The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-10-18
D. LEROY DRESSER RUINED BY scHwAB, TELLS SECRETS

. Jh" Hyi. wiudlazs Company. Tor Ss.E" 70
Fr no cash and cuTitiyS.
'-''Cung- Increasing the capital stock wI
o." Eiiei States SEiGbuliIin= Company
from Ni.'asi fu Nf-wur-n
3 tLT1- Authorizing 81. issue &c S'"''''-
. 49, hTS' -uurt=IEs I9.gl-
EouTtt-AuJhuTiZin tine purcht~' 90 the
f f"ihlrilNm plant from = T.. Morgan q
CO. uld Charles NJ Sruwuh for Sa1-''''"
. IE ~rcEritie-.
. Fifth-AuIhorizius ,E,. Issue. ur SIHu'ft-'
. SECOND -TuurigG-. bonds Zee De- pal. tn
3 ,Harlts VI. Schwah Cor Jh- E,'hiyh' M
. SiNth-Giyiur schwaU-- Novo"a ur Soc
nni-mortEag" bonds ruJIug power on the
same bI,5i~ as the stock
Il D uuI now THE puTuo~. OF tho com
i TiairlnE first mortgage bond holders or
/ tlr uarriNrr tp attack iu the courts all
. vt the acts "f tbs professional hoy ui-
ieyi"IS- as that would all Tor If' com
. piete aiSlutv-rIi!nu uf ;h- shipi's:.diuE
company AMI produce "h.'s. livt % -
F thg IuTpn-H Goo institute prHgs ceilings WhlEu
VIII auuul either th, e1Luu."t' uf =tuci-
ur the Sl""'n'y" "f bnuiS given to ScnWah.
and render ImIu~~it o. th, carrying uHt az
. the Sheldon reorganization scheme
FISH To TESTIFY.
Stuyyc>..ut Fish. president 81 ,h, Iui-
nOis Central Railroad. 10 developed to-day,
will De 81 witness in tine hearing before
United State Examiner pliuh3lr- Nj.
Fish is q friend OF Il. Leroy Dresser. he
and other influential me. who believe
t!lat AlT Dresser Wa imposed upon 3uu
treated unfairly iu Ih- ~hiphuiluiu- mat
ter. are determined TO Sa- that the tru"
! IactS in the ease ar, presented before
4 the public In q manner that will leave n"
doubt 1S 20 who J. responsible fpT th'.
scandal other motive aytuat" Nr- Fish,
though.
When the underwriting syndicate w4-
l first formed. h. % Is said. advised several
friends TO subscribe Co the b.vns al -
( They took about liHG'p wnEth. When the
company collapsed and the bonds dropped
Mr., Fish. II j. said. went into his own
pocket anG reimbursed hi~ friends for their
lOssSt.<
Lewis Nixon will he th. first witness
when the hearing Is resumed "Wednesday.
Ih.r- i~ much curiosity To know the attI-
tue" BE- VIII assume on tho stand II"
MS~ closely 5ss"riated with MT. Dresser
throughout thr Bethlehem deal and later
opposed SrhWub's- directors zoo the ship
building company His Symparhir~. 81 i
said. are al with Dresser. but a great
many vf his business interests ar.s inter
locked with thos1 dominated by Schwsth.
II II known that he & i'm position 10
tell everything concerning the company.
even IN, amount paid fur each 81 the sui-
-i1ilrE concerns. II h. proves TO b. ID Will
INK witness every secret viii BE- laid hstrv
Tut if NJ takes AN tiysr~-- stand tho work
of the. hearing. which H. probably AN i'm
vt-tiEaJiUn. VIII h. considerably length
eu.d
Much mystery exists as tv ths dominant
Interests iu the Corporation Trust COM
UIuy uf New Jersey. which supplied dunn
mics for the ShIuhuilliug plant and FUR
concerns the Franklin Syudirrlt-. fUr
connection with which colonel Rub Am
men and William Muir ar. now doing
time N Sing sing Prison. IL waS declared
hy some peopl" ON Wall street Yesterday
that majority uf 1ht stock a. this COZ
% ration IS owned by Charles NJ. SchWRb
AMI Max Pam. The Chicago law firm -
Pam. Calhoun * Glennon Is counsel for
the company IN the West The. counsel
for the company in the East Is Alexander
& Green. who figured extensively in Mr..
lfr, s=Ser.- disclosures about the promotion
and underwriting 0f th- shiubuiIding COM
Tauy.
II was Alexander & Green who sent in
struCJ.UnS and resolutions 10 In. Board nf
= ; Directors when they held meetings. Il
was also Alexander n Green who dis
UlhUt,t the checks and securities TO the
different C"ustitut nt companies Tor the
;lnquntS Tor which they were sold 10 the
Shtpbuil1iuE COMPANY Curiotsly enough.
Max Pam il SchWab'S personal attorney.
afld Pam, Calhoun * GlsnnOn were Couil-
sci n the sheldon reorganization commit
lee which seeks 10 reOrganize the ship
building company.