The Monte Vista journal., 1919-02-08

dtclmsst hsA bssu rstuynsdf
we also nots that you placed y
value ON the 20 called Good VIII
a.sct which is Included In tho COM
pany nnsnciAi ssaiemsat aud conssi-
susos tho surplus account except =
very snail sum.
Do you c, edit such IN Item ~
Good VIII when Il 10 not founded on
favor or upon exclusive privilege but
wholly on promises OF future por-
sornancs' Iss product is wholly sa-
pseimeutal - yet and It's worth ycs
TO b proven by the hard school OF
actual sss and pracsico. Il has no
tractor or truck which has ~ yot
passed the designers. Il 10 true that
tho company may receive many or
ders for ears. trucks and tractors by
reason Of tho stock selling campaign
but the fact romans that unlcss thcs"
cars. trucks and tractors mako good.
these will not be anything pcrma-
nsnt or valuable represented by tho
snoney expended in securing such
orders.
However. 10 far - thia Good VIII
itcm 10 concerned. wc do not 500
any reason why any man who can
IND himself into bcllevi..G that this
enormous sum Of Good VIII or In
tangible assets has value should not
do 20 II no wishes.
You have stated. Mr.. Lcvy. that
eleven Blue Sky statcs hrvc npprov-
I'd tho Pan plan OF financing. Arc
you surc about this or havo you ne
ceptcd the sta en- cnts Of someone
else. Are you sure that the real plan
was presented to all tho Blue Sky
Stntcs when tho applications wcrc
made! What happened to the per-
NIT In Missouri last May and why
wAs Il cancelled? Did tho Mime
sofa Commission act on tho real plan
In September 1917 or On u showing
OF . 26 per cont promotion contract7
IL Il not = fact that the Minnesota
Commission did not know that the
additional 2s per cent had been turn
cd over to Mr.. Pandolfo by resolu-
ton Of tho directors and learn that
this was fact whom tho mattcr came
out In the hearing tho following
May.
What explanation did Mr.. Pam
do 70 make OF tho $500. 10000 stock
note or did he mako any explanation
or call your attention to the matter?
Are you sure that this contract has
been cancelled and that deal will not
rcappear in further reports which
may be made for Stockholders
Committees?
You state that the plan Of the Com
pa-ny contemplate the manufacture of
100 pleasure cars per day while the
Stockholders' Committee says tho
rumber will be 900 to 600 per day.
Why the different plans az represent
cd in the two reports?
You say that the tractors will be
in quantity production November 1,
while the Committee says that tho
tractor will be on the market for tho
fall plowing. Most of the fall plow-
ing will be done in the winter wheat
states and isn't November little lat
to get tractors for the fnll plowing.
You will notice that the Commit
toe says that the new tractor will
have four wheels. What has become
Of the famous Pan Tank Tread Trac-
tor that took every thing by storm
at Kansas City q year ago and would
revolutionize farming In this coun-
try? That same tractor that was to
be In quantity production last fall.
II that model has been abandoned
why not revise that deferred asset
account and strike out the items OF
expense which appear t. have been
expended for the development OF the
Tank Tread Tractor? Why not go
further and strike out all items which
have been expended on account OF the
$50 Model Queen OF the Highway
now abandoned? Yes and look into
that coal pile and the express charg-
es which are carried as an asset.
Possibly that item OF real surplus
would not survive the operation.
Don't you think that a further pub
lie statement is duo from you which
,.,tI, ovD1elr vnottor. 1ttt1a hattarc