The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1915-02-13

The Diamond Drill,
Crystal Falls. Mich,
Dear Editor:
! take the liberty OF using
your valuable paper as per your let
ter OF the second inst. and being a
careful reader OF your columns and
also having a healthy stomach which
enables me TO digest mostly anything.
and therefore wish to state that you
have stated in your columns OF Feb
ruary 9Th that as manager OF the
John Tufts Company am also d.
rector Of the Finnish & Swedish Mer-
camille Association, which is all very
true according 20 the letter, and it is
also fact that ! have diligently SER
we'd the Finnish & Swedish Mercantile
Association for period OF ten years
as manager. and during that time /
have been a stockholder and director
of the aforesaid Association and at
the present time am director of said
Association. The records of this con-
cern will show that for seven years.
after took hold OF this concern, not
penny was earned by the stock
holders, which would otherwise have
been deposited in some bank and
would have earned at least per cent
to the depositor thereof. but was
laid aside for the sole purpose of
erecting a monument building in the
City of Crystal Falls. The purpose
and intent of this Association was.
and is, to tighten the burden of the
citizens of Crystal Falls and vicinity,
and every person so desiring was in
vited to subscribe for their stock at
the par value OF $1,000 per share,
and every person purchasing one or
more shares in said Association would
naturally become stockholder and
would therefore be entitled to hold
the Office OF director IL elected, and
every stockholder in said Association
would share In the net earnings OF
said Association according to the pro-
portion ofstock held by each. The
book value of the shares are now a
little above par after fifteen years OF
business, but any person who desires
to become stockholder can get one
or more shares and "get rich quick
like the rest of the stockholders
know there is still a great amount
OF treasury stock on hand and If all
is sold the capital stock can be in
creased and for myself will sell to
any living soul in this community one
or more shares OF my holdings in sad
Association, and the same in the John
Tufts Company till / have not one
share left in either place, and at the
book value on December 31st, 1914,
and hope you will induce some or
your outside purchasers to that effect
and you must yourself be able TO
buy one share. am assured that the
rest of stockholders OF these two
firms will do likewise BY doing this |
they, the investors, will get all the |
profits made, and will not then be |
swelling the pocketbooks Of the
stockholders OF Montgomery Ward
and Sears Roebucks
The directors of these concerns,
the finnish a. Swedish Mercantile
Association and the John Tufts Com
pany. elect their manager and II is
up to him TO make good and IL by any
means would embarrass the firm he
would have to resign, as he works
solely for that firm and must manage
the business properly and treat GUS
toners right.
In opposition to the Finnish &
Swedish Mercantile Association there
Is another. viz. Crystal Falls Co
operative Society. which has large
and evidently works on
the same basis and are actual rivals
for new members-bu cannot get
hem because they get the goods at
actual cost
Regarding any trust in this city
his Is pure nOnsense--which has
evidently originated in some weak
minded brain and circulated the
,nly trust we Crystal Falls Grocers
rave Is the trust in God and better
ines
may call on yonr columns In fu-
ure editions, and thanking you for
he space allowed, ! beg 70 remain.
Yours truly.
Charles Neugebauer