The Wichita daily eagle., 1894-02-01
BOUGHT WIND.
q. d. Chamberlain Of Denver Catches a
Sucker in New York.

New YORK, Jan. 3l-Humphrey d.
Chamberlain, president of the Chamber
lain Investment company of Denver. Colo,
which failed last July, hns been arrested
and held in 5000 bail on an order OF
Justice Lawrence of the supreme court, in
an action brought by Joseph Paisley of the
shoe firm of J. Paisley & Sons. to recove I
e, 900 obtained on alleged false representa-
tions. Paisley is one of the many church
people who claim that they have been nip
ped by Chamberlain's representations. He
rays that Chamberlain organized the
Fort Worth Park Place Land company,
Of which the Chamberlain company has a
large holding of stock, aud claimed about
Chamberlain let him have 100 shares of
the Fort Worth Park Place Land com
pany at $50 each, par value 500. He told
him that he would get his money back in
three years and still have his investment.
Paisley SAYS that he went down to Texas
and found that the company never owned
The tract of land represented. He says
that he got no dividends and has been
unable to connect with any OF his s., 600.
Chamberlain gave bail and was released.
H. ID. Chamberlain, president of the
Chamberlain Investment company, is one
Of the most prominent figures interested in
land and real estate in the west. After a
comparatively few years of rapid success in
Denver, at 4 time when values we've risin z
in that city at an almost Unprecedented
rate, he was elected president of the cham
ber of cammerce of that city, and has
recently spent most OF his time in
Europe and the east Of this country
enlisting capital for the numerous heavy
projects in which his company was iu-
volved. Many of these proved disastrous.
The property at Fort Worth, In which the
company was principally interested, COM
prises large tract of land four miles
from the city, reached by an electric car
line kept up by the company. At the
terminus of the road was the famous
Arlington Inn, hotel built as resort,
and to establish the locality rs a fashion,
able neighborhood. The hotel was run
for some time at a loss and was finally
closed.
The boom which struck Fort Worth was
Bhort-lived, and the company found itself
in the possession of a white elephant of
The most burdersome character. Other
properties in the southwest, although not
of such an ambitious character, depreciat-
ed to such an extent, and coupled with
the fall of values in Denver, which cul-
minated last fall when the price of silver
went down with run, finally swamped
The larger concerns.
In Denver, for the past few years, the
business has been personally supervised by
w. A. Chamberlain, a younger brother of
the partner against whom proceedings
have been commenced, A great deal of
money was cleared by dealings in inside
town property and Capitol Hill invest
ments, lots in the latter district jumping
from $500 to 5000 in the course OF u
few years, this upper portion of
the town of Denver being now
entirely occupied with the mansions of the
wealthy mining operators of the state and
successful citizens of the city. More than
one extensive speculation in outside tracts
followed these successes, aud they were not
only failures, but the burial ground Of cap
ltal, mostly Subscribed by smaller invest
ors, who had been induced to place their
money with the. company on
the reputation it had won in
its earlier enterprises. A vast
amount Of English capital was taken care
Of by the company. A large proportion of
the clients were individuals connected
with the Methodist Episcopal church, OF
which the Chamberiains are prominent
members. H. b. Chamberlain has also
been intimately associated with the Young
Mems Christian association, and has lec-
tured in London, the headquarters of the
society, during his trips across the ocean.
The arrest will naturally cause a great
sensation among the unusually large cii-
entnge of the firm