The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-01-23
CINCINNATI SENSATION.
,ropOHE BRAEMER SAID TO BE
SHORT S4OO,0OO.

v.ccivcd small salary hut Was
rouiuent In business and Social
tiles and Lived in Handsome
.tdeuce-Han Million
no,1ar business on a salary OF
s.o Per Week. mud Was Regarded
Very Capable Business Man.
nj. property Placed in Hands of
trustees.
,in,innati, O., Jan. 22.-Sensational
..norts were published here to-day of
an alleged shortage in the books of
rhoodore Braemer. who resigned last
sunday his position as secretary and
.rassurer Of the J. and f. Schroth
packing Company of THIS city. The
.,o., as first published, alleged a
sbortage of from 100000 to 100000,
,vtending over period of twenty
Years and claimed that Mr.: Braemer
had turned over all of his property and
cbattels in trust pending an examina-
linn of the books by experts. Braemer
denied that there was any defalcation
but admitted that he had turned $72, 900
in personal property over to Harlan
cleveland, his attorney, and Joseph w.
o'tIara. attorney for the Schroth Com
many. While Braemer talked freely
about the case, the Schroths refused
to say anything, and the attorneys
were also reticent.
Braemer is As years old and has been
with the Schroths twenty-seven years,
as bookkeeper and in recent years
twice that much as secretary and
treasurer. The firm did a business of
about million dollars year, which
was handled by Braemer.
When John Schroth died more than
year ago. Lieut.. Gov. Nippert became
the attorney of his heirs, who instituted
an Investigation of the company. This
finally eliminated in a meeting of all
interested parties last Sunday, at
which Braemer resigned, and from
which the sensational reports of to-
day emanated.
Harlan Cleveland, attorney for Brae-
mer. and j. w. O'Hara, attorney for
the company and also trustees, are en-
gagged with the experts in examining
the books. The accountants insist
that they cannot complete their work
for two or three weeks and counsel
say that no reliable statement can be
made until that time.
No reports of similar character ever
created such a sensation in this city,
as Mr.. Bramer always has been re-
garded as a man of the highest busl-
ness and social standing. He owns one
Of the finest residences in the city and
it is furnished with all that art can
supply. In the sensational reports that
have been published no reference is
made to him as having any bad hab-
its The attorneys and other inter-
ested persons will give no assurance
that the report of the experts on the
examination of the books will be made
public when completed, as they state
that every possible difference has al
ready been adjusted satisfactorily by
the property that Braemer has turned
over in trust.
Braemers' Explanation.
Braemer said that he had transferred
TO the trustees $4,000, including Stand
ard Oil and Concinnati Gas and Elec-
trio Light stock. This. he said, would
amply cover any error which might
be found on the books.
I'm tell you the truth of the mat
ter said Braemer. 1.-THE old man"
and ] have been fighting for about six
months and | concluded to quit, and
| resigned Sunday. Some errors had
been discovered in the books and it
was mutually agreed to have an expert
go over them. In order to indemnify
the company Attorneys Cleveland and
O'Hara were appointed trustees of my
estate, and / turned over to them the
$4,000 in stocks. If any shortage is
found | will be to blame. My salary
was $50 a week, and had been for the
past ten years. I owned $4,000 worth
of stock in the company. In conclu-
sion ] wish to state that if there is any
shortage l know nothing of it."