New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-12
ned about December z. concrete and glass

proposition, and led table with the ar OF q" 'p
about take your eyes Then he proceeded to produce
the illusion Had we heard of Fordp One share of Ford stock
would have made enough for all time Here now was an
other opportunity We had heard of HupP fuPP had oeSs
much better than Ford could see tor ourselves ao
the Emerson Motors Company could produce to sell Tor @''
and make profit Of 500 each He multiplied ooooo oy
800 and derived profit of % cent in WV Tor Emerson
Motors Common with surplus of $450000 Would we
subscribed We asked why asked to subscribe ana not
buy outright He said could not issue the STOCK
could issue only receipts for subscriptions when all the So
subscribed for then the subscribers would get their stock
certificates The proposition that subscribe tor the stock
much down and finish payments in insament' by the time
paid full should have the stock itself hen we
noticed that blanks and all the around the place re-
ferred to subscriptions.
We were difficult customers We did understand why
we could not buy the stock outright neither did he clearly
The only could think of that 1t people had the
very stock their hands they might sometime be OF little faith
and try to sell on the Wall curb market The salesman
could say.
Perhaps we were interested in the IF that it. then
he had another proposition If subscribed for oO shares at 81
share next year when they fully paid for could ex
change Motor and have = lett tor
estate At 81 share so shares would be $3.50 and half OF that
would be $7 Therefore should be buying 1895 Emerson
for SIS We asked him how s39o Emerson motor
which profit only 500 could be sold this for SID
and he said stock would enough to make the
good
He showed the picture had in the wlndo"
the $250000 Emerson plant unit concrete and glass 1t
Long Island and nearly finished Motors would be IN
process of production there by the end of the
The fact, know, that this plant had been
that the idea of had been abandoned Instead
old factory had been bought at Kingston, N Y.
seemed taking this salesman long
The head salesman nevened to ask what the
We said had thought that couldn't buy
stock outright He said better subscribe but anybody
wanted pay for stock full he could have it. How much did
We confronted him with the discrepancy between his
statement and of first salesman There something
wrong We had heard of people who bought stock and got
it. How much do you want2 he asked again. producing
thcae of stock of his pocket We asked how he could do
that Was he the transfer office of the Emerson Motors Com
pany? He put back the stock certificate and said of 1t
would take enfour hours the stock from the
and deliver We pretended have begun dsbeeve
thing and up purse hereat he became anxious He
bluffng and AT last said: Just to make
this and what happens will down the
for share Of stock You from the company
and deliver wentyour hours. Now let's do it.
When you get it, what them he asked.
Then we see
You this is just see.
Yes.
He took money and gave a receipt in full. Then he
followed the door say that had better quickly
toward the opportunity because the price would positively
be advanced to So share within weeks.
This stock for which paid 81 the stock for which
Wilson pays the Emerson Motors Company Sis.
There of acertaining definitely how much money
altogether the public has Emerson Motors Company
shares because nobody knows what price persons
styling themselves brokers have sold the they get
from Wilson They selling 81 share They sold
lower the They have evidently sold above ZOO 600
shares and the average has been So share that ST 900
from the public Then there had been sold up September 80
last $751; 040 of preferred stock Altogether the public has put
between and and and half dollars
into the shares of the Emerson Motors Company.
Now let how much of this reached the Emerson
Motors Company has rendered of and liza
blites of September 30 last as follows:
ASSETS
Cash In bank $307 44S
Wilson's still unpaid for stock IS per share 1872 500
Accounts receivable NEUTRALITY-SUSPICIOUS.. 3S342
Materials tools and patterns. Observation-Disclosures. g. 100
Common stock in Treasury ................ 909 480
Plans specifications drawings, ec........... 5000 900
Preliminary expenses Observation-Disclosures. 9404S