T he A
u t o m a t ic
California Now
After Lease Plan
That the investing public should
use caution in making investments
into companies engaged in the vend
ing machine lease business, owing to
certain technicalities regarding the
legality of the sale of such leases, was
announced by Edwin M. Daughterty,
commissioner of corporations, says a
California newspaper.
The attorney general, in a recent
ruling sought by the corporation de
partment, held that vending machine
leases are securities, and that com
panies engaged in their sales are
within the jurisdiction of and should
have a permit from the department,
Commissioner Daugherty said.
An opinion now is pending with
the attorney general in event the
vending machines are sold outright
and a lease taken back by the promo
tion company whether or not the
lease in that case would be a security
and under the jurisdiction of the de
partment. An early decision is ex
pected.
“In view that the vending machine
business in California has been any
thing but a success and that Califor
nia investors lost more than $2,500,
000 in the failure of two companies
alone, the public should be cautioned
in that the legality of the leases of
the machines are doubtful,” Commis
sioner Daugherty said. “ This applies
to beverage vending machines, ma
chines disposing stationery, sand
wiches or any other kind. The his
tory of the vending machine business
shows that in almost every case that
the investor not only failed to receive
any material income from the invest
ment, but that the principal was lost
in entirety.”
After centuries, during which only
the pen was permitted to be used in
French courts of justice, the type
writer has at last been authorized for
the printing of court documents.
© International Arcade Museum
A ge
77
The Latest! Slot
Machines for
Bridge Tolls
Quarter-dollar slot machines, some
what similar to those in the subway,
will receive the tolls for all passenger
automobiles across the Delaware
river bridge, at Philadelphia.
There will be change booths on
both ends of the bridge. Mr. Chase
announced. Like the slots them
selves, they will be so arranged that
the driver of a car need not get out
to make the change. The slots will
protrude enough to enable a motorist
to drop in the quarter in sight of a
guard, who will permit the machine
to pass. All the slots will be on the
Camden side.
The six traffic lanes across the
span will be capable of handling 6000
cars each an hour, the engineers were
told. Each of the slot machines will
be able to handle 400 cars an hour.
There will be ten of them, capable
of passing 4000 automobiles every
hour, though the six lanes might
handle 36,000 in the same period.
New Caille Machine
Caille Brothers, Detroit, have a
new machine which is three machines
in one. First it is an operator’s bell,
one of the most popular machines of
the kind, it vends ball gum, one ball
for a cent; and it tells your fortune,
using the combinations of characters
on the reels to indicate the fortunes.
As an amusement and merchandise
machine it is one of the most novel
constructions ever offered and for
territories where ordinary machines
have been molested, this machine
will, it is said, conform to the local
regulations without any conflict. The
machine is illustrated on another
page, and its many attractive fea
tures will appeal to operators. The
Caille B roth ers Company, h?ve an
interesting folder on the machine
which is being sent to operators.
http://www.arcade-museum.com/