Evening star., 1902-01-23
BIG SHORTAGE CHARGED
UGLY RIMORS REGARDING A CIN-
CINNATI BUSINESS MAN.
Alleged That Theodore Braemer is Be-
hind s16O,OOO in Hi. Accounts
T4&Esf sAHe Denfesi 1t. $50
= IL. "a.

A dispatch from Cincinnati yesterday
saws: Sensational reports were puolsheo
bore today of an alleged shortage IN tie
hooks of Theodore Braemer, who reslgneu
last Sunday his position as secretary anu
trea s,lrer of the J. and f. Schroth PACKING
Company. of this city. The story, as rHsl
nublished. alleged shortage OF from sloo'-
600 to s4O0.O 900, extending over period Oh
twenty wears, and claimed that Mr. Bfae-
mer had turned over all his property anu
chattels in trust, pending an examination
of the books by experts. Braemer oehleo
that there was any defalcation, but admit
red that he had -turzped $4,000 IN personal
property over to Harlan Cleveland. MS at
tornev. and Joseph w. O'Hara, attorney
for the Schroth's Company " hile braeo
rner talked freely about the case, ,ne tt
Schroths refused to say anything, anu 'he
attorneys were: also reticent. hoe
Rraemer is forty-five years old ana mas
heen with the Schroths twenty-seNeh years,
most of the time receiving 20 per meeh as
hookkeeper and in recent years twice lhat
much as secretary and treasurer. me urn
did business of about $1No.ooo year.
which was handled by Braemer.
When John Schroth died, more that "
year ago Lieutenant Governor Carr Mp
merit became the attorney of his heirs, WHO
instituted an investigation of the company:
This finally eliminated In meeting OF az
interested parties last Sunday, at which
Braemer resigned, and from whfch the SER
sational reports of today emanated,
Lieutenant Governor Nippert, attorney
for the heirs of John Schroth, rs engaged
with the legislature at Columous, "HlIe
Harlan Cleveland, attorney for Braemer
and John w. O'Hara attorney for the COM
pany and also trustees are engaged Wlth
the experts in examining the DOCKS. Inc
accountants insist that they cannot COM
plete their work for two or three weeks,
"a
can be made until that time.
No reports of similar character ever
created such sensation In this city, as
Mr. Braemer always has been regarded as
q man of the highest business and social
standing He owns one of the finest resi-
dences in the city and it is furnished with
all that art can supply. In the sensational
reports that have been published no ref
erence is made to him as having any bad
habits, such are usually coupled with
such sensations. The attorneys and other
interested persons will give no assurance
that the report of the experts on the exam
ination of the books Will be made public
when completed. as they state that every
possible difference has already been adjust
ed satisfactorily by the property that
Braemer has turned over IN trust. All
those interested state that they expected
after the meeting last Sunday. at which
Braemer resigned, that all differences would
be settled without the matter ever becom-
ing public.
ney. Harlan Cleveland, and with Joseph W.
O'Hara, attorney for the Schroth Packing
Company, were to the general effect that
published accounts Of the discrepancies"
will fall short of the sum reported. That
Braemer is actually short in his accounts
is denied, and II is claimed that Braemer
transferred property to trustees, and not
to the Schroth estate. pending more def
mite arrangement of matters between
Braemer. as secretary and treasurer OF the
Schroth concern, and the company.
Braemer said that he had transferred
to the trustees 1000 in Standard Oil and
Cincinnati Gas and Electric stock. This.
he said, would amply cover any errors
which might be found on the books.
I'll tell you the truth OF the matter"
said Braemer. The old man and I have
been fighting for about ak months. and 1
concluded to quit. and ! resigned Sunday.
Some errors had been discovered in the
books, and 1t was mutually agreed to have
an expert look over them. In order to in
demnify the company. Attorneys Cleveland
and OHara were appointed trustees of my
estate. and turned over to them the $72,-
600 I'm stocks If any shortage is found /
will be to blame. My salary was $50 a
week. and had been for the last ten years
I owned $4,000 worth OF stock in the COM
pany. In conclusion, wish to state that
IL there is any shortage know nothing OF
IL"