The Denison review. [volume] (Denison, Iowa) 1867-current, 1918-07-31
TRADING BONDS
FOR INVESTMENTS
Concern from Sioux City Active at
Charter Oak Where Bonds Were
EXCHANGED for Stock.
STATE AGENT TO INVESTIGATE
Stock Concerns Find "Easy Pickin's "
In German Communities-Much
Evil Caused by Companies.

Des MOines Capital: Mr.. Roscoe
Saunders, who represents the state
of Iowa in patriotic work, under the
direction of the Iowa Council of Ma
tional Defense, has discovered that in
some parts of the state where pro.
German prevails, Liberty bonds have
been willingly paid out for invest.
ments in Iowa and other newly form.
ed corporations.
In other words, those who have
stock for sale in the new Iowa cor.
porations go to the pro-German neigh.
borhoods, thinking that the pro-Ger-
mans will be only too glad to part
with their Liberty bonds.
The spectators who sell stock in
newly formed speculative corpora
tions have found a rich field at Char
ter Oak, Crawford county. Mr.. Saun-
ders recently visited Charter Oak to
look these matters up. He found that
one of the men active in exchanging
corporation stock for Liberty bonds
was man by the name of j. J. Han
sen. According to Mr.. Hansen's own
statement he was born in Germany
and is fifty-six years Of age. He came
to this country when he was seven
teen years of age He is married and
has three girls and boy. The boy
lives in Nebraska and is thirty-two
years of age. Mr.. Hansen's father
served in the German army and also
the Danish army. Mr.. Hansen is
managing the Farmers Grain company
at Charter Oak. He says he thinks
we are on the right side in the war;
SAYS he wants to see this country win
the war, inasmuch as he came over
here to get away from the kaiser.
A settlement where the sympathy
has been with Germany, the agents
of these corporations find easy sell
ing.
aa Traded for Stocks.
Detective Saunders put great num-
Der of men under oath in regard to
the purchase OF stock in the Home
Securities company Of Sioux City, pay
ments being made in part by Liberty
bend s. 80 9 ~
William Staley testified that he is
tWenty-nine years Of age, and that he
ds OF German parentage; that he own
ed $500 worth of Liberty bonds, and
that he traded them for stock in the
Home Securities company Of Sioux
City. Mr.. Staley bought twenty-five
shares. He says he was assured the
stock would pay seven per cent inter-
est, and that they would pay him one
hundred cents on the dollar for his
bonds. Mr.. Staley sold his govern
ment bonds to the agency or John
Hansen.
Edward Pranschke testified under
oath that he is forty years OF age;
born in Chicago, of German parentage;
and that he traded his Liberty bonds,
amounting to $3.50, for stock in the
Home Securities company of Sioux
City. He bought stock to the amount
Of 1925. Mr.. Pranschke Asaid he
contributed $3.50 to the Red Cross and
$50 to the Y. M. c. A. and that he
had bought war stamps to the amount
of $100.
$1,000 Worth Of Bonds Traded.
Charles Green declared on oath
that he was fifty-one years OF age;
born in America of German parents,
and that he had sold $4,000 worth of
Liberty bonds and taken stock in the
Home Securities company Of Sioux
City for the same. He said he was as.
sured the stock would pay seven per
cent. Mr.. Green thought by selling
his Liberty bonds he would have more
with which to buy the next time they
issued Liberty bonds. John Hansen
was the stock salesman and advised
the trade.
Fritz Steffen, age fifty-two years,
born in Schleswig4Holstein. owned
$4,000 worth of Liberty bonds and
traded the same to the Home Securi-
ties Loan company. He was prom
ised seven per cent interest. John
Hansen was the agent who made the
trade, Mr.. Steffen testified that he
was told that the president OF the
Home Securities Loan company was
born in Germany. Mr.. Steffen said
that John Hansen was good loyal
citizen, but occasionally he talked too
much.
John Croll, on oath stated, that he
was twenty-six years Of age; in class
four of the draft; that he traded $3.50
worth of Liberty bonds in part pay
ment for stock In the Home Securl-
ties company of Sioux City; that ne
was assured the stock would pay sew
en- per cent interest. When asked
the question as to whether he would
rather buy the Liberty bonds or be
put in class one of the draft, said he
would sooner buy the Liberty bonds.
John Hansen was the agent in MAX
ing the sale and John Croll testified
that he, considered John Hansen
loyal man.
Henry Neddermeyer on oath stated
he was fifty-one years of age; that he
was born in Germany, and that he
had traded $500 worth of Liberty
bonds in the Home Securities com
pany of Sioux City. He bought TWEEN.
ty-five shares. He said he believed
John Hansen was a patriotic man.
J. A. Christensen on oath stated ne
was thirty.six years of age; born in
Iowa of German parents, and that ne
had owned $1,000 in Liberty bonds,
but had traded the same for part pay
ment of fifteen shares in the Home Sc
curities company Of Sioux City. John
Hansen negotiated the trade. Chris
tensen testified that he had given 50
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