New-York tribune., 1922-12-18
Want Him 10 Bite Again


ou.s,,on-Thanks for yours In re Empire
Food Products stock. ] learned yost,stuhtS ,.i,lltS
that this concern had been PVT lhto ,''fSSa- w.
untAry bankruptcy BY Innis. speooch -.
and Anna ]. Lippman, creditors, IN tne
surn of $500 reported BY n. o. pnn CO.
So Il certainly does look as X the stock
was Of little value; But ] want 70 ~, 'yp
something else. on Novsmbei soHH W., r.
Martin q Co, 50 Broad Street, New YORK
Who sold me this stock, called rae W ana
told me they would allow me 70 e.ehapHo
this stock for stock IN ArkRnsas aha OahEs
They would allow me ti.2oO for my stoef
IN the Empire FOOD Products CorRorasion
toward 2.i0o shares OF stock IN the hew
corporation at 81 per share. was 70 tena
them tao0 IN cRbh and the balance was 70
b deducted when the new stock was sold.
THAT means I would make money on my
Empire Food Products stock. as " naa
cost me $500. and they woule si'ow ", si,.vg go
li 900 would DO deducted when the new
stock was sold. This sounded gooo, but
did not bite. Yesterday ! wirets Johh ~. ~.
Martin q Co, asking thsm II their oner
OF November 1 held coed Gas telephoned
me then and confirmed IN letter same
day, with prospectus OF the new oonpanyl'
Thls morning they called me on the tele.
phone (Mr. Richards speaking) ard SAID
the offer held Eood-this despite the fact
that the Empire Food Products Company
IL now IN bankruptcy. You admitted
in your letter that the stock was re-
portod 10 have been manipulated. I
have a fls full OF letters from Aartin
q Co. regarding the exchange OF an ola
German marks option ! held (pnrehesea
from George ". Perkins a Co, also now
bahkrupt) For Empire Food Products st0ui,;
also have letters from the Empire Food
Products Company. IN which they rai1
they thought Il would be well Tor me 20
ccmpiste my payments 10 Martin a CO.
en- my lnGtGilrnsnt purchase OF their stock.
X seems that the Curb market for this
stock a year ago this time was manlru.. ,.
lated for certain. feel the ioss Of this $500
very much. II means lot 70 nae. Jehn NJ.
Martin A Co. appear 20 Be Gtill AZ II. DO
you know anything OF the Arkanaas and
osags OF corporation-Aajor John X.
5aEue. chairman Of the board formerly
Appraiser Port Of New York Clarence
ssEus. president, OF the sague Realty. Com
pany OF Poughkeepsie, ~ Z; Murray
walter ]. Ksnnedy. secretary and tTras..
urer. president Motor Service and Fuel
Corporation ard president Of Investment
seeuritiee Company = ]. knew you dhiik:
Il ie possible You know OF the new concern
or know tie Officers 10 b0 the right people.
II 20, would you think u well for me 20
ssmsthins n & 10 reatIevo nv SS,u .iosss" % rS BE-
willing 20 borrow money on Liberty bonds
70 get ssfsioient 70 close thlg new deal
1900 cash and my stock IN Empire Food
Products Company. wonder u you would
| wire. me soon an you get this what you
think about it. 90 I may yet make the eT.
| change. I would not hold Il against you
know you are acquainted With financial
matters and ponsibly know aoine " the
/ onieCrs OF this new concern. Tor that rea.
| son would be willing 10 take another
rhanca You would simply advise ma as
friend whom you never saw. but who yot
! mey know Is In a predicament. advise m,
/ without responsibility on your part IN any
way. You might know something OF IN,
| present condition OF the Empire Food
| Products Company and what I might 70,
| eeiyo on my stock IN that company when
I. r. ". .
Answer-Tbe Arkansas and osake OH
Company is unknown to US and among
those brokers dealing In oil seeuritie.
Of whom re made inquiry. The shares
OF The company have no market 80 fai
| ns VIC are able 70 learn. We do moi
follow your line Of reasoning In say.
ing that the exchange proposed will
enable you 10 realize a profit on EN-
pire Food Products stoei... In all prob.
ability yoa' are. being introduced %
! what Is commonly referred 70 as q
"switeh." Empire Food Products shares
have no market and the company Is
In bankruptcy. Arkansas OIL and Gal
shares have no market and a circular
describing the company and the offer.
ing Of shares does not disclose owner-
ship Of any tangible essets. We class
II as prospect" We would not ad.
wise putting up any additional cash
70 make the suggested. exchange. A
bankruptcy petition was recently filed
against the brokerage concern about
which ycu ask. TO-