Stone Harbor Gazette

VOL. I— NO. 26 STONE HARBOR, N. J., SATURDAY. APRIL 17, 1916 TWO CENTS

Stone Harbor Gazette ! Issued Weekly BY THE CITIZENS LEAGUE OF STONE HARBOR \ Stone Harbor, N. J. 12 PERSONALS ~ : .\ i: We have bought and paid for our J promised improvements years ago, and must wait until the company is willing * aud ready to fulfill them. With their ' power, filling every Borough office, they j have put every street on the Borough and call it a finished graveled street, regardless of the scant amount of gravel 0 they put on. The tax for repairing and ; Just think of so small a town to care for miles of streets, what it means in ; taxation, saying nothing of the proposed bulkhead and jetties which is to cost r If 1 <>0,000 dollars; a boardwalk for $33,- ' 0( 0 dollars, and a building for Borough , offices of $0000 and a school house debt of ,$15,000. Think of it! s If it is right for the S. .T. 11. Co. to 1 build a machine to crush those who in- i vested their money and built cottages, 1 it is right for the lot and bond holders [ to get together and build a battering * ram to crush the machine, Unless we > do it now and nip it in the hud the ' people of our Borough wilt have learned . a sad lesson. I When we look upon our beautiful 1 beach, the land and the hack waterway , we all admit that there is none to equal it along the coast of New Jersey. Had the company fulfilled their part of their j contract, Stone Harbor today would i have been a success. The company tells you that there will ■ not be a prohibitive lax, because they are taxpayers as well as the investor. t Here is the answer to their statement. In a few years they will have all their lots sold, and then they will not be taxpayers any longer, then the burden of taxation will fall on the investors, lioiiiebnilders and citizens for all eternity. Citizens of Stone Harbor think this mutter over seriously. After a two weeks' stay at Stone Harbor, Mr. and Mrs. William Schuck and family, with Mrs. Harry Owers, motored to Wildwood on Sunday, April 11 i to attend the celebration of the ninetieth birthday of Mr. Schuck's and Mrs. Owers' mother. Mother Schuck was greatly surprised to have eighteen otiier members of the family to come from Philadelphia to celebrate the occasion. It is needless to say that flowers and goodies were in abundance. Last year the South Jersey Realty Company built the largest political steam roller in the history of the State of New Jersey. Why was it built? It was built to crush the taxpayers who invested their money in Stone Harbor from getting what they paid for. Ab many of the investors are not voters in Stone Harbor, the S. J. R. Co. took advantage of the opportunity to carry the election with their board of non-taxpayers (their employees) and we, tile citizens and investors, arc now at ■V learned blockhead is a greater blockhead than an ignorant one. Don't throw stones at your neighbors if your own windows are glass. Despair ruins some, presumption many. One today is worth two toCreditors have better memories than debtors. If you do what you should not. you must hear what you would not. A great talker may be no fool, but lie is one that relies on him. Promises may get thee friends, but non-performances will turn them into You may give a man an office, but you cannot give him discretion. A good talker is one who not only knows how to talk, but also nevet misses the psychological moment fot When a man is in trouble most ol his friends give him sympathy by ab

sent treatment. — Albany Journal. Some men are so gifted in the art of telling stories they can make the plain truth sound like a. lie.— Toledo Blade. ' . A man with exaggerated ego is a chap who has the aggressiveness to say about himself what yon haven't the nerve to say about yourself. We don't wonder some men look so startled when their wives call them "dear" in public.— Philadelphia Inlt is well to get off all these remarks about how delightful it is that our country is at peace before the spring honseeleaning begins.— Pittsburgh Gazette Times. Confession may or may not be good for the soul, but it is always good for the prosecution.— Deseret News.

SECURITIES CO, IS CALLED BANKRUPT BY JERSEY COURT Vice Chancellor, at Trenton, Advises Permanent Receiver for American Concern, of Philadelphia. Trenton. — "Bankrupt from the start," is the terse expression used by Vice Chancellor Backes in an opinion filed today advising the appointment of a permanent receiver for the American Finance and Securities Company, of Philadelphia. The Vice Chancellor estimated that, notwithstanding assets eiainied to exceed S7.000.000, the company could not realize more than $55,000 with which to meet liabilities amounting to $1,500,000. The effect of the decision will be to continue Malcolm G. Buchanan as receiver. He was appointed in proceedings instituted by Alfred S. Wright and otiier investors of the finance company. Adverting to the management of the company, of which George D. Bouton s president, the Court remarked: "it would, indeed, make interesting reading to review the career of the company. its exploitation and vicissitudes of fortune, from its inception to the present application for a receiver, so ngennously related on the witness stand by its president, lint it would be without profit. To permit this company to continue siness would simply be inviting a duplication of the hardship from which the public is now suffering through a million dollars and more of losses sustained in investments in the defunct til Tiro Copper C-ompany (Mexico), and the New Jersey Steel Company tRahway) and from which it is entitled and ought to be safeguarded. And the maladministration of the defendant's officials the bondholders and stockholders are also entitled to protection." Capital Stock Was $5,000,000. Reviewing the history of the comthe Vice Chancellor showed that was formed in 1903, chiefly for the purpose of promoting and financing otiier corporations, with ail authorized capital stock of $5,000,000. All of this stock was issued to the Eastern Finance Company, in excess for holdings of that concern in other companies formed by the same promoters, all of which, the Court said had a fancied, but probably unsubstantial value. Describing the $5,000,000 of capital stock as "water," the Vice Chancellor said it was used to promote the sale whose purchasers were given blocks of stock us a bonus. It was intended to use a subsidiary company of the Eastern Finance Company to sell these bonds to the public, but when the method failed the American company made the sales which yielded, according to its claims, $1,000,000. The Eastern Company still holds 27,500 shares of the American Company, the remaining 22,500 shares having been handed over, as occasion required, to the purchasers of the special contract bonds. "Up to this point in the history of the company it appears," said the Court, "that it was launched upon the financial world with possible assets of not more than $1,000,000 and fixed liabilities of $1,250,000, plus $5,000,000 of capital stock." Large Issue of Bonds. A general balance sheet of the company issued as of December 31, 1914, showed assets of $7, 030, 20. The largest item in this consisted of common stock of subsidiary companies carried on the books at $0,200,975. These included the New Jersey Steel Company, the Guanajuato Reduction and Mines

Company, the Empire Lumber Company and tlie El Tiro Copper Company, . all of which were created by the promoters of the finance company. "It might be well," said the Vice Chancellor, "to give the modus oper- , audi of the company's promotions and , how it came into possession of the ] enormous amount of stock which it represented to its creditors and the "A subsidiary company would be formed to engage in commercial enterprise. Tlie subsidiary company would make a bond issue running into the millions and far in excess of the cost to it of its property, which would be mortgaged to a trust company to secure the i bonds. An issue of capital stock would then follow, usually in double the amount of the bonds. "The defendant company marketed as many of the bonds as it could induce the public to buy, usually at 80 per cent., and gave to each purchaser ; a block of the capital stock, varying in amount as the exigency demanded. Whatever of tlie bonds remained un- . sold and stock not given away was , treated by the company as its property and went to make up the assets of the general balance sheet." Showing that the Guanajuato Comt pany is engaged in separating the leftover silver .from the dumps of an ancient mine in Mexico, which could not be extracted under old methods, r the Court pointed out that it was adr mitted that because of the unrest in r Mexico there is no market for any of tlie securities, even though the American public might otherwise be willing to buy them. Regarding a statement * by President Bouton that he could sell bonds of this comnanv. the Vice Chan-

cellor said. $1,500,000 Deficit, Says Court. "The only possible purchaser he had ir. mind was a gentleman who is an investor in the finance company's securities to the sum of more than a million dollars, and who probably could lie pr-suaded to purchase, if by so doing tlie life of the finance company, could be prolonged, but not otherwise." Showing that the otiier underlying companies are virtually defunct, the Vice Chancellor reached his conclusion that at tlie present time the company faces a deficit of nearly $1,500,000. Commenting upon tlie various litigations with which the company is threatened the Court continued: "Next, let us turn to the management and manipulation during the last year. To sell $50,000 of securities during the year 1914 cost the company $18,000, and during the same period its 'face values' assets shrunk some j $5,000,000. The shrinkage was neatly j recovered in the next annual balance

VOTE PIRATES !l SENT TO JAIL Six Years for Mayor Roberts, i Chief Figure in the Terre Haute Election Frauds. JUDGE GETS FIVE YEARS Same Penalty for Sheriff, But Ex-Police Chief Gets Off With One Year. SIXTEEN TO TAKE APPEALS Among Them is Roberts, Whose Bail is Fixed by Court at $60,000. Indianapolis. — Mayor Doun M. Roberts, of Terre Haute, who was described by Judge Anderson in Federal Court today as tlie "arch couspyator" was sentenced to serve six years in the F'ederal Penitentiary at Fort Leavenworth, Kan., and pay a fine of $2000 ( for conspiracy and fraud in the November election. Edward Helier, former eiiief of police, who had pleaded guilty, also re- 1 Twenty others of ijie 110 persons who have been convicted or pleaded i guilty to tlie F'ederal indictment cltarg- j ing "conspiracy to defraud the United' States by corrupting the election of November 3, 1914. also received sen tences to Leavenworth prison. Four I were given suspended sentences: judg- 1 ment was reserved in the case of four, at the request of United States District I Attorney Dailey, and the remainder : were either sentenced to local jail or j fines. It was said to be the largest, mm- 1 ber ever sentenced at one time in the : local Federal Court. Four of those sentenced received their commitment papers this evening and were given until Sunday to begin the trip to prison. Sixteen others, including Mayor Donn M. Roberts, who received prison sentences and appealed, and tlie 87 who were sentenced front one day to six months in tlie local jail, were in jail here tonight. It was said that the sixteen will be given two or three days in which to obtain their appeal bonds, fixed at $10,000 for each year of the sentence. Roberts' Bail $60,1*0; The four who withdrew from the appeal are John M. Masselink, city scaler of weights and measures and former member of tlie State Legislature:. Arthur Gillis, Progressive election official: Joseph Strauss, liquor salesman, and George Sovern, gambler. Each had been sentenced to a year and a day in prison and to pay a tine ot $100. They loft for Torre Haute tonight and will rei main there until they leave for Leavenworth- unaccompanied by guards. To obtain liberty pending his appeal. 1 Mayor Roberts, who was sentenced to i prison for six years and to pay a line : of $2000— the severest sentence given— ■ will have to furnish a nond of $00,000. ' Efforts to secure the bonds for the 10 were begun this afternoon. If all secure bond it will mean a total of $420,000. , , A large crowd gathered around the • Federal building this afternoon to see " the prisoners as they were taken to jail. } -United States Marshall Storen. liow1 ever, instead of marching the prisoners to the jail, had them hauled in a city ^ patrol automobile.

Elizabeth, N. J., School Bonds Sell High. Elizabeth. April 17.-For the highest premium. 104.512, ever offered the school bond issue was sold this noon by ("in- Comntroller John S. Saner to the Fidelity Trust Company of Newark, and Clark Dodge & Co.. of New York. Including the joint bid of the Fidelity and Clark Companies, there were five bids seeking the entire issue, and one other bid for $50,000 worth of the bonds. . . The bids received, besides tlie joint Fidelity and Clark one, were: A. B. Leach & Co. and John D. Everett & Co., jointly, 103.051: Kean, Taylor & Co. 102.059: J. S. Ripncl. 101.88: N. W.'Halse.v & Co.. 101.775. All are New York houses, excepting Rippel. a Newark concern. The National State Bank sought $50,000 worth of the bonds at a premium. "This was accomplished by ingeni ouslv reducing tlie par value of tin stock front $100 to $10 a share, thu: enabling tlie company to add $4.500, 0(M to its 'surplus' and keep that allurinj item unscotched. "The officials of the company protes that their motives in this maneuver wa purely economic — tlie saving of an an nttal tax of $3500— but I apprehend tint tlie use to which tliey put the resui was otherwise quite satisfactory. "Moreover, we have this situatior The business of tlie company lias gon into voluntary retirement for the pre: ent. Its officers appreciate that it

financial condition is desperate ana 11 extrieable, at least for the time beinj Confessedly, it lias ho means to carr on its business of promotion, and I fa to see how it could survive long, eve under the policy of iutrenchment r eently inaugurated. "And. further, as to the managemei in tlie days of its tribulation. The pros dent sold an Empire I, limber Conipar bond for $500, paid into the treasm $400. pocketed tlie difference, and jus ties itis action on the ground that tl company was willing to sell these bom at 80 per cent, of the par value. F also says that he made a profit on eve bond he sold above 80, since he ceas drawing a salary. He formerly drew salary of $15,000 a year, but recent agreed to forego it as a part of the i trenclimept plan. In January of tl year he borrowed $500 from the alrea scant treasury of the company for i private use. which lias not been pf i back. These transactions may lie : garded as minor, but they vividly in i cate how the business was intended be conducted."

PROSECUTOR IS ACCUSED I UP ON THREE AFFIDAVITS Court Tells the Grand Jury to Investigate and Names an Attorney for the State. OFFICIAL FIRM UNDER FIRE Repeats Former Statement That Charges Are False and Inspired by Revenge. Cape May Court House, N. J., April 17.— At the opening of the April term of the Cape May County Courts today Supreme Justice Black, in his charge to tlie Grand Jury, dwelt briefly but to the point upon charges recently brought against Prosecutor of the Pleas Matthew Jefferson. He stated that evi- ; dence was in the hands of tlie officials which warranted the jury to make a thorough investigation, and appointed Prosecutor William J. Kraft, of Cami den county, to act as attorney for the State and to assist the jury in its ini The affidavits on which the charges I and were collected by Jerry Delaney, a i saloonkeeper of Sea Isle City, who also is a member of the Grand Jury for ! this term. In one affldayit'it is alleged that Jefferson collected $42 from Harvey Cramer, of Wildwood. when his slot machine was taken and that this | money never has been turned over to tlie county. Louis Bishop, of Anglesea, I made affidavit to the effect that lie was led to believe that if he obtained a machine front a man named "Tice" lie ! j would be granted immunity. Frederick | \V. Roth, of Cape May. in another affidavit, declared that Detective Cheeseman told hint that, having rented his slot machine from George Savage, he need have no fear of being raided. Prosecutor Jefferson was present in Court when the Grand Jury was charged, and afterward made the following statement: "It is hardly proper for me to make any statement in view of the fact that Justice Black has placed before the Grand Juj-v the three, affidavits invnlring tliis office. It will not tie Tin-] proper for me to reiterate what I have already said in a public statement two ■ weeks ago, when rumors of these charges reached me. "There were three affidavits collected by the saloon men. One was to the effect that $42 was paid me by Harvey Cramer as a fine and retained by me. Mr. Cramer lias a receipt for tlie money, which was taken as bail, and not as a fine. ITe signed for a special trial at Court, and the formal application may be seen in my office. I herewith show the original applications, i The others allege that protection was I given to slot machines. "I say now, what I said then, that ■ these charges were started by the HoI telkeepers' Association, whose members ■' I have compelled to observe tlie law. i Roth in 1913 and 1914 I employed the Law and Order Society of the M. E. j Church of this State to assist me in | suppressing Sunday rum-selling and gambling." NOTICE OF SPECIAL ELECTION BOROUGH OF STONE HARBOR

Pursuant to law, notice is hereby giv- >. 3 en that a special election in the bor- „ ■ ottgh of Stone Harbor, State of New ) Jersey, will lie held on t Monday, the Tenth Day of May, 1915. i • at the store on the northwest corner of : f Ninety-sixth street aud Third avenue, in 1 * said borough, at which election tlie 1 ■ polls shall remain open from <5 o'clock in the morning until 7 o'clock in the eve- - liing. This special election is held, pur- " suant to a resolution of tlie Council of 11 the borough of Stone Harbor, passed March 15. 1915, providing for the isI suance of Thirty-three Thousand ' Dol- ; lars ($33,000) of Bonds for the erection : | of a boardwalk along the ocean front of ' i said borough, and is to determine whether tlie majority of tlie legal voters of A ' said borough are in favor of. or op- , | posed to, the issuance of said bonds, " i which question will be the only one .t ' submitted at said election. " . 1 Voting at said election will he by ballot. j The Board of Registry aud Election 1; 1 of the Borough of Stone Harbor will ' meet on the first day of May from 2 P. ... M. to (! P. M., in tlie school-house at ' Stone. Harbor to add to the register the names of any resident of said borfj ougli not now registered, who may ' appear before them and by affidavit sntisfy them of his right to vote at said special election. (Signed) LEO F. McCRAVEX, Borough Clerk. ™ Dated April 5, 1915. int. ny DEBTS .',1 The Question now submitted for tlie llp - W, -tin-, of ti.» citizens of Stone ids Harbor is this: "Which is the greater. Lin the debt owed by a public official to the >ry Borough which elects him or tlie debt se'd owed by a politician to a political tly Particular attentiou to tliis is called rp_ by tlie Council. The Mayor's knowlliis ed-.re of municipal finance is too inli„lv mate1 for it to be necessary to remind his him of the fact that if the eontemaj(j plated Bond issues nre passed the enormons increase in the tax rate will lie idi- -".'.led *'■ the alreadv heavy burden of to debt of the voters who have twice ontrusted him with office.

ALL SALOONS MUST GO, SAYS JUDGE, SENDING MAYOR TO PRISON CELL "Arch Conspirator," Declares Jurist Who Sentences Roberts and Others. Indianapolis, Ind., April 17.— Mayor Donn M. Roberts, of Terre Haute, described by Judge Anderson as the "arch conspirator" in the plot to corrupt the election in that city last year, was sentenced to six years in the Federal Penitentiary at Fort Leavensworth, Ivan., and to pay a fine of $2000 in the Federal Court here yesOf 'the 116 sentenced at tlie same time many were city and comity officials. In imposing sentence, Judge Anderson commented on the evidence and the conditions in Terre Hhute. Considering tlie cases of the saloonkeepers who had pleaded guilty, he said: "My notion is that the saloon will have to go. 1 believe tlie time will come when the people will rise up and smash the saloon— at least, as we have it now. The evidence in this case showed that tlie saloons were the centres of nearly all the corruption in the election at Terre Haute." He said he noticed the saloonkeepers appeared robust and strong. He added: 'God Almighty meant them to work with their hands. 1 don't approve of tliis saloon business — at least, as it is conducted in Terre Haute." REALTY BOOMER JOES TB TRIAL Pierre Looker, Arraigned in Federal Court, Faces Also Larceny Charge in State Indictment. Judge Cushnian. in the United States District Court, today denied the motion of Ernest Baldwin, attorney for Pierre M. Looker, president of the Monatoit Realty Investing Company, to dismiss the indictment charging Looker with misuse of tlie mails in the promotion and salm-W' securities of his ooifipany. Tlie • C*.oit to- dismiss was based on fjte co vrion tl'nt the indictment was faulty ill that si. me spre-ilic cases Mem ' tioned therein were of a date so remote i that tlie statute of limitations intervened, j Judge Cushnian ruled that an overt act ■ might have been committed in the later I instance, without relation to the former, i Looker also faces a State court j indictment eliargifig grand larceny, J growing out of his promotion methods. | With D. Major McLaughlin, who died two month ago. Looker organized tlie ; Monnton Realty Investing Company in ' 1907. The concern was capitalized at : $1,000,000 and immediately acquired control of several high-class apartment houses in Brooklyn and Manhattan. By making small payments and giving | mortgages for the balance, bonds and profit-sharing certificates on the properties were sold to the amount of about $4,000,000. Enormous dividends, alleged to have been taken from the re- : ceipts of the sale of securities, were - paid on the preferred stock when, the i government alleges, tlie company would not have been justified in paying even The indictment charges six counts i and tlie presentation of the govern- ' at ''once 'before "a1 jury^'lly "a'ssF-Oi'iO United States District Attorney Hartridge. in outlining his case Assistant District Attorney Hartridge said lie wouh show numerous specific instances ii which certain properties were operate' at a loss from the time they were taker over, with the company's .statement:

showed a profit on tlie transactions. He also intimated lie would show that in 1 some of the company's statements of i assets properties in which the company had no equity were included. Walter E. Pratt, of 462 West Twentieth street, former secretary of tlie Monaton Realty Investing Company, was the first of the government's witQPT1MISTS By Miriam Teichner. Some optimists on earth there ate Who chant bow right things he. And sweetly smile, with gaze afarNaught can their sweet complacence jarAil for tlie best they see, Like men wlio'd sit in one weak beam ' >r candle flame, and in its gleam. Though all around them pressed the night. Would carol: "Friends, tlie world's alight." "All's right," they say. "All sin and Of course are for the best. The patn as pointed -.ve must go. Though where it leads we cannot konw. It's painful, that's confessed. Though men must suffer, don't you see Things are just as they have to be? Distress and want are rife, 'tis true, But that is life. What can one do?" But optimists with eyes that see Ring fortli in challenge tones: "Things nre wrong as they can be: The true are chained, the false are , free. The air's n-pulse with groans Of men who never had a show. Of babies born in crime and woe, These tilings are wrong. It's time to , .. Onr task is to make tilings right. So optimists are not. to me, The men who fold their hands And warble in their pious glee I "Things arc as they're supposed to lie. Right, by divine commands." • The discontent divine belongs ■ To optimists whose throbbing songs ' Will strive for right, will echo far: - They sing— and tell lio'w wrong things are.

VOTE AGAINST BOARDWALK BOND ISSUE A notice calling- a Special Election of the LEGAL voters of Stone Harbor on Monday, May 10th, to ratify the "Bond Issue for $33,000," to build a Boardwalk should receive SPECIAL ATTENTION by every citizen, whether you are a voter at Stone Harbor or not. The "Gazette" published last week sufficient evidence to convince every investor that it is a part of the S. j. R. Co.'s contracts and an obligation they owe to the public. In replying to Gov. Fielder at Trenton, H. S. Risley as president of the S. J. R. Co. not only affirmed this obligation, but publicly acclaimed that HIS COMPANY WOULD BUILD THE BOARDWALK WHEN THE PEOPLE OF STONE HARBOR WANTED IT. Acting in his official capacity "as Mayor," fully realizing that ' through his power and prestige over his employees and the dominating influence exercised over a large percentage of the laboring vote he now boldly attempts to shirk his responsibility and designs to furnish an excuse for levying the direct cost again on the. property-holder. The grandiose egoism of such xa project may seem to be a logical relief to his conscience, but it may be doubted whether it was not one of his pre-arranged ideas for entering the political arena. It is more than likely that he solely relies upon the voting strength of his employers, and those directly or indirectly associated with him in business to further provide and assist himself as president of the S. J. R. Co. THIS IS NOT A VOTE ON "WHETHER THE PEOPLE OF STONE HARBOR WANT A BOARDWALK OR NOT, BUT WHO IS TO PAY FOR IT." Whether the S. J. R. Co. contracted with each and every investor at Stone Harbor to erect a Boardwalk at their own expense. Have they kept faith with the investors, carrying out with STRICT FIDELITY every promise they have made? The "Gazette" further submits the following for Mayor Risley's explanation, copied from his prospectus issued in 1909: The lots are 23 feet wide and 110 feet deep, excepting corners, which have a width of 35 feet. The lots are conveyed free and clear of all incumbrances, in proportion to the number of Bonds issued, 200 lots being in the possession of the Trustees when the entire Million Dollars of Bonds is outstanding. THE TRUST AGREEMENT provides that the COLONIAL TRUST CO. shall hold title to these Beach Front lets for twenty years, unless the)' should be sold earlier for Five Thousand Dollars each, a sum sufficient to REDEEM THE ENTIRE BOND ISSUE when realized for each lot. THE BONDS GUARANTEE that the SOUTH JERSEY REALTY CO. will BUILD A MAGNIFI- : CENT OCEAN BOARDWALK IN FRONT OF EACH lot so conveyed. I Should the ocean recede, as is so usual at adjacent i resorts, thus ADDING TO THE ORIGINAL AREA | ' conveyed as security for the Bonds, the S. J. R. CO. IS t PERMITTED TO MOVE THE BOARDWALK for- : ward, maintaining it, however, above high-water line. ! THE BOARDWALK IS TO BE AN ELE- ' VATED STRUCTURE, TWENTY-FOUR FEET - WIDE AND WHEN COMPLETED WILL TRAl VERSE THE ENTIRE OCEAN FRONT OWNED I BY THE COMPANY .... •I Mayor Risley IS ADDING TO YOUR TAX RATE BY u ! CALLING A SPECIAL ELECTION to secure the support of t- his followers to repudiate this agreement which he made with j every purchaser of Beach Front Improvement Bonds and The (l j Stone Harbor Ocean Parkway Bonds. [j I Will you, as one of the investors, permit it? If not, join the ii ' "Citizens' League" in their movement to protect our rights.

JUGGLING FACTS In reply to Mayor Rislev's oft-repeated analysis as to result of increased assessed valuation on Beach Front Lots to offset the carrying charges of a Bond Issue to protect the ocean front property, it is the amount of Dollars and Cents paid for taxes that the citizens object to and the Borough's financial situation, which establishes conclusively that there is no necessity for the imposition of the $196,000 being unloaded on the Borough. If H. S. Risley as president of the S. J. R. Co., could "legally prove that he , is not obligated to build a Boardwalk, or to protect the security he gave for the Beach Front Bonds: even then, tlie- taxpayers have just and sufficient cause to oppose these Bond Issues. The taxpayers have every right to protest with all propriety, since Mayor Risley was elected largely by votes of nontaxpayers. It is the duty of every citizen to interfere with the plans of the leaders to provide patronage for $.1 9.6,000. The primary result of the $193,000 Bond Issues now in Council to build a Bulkhead with reclamation jetties and a Boardwalk "To reimburse the the S. J. R. Co. for their outlay in building lots and transgressing on the Ocean's highway. For expenditures in erecting inadequate protection for lots sold to the public. i To reimburse the- S. J. R. Co. for their liability under many outstanding contracts. "To complete any additional construction required to insure protection along the ocean front. "To pay damages resulting from the recent storms. "To provide these means for reimbursing the S. J. R. Co., the 1 Mayor in his dual capacity says nothing about the provisions being so arranged that the burden of over-taxation will remain for 30 years." i His juggled figures in explanation will fail to impress the intelligent citizen, who can draw substantially the same conclusions as does the Mayor in his own mind. On the other hand the Mayor's own juggling of facts mu convince the taxpayers of Stone Harbor of his own insincerit- >, the matter. The public has some respect for the highwayman w! the courage to take his victim's pocketbook by main fc has none for the pickpocket who is caught in the act and s whine out an apology.