Casper Daily Tribune Newspaper, November 1, 1918, Page 4

poidiers Peete eretarererareias y shit traieer Veet fore gre: corerere Preretrrerey tivrere tre sirreegee trit GLENROCK GIL PU STOGK FOR $0.30 ON DECtS ACHAGERG GET Obligations Contested by Stockholders as Outgrowth of Merger Underwriting Set Aside By Court im American Returning Decision Favorable to Plaintiff The controversy over the Glenrock Oil Company shares which were underwritten by R. C. Mergargle and which developed into a lawsuit over the price to be paid for the shares by the purchasers has been decided by the New York courts. By an opinion handed down yesterday by Judge Mayer of the United States court for the southern district of New York, a group of /Jupiter -- Denver and Chicago investors will be enabled to obtain stock of the Glen- rock Oil company at $3.50 a share from the underwriting syndicate headed by R. C. Megargel, a member of the New York stock exchange, in- stead of at $7, which was the agreed é The decision was made in a instituted by Gregg, Whitehead , and Wilson, Cramer & Co. of Denver, in which it was alleged that Megargei had induced them to par- ticipate im the underwriting thru false representations. This conten- tion the court upheld, and img relieved them of the « to take up their participation, but or- dered them to pay $3.50, which was the price at which Megarge! purchas- ed the stock. Several Wyoming men, imeluding Herman Gates, state treas- urer, who joined in the suit as inter- vectors, were denied the right to get their stock at $3.50 and were order- ed to pay $7 for it. The suit was the outcome of the merger in August, 1914, of the Hall Oil company, the Superior Petroleum and Glenrock Petro- er the name of the company Megargel principal in the amalgama- tion and he formed a s; ate to un- derwrite approxima' $2,000,000 of the par value of the stock of the new concern. It was proved in the trial that he had made a deal with the company to sell te him this stock at $3.50 a share and it also was shown that he had represented to all the, subseribers to the syndicate that he) was paying $7 for it. When it be- came known that the New York bank- er really stood co make a profit of $3.50 a share from the underwriting syndicate, the suit wasjbrought. The steck was manipulated ‘on the New| York curb market until it regehed™ 2 f $18 a share, but wiert the expired it was proved that, was th im spite of the fact that 660,000 skx kad been traded im, the syn- die: d sold only 40,000 shares. aimed by the n%mbers of the syndicate that Megargel had ap- peared in the transaction in several capacities, which is contrary to all law, and that he had repeatedly stat- ed that aside from his fees as man- ager of the syndicate he was on the fame basis as the subseribers. In his finding Judge Mayer held that Wilson, Cranmer & Co., Gregg, Whitehead & Co., Keeler Bros, EB. A. Howard, H. H. Brooks and Nor- beck & Nicholson of Cheiago were without knowledge of Megargle’s “in- side deal” and that therefore they were entitled to receive their steck ab the price Megargel paid for it. Gates and several others, on the other hand, being aware of the deal, were not ent: to such relief. No reflections w cast either in the trial or in t opinion of the court om was the > > > > 3 | Today’s Anniversaries oOo 1764—Stephen Van Rensselaer, sol-/ dier and statesman, founder of Rensselaer Polytechnic [n- stitute, borm in New York. Died at Albany, Jan. 26, 183: 1794—-Rhinefield, a formidable Ger- man fortress om the Rhine, rrendered at the first. sum- ons of the Frenein a made a declaration of 1855—Twen the wreck an train which was going to cele- excursion brate the opening of the Mis- souri & Pacific railroad. tion of the railway bridge Ta TOSE the’ es with heav ie aptured Buluwayu, their capital. * | 1914—B forces made a gen- dvance beyond the Vis- gained in new effort 1916—Ge 2. r Deutschland arrived London, Conn., on her s trip across the Atlantic. cond) ee Seh Hardware company now has a st-class timmer ready to do of high grade work. 11-1-6t! —— > Money to loan on everything. The Seeurity Loan Company, Room 4, Kimball Bldg. 10-1-t£ Se List your prepeuty with us. The Security Loan Coppany, Room, 4, Kimball Bldg. 10-1-tf t" AMISH CHURCH IS OPENED TO WAR SPEAKERS LANCASTER, Pa., Oct. 24.—The same spirit that steeled the nerve of Joseph D. Brientneli, drummer boy of Shiloh, has beem responsible for the breaking dowm of the barrier of conscientious objection in the Amish " church, and the permission granted Liberty Loan workers to speak from the church pulpits. George D. Brientness, son of the little hero of Shiloh, who vss crip- pled im the Spanish-American war, spent an entire afternoon with Bishog. | Beiler of the Amish church before the divine would allow patriotic ad- dresses to be made from his pulpits. As a result, farmers with their broad-brimmed hats and hook-and- eye trousers have accepted the Lib- erty, loan as, a duty, altho it is a war loan, and have invested thousands of dollars, according to, official figures just made public by the Amish ehureh. Ever since his visit to the home of Bishop Beiler, Brientnmell has led all patriotic campaigns into the Amish sections. —_—»— GREAT LETTER WRITERS In American cantonments soldiers write a million letters on ¥. M. C. A. Stationery every day.g —_— E STOCKMEN, ATTENTION! See the Casper Storage for low prices of caz lots . of Hay; Corn, Oats, cask price paid. Reom 4, Kimball) Bring your Hides, Pelts ana heré Buildings sity. Laan; Co, phone! for Top Prices, aka “a ie Bk ak pas este Steck Béssemer _ Béston-Wyoming _ Big: Indian ___-__ Center Columbine Hecla Wyoming -_ t Merritt called to active service by the war. bern in Washington, D. C., 63 yers ago today: |States semator from Pennsylvania, on the Italian front. borm in Philadelphiu, 53 years ago Thirty German aeroplanes gaverner of Arizona, berm at Hunts- Beersheba by the British forces in ville, Ma. 59 years ago today. z a ' BD. R. McKay has been circulated! @-31-St . — steels es ne Try our « it plate ly q 4 of the City ‘TO THE VOTERS OF NATRONA COUNTY Se eS prentae dite maior soe Vote for ED: McGRAUGH for County Assesso: Next Tuesday To the Voters of Natrona County: ALBERT PARK Candidate for County Surveyor on the SSS So | Year Ago Today in Wax | Boies ‘Penrose, senior United Angle-French reinforcements are! took! part in a raid en Londen. | Announcement of the capture of oduy. George W. P. Hunt, the present | Palestine. (Midwest Pref. __ Midwest Refining 12 Northwest Qutwest — | Pathfinder Premier Republic Pet. Shiloh United Pet. — | Western Ex. Wind River O oes eeeeerceroooesoeees, DIDN'T CARE WHAT HAPPENED “I became a physical wreck ffom stémach trouble and was a fit sub- ject only fer the operating ‘uble or graveyard. Being discouraged, £[ gave way to drink, which made things worse. E gut so I didn’t what happened, and wanted to die. Mayr’s Wonderful Remedy has. cured me of everything. Am now in fine condi- om and feel 25 years younger.” [t is, a simple, harmless preparation that | removes the catarrhal mucus from the intestinal tract and allays the in- flammation which causes practically alt stomach, liver and intestinal ail- ments, including appendicitis. One dose will convince or money refund- ed. Por sale by druggists every- where.—Adv. —— Money to loan on everything. The Security Lean Company, Room 4, Kimball Bldg. 10-1-tf Hf you value your time eat at the White House Cafe. 10-26-30 SSS Liberty Bonds wanted. Highest REMEMBER YOUR PLEDGE! Dandelion Coffee Sweet Potatoes, F, ancy Creamery Butter, per Two-pound can Peas E. R Williams, Proprietor 132. West Second, Half Block CENTRAL GROCERY & MARKET Save Your Pennies Here SPECIALS FOR SATURDAY: 225i: Oleo: . c Per eeu 45 Pound Two for 85c Com Flakes, 2 packages FRESH BUCKWHEAT FLOUR Don’t Overlook Our Fruits and Vegetables. Shipments Re- ceived Daily The Central Grocery & Market BUY WAR SAVINGS STAMPS Telephone 134) West of Grand Centra! Hotel ELECTION NOVEMBER 5TH. ENROLL IN NEW CLASSES > Those whd wish to enroll for the beginning classes in Steno- graphy and Beokkeepi may discuss courses with the principal in the office from 9:36 4. mm to 5:30 p m The new classes will open November 13. COURSES OFFERED—French, Spanish, Penmanship, Steno- graphy, Bookkeeping, Business Correspondence. CASPER BUSINESS COLLEGE, Inc. Phene 49-M. Smith Terter Bldg. Second and Durbin a4 Swift’s Premium Oleomargarine You will like it. Your family will like it. The ingredients used are the best that skill and resource can assemble, Every Step in the process of manufacture is watched with great care, Not a single harid touches it until you open the packace. It is healthful, nutritious and delicious, Contains the elements tor growth that all children need. It is sweet, pure and clean. Saves 20 cents or more a a ia i distributed brand of ole pend mcaey to gct—-the saagt witely You will find it splendid for cooking and baking. A trial carton will convince you. = ruEp AS NeA XS ‘paw RIAN ma: CNa oy SSNS