New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-05-14
PRINTED CHARGES AGAINST MR. WILSON
A STORY FROM BALTIMORE ABOUT THE NEW
PRESIDENT OF THE HEALTH BOARD
HIS ANSWER


Them was published yesterday long article under
Baltimore daeine, in regard to Charles George VIII
son. the newly appointed president OF tho Health
| BOARD II was a review OF Mr.. Wilson's business
transactions while ne lived In Baltimore, and In It were
number Of charges against him, especial stress being
laid upon his connection with three land companies OF
that CITY and the character OF his dealings both with
| the companies and with the stockholders. II IS
| charged that money entrusted to him by Balti
more people in speculative enterprises, and that
| II WAS not returned TO them. The article says that
Mr. Wilson together with his law partner, organized
three land companies The combined STOCK OF Inc uree
organic atoms was 81 800, 900, 5000 shares In all II
is declared that the companies failed, but before the
| final shock came, Mr. Wilson started tho hishiahd
Park scheme, enterprise for the erccuon o. an I'm
mense hotel and many cottages IN the suburbs INC
enterprise bad been the hands Of Mr. Wilson ana bis
partner high dividends bad been paid, Mr. Wilson had
lived we'll and everything seemed to DO prosperous
| Suddenly the dividends ceased stockhohen
| began to whisper that there was something wrong
with him and the enterprise His manage
ment was questioned and an investigation demahde1'
One Of the stockholders began proceedings against MI
Wilson, charging him with delbcr maud In buying
the property in bis own name aud transferring
It 10 the companies at an advance OF SeeoOo
Mr. Wilson and his associates gave up tho ohoes uoS
held but before doing so they SOLD assets Oh lOe
companies for pad up stock and oblsaUoh' hi'1F
securing deeds OF lana anu hOuso' my 'NoPP~
from office Mr.. Wilson the legal adviser Oh inc
new directors A new sale Of property look place.
the directors being the purchasers, and making pay
ments with stock and with obligations oil The com
many Receivers were then appointed. The court
decided that subscriptions the stock must be paiu
in full decision was also gwen, requiring NOSE
who had purchased property with stock should pay for
the property in cash "The decision CAME rays the
article but Charles George Wilson was In NaiIsI'
sucb in affect * the published story.
Mr. Wilson whom by reporter ycstc sA'u
that the attack, he thought came from THIS CITY
Right here he said. He was then sitting In Inc
oGoe OF the Consolidated Exchange. When asked
n be referred to the Exchange he said, No. for they
are all on my side The three companies, no said
ware formed In &c., 1871 and 1872 OF theroabouL They
were successful for dong time, paying exceedingly
high dividends, In ono case As high as 90 per cent
The companies, he said, successful
AZ long as they wero under his management
The failure OF the scheme was due to the panic OF
lara which made It difficult TO extend the company
nSnsr further He resigned his position ~ counsel,
new board OF management came into control ana no
was made a director The new board declined 10
lndorso papor and tho crash came He denied that he
had bought the property In his own name transferring
q =. the company at an advance and denied all charges
OF question able transac tons. The companies, ne
thought, werc making settlements now one OF them
he thought hsd paid dollar for dollar another 81
cents and tho other IS cents. 30 you SEQ" be
said =" Il wasn't so very bAn."
Mr. Wilson said that he himself bad lost money
along with other stookhOldert Ne stll had Interests
In the enterprise Its failure, in his opinion. wAh
due 10 the fact that he about ton years ahead OF
the times-for Baltimore. When asked II he would
take legal action In regard 10 the article he said that
he had not yet consulted his attorney.