New Britain Herald Newspaper, July 19, 1924, Page 13

ONLY 25 BUT MAY. 'NEW BRI He's Shooting, Sea Lions Now OBTAIN HILLIONS Young New Yorker Has Clever Stock Idea July 18.=0ut of the in the fartunes of the il Corperation durini years slands ready e young millionaire, He ia Charles M. Greenhaus, barely 26, whase first contact with Wall street conalsted in standing on ita corners as a shrill-voiced boy in tatters, selling papers to its hureying- fin On an investment of stamps, printing, office spac Willlam street and help, he is in & position to realize a fortune of §1,» 250,000, or thereabouts, 1t is the re- sult of a Nnancial Inspiration at a critical moment, such as wins a wan the title “Wizard," Not Yet In His Grasp, Young Mr, Greenhaus ia not going to get his fortune without a struggle, He hus spent the last two days In court, before Supreme wrt Justice Burr, The attorney general of the state, through Wilhur W, Chambers, obtained an injunction to prevent him dealing In Middle States Oll se- curities, and through his counsel, Bernard H, Sandler, he sought to huve the injunction vacated. Mr, Greenhaus, plainly and simply, offered stockholders the oppovtunity to exchunge their stock, which is down to 1.6 from & high of 71 and which Is wysecured, for 7 per cent, gold bonds, secured, of the same com- pany, It didn't sound reasonable, and Mr, Chambers told the court Green- haus couldn't have any of the bonds, Greenhaus came into court, then, with fistfuls, Justice Burr reserved deci- sion until Monday. Greenhaus explained that his offer I8 a simple one and, althou he gives a first mortgage for, a sccond and at a premium, he does it at no risk whatever to himself but instead to his | considerable profit, The offer is pos- sible, he said, through a situation of the Middle States Oil corporation’s own making, not his. Lxplains Plan To Court “I did not create this situation, | which 1 shall explain,” he said, *I| just saw it, saw the huge profits that | lay in it, and decided 1 would be a damn fool if 1 didn't take advantage of it. Furthgrmore, I am not only | doing myself a service. T am making myself a public benefactor by giving the public something more valuable for something less valuable."” This is how he explained it in court: Some months ago, ex-@ov. Haskell of Oklahoma, chairman of the board of directors of Middle States Ofl, | came close to cornering the market in Southern States Oil, a subsidiary of Middle States, The court was told that he 'issued orders to thirty-five brokers to purchase the stock for him —— New York urious ehange Middle Mrates the past few Ymerge & new Let us supply you with a Pass Book as an ac- curate record of your deposits— a Check Book from which you draw your checks for those _household bills— interest and mortgage Day- ments and after you have tried it out for a while we are very sure you will wonder why you did without them for so long. A Checking Ac- e —————————— count at this bank will prove a real source of satisfaection to you and is some- thing you will take a real pride in. We Want Your Account With Us Jumber the friends, Governor Bryan has indicated thst {trionds are G0V, BRYAN N ROW INHIS OWNSTATE Report Is That Democrats There Will “Gel" Him Omaha, July 18.—Governor €. W Nebrasha, demociatio nom Bryan, ¢ e for vice president, has bhecome i volved in & row in Nebraska and the local fight 18 be it it is Iaring on the coming so bitter eapected 10 have sonsidurable presidential result in this stute, 1o A suceessor 1o Bryan o ratic ruor must be ¢ nomines for Gove Liosen I'he ¢holee 16 Lo by [contral commitiee 4 ling nest week, Thei Lewenty candidates and about an vqual are being “mentioned” by | made tate Hwets about ul peoial twenty o' ANl the others, and ther indigoant, They are ac cusing the vice prestdential nominee |of interfering in local wifairs and suy |they will “get” him next November, Not the least of those oiftended by Bryan are former Senator Gilbert M. | Hitehcoek and Arthur Mullen, Mullen |is democratic national committoeman |from Nebraska, None of the four in- {dorsed by Bryan belong to the Hitch- four of the Wil b hink to Machine Gunner W. E. Maiden ef the Canadian government | oo autien faction cruiser Guvenchy won several medals for his accurate aim against | Now he is keeping up his record with sea lions. | the Germans, The province of British Columbia has declared war on the lions because of their alleged destruction of salmon. Maiden, since his assignment to the Guvenchy, has shot 1,000 of the heasts. The slaughter of the lions has brought a vigorous protest from lovers of wild animals, e e ———— in the open market Last December the were ready to deliver, They had purchased stock worth § denied by Ire appeared in dourt States concern, Mr, then in a position to pay cash for the stock he had ordered 'hen, it is a matter of record, com- mittees of the New York stock and curb markets met and arranged a settlement by depositing a controlling interest in Southern States' Oil in trust with the Metropolitan Trust com- pany for $5,384,000 in the form of secured gold notes, paving 7 per cent, at regular intgrvals, on the Middle States concern 1ese notes were turned over to the brokers in lieu of cash. “Now, this was hardship on many of the brokers,” sald Green- haus. “So I went to the brokers and found they wog'd he willing to let me have these notes at a substantial dis count for cash. T bought some and took options on a. lot more. How It Works Out. “Then I circularized every one of the stockholders—200,000 of them, all over the world $1 in gold notes for every §1 they had in stock, at the prevailing mar- ket value. My profit would come in, not through commisgion, but because I bought the notes at a considerable discount. My profit wili be between 20 and 25 per cent in addition to*fhe fact that I don't lose on fhe stock, inasmuch as I on dump it right back on the market. “I'm doing good instead of harm except to the AMiddle States Oil pe ple, who have to keep buying in their stock or let the hottom drop out of it. I'm virtually giving peo- ple cash for their stock, and at enough of a preminm to make the exchange worth the trouble to them. I have already exchanged 14,000 shages for bonds.” Mr. Sandler agreed. “This boy 18 a publlc benefacto hrokers J. for sullivan, who the Middle erick a 10,000, which was not | Haskell was not | and offered them | an idea mo ad- ves to become he said. “He had mirable that he a millionairve."” Mr, Haskell when asked last night to comment on the claims of Mr. Greenhaus and his counsel, replied t he had dropped out of s Oil last fall and wasn't familiar with the situation as a sult. ol r said | canse 1 conldn't | As far as 1 | Suppose you | | very re- Jhaus' cireular,” he fully perhaps, be interested, but I illegal in 1t can see it's like this: have some Bethlehem Steel stock and somebody else has |some Crucible Steel and ofters to | trade you his Crucible for yoursBeth- Jehem. There is nothing to prevent vour trading, as far as T-can figure.” TW0 MORE, ARE HELD Waterhury Police Round Up Another 4 Gre not ver: 0 anything wi Pair Accused of Being Imvolved Tn Duel With Cop. Waterbury, July 19.—Joseph Poli- conls of 98 Clover street and Anthony Staczokas of 34 Crown street both |eharged to kill, were | hound superior court under honds of $15,000 each this morning in city court here, Henry Policonis brother of Joseph, yester- day in city court was granted a con- tinuance until Tuesday under bonds 000 on charge of burgla earrying concealed weapons and Wl with intent to kill, ' The three are under ari | intent the with over to as- result of a gun fight early ) morning between | Policeman I'rank Smith and five al- lleged gnnmen, on South Main street. The officer suspected they were ahout to burglarize an antomobile sales- room and arrested Henry Policonis after a battle in which 25 shots were | exchanged. | M M Have You a Purpose, and the Power and Self-control to Keep You Steadfast pose? * Those to that Pur- who Save and Save Regularly have — and they usyally have a fund upon which they can draw whenever necessary. Why don’t you start in this week — open up Your Savings Account Here. One Dollar will make the start— you get 419% interest. Middle | i Supernumerary Indorses Brothere-in-Law, One of the four favored by the governor is Tom Allen, Bryan's brother-in-law, The three others are political appointecs of Governor | Bryan. One is J. H. Brady, of Lin- | coln, formerly the governor's secre- tary, now judge of the district court |at Lincoln. Another is W. H. Thomp- son, of Grand Island, member of the state supreme court. ‘The fourth one i K. C. Knudson, of Genoa, secretary of the state banking rurean “Nebraska is normally a republiean ate, iovernor Bryan said in & statement on the political situation. “There 18 nothing seltish in the choice,” he makes it known. It is all “forsthe people” in an effort to pro- tect “evi The governor's state- ment vaguely mentions moral stand- ards, progressive thoughts and con- trol of corporations, which he a ris animate Allen, Brady, Thompson and Knudson. But conversely he ingimates Mayor J. €. Dahlman of Omaha, Rep- entative John 1. Morehead, twice governor of Nebraska; Dan B. Bnt- ler, Bryan's former opponent for the democratic nomination for governor; John H. Hopkins, cily commissioner of Omaha, and many ofhers are lack- ing in the qualities which Bryan de- mands the nominee possess, Hopkins Started Gasoline War Tneidentally, Hopkins is the man | who really stacted the fight | high gasoline prices in Nebr Four months hefere the governor opened a little gasoline station in the that | ontskirts of Lineoln, and which has sold*inst one tank of gasoline down to |date. Hopkins was doing a land office {business in his Omaha municipal fill- ling station, selling gasoline five and | six cents below the prices charged By |other companies in Omaha. | The governor is goinz to have his | hands full in placating these 40 can- }.:i:lmo.« after he forces his choice on the state committee. Tf the commit- [tee refuses to follow Bryan's advice lit will be a clear turn down for the o-presidential nominee, and if he epts his adviea it will make cmies of numerous candidates and their friends, ROCKLAND, MAINE, GIVES Democratic Nominee, However, Not Linger Long But Starts For Host's Home Rockland, Me,, July 19.—John W. | Davis, democratic presidential - nom- inee arrived here early today after an overnight train journey from New York and immediately embarked with Mrs. will be a guest for ten days at the home of Charles Dana Gibson. Mr. Davis learned from newspaper illispnh'!ws before his arrival here of the illness of Mr. Gibson and was gery much distressed by the news. It is not expected that the illness of the artist will ‘cause any change in his "plans for his vacation. Wherever the Rockland —express stopped during the run from New York crowds gathered to greet the ecandidate. Several were on hand at Bath and Mr. Davis spoke to them briefly and then shook hands ‘with a number while the train was being placed aboard a ferry for the trip across the harbor. “I thank you very much for coming down so early to welcome me to Maine,” he said. “T hope to have the opportunity to talk to you face to face later during the campaign.” When the train drew into Rockland a crowd of several hundred, includ- ing state party Jeaders and delegates to the New York convention was gath- ered to greet the candidate. Mr. and Mrs. Davis stepped down from their car and instantly were surrounded by those eager to grasp their hands and convey a welcome to Maine, The police intervened to form the erowd into 1ine to pass before the can- didate and Mrs, Davis. The informal reception was brief as the special ear was quickly detached from he train and then transferred down the ferry wharf where the boat was waiting to take the Davis party across Penob- scot Bay to Dark Harbor. ROX COMPANY ELECTS A meeting of the directors of the New Britain Paper Box company was held at their office, 22 Walnut street, yesterday afternoon. P. I, Curtin was reslected as president and treasurer and W. E. Curtin, vice-president and secretary and E. Florence Kent, as- gistant secretary. WEATHER OUTLOOK. Washington, July 19, — Weather outlook for next week in north and Middle Atlantic states: Showers at teginning, about middie and again at end;.modeute temperature. RECEPTION TO DAVIS| Does Davis for the short boat ride to | even Hundred Acre Island, where he | hundred persons | PAIN DAILY HERALD, SATURDAY, JULY 19, 1024, WALI STREET STOCK | EXCHANGE REPORTS \ Mombers Sewm Vo Mot High i A West & My | & N Sup el e Yoh rol. .0 \ Al A st Am Buinat A Tel & Am Toh I Am Waonl Ansconda ¢ Ateh T & B § At Goif & W Baldwin Lovo falt & Heth Nieel R ansel Textile in Pacie hes & Ohol hi Ml & Bt P W Rock 1 & P hile Copper hine Copper onsol (ias Prod ef riueible Rtoel Cuba Cane Bug Tirle Vrie 18t pfd Gen Bleetrie Gen Mo A " Goli’s Ohin Members New Members HARTEORDLCONN orn New fieliain LR L New Yaork As e hees of (e of Thomeson & Melinng With offiees thopghout (he con R exeenting commiissi ne it Narth pfd Inspiration Cop Int Mer Marine Int Mer Mar pf Allis-Chal PPacifie Ol Int Nickel Int Pape Kel Spriv é Konn Copper 1 Lehigh Valley 4 Mid States Oil.. 1 Miss Pacifie N Y Central NYNH&H West Wi Divect wive connections to all of « Inie hppenin 10 s a9 B4 " 18 I addition 1o thie essentind we maintain complete hies, are at v disposal, Stocks carvied on conseryatise detail Waterbury Danbury Middietown Pure Ol . Pan Am P & Penn R R Plerce Arrow .. Ray Cen Cop... Reading {Rep T & B ... Sinelair Ol Ref. South Pacific . South Rail | Studebaker Co Texas (‘o Tex & Pacifie. .. Tohaceo Prod Transcon Ol | Union Pacifie United Fruit § Indus Alco. Ruhher N Steel . 11 8 Stesl pfd | Utah Copper ... Willys-Over | Westinghouse HARTFORD Hartford Conn. Trust. Bldg. Tel. 27186 We offer: Landers, Frary o " It TOCAL ST( (Putnam & | Aetna Casualty | Aetna Life Tns,Co | A H1a L Am Hosic [Auto Ins e | Bige-Hrd C'pt (o com Bill & Spen com | Biristol Brass . Colt's Arms |Conn 1.t agle Lock ... fir Rearing Co. . | Hart & Cooley .. Hartford Fire ... | Hd Blec 1. | Landers, 1 . ational Fire R Gas .. . [N B Machine . N B Machine pfd Nilee-Re-Pond com North & Judd Peck, Stowe & Wil Phoenix Fire .. | Russell Mfg Co o.oo0uss | Seoville NMfg (o ... hi 2 | |Southern N F Tel [Standard Serew |stanley Works ; {Stantey Works pfd . "I‘nrv'ln:mn o com | Traut & Hine |Travelers Tns (‘o | Union Nifg Ca .. Yale & Towne Pow pfd .. LETTERS OF CREDIT ail. Burritt Hotel Bldg., New Donald R. We Offer:— U, S TRE & Treasury balance, | COME NEARER SETTLEMENT Two Agreements Today Tend to Make SURY STATEMENT, U $216,616,241. Prices on ¥inal Acceptance of Dawes Ulan Appear as More Probable. Y e Asndciatad oF AN INVESTMENT London, July 1% of the inter-allied conference in charge of sanctions in the event of Germany's default under the Dawes scheme today unanimously agreed to insure investors in the loan to many and priority on all German re- sources In the event of Germany's de- fanlt, The conference also unanimously agreed to preserve all the rights en- joyed by the nations which signed the Versailles treaty. These two issues stood in the way of the negotiations | of the conference yesterday and the agreement on them it is believed will expedite the work of achieving a gen- eral agreement on the Dawes plan, N, Y. POLICE CHANGED \l Ten Precinct Stations in Brooklyn and | e committee | We 04 Pearl St. JESSI \|5m¥l | Manhattan Abandoned—Several Of- 3 ), M ficers Demoted, . T. BRAINARD, Mgr. New York, July 19 changes in the city police department, including the abandonment of ten pre- | cinct stations in Brooklyn and Man- | hattan, were announced today follow- | |ig Commissioner Enright's order dis | missing two inspectors, demoting an- other and fining six inspectors and one deputy. Four of the stations to he abandon- ed are in Manh#ttan and the six oth- ers are in Brooklyn. | mraphs A addrossed to Commissioner Entight's drastic ac- | the Elector John of Saxony brought tion In dismissing and penalizing the | 9,100 mariks inspectory was the result of an Inves The second highest price, fiagtion of charges that they failed to was padd for a verified and | perform their duties in the enforce- letter Goeth ment of the prohibition law. LUTHER'S HANDWRITING. Auction of Autographs Shows Church Leader the Highest. July 19.-—Martin commanded A Rerlin, Luther's handwriting higher price even than autographs by Goethe ynd Schiller at an anction of auto- here. lettor 5,000 an- to marke, thenticated by Main ™ Hartford Stock RSt LISPED SECURITEIES Stock Pachang " v orders in Jisted s SERVICE wntion Is dnmediately asadlabl alecting salues and the teehmical position of the market, SEATISTICAL finag H e services of our statistical department Hartford, Conn 122 Main Strebt. PUTNAM & CO. wh ok Eachange Hartiond Mook Exchange Tel. 300 tent Fire Arms = Exchange BLDG, TEL Tel. 1810 [} Hotel Bildg, stock Fachange aml coreespondents Boilding. New York Cit we ofter unescelled facilities for AssUEe prompt execition on all important evchaung: sERVIC inl, econom I trade service, ¢« margin, - May we give you further JOHN P. KEOGH Members Consolidated Stock Exchange of New York STOCKS BONDS Direct Private Wire to New York G. F. GROFF, Mgr.—Room 509, Bridgeport New Haven N. B. Nat'l Bank Bldg.—Tel 1013 EDDY BROTHERS & & NEW BRITAIN Burritt Hotel Bldg. Tel. 3420 & Clark American Hardware Stanley Works Tke Hartfoid-Connecticut Trust Company Old State House Square, Hartford, Conn, Safe Deposit Boxes, $5.00 and upwards. Foreign Exchange to all parts of the werld. — GENERAL BANKING It is safe and saves time. T @homson, Tenn & Co. Britain Tel. 2580 MEMBERS NEW YORK AND HARTFORD STOUR EXUHANGES Hart, Mgr. 25 shares Hart & Cooley Application We do not accept margin accounts THAT WILL GROW Offer: American Hardware Stock At the Market 1 Fuller Richter Aldrich 8 @ MUMBERS HARTFORD &TOCK EXCHANGE Tel. 2-5261 H. P. SPAFARD 2080 JOS. M. HALLOR/ T (The Alpine | poem. “Der Alpenjager.” with 3,000 | Hunter), came third, | mar ke, ! A Schopenhauer autograph brought only 500 marks. A number of Schil- ler and Wieland letters found no | bidders. Six pages of Heines' poems | were auctioned off at 670 marks. Metals, It is sald, suffer from fa- tigue. A razor, which has been in use for some time and become dull, | can be more vasily sharpened If rest- l Merck in the year 1774, Schiller'sed for a week.