The citizen. (Honesdale, Pa.) 1908-1914, April 23, 1909, Image 3
KNAPP EXPLAINS Poor Judgment and Poor Management. WHERE THE THOUSANDS WENT. Head of Suspended Institutions Says He Alone Is to Blame. Charles Knapp, President of the de funct Binghamton Trust Co., has issued the following statement relative to the suspension of that bank, and the banks of Knapp Brothers at Callicoon and De posit: "The time has come to end this talk of who is to blame for the closing of the Knapp Brothers' Banks at Deposit and Callicoon, and to present some facts which will explain to any thinking per eon the true condition of affairs. "In the first place the Outing Pub' lishing Company has secured from the Knapp Brothers' Bank in Deposit more than $500,000. This immense sum has been advanced since the Outing Publish' ing Company came to Deposit, and there are records for every penny. "The first sum advanced to the Out ing Publishing Company was used for the purchase of $5,000 of the stock of the company. It unnecessary to do this to get the printing contract. For three months the magazine was printed on contract. It was then discovered that unless the magazine was purchased outright, the printing contract would be lost. "The party or parties who were in control of the Outing Magazine before we became interested represented that the paid circulation was about 20,000 copies per month, when, as a matter of fact, we discovered that it was between 8,000 and 10,000. "In the meanwhile the establishment necessary to turn out a magazine such as the Outing had been erected in De posit at a cost of from $25,000 to $30,000. "James Knapp Reeve, Charles P, Knapp and Casper Whitney purchased a controlling interest in the Outing Mag azine, and it was necessary to spend considerable money in a publicity cam paign, because of the limited circulation which would not pay the expense of a plant such as had been provided. "This portion of the business was in charge of Casper Whitney, who' pur chased large spaces in metropolitan newspapers and used immense sums in increasing the circulation of "Outing." During one year about $50,000 was spent for this purpose, and at this great cost the circulation was increased from about 10,000 paid subscriptions per month up to nearly 30,000) with a large increase in news-stand sales. "Soon after the above transactions the Outing Publishing Company secured the contract for publishing the Era Mag azine, and again it was necessary to add to the equipment, until we had about $150,000 invested in machinery and $50, 000 in buildings. "Although $50,000 may seem to be a large valuation for the buildings, it was necessary to prepare special foundations for the entire floor space, and in some places it was necessary to fill 12 feet with grouting. This gravel grouting was hauled a distance of half a mile, and there was other special work which was expensive. "The life of the Era Magazine was short, and we had to keep the large equipment we had secured to turn out this publication, so we began to boom the "Bohemian" and "Gray Goose." The publicity campaign of these two pro ducts of the Outing plant cost another $50,000. ' "During 1907, we made a big play for circulation, which cost at least $25, 000. This money was expended as fol lows : "Ten thousand dollars for two double pages in the four largest subscription agency catalogues and subsidiary agen cies. "Three thousand for postage and sta tionery, and the balance for stenogra phers, whose work was of such a nature as to demand fair salaries. "After making this big play the panic of 1907-'08 struck us and hurt both the circulation and advertising pages of all our publications. "In the meantime we had been pay ing immense sums for art and manu scripts in order to make Outing the lead ing magazine of its kind in the United States. "The circulation of the magazine was not large enough to warrant these ex penditures, and the sums spent in this manner did not increase the sales of the magazine as had been expected. "I still believe that under proper management and a proper system of bookkeeping, the Outing Magazine could be made, in a short time, to pay off all its indebtedness, and if this is done Knapp Brothers' profit and loss account will be on the right side of the ledger. "The Outing plant is here, a reality and a tangible asset. When the final disposition is made the money will go to the creditors of Knapp Brothers. It the Outing Magazine alone can be sold for what it is worth the depositors will be paid in full, and in any event the moneys from the sale will go to the creditors. "There have been no irregular trans' actions in Knapp Brothers' banks in Dc posit or Callicoon, and everything will be explained when the final accounting is made. COUNTY NEWS. 4 USWICK AND IiAKEVILLB. April 19th. The M. E. Sunday School at this place was reorganized on Sunday, April 18th. Officers and teachers were elected as fol lows: Superintendent, Charles F. Utt; assistant superintendent, S. R. Crane; secretary, Miss Jennie Crane; treasurer, James Carefoot; organist, Miss Maud Locklln. Teachers: Gentlemen's Bible class: S. It. Crane; ladies' Bible class, Luella Olmsted; Intermediate class, Alma Klllam; intermediate class, Ethel Daniels; primary class, Stanley E. Crane. Sunday school begins at 10 o'clock a. m. on Sunday, April 25th. Everyone cordially invited to at tend. We hope the parents will at tend the Sunday school and thereby encourage their children and set the example for them to attend also. Christian Schrader, of Ledgedale, met with a heavy loss on Saturday afternoon. His house and nearly all of the contents were destroyed by fire. It Is supposed to have caught from sparks from the chimney fall ing on the roof. The upstairs part of the house was all blazing when the fire was discovered. They sav ed a little of their furniture from the sitting room, but nothing out of the cellar, where their provisions were stored, canned fruit, butter, lard, pickles, meat and thirty-five bushels of potatoes and other things. There was a small amount of In surance but not enough to cover the loss. Their daughter Mary, who lives at A. Goble's, visited her par ents on Sunday, and viewed the ruins. Mrs. E. Carr, who has spent near ly a fortnight with her son, It. W. Murphy, and family, at Hawley, re turned to her home at Lakevllle on Sunday. ' These heavy gales of wind have Interfered with our telephone wires. The operator at Ariel came down to A. Goble's at Lakevllle, and passed through Uswick enroute to Hawley and from there to Ariel, Inspecting the telephone wires. Edger Degroat, of Uswick, has moved to Hawley. J. S. Pennell, of Wilsonvllle, passed through Uswick enroute to Lakevllle to attend the school meet ing on Saturday. The Uswick school closed at 12 o'clock to-day, Stanley E. Crane teacher. Mrs. 31. A. Harloe had the quinsy last week, but her throat is much better, so that she was able to ac company her husband to the home of her parents, Mr. and Mrs. Chas. P. Utt, at Lakevllle, on Sunday. Sirs. Mosier visited her daughter, Mrs. James carefoot, and Mrs. C. P. Utt, at Lakevllle, recently. She re turned to her home at Long Ridge on Easter. Clarence Pennell spent his Easter week vacation with his parents, Mr. and Mrs. C. W. Pennell, at Uswick. He has returned to State College. Twenty of his young friends from Uswick and Lakevllle surprised him on Saturday evening by having a delightful tim with him at his home. Miss Hattie Killam has returned to her home at Lakevllle, after hav ing spent some time visiting her sis ter, Mrs. Brown, at Ledgedale. Mrs. George Helchelbeck, Jr., of Wilsonvllle, is visiting Mr. and Mrs. George Helchelbeck, Sr., at Audell. P. B. Pennell, of Uswick, sold a horse on Saturday to Aaron Gohle at Lakevllle; consideration $25.00. Abram Miller has opened a store at Lakevllle. Mrs. Mary Groner, of Elmdale, is visiting her brother, William See ger, at Lakevllle. She arrived on Saturday last. Harlan Locklln, who has been spending some time at Scranton, re turned home on Sunday. Mr. and Mrs. Frank Haney visit ed the latter's brother, Mr. Ed. Goble, at Rawlins, on Saturday. We regret to learn that Mrs. Peter Osborne of Arlington is 111. She Is suffering from gastritis. We hope she may speedily recover. Aaron Goble, game and fish war den for the Clemo Hunting and Fish ing Club, went to Hoadleys on Thursday, the 15th, to attend to his duties at the beginning of the fish ing season. Mr. Engle finished painting Oliver Locklln's house on Saturday. It is looking fine. David Engle, our popular painter, commenced painting Mr. Graybone's house, at Arlington, on Monday. Air. and Mrs. John D. Jorden and Miss Lindan visited at F. R. Olm sted's on Sunday afternoon. CLINTON. April 20. Mr. Baker, of Sterling. Is a guest for a few days past of his brother-in-law, Arthur Singer. The latter has the mumps. Fred Grlswald is quite ill with a fever. Several cases of chicken-pox are reported. Messrs. Arthur Singer, H. M. Bunting and Clason Arnold have recently purchased new horses. The Ladles' Aid met with Mrs. George Curtis on Monday last for dinner. Circle No. 1 furnished the dinner. Mrs. Albert Crosy and family, of Unlondale, paid her mother, Mrs. Louise Curtis, a visit on Sunday last. Amanda Norton spent a few and Mrs. Leon Ross returned with her last Sunday. Mabol Sanders was a recent guest of her friend, Miss Spoor, of Orson. Mr. and Airs. Frank Gardner and Bpn, Robert, of Carbondalo, spent a few days at Charles Varcoe's. Leon Sherman, formerly of Sche nectady, is passing his vacation with his parents. Miss Bessie Curtis, of Edenvale, was a recent guest at A. H. Curtis. Last Sunday evening the C. E, society elected the following offi cers: President, Mrs. Lille Rude; assistant president, H. E. Snedker; organist, Amanda Nortpn; assistant organist, Flora Loomls; secretary, Harry Varcoe; assistant secretary, Nettie Loomls and Ida' Lee; treas urer, J. E, Schoeblg; prayer meeting committee, Stephen Treat. Sunday, May 2d, will be the regu lar communion service at the Clin ton Centre Baptist church, when the hand of fellowship will be given to the new members. MIXANVILLE. April 20th. Mrs. Reeves Samp son visited her sister, Mrs. David Calkins, at Boyds Mills, Pa. Merlin Illman returned to Wyom ing Seminary on Tuesday last. Miss Lorena Skinner left here Saturday morning for Albion, N. Y. Mr. J. J. McCullough returned from Binghamton on Monday. Mrs. Bertha Jackson and Miss Lulu Jocelyn are working at The Delaware house at Callicoon, N. Y. Mr. and Mrs. Henry Lang went to Deposit last Saturday morning. From there thoy will go to Brandt where they will make their future home. Mrs. Brittan Calkins, formerly of Rochester, was the guest of Miss Edna Skinner Saturday. Mr. Cal kins, who is a landscape gardener, is at Tuxedo Park, N. Y., at the pres ent writing. District Superintendent Fuller preached here Sunday and assisted Rev. Coleman In giving the com munion. August Brucher Is recovering from a severe attack of rheumatism. George" Gerken is seriously 111 with rheumatism. INDIAN ORCHARD. April 19th. Charles Spry, of this place and Mr. Rickert, of Texas, are putting the roads between here and Honesdale in good condition. We are glad to leain that Stanley Dills, formerly of this place has secured a position at running a stationary engine in Richmond, Va. Mrs. William Ives, of Beach Lake, spent a day recently with Mrs. A. M Henshaw. Several at this place and at the Lake are on the sick list. Dr. Gavitte, of White Mills, is the attending physician William Colwell and son, of Torrey, were pleasant callers at the home of Richard Ham on Thursday last. Mrs. Swartz, who has been spending several days with Scranton relatives and friends, will return home on Tuesday next. Clarence Williams, of Peckville, was calling on friends in this vicinity on Sat urday. Harry Bunnell has sold bis sorrel driv ing horse to O. D. Henshaw. Mr. Bunting and family have vacated the McCarty farm and Mr. and Mrs Dave Olver have moved upon same. Helen Bayly, of East Honesdale, is visiting Mrs. Ray Bayly. The ladies of this place will hold their Aid at Mrs. R. Ham's on Wednesday next. W. W. Parish will sell his household goods and farming implements to-morrow afternoon. CITIZEN'S 5 MILE RACE. In hopes that every athlete will read the following suggestions, they are herein printed for their guid ance. First, before competing, or even entering upon the course of train ing necessary to compete in this event safely, each athlete is ad vised to have his heart examined. Second, not only should the athlete have his arms and body covered in his practice, but he' should likewise wear a loose fitting pair of long woolen trousers, and he should have his feet well protected, by Btrong soles, from the pebbles and hard road, and thus avoid bruises. While the man running feels warm, his arms and shoulders being exposed to the cold air It is very easy for him to contract rheuma tism and colds, which will result later in life in much pain and dis comfort. The training should bo started with long walks at a rapid gait with frequent jogs, and the distance of the Jog should bo gradually In creased until by the 15 of May every contestant can safely jog at about two-thirds his best speed the full course of five miles without great inconvenience. Ho should be es pecially suro to cover up warmly af ter his work, and after his heart and lungs have resumed their nor mal rhythm, and his temperature has become normal, to be rubbed down in a warm room, free from draughts, after which he. should rest In bed warmly covered up for at least an hour. Since the race is to be in the af ternoon, the best time to train for this race Is at thai hour. Tobacco and liquor should be avoided, as no man can get In his best condition and partake of these things; especially Is this true of the young athlete who has not formed the habit of depending upon these Who Named tke Flowers? Who first named the flowcrs7 Who gave them not their Latin titles, but the old familiar, fanciful, poetic rustic ones that run so curiously alike in all the dif ferent vulgar tongues ? Who first called the lilies of the valley the Madonna's tears; the wild blue hyacinth, St. Dor othy's flower ? Who first called the red clusters of the oleander St. Joseph's nosepaye, and the clematis by her many lovely titles consolation, traveler's joy, virgin's bower? Who gave the spiderwort to St. Bruno; the black briony for Our Lady's seal ; the corn feverfew to St. Anne ; the com mon bean to St. Ignatius; the baneberry to St. Christopher; the blue valerian to Jacob for his angel's ladder ; the toy wort to the shepherds for their purses ? Who first called hyacinthB the tree of sadness ; and the starry passiflora the Passion of Christ ? Who first made dedi cation of the narcissus to remembrance; the amaranthus to wounded, bleeding love; the scabius to the desolation of widowhood ? Who named them all first in the old days that are forgotten ? It is strange that most of the tender old ap pellations are the same in meaning in all European tougues. The little German madchen in her pine woods, and the Tuscan cantadina in her vineyards, and the Spanish child on the Sierras, and the farm girl on the Eng lish moorlands, and the soft-eyed peas ant that drives her milch cows through the , sunny evening fields of France, all gathering their blossoms from wayside green or garden wall, give them almost all the same old names with the same sweet, pathetic significance. Who gave them first? A Cut Glass Staircase. A recent dispatch from London states that the diplomatic understanding be tween Turkey and Great Britain has re' suited in an immense number of com' mercial orders reaching London firms from trie notabilities of Constantinople. Never before have English goods and Englishmen been so popular in Turkey, and members of the Young Turk party in London are acting as agents in the exportation of all sorts of leather, silver and woolen goods. The Sultan himself has led the move ment. Abdul Hamid still clings to his old ideas of gorgeous Oriental luxury, and he has ordered a complete staircase of cut glass for his palace. It will be the most dazzling staircase ever seen outside of a fairy story. The "treads" of the stairs are to be beveled and cut with Turkish inscriptions. The stair case will be 25 feet wide, and colored electric lights will illuminate it on state occasions. Jewelers' Circular. Don't Worry. Anxiety enfeebles and wastes ones strength. One day's worry ex hausts a person more than a whole week of quiet, peaceful work. It Is worry, not overwork, as a rule, that kills people. Worry keeps the brain excited, the blood feverish, the heart working wildly, the nerves quivering, the whole machinery of the life In unnatural tension, and It Is no wonder then that people break down. Nobody can do the best work when fevered by worry. Worry does no good, It changes nothing. Given High Honor. Prof. Frederick Starr, anthropolog ist at the University of Chicago, has been made an officer of public in struction under the French govern ment The consul explained that this was one of the highest honors in rec ognition of his work in Mexico. THE TANGLED WEB i By Ethel Watts-Mum ford Grant An Absorbing, Fascinating Story of Mystery, Adventure, Hypnotism, Sociology. A Serial Story Our Readers Will Enjoy Free, from the unreal, forced situations of the ordinary story of its kind, live, realis tic and intensely interesting:. We believe this is the best short serial that has ap peared in many a day. Best is a strong word; but the story justifies it. It Is a brilliantly written detective story, plus a lot of other things; love, adventure, society life, mystery and hypnotism. The theft of a society leader's jewels occurs at a Long Island house party. The search for the thief is full of surprises. We have secured the exclusive rights to THE TANGLED WEB. Begin with the first installment and we feel certain you will follow the story through with constant Interest and entertainment. WATCH FOR THE FIRST NUMBERS Care or tho Refrigerator. Nothing is so dangerous to the health of the household as a refrig erator that is not perfectly clean It means possible typhoid fever, for one thing and other diseases less dangerous but troublesome. In the first Dlace the waste til no should not be connected with- tho drain. It Is more trouble to empty a pan once or twice a dav. but to have tho food supply connected with the house drain is certainly unde sirable. The refrigerator should he wash ed out at least once a week, and twice In hot water. The shelves should be taken out aulcklv and washed too. Rinse In clean, warm water and wipe dry. This is im portant, as one of the properties of the perfect refrigerator Is dryness, which helps to preserve the food. Every morning take out tho food left from the day before and ex amine it. If it Is the least bit taint ed It should be thrown away at once. Charcoal or a lump of dry lime should be kent In the food hnx. They absorb impurities and act as a disinfectant. Milk and butter should always be kept in a covered crock, or other wise protected. They are extreme ly perishable, and easily absorb the odor of other food. Of course, all foods with a strom: odor should bo covered also. Food should nlways be put away In china or glass. Tin, and even silver, affect foods when they are kept together for a number of hours. FInnlly never put food away hot. It is likely to spoil, and it causes heat in the refrigerator. CITIZEN JOB PRINT means STYLE, QUALIT , and PROMPTNESS. Try it, The Era of New Mixed Paints ! This year operu witn a deluge of new mixed paints. A con dition brought about by our enterprising dealers to get some kind o?xedmpainfc that would suPPlat CHILTON'S MIXED FAINTS. Their compounds, being new and heavily advertised, may find a sale with the unwary. THE ONLY PLACE IN HONESDALE AUTHOU1ZED TO HANDLE Is JADWIN'S There are reasons for the pre-eminence of CHILTON PAINTS: 1st No one can mix abetter mixed paint. 2d The painters declare that it woiks easily and has won derful covering qualities. 3d Chilton stands back of it, and will agree to repaint, at his own expense, every surface painted with Chilton Paint that proves defective. 4th Those who have used it are perfectly satisfied with it, and recommend its use to others. Clip Your Horses before putting tliem at the spring work. Clipped horses dry out quickly at night. They rest well and their food does them pood. You can clean a clipped horse in a quarter of the time. The STEWART, No nit; cunvvAiu, io. i rrsT f Clipping Machine vt i,JlJ It is the BEST MADE, easiest turning and most sat isfactory machine EVER made, and is fuliv guaran teed. Come in and gpt one NOW. We also grind Clipping Machine knives. Author of "Dupes," "Whitowath," Etc CASTOftIA Tat lafcata and CMMrea. Nri Ym Hm Atop BM0! Bears tho Signature of THE PITI7CU Has mado ar I III. b! I ILLn rangoments for A FIVE MILE FOOT ;R ACE AFTER THE MARATHON PLAN WHICH WILL TAKE PLACE ON PAKE PLACE ON MAY 31 Decoration Day 5 Handsome Gold and Silver Medals will be Awarded the Winners I ENTRANCE FREES To all competitors llvlner In the county, exclusive of professionals: entries to be made at nnv time prior to May aoth. ALL CONTESTANTS will be rer mitred to submit to a physical examin ation by competent physicians, to Insure proper endurance condition for race. FURTHER DETAILS Including in structlons for proper training, will ap pear In succeeding Issues of Tue Citizen CHILTON'S MIXED PAINTS PHARMACY. ERK BRO'S. iTCAW IN S THIS PAPER S days In Honesdalo last week. Mr. stimulants.