The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-03-17
London Representative of Globe
Stockholders Says This Is the
Key to the Whole Matter.
PRISONER WILLING TO RETURN.
Declares He Has Done Nothing
Which Has Not Been Scruti-
nized by the Proper Off
Gals in Great Britain.

London March 16.-John Flower. chairman
of the Shareholders Committee. which in
stigated the prosecution of Whitaker
Wright the director of the London and
Globe Finance Corporation. says:
L see Wright is quoted as saving he had
a powerful protector in an exalted quarter.
That statement Is not new to us. 1t is the
keynote of the whole case.
Prior to the failure of the London ana
Globe, certain persons maintain, Wright
had in his possession letters from Leading
members of the English royal family,
actions. We have no documentary PROOF or
this. Wright himself is probably the only
man in the world who could tb prove ourbt
to be in the hands Of the police, as We sup
pose they searched his effects and Wright,
is not likely to let such a powerful weapon
OF defense out Of his personal Keeping
EXALTED PARSONAGE.
within q few weeks the chief issue in
the Wright case will be the question OF the
completely or otherwise OF the most exalted
persons in the Empire in WriShtS schemes.
I'VE do not anticipate any difficulty In OBJ
tanning his extradition. but if what Wrishts
friends maintain turns out to be true ms
genuine prosecution will become an ex-
tremely delicate matter. We believe, now,
ever that the lawyers at present engaged
will sift the matter to the bottom regard
Referring to the interview with Wright
published in the New York Herald to-day
Mr.: Flower said: til, 1-.;rt. r,or
he SAYS the failure of the London and
Globe was dre to the treachery OF Others.
There is no doubt Of that but IL m nriSr pc
the failure the London and Globe had not
a cent in its lockers, yet it was doing over
half million pounds IN specuia'ioi at
The Governments decision that the direct
ors az body could not be proceeded against
does not prevent Wright, as the prime primes, 1ao s
in the rotten conditions which existed pc
fore the failure. being made TO take the
Attorney General Finley, in the House of
Commons this afternoon, said the Crown
would pay the cost of the extradition of
Wright and the payment by the Crown OF
the whole expenses of the proceedings
ever. would be left in the hands Of the Of
fetal receiver of the London and Globe Cor
poration.
WRIGHT ARRAIGNED.
REPUBLIC SPECIAL.
New York. March 1s.-Whitaker Wright.
the London promoter who was arrested yes
terday on his arrival here the French
liner La Lorraine. was arraigned before
United States Commissioner Alexander in
the Federal building to-day. charged with
attempting to defraud the stockholders of
the London and Globe Financial Corpora
ton.
Sir Percy sandrson, the British Consul
General, who is attempting to secure the
extradition of Wright. appeared in person
against the prisoner.
Commissioner Alexander decided to give
Wright until Wednesday to decide whether
he would waive all proceedings in the mat
ter and return to England or fight extradi-
tion. Wright. in statement to-day de-
elared that he was innocent of all wrong
doing.
This story about the amount of money
lost is all bosh." he said "The amount
lost altogether did not exceed 4Oco. COO
This all turns toward the time when the
crash came. The dividends paid out under
q secured capital, consisting of mining
property: amounted to more than the cap
ttal Itself of the Globe company. The Boer
war. with its financial irregularities. con-
tributed largely. and was chiefly RESPONSE
Bile for destroying the value of mining prop
critics. at that time. when our assets were
destroy for the time being the market val
ues of mining properties.
BAD INVESTMENT.
The Globe Company to-day would be on
Its feet had 1t not been for the subway tha
Underground road in London. but unfortu-
nfateiy. In an unWise moment. the Globe
became interested in this. and the crash
came. The money was legitimately lost
ms occurred two years ago.
Il went over the books carefully myself
In Its entirety, before Parliament The At
torney General for the Crown told me him
self that had a clean bill Of health, and
was not culpable in any way.
children living with my wife in England
and three are buried in Philadelphia where
my mother is also buried. Miss Browne is
here 20 visit friends In Philadelphia. I came
here to examine mining properties. / shall
waive all extradition formalities and 20
back, back to ENGLAND as soon as the Govern
Upon Wright. when he arrived, were
found f730 In bank notes.