The weekly tribune and the Cape County herald. (Cape Girardeau, Mo.) 1914-1918, 1917-02-15
THE FREEZE MACHINE co.
To the Editor of The Tribune:

( To the Editor of The Tribune:
! The manner in which you handled
the Republican in your editorial of
Jan. 81 issue is strictly all right. You
could have added more to what you
said and it would have been more in
teresting 20 the public.
Like you. l want 20 say nothing
detrimental to the future welfare of
the Freeze company, but l was I'M
willing to become 4 party to the
schema that the Row vice president
was trying to perpetrate uron the pub
lie in issuing = statement in the pros
pCctus, that the company expected to
construct 100 machines and the net
profit on each maciinc would be $3.50
or fetal net profit o. $4,000, making
1923 Der Gent dividend on I capital
stock Of Sf5O,000.
As I had charge Of the books from
Feb. 10, 1916. to Jan. j., 1917. and
made estimates on the coSs of all ma
te-ias and the finished product, I
know that tie gross profit CT each ma
chine s not any more than $3.50 and
the overhead expenses must come out
Of this.
I was loyal to the company and
wanted to stay with them and do ali
| could for the success Of the stock
holders. Had Mr.. Thomas VI. Will
Hams, % some one of his type remain
ed as vcic president I would have been
there vet. but I could not remain and
work under a man who issued such
statements as the present incumbent
did in the prospectus Of the company.
| viii 2sk You to please read the pros
pectus over carefully and see what you
think of it, and especially that part
which refers to the Cape Mfg. Co,
being organized with = capital stock
Of S25O,OOO fully paid and non-assess-
able Then read further to where You
are advised that the company will sci
only $4,000 in stool, and hold the
balance in th> treasury until such a
time, etc.
had been told that the citizens Of
Cape Girardeau had been "banl-
boozled" with schemes of promoters
until they were tired Of it, and as |
have a clean record Of about fifteen
years behind me, ! felt that I could
not afford to be connected with con-
Germ that I knew could not possibly
make good on the statements ard I
asked them 10 accept my resignation.
| do not believe there is director
on tire board Of the Freeze COMPANY
tine Old company who would wilfullv
misrcprcscnt anything pertaining toI
the business of the company, and it
seems strange that they would allow
the promoter to make such statmcnts
as he has made. l think it is because
hey do not know the facts.
NJ. J. H. Freeze deserves a great
deal more credit for his past and pres
cnt efforts than he has been given, but
from what | was able to learn while
there, he was in a position like unto
the man who was between the devil
and the deep sea. Between the fear
that the other stockholders will wrest
the fruits Of his Iabors from him and
the willy vaccinations of disbarrcd
attorney. he is likely to lose as much
IN account Of one as the other
The Republican seems TO be very de
sirOus Of the success of this company
for the reason that practically all of
the printing is done by them. but it
should not lose sight of the fact that
if number Of good citizens are stung.
that great part Of the responsibility
would rest on The Republican.
It was brought to my notice quite
number of times while there that your
paper seemed to take q much clGarer
Wow Of things than The Republican.
! wish the Freeze company a long sue
cessful period Of business, but do not
want to see any Of the citizens of
Cape Girardeau lose any hard earned
cash to do it.
With best wishes for all my friends
in your city and your excellent paper,
I beg to be,
Yours very truly.
+. N. White.
Lcpanto, Ark, Feb. 3. 1911.