Evening journal., 1922-03-01
DOYLESIOWN
BOUGHT HEAVILY
Take $4,000 of Auto Store
Stock Before Statesmen
Leave Town
LEFT ADVICE
IN PAMPHLETS

PHILADELPHIA. Pa. March l..
Five stock statesmen for the United
Auto Stores. who had been working
in Doylestown and vicinity. took no
chances with the fates when they
received an inkling OF impending
disaster.
Just as the chanticleers we're an
nouncing the coming of dawn. the
quintet laid nervous fingers on their
bags. stole softly out OF the Doyles-
town Hotel. where they had been
making their headquarters three
weeks, and glided away in two auto
mobiles. Doylestown folk slept on,
unaware that the men who had sold
$4,000 worth OF stock in their midst.
were racing away without so much
as a good-by or thank you.
The getaway was made at 6
o'clock last Friday morning. The
statesmen might have waited for the
train which leaves Doylestown for
Philadelphia at 6.45 a. m. but Il Is
apparent now to the holders OF the
stock that they were In a great hurry
and preferred speedy automobiles 10
the slow, rheumatic movement OF
the Doylestown local.
Some OF Doylestown's most promi-
nent citizens were stock purchasers.
They include A. n. Hellyer, an au-
tomobile dealer; Joseph Musselman,
dry goods merchant; Allen Zetti.
president Of the Board OF Commis-
sioners of Bucks county. and Hiram
Yerkes a former Judge.
Mr.. Hellyer invested 5000 and
Judge Yerkes $1,000. The balance
Of the $4,000 worth OF stock sold
was bought by farmers. workers and
merchants in and around Doyles-
town.
Three weeks ago. when the United
Autos crew swooped down on Doyles-
town. they were given desk room by
Mr. Hellyer In his Office. But in a
couple Of weeks Mr. Hellyer's sus-
picions became aroused and he de-
manded a statement OF the financial
affairs OF the company. This was
not forthcoming and ha elected the
tenants.
According 10 townspeople. L. W
Herbert, district manager of the
sales crew. was very affable fellow
Before he had been In town as hours
he knew most everybody by their
first names. and addressed them 50
with unoffending familiarity After
he had been there a week he knew
most OF the children and dogs, too
and in no time became a popular
figure.
When news OF the failure reached
Doylestown. investors were frantic
Some OF them. including severa
small farmers. had invested the saw
ings OF lifetime In the project. Tel
or more distracted investors be
rsieged the Doylestown Hotel.
II is not known where the sales
men we're. but # is certain that the,
were in town az that time. for II q
known they did not leave until EARL
the next morning.
The fleeing salesmen left behind
them a pamphlet and a letter. tk'
latter signed by f. B. Gaum. OF tn
United Guaranty Corporation. which
marketed Auto Stores stock Here q
a paragraph from that letter:
ANY concern that has made thu
rapid strides that your company has
naturally has .created a lot OF jeal
ousy and this Jealousy is the caus'
OF much groundless adverse propa
eanda. We ask your cooperation fl
aiding our fight against this propa
ganda. To be victorious against ou
enemies we need power, and a
knowledge Is power. we again re
quest that you gain as much knowl
edge from the enclosed booklet a
possible"
The booklet referred to carries III
title, Beware Of the Gyp-A Warn
ing to the stockholders OF the Unite
Auto stores Inc" It was publishe
for distribution among stockholder
and was designed 10 restore the
confidence in Auto Stores stock.
Il carries warning againi
brokers who live by creating di
satisfaction in the minds OF the o
iginal purchasers Of given stoc
thus getting them to dispose of the