The sun., 1895-05-05
PIQUA CLUB TROUBLES,
Gensiinger Has Edwards Arrested OF
Charge OF Grand Larceny.

GensIinger Has Edwards Arrested y
Charge OF Grand Larceny.
Charles II. Genslinger. ex- Treasurer and man.
ager Of the Piqua Club Association, had Harry
Edwards, formerly Secretary and Treasurer of
the New Manhattan and Piqua clubs arrested
yesterday afternoon on q warrant issued at the
Essex Market Police Court by Justice Grady,
charging him with grand larceny.
Detective Sergeant Titus. who made the arrest,
found Edwards at the office of his lawyer.
Edward II. Murphy. in the Stewart building
and took him to Police Headquarters. Later in
the day Edwards appeared before Justice
Taintor and was held in $4,000 bail. which was
Immediately furnished by ex-Postmaster Cor
nelius Van Cott. the President OF the New Man
haitian A. C. The case will come up before JUS
tice Grady in the Essex Market Court to-mor-
row.
According to Counsellor Murphy, who was
seen at the Manhattan A. c. house last night, no
crime of any kind has been committed. Mr..
Murphy, after explaining that the piqua Club
two distinct organizations said:
Some months ago the Piqua Club Association
Mitchell. and Henry Edwards with a capital Of
$4,000, Genslinger holding $50 shares. and
the others l25 shares each. Afterward Mr.. Van
Colt and several others became small share
subsequently Mitchell sold one share Of stock
troll OF the club. After this transaction there
was considerable dissatisfaction. and Mr., Van
renamed in control Of the ma management. mt"'''"N''
Edwards therefore determined to purchase
Genslingcr's PSI shares for $l75 share. which
Mr.. Gensingcr $4,000 in cash and the bal
ance in notes. These notes. together with
Van Colts hands to be delivered when
Genslnrer in case Mr.. Edwards failed to meet
n a n AG-
sociation SOC held Feb. :. right after this this deal was was
completed. the directors Of the club voted to re-
pay to Edwards the $1,000 he had advanced to
se at So@ S" TINS , a tns
taken this $4,000 and misappropriated it. at
the time that resolution was passed, on Feb. Z.
very night f. D.. palfrey was elected Secretary
and Treasurer in his place. Mr. Palfry is a
pa Of EaWd @9 d. s,oo ~.
Clubs income fol Off; in fact. the expenditures
were. greater r, than the receipts. and the
Sins Singer then then demanded that Mr.. Wa Van sa cott
com implied with On April ie Gsnsinsser isness caused s
the stock to he sold by Auctioneer Harnett.
when it was bought in for him. and he now holds
Just how there could be any lack Of funds at
the time the notes came due it is hard to see, for.
dues alone in The first four months OF the clubs
career were $4,000 and from other. sources
said. gave a net profit Of over 500. 900. -
Charles II. Genslinger was found at the Com
me5ciaI TraESers Club y Vest
Well. just take n look at this" at the same
City BANK Of BdRok BsSRS Shch
read:
S ns order of Pqua Club ten
On the back of the check there were four en-
dorscments.
should have done; deposited It to his his
You know Mr. Edwards agreed 'is' to buy my stock
ar and se ny n sp
as security for these notes. The moment he
failed to pay any one of these notes the cash was
Well, Mr.. Edwards and the people who got
control OF ths club found out soon after left
they did, and when the time came 10 pay my
first note they could not meet it. Since then
to builioze me out Of my rights. but as 18th the
largest stockholder don't propose that they
The recent troubles of the Piqua Club have
had their effect ON the members of the
new Manhnttan ,N. 4: C., and few Of the
at the club house last night. In spite Of
all this, though It is said that the club has over
ceived within the last month. At the present
time the club has over 100 creditor to whom
some $4,000 is owing. The rent on the house
Is paid TO the, first of July. and the
last quarter Of the rent for 1896 is
also paid. This last payment was made so as to
guarantee the !selins. who own the building.
their TWO years rent II the troubles are settled
aud the members can stand the strain. over
$50.O00 will come into the treasury when the
six months dues, payable on May !, are re-
ceived. which would be amply sufficient to pay
all Just claims