Mountain Home Republican. [volume] (Mountain Home, Idaho) 1915-1946, 1918-06-29
Minneapolis,
March 2, 1917


secured by ten notes Of $4,000 EACH given by good North Dakota
and all October December
additional securities 125OOo
to be cshed from August LIST December 1s The amount
each check being approximately $1,000 these
ten cents exchange will be allowed addition the actual
collection.
To the parties buy them
as last as they become due and apply the receipts thereon
the principal note of 100000 The principal
Million Dollar corporation which $S5OOOoO
Liabilities outside OF this issue OF corporation notes From
standpoint this excellent and will stand investigation
from bottom.
you Offering
Q us know at Very respectfully,
REAL ESTATE MORTGAGE COMPANY,
KEED Signed) E. E. Dryden, Mgr
interesting things very
reaching estimate the the league
period.
OF with the operations Mr. Towney confined
North Dakota during the period the
ton much less than when the efforts
states with tremendous increase OF travelling and
headquarters high aaed
managers All this consideration
We find Treasurer Kyes that the commissions paid
organizers amounted to $517655 for the 39O2S members which
Of 1892 commission member OF generally
the organizers paid So member member
ships
present 81 memberships and
$3.50 post check memberships.
The commissions paid have still higher since this computation
Then we know from Mr. Townley testimony that the
$3.50 SIS all
from each SIG membership fee
the 81 organizers commission SIS Leader subscription takes
SO of the 16.
expenses 1s151s6
s502S492
priced legal advisers,
trained specialists various kinds and the of clerks enographer
national aside from the various
state Headquarters would bring the per capita cost in this item mun
higher.
Mr. Towney membership 100000
the s15s1s period asO2s Thus the membership less
while and the
times large certainly would not be amss to
this twice heavy today in 1915 $3.50
per member
This added subscription
takes $1150 of the SIC.
member this could not be
expected less which would bring the total $25o
balance Of $3.50 member for carrying the
works the years.
hadearnd Sixteen
Mr. has possible chance of having
$3.50 expended in the political campaign for which
forward And if fair percentage OF the member
paid dated checks which have to be used as
collateral the above rate of ~ to the farmer who puts up his
of efficiency and
power
Meanwhile split the of
organizers clerks enogphe and others
living in luxury the farmers money.
his leading workers travel in the most paaa
the much hated
in their speeches
Mr. Townley of organizers to his
be the principal speaker to start the applause
give Of enthusiasm to the gatherings
all Of this?
What but from
Townley league?
ask What becomes of the Sixteen Doas
membership 10000 at SIC total OF $24O00OO
which sadly wasted but the beginning
exploitation the farmer who won by
aside being asked to
birthgh band OF Socialc ag1tators ne
grabbing schemes of the Towney
promoters.
Million Dollar Corporation the League Elk
North Dakota and has sold
proportion million dollars worth of stock to the farmers
which shows profit of$l64O and surplus
sSO5O the thirteen months according to an audit reported by
he Audit Co, of st. Paul.
noteworthy mention of the needed larger amount
$4,000 paid In with notes
dividends payable $500 while the revenue
show loss account oaed at $2l
624s5 all Of accrued excepting item OF
while the interest paid and
total 2S355 The notes payable
total $1O285s the liabilities $SO26S7s2 and
big collateral and stock notes pledged as
$23156295 and u s. Guaranty Co anoher iowny
auxiliary collateral, $115,97250
given Of their money freely 10
invested heavily In the Million
Dollar packing promoted by leaders Of the Town
80 country newspapers tny
dollars the Consumers United stores Co..
helping finance various Iowneyeque propositions
hK