The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-04-15

Company, are some of the associates
with their official descriptions.
A. j. CODE is the only Boston man.
ker." - e''iiie"' ~
Inc New York end is now under in
,Nestlgalon. The Boston end affords
niue assurance that Rigaudiere and his
scheme is right.
| Inc man who made the investigation
round that the American Investors
company had registered itself and
complied with the not too rigid re-
qulrements made of corporations about
TO 40 business as building and loan as
sociations But at 27 State street.
where the office was last alleged to be,
was only man in another line OF bus
mess, He said the company had had
an agent there, but had been dis
! charged.
This afternoon, the correspondent Of
The Spy learned that William A Ful-
Ter, Fred Wilder and Andrew Robinson
had purchased bonds. They We're to
| have been the appraisers for the local
| organization.
The bonds are pretty pieces of paper,
If they are not examined too closely.
The bond that the correspondent of
The Spy has in his possession is num-
| bered 4616. 1t carries a gilt seal two
| inches across and two of Uncle Sam S
revenue stamps, that are genuine of
worth 50 cents, before they We're can
celled.
The bond is signed N 7. Corr, CASH
Ter American Investors. The head
ing of the bond is an ornate affair. 1t
looks like a Autograph, until it is ex-
amined closely. The denomination is
$1,000 The obligors, who are the gen
tlemen referred to as the associates, Is
in number separately agree to pay to
the owner, the entire profits on his in
Vestment, up to, and not to exceed, 8
per cent; or they will pay $1,000 at the
end of 1872 months. The obligors stipu-
late to pay $6666 % of this sum, each
of them.
The owner of the bond for his part
only stipulates to pay SO a month for
each of the 1872 months. The kind asso-
ciates is willing to return $1,000 for the
use of 1896, coming to the holder in
amounts of So during a period of II
years.
Bonds are sold to at least half doz-
en- other people, whose names cannot
be secured for publication at this time.
and probably to others. Ten dollars
was the price to each.
The suspicion of the bond holders was
excited when no attempt was made to
perfect the local ORGANIZATION. This
was to have been formed week after
NJ. G.. de la Rigaudiere's departure.
Seven weeks have now elapsed, and in
vestigatiOn is the order of the day.
Rigaudiere tried to engage alawyer to
be the attorney Of the company. In
cidentally he told a great many persons
about town that the proposed organ
ization would have money to burn and
to loan. The lawyers office has been
overrun with persons who desire to bor-
row ever since. He is well convinced
the bondholders will never see their
money more, and glad he didn't go in
to the scheme. Each bond is accom-
panied with book, full of blank forms
of letter and advice. The home COM
pany is advised that so and so has de-
posted so much to- the credit of the
company,
When Rigaudiere went away he
omitted to pay part of his board bill
His chief exploit was his appearance
before Judge C. c. Stone in the district
court. He was arrested while engaged
in a street braWl, and charged with be-
ing drunk The arrest was made I'M
der the personal supervision of Thorn
as Murphy, who was chief Of police
at the time. The gentlemen referred to
as bond owners are well-knoWn here.
w. A Fuller is a large dealer in lum-
Der. Mr. Wilder and Mr.. Robinson are
builders and contractors.
1t is well settled that the Clinton
Business Mems Association will not
interfere in any way in the st. Johns
cemetery matter. The subject was in
troduced at the last meeting of the as
10,
Harrity inquired of the members, if
the association ought not to put itself
on record about the cemetery contract.
Mr.. Harrity is treasurer of the asso-
citation and recognizes the new board of
trustees.
A member of the association asked
Mr.. Harrity in what way he thought
the association should go on record. He
replied, "To see that whoever gets the
contract employs Clinton men to do the
work"
John B. O'Toole replied: 1.-The con-
tract has been awarded. The firm that
has the contract will do the work in a
proper manner" Mr.. O'Toole is a men,
Der of the original board of trustees.
The association took no action. 1t has
been rumored all the week that the
subject would be brought up at a sub
sequent meeting. A man who ought to
know said today that it would not.
Some of the members thought Mr.. Har-
rity wished to enlist the association on
the side Of Martin Murphy. One of the
strongest arguments in Mr.. Murphy's
favor has been that he would probably
employ more Clinton help than an out
side contractor would. Mr.. Murphy has
some good friends among the business
men. 1t might have happened that way
if the subject had been pressed.
Principal Andrew f. Ford, of the
high school, will sanction the plan to
have the meet of the Interscholastic
Athletic Association of Fitchburg, Leo
minister, Clinton and Gardner here, pro-
vided the boys can secure the necessary
financial backing.
No large sum of money will be re-
CURED A hundred dollars will proba-
bly, be enough. The largest single item
will be the cost of medals. At last
wears meet the medals cost in the
neighborhood of $50. Each school is eX-
pected to contribute an equal sum to
this expense Minot Bastian is donat-
ing his services as a trainer. Several