of
the committee which in 1909 invited the
London chemical congress to meet in
New York in 1912. He is SO years old.
The Synthetic Patents is cap
italized at $4,000.
For imperial Government.
The company under the same date
sent the following letter to DR.. Schweit-
zer:
"June %. 1915.
'Dr. Hugo Schweitzer, III Hudson
street. New York city-Dear DIR.
Schweitzer: This is to confirm our
understanding with you You have en-
June %. 1915. a copy Of which is at
tached hereto. o nave entered into
this agreement on behalf and for the
account Of the imperial German gov
eminent, and we hereby, on behalf Of
said government, Internationally guar
antee you against any loss or damage
whatsoever which may accrue to you by
reason of your making such agreement.
You have agreed with us to pay to
VS. on behalf OF said government any
and all profit which may be received
or which may accrue to you by aso
of said agreement On the transactions
relating thereto"
Evidence is also included in the COR
respondence in possession of the World
to show that the German government,
while plotting to prevent the allies OBJ
tanning munitions Of war. Is eve now
financing q plan to insure itself the
output Of shrapnel castings Of at least
n concern in this country, the manner
OF shipment and delivery not being dis
closed by the correspondence.
The active parties to this undertaking
are Hugo Schmidt. room 1881. 1875
broadway, acting for Financial Direc-
tor Albert and reporting to him. and the
hHlnNAnnNH pMn@0Ntfln NnNnY0nVy nH
Bridgeport, Conn. The Guaranty Trust
company Of this city. through Assistant
Manager Belinger, acted as the repre-
sentative Of the projectile company in
some OF the transactions In connection
with the secret acquisition Of the con-
Germ. The Deutsches bank Of Berlin
assumed responsibility to the trust
company. subject to the usual commis-
sion OF one-half Of 1 per cent.
Approved ~ Won Papsn.
The contract between the p~rojectile
company and Mi. Schmidt was referred
to and approved by Dr. Albert, Captain
Won Papen and n. r.. Llndheim. Carl
Heynen. the legal representative Of h
p~roJecttle company, represented that
concern Ia the negotiations
from h agreement, which 10 quite
voluminous. Il appears that the output
or the pro3ectile company was to be
manufactured under the specifications
Of b United States government. and.
~ possible. inspected a. tested by it,
officials.
Il also appears that the German rep-
struction Of factory buildings. On June
%. tor instance, Mr.. Heynen reported.
70 DR.. Albert Captain Won Papen. and
NJ. IAndhelm that etho most important
butldinues foros and maehihe shops are
80 1oirl,v aasas~ Ss..vs nenoace nAankiS.