Jasper County Democrat, Volume 16, Number 88, Rensselaer, Jasper County, 4 February 1914 — Another Insurance Company Needs Attention. [ARTICLE]

Another Insurance Company Needs Attention.

Sometime last year the Travelers Insurance Machine Company, a company which puts out a nickle in the slot insurance machine, installed one of their machines in Remington, and had one of their representatives here nearly all summer off and on inducing people to huy stock in the concern. That he found a g'oodly number here is a fact as is also the fact that they have now notified the stockholders that the company is about the same as busted 1 if they don't oome across with $5 apiece. The company it is said on good authority, manufactured or had made for them 500 of the machines and operated them that season when they were called in as they are said to be defective. How much revenue the machines produced is not said, but it is presumed the sum amounted to a good-sized One. They also collected $600,000 on stock. Now they confess that this money is all gone and ask the stockholders for sr>‘ apiece or $lO,000 with which to build 500 more machines and operate them in some foreign country. If they were unable to operate 500 machines on $600,000 or more, how in the name of wonder are they going to do the same stunt with 500 more in a for-, eign country on SIO,OOO. It looks like they thought that as the stockholders were easy marks in the first place, that they could bleed them for an extra SIO,OOO before the concern goes to pieces. A little in-

vestigatiug of the affairs of the company by Interested stockholders might be a good thing for all concerned as well as a sort of a warning to the new crop.—Remington Press.