The herald., 1898-03-20
IS WELL KNOWN HERE
FIFTY THOUSAND DOLLARS TO
BE EACCoUNTED FOR
HABEAS CORPUS Is DENIED
His Attorneys Will Vigorously Up.
pose His Being Taken East-A
Syndicate Investment Co"

well-known man of this city are involved
In sensational arrest which was made
Friday afternoon by Detectives Auble
Hawley and Flammer. DR.. VIM. e. Forest
was taken into custody by the officers, and
he is alleged to have swindled a number
of people in New York city out of sums
aggregating $4,000, by means of bogus
stock investment bureau. He is charged
with grand larceny and will probably be
taken back to the east to stand trial, as
he was indicted some time the past year.
On Friday Chief Glass received the fol-
lowing dispatch from Geo. w. McClusky,
chief of the detective department. OF New
York city: Hold DR.. VIM. Forest. VIII
prepare requisition papers at once. In
dicted for larceny of s250O from Alex. Nc
Elwee, at so Broadway, April 6, 1897"
In addition to this Chief Glass received
a circular regarding DR.. Forest, In which
it was stated that the doctor had formerly
conducted stock swindling place at 90
Broadway, New York, and had succeeded
in doing large number of people out of
money. His swindling operations were al
legged to have reached the sum of $50, ,OO0
of which $4,000 was represented by the
agency which had issued the circular. 1t
had been learned that DR.. Forest was To-
Gated in Southern California.
DR.. Forest has been engaged in mining
ventures, and he has an office at Pasadena.
The detectives arrested him after he
came from Pasadena on an electric car
and took him to the station. He asked
that nothing be said of the matter then,
so the details were not given out. He
communicated with Messrs. Croft & Water
man, and the attorneys were up bright and
early to try and get him released on writ
of habeas corpus yesterday. This was de-
feated by Detective Aube swearing to a
complaint charging him with being fugi-
tive from justice. He had been taken into
custody before on the telegraphic order
from McClusky, but on the showing that
he was held by an original complaint the
writ was denied.
DIR. Forest was arraigned before Justice
Owens yesterday afternoon on a charge
of being fugitive from justice. On agree
ment the case was continued until next
Saturday. Bail was fixed at s5000 but later
reduced to $1,000, which he was unable to
furnish.
DIR. Forest takes his arrest very coolly,
and talked freely about the affair.
Il was engaged in managing a syndicate
investment company in New York" he
said, land it was perfectly legitimate.
handled no money for investors but mere
ly directed their investments. ] had a list
of brokers-J. d. Whitney & Co. and A.
Mckinney, both reputable firms on the
consolidated stock exchange, and one brok
erage firm ON the New York stock eX-
change. The investor was shown this list
and selected whatever broker he desired
to handle the transaction. He then signed
an agreement in which it was stated that
he had deposited SO much money with the
broker for the the purposes of investment,
to be directed by me. l never handled q
dollar Of money. The brokers made their
reports direct to the investor and paid me
commissions and SO notified the investors.
Whitney & Co. unfortunately failed and
no doubt some of the investors lost their
money.
II do not know for how much the firm
failed, but I do know it was a reputable
concern. My arrest is simply an attempt
of some to make me pay the money that
was lost by Whitneys failure. I Know Of
no such man as McElwee, whom ] am al
legged to have swinded out of $25O0. In fact
most of the money invested was in small
sums; just how much they aggregated 7
have no idea. The reason that l closed the |
office was that the Whitney failure put a
damper on the business. So far as my be-
Ing fugitive from justice is concerned, It |
is entirely wrong. 1 remained in New
York month or more after 1 closed the |
office and did not come away until proba- |
bly, the 1st of May. I have always gone |
under my own name and in no way have l
tried TO make my whereabouts secret. | |
would not be averse to going back to New |
York on this matter were it not on account |
Of my business being injured by it. I have |
several big mining deals on which demand |
my presence. My attorneys will of course |
determine whether l am to be taken back
or not"
Chief Glass received dispatch from Nc
Cluskey yesterday stating that a COPY of |
the indictment against DR.. Forest had |
been mailed to him. 1t is probable that a
hard fight will be made against DR.. For
ests being taken east, but the authorities
think that they will be able to hold him un-
til the arrival of the officers from New
York with requisition papers and the copy
of the indictment also gets here.
DR.. Forest married Miss Katherine Kim [
ball, the well known and charming singer
OF this city year or so ago. and has been
residing in this city for some months mast
where they have a large circle of social
and musical friends.
University Notes