The sun. [volume] (New York [N.Y.]) 1833-1916, 1897-06-13
ALLEGED REAL ESTATE sK1NDLE.
Arrest or the Supposed MansEe OF the View
York aud Westehester Real Rstate Co. .

Arrest OF the Supposed Manager or the New
York and Westehester Real Rstate Co. .
Stewart c. Schenck. the alleged manager of the
New York and Westchester Real Estate Com
pany. was arrested yesterday on the charge Of
~swindling and held in 81, 800 bail for examina-
ton in the Yorkville Police Court. The only
reason the rest Of the officers Of the company
were not arrested was that the police could not
And them. The complaining witness said that
they had absconded. He Is Michael Gould Of
IS Amsterdam avenue, and he stated in his
affidavit that the company had cheated him out
Of S270 by selling him property it did not own.
Thomas Overington, Jr.. who lives at Sayville,
LII, was the President Of the concern; A. E
Sumner of Jamaica. L. l., the Secretary and
Treasurer; Stewart C.. Schenck, the manager.
and J. E Montange. the managing director.
Prior to June. 1895, Mr.. Gould swore, the
company advertised the sale of land ut Elms-
ford. n. Y. On June IT Of that year he bought
lots II and 1s, block II. from the company for
$50 each. He executed a mortgage of the lots
to the company, agreeing to pay in installments
and paid $50 down. He paid various sums
aterwsrd until the amount was $27O. Then he
was informed by H.. d. Cheever, who has an
Office at 253 Broadway. that the real estate COM
pany never owned the land and that he, Mr..
Cheever, owned 1t and had his title re-
corded. Mr.. Gould said that Schenck was
the only officer of the company that
still carried on the business. Attached to his
affidavit was a printed circular Of the real estate
company containing a schedule of the lots for
sale at Elmstord. There are twenty-five blocks
otland with hundreds of lots ranging in price
from $3.50 TO 81 200 each. The main ONCE Of the
company was advertised as at 9 Seymour build
ing, Fifth avenue and Forty-second street. 1t
was there that Detective KRvanaRh nf the ranrt
squad arrested Schenck.
Mr.. Gould is a sewing.machine salesman. He
said that a number OF working people had in
their title deeds to the land. He believed that
The company was got up TO swindlo poor
people who had small sums to invest and did
not investigate before purchasing. When he
Elmsford ana drove him around the place in a
carriage, pointing out the land which he de-
eiared belonged TO the company.
Constantine GOeckel OF 24O6 First avenue
he had invested $3.50 with the real estate COM
pany for land at Elmsford, and was unable to
money.
The action of the company. as he had only been
acierk In its employ and had severed his con-
necton with 1t a year and a half ago. He stated
mat the company had made him a sort Of man
grass was cut and the place kept in order.
II don't know whether the company owned
the property or not" he said. "Ithink they
bought IL from Mr.. Cheever and gave him q
mortgage on 1t, and this was foreclosed and the
land taken away"
When asked where he lived, he at first said
darrytown and then Riverdale. The name
s@~art I. sehenck appears in the City Direc-
street The prisoner asked to have the exam
nation postponed until Tuesday,