The Montgomery advertiser., 1902-01-23
$l6O,00O. % TO $400, ,000.00
Some Time Necessary to Go
 Over Accounts.
The Suspected Man Has Herstofors Been Held in the Highest
 Esteem--No Charges of Fast Living.

Cincinnati, Jan. 22.-Sensational reports were published here today of an alleged
 shortage in the books of Theodore Braem- CT, who, resigned last Sunday as Secre- tary and Treasurer of the J. and F.
 schroth Packing Company of this city. The story as first published estimated q | shortage Of from siso.ooo to s4oo.0oo ex- tending over a psriod of twenty years. and claimed that Mir. Braemer had turn 7 ed over all his property and chattels in
 trust pending an examination of the books by experts.
 Braemer denied that there was any de- | falcation, but admitted that he had turned $72.ooo in personal property over to Harlan Cleveland. his attorney. and Jo- l seph w. O'Hara, attorney for the J. and F. Schroth Company. While Braerper talked freely about the case. the schrotha refused to say anything. and the attor- neys were also reticent l Braemer is 45 years of age and has been | with the Schroths twenty-seven years most of the time receiving $25 per week | as hookkeeper and in recent years twice that much as Secretary and Treasurer. | The firm did business of about a mil- I lion dollars per year, which was coi- ] lected by Braemer.
 Braemer Resigns When John Schroth died over a year I ago.. Lieutenant-G Governor Carl Nippert became the attorney of his heirs, who Il instituted an investigation of the conn pany. which culminated in q meeting of all interested parties last Sunday, at
 which Braemer resigned. and from which the sensational reports of today |, emanated. x The accountarts insist that they cannot complete their work for two or three
 weeks and counsel say that no reliable | atnterueiak can be made until that time-s No reports of similar character ever created such sensation in this city, as MT, Braemer always has been regarded
 as a man of the highest business and so- cial standing. He owns one Of the finest
 residences in the city, and it is furnished
 with all that art could supply In all | of the sensational reports that have been
 nublighed. no reference is made to him Il as a fast man or as having any bad
 habits The attorneys and others inter-
 ested state that every possible ainerence
 has already been adjusted satisfactory
 bv the property that Braemer has turn
 ed over in trust.
 | Interview With Braemer.
 The Times-star today publishes the
 following interview with Theodore
 "so they say I am short s4oo.ooo. do
 theyr'
 | "Yes."
 .'Well, it is not true." .. tThey say my house cost siA''"O' Nss cost about $25,00o.
 'TIas anything that you did own been | transferred to any one recently. | "I'u tell you the truth of the whole matter. The old man and have been l fighting for the past six months ana l concluded to quit I was about to say l there had been some errors in the books | and some time ago it was mutually | agreed to have an expert go over thens | Some more errors were found ana as | precautionary measure and to indemnity the company, Hariand Cleveland and Joe OHara, the attorneys, were appointed | trustees of my estate. I have turned | over to these gentlemen purely as btisi- ness measure 100 shares of Standard oil l Company stock. which are worth about $60, 900, and my holdings in Cincinnati | Gas and Electric stock. amounting to about $l2,oOO. That is all have turned | over to them. | books be completed?" | '.In about two weeks, should Judge.@
 "If shortage is found in the books | will you be to blameT l Solely, because nao charge or the books. have no desire to shift any responsibility.
 "How long have you been with the | Schroth Company"
 About twenty-seven years"
 What has been your salary recently?"
 Fifty dollars week." ~
 How long have you been receiving | this salary?''
 About ten years"
 How much stock in the company do l you own?"
 Fifteen thousand dollars"
 "Then you wish to deny again that you | are short in your accountsT" 1 T wish to say emphatically that If
 there is any shortage know nothing of | It."
 ''was there a conference Sunday at
 which the Schroth heirs, yourself and At
 torney Carl Nippert was present?' l Yes"
 1 What transpired there?" we talked over affairs and I rendered my resignation"
 ! "Was anything said about granting you | immunity from prosecution if you would make good any shortage that might ap- | pear on the books? No; volunteered to turn over enough securities to cover any thing that the l company might lose through clerical errors in keeping the books.