Pocahontas star herald., 1922-06-02

voluntarily ceased business July 28,
1920 to give the authorities an op.
portunity to investigate his business
and that he was forced to suspend
payments by the involuntary bans-
ruptcy proceeding brought against
him. 1t appears that his attitude
as a public benefactor was misunder
stood by the law and the public,
since he Inumerates liquid assets at
the time of his suspensions, which
would have enabled him to depart
"for parts unknown where the
champagne and the rye still flow
freely and unhampered by constitu-
tlonal amendments, with at least
$40, QUO, 900 In cash, which amount
was large enough to fight eTtradl-
ton proceedings even with battle
ships. "Inoluded IN the assets
CLAIMED by him are the following
items: Cash, 1000, 900; holdings
in stocks, real estate and loans,
81, 500, 900; good will, $40, 200, 600
publicity value of his name for
moving pictures, $4,000, 600;
making a total of the neat little
sum of sl6, 100000. He explains
that his Securities Exchange Com
psny was a one man firm, not a
corporation or an association under
a deed of trust, and heretofore not
In the jurisdiction of any depart.
ment IN any state. He says that he
was merely borrowing money on his
personal notes at a high rate Of In
terest and adds: alt was not fraud
because the representations made by
me IN ideals In and profits through
international Reply Copons were &C
tuslly possible; was exempted from
license and beyond the reach of any
law, "Ponzi fails to explain why be
was finally promoted to the quiet
serenity of cell in Plymouth,
where be has plenty of time to de-
vote to solving the financial prob.
lens of the world. From bis view
point 1t was the public officers who
were derelict IN their duty and he
says that had he been Attorney Cen
eral be would "bsve put Ponzi's sol
vency to a practical test at the time
when Ponzi was taking in $1,000 a
day instead of waiting when be was
taking in 1000, 900 day"
"There were only 81 votes cast IN
the school election out of 975, may
be safe in saying 400. This does
not speak in very loud praise for
the people of district fourteen. In
fact, 1t shows on the face of 1t we
are guilty Of not beng very much
interested in the education of our
children" This paragraph was
printed last week in the Ozark Demo
crst Enterprise. Similar reports
appear in many papers throughout
the state. 1t is typical of condi-
tions that prevail practically every
where. There Is no other institu.
ton more vitality affecting the vel
fare of the state and demanding a
greater expenditure of public funds
and yet the voters chow an almost
criminal Indifference toward the re-
suits of these elections. The pub
lie conscience must be aroused and
when this is done the crises which
have threatened our schools will be
overcome.
The Fourteenth Amendment,
which is to be submitted TO the peo
pie in the October election recog
nizes primarily the fact that "all
the children of all the people" can
not be educated except by all the
people 1t is not a local question
confined to city or country, but it
is a state problem and state duty.
That an equal opportunity be pro-
uded for all children, whether they
live in the city OF in the rural dis.
trlcts Is the principle upon which
the Forward Education Movement
Is acting. No child should be de-
bIed his rights because he happens
to live in the country, nor should a
child living IN town be given great