Pine Bluff daily graphic., 1902-08-22
STEPHEN ". DORSEY
MIXED UP IN A LIQUID AIR SCAN
DAL.
Former Arkansas Senator One of the
Leaders in Exploiting Tripier's
Invention.

There is a liquid air scandal in New
Yirll, and the name of former Senator
Stephen W. Dorsey. OF Arkansas, Of
Star Route fame. is associated with
the investigation that has been set
on foot by District Attorney jerome,
81 the Collapsed Tripler Liquid Air
company The stockholders are back
Of the affair. and reports are that they
desire lC ascertain what became OF
dollas Subscribed
The charges are that almost It mil
lion dollars was gotten by fraud from
the Tripler Liquid Air company by
the sale Of pool stocks instead of
the treasury stock that the purchasers
thoG5at they were buying. District
Attorney Jerome stated that he felt
forced to take active part in the mat
GER because Of the magnitude of the
alleged frauds
Chas. E. Tripler, the inventor. is i'll
at his home in New York. 1t is al
legged by the complainant that he did
not nave the patents he claimed to
have; that the company did not own
them, even if they existed, and that it
cost Is cents gallon to produce the
liquid, instead Of cents. as claimed
United States Senator John P
Zones. of Nevada former Senator
Stephen w Dorsey. of Arkansas, and
others are interested in the charge
that there was a conspiracy to COM
nit grand larceny Of the property of
the company These men We're in
charge of the company. Senator Jones
said of the Jerome inquiry. at is
l. tekmailing scheme
Albert Bach. the lawyer who made
the complaint on which the district
aItv.rey has decided to act, and who
is assisting Jerome. said: After the
ISSUANCE of the prospectus the pro-
E.oters sat down to reap the benefits
They set apart s4O00,O0O of the stock
between Cannon. Jones' Roen. Dorsey
aaG their associates. They gave Trip
lAt $500 900 of stock. and promised
% pay him S25O,0OO. and they further
agreed to set apart for the benefit of
the treasury of the company So 500 900
oc stock, which was to be sold for
7 t!,n >e :,
They sold on all possible occasions
the stock which they had issued to
the mselves. instead of the stock which
the company had for sale for the bene-
fit Of lis treasury.
In their eagerness to prevent the
can! aGy selling treasury stock they
sacrafced their personal holdings at
s., S., s. and SIS per share. and repve-
sented it as treasury stock.
John NJ Roen is the man who pro-
II oted the enterprise and got United
States Senator Jones. of Nevada, and
fGmer Senator Cannon. of Utah, and
Senator Dorsey interested to the ex-
tend that they became leaders in the
enterprise. At capitalization of $1O,-
100000 the company was incorporated
under the laws Of the state of Arizona
IN the days when the Tripler LIQUID
air discovery was being most widely
discussed, and the promises of it's
practical usefulness aroused the most
enthusiastic faith. There were 900.
600 shares al so a share.
At the conclusion of Mondays hear
ing Assistant District Attorney Train
gave as his reason for adjournment
that he did not wish to POSTPONE the
months vacation which was due him
When asked if this was not rather
unusual thing to do at the beginning
OF an important inquiry, he said:
oh. well. you know we cant charge
larceny