New-York tribune., 1902-05-15
A. l.. MEYER SURRENDERS.
GIVES BAIL UNDER ORDER OF ARREST
ISSUED on MAY 3

Arthur l. Meyer who has been prominent in
the organization and management of several OF
q group OF companies the stocks of which had
sensational collapse in price a fortnight ago
yesterday called at the Sheriffs office and sur
rendered himself under the order of arrest is
sued on May 10y Justice Giegerich. of the
Supreme Court. in a civil action. Bail was fixed
in the sum Of $1,000. the bond Of the American
Surety Company for which amount was ac-
cepted by the Sheriff.
When the papers in the case were, after long
delay. made accessible the reporters through
being filed in the County Clerks office. it was
found that the action in which the order of ar
rest had been granted had been brought by
David Rosenberg. Of No. 1SS Henry-st., against
a. L. Meyer Robert Offenbach. Benjamin P.
Moore and John d. EIwelI and that he claims
that he was damaged TO The extent Of 5000 by
an alleged conspiracy to unload preferred stock
Of the Rutland Railroad Company on the pub
lie at a price greater than its real worth.
The order Of arrest signed by Justice
Giegerch the application Of Pierre Nj. Brown,
of the Corbn Building Broadway and John-st'
attorney for the plaintiff.
While the four named defendants are sued.
all the names were stricken with a pen from the
order except that of Arthur l. Meyer.
The complaint recites the charge that early
Meyer. owners of the preferred capital stock
OF the Rutland Railway. made and entered into
A conspiracy having its object the unloading
OF the stock on the public at price greatly in
excess Of its real value. To that end the firm
of Offenbach & Moore organized by the de
PENDANTS. The said Webb and Arthur L. Meyer
furnished the stock to the defendants. and by
means Of fictitious transactions upon the Stock
Exchange. conducted from March l. 1902, to
- .l,r, rrI,
one broker would sell the said stock and through
another would purchase the same stock fic-
titious price was created for the said stock in
the neighborhood of $40 a share. Thereupon
the said defendants. through themselves and
their agents. urged the public to purchase the
said stock, and among others the plaintiff.
That Bernard Uhren one Of the
agents of the defendants in said
spiracy and at the instance of the de
PENDANTS urged and requested the plaintin
TO purchase or about the middle of March
one hundred shares of the said stock Sl2O
share. and in the middle of April fifty shares
of the said stock at S122 80 and the said Uhren.
at the instance of the defendants. falsely and
fraudulently represented TO the plaintiff that the
said stock valuable stock, and was worth
and would sell at $50 a share; that. relying
upon the said representations of the defendants,
through the said Chren. believing the and
not otherwise, the plaintiff made the said pur-
chases.
THAT the said representations were false and
untrue, and known by the defendants and each
of them TO be false and untrue; that the said
stock is not worth $50. but at that time
and is worth not than $50. That the
stock purchased by the plaintiff sold to
the plaintiff by the defendants themselves"
The plaintiff further alleges that he paid SIS
13I 30 for the stock, and that is worth 5000
less than that, for which sum he demands judg-
ment
Bernard Uhren makes affidavit that the de
fendant Arthur L. Meyer is a stock manipu-
Iator." He says that he employed by Often
bach & Moore as a clerk and bookkeeper in De-
cember last and that on April John D. Elwell
told him that he, with the other defendants,
had scheme to unload upon the public the
preferred stock Of the Rutland Railroad, which
was practically all owned by Webb and Meyer
and was under the immediate control of Meyer"
Pursuant to this alleged scheme Uhren says
that he was instructed TO buy the stock
margins. and that he purchased 1000 shares
from Henry Sproul & Co. of No 80 Rroad-st
on an per cent margin. and that they pur-
chased the same stock from the defendants for
Sl20,000. on April 10 he purchased 800 shares
from Hurlbutt. Hatch & Co. Of No. II Broad
way. Z per cent margin, and on April IL
500 shares from G. Sidenberg & Kraus. on an
= per cent margin.
Uhren alleges that April % he was sent
by Onenbach & Moore Boston to purchase
10000 shares Of the Rutland stock on margin
and that he arranged to buy such stock from
W. Waldo Merrill & co. F. ". Prince e. CO.
Bowker. Longley & Co. and Hayden. Stone &,
Co. hut that he received instructions from the
firm to cancel the orders
while | WAS working hoOkkeeper of the
firm. lbren says, II WAS instructed give.
and / did give. matched orders one to Judson
Judson 10 buy the stock, and one Webb
Prall 10 sell the stock
Mr. Meyer At his office in the Board
Exchange Building late yesterday afternoon,
but declined to make any statement
The investigating committee. of which r.
Chauncey Anderson is chairman. held a short
meeting yesterday afternoon, and is understood
TO have made some progress On the work which
fl has mapped out for itself Mr.. Anderson.
however. refused to discuss this al any length
He said, in answer to a question. that the
mittee not in communication with DR..
Webb. Several holders of stocks in the com
panies represented the committee have sent
their addresses TO Mr.. Anderson, in response TO
the invitation which he gave Tuesday night
but they have NOT yet obtained any information
OF value regarding their holdings At the offices
Of the companies il said yesterday after
noon that a statement might be issued to-day
regarding some OF the points which stock
holders have been asking lately for enlighten-
ment.
spPESTEn ~ 000 HuJT nDEA