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Ilasmsanlt;(The Sucker Crop is a | ^Never Failing One.LAIEST PROOF OF ITThe Extensive Sale of Stock in a“Bottled Sunshine” Concern Demonstrates the Truth of an Ancient-IAdaaeNow Yore, Aug. 10.—Elmer E. Bur-credit for originating the idea. George H. Cove also went to the Tombs with Burlingame, who directed their corps of about 700 selling agents through the middle west and the south.The inspectors have found in their mail complaints against the sunshinebottlers ever since last summer, when a statement of one of the former em-Burlingame’s various companies were made. And this same inspector saidthat when he paid a visit to the rooms in Jersey City lie found about twodozen seals of the corporation the business of which was transacted within its w-alls.The specific complaint on which the two men were arrested is that thevwere using the mails to defraud in soliciting stock subschiptions. Accompanying the soliciting letters there was much literature that told abouthad on hard more orders than it couldfill. The only requirement was that the sky should be clear, so with the circulars went the government weather bureau estimate of cloudless days.Stock to tbe amount of $100,000 was sold. The company w-as capitalized.said the circular, for $5,000,000, all incommon stock, and the charter of the company was such that no preferred stock or bonds could be issued. Theprospective buyers w*ere told that it was an Arizona corporation.The value of Burlingame's arrest, as the inspectors saw- it. was not so much for his connection with bottled sunshine as that it might be a wedge forlearning more about the workings of the other companies with which hecl a reltocowas connected. A partial list cf these companies, prepared by the inspectors, includes the following: The RockyMountain Tunnel company; the Pitts-Gold Dredging company; the Cleveland Gold Dredging company; the Radial Telephone company; theNorth American Wireless association;itstook in many leconcerns that have interested the Prpostoffice inspectors, has been arrest- caed for his connection with the Sud ^the Raw Milk Product company; the Universal Roller Bearings company, and the Beneett Pump company.atElectric Generator company, the un- ^deriving principle of which was bot- p. tling sunshine. Tne man claimed theloP«ploves of the concern' was printed telling that the machines, which were in successful operation at the company offices at 118 Maiden I^ane, derivedtheir electricity from the Edison company’s wires rather than from any merit of their own. The sale of stock, which had been going on merrily for j, nine months before this, suddenly K slumped. Mr. Burlinrarr.e was to befound less frequently at the Manhattan address, for he was spending the greater part of his time in the offices of the American Trustee company of f Jersey City. There it was. an inspector said, that, the stock transfers ofcITthe ease with which you could let sun- j shine do your work. The company J
Newspaper Details
Kokomo Daily Tribune
Kokomo, Indiana, US
Thu, Aug 10, 1911
Page 3
Full Page
Clipped by
Anonymous
CA 30 Jun 2020
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