Show Financial “Junk Dealer ” Makes Fortune From Worthless Stocks In New York City STATE ISGllQOl DESIRES ro - er Broker Has Hobby Tracing Defunct Corporations (By NEA Service) Proposed Trade 7 YORK—There ' are many men who deal In worthless securities and call them by other names But there Is only one person who will 'sell you beautifully engraved stocks and guarantee on his professional honor that they are DRIGGS worthless Contends That Veasi Wa Grazing ' I 'top ti Uiv? Proposed tradingUy )gden city of about' 15 'aqryd of land at the Artesian id Ogden y alley for 15 acres inpark the center of jwhat will be the city’s municipal park-- near the west entrance of Ogden canyon was discussed at this morning's! session Of the city commission -- F Mi Driggs superintendent of thd stats school (for the deaf and blind appeared before the board He sajd he understood that the city was willing to trade some' Artesian park property iorj land owned y the state ’school (This land lies below the canyon dugway aijid known as the because f of ponds I - ' L ! ‘creampoti1 7 ARCII1TE CTS JDEA ‘ The latter property has been used for years by the school as pasture for its Herd of dairy cows When the state agreed to deed to jthe city cer tain land for the park it! was (right-of-wlo the serving 1 20 pasture from jthe school buildings Landscape architects declared the ‘creampots' were necessary1 for the success bf the park j Mr Djrigga said his board of trus tees then agreed1 to give up! the ay -- eC of land north of the swells across th state highway for the cream ' pots Comir isslonersj did not remember ever haying agreed to deed the Af- tesian park land oven to the state school They had in their mind something about a perpetual ' lease t for grazing purposes Comn: issioner Fred E Williams said he had been asked by Dr T B Beatty of the state board of health to keep campers and livestock in addition to picknickei off th park to avoid any possible contain ination of the city’s water supp! Dr Driggs said his board would 1 willing fo agreejhat the city might land! for wells as all the ants is grazing land said ho would (until he got Dr Beat ty’s' permission in writing There are esent nine wells at the land he said PEERY’S SUGGESTION Commissioner Peery suggested that the school deed its land to the city and that 'the city irf return might give the school iu four or five year leake on the park! property It d would bfe “Unwise city to give up any of its Mr Driggs! Wanted t Peery thought lie was you think myj board would allow the state to give! the city 15 acres of land permanently for a four-yelease on some other property? Why the state has already given the city something over 120 acres of land” he added j "Jin thoroughly disgusted with such an attitude 7 he declared 1‘And 1 can assure you 'that the state will never give upj Its title to the cream-por- ts land until the city provides It With grazing land for its cows” "I think this can all be worked Mayput in ah acceptable maimer” or Francis interrupted'! I ' t NGEP It W£ then decided tjo get iii touch rith Dr Beatty today and ene of the invite him t ‘ Corn-Willia- ’ T " Roland M Smythe dealer He in broken dreams For 45 years he lias occupied a tiny office at 92 Broadway and in that time has built fa profitable and highly specialized business from his original hobby of investigating "worthless” stocky and bonds Here in dusty old tomes done largely in private code are the obituaries of 300000 dead corporations Scrap books with yellowed newspaper ' clippings marked by strange footnotes form part of the library Smythe capes little about successful Issues and their records usually are missing But the failures and there are enough of them— are there in full detail ON STOCK EXCHANGE AT 23 Ireland 74 Smythe was bom in was a ship His father ago yearf broker and provided an excellent education for his son in this country He was out of college and in the brokerage 23business before he was 20 and at he was a member of the Stock exchange Naturally ’gifted as a statistician Smythe collected data oh various stocks and bonds and soon was besieged with inquiries from other brokers regarding certain issues ‘‘To discourage this drain on my time” Bmythe said “I started charging a fee for advice r "II should have known better This immediately set me up as an increased the number of calls Finally I had to surrender my brokerage business and give -all my tlmC to tracing these cases” UNEXPECTED PROFITS! Eihce then the world has beaten a pgth to the door of the man (who rattles the skeletdris of defunct organizations A (young heir stands before him with a handful of securities salvaged from his estate and learns they are worth only the paper they are printed on Leaders of high finance manipulating new combines seek his advice on out- standing old issues before merging old concerns Collectors come to him and gloat over specimens of early American promotion schemes Administrators of the largest estates hire! him to hunt for buried treas-ur- ei in musty old safe deposit fis ’ I i )‘ex-pertna- nd £ ! I ng step-ladde- i ‘ IN LIQUOR CASE Proprietor iFound Guilty on Complaint Br ought by Employe - ' Samuel Deco ouse 352 street was) fined $125 In the city court today for possessing Intoxicating liquor He was found guilty on a complaint brought by Ben jDuffy an employe of the Uintah Pipe Line company who was registered at the rooming bouse Twenty-fourt- h Although Deccrso was hot represented by counsel in the trial he engaged Attorney Frank Reeder immediately after the passing of sentence to appeal the case Appeal bond was set at $150 j fj The complaining witness and Ed Kelly another: pipe line employe testlfiedi against Decorsol Their difficulties it was said originated 'over Decorsos alleged failure to give them some change when1 they purchased liquor from him Decorso at first denied he owed them money but Duffy today testified that) the defendant had given him his money Tnffv further told’ the court that and another man! attempted him leave Ogden Monday night to keep him rfrom testifying ar wells with t: Oners and Mr Driggs In any eve ha commission and: over jth© Artesian Mr Driggs will ground T ursday morning It) 'park is thoug It that erhaps another plot of land owned y the city but pot used for) well purposes can be found and traded to the staej prior speaks DENIES DECRE TO THELMA BRUERTON ‘Thelma E Bruertcn was denied a divorce from Al Bruerton afternoon by Judge George Monday S Barker in the Second district court He ordered the complaint dismissed Mrs Bruerton alleged that her husband had failed to support her since their marriage Febniary 16 1924 Mrs Bruerton’ was involved! in a court proceeding this year when her mother Mrs Esther Besaresf who was originally charged with the first degree murder of Jack Parish was found guilty of voluntary manslaughter The dispute between Mrs Besares and Parish which led to the Slaying of Farish was oyer the attentions Parish wasi paying to Mrs Bruerton Mrs Besares’ case Is pending in the statei supreme court on an appeal I l i COMFORT! and Protection Federal Metal Weather Strip will provide both It also saves fuel For Demonstration Phone ! MR TEBSCHER 3053 ex-a- nd FALL RALLY Says Nations Nowt Enter- Game Stunts and Flag - Ceremony Make Up ing Fulfillment o f ' Program Lbrd God of hosts be with us ifet Lest we forget Lest we forget t As we ‘enter the second d sine© the signing of the ar: which ended the world war o veniber 11 1918 recbllectlo hazy Eleven years have p since that day and we can no e rfook back upon that raomen as yesterday It is an epoch which a great number of our children in schools can not even remember and those in the fourth grade or lower were not even born” Rev Arthur J Hansen told members of the Exchange club at their noon luncheon today in the Hotel Bigelow1 "Kith the withdrawal of the French and British troops from the Rhine and the signing of the Paris peact pact we are really entering into phe fulfillment Of the armistice At no time in the history of the world has there been such universal peaee as at this time the speaker declared and the next teit years will seej great strides toward real world ' peaf e r Hansen ©poke briefly on the from three angles r romance r and practicability1 "One out Three in the American arm: saw Flee at the fror under shell fire” eclared "knd to the moist of war was one big playtime j These are the men who glory in its romance and say ‘It was a wopder-f- ul : - T y there are 46 air trans Port compiles in jthe United State flying 75000 miles per day and aiming in addition to press passengers! more than 60000 pounds of air jmall an- - TAXIMEN TAKE CAR SHOCK ONLY LANGUAGE COURSE WHEN INJURED SCOUTS HOLD t Armistice ( war I had a great time' "The horror of the struggle was fouhd in the hospitals where the maimed and dying fought to live on Ihe battle field where the bodies of men were left never to find burial and in the homes of those who had lostf members lathe war” leaking of practicability he said that it was necessary for some! kind of Expedience to reduce population HeJ named famine pestilence war and birth control War he said is on© way of curbing this overpopulation but he decried the fact that it took those whq were the most desirable the young the brave! and thc progressive members of society Mrs Doris Hiller sang1 two numbers accompanied by Marjorie Perrins who also plaved a niano solo -- j Continues all this week' with the same values and bargains of high quality merchandise that surprised the crowds who visited our store "liofe tn cm?1 ‘ — crowd - I 1 ! cause ERLA is designed to give unusual i performance always’ t v truly radio worthy of 'the name "Trophy"— winner fn every competition1 See the new ERLA models today' blankets Walter H Schofield was granted Henrietta Schofield by Judge George S Bar ker in the Second district court on The plaintiff Monday jafternoon charged that his wife had desert ed him decree of divorce from $450 SCREEN GRID RADIO "7 QC All wool double plaid blankets lijjgular size Sale ERLA will win your prtftrtnct by untxcelltd performance are headquarters for high:grade underwear for men jmen boys and girls offering values in this line that ' cannot be duplicated j "1 re 5 i T ‘Women’s Just leave your si ami Misses’ rayon underthings— bloomers vests brassieres gowns panties dance sets— all offered r at a big! discount - ‘ j Aj i - 4 Is Ddn’t overlook the fact that we arc seilin blankets at a very liberal' saving to you jCompare- 72x4 size 6 feet wide and 7 feet long p8rt wool double blankets Sale ! ""'J 11 " It W H SCHOFIELD RECEIVES DE cree J bratlon on tHe9 golf course Because it ‘Is an unusual occurrence' but "hole in one" performance In radio Is an every’ day occurrence with ERLA That’s be-- - V bloomer combinations for H— ’ ! j Is cause for ce!c 4 Saturday and yesterday An Unlimited Weekly Pass Costs Only BUT A PASS AND SAVE - 7 ! THE KNITTING STORE’S RIDE THE STREET CARS I a' i effort or sacrifice car home and i WASHINGTON — (UP)— Motor Isis cannot collect for "fright” or "nervous shock in accidents unless' they are physically hurt j A physical injury Is necessary ini der the decisions of District o! Columbia courts based on leading precedents and justly upheld by the supreme 'Court The highest court refused to review the suit of France and Lulu K Perry Washington women who claimed they were bad street-ca- r ly frightened when bumped their automobile’ The court of appeals held no recovery was possible for shock when the shock was not shown to have proceeded from physical injuries Two hundred scouts and leaders of the Mount Ogden district met at the Weber gymnasium Monday night for the annual falf rally Judging from the amount of noise any spectator would guess that the boys were having an excellent time The rally was handled in ah efficient and happy style by district U j Commissioners Norman Jeppson and One of the fastest known birds Eddis Watkins A large number jof Is the spine-taile- d swift which troop committeemen from yarious reaches the speed of 220 miles an troops of the district were present hour over the mountains of Asia Ben A Fowler chairman of the Mount Ogden district and member of the Ogden council executive 1 board addressed the boys Games stunts and a flag ceremony) made up a large part of the evening’s program A stunt under the direction of Scout Joseph Fowler troop 26 of he Eighteenth ward and assisted by scouts of troop 26 was awarded first prize which was a large1 box of candy Another stunt by troop 33 I of South Weber led by Scoutmaster Leonard Bowman was awarded second prize also a box of candy but smaller than that given ai first prize Every troop in the district was represented by a large number of boys Entertainment for the evening was concluded with a swim in the pool of the gym Anyone who looked at the pool and then! at the number of boys who proposed to get into it got a good laugh As one scoutmaster remarked “it looks like a case of in goes the boys and out goes the water” After the boys were in there appeared to be room for them all although there Were a lot of legs and arms sticking: out pi 1 the water After an hour’s swim the boys ” were sent home with refreshments A more small size only brassiere and few fHY of peanuts and candy a happy tired 1111 Save $5 to $10 per week without t — (UP)— Instruc- STOCKHOLM tion in English French and German fpr the taxi drivers of Stockholm Is one phase of the preparations for the industrial arts exhibition in Sweden’s capital next summer (An unprecedented number of foreign tourists are expected and the committee is eager to extend all possible help and courtesy 'to the visitors from abroad One1) of the business schools In Stockholm advertises a course of 50 hours in any desired foreign tongue for a Very nominal sum The drivers who "graduate” from this Course will receive the right to wear an arm band inscribed for instance "English spoken” They will be stationed at strategic points such as the Central station the leading hotels and the' exits from ithe exhibition grounds Christmas Saving Club Open To Everyone - i I d” OH WORLD VJ n ’ today ms he-sfi- nuallv finding wealth inpots where (fortune least frequents or who wanted expensive souvenirs purchased- - a number of these war bonds from his at $20 per share j Smythe warned them at the! time that these securities were worth no more at the time and later might become valueless Yearn later i the Cuban government recognized the issue and offered to retire the bonds at $1500 each Smythe advised his clients of the windfall and they profited hy 'their dealing through him IIOW STOCKS ARE REVIVED How do stocks and bonds come to life at rare intervals? A basic latent -- controlled by a company ong since defunct may fit in with a new ‘discovery and become useful This has occurred many times in the progress of radio and aviation A prosperous company may find that its records are clouded by an old issue unobserved when the curt rent organization was formed The holdings of an old company that withered without reaching its goal may suddenly become potentially rich because of new discoveries One day a doctor from Yonkers POLAND M SMYTUC knou’S'the obituaries ofi N Y bought a stack of old cer300000 ceaef corporations tificates and papered his den with them Smythe sold the lot for $40 The incident of the sale was for gotten until Smythe received a communcation from the secretary of a defunct coal mining company which had offices In St Louis The secretary wrote that the company had come into possession of considerable property and was anxious to get possession of as much of the outstanding stock thought to be i worthless as possible The dealer went to his books and discovered that a number of the 'Thea canceoef th& use bh&m Tbn certificates were in the batch he doctors fval -paper 4 had sold to the Yonkers physician forty favQr& who was notified boxes And cranks flood him' With ie has made money from HIS OWN WALL STREET wild schemes for reclaiming fortunes forgotten stocks that have risen like doctor however who still was The which once were flung to the wines golden ghosts to become revenue-produciof his den declared It very proud securities But when he would be impossible From all over the world issues remove them they were "dead” paper from the roomto without the long forgotten to everyone but purchased de and h© had no reason to believe they I Smythe are resurrected from jhiding would it stroying ever live again places and sent to him for apprais So a representative of the com But1 he has made more money pany went al Often the stock fs not worth the to Yonkers and spent a s he r) charges for his re- for other people Several times he pleasant day on a can search but At least he satisfies the has pronounced arv issuo dead only ceiing the stock with a rubber owners that wealth is not to find signs of an awakening years stamp ' t around the corner later ((Immediately he notifies the Thus the doctor kept his wall holders of the issue and delights paper and sold it too He realized Smythe may buy the old may pay up to $1 a1 thousand f pr them i with information that they a profit of $1400 have come into possession of new the gaudy paper that once Hooked If you ever attend a swanky din weal tlf And he has a considerable ner party and find a thousand so promising He may 0 use them-i- n his files for study or as rare speci- market for this knowledge of loca- shares of handsome-lookin-g securi mens for his collection Many are tion of lost Issues ties under your plate the giftf of a resold to bankers for window disFor Instance a considerable num genial host think of Mr Smythe thets ber of shares of revolutionary bonds They are probably some of his plays to colleges for rise in fad-isissued by Cuba in 1896 passed "ghosts” For he has done a whole study of stocks and bonds or $o who wish to paper rooms with through his hands Persons of a sale business in furnishing such fa "gilt-edgesecurities speculative mind who dreamed of vors for fancy occasions fine! imposed L D S Brand Garments — all kinds all sizes — the most complete stock ’ 1 1 4 i f T 5f’0C ’ UTAH RAPID TRANSIT CO : mm mm iwiuiwuniwuwwwmt1 mmm nwmmmmw rr EVERYTHING FOR THE HONE mrnf (LfVjfi) i irbvEnVTIUNO IN UNIT OC5DS A I i - These Ads May Mean Money |