The Detroit times., 1916-12-05

their money. 81; that De was not
cling any more OF the stock.
We were stopped. first hy the
.orua. notice OF the commission. ~
le said and Informally by The De
,.olt Times"
~ C. Cornelius former secretary
or tre securities commission. and
-ery.ns A. the tine the Detroit
brokers were notified that their IL
ceasss hsd been suspended. pend.
'as he hearing Friday. said Mon.
Gas that Re had an appointment 20
-,cter vith NJ VOORHEES, on he
Earyoun matter during the after
ccon In this conference. Mr Voor.
les said be expected 20 obtain
.ts remaining facts concerning the
operations ot tha Harroun brokers
tt enable h!m r1 complete his in
fe>tisati0u No action IS content
plated however he stated until
after ne securities commission
EssrnK Friday
Mr. Cornelius said thAt y was his
opinion. and he believed The com
mission 3. thar the lstter's warning
against further bGyinE OF HaTroun
stock thru The Ttmes and other
news papers. had served much more
effectively 20 check the sale rhan a
prosecution
He declared that Detroi, brokers
had been warned by hin in letters
against theIsale q Harroun stock BE-
fore he commission had suspended
the licenses 81 Haroridge and Shsf
r.
haven't copies og TIE letters
before me nov hs said aud would
nos ike 10 guess az fhe aam~s. but
wco 20 number ~ brokers that
tre Harrpla stock had not been ap-
proved and that they must stop sell
ing They cid not heed this worn
Ing however. aad were violating the
IsT nos only before wa brought the
matter tU their notice bur after
wards
Mr. Cornelius said cha, it vas
some tine after this thar ~ served
notice % the sUs pension % these
brokers licenses He WAS unable o
serve the notice 2 person. and sent
another man This man be said. re-
turned With the Information that one
man accepted service without rom
ment. while he other declared Yog
might az well have held thIs up-th@
newspaper have pu' " ora of blst
Z ness."
on rae facs of d, thr Harro1n
proposition never appealed 10 M
he declared
You think o. a stock5obb.ng prop
0sitloa then
Absolutely
Detroit business men tUo weeks
ago supplied Richard = Lee general
coun sci for the National Vigilance
committee ~ he Associated Advpr
Using clubs 81 he World with 4 ds-
tailed repor' covering every brOspr
and Official handling the Harrour
corporation and IT'S stock. both IN
New York and Detroit This report
VI 'ornelius said. had also been
, placed p The hands ~ AttOrney Gen.
a-si Grant Fellows. Coun el FOR fhe
Michigan Secufltisa commission
WhiIo he contents pf this report
have not been made public. Il is an
s@rstDod that Detroit business men
Who assisted Ia its compilation had
received Inquiries as late a. Thanks
giving from prospective investors 10
Hsrr0Yn STOCK. regarding the advisa-
siii'y ~ investing a. much a. $4,000.
and We're warned sgaIns' such a pur.
chase
NJ Lee Who lives IN Cleveland. re.
turned home only Saturday night
from = ~ DAYS tour Of other cities
the Harroun stock. and
said The only statement ean
make - this time is that the public
has right 20 believe the advertising
j. reads. and it IL the duty every
newspaper owes 10 its subscribers 20
protect them IN that right Ia ms
opinion any newspaper which know
ngly accepts false and fraudulent
-opy - party % the crime Of ob
aiming money b. false pretenses.
a statement on the isrrOIn prCpo.
,ifi0n viii b. issued s0Ou b. Tie As.
socIateG Advertising rigbs ~ the
World, Mr. Lee says