Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1922-01-20

advantage is by tying up an inven-
ton in such a manner that while the
stock which is being given for the
rights to the invention, is apparently
going to the inventor it IS usually
going to the promoter. Stock in re-
turn for the good will or trade mark
Of company is often given in larg-
err amounts than the. OCCASION. war
rants. In some cases the good will
or the trade mark is comparatively
new and is worth nothing. This is
true in many of the cases, while
there are cases in which the good
will and trade mark is worth much,
as in the case of a corporation which
has been in business for many years
and has shown good gross profit
or better still a substantial net profit.
This of course would be of more
value than that of a new corporation.
Still another method is that in
which the raw material or other
things which they must purchase.
are owned by the men who are the
directors of the company. In this
case these materials are often sold
at a much higher price than they
would cost elsewhere and the result
is that the directors get much more
profit indirectly from the company.
The speaker said that the depart
ment did not ordinarily bother with
securities and stocks that were listed
on the different exchanges as the in
weston was expected to know that
e,sv,, v.1x- cot ~ hn
by market conditions and that at the
best there was some degree of spec
ulation in the deal. They do, how
ever, see that stocks that are listed
on foreign exchanges and in some
cases on exchanges in other parts of
our country are not sold at n much
higher price than they are quoted on
those exchanges.
After the address the speaker wa
asked in what manner the people of a
town could help the department in
their work. He answered that, X
they would notify the department
whenever a stock-salesman was OPP
Grating in their neighborhood and
they thought that he was not regis
tered, it would help great deal.
Secretary George c. Clarke, of the
Chamber of Commerce then present
ed a plan which had been tried out
in some of the mid western cities,
which he thought would help draw
trade to this city. This is plan
whereby the merchants of a town,
! on one day Of each month. set aside
| two or more articles upon which they
set price that will be as low as that
of the mail order houses for the same
| articles. Each man will have to use
| articles that the others have not
used. thereby giving no chance for
one to undersell the other. They are
! also bound to tell anyone who in
! quires for an article in their store.
| which someone else is sellin gat low
| price. where they will find it. Their
| advertisements are all printed to-
! gether and all use the same space
and type, thus avoiding any advan-
| tage to any one merchant. The mail
ing is done according to the agree
ment and in this way the people from
a radius of 10 miles or so are drawn
to the city. This plan which is
known as the Golden Rule Sales
Plan" excited much comment and
seemed to be favorably thought of by
| the merchants assembled at the
meeting. After some of the points of
/ this plan had been discussed, a vote
| OF thanks was extended to Mr.. Law
! renee for his fine talk and the meet
| ing adjourned until February 9Th.