The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1920-06-28
S15,2SS FACE VALUE,
REAL VALUE NAUGHT,
OF STOCK HOLDINGS

NO value" are the words written
after practically all the items on the
list of stock holdings of the late Jere-
miah c. Mendenhall of this city, a
bachelor, who died March Of 1920.
An inventory of the estate of the
late Mr. Mendenhall, filed in circuit
court Monday. In connection with the
application of Leroy E. Hamilton,
nephew, ia North Nineteenth street,
Richmond, for appointment as admin
istrator, graphically illustrated how
thoroughly Mr.. Mendenhall had been
v1ctimized by statesmen of worthless
stock
The face valuation of the various
stock certificates held by Mr.. Men
denhall, found in safety deposit box
at bank. following his death, totaled
1928, but none of this stock has any
market value at this time. and, it
Is believed, never will have.
The valuables found in the safety
deposit box included two United
States war savings stamps, valued at
SO; three United States Liberty
bonds, valued at $50; a first mort
gage gold note of a motor corpora
ton valued at S25, and eight shares of
stock IN the same corporation, valued
at $3.50
OIL, Mining and Movies.
The bulk of Mr.. Mendenhall's saw
ings were invested in stock of oil,
mining and moving picture enter
prises. Also he invested $3.50 in an
"exploration" company. It is not re-
vealed in the inventory just what the
company proposed to explore" how
ever.
The case of Mr.. Mendenhall, whose
only heirs are nephews and nieces To-
Gated in various parts of the country
is said not to be an exceptional one
in this community. In fact, Richmond
and community appears to have been
a favorite hunting ground for ped
dlers of worthless stock in recent
years, according to men who are we'll
versed on financial affairs. However,
his case is being pointed to as an
excellent illustration of the result of
making investments in stock selling
enterprises which have no sound fl
nancial rating.
The following is the inventoried list
Of stock holdings of the late Mr. Men.
denhall, all of which are listed as of
mo value" and the sale price of the
same:
"No Value" to Any Of EN-.
Profit sharing bond. Pyramid Oil
and Refining Co., SO; 3 shares Great
Southern Sulphur Co., $3.50; the Lab
oratory Products Corp, $50; 100 shares
Commonwealth Pictures Corp. 500;
20 shares Stockholders Oil Co., 500. 20
shares National Oil Fields. $50; $50
shares Stockholders Oil Co, S35; 10
sharesTexas Standard Oil Co, SO;
200 shares Kitchen Service Co., 5000;
800 shares Oil Investment Loan assoc.
3: 700 shares Consumers Oil & Shale
Co.. $3.50; 700 shares, the Tungsten
Mountain Mines, 500; $50 shares the
Boulder Tungsten Production Co,
$35s; 1925 shares Cooperation Min
eral Land and Prospecting Co.
1852 so; 500 shares the Sheridan Ad-
ans Royalty Syndicate, $500; 25 shares
the Killarney OIL and Gas Co. SIS;
100 shares Hale-McLeod Oil Co., 500;
one share Pyramid OIL and Refining
Syndicate, SO; $50 shares Internal
ional Exploration Co, $3.50; 1000
shares Porcupine Sonora Gold Mines
Corp. $4,000; 900 shares. Trustee
Mining and Milling Co., 5000; 100
shares Kitchen Service Co. 500;
10 shares Whole Grain Wheat Co,
s100; so shares the National Oil
Fields Co., $50; 100 shares Portisdale
Gold Mines Ltd, 800; 40 shares
the Laboratory Products Corp, $40;
Convertible Notes of Sheridan Adams
Royalty syndicate, $50; 100 shares. the
Santa Rita Copper Mining Smelter
Co, 800; Allotment Certificate
Woods Mobilette Co.. $1,000; 6,o25
shares Woods Mobilette Co., $685..