text:
Machine Games Duty (MGD) was introduced on 1 February 2013. It replaced Amusement Machine Licence Duty (AMLD).
This guide tells you what MGD is, how it works and what you need to do if it affects you.
IMPORTANT: You must make an MGD return and pay on time. There are penalties for missing the deadlines.
On the back of your MGD registration document you will find details of the months in which each of your accounting periods ends (four a year) - each accounting period ends on the last day of the month. After the end of each period, you need to make a return and pay what you owe by the last working day before 30 days has elapsed.
HMRC can help you to do this:
If you are an online MGD customer and you have given us your email address we will email you a reminder that your next return is due.
Our online service is quick and easy to use, however if you have chosen to file your returns on paper we will send you one by post at the end of each period. If you think you should have received a paper return but have not done so you should ring the Excise & Customs Helpline straightaway. You can't download a blank paper return from the internet.
On this page:
MGD has replaced AMLD, and where MGD is payable you don't have to pay VAT on machine games.
MGD is charged on the playing of dutiable machine games where customers pay to play the games in the hope they will win a cash prize that's more than the cost to play the machine. MGD is not payable on machine games that only offer non-cash prizes or only cash prizes that are less than the cost to play.
A machine game is dutiable if both the following apply:
MGD is not generally payable on the takings from machines where the play is:
There are two rates of duty for MGD:
This is an example of how you calculate what you owe.
Example - in accounting period 1, an operator has net takings of £100 from Type 1 machines and net takings of £200 from Type 2 machines.
MGD due is calculated as follows:
100 x 20% (MGD standard rate) = £20
200 x 5% (MGD lower rate) = £10
Total MGD due = £30
If a machine offers several dutiable machine games, and one or more is subject to the standard rate, then all the dutiable machine games on that machine are subject to the standard rate. This applies whether or not some of them would otherwise be charged at the lower rate and regardless of whether anyone actually plays the standard rated games.
You'll need to register with HM Revenue & Customs (HMRC) for MGD and pay the duty if you hold the relevant licence or permit.
In Great Britain the relevant licences or permits are:
In Northern Ireland:
If there is no licence or permit
If no one holds a relevant licence or permit for the premises then one of the following must register:
If no one registers, then all those listed above may be responsible for paying MGD.
If no one registers and HMRC are unable to establish who should be registered, then everyone who is entitled to a share in the profits from the machines may have to pay the duty on their share.
If the dutiable machine games are on a stall at a travelling fair then either the stallholder or the person in charge of the fair must register for and pay MGD. If neither of them registers then both may be responsible for paying MGD due.
If you have dutiable machine games you'll need to register for MGD with HMRC. You'll need to do this at least 14 days before any machines are available to be played.
The easiest and quickest way to register for MGD is online using the MGD Online Service. If you do not want to register online you can register by completing a form MGD1 which you will find in the forms section of this website.
There may be times when HMRC will ask for security for payment of duty before they'll accept your application to register. If you're located outside of the UK, HMRC might not accept your registration unless you have a tax representative in the UK.
HMRC can issue a registration notice when they have evidence to suggest there is failure to register for MGD. If you don't agree with this, you can ask HMRC to reconsider their decision. You have the right to appeal within 30 days of the registration notice. If you can't prove to HMRC that you don't need to register, or you don't appeal within the time limit, HMRC can register you from the date of the registration notice.
Information on appealing to HMRC
Two or more corporate bodies (that is companies or partnerships incorporated through Companies House), can ask to be registered as a group. This is usually allowed so long as all the proposed members:
One group member needs to take on the role of group representative. The group representative will be expected to make returns and submit payment on behalf of the group.
All members of the group will be 'jointly and severally liable' for MGD payable to HMRC. This means that HMRC can ask any one member of the group to pay MGD due, although HMRC are only likely to do this if the group representative doesn't pay.
You can register online using HMRC's MGD Online Registration Service.
The online system is:
Information you'll need to hand before you register:
If you don't have a licence or permit, HMRC will need details of all the premises that you want to register for.
Once HMRC has accepted and processed your online application, you'll be placed on the MGD register and receive your MGD registration number. You'll be able to view it online and a copy will be sent to you in the post.
If you prefer not to use an online system, you can download the registration form from the HMRC website and send it to HMRC by post.
Once HMRC has accepted and processed your application you will receive your MGD registration number by post.
Find more information about registering online for MGD
You must tell HMRC if there are changes to what you told us about your business when you registered. For example, you'll need to tell us about any change of address or if you stop providing machine games for play.
You can go to the MGD online service and amend your registration details or write to HMRC.
You can appoint an agent to deal with your MGD affairs. The MGD for agents service enables agents to:
HMRC will not discuss your personal or financial information with an agent if they haven't been authorised.
For more information about agents go to Tax agents and advisers
When your registration application is accepted, HMRC will add your name to the MGD Register. The register is publically available - people wanting information about who is registered for MGD can put in a postcode and find all the registered addresses at that postcode. This means that anyone who has concerns about MGD liability if no one is registered, or is a profit sharer, can check whether someone they are considering entering into a business arrangement with is registered for MGD.
The register is free to view.
Search the Machine Games Duty (MGD) Register
You must tell HMRC if any information supplied on your application for registration changes or is wrong.
For example, you'll need to tell HMRC about any change of address.
If you registered for MGD online you can make the changes through the MGD Online Service. If you registered on paper, you can send the new or correct information in writing to the:
National Registration Unit
HM Revenue & Customs
Portcullis House
21 India Street
You must use your registration number on any correspondence.
You will need to deregister if you:
You can tell HMRC up to three months before you want the deregistration to take effect.
Important note: If you are a seasonal trader you do not need to deregister at the end of each season. However, you still need to submit a return for every period even if the return shows you don't owe anything (a nil return).
If you registered online you can deregister online. You'll need to log into HMRC online services (enter your User ID and password) and you'll be able to access your MGD online account. From your MGD 'At a glance' page you'll need to select 'Change Registration Details'.
If you registered for MGD on paper, you can deregister by writing to the:
National Registration Unit
HM Revenue & Customs
Portcullis House
21 India Street
Your letter should include the following information:
HMRC will remove your name from the MGD Register within 14 days of when they get your request to deregister (or on the date you asked for deregistration to take effect if you asked to deregister from a specific date). HMRC will write to you to confirm your deregistration.
Important note: HMRC will issue a return for any whole or part accounting period immediately before your deregistration if they have not had a return from you for that period. You will need to complete this return and pay anything you owe.
You'll need to keep records for MGD and you'll need to show that the amount of MGD you've paid is the right amount.
Good record keeping is essential. If you don't keep the right records then you could face penalties - and if your records are clear and contain all the right information, HMRC will find that checking them is straightforward.
If you're liable to pay MGD then you're a 'revenue trader'. Revenue traders must keep certain records and these are fully explained in Notice 206.
If you're registered for VAT then your records may contain information that's also needed for MGD purposes. If your records are cross-referenced, there is a clear link between them (an audit trail) and they are easy to follow, then HMRC doesn't expect you to duplicate your records. However, you do need to know that separate record keeping rules apply for VAT and you can find out more in Notice 700 'The VAT Guide', and Notice 706 'Partial Exemption'.
Find out more about revenue traders in Notice 206
Everyone registered for MGD must keep an Excise Duty Account. This must show all the information needed to complete each MGD return, and how the figures on the return have been calculated. HMRC doesn't specify how you keep your records but they must contain all of the information you've used to complete your returns.
You'll need to keep records that show:
You can read more about the records you need to keep in Notice 452
You need to keep all of your MGD records for 4 years. Records and accounts are normally kept at the main place of business, but you can keep your records somewhere else if you need to.
HMRC might ask to see your records at your main place of business or where your business is registered. They have the legal right to check your duty calculations and take copies of any books, accounts, records or other paperwork relating to your business.
If a machine offers a game where you can win both cash and non-cash prizes, then the amount of the cash prize determines whether MGD is due or not. If the cost to play the game is less than the biggest cash prize that could be won then MGD is due.
If a machine offers several games, some of which are dutiable machine games and some of which are not (for example, you can't win a cash prize and might be played for fun), then MGD will be due on the dutiable machine games but not the non-dutiable games. The non dutiable machine games may be subject to VAT.
Machines won't be affected by MGD if the only prizes offered are non-cash prizes (for example crane-grabs offering only non-cash prizes). Redemption machines won't be affected by MGD if the redemption tickets can't be exchanged for cash, and no cash prizes are on offer from the machine alongside redemption tickets. These machines will still be affected by VAT.
MGD is due on the total net takings from the playing of dutiable machine games. Net takings means what is charged to play the games less the amount paid out as winnings.
You can treat as winnings (and deduct from MGD liability) the VAT inclusive cost of non-cash prizes given out for play on machines subject to MGD (that is machines which also offer a cash prize more than the cost to play the game). In this case, you must not deduct the value of non-cash prizes until they are actually given out to the winners.
If you don't know the exact value of non-cash prizes given out for play on machines subject to MGD, perhaps because you have a single stock of non-cash prizes and you use some for dutiable games and some for non-dutiable games, then you can use a reasonable estimate.
If a machine offers both dutiable machine games and other activities (for example 'just for fun' games that don't offer a prize), the net takings from playing of the dutiable machine games will be subject to MGD and the remainder subject to VAT.
Everything that is a 'free play' won't be included in the calculation of net takings. When you're working out your net takings you can still take away winnings from these plays.
You can carry across a negative net duty liability to the next (and future) return periods, but you can't get a refund for it.
In certain circumstances, if you can't give exact figures, you can use an apportionment (that is a reasonable estimate), as long as it's been based on a reasonable method.
HMRC might accept the following reasons for apportionment:
HMRC may wish to check that you have good reason for not being able to provide exact figures and that the apportionment method you are using produces a reasonable and fair result.
Once you're registered for MGD you must send HMRC regular returns and payments.
The standard accounting period will be three calendar months.
Your MGD return should be with HMRC no later than the last working day before 30 days have elapsed after the end of the accounting period. It will need to give details of the net takings from dutiable machine games
In the case of groups, a return to cover all group members should be submitted by the group representative member.
When you register, you will have the opportunity to ask HMRC to use different accounting periods. Non-standard accounting periods must start and end within 16 days of what would have been the standard accounting period and as a result may be of unequal lengths.
If you do not apply for different accounting periods, or we cannot agree to your request, you must use the standard accounting periods. If we refuse to allow you different accounting periods, you can appeal against our decision.
Once you have signed up to use HMRC's MGD Online Service you'll be able to submit any subsequent returns online. If you complete your returns online you'll have access to online help which will make it easier to complete. If you provide your email address HMRC will send an email prompt when your return is due. You can also keep track of your MGD affairs by accessing details of previously submitted returns and payments.
Find out how to submit your Machine Games Duty return online
If you have not signed up to use HMRC's MGD Online Service, you will need to submit a paper return (MGD 6). HMRC will issue a paper return after the end of each accounting period and this must be sent to HMRC no later than the last working day before 30 days have elapsed after the end of the accounting period. You can't download a blank return on the internet.
Find out more about the deadlines for returns and payments below.
Important: If you registered for MGD on paper and would like to complete an online return, but you haven't signed up to use HMRC's MGD Online Service you'll need to sign up and enroll for MGD.
If you are a 'new user' and signing up to use HMRC Online Services for the first time (or if you have an existing Government Gateway account as an 'Individual') you will need to create an HMRC online account.
Find out how to submit your Machine Games Duty return online
Sign up for HMRC's Online Services to submit your return online
More information about duty returns
Accounting for Machine Games Duty - what do to if you weren't registered by 1 February 2013 (PDF 38K)
You'll be able to pay MGD electronically by:
Find out more about how to pay MGD
When you register for MGD using the MGD Online Service you will be invited to select the accounting periods you would prefer. The accounting periods you are given will be shown on the reverse of the registration letter sent to you by HMRC. This letter will be posted to you and you will also be able to view and print a copy from your MGD Online Service page.
Important note: Please provide your email address when you register for MGD so that HMRC can issue an email reminder when your return is due.
If you register on paper, HMRC will tell you by letter, what your MGD
registration number is. The dates of your accounting periods will be
shown on the reverse of the letter. HMRC will send you a paper return
after the end of each accounting period and this must be sent to HMRC
by the last working day before30 days have elapsed after the end of
the accounting period.
Your MGD return and payment are due by the last working day before 30 days have elapsed after the end of each accounting period. So, if the 30th day after the end of your accounting period falls on a weekend or bank holiday, your return and payment must be with HMRC on or before the last working day before then.
For example, the first accounting period for operator 'A' ends on 31 May 2013. He notes that returns and payments are usually due 30 days after the end of each accounting period. As 30 June 2013 is a Sunday, operator 'A' applies the rule that 'if the 30th day after the end of an accounting period is a weekend or bank holiday any payments must be due on the last working day before the 30th day'. Operator 'A' calculates his return and payment are due on 28 June 2013 (a Friday).
|Accounting period ending
|Deadline for MGD return and payment
|31 March 2013
|30 April 2013
|30 April 2013
|30 May 2013
|31 May 2013
|28 June 2013
|30 June 2013
|30 July 2013
|31 July 2013
|30 August 2013
|31 August 2013
|30 September 2013
|30 September 2013
|30 October 2013
|31 October 2013
|29 November 2013
|30 November 2013
|30 December 2013
|31 December 2013
|30 January 2014
|31 January 2014
|28 February 2014
|28 February 2014
|28 March 2014
HMRC recommends that you pay MGD electronically. You'll be able to pay MGD electronically by:
Other ways to make payments are by:
Paying electronically is fast, secure and convenient provided you use the correct MGD reference number. It is your responsibility to ensure that payments are made on time, whichever payment method you use. Remember, you may be charged interest and a penalty if your payment is not received by the deadline.
Find out more about how to pay MGD
You have a legal obligation to submit your MGD return and pay any MGD you owe to HMRC by the due date. If this date has passed and you haven't submitted your return, HMRC will calculate what you owe using the best information available to them. This calculation is called an 'assessment'.
If you haven't submitted your MGD return on time, HMRC may issue a notice of assessment which will include a pay slip and details of how to pay.
You need to take immediate action. You should submit your return and make any payment due straight away, otherwise you must pay the assessment within 30 days of the date on the assessment.
If you think the amount of the assessment is lower than the amount of MGD you owe, you must tell HMRC. You can do this by submitting your MGD return with payment for the higher amount.
If you do not tell HMRC that an assessment is too low within 30 days of the assessment you may be charged a penalty or you may be liable to prosecution.
If you tell HMRC that the assessment is too low but you do not submit a return, HMRC will make a further assessment for the additional MGD due and let you know about any penalty or interest you may have to pay.
If you think the assessment is too high you should submit your overdue return showing the correct amount of MGD you owe, and make any payment that's due. You cannot appeal against an assessment on the basis that it is too high.
If you are not able to pay the MGD you owe, it's very important to contact HMRC as soon as possible to explain your situation. You should still submit any overdue returns.
There are a number of situations where you might receive a penalty:
Penalties for failure to file and pay MGD returns on time
More information about MGD and penalties
Find out about penalties for returns and documents that are wrong (PDF 569K)
What happens if you don't tell HMRC that you need to pay tax 'failure to notify' (PDF 304K)
Machine games that you pay MGD on will be exempt from VAT, and businesses registered for VAT might become either fully exempt or partially exempt. This means you may not be able to claim all or some of the input tax on your purchases.
If you're registered for VAT, you should read the guidance relating to VAT and exemption as your VAT calculations may be affected. The rules for VAT will be amended to show these changes.
MGD and VAT Excise Information Note 03/12
Read about VAT and exempt and partially exempt businesses
If you've questions about MGD, you can contact the Excise and Customs helpline, or email your question to them
Amusement Machine Licence Duty - Machine Games Duty transition
Find out how to submit your Machine Games Duty return online
Find more information about registering online for MGD


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Beef Satay With Peanut Sauce
Photo: Wendell Webber
Ordering take-out Thai food isn't the only way to eat beef satay at home. With precut meat, dry salad-dressing mix, and sesame oil, you get all the flavor without having to wait. The salad-dressing mix eliminates the chopping and mixing required for a complicated marinade; combined with oil, it flavors the beef in minutes. The mix also lends a savory edge to a peanut butter-based dipping sauce. Stick the beef onto some skewers, pop them under the broiler for a couple of minutes, and serve.
Yield: 4 servings
More From Real Simple
Nutritional Information
Amount per serving
- Calcium: 23mg
- Calories: 485
- Calories from fat: 1%
- Carbohydrate: 23g
- Cholesterol: 65mg
- Fat: 29g
- Fiber: 2g
- Iron: 3mg
- Protein: 32mg
- Saturated fat: 7g
- Sodium: 5825mg
- 1/2 cup smooth peanut butter
- 2 teaspoons soy sauce
- 2 teaspoons balsamic vinegar
- 1 tablespoon fresh lemon juice
- 1 .92-ounce package Good Seasons Roasted Garlic salad-dressing mix
- 1 pound presliced sirloin
- 1 tablespoon sesame oil
- Wooden skewers soaked in water
- In a small bowl, stir together the peanut butter, soy sauce, vinegar, lemon juice, 1 tablespoon of the dressing mix, and 3/4 cup water and set aside.
- If the beef strips have not already been flattened, gently pound them flat with a rolling pin. In a bowl, toss together the beef, oil, and remaining salad-dressing mix. Coat each strip of beef well and thread a skewer through it. Broil 2 to 3 minutes per side. Serve the satays hot with the dipping sauce.
- If you made it from scratch: 1 hour
My Notes
Only you will be able to view, print, and edit this note.Add Note
Beef Satay With Peanut Sauce Recipe at a Glance
- COURSE: Appetizers, Hors d'Oeuvres
- CONVENIENCE: Entertaining, Kid-Friendly, Quick/Easy
- CUISINE: Asian, Thai
- MAIN INGREDIENT: Beef
- OCCASION: Weddings, Super Bowl, Birthdays/Anniversaries
- PUBLICATION: Real Simple
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subset: commoncrawl


text:
Fragrance Hotel - Bugis is rated as a 2-star establishment. There are so many rooms here, you'll be spoilt for choice. Landmarks in Singapore include: Fountain of Wealth. Attractions close to this hotel include Fort Canning Park and Singapore Flyer. Museum choices close by include National Museum of Singapore and Asian Civilisations Museum. Raffles City draws many visitors to Singapore for special events in the area.
Fragrance Hotel - Bugis demonstrates a commitment to your comfort and convenience with services including a dry cleaning/laundry service and much more besides. A minimarket is one of the shops. There are 84 rooms in total. Free parking at limited hours is another option you can make use of when you come here by car.
There is air conditioning in Fragrance Hotel - Bugis. A housekeeping service is just one of the additions to the number of services offered. Wireless high-speed Internet access (complimentary) can be utilised from the comfort of your room. One of the standard facilities in the bathrooms is a complimentary toiletries set. A coffee/tea maker is supplied in the rooms in this hotel.
Show reviews
|From 15:00 Check-out: Until 12:00
|Wi-Fi Internet at additional cost in general areas only (lobby/reception etc.)
|Free Parking (limited), Free Parking (Self-service), Parking Nearby
|Pet policy:
|Pets are not allowed.
|General facilities:
|Note: It is the responsibility of the hotel chain and/or the individual property to ensure the accuracy of the photos displayed. We are not responsible for any inaccuracies in the photos.
Please provide this reference number to our customer service center representative on request, so we can help you better


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(via Bedazzle Project)
(via AJ-February Sessions)
Ellie Love is back!! Have you checked out her tumblr blog and website yet??? Be sure to follow her hot sexiness!!
(via Blog)
Did you miss me? Life has a way of getting in your way sometimes… and for a busy Swinger like me, managing a full time job, kid, husband… etc… sometimes being a hot and sexy model for my fans is far from my mind. I have to be honest… I had kind of put off shooting hoping that Southern Charms would get back to me… but apparently I either don't measure up… or they just never did get to my e-mail… either way I'm regrouping and getting ready to get back to doing things my own way… their loss… and your gain…
I debated on whether I should share some more photos with you? or share a story… and in the end.. since I had a photoset ready to go, I decided to share photos… I will continue my lifestyle story soon. In fact… I would really love to hear from my fans… I want to know whether you prefer my sexy stories, and hearing of my sexy adventures? or do you prefer the photos? Would you like to see sexier photos? More Wetlook… giggle.. I know the obvious answer to that one for some of you…. ha ha.. but I really want to know if you find my stories interesting or distracting from what you're really here for?
Life has had me hoppin busy the last few months.. and in the blink of an eye.. its December already!!!
I've been focusing on my client work.. keeping the lights on has been the highest priority the last few months.. and that endeavor continues… I am committed though to shooting a minimum of one "creative" session per month in 2014… its my New Years Resolution….and to post the resulting creative images here for my Tumblr fans…. I may be forgotten… but I'm still here…. hope to see more of you in 2014!!!
(via Kayla - Ophelia)
(via Bringing back the 70's…)
(via EllieLove - Bad Cop)
From a recent shoot with EllieLove you can find her tumblr blog at this link
(via CandyLane - Retro Pinup)


text:
Galaxy on Fire 2 Walkthroughs for iPhone/iPad
Galaxy on Fire 2 walkthroughs. Please remember to bookmark this page and come back for Galaxy on Fire 2 guides and walkthroughs which will be located here as soon as we get any Galaxy on Fire 2 walkthroughs.
Check our pages for: Hints and Tips for more help for Galaxy on Fire 2
Try our iPhone/iPad Index for more cheat codes for other iP games.
Popular iPhone/iPad Games
The Sims FreePlay
The Simpsons: Tapped Out
Clash of Clans
Minecraft: Pocket Edition
Hay Day
Subway Surfers
Gangstar Rio: City of Saints
Hungry Shark Evolution
Tap Campus Life
Grand Theft Auto 3
Bakery Story
Grand Theft Auto: Vice City
Tap Paradise Cove
Dream League Soccer
Fashion Story
The Sims 3 Ambitions
Battleship Craft
Castle Story
CSR Racing
Modern War
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The Tribez
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Jetpack Joyride
Also on: Android, Mac, check out those pages for more help with this game.
How to make money fast | Oct 27th
Hey. What are the best items in the game. I mean the best: Shi.. | Dec 20th
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text:
Connecticut's new law will protect you from getting axed from your job simply for being a medical marijuana patient, but you'd better not show up to work stoned.
"It's really just common sense," says Erik Williams, head of the Connecticut arm of the National
Organization for Reform of Marijuana Laws (NORML). Like any employee who's using drugs for a medical condition, he says, a medical marijuana patient is "still going to have to function in the workplace."
Michael Lawlor, Gov. Dannel Malloy's; chief criminal justice advisor, agrees: "Just because you have a right to use drugs doesn't mean you have a right to show up to work under the influence of drugs."
Our diligent state lawmakers approved legislation (which Malloy intends to sign) that has specific protections from prosecution for legitimate medical marijuana users and their caregivers.
It also prevents schools, landlords or employers from firing, disciplining or evicting someone "if the actions are solely based on the person's status as a palliative marijuana patient or caregiver," according to an analysis by legislative experts.
Lawlor says that means an employer in Connecticut, even one with a "zero drug tolerance" policy, can't refuse to hire or fire someone if a drug test turns up traces of pot – as long as that person has a doctor's recommendation that allows the medical use of marijuana.
The Connecticut legislation does have a list of places and things that are no-nos for medical marijuana users. You can't "ingest" pot in any form while at work or in school, or in public places, moving vehicles, or in front of kids.
Medical pot use by employees has become a nasty legal issue in states like California, Oregon and Washington. Court rulings in those states have allowed employers to fire their workers just for being medical pot patients, says Kris Hermes, spokesman for Americans for Safe Access.
Hermes' group is a leading advocacy and research organization in the medical marijuana field.
According to Hermes, the issue of workplace protections for people using pot for treatment of medical problems is only really a problem in states where the original laws don't spell out exactly what employers can and can't do in this area.
He says people getting fired from their jobs for using medical pot hasn't been a big deal in states with newer laws (like Maine, Rhode Island and now Connecticut) that do offer protections for legitimate users of cannabis for medical conditions.
"As far as I'm aware, there's no case in those states where that issue has been raised," Hermes says.
JoAnne Leppanen, executive director of the Rhode Island Patient Advocacy Coalition (RIPAC), says the question of medical marijuana in the workplace has been "really a non-issue."
She estimates that probably half of the approximately 4,500 medical pot patients in Rhode Island "are disabled and not working... So it really hasn't come up that much."
As long as an employee is doing his or her job properly, what kind of medication that worker is taking shouldn't be of any concern to an employer," Leppanen says. "If employers here do know [about a working being on medical pot], they're generally supportive," she adds.
Mark Soycher, a human resource attorney with the Connecticut Business and Industry
Association, says he is getting calls from companies wondering how this new law will mesh with their drug testing policies.
"I think there's a path to work through this," says Soycher. But he adds that, "There could be some conflicts."
One potential problem area is for workers involved in federal agencies. Legislative analysts noted that the language in the new law might allow someone to be fired or disciplined by a company or employer if "the actions are required by federal law or to obtain federal funding."
The feds, of course, still officially consider any form or use of marijuana to be illegal.
Theoretically, that means they could fire any federal employee for using pot even if he or she had a Connecticut medical recommendation allowing its use.


text:
E v e n t - M a s t e r s
V i s i t - U s !
What's - hot
Facebook Fanpage
It is difficult not to believe that the next year will be better than the old one! And this illusion is not wrong. Future is always good, no matter what happens. It will always give us what we need and what we want in secret. It will always bless us with right gifts. Thus in a deeper sense our belief in the New Year cannot deceive us.
Happy chinese New Year Audistas! kung hei fat choi!
AudiPH Event Official Fanpage : www.audiphevent.com
EventMasters Official Fanpage : http://www.facebook.com/EventMastersTeam


text:
Queen + Adam Lambert Announce 2014 North American Tour
As we hinted last week, Queen and Adam Lambert will tour North America this summer. The complete list of dates can be found below.
As we hinted last week, Queen and Adam Lambert will tour North America this summer. The complete list of dates can be found below.
John Mellencamp, Gary Allan and Florida Georgia Line concert ticket winners are:
Are you looking for a night on the town feature some live entertainment?
That little ol' trio out of Texas, ZZ Top, plays at the Paramount Theatre in Denver on Saturday. Here's a peek at some of the other bands scheduled to perform around the Cheyenne area this week.
As part of their final year of touring, the Allman Brothers Band will headline the 10th annual Mountain Jam Festival, which will take place June 5-8 at Hunter Mountain, N.Y.
What's your favorite movie song?
On the 'KING FM Sunday Brunch' from 7 to 10 a.m., we'll be playing a bunch of music from films to get you ready for the 86th Annual Academy Awards. We also have tunes to celebrate rock birthdays, new releases, concerts, the month of March, Mardi Gras and plenty more surprises. Take a peek at the menu.
Tickets for John Mellencamp and other shows, go on sale today. Mellencamp kicks off the Frontier Nights with his July 18th concert during Cheyenne Frontier Days.
Win your tickets this morning while listening to The Steve Cooper Radio Broadcast, 5 - 10am, on 101-9 KING-fm.
Do you need some live music to help ease you into March? Here's a look at some of the entertainment choices in the area this week.
The Steep Canyon Rangers play at the Boulder Theater on Friday, February 28, and at The Gryphon Theatre in Laramie on Saturday, March 1. The bluegrass band from North Carolina picked up a Grammy Award last year for their album with Steve Martin, 'Nobody Knows You.'
After a period dominated by squabbles over the Rock and Roll Hall of Fame, it's time for Kiss to unplug -- literally. They'll play a rare acoustic show a week before their controversial induction ceremonies, offering stripped-down Kiss favorites and telling stories sans makeup.
Fresh off a celebrated sideman stint on the star-packed CBS special 'The Beatles: The Night That Changed America,' Peter Frampton will hit the road for a series of summer dates with some other big names.
Are you hungry for some 'racy' rock and roll?
Tune in for the 'KING FM Sunday Brunch' between 7 and 10 a.m. as we get ready for the Daytona 500, celebrate rock birthdays and tell you about new releases, music news and concerts. It's also time for our monthly 'Album Side Sunday' featuring KISS.
Are you a fan of bluegrass music?
If so, you'll want to be in Denver this weekend for the Mid-Winter Bluegrass Festival at the Ramada Plaza, I-25 and 120th, running Friday, February 21, through Sunday, February 23.
Looking for some live entertainment before February is over?
There's lots of shows to catch around the Cheyenne area, including the New York a cappella group The Manhattan Transfer, performing Friday, February 21, at the Buchanan Center for the Performing Arts in Laramie.


text: In week two competitions The Northern Light Regional and The Lake Superior Regional were both held in Duluth, Minnesota at the DECC. On Saturday after the award ceremony it was arranged that the winning alliance of each regional would play one match to determine who was truly the superior alliance. So 2052, 2062, and 4011, the winners of Lake Superior, went up against 2169, 525, and 3061, the winners of Northern Lights. After duct taping a 83 inch blocker on 4011s robot, we were ready for the match against 2169s full court shooter. It was a close match. It ended 116 to 113, Lake Superiors alliance taking the win. It was a very fun match to play! You can watch the match here :) —-> https://www.youtube.com/watch?v=efIed7UWGuw


text:
If I were allowed to share only three words to describe what Bert Decker is all about, there they are.
I had the privilege of spending a few hours catching up with Bert in his hometown of San Francisco. Bert's been busy. He's just agreed to be one of the judges of the World's Best Presentation contest with Guy Kawasaki, Garr Reynolds and Jerry Weisman. He's coaching quite a few execs and organizations on how to create communications experience. What we do for marketing and websites, Bert and crew do for presentations. The best news is he told me he's doing one of his Communicate to Influence seminars in New York City on April 23-24th, and has just 4 seats left. (Sorry I didn't share with you earlier. One of those seats will be going to one of my staff; we've sent others in the past.) Don't miss it if you are going to be in NYC on those days!
Discover how you can better present, persuade and deliver powerful communications.


text:
Friday, March 30, 2012
© Copyright 2014 Gwinnett Daily Post
ESTERO, Fla. -- The Gwinnett Gladiators (41-19-7-4) dropped a 5-3 decision to the Florida Everblades (38-26-2-5) on Friday night at the Germain Arena. Gwinnett couldn't overcome a 2-0 first period deficit in the loss. With the Gladiators loss coupled with a win by the Elmira Jackals, the Gladiators slipped into second place in the ECHL's Eastern Conference.
Florida took a 2-0 lead on the Gladiators through the first 20 minutes with a pair of goals eight minutes apart in the period.
Gwinnett answered in the second period with a pair of power play goals to tie the game at two. Pat Galivan collected his 25th goal of the season as he finished a give-and-go out of the corner with Joey Haddad to get Gwinnett on the board. Sean Duddy added the assist on the power play goal at 11:30 of the second period.
Duddy then posted his first professional goal a little over two minutes later.
Florida regained the lead with 4:18 left in the second period and then extended the lead to two goals midway thorough the third period
The Gladiators were shorthanded with 7:43 left in the third period when Joey Haddad went end-to-end for their final goal of the game.
More like this story
- Barlow lifts Jackals past Gladiators in OT ( November 9, 2011 )
- Gladiators' late rally falls short in Florida ( February 19, 2013 )
- Gladiators drop second straight to Everblades ( February 17, 2013 )
- Gladiators dropped by Everblades 6-3 ( April 2, 2009 )
- Gladiators shut down by Blades 3-0 ( February 8, 2014 )


text:
Discover Author
Steve Schaubert is a partner in Bain & Company's Boston, Massachusetts, office. He joined the firm in 1979 and became a partner the following year. Currently Bain's chief investment officer, he has worked with clients in numerous industries including steel, textiles, automotive, health care, consumer products, distribution businesses, and financial services. Prior to joining Bain, he held several senior general management positions in the health care industry. A summa cum laude graduate of Yale, Schaubert earned his MBA from Harvard Business School with high distinction, and an MS in engineering management from Northeastern University. He lives in Boston.
Copyright © 2014 HarperCollins Publishers. All rights reserved.
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text:
A Hudson man who was injured in a workplace accident Tuesday at McCoy's Building Supply died Friday.
Lufkin fire spokesman Steve McCool confirmed Drake Floyd, 19, died from injuries sustained when he got crushed between a truck and a forklift.
He was taken to a Lufkin hospital Tuesday afternoon and then flown to a Houston hospital Tuesday night.
According to Lufkin police, Floyd was unloading sheetrock at the time of the accident.
Floyd was the son of Steve Floyd, the public works director for the City of Lufkin. He released a statement through Deputy City Manager Keith Wright.
"He wanted everyone to know he greatly appreciated all their prayers and support for Drake," Wright said. "He asked for continued prayers for the family. He also wanted to let everyone know he did die peacefully."
Wright said Floyd was an organ donor.
"He was donating his organs and he hopes that other people will be saved from having to go through this," Wright said.
Wright said Floyd died around 11 a.m.
A spokesman for McCoy's corporate office was not immediately available for comment Tuesday.
Friday the faculty at Hudson High School
remembered Floyd, he graduated from the high school in 2012.
"He always had a
smile on his face, he was always friendly and happy and treated people the right
way, he just loved everybody," said Wade Fitzgerald, Assistant Baseball
Hudson Assistant
Superintendent Donny Webb describes Floyd as and bright student and outstanding
athlete, but says what set him apart was his character.
"Drake was one of the
students when he saw you he always had a smile on his face, he always came up
to you and shook your hand," said Webb.
School officials say whether he was on the
field or in the classroom Floyd was able to make an impact on all who knew him.
"Anytime you're
around a student like that he has an impact on you and it's not just students
he had an impact on, a person like that, with his qualities impacts everybody,"
said Webb.
Assistant baseball coach
Wade Fitzgerald says Floyd came to the school his senior year and says he was
respected by his teammates and coaches for his competiveness and integrity.
"Drake was a great
baseball player but what we will remember Drake as is a great human being,"
said Fitzgerald.
Copyright 2013 KTRE. All rights reserved.
358 TV Road,
Pollok TX 75969
FCC Public File
EEO Report
Closed Captioning


text:
March 1, 2011
Nevada's Online State News Journal
Nevada History:
A MAN who thinks he knows what happened to me in Wall Street, and why it happened, suggests that the New York section of " My Adventures With Your Money" be prefaced with the following:
This is the story of an energetic, self-confident, aggressive, optimistic, enthusiastic, nervy, fearless, imprudent, uncompromising, presumptuous fool.
Maybe he was worthy of a following in that he would cast his own fortunes with those whom he asked to follow him, but withal he was a dangerous leader because he could not see the rents in his own armor and lacked caution, prudence and discretion. He could see a goal ahead and would lead the rush, but always failed to take into his reckoning one circumstance in his youth that left a blot on his escutcheon and placed in the hands of unfair opponents an envenomed weapon ready for use. He failed to see the necessity of making friends of his competitors and of placating his critics as he progressed. Indeed, he reckoned these elements not at all. He made many enemies and few allies. He never compromised. Naturally, he met with disastrous defeat for himself and the loyal ones who placed their faith in him.
I disagree. I was not a fool. I refused to be a knave, and I am not sorry. I have in mind a man of parts who as a stockholder has been doing the dirty work of unscrupulous multimillionaire Wall Street mining promoters for years. Dishonest in his expressed opinions and a sycophant in his every action, the interest of the Wall
Street man of power is always his as against that of the unprotected investor. I look upon this man as a vile person. I could not do as he does if my very existence depended upon such conduct. I would rather be out of business and broke for the rest of my life than be he. For me to serve the base purposes of high-class crooks just because they have money and power, would be for me to barter away my soul and lose my peace of mind. I would not sell either for all the money in the world.
Honesty is the best policy. The type of man I have described can not thrive for long. He must evidently suffer total eclipse. The business of this world is founded and builded upon individual integrity. The business man who allows himself to be used to carry out the base purposes of men in high places forfeits the respect of those whom he serves, is forever afterwards mistrusted by them, and loses caste in the very set he tries to gain favor with.
I charge that powerful, dishonest interests on Wall Street found it necessary for selfish reasons that I be put out of business. I declare that they bided their time until newspaper clamor against so-called Get-Rich-Quick promoters had been fostered, aroused and stimulated to a point where citizens became imbued with the idea that all promoters who use the advertising columns of newspapers are crooks. And I aver that when the Government used upon me and my associates its rare power of seizure, search and confiscation, it was with no evidence that any Government statute had been violated. In this and the concluding chapter of " My Adventures with Your Money " I state the facts which I believe prove these statements to the last syllable.
ASK the casual newspaper reader to define offhand the compound adjective Get-Rich-Quick and he will tell you it is applied solely to professional promoters who employ flamboyant advertising methods, promise great speculative profits, use other devices which are calculated to separate the public from its money, and are in every instance dishonest. That is the idea which powerful " interests " have inculcated in the public mind by subtle, insistent press-agenting.
Time and again during the progress of " My Adventures with Your Money " I have endeavored to show that the really dangerous Get-Rich-Quick forces are the men in high places who, by the artful and insidious use of the news columns of " friendly " publications and others which copy from them, divorce the public from millions upon millions.
I said in my foreword the following:
The more dangerous malefactors are the men in high places who take a good property, overcapitalize it, appraise its value at many times what it is worth, use artful methods to beguile the thinking public into believing the stock is worth par or more, and foist it on investors at a figure which robs them of great sums of money. There are more than a million victims of this practice in the United States.
No man has right to assume that a promoter who sells stock by means of display advertising in the newspapers is per se a Get-Rich-Quick operator. There are honest professional promoters of the display advertising variety and there are dishonest ones, just as there are honest promoters of the multimillionaire kind and dishonest ones.
The on-the-level, trumpet-tongued mining promoter, who believes in newspaper advertising and successfully finances companies by appealing uproariously to the speculative investing public, performs an actual service and is entitled to a place among honorable men. Indeed, he is the hero of the prospector and " poor " mine owner of the West. He alone stands between these men and grasping monopoly.
Mine men, stockholders, and financiers the country over understand this, although the Eastern newspaper-reading public has been taught to believe that this type of promoter must be a Get-Rich-Quick operator.
A broker in Wall Street who speculates in the securities of the New York Stock Exchange for his own account is considered unsafe. E. H. Gary, Chairman of the Executive Board of the Steel Trust, stated under oath at Washington in June that J. P. Morgan never speculates. Ask the average member of the New York Stock Exchange what chances the stock-gambler has. If he is frank, he will shrug his shoulders and reply something like this :
" If the game could be beaten, do you think I would be a broker? Wouldn't I be a player?"
The aggregate market value of seats on the New York Stock Exchange is nearly $100,000,000. It costs more than a hundred million dollars more every year to gather and transact through offices and branch offices the speculative business which forms the bulk of the transactions of the members. The " kitty," or " rake-off," is enormous. Who pays it? You hear of the stockbroker going to Europe in his yacht every Summer. How many of his trading customers travel that way?
Who pays the freight? Can a game be beaten where so many multimillionaires are created among those who
are on the " inside " and where so large a percentage of the speculator's money must come out every year to pay the enormous cost of maintaining a vast system of stockbrokerage offices, stock exchanges, telegraph and telephone wires, newspapers, publicity bureaus, yachts, Fifth Avenue palaces, huge contributions to national and State political campaigns, etc.?
You hear a hue and a cry against bucketshops. There is no Federal embargo against bucketshopping. Yet somehow or other the machinery of the Government's Department of Justice is used to crush out this sort of gambling institution. Now, what is the difference in principle between gambling on margin on fluctuations of stocks in a bucketshop and doing the same through a New York Stock Exchange house?
This is the unimportant difference:
The bucketshop-keeper takes the other end of the play, pays you out of his pocket when the market goes your way and keeps your money when it goes against you. He never delivers any stocks.
The New York Stock Exchange member is expected to buy your stocks for you and carry them — some of them do and most of them don't, as is shown farther on — but in this case also no stocks are delivered to you.
The transaction is the same in principle as the one in the bucketshop, so far as the gambling feature is concerned. The only real difference is that when you gamble on market fluctuations through the bucketshops no contribution is made to the New York Stock Exchange " kitty."
THE New York Stock Exchange member will tell you that the evil of bucketshopping is that the bucket-shopper is tempted when the public is long on stocks to depress the market by heavy short sales. On the other hand, the bucketshopper urges upon you that his business is gambling against fluctuations which he has no hand in making and that the financial powers of Wall Street resort to the same trick that he is occasionally accused of. The " interests " know at every hour in the day approximately how many shares of stocks have been borrowed for delivery against " short " sales or are being carried on margin for the long account. They know what the public's short interest or long interest is, and they, too, have it in their power to shake out the public at any moment they choose. Worse, it is common knowledge that this practice is continually resorted to. Stocks are put up and held up on bad news and marked down and held down on good news or no news at all. News is withheld and is manufactured to suit occasions. For years the market has been thimble-rigged to a frazzle. Margin-trading " suckers " have been milked to a finish. George E. Crater, Jr., writes:
Margin trading on the New York Stock Exchange is the most dangerous and destructive form of gambling known, because, being " legal " and therefore " respectable," it allures hundreds of thousands of people who would never think of risking their money at " faro," " rouge-et-noir," " roulette," or any of the other games of chance. Statistics show that more people are ruined physically, morally and financially by stock gambling than by all the other forms of ordinary gambling combined. Monte Carlo is a Christian philanthropy compared with " Wall Street." You have quite as good, if
not a better chance to win a fortune at Monte Carlo than you have by putting up " margins " against Stock Exchange bulling and bearing, and if you ruin yourself at Monte Carlo the proprietor will at least refund enough of your money to pay your way home. The man who " goes broke " on " margins " finds no relief at his service on the Stock Exchange or among the brokers. There would not be so many millionaires in this country if there were not so many fools ready to throw their money away on margins.
A howl of condemnation is raised against horse-racing. Newspapers, periodicals, politicians, enthusiasts, crusaders, and charlatans in every walk of life, are encouraged to make a big noise. Horse-racing, like bucketshopping, is an avenue for speculation gambling — and it keeps much money out of Wall Street. Fakirs, who are the tools of Wall Street, collect from Wall Street for their services and at the same time make moral or political capital of their zealousness in crusading against such Wall Street gambling competition.
The small fry mining promoter, who is not a member of the Stock Exchange, pays no toll to the big game, is beyond the discipline and control of the governing body of the New York Stock Exchange and is not a part of the machinery, sets up a competitive business which caters to the gambling instinct in the way of fluctuating mining stocks. The speculating public gets action, likes it, and invests money that might have been used in margin-trading on the New York Stock Exchange or for " investment " in the constantly fluctuating low-priced industrials or higher-priced mining stocks that are sponsored by big interests with New York Stock Exchange affiliations.
Promptly the machinery of Wall Street is used to crush him. Column upon column is printed in the magazines and newspapers about Get-Rich-Quicks. A conviction
for crime is obtained of a real Get-Rich-Quick offender — a little fellow who is guilty, but no more so than his " licensed " brother higher up, who is doing infinitely greater damage. The one that a coterie of high-class Wall Street thimbleriggers are really " after," because he thwarted them in their swindling operations by exposing them in his newspaper, but against whom they can not make a case, has a skeleton in his closet. They bring it forth, dangle it in the air, make the public think he, too, must be a scoundrel, and he is raided by a Government agent during the uproar ; and they " get away " with it. The " righteous " crusade against " Get-Rich-Quicks " is press-agented to the limit. The public " falls " for the " dope." At last the Government has acted to protect investors!
Wouldn't it wilt you?
Were P. T. Barnum to be reincarnated and his humbugging mind by some miracle expanded a million times, it would still be impossible for him to conceive such a gigantic faking of the American public as it has been put to in the last few years.
And the public isn't " on." Shrewd schemers on Wall Street keep pulling the wool over the eyes of the " sucker-public," and not only see no reason why they should discontinue the practice but find it very lucrative to continue doing it.
AS a rule, it takes much money to make a paying mine out of a promising prospect. Later on in the mine's progress, through the constructive period, other very large sums are generally required to pay for the blocking out of an ore reserve and to supply milling facilities for the reduction of the ores.
The peripatetic mining prospector of our Western mining empire— the dauntless finder of mines who laughs at hardship and ridicules the thought of danger, who makes companions of Gila monsters and the desert rattler, whose only relief from the everlasting silence of the untrodden reaches of arid wastes is the sex-call of the coyote — has the choice of just two markets for the sale of his " find." He may either accept a comparatively small sum from the agent of a powerful mining syndicate for his prospect or he may receive a fair speculative price from the professional promoter.
The great mine financiers of this country rarely compete with one another for the purchase of any mining property. This is particularly true if one of the others happens to be operating in the district where the small mine owner's property lies.
As a rule, the original owner, whose entire fortune is perhaps tied up in the property, then finds himself in the position where he must either accept the first offer, however small, which is made to him by one of these dominant interests, or find that market closed to him.
His alternative, as mentioned, is a sale to the independent mine promoter of comparatively small means, who incorporates a company to own and develop the property and finances the operation from start to finish by selling stock in the enterprise to the general public.
The method of this class of professional promoter —the hope of the small mine owner — in marketing stock, usually involves the liberal use of the advertising columns of newspapers. He lacks " pull " or power sufficient to get his stock and mine talked of favorably in financial literature of the day to a degree that will excite public interest, and so he must construct his own publicity forces.
Advertising costs money and the public foots the toll.
But if the promoter is honest, this item of cost is not in itself an argument in favor of stock offerings of the multimillionaire mine capitalist who does not patronize the display advertising columns of the newspapers. Nor does it establish a case against the wares of the promoter who does. The promotion expenses incurred by the advertising promoter do not nearly approach in their totality the difference between cost price and the price at which the magnate promoter usually invites the public to participate in similar enterprises.
For example: A few years ago a certain man bought a certain mine for $1,000,000 on time payments. He has been making a market for the stock of that mine on the New York Curb at an average of above $8 per share, or more than $8,000,000 for the property. His firm, members of the New York Stock Exchange, have been advising people in their widely circulated market literature to buy the stock at this figure. And yet the property is without a reduction works, will need $2,500,000 to $8,- 000,000 in excess of money now in the company's treasury to erect one, which money must yet be raised somewhere and somehow, and the producing era of the company can not possibly begin for two years yet at the very earliest. I could cite many such instances.
When Nat. C. Goodwin & Company of Reno purchased the control of Rawhide Coalition, during the exciting Rawhide camp boom early in 1908, the valuation agreed upon for the property was $700,000. This was considerably more than the original owners could obtain for it at that time from any big interest. It, too, needed milling facilities.
As a matter of fact, but for the success of mine promoters of the Nat. C. Goodwin & Company and B. H.
Scheftels & Company class, the great Comstock lode, which produced over $600,000,000 in gold and silver bullion, would have likely remained undeveloped. The big public demand in the early 70's for Comstock mining shares of all descriptions was created by a series of flamboyant flotations and aggressive stock-market campaigns. If the Con. Virginia mine had not opened up into a bonanza ore-body at a depth of 1,400 feet, the frenzy of speculation in Comstock shares might have gone down in history as another South Sea bubble.
The " brass-band " promoter, be it understood, is therefore not without honor in the Far West. Deprive the mine prospector of the services of this style of enterprise projector, with his operating machinery, namely, facilities for appealing to the speculating-investing public, and you hit the small Western mine man a solar-plexus blow. Conversely, every obstacle placed in the way of the mine promoter of loud methods and moderate means is an added cause for rejoicing on the part of the Wall Street multimillionaire mine capitalist.
When B. H. Scheftels & Company, with whom I was identified, were raided by the United States Government in September, 1910, a wail went up from the Western mine operator to his Representative in Congress. The best sentiment of the Far West, as I was able to gather it, favored the idea that the last hope of the small Western mine owner had been shattered. During the short period of B. H. Scheftels & Company's activity in New York it raised directly nearly $2,000,000 for Western mining properties and indirectly influenced in that direction at least $10,000,000 more.
The raid was a body-blow to the small Western mine owner who needs capital to develop his properties and has no affiliations with capitalists. Since the raid I do not
know of a mine owner of any of the great Far Western States who has successfully financed a mining proposition in the East except by delivering his property in its entirety into the hands of some big interest, which has taken it over for a sum insignificant by comparison with what the public may ultimately be expected to pay for it when the stock is finally marketed on the curbs and exchanges.
AFTER I had conducted the big camp publicity campaign of Rawhide, which I had done with a view to centering the attention of the American investing public on the speculative possibilities of the stock of the Rawhide Coalition Mines Company, and in that way endeavored to finance the proposition — after I had failed by this method, in the teeth of the bankers' panic of 1907-8, to dispose of enough stock to finance the company for deep mine development, mill equipment and the payment to the original owners of the price for the control agreed upon, I came to New York, late in October, 1908, bent on trying to succeed in the encompassment of my original purpose both by direct appeal to the public through display advertisements in the newspapers and by making a deal for part of the enterprise with the " big " fellows.
I found Rawhide Coalition stock listed on the Curb, and the market quiescent. Public interest in the East had been aroused to some degree, but the market was not absorbing stock. An effort to induce leading stock brokers to mention the issue favorably in their market letters failed. Those who were willing to give the stock some publicity exacted either a " call " on stock at a low price or an out-and-out reduction below the market quotation for such stock as they disposed of.
Such concessions were not to be thought of. It was the intention of Nat. C. Goodwin & Company to support a rising market for Rawhide Coalition. My Goldfield experience with mining-stock brokers convinced me that few might be expected to protect the shareholders' interest in such an enterprise. Commission mining-stock brokers of that period, who put their customers into a stock at, say, 30, were tempted to advise profit-taking when the price advanced to, say, 50, because by the operation they made another commission and often earned an additional, or third, commission by getting their customers out of the stock at a profit and into another one, levying a commission on each transaction.
Nat. C. Goodwin & Company decided to " try it on " direct with mining-stock speculators by appealing to them through the advertising columns of the newspapers, asking them to purchase the stock on the New York Curb through their own brokers. Also, Hayden, Stone & Company, the Boston and New York banking firm, were induced to agree to raise $1,000,000 for the company for railroad and mill purposes, if their engineer would report favorably.
Provided with money with which to buy advertising space and furnished with stock certificates to supply the market, Nat. C. Goodwin & Company inaugurated an active campaign on the New York Curb.
What happened will be found instructive to the reader in several particulars ; among them these:
(1) The free-lance mining promoter does not always " get the money " when he succeeds in creating a buoyant market for his stock.
(2) Some stock brokers of seemingly high standing would just as soon " skin " a mining promoter of this
order as they would an ordinary speculator. They play no favorites.
(3) Be a mine promoter ever so honest, without New York Stock Exchange affiliations his motives are bound to be misconstrued if he makes an error. The " big " fellows will sick on to him the newspapers or newspaper men whom they control or influence. Dust will be thrown into the eyes of the public so they'll buy the big fellow's wares, principally for sale on the New York Stock Exchange, and may forever be prejudiced against the little fellow's.
The campaign in Rawhide Coalition made good progress. It was early in November, 1908. For six weeks I had been supporting the market for the stock on the New York Curb for Nat. C. Goodwin & Company of Reno. My office was an apartment in a Fifth Avenue hotel ; our brokers were members of the New York Stock Exchange. For a month we had used, every day, display advertisements in the financial columns of New York City daily newspapers, signed by Nat. C. Goodwin, to boom the stock. About 600,000 shares of the stock were in the hands of the public. The market, which was on the New York Curb, was " real." Speculative buying had carried the price from 40 cents up to $1 a share. Mine reports were rosy. Wide distribution of the stock was taking place.
The public evinced deep interest. The Nat. C. Goodwin advertisements set forth that $2 ought to look reasonable for the stock by Christmas day. There were reasons. Several very promising mines had been opened up. An engineer of high rank was examining the property. If his report should be favorable, a deal was practically
assured that would involve the expenditure of $1,000,000 for deep mine development, a railroad, and adequate milling facilities. This, in turn, would mean early dividends for stockholders. Experienced, conservative mining men had expressed the opinion that the property bore the unmistakable earmarks of a big producer.
The stock became the feature of the Curb market. It easily occupied the center of the stage. Not less than 20 brokers could be counted in the crowd executing orders at almost any hour during the daily session. The fact that a New York Stock Exchange house was executing the supporting orders from the " inside " impressed the " talent." Public buying through other New York Stock Exchange houses further convinced Curb veterans that the stock was " the goods." Up went the price under the impulse of public buying. Curb brokers themselves caught the infection. By December 7th the price soared to $1.40 per share. This was an advance of 500 per cent. over the " low " for the stock of half a year prior.
AT the close of the day's business on December 7th, our brokers, a single firm, members of the New York Stock Exchange, reported the purchase of 17,100 shares in the open market at an average price of about $1.39, and the sale of 1,800 shares at a little above this average. For the first time in the campaign there appeared to be selling pressure. We had quit " long " 15,300 shares. The sum of $21,000 in cash was required to pay for the " long " stock.
On December 8th, the day following, the same firm of brokers reported that they had purchased 17,800 shares at an average price of $1.374, and the sale of 12,800
shares at an average price of $1.40 — " long " on the day 5,000 shares. On December 9th our purchases through this firm aggregated 16,800 shares at an average price of $1.40, while our sales totalled only 6,400 shares at a slight advance.
Nat. C. Goodwin & Company were now " long " on the three days' transactions 30,700 shares and had been called upon to throw $43,000 behind the market to hold it. This was a comparatively small load to carry and did not alarm us. We considered the stock worth the money. We were curious, however, to learn the reason for the selling.
Nat. C. Goodwin & Company had placed most of the outstanding stock direct from Reno with the investing public at from 25 cents to $1 per share, and early buyers were reaping a harvest. But this did not appear to be the explanation for all of the selling. Interest in the stock was now widespread. There was free public buying and for every actual profit-taker there appeared to be a new purchaser. Apparently, somebody was selling the stock " short."
Late that night a member of our brokerage firm which had been executing our supporting orders, called on me at my apartment. I inquired of him what protective orders he thought the stock would need the next morning to guard against professional attack. He replied:
" I think if you will give us a buying order for 5,000 shares at $1.35 there will be no difficulty."
My understanding was that he wanted to handle the market for me the next morning and that he would, of course, give me quick notice if further supporting orders were needed.
The order was given. It was a very ordinary precau-
tion, for there is hardly a stock on the list that would not be raided by professionals if supporting orders were not known to be in the market. As Saturday is only a short two hours' session, I really fell in with the idea.
Retiring late that night, I left a call for 11 A. m. Next morning at about 10:45 I was awakened by my valet. He said Nat. C. Goodwin wanted me on the long distance. Mr. Goodwin was in Cincinnati, where he was playing a week's engagement.
" Hello," said Mr. Goodwin. " Did they get you? Shall I wire the Knickerbocker Trust Company to pay you $25,000 to support the market? Reported here they have you in a hole."
" What's up? " I inquired.
" Why, brokers here say the stock broke to 60 cents on the Curb soon after the opening," he said. This was news to me.
" I do not need more money," I answered. " I have been asleep. Our brokers have been on the job. I will see what is doing and let you know in a little while. Don't worry." And I rang off.
I 'phoned our brokers and they reported that they had bought 5,000 shares of stock at $1.85 at the opening and had withdrawn support. " Too much stock was pressing for sale," they said.
" This is hell. You should not have permitted the market to break that way. Support the stock! " I said. " Buy 7,500 shares at the market !"
In a few moments this firm of brokers reported that they had rallied the market to $1.16. The recovery was only temporary, however. Another drive broke the stock to 60 cents.
Our brokers had bought 7,000 shares at from $1 to
$1.16 and then stopped. The member of their firm who had been handling our orders throughout this campaign said the purchase of this fresh block of stock exhausted our cash balance on deposit with his firm. They had a number of drafts out for collection, attached to stocks sold to Western brokers, that had not yet been credited to us. There was also a big block of Coalition stock due us from them. This was the stock they had bought on our supporting orders. They refused, however, to consider either the drafts or the stocks as a credit.
We had cash on deposit and credit with a number of other brokers. I promptly telephoned several of them to buy large blocks of the stock at a limit of 95 cents. This was 35 points above the quotation that was given me. Not a single share was reported bought on these orders.
I jumped into a taxi and rode to the office of the brokers who had been handling our orders.
The situation was critical. I realized fully that a sharp break of this character in the market price of a stock that had been so widely exploited must prove shocking to investors. I feared that public confidence would be shattered completely.
" This is an outrage ! " I protested. " Buy 5,000 shares at 95 !" I tendered five $1,000-bills as payment in advance.
It was five minutes to twelve when I gave the order. At noon they reported that they had purchased 2,000 shares, for which I gave them the money. The market closed 95 bid for a " wagon load."
On the face of things it appeared that the market had rallied from 60 to 95 on the purchase of 2,000 shares. This was another convincer that there must somewhere be much that was rotten about the play.
Investigation satisfied me that I had been " double crossed."
The one firm of brokers, members of the New York Stock Exchange, who had been handling our orders, had acted as our clearing-house, holding our stocks and our money. They had an advantage, which stock brokers understand well. Having executed most of our supporting orders, their agents on the Curb were also in a position accurately to judge the professional and lay speculation pulse. It was easy for somebody to " put one over " on us.
Shortly after noon I learned that Hayden, Stone & Company's engineer had turned down the proposition of advancing $1,000,000 for railroad and mill construction. A sufficient tonnage of ore had not been blocked out in the mine. Beyond a question this information was in the possession of brokers early in the day.
While I slept damage had been done to the market that was irreparable. By the time the price hit $1 on the way down trading had reached huge proportions. One clique of Curb brokers were reported to have been persistent sellers throughout. Their identity made it very plain that the double-crossing process had been employed to a fare-you-well.
I accused our broker of not protecting our interests — the interests of stockholders. I raised a howl. He telegraphed another member of his firm who was away on a hunting-trip, to come back to town. Next night both of these men, Nat. C. Goodwin and myself met in my apartments behind closed doors. Their firm agreed to charge to their own account 8,000 of the 5,000 shares reported purchased for us at $1.35. Some other minor concessions were made.
On the day after the " break " New York newspapers
reeked with sensational flubdub about the causes of the smash in the price of the stock. In the preceding few months not less than a dozen other securities had " busted " wide open at various times on the New York Curb and New York Stock Exchange, but Stock Exchange houses were sponsors for these and the newspaper kept mum. Never on these occasions was there a hint in the newspapers that possibly somebody had separated the public from its money.
Nat. C. Goodwin and I were wrongfully accused of willfully smashing the market to shake the public out. The New York Sun printed an account of the " break " on the front page, top of last column. It began in a strain that indicated to confiding readers that chorus girls had lost their savings through the recommendations of Mr. Goodwin.
The Sun printed the list of officers of the Rawhide Coalition Mines Company and emphasized the fact that I " of Sullivan Trust Company fame " was second vice-president.
The Sun made no mention of the " double cross." Nor did any of the other newspapers, with the exception of one.
The New York Tribune said:
A Stock Exchange house which has been putting out orders in the stock was charged with leading the attack on it yesterday, but members of the firm said that they had been acting merely as brokers for customers in the regular order of business.
Following the newspaper " roasts," which helped further to destroy public confidence, two brokers on Logan & Bryan's continental wire system resorted to tactics of a kind to force lower prices. This wire has over one hundred out-of-town broker connections. A report was sent over the wire that Nat. C. Goodwin & Company had failed.
Another followed it that the Rawhide Coalition Mines Company was about to go into the hands of a receiver. The Nevada Mining News accused Nat. Boas of San Francisco and J. C. Weir of New York of exchanging messages to this effect over the Logan & Bryan wire systems, so that all correspondents on the wire would have the false reports. Both Boas and Weir were believed to be " short " of the stock. Both were openly operating for a further decline. These and similar tactics resulted in a further easing off in price to 40 cents bid on December 24th, which was the " low " on the movement.
Two weeks after Christmas the stock rallied to 58 bid, 59 asked, and the market was firm again. On January 14 the price bulged to 70. At this point the stock again became the center of attack. By January 20 the price had eased back to 50.
Thus far the net result of Nat. C. Goodwin & Company's various campaigns on Rawhide Coalition was the distribution of some 600,000 shares of stock. The issue had been well exploited. It had a big following and a broad market. Some excellent judges of mine values had become stockholders. The company, however, was still unfinanced for a long period of systematic mine development and mill construction.
We realized very clearly that some arrangement would have to be perfected to avoid a repetition of the trouble which the New York Stock Exchange brokerage firm had made us.
THE removal to New York of B. H. Scheftels & Company, Chicago stock brokers, representatives there of Nat C. Goodwin & Company of Reno, and a merging
of brokerage and promotion interests of the two firms took place.
There was precedent for the move. There are a thousand other corporation interests in this country that are closely affiliated with Stock Exchange and other brokerage houses, through one or more of their directors or owners being partners in the business. As a matter of fact, it would be difficult to lay your finger on a single big interest of this kind that has not such a representation. These houses, of course, make it a rule to recommend the purchase of stocks in which their principals are interested. Affiliations of this kind are found essential to successful financing of enterprises. A number of New York Stock Exchange houses which are headed or controlled by men who are heavily interested in mining ventures that require financing are exponents of this method in the mining field.
Most of these have succeeded in promoting projects in which they or their associates are heavily interested, with the aid of the banking and brokerage facilities thus afforded. Principally by the use of the market literature and accompanying market manipulation, these houses have placed with their customers the securities of their firm members and associates. 'They have encompassed this by maintaining a brokerage, banking and promotion business without parading before the public, although never denying, the mixed nature of their business.
For the reader to comprehend the necessity for transacting the business this way, he should understand the underlying principle of financing an enterprise by the route of the listed stock market.
There are two ways of financing any enterprise with other people's money. One is by the primitive method of appealing directly to the public for subscriptions in huckster fashion, taking the money and then refraining from
listing the stock or establishing an open market for it. You can't finance an enterprise of consequence these days by any such procedure. It is practically impossible to borrow from banks or from loan-brokers on any security that has no fixed market value. A market must be established, for without a market on which to sell, intelligent investors won't buy.
The method, therefore, in common use, and the only one which has been found effective by financiers, is to create a demand for the security, encourage speculation, establish an active market, and dispose of stock on the market as necessity demands whenever financing is required. This implies and necessitates that the inside interests must support the security in the open market. Therefore, it becomes necessary for the successful marketing of the stock by the promoters, once a demand is created and public buying is under way, that stockholders shall be kept in full touch with the latest transpirations on the property and in the market — be furnished with news concerning their interests so that they may judge the value of their stockholdings. This process is particularly essential during the financing period of the company and the security-digesting period of the public.
In fine, the ultimate purpose in this regard of all the promotion machinery of Wall Street — the machinery that has been putting out billions of dollars' worth of securities to investors — is to place stock where it will " stay put," that is, not come out on the open market again to embarrass the interests that are behind the enterprise, and who for a long period are compelled to support the market.
On the question of the ethics of market support by " the inside," a whole tome could be written. I will not attempt to discuss the subject at length here. Suffice it
to say that in my opinion " inside " support of a listed security is not base when it is done with a view to creating a broad market, to stimulate public interest, and to increase the price to a point within the bounds of intrinsic plus reasonable speculative worth. Support of the market to the point of stimulation is moral obliquity, however, when dishonestly performed for the sole benefit of the " inside " and to the hurt of the stockholder. This sort of market support is only a shade less reprehensible than manipulation that has for its purpose the reduction of the market price of a security to beneath its real value, which, in my opinion, is nearly always infamous.
I might place myself on record right here to the effect that only once did I ever " bear " a stock from " the inside," and on that occasion it was a temporary affair, caused by a desire to secure at a reduced price a big block of stock that was pressing for sale from a quarter that I was under no obligation to. Even in that instance I gave the investor much of the benefit my associates secured by letting him have stock at the same figure at which " the inside " secured it. Nor have I ever tried to push the price of a stock to a higher level than that which I considered warranted by the reasonable speculative and demonstrated intrinsic value behind the security.
George Graham Rice, My Adventures With Your Money (1911); Chapter I (Title Page, Table of Contents, The Rise & Fall of Maxim & Gay); Chapter II (Mining Finance at Goldfield); Chapter III (The Brewing of a Saturnalia of Speculation); Chapter IV (The Greenwater Fiasco); Chapter V (On the Eve of the Great Goldfield Smash); Chapter VI (Nipissing and Goldfield Con); Chapter VII (Rawhide); Chapter VIII (The Press Agent and the Public's Money); Chapter IX (The Wall Street Game); Chapter X (Enter, B. H. Scheftels and Company); Chapter XI (A Fight to the Death); Chapter XII (The Lesson of It All)


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The author suggests that research on the prediction of violent behavior
does not support the unqualified conclusion that the accurate predictions
of violence is impossible under all circumstances or that psychiatrists,
psychologists, and others will invariably overpredict its occurrence by
several orders of magnitude. Further, he suggests that there are
theoretical reasons why one could expect that one set of
circumstances--those which typically apply in the short-term emergency
commitment of mentally ill persons predicted to be imminently violent-- may
be exempt from the systematic inaccuracy found in the current research.
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From the pages of the past "peals the laughter of a gay-hearted irrepressible race; over night waters floats the plaintive song of canoeman, swelled periodically in the chorus by the voices of his lusty mates; portage path and campfire, foaming rapids and placid fir-fringed lake, shallow winding stream and broad expanse of inland sea,..."--the habitat of the voyageur emerges.
"His canoe has long since vanished from the northern waters; his red cap is seen no more, a bright spot against the blue...his sprightly French conversation, punctuated with inimitable gesture, his exaggerated courtesy, his incurable romanticism, his songs, and his superstitions are gone." (Grace Lee Nute, The Voyageur)
In American and Canadian history this unique breed of men played a significant role. The fur trade was for generations the chief industry of the continent. Without the voyageur the industry could hardly have flourished and attained the importance it assumed.
The fur-trading era came to a tragic close. In its wake followed other eras--logging, mining, farming--each extracting its toll of resources and each writing its history upon the land. Now emerges a new era--a frontier of recreation--one that extracts from the land a sense of its beauty, a joy of being in its presence, of reliving its past.
The voyageur is gone, but there remains an air of his presence in the land and waters he traversed. There is a growing surge of desire to commemorate the memory of his being, the heritage he left, by preserving the setting upon which his drama was enacted. In places the setting is altered, in others it is essentially the same. The opportunity to preserve much of this scene is rapidly passing. To exploit this opportunity is the appeal of this report.
Created in 1849, the Department of the Interior--America's Department of Natural Resources--is concerned with the management, conservation, and development of the Nation's water, wildlife, mineral, forest, and park and recreational resources. It also has major responsibilities for Indian and territorial affairs.
As the Nation's principal conservation agency, the Department works to assure that nonrenewable resources are developed and used wisely, that park and recreational resources are conserved, and that renewable resources make their full contribution to the progress, prosperity, and security of the United States--now and in the future.
Last Updated: 03-Feb-2009


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April 2 Campaign roundup: Congress trying to spread communal disharmony ahead of polls, says Arun Jaitley
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Years of Congress rule has harmed India. To undo the harm, bless us with over 300 Lotuses from all over India http://t.co/GRv47rEUiL
— Narendra Modi (@narendramodi) April 2, 2014
8: 58 pm:
Who are Congress' Chowkidars? Those involved in Fodder & Adarsh scams? Will India's coffers be safe under them? http://t.co/qRMHsGfbYy
— Narendra Modi (@narendramodi) April 2, 2014
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7: 23 pm: Sonia Gandhi's appeal to Muslim leaders to ensure their votes are not split.
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