Evening journal., 1899-05-09
Err GER ARRESTED
FORMER WILMINGTON MAN FL
NlAa-BY TRACED TO LOS ANGB-
LES.

FORMER WILMINGTON MAN FL
NAa-BY TRACED TO LOS AlNGE-
LES.
DR.. Hans H0ege,sbergm, lcrmriy OF
this city, who has been arrested at Les
Angeles, charged with THE larceny OF
$500 from Ermast S. May, "a hotel and
RESTAURANT keeper at NO. 80 West
wenty-eighth street, New York, was
the sole stakeholder and an the off
GERS but ONE OF the Investors Guaran-
tee and Trust Company" whose Offices
were opened last December in Lord's
Court, 40 Exchange place. New York.
On the stationery Oh the concern Hoeg-
elsbeGgsr was tine preslllsnt, and a man
lcalled II. c. Lungnem was THE tIeasurer,
and THE company was ancorpcraal UNI
dar the laws of West Virginia with d
capgtas CT $l,OOO000
HaNlrlg opened offices, HoegelsbeT-
ger used the mails to boom his enter
Prise His advertisements stated that
his company had been crganllzsd TO do
a commission business i'm stocks, tOads,
grain and provisions, and to invest
moaNy i'm such way THAT the vnv5stOr
would get wonderful returns, and that
the results Of Investments made by the
company were almost mathdmaticaly
certain" Hoegelsberger sent his oirIu-
lars all over 1.-The country, especially 10
Chicago, st. Louis, Louisville, Kansas
City, San Francisco and Los Angeles.
Plenty of credulous persons sent
money TO HIM to invest, IN small sums
ait first. According to the advertise
men.s interest ON Investments was pay
able monthly, and patrons OF The COM
pany were to share in the dividends en-
uhe company's stock. According TO the
lEcl.ice, Hoege,Ebsrger took out of each
ccnsignement of money he received and
| aant back to THE investor a sum
eqnivalant to inaerest at THE rate OF !
lpsr cent. or per cent. month On
THE amount sent for investment and
put the rest in his pocket Such pro
oedare almost always brought an ac-
acknowledgement from the investor, with
mCre money to- be invested. On Decelml
lter 90, 1898, HJegelsberger sent ont a
circular to his customers stating that
the total profits paid to stockholders
IN 1898 had been PSI per cent en- the
amcegnt invested On March % lasl
another circular was sent out stating
that fine board CT directors" had de-
Glazed a dividend of / per cent. ON tht
/ 'iprefcrned stock" fer the month OF
March, and that ghe special earnings
for THAT month to investors VIC e IA pea
iceint. net ON the amount invested.
May gave Hoege,sberger $500, will
orders to buy 300 shares OF the pre-
ferred stock of the Unified States Rub
/, hCr Company THE $1,000 was Mayi
mang'n. The stock was bought Ma.
says. at 1O1 and by his orders sold on
April III last at us. About thlat tim
4, iloeeeisberger shut up shop ara disap
peaIed. and instead of paying May hi
SS.1 100. sent aim. a circular eXp,ainln,
, that all was lost, and concluding:
81 was q fool to think l could bea
i THE marhdt and make a fortune 70
yom and me, but you will hc.dIy b
mere successful. You emily lose a fey
= dollars, whi.e u lose my vcrV eX
+ istence."
May reported the case to Cap ain Nc
a Clus.ky, and Iloegelsberger was trace
y TO Lis Amgeles and aru5stel CaWai
4 A1cCluslSy Said yesterday THAT fIisn
I, lof Mays named Young had bee
= caught for more THAN doulble tn
amount May had ,ost. and that
grsat number of working g'r.B am
Screrhs had also been caught M,
Clmslxy said THAT HE beJievat Hccgel
bcmger had got as mulch as 800 600 on
D lOf his customers. He viii be hrOugi
R ITO New York.