The Monte Vista journal., 1919-03-29

40 much In tho shape OF assets In tbs
circulars sent broadcast that tho
Company should h,o = abatement oi
March i7th. 1919 which shows the
real sssets At $500. 1000 10 u. 400. :.
10000 loss than Mr.. vscrkamp ssyu
the mschinsry alone 10 WORTH
A. Ass~@ps 10 Collect Cspsld
Subscriptions
| II Ia plain that the employ msni OF
Mr. Ncctkauap IL to make an attempt
TO collect the large amount OF unpaid
subscriptions which remain due the
Pan Motor Co, In the San Luis Val
ley. Tho Company IL now making .
strenuous cnort to collect through
tho malls and We can OF course cx-
poet Mr.. vccrkamp to make every
rhort to persuade subscribers to pay
up which IL proper as he has boon
employed by tho Company to do. no
doubt.
However wc suggest to those who
may feel inclined to pay on soiicita-
ton either by mail or through MIR.
Vccrkamp-that tho wiser plan for
them would be to hold their money
and await the outcome OF tho various
proceedings now pending which will
without doubt determine tho real
character OF the Pan Motor orxanixa-
ton.
There is first the criminal case at
Chicago In which tho oniccrs and d.
rectors stand Indicted for ALLEGED
fraudulent practices In the use Of the
malls In the sale Of stock OF the Pan
Motor Co. Il is true that the ofY,ccrs
OF the Company mako light Of this
proceedings but We all know that
our Federal Government In . very
serious and able prosecutor.
While those prosecuted are entit-
led to the full protection OF the pre-
sumption OF innocence afforded by
law yet they cannot complain II some
measure Of confidence is withdrawn
pending the outcome of this case.
Again you should take into con-
sideration tho fact that the Capital
Issues Committee In its report to
Congress stated that the Pan Motor
Company was . typical stock promo
ton scheme and classed II Of the
kind that should be suppressed.
Again you should take into con-
sideration the fact that the State Sc
curity Commission OF Minnesota, the
home state Of the Pan Motor Co.
suspended the license Of the Pan
Motor Co. to sell stock in Minneso-
IA. The full order 10 published with
this report. You will notice that the
Commission contends that the H.
cense OF tho Company was suspended
Sept. 1st. 1918 on account Of failure
to comply with the orders Of the
Commission and that q formal order
was entered Dec. 18th, 1918.
When the company 10 barred tho
sale OF stock In its own state where
the people know and con see the
affair at close range don't you think
that you ought to use q fair degree
Of caution In the payment OF your
money even though assured by Mr..
Vcerkamp Of the value Of the assets
Of the Company.
Again you should read the report
OF Dewey c. Bailey. Commissioner of
Salty and Excise. made 1n a hearing
had before them on an order to the
Pan Motor Co. to show cause why
its license to sell stock in the City
and County Of Denver should not be
revoked.
Dosen't 1t look like 1t would be
wise for you to keep control Of your
money until you can get at the real
facts?
We can assure you that before
these suits which were filed by the
Pan Motor Company have been tried
that we will know more OF the real
facts as to the financial condition
Of the Pan Motor Co.. and this in
formation will be in definite and con-
crete form.
We have no intention OF being
blurred and silenced by the hling Of
these suits and II the Pan Motor Of
ficials thought that We would be
frightened in any manner they will
find that they are entirely mistak-