New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-05-20
GERMAN INTESTORS EXCITED.
THEY Buy FcEH.GN BONDS on IN>TALMENTs'
But FOR SOME REASON FAIL TO OBTAIN
P->sE,s,oN OF TnE sECrMIlfS'


POSSESSION OF THE SECURITIES.
TIN German population OF Newark Is greatly eX
citld over transactions m bonds In "hlch many
of them have invested amounts ranging from - '
sn3 Ahour two years aro. q man representing him
eu ,s Mr.. ,chrcilcr head Of the firm Of schrcibcr
PoIlatchek ( SOL brokers. Of Nos. 40 and ~ Broad
way New York, appcarst I'm Newark, and began u
canvass among Germans for the sale Of foreign bonds
The bond, were to be sold on the u>tamcnt plan for
300 cach payable - monthly. \ certificate h'Vhs
tbe app..,r.,nc. Of a bond wa, delivered upon The
paymcnt II such in-tam"nt and II was -tpuI@'ch III
the agreement that failure TO pay any assessment be-
tween the nr.t and fifteenth of each month was
sufficient ground, for the forfeiture Of all money
paid IN previously number oi people pald hiho
teen Of the assessments. S5 IN ALL and after that
IN. agent failed To call.
Among the number who paid in 800 wns Hugo
Holman q liquor shop keeper in Ccniralave. When
tin. twentieth instalmeut Vas due. Mr. li"lImal be
came alarmed at the uon-arrtval oI the agent ana
,,I,l AT the Office in th, city. IIe found the firm
IN two room, on the third floor the bu~ine-e beng
conducted ln Il rear room. When VT. hoi@"d"
proi',rcd hl, final payment, he say sehre'"r was
unwilling T. accept and made number OF excuses
Holman demanded his bond, or money, ana 'hIc''
cned to ~ at 10 Inspector byrnc' II theN "'o
not forthcoming After long argument ionr b"Hu'
,,er, pfoiucci which were declared Ia be the ccrtl
cate, called for The bond, and their apparent face
,,lue were a, follows: one Austrian Red 'Fo7~'
value 10 sulden one Italian Red Ctos'' N'lue' -
lire: one Hungarian Red Cross value, gulu'H anu
one Austrian Hungarian Government N"N"' wv
,nldcn The bond, were represented a. drawing .
per cent interest cach and i'm addition each h"mr ""'
entitled to q drawing in the Austrian Lottery Prllo
hts Of which we're sent to purchasers of certil'
cate, each month.
After receiving the bonds Holman took them u
,be firm of Knauth Nachod ~ kuhnc Nos. ana =
.outh william This city, where they were valued
=, st6 for the entire lot. lie then took them TO
uiscnoN 9, Co.. IN the -tlat, Lcltung BuluIIki anu
hcr, too they were pronounced worm onA ~ -,
Christian Frey, another !ituor mop & MerP' the nst
payment being made last November ana SIN, - 10 aS
lime he he has been unable to ma h'c''o'' ''
Jo,rph Heinz. Of Polk ST., invested S3j. Whch
UcinA's nineteenth in,talmcnt fell due on aPil -
he paid the ~ aud received al extra 'cruH' 'c' ,
he understood was "A present ana una, ne - h,.
not have tn nav any more. On May H. Whe! n''
twentieth insalmcnt would have .falch uue h'n ei''
extra certificate not been given 10 HclnI H2 ov a.
brought the certificates to this city. and GONG I" Io %
firms Ohcc bro1dwdy dcnaiuTi Ms -, y''t,, w., int
was Informed that a,-c, ,,n' "a' 9til 1ro, V "V
he ohcccd and said that the cAlrh ''FllH 'N 49,,
Ia him made M M, twenty payments wm'h en-.
him To the bonds. Again he Wa informed iHft wv
extra certificate simply an agreement WIZ" . r ,o
other 100 worth Of bonds. Heinz returned 10 NcNAth
and at once sought legal advice Ia th1 @ matt '''
result Of which ia, not yet bcon made kh0Nn ,,,or
T. Narrcl A bother of Newark, invested = ip' W.
having I'm nine a,,css smcnts Mr.. MarTcr S1tNncd n'u
sclf that he did not Ia invest FARTHER; lo'v ,
are many other, Who have invested bu' w IN, ,ro
firm did big buSinc>> In newark - ecrtdn III ia" n,rT
man generally spent entire week ia tle curry P',
of each month going the rounds colleruhg& & Ia va
horse and carriage. number OF the inyrsiori H ta"
united TO take action for the securing of thcr o"''