davidaulloa/AmericanStories huggingface dataset:
Decorah-posten og ved arnen., 1919-02-07
Saimnis.
auiube isaer Wapurembcbct

&OtltDc tp9er WtGppremucocf I
Chicago. Mra. Scollorn 3. Wteocr,
Ser nirfcr iom Nopofnt / Chicago %
ion1 Tor bar prrct Wcolem al @p.
commissioner, bar bernnc ltec itiaet
iig Tom aapoioat for Mapor. Sun
erflGrer, at Der life err roneil 8rinl0
for at en- apinoe life ifuioe fiinne
ltpre DC Soreneoe Staters nGitItorlte
Sp, % Iaa t%ilisier bi,ll: "Son nogen
n9pne mig Ell al DC M opltilleoe
aanoiooter, ser CT beorc fpaliiiceret
Tor Stiaingcn emo ieg?"
Stprite SpiItulearnie / @crben. -
ariasoepartementet bar nctop goo
fienot Ell Ylan, bporpeo militprc
EpeIier inbfsrcs ueo Gbicogos Sol.
ifoler, Der mco line 1850 Gutter
bill title Sen iterite grme / Terben al
tit SIags. Som 9Grere / bette sSaa
bill anITttes benlmoo ct habit Sinl-
brcoe Irmeoificerer, me0ens Hegic
ringcn bill ifaiie llbitpr til OIL %9roi
al 21a 0iiuion Collars. Sc militia.
re Spelier peo GbicagoS Seiitoler piI
itrar optages, Iiseiom enocI lloitpr
piloe leperes brrtisit nunlig. 9enne
nrlbiae Irme az Seiitolesutter oil /
S%onmerens Sob bape Ell 9eiriam.
ling, % Der er bertil al Meaicrineen
lopct Den neopenbise 6orimning al
Selte. SGpper % anoet til noenosrs
@rma.
Decorah-posten og ved arnen., 1919-02-07
@iscomT,t.
Snpnembuioelie ucS Superiur.

Snumemouioelie ucS Superior. Gn
bctp0clig llopioelic al SupertorS
Saun ifal ioretaaes, ioet &egierin
gen bar beiten1t Jig til at anpenbe
100000 for at ifaiie iterre og on.
bere s~lnferp!ooS for Sfibe. slrbei-
Oct ifol begDnoe iaainart Sfibsfar.
ten aabneS.
Decorah-posten og ved arnen., 1919-02-07
GeeOrab-T oiten, JreSaa ben Zoe Setrnar 1913.

is0c 4eIfpttellc moo Den beftige 80,
% at ban oerfra o6pareoe line Wtrte
moo of iese at q ham, oo DC Der
UNDER piloe rammcs. 8cncro!dolu
tontcn tiger | i'm Sfripelle, at gtcl.
ion uocn Suil 'atteoe, bDor olporllg
bot bar iaoret, % at ban life plIoe
bapc nogcn til itnsoig at ORE lit Sin
Tor ham. Sans liOiic Sanfc a Dc
Mrno, ban bar 6etroet, % 0creE
TeI," %ilutter Sfriuelicn.
Sfnl life trTocs nnocr Teobcr. -
Som Ell Gcntrumg decoration / Stots'
fupitolctS &otruloo por i @ulpcts
Nfarmoriliicr inblugt ct an1crifnlllt
alag, OF DER bar oiie Dem loni men.
tc, at oct uor beipottcligt at irToe
San0ci5 Banner inoleoes unocr 6D0-
Der, builfct uatlrliguis oitc blcu
piort, ga I|eforationen par en- Gel al
icIpc @uIpct. Gn Gag iorrigc llJc
blcu Der / Ell sSnrt beitemt al %eai9.
lnturcn9 Senat, at 3ctorotioncn
ltltl0c tngc5 no al 8llluct, o. Soran-
lconingcn bcrtiI fam eaentlig iiges at
UTrc Den, al Der nctop fom llnorret
uin0 ON Gapt. Oscar y. NclionS
0eo uan S%lngnartcn / Sranfrigc.
Scnotor @bitmore al Wopclo
Goltntp par Ell 9nn1nel &en al Mel
ION % ban be9mlbtc at tUntc pan,
at mc0cna Ran uif Der / aapitolcta
Hotluoo % ipnnftlcrte oper oct onc
rifonltc Stag, ioo oircbe bans qooc
Zen iii @iu Tor bette iornmc Merfe
opcr | IranfrIGc. @on tit itror Sc.
nntct I'll at beor6rc Ell Ta9t lat peb
GIogocforationen, lou oen life mere
lfilloc oanbelligeS, bporpoa SpsroS.
moaIet optogc9 til @~ebanoling / &c
n%ntameoct. Ter cr bit a.brig al
giort noqcn Gag ina brrtig / Seno-
let ionl ocnnc, ibct Der o0cre0c ST.
> G%itcrnioong blcp lat Mfpno / Pr
beioc yleo at iicrne Nloeet no al
@ltIpocforatlonen
Decorah-posten og ved arnen., 1919-02-07
W.fienbt Sutelprrt faloer ira. 9ln

oreIp g. 2arion, m%nngeaarig Sotel-
bort / slberbeen, er nplig afguaet peo
Seben oeriteOs. &an bar Ell beiere-
Itaaenoe Wano / Staten5 Srin1urer.
frcoic og / i'm Sio Stormeiter ior
SplIth Sufotos & : 8. Z.
Decorah-posten og ved arnen., 1919-02-07

ga Ell NcgierinQ&orhrc iorlonNcr, Of our Nbonncr,-
n, ION cr ~tilnqicr@ ufcO NontiuNcntclt, itrnQea al Viten.
oct n~eouenNj9. al cubocr Nbouncnt iormucr i'm Sltp-
rlption, Iouinurt bcnne cr ~ioriaIocn I'll 6ornrclic.
Decorah-posten og ved arnen., 1919-02-07

efip efitr SrspeeJsnpiarr AZ "reesraS.
fsaen % See arnsn". Siuisiie % men ue
tseoie nozzle Slae { smeriia.
The Monte Vista journal., 1919-02-08
Financial Statements Of Pan
Motor Co. Analysed
from Page Five)

CONTINUED from Page Five)
that the agencies which have oppos-
ed and made reports on the Pan
Motor Company were sincere and
should not be condemned and that
he might have done the same.
With all due Difference to the
opinions OF Mr.. Levy wo must dis
agree with many OF those he has
expI essed In his report.
His agreement with Judge Morris
relative to the existance Of fraud In
the selling of stock will not stand
the test OF the facts.
The fact that Judge Morris made
such remark as is reported and we
have no information that he did not
mako the remark, does not or should
not have any bearing on the Individual
opinion OF Mr.. Levy arrived at
through investigation that he made.
II we read the report right the
Government asked for a continuance
whtch was resisted by tho defendants
who were sustained by the court and
the continue nee denied. The Gov
ornment had either to 60 on trial or
dismiss the proceedings which It elect
ed to do. Under this state Of facts
the Court did not hear the evidence
and did not know what the facts were
We think that you attempt to draw
the wrong conclusion by the state.
ment that the Court and yourself
were in effect Of one mind on tht
facts. Does the fact that another
Indictment has been found which ap
pears to be Of wider scope have an,
influence on your opinion and II Q.
why did you allow your report I.
be published aud sent broad cas-
The Monte Vista journal., 1919-02-08
EXHIBIT Il

Extract from report of one OF the
tewelve district committees to the Cap
ital Issues Committee, dated Novem-
Der 26. 1918:
1.-TWO schools for stock salesman
have been established hero
to train men for fraudulent opera
tions in the near future.
II quote as follows from two re-
ports which I have before me:
"He assured me that there was
a better field than In any Of the stock
sales propositions that have been ad-
vertised lately owing to the safety
and the fact that the law can not
touch them
"The above relates to q PROPOSE
ton to sell farmers a ten years
membership in a farmers service
company. for which they are to pay
$25 and receive nothing but the
right to buy goods from the COM
pcny. Tho company has neither
goods nor a place Of business. nor is
there much Of any probability that
they will ever do any business except
to sell memberships. BY selling
memberships they evade both our
committee and tho Blue Sky Com
missions, because there appears tc
be no way in which we can reach
man who is willing to put up good
money for anything 30 intangible a.
the rights he receives under this plan
II quote as follows from an in
ysstieation of another similar enter
The Monte Vista journal., 1919-02-08

Pst~N
The aaies manager gave US =
talk on tho financial condition In
this part OF the country. as woii -
Canada. dwelling particularly on tho
fact that there never was . time
when all the suckers had the money
that 'hoy have at present. Ho said
'ha, as soon As the local stun 10 dis
posed Of there will b. = mAnufacsuf.
Ing project with several millions Of
stock to scll. which will DO located st
Moose Jaw. Canada
The manufacturing project above
rrfcrrcsi to 10 to bc = moor promo
,ion based on tho general plan Of tho
Pan Motor Co. OF 81, Cloud.
II quote "a follows from another
report:
~ asked Mr.. what juris-
diction tho State or Government had
over their proposition and what H.
ecnscs they were required to ,ake
out and whether they had obtained
thcm. lie made tho point blank
statement that they had no license
Of any kind and that the State or
Government could not touch them
and that they were not selling stock.
but memberships
Il quote as follows from another
report:
"'Mr informed mo that
tho salcsmcn In their employ arc
akins more money to-dny than In
any other organization of tho same
kind In the world and that they did
not have any men out who were
making less than $500 per week. sss
Questions from tho mon In the
school In regard to tho financial
status Of the company or matters af-
fcctins Its future operations were
nearly always aHs.crcd by telling
them that Is n matter for tho de-
pcrtmcnt under which II will como.
You are not interested. You are
selling stock"
Reports of this general character
are coming to US at the rate OF two
and three every day. and I confess I
do not know how We are going to
deal with them without some legal
authority which Is lacking at pres
ent. II Is more than clear that at
these western centers the sharpers
and swindlers and promoters are get
ting ready for big harvest
The Monte Vista journal., 1919-02-08

Toe.
Tho financial plan of this corpora.
iion 4. OF particular interest, u -
sued = stock Of tho par value of ~.
but through tho original contract
with Mr.. \. 4 Pandoifo. tts psouoi-
or. this was cold Tor eie. oae-hsis
going to Mr.. Pandoifo under . blank
OF authority requiring only that hs
dsfray certain selling aad oreaais-
Ing expenses. but otherwise 9ivias
him unres,rained personal possss-
sion and owneruhip Of the funds.
This has been frankly presented -
proht for tho head Of the company
for his services. In order to sa:e-
guard this p~rauisite. II had bcea
duly stipulated that the nrsi half col.
lcctcd should 20 TO Mr.. Pandoifo. the
second to tho company.
Tho entire plan IL sei forth In the
hxurcs which va have at hand and
which Mr.. Pandoifo statss are Gu
tirciy accurate.
These show that the company. has
collected up to September 80. 1913.
S3.sts.<Ss.
They show also that the total Il
u.s66.l00. or "a: per cent Of tho
amount collected.
Tho balance IL accounted for a.
follows:
Commissions to saicsmcn 3i.i5s.ss7
Commissions to 8. c.
Pandoifo 6s3,7Ss
Advertising. salaries. etc 6ss.Se7
II will be seen. therefore. that ap-
proxiinatcly 4: per cent Of tho money
reaches the business and IS per cont
soes into organization expense or
promotion profits. Tho expenditure
Of $..:sO.3ss for organization and
promotion is advertised by the COM
pany as Its surplus. and on this basis
II tell its stock holders and tho public
that II Is the only company ever or
ganizcd In the United States or in
Europe with capital unimpaircd.
We are Informed that the company
has some good buildings at st. Cloud
and has invested 3l.555.000 in these
structures. Notwithstan ndinK this In
vestment. they are available only ~
an assembling plant. which could
have been built for . fraction Of this
sum. and are not equipped for COM
plete manufacturing purposes. Ex-
ception should be noted In the case
OF tho drop-forse plant. which Il
credited with . certain efficiency
which has enabled II to handle .
limited amount OF Government work.
There Is no immediate prospect,
however. that the company can at
tain to its ambitious program OF
quantity production OF automobiles,
trucks. and tractors. and the invest
ors In Its stock have only q remote
chance of receiving any return on
their investment. In spite of these
facts. the promoters desired to sell
an additional $1.s0O,OO0 Of stock, TO
yield $3.6OO,O0O-partly to pay
salesmen's mmissions and further
promotion profits.
The Monte Vista journal., 1919-02-08
EXHIBIT G
EXHIBIT G
The Pan Motor Goa Typical Stock
Promotion.


Promotion.
On November 20. after an exhaus-
tive investigation which brought to
light the following facts. an applica-
ton presented by the Pan Motor Co..
Of st. Cloud Mimi. respecting the
proposed sale OF $l,S00,00O OF It's
capital stock. was disapproved by
the Capital Issues Committee as in
compatible with the national inter-
est:
The Pan Motor Co. was incorpor-
ated on January 8. 1917. under the
laws OF Delaware, to manufacture
and sell automobiles, trucks. and
tractors.
The enterprise was conceived by
an individual having no pI evious ex-
perience In the business and without
models, designs. or definite plans for
T reduction. At this date. nearly two
years after incorporation. the origin
al conception has not yet advanced
beyond the experimental stage and
there is no immediate prospect that
the company can fulhll the extrava-
giant promises repeatedly set forth In
its circulars and other matter adver-
tising the sale Of It's stock.
Instead OF directing their atten-
ton to actual production, which
would be the source OF any possible
profits to the investors. the promot-
ers have been interested primarily
II. selling stock. Early In the pres
cnt year. when the Government by
public warning and pronouncement
appealed for patriotic cooperation in
its efforts to conserve the Nations
wealth. the promoters OF this enter
prise undertook an extensive distri-
button of its capital stock through q
corps Of 483 statesmen. The cam.
paign was Of such magnitude that by
September 80 they had induced 50..
900 persons. scattered over 4s states
to enroll their subscriptions to the
extent Of $5,500,000. The average
investment was $40. the sharehold
ers mostly persons of small means
The promoters admit that Libert!
bonds were freely accepted in pay
ment for the stock.
The activities OF this company dit
not come formally before the Capita
Issues Committee through the estab
lished channel Of voluntary submis
sion, but only after insistent notifi
cation to its officers. combined witt
their realization that 1t was increas
!ngly difHicult to sell securities whic
had not been passed by the commit
The Monte Vista journal., 1919-02-08

tho purchasers of Liberty bonds who
are tcmp'ci by unserupuious p,o.
moters To exchange them for worth,
less stocks.
Although the signing OF the arml.
stlco portends the termination of the
Capital Issues Committee as now
constituted within a limited time
axed BY the act itself. tho CON mi,,es
10 unanimously OF tho opinion tina,
Federal supervision OF security IL.
sues. horo undertaken for the nrss
timc. should be continued by some
public agency. preferably by one OF
tho Government departments In such
. form n TO check tn. trasic In
doubtful securities. while impo.,nr
no undue restrictions upon tho nn.
ancinE OF legitimate Industry.
A. no time has tho obligation been
40 definitely placed upon tn. Gov
crnmcnt TO protect Its public from
naancial cxpioitations by reckless or
INSCRIPTIONS promoters. Tho field
has been greatly enlarged by tho
wide distribution OF Liberty bonds.
and tho purvcyor OF stocks and
bonds is no longer put to tho nccc--
sity OF seeking out a sci ct list OF
prospective purchasers with money
to invest. He now has tho entire
American public. and tho transac-
ton becomes one OF persuasion to
trade to trade n government bond
bearing a low rate OF interest for
stocks or bonds baited with promise
Of high rate OF return and prospect
Of sudden riches.
II unrestricted, this traffic would un-
settle tho placement OF hundreds Of
millions OF dollars OF Liberty Bonds.
which ultimately would be dumped
onto the market with a depressing <
effect upon values, besides making
tho patriotic sacrifices OF tho original
buyers OF the bonds come to naught.
It Is partly an economic problem.
partly political. This unlicensed and
unrestricted traffic Is u crevice In our
financial structure through which
flows a constant torrent OF funds In
utter wastage. II can and should be
stopped: but more than that, It Is a
source OF heavy financial loss to hun
dretls Of thousands who have a right
to look to their Government for the
protection l this committee recon-
mends sho aid be given.
As an illustration OF tho dangers
in question. the committee arpcnds
to this report as Exhibit B a quota
ton from q recent report Of one Of Its
district committees. describing the
establishment OF schools for the ed
ucation OF stock statesmen. In Ex-
hibit C a typical case that came be-
fore the committee is summarized
for the purpose OF showing the type
Of promotion scheme that should be
suppressed
Attached hereto and marked "Ex-
hibit d" Is n detailed statement OF
the receipts and expenditures Of the
committee and a statement Of the
names OF all of It's officers and en-
ployees and the salary paid to each
90 Of November /, 1918.
Respectfully submitted.
CHARLES S. HAMLIN.
Chairman
F. II. GOFF,
Vice Chairman
JOHN s, DRUM,
Member OF the Capitol
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-07-10
More Housing Promised.

The prospect of additional relief in
the matter of housing conditions in
the District is a pleasant one for
Washingtonians. The pressing prob.
lem has already been partially solved
in negative manner by the departure
of thousands of temporary residents,
who, having rendered wartime serv.
ice to their country, have left for their
permanent homes upon the termina-
ton of hostilities. Washington dur.
ing the war was a very much under.
built city. The very conditions which
drew tens of thousands of semi tran.
sients to the National Capital mill
tated materially against the building
expansion which would normally have
been the reaction to the influx. Prices
leaped skyward, labor was practically
unobtainable and there was a natural
tendency to discount the conditions
which arose as Of an obviously tenn.
porary nature.
Washington is today practically re.
organized on a peace basis. Real es.
tate men, looking upon the subject
with professional earnestness, have ar
rived at the sound conclusion that q
considerable fraction Of the Districts
increase in population during the past
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-07-10

support for this extraordinary claim.
In another respect, too, the applica-
ton does not appear clear. 1t is noted
that the commission failed to provide
for necessary repairs and maintenance
of track to the extent of $203, 137, and
in addition failed to provide for
depreciation on way and structures,
amounting to $233,9S3. This is not
clear. The charge for repairs and
maintenance of way should be included
in the charge for depreciation of way
and structures.
But apart from questions of book
keeping and ALLEGATION of credits and
charges, the fact remains that the COM
pany now seeks additional revenue,
urging the imminence of bankruptcy
for two subsidiary lines that have for
so long been operated as integral parts
of the main system that the public has
not for years appreciated any corpo-
rate distinction. The commission may
be expected to resist the 9-cent fare
proposal, even though these two COM
panies, which should long ago have
been made definitely part of the Wash
ington Railway and Electric combina-
ton. are forced into bankruptcy.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-07-10
Three Lessons.

Three important lessons learned by
many Americans because of the war
are economy, investment and garden
ing. Economy in food and clothing has
been enforced upon salaried people
whose incomes have not expanded as
the cost of living has risen. Whether
such economy will be practiced when
normal times return, if they do, is an
open question. No doubt many per-
sons will relax their economy and
slump into mild extravaganza.
The lesson of sound investment has
been learned by many millions through
the liberty and victory loan campaigns.
The moral of the campaigns has prob
ably been lost on great numbers of
men, but the lesson will stick in mil
lions of minds.
The other lesson-gardening-has
been learned by great numbers whose
hands had never before known the
pleasant feel of hoe handle. This is
obvious within Washington and the
nearby country. Hundreds of families
are making potatoes, onions, carrots
and tomatoes grow where such things
never grew before. The gardening
habit has probably become fixed and
is likely to spread, because of the force
of good example. The home garden is
full of pleasure and profit-after
man learns how.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-07-10
More Fares Asked.

Application by the Washington Rail
way and Electric Company for z
cent fare. which was foreshadowed, is
accompanied by surprising proposal
which for many users of that system
viii entail 9-cent rate and for others
y far greater charge. Against this
suggestion there will be immediate
and determined protest on the part of
thousands who are compelled by the
traffic conditions to transfer in order
TO reach daily destinations.
II may be true that the two sub
diary companies named. the City and
Suburban and the Georgetown and
Tenleytown, are not in good financial
health. Possibly they are faced with
immediate bankruptcy if relief is not
granted. But the people who live on
those lines have acquired AN equity
that must be considered. Many Of
them were induced TO establish them
selves in the suburbs on the strength
Of the single fare by which they could
Il. h any part of the city. Now it is
j.. ,puscd not merely to stop the
through cars by which these people
can get into town without change, but
70 impose an additional tax for trans
fyrs. Il doIble burden that calls for
PROT, ST even in the face of the prospee-
I've bankruptcy of the line.
/, is to be noted that in the com
p22y's application stress is laid upon
tic fact that the Public Utilities Com,
IRIS on, in its valuation and estimate
or revenues, failed to take into &C.
cpun, the damages to which the com
p@Ay is subject for accidents and in
jos. This charge, the company con
tends. should be laid upon the public
= in other words. the street car riders
nr;.s: Lear their share of the cost OF
careloSsRcSs on he part of the com
paoc:. onora,;~k There will he mr.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-07-10

four years is to be regarded as a
permanent acquisition. The fact that
their action, based upon this conclu-
sion, takes the form of vigorous and
extensive construction program in the
face of a continuation Of the high cost
of materials and labor will be ap-
plauded by a population which wants
to stretch cramped muscles and ad-
mires progressive business ventures.
Additions to the housing equipment
of Washington will not, however, nee
essarily mean immediate reductions in
rent. The new constructions will cost
more than buildings erected before the
war. Returns will be necessarily in
proportion. But eventually, the de-
mand met, a normal ratio of rents
must prevail.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-07-10
Germany Ratifes.

The Germans have ratified. The ma
tional assembly at Weimar has adopt
ed. POS to 115, a resolution which sim
ply states:
"Thr peace treaty between Germany
and the allied and associated powers,
signed on June %. 1919, and the pro-
torols belonging thereto, as we'll as
the agreement relative to the occupa-
ton of the Rhineland, signed the same
dav. are agreed to. This law comes
tn, force on the day of its promulga-
t,-r.''
u is worthy of historical note that
Germany was the first of the parties
to the treaty to ratify. There was,
however, a special urgency on Ger
fnany's part, for the only provisions
of the treaty which are in any way
helpful to Germany, those relating to
raising the blockade and the release
of prisoners, are operative upon Ger
man approval.
Although the national assembly thus
Endorsed the treaty by a substantial
majority there was no evidence of re-
pentant spirit. Indeed, all the speech
es were couched in terms of indigna-
ton and protest The severity of the
terms wa; assailed, the treaty was de-
nounced as impossible of fulfillment.
Several speakers elected the widest
applause by declaring that the day of
Germany's liberation would come.
A remarkable instance of Germany's
failure to appreciate the fact that the
issues involved in the war were de-
cided definitely and afirmatively is
afforded by the speech of Herr Fehren-
bach, president of the assembly, who
protested against Alsace and Lorraine
being torn from Germany. The treaty
of 1871, he said, simply made good
what had been taken from Germany
$50 years before, and he hoped that
the people of the "1ost provinces"
would preserve their German character,
customs and civilization.
If there is prevalent today in Ger
many a determination to win back
that which has been lost by the war,
some allowance must be made for
ehagrin and humbled pride in the bit
terest disappointment that has ever be-
fallen a people. 1t will not be pos
sible for several years to know whether
this is a fixed idea or merely a pass.
ing phase of the national anguish. If
it is the former there will be trouble
in the future, perhaps in twenty years,
perhaps not in fifty years. Germany
must be watched with especial care.