The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1890-11-17
MANY VICTIMS LURED.
By Inducements Held Out by
Loan Institution, 8
INSURANCE MEN ARE JAILED
For Conspiracy TO Defra,,d Their
Patrons - Their Glittcring In-
dnccments and How they
Caught tho Unwnry Ones.


men, we had some people here befor
who were apparently transacting sin
liar business to yours, and they are MOI
In tho work house. Your business ma
be legitimate, but We propose to test
In order to protect our citizene."
That's the way Inspector McAlees
addressed three well dressed men yer
terday afternoon as he ordered their re
moval TO the county Jail to await hea,
ing before Police Magistrate McKenn
on Monday on n charge Of conspiracy t,
deiraud. M, -l#, n
The prisoners are tho local agents o
tho Granite State provident Association
OF Manchester, N. II. They are Super
intendent Ii. P. Kimberly, Assistan
Superintendent Charles NJ. Egglestol
aud Bookkeeper Robert S. Snyder, ant
they were arrested at their Offices, Nos
53l and 533 Wood street. ~ q.
For several weeks past complaints
have been made 10 Inspector McAlees.
Of the manner in which the local official!
OF the Granite State Provident AssoCia
ton were conducting their business, ant
iiually they came so thick and fast tha
the Inspector determined to put stol
to the operations OF the concern.
~ CHARGED WITH CONSPIRACY.
Yesterday Robert McAnderson, OF No
100 Caldwell street; Mary France, 9
washerwoman OF No. Gl South Four.
teenth street, and Mrs. Mary Barnmiler
the wife OF molder, OF No. 10l Knox
street, Southside, went before Police
Magistrate Mckenpa and charged the
prisoners with conspiracy to defraud.
The compliments had paid from $40 to
500 apiece into the association, and no.
receiving any return therefor, had
become dissusted with the concern.
The prospectus Of the association holds
out glittering bait. The officers are
President, Joseph @. Moore, President
of the Peoples Fire Insurance. Company,
Manchester; Vice President. G. Percival
Stewart, President Lowry Printing and
Stationery Company, New York; Secre-
tary, E. Z. Burlingame, Manchester ;
Treasurer. Hiram D. Upton, Treasurer OF
the New Hampshire Trust Company,
Manchester; Trustees, in addition to the
above, Hon. Ely Z. Brewster, Vics Pres
ident OF the Dover National Bank and
President oil the Dover Gas Light Com
pany, Dover; Hon. S. NJ. Bernard, Su.
preme Solicitor knights Of the Golden
Rule, Louisville; G. Loring Pierce. NJ.
D., New York; Hon. D. NJ. Shapleigh,
town clerk, kittery, Me-; Philip Car
penter, counsellor.at.law, Potter build
ing, New York.
The purpose OF the association" :ls
stated in its prospectus, ''is to encourage
industry and frugality, and to promote
thrift and economy among it's members
by providing a medium through which
their savings may be invested 90 as to
yield the largest return consistent with
absolute safety. This association was
chartered by special act OF the Legisla-
ture Of New Hampshire, with fourteen
OF the most prominent and influential
men OF the State as charter nembers.' y
BIG PROFITS ON PAPER. Il.
The plan OF operations, as outlined, is
the selling OF shares Of n par value OF
5000 at 81 per month for eight years.
Thus, when the investor has paid in 500
he receives 5000. On the other hand ii
a man desires to purchase property he
invests in shares OF par value OF 25 per
cent more than the cost OF the property,
but no loan is made until the sharehold-
er has paid dues on tho shares for six
months. This is where the fraud is
alleged to have occurred,
The three compliments, together with
John M0reland, Of Knox street and Pine
alley, Allegheny; Fl. Howell, Copeland
street, Allegheny; John Elk, North Dal.
las street, East End; Anna Dill and Glib.
BON Graf. Smiths " ay, Mt. Washington
$. l.. p. kunkle, Rolla street, Allegheny,
and George Barker, Bigelow street, pur.
chased shares and paid dues for six
months, expecting to receive loan to
the amount Of so per cent of their hold
ings at the expiration Of that period.
When the loans were due tho pur-
chasers Of shares called upon Superin.
tcndcrt Kimberly to make settlement.
Then they were informed that the ar
range@ents were made by Mr.. Kimber-
ly's predecessor, and THAT the present
superintendent had no Knowledge oi
the circumstances nor of the location oil
the man who attended to the affair.
This was cold comfort for tho people
who had paid their money for nothing,
and they pptthe cass into the hands OF
Inspector McAleese.
AN vNsATIsFACTonY E1rLANATIoN.
The Inspector sent Detectives Shore
and Coulson to the ASSOCIATION Office,
and the men were taken TO City Hall
Superintendent Kimberly was closely
questioned by the Inspector, but failed
to yield any information. lie did not
know where his predecessor had gone,
bgt thought he was in New York OF
New 0rluanc. He protested that the
business was perfectly legitimate, but
failed totsuggest any means by Whici,
the victims could secure the return oil
the ,spney they had paid into the asso'
ciation. I. x.
| The men were then sent 10 Jail to
await a a&hearlng on Monday. On the
way Iss;stant Superintendent Egeleston
pulled out big roll Of bills, and count.
Ing out $1,000, handed it 10 Detect;ys
Robinson and asked him to secu,e bail
Tor him. Robinson told Esgleston that
he could not do business ts.st way-that
the bail would haye to be SECURED by
Allegheny county real estate. y
Inspector McAleese believes this case
to be similar to that Of the 4 Capital
Building and Loan Association OF North
America, six Of whose agents are now
in the Allegheny county workhousa,
serving sentence for conspiracy. The
Granite State Association has agencies
qll oyer the country, and is undoubted'
" doing s large buninesg. The Pitts
burgh agent0, to inspire eonidcnce
among persons who were dubious about
investing, instructed them to make theil
payments to local tinaacial institution
Of Hndoubted standing. While the lat
| tor received the payments and gave re
ceints therefor, they we're merely sctipg
as sub.ascnts, and had no interest IN the
l1nnpnrnr y fvaunH onv ftIi a m nj no an "