Evening journal., 1903-03-16
CHARGE D WITH
COLOSSAL FRAUD
w. Wright London Pro
moter, Under Arrest in
New York
CLAIMS KING EDWARD FOR FRIEND


New York. March 16.-J. Whitaker
xNrieht. the London promoter VINO is
accused OF being concerned 10 colos-
sai frauds ia connection with the or
aanization of various financial cor
Noraiions. was arrested yesteraay on
the arrival of the French lire steamer
1.a lorraine FROM Havre. The arrest
woe made hy two central oiAce de-
tectircs at the request Of the London
police
Wrieht was taken to police head
onartsrs md later to the Tombs po- |
lice court. where he was arraigned |
beforo a maeistrate and turned over
81 the United states authorities. Ho
was then taken to the Ludlow street
jail.
with Wright on the steamship was
a tan. roodlooking young woman who
said she was tho niece of the prisoner.
Her name was on the passenger list
as Miss Z. Browne. Wright when tod
that he was under arrest showed no
evidence Of excitement. and said that
ha was a friend of King Edward. His
principal concern was to avoid pub
licity. and he asked that hie arrest be
kept from the newspapers Wright
and his companion were entered on
the oririnal passenger list as NJ. An
dreoni and Mile Andreoni.
Wrieht and the young woman occu'
pied one of the finest deck suites on
the steamship, Wright was sitting at
a desl in his cabin when found by
the detectives. When addressed by
nane. he at once admitted his identity,
and on being told that he was under
arrest at the request Of the London
police. said
"That was a business transaction. /
understood that the matter was all
settled in parliament This is a sur
prise to me. / am willing to go with
YOU. An / want is to get away from
here with as little noise as possible.
Don't let the newspapers know any
about this"
fo,nancial crash OF the companies
.y whitaker Wright came in
~ 1900. There were II of
+" ieuding the parent company
en{ifle7i ffe ii6hdon and Globe FL
nance Corporation. with total CAPT
talzation OF sC0.G75.000. Wright was
was the managing director.
one of the victims of the crash was
the late Marquis of Duferin and Ava
formerly governor general of Canada
and British ambassador at Paris. lie
consented to be chairman of the Lon
don and Globe, and had $4,000 shares
in the different companies. With Lord
Duaorin on the board OF directors
were Lieutenant General Gough-Cal
thorn. who was colonel OF the Fifth
Dragon Guards and Lord Edward
William Clinton, master of the
late queens household, and son Of the
nfth Duke OF Newcastle. When the
crash came Lord Dunerin was cen
eured severely for his connection will
the Wright companies but in franl
speech to the stockholders Of the Lon
don and Globe Corporation he de
clarad his position and won the sym
pathy OF the country. His wealth, a
one time large was believed to hov
been swallowed up in these com
panies.
Much American money was lost Il
the failure of the Wright companies
There was a great outcry against tn
authorities ia not prosecuting Wrigh
and his fellow directors OF the Londo
end Globe. A fund of $4,000 wa
raised on the London Stock Exchang
70 initiate the prosecution OF Wright
Arnold White. the author at a NEE
ing. said the reason the prosecuuo
was not undertaken by the govern
ment was that the directors of th
london and Globe were sheltorin
themselves behind members of IN
royal family he added that he unde
stood q royal duke had invested h
money in the concern, and he believe
that certain hangers-on at cour
were using the name OF the king ar
others for the purpose OF hiding tao
own nofarious deeds. Other speake
at this meeting declared that u
stockholders OF the London and Glol
ere victims Of one Of the most ''tC
heartiess and gigantic swindi
present age"