The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-12-12
OFFERED loans Ar low RATES.
q. W. Roper, President or Three Concerns,
Arrrstrd for MisusinR the MaiI..

ArrrNrd Tor MIsusinR the Mails.
Post Ofrlco Inspector ". u Snow and Deputy
United States Marshal John ]. Garside Wis
tied rooms ~ ana II In the London and Liver
pool and Globe building In Newark yesterday
and arrested Osmer ". Roper. President Of the
Realty Loan and Trust Com rany. the Realty Cor
poration Company OF New Jersey and the Four
Per Cent Mortgage Company for misuse OF
the mails. Roper lives In a fine house in South
that he has made nearly one hundred thous-
and dollars in two or three years.
when arrested yesterday he became nervous
and appeared an xious to save his check book.
but II was taken from him and placed with
four malbags full OF papers and looks which
the inspector secured. Two women stem
| ographers and two assistants In the office were
permitted 10 60 after the place was stripped
Roper telephoned 10 his family that an i'm
| portant engagement would keep him from
home for an indefinite time. He had been told
by Deputy Marshal Gai side that Com iss oner
Whitehead had decided upon SlOOm hni but
| later the bail was reduced to 5000. He went
| to jail There are nifty complaints against him
| and the officials ray that loo more could -a-ily
| be procured and will probably come in vol
| unfairly after the exposure
hopsr as s,i a 81 ,he kesy
| and real estate dealers Offering loans AT low
| rate OF interest and asking them TO interest
sums ne had at His command when an nppTi-
cation came Tor loan the would-be borrower
| WAS told that II would bc necessary to send n
| fee OF $40 for hpprasement and a fixed
| amount for searching titles. This being
complied with tn" applicant WAS told
| that he must subscribe for shares in the Realty
| Loan and Trust Company To- the extent OF :
per cent: OF the amount he desired to borrow
| and bid for a loan within a reasonable time
| he would get notice that at the last apporton-
| meut h- was outbldden for the loan aud that
| II would be necessary to bid again and
! pay an additional per cont. When
! the victim eXpostulared he was informed
that he was a subscriber, but could Withdraw
| by giving twelve months notice AMI would
! receive u certain per cent al the money eN-
pended At this point most OF the subscribers
became Disguised and relinpuished the quest.
| Roper, II II said made money not only upon
the lapses, but upon the fees, AMI IL Is said that
| II" has never ma e n real loan in all the time
| that h" has been In business.
| E"cted with II mutual building and loan com
| pany In Jersey City and the Newark officials
| say that he was locked M there and ohtaine ed
| his release through the death OF n witness
| They say also that he was locked up for three
| years In tharlrstown. Mass, for con IuctinE
| frau 'ulent commission business In the
| present instance the postal authorities have
| loans and u mass OF records and blank station
| cry. The letters coming in with money VIII I've
| returned 10 the s"nd"rs
| Roper had y thir company In Newark. called
| tn" Four Percent Mortgage Company and II Is
| sail that h" used Il In connection with the
! Then h" unloadcd upon somebody elise. In hi.
| lonn companies he had other names assoc atcd
| with his. hut the authorities would not give
| them out yesterday.