Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-12-30
ALLEGED SWINDLING IN NEW YORK
Remarkable Method Adopted by Al
legged Cleveland CIothier

NEW YORK. December 29.-David
Rothschilds was arrested to-day on a
warrant sworn out at the instance of the
Central National Bank. According to the
complaint Rothschilds was the head Of
the firm Of r. Rothschilds & Sons, which,
until recently conducted large clothing
business in Cleveland o. on May IS, 1897,
Rothschilds visited the Central National
Bank. and offered note signed by the
firm for S5CCo. payable September 18th,
Of that year. for discount. He made a
statement that the firm had liabilities of
about $4,000. but possessed assets OF three
times that sum. He also gave the bank
as security about twenty promissory
notes of customers in sums ranging from
$l00 10 800 which the bank says, Roths-
cbUds claimed were secured by chattel
MORTGAGES. Their total was $3.50. Among
other notes were some signed by Harry
Golden. John limerick, and w. Lei Eme-
rick's note was payable at the Home
National Bank, of Chicago, as was a note
! purportng TO be signed by Louis Cook,
the others al the office of the firm here.
When the s. 900 note became due, in Sep
tember of last year, r. Rothschilds ~
Sons assigned. but the Central Bank, with
the $500 Of notes, felt Safe As fast as
the notes became due the bank sent them
out for collection but their correspon-
dents reported that they could not find
the drawers of the paper
NOTE-MAKERS EMPLOYEES.
After search, however, Limerick was
D, fl.f.lr-t str4D
where he was employed as a driver. He
stated that he had formerly worked for
the Rothschilds concern, and that David
Rothschilds told him to sign his name 10
about twenty notes. Just what they We're
he said he did not know, and he did not
care. as he knew having no money no
one could make him pay the notes. Eme-
rick also stated that the other men en-
ploved by the firm were asked 10 do the
e9 be- and that Golden Lei, and Cook
n a about the same number as he dld.
er the Central National Bank located
Who corroborated the statement made
nv limerick other men employed by the
0r,, also made similar admissions. With
mis- information the bank laid the matter
before the District Attorney, and the re-
e,,it yyas the issuance OF the warrant for
Rothschildss arrest.
When arraigned In court to-day Roths-
childs declined 10 make statement FUR
tber than 10 say that he knew nothing
about any swindhng, and ii was simply an
erfort TO induce or frighten him into pay
inc n debt contracted by a firm that had
,nsde an assignment and was in the hands
OF an assignee. ,.,1..,'
MORE THAN ONE VICTIM.
While the police who conducted the m
,,estigafioo for the District Attorney will
make no statement OF details further
than that given they admit that from
number OF other large financial institu-
,ions ana banks In this city money was
obtained in the same manner as at the
Central National Bank. I'm all. they say
mont 100000 OF the Rothschilds paper
xyos foated in New York.
Rothschilds was held in WOW bail Tor
examination on January 90.
A MisTAKE SOMEWHERE.
CLEVELAND, o., December BIT Is
,,,,nosslble 10 learn anything here about
III ann Of X. Rothschilds Son men
..tl,e1 In the New York dispatch con-
er,,,a,, the arrest OF David Rothschilds.
~ s,,cb firm has been in business mere
.'t,hfn the past two or three years nor
AZ ,' anv Of the merchants know OF hrm
OF that name
mr. nu,rs Cough syrup is m"'"-