Ferd Tillman Yard-o-meter

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Ferd Tillman Yard-o-meter - ASKS RECEIVERSHIP SUIT AGAINST ST. LOUIS FIRM...
ASKS RECEIVERSHIP SUIT AGAINST ST. LOUIS FIRM JEFFERSON CITY, Deo. 14.- 14.- (Special.) State Finance Commissioner Commissioner Frank C. Millspaugh has requested requested Attorney General Barrett to institute proceedings for a receivership receivership for the Yard-O-Meter Yard-O-Meter Yard-O-Meter Yard-O-Meter Yard-O-Meter Corporation Corporation of St. Louis. Millspaugh charges tha tis has violated the terms of the permit to sell its stock in this state under a license issued under the blue sky law. William K. Wilkinson of St. Louis, a stockholder in the corporation, has filed the principal affidavit on which Millspaugh's application is based. The company was incorporated in 19 20, and in March of that year was licensed by the blue sky department to sell $75,000 of its capital stock. In 1921 it was authorized to sell an additional $50,000. Its total capital stock as shown by the incorporation papers is $600,000. Wilkinson alleges in his affidavit that the company has disposed of $475,000 of its stock and has paid out $25,000 of stock for promotion work. He asserts also that it violated violated Its escrow agreement in turning turning over to Ferdinand J. Tillman stock of a value of $200,000 in the face of an agreement this was not to be done until it had been demonstrated demonstrated that patents turned over to the company by Tillman were practical practical and the company paid an annual annual dividend of 6 per cent out of its net profits. A large amount of the stock is said to have been sold in St. Louis. The company manufactures a device for measuring cloth in large quantities. quantities.

Clipped from The St. Louis Star and Times14 Dec 1922, ThuPage 21

The St. Louis Star and Times (St. Louis, Missouri)14 Dec 1922, ThuPage 21
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