Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1891-09-23
MAY INDICT RUSS"
TRH SON OF PRESIDENT HARRISON IN HOT
WATER IN TEXAS
What Has Become Of Bis 100000 Of Paid-Up
Caphal-A Land ConpsRy Built Mostly on
Broken Prumisss-BOw to Aaksa FOr-
tune Without Investing Dollar.

ARKANSAS HARBOR, TEX, September
92.-This pretty little city, thirty miles
from Corpus Christi, is soon to be the
centre Of interest in the United States,
because of an effort to indict Russel
Harrison. son Of the President. lie IS
At the head OF the Arkansas Haroor ana
Land Improvement Company, whlcn
sold many hundred thousand dollars
worth OF land here on the promise thaS
within one year they would obtain deep
water Arkansas Pass and so make mar
Dor rivaIing any on the Gull coast
Russell b. Harrison has oeen IN II
from the start, but has yislthea the
place only once-when the transfer VI
the property took place. since 'nen
the city of Arkansas Harbor has known
him not. but there are many people
here to-day who pine for his return. lie
is with Us i'm spirit, however, ana from
his New York office, 40 Fifth avenue
he proclaims I'm pamphlets and newspa-
pers puffs (paid for at so much Hne)
sc ready at all times TO enlighten In
vestors regarding the advantages OF
getting in on the ground noor ana drop
ping their Doodle in the future deep
water city
The land being secured, the next step
necessary was the formation OF a cor
poration which by It's apparent strenetu
and responsibility should command Ine
attention of the people. UnIortuhate-
IL for the projectors or schemers' the
law OF Texas requires that STOCK suo,
scribed should be actually paid Tor, ano
subjects all corporations TO examination
and the necessity Of making reports
setting forth their receipts and eXpeh-
ditureS. .
The laws of other States, however,
are far more accommodating, ana as
consequence the charter was obtained
I'm Kansas, where corporations can 90
almost anything they please without
having to show their hands or account
10 any one for their dOingS.
A charter was also obtained in Colo
RADIO m a cost Of about 81, 500, and arm
ed with this dOuble-headed authority
the Arkansas Harbor City and Improve
ment Company, or the Arkansas har0or
Improvement Company, 0t sails under
two distinct names) took out license
10 do business in Texas and announced
itself ready to pocket the dollars OF the
dear people. ,..,
made up? 1900.
A block of stock about 100000 par
value was given Russell b. Harrison and
another member Of his family for the
use of Russells name as President; an
other block of stock was issued to B. II.
Wilson. who became one or the man
ayers Of the company; still anOther
slice was dealt out In the interest OF L.
b. Wheeler, general agent; an additional
chunk was awarded TO A. w. De Berry,
secretary; and in the distribution OF the
ME Mr.. C. o. Knowles OF Kansas, Tor
consenting TO act as treasurer, received
his share, although he has never paid
nickel into the company and never han
died 2 dollar as its alleged treasurer.
Another cool half million dollars In
stock was credited for well-earned ser
vices To a gentleman since deceased and
is now held by his heirs, while block
OF 50, 900, 900 was made out 70 Reagan
FopstoD. as trustee Of Arkansas Pass
HarbOr Company, on condition that MI.
Lott and his associates built Jetties and
secured deep water.
How much was distributed for friend
" legislation, how much was given to
incorporators for the use of their names
in boosting the scheme, how much was
given for 'inGOoence" generally, cannot
be ascertained with certainty, but in
the aggregate there was precious little
left of the bOasted six millions.
From all these sources not one dollar
I'm money was realized. Out Of a small
number of the incorporators, who actu-
ally paid cash for stock at the rate OF
about three cents on tie dollar, the
whole paid-up capital was as nearly
myth as it well could be. In plain Eng
lish. 10 was a delusiOn.
The scheme begun by this breach OF
confidence was carried along by misrep-
resentation. This corporation does not
appear TO have any board OF directors,
but, i'm the language OF the COmpany's
advertisement, it was oflicered by we'll
known statesmen, fnancierS and capital
lists.