The case of M. E. Lewis has caused a great deal of comment on the streets and has been referred to in the press and considerable interest has been generated therein, owing to the fact that Mr. Lewis has been rated by the public as a very wealthy man, and the subscriptions made by him as published have not been in accordance with his supposed wealth.
Mr. Lewis appeared before the council and made a detailed statement in reference to his financial affairs. It was shown that Mr. Lewis' operations and all the holdings in his name were the interests of a corporation which he was manager and a stockholder. That the most of the property of this corporation was unsalable, non-productive land, and was a liability instead of a resource at this time. That there was a heavy indebtedness against the property of the corporation and that the quota of $1300 of bonds which had been assigned to him which he took, was greater than he should be required to take. He stated that he had about $2150 in war securities and had taken all that he possibly could.
After a full discussion of the matter it was moved, seconded and unanimously voted that it was the sense of the council that Mr. Lewis had taken more than his full share of war securities in accordance with his financial ability. 