The Middleburgh post. [volume] (Middleburgh, Snyder Co., Pa.) 1883-1916, 1903-03-26
J. ". WRIGHT ARRESTED
London Promoter, Charged With c.
l3ssal Frauds, Held at New York.
CLAIMS KING EDWARD AS FRIEND
Wright Is Charged With Wreeking
Concern Capitalized at seo,675,ooo.
Members Of Royal Family May Be
Connected With Gigantic Swindle.


Connected With Gigantic Swindle.
New York. March l6.-J. Whitaker
Wright. the London promoter who is
accused of being concerned in colos-
sal frauds in connection with the or
ganization of various financial cor
porations, was arrested yesterday on
the arrival of the French line steamer
La Lorraine from Havre. The arrest
was made by two central office de-
tectives at the request of the London
police.
Wright was taken to police head.
quarters and later to the Tombs po-
lice court. where he was arraigned
before a magistrate and turned over
TO the United States authorities. He
was then taken to the Ludlow street
Jail.
With Wright on the steamship was
a tall. good.looking young woman, VINO
said she was the niece OF the prisoner
Her name was on the passenger list
as Miss r. Browne. Wright when told
that he was under arrest showed no
evidence of excitement, and said that
he was a friend OF King Edward. His
principal concern was to avoid pup
licity. and he asked that his arrest be
kent from the newspapers. Wright
and his companion were entered on
the original passenger list as NJ. An
dreoni and Mile Andreoni.
Wright and the young woman occu'
MED one of the finest deck suites on
the steamship. Wright was sitting at
a desk in his cabin when found by
the detectives. When addressed by
name, 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 business transaction.
understood that the matter was a.!
settled in parliament. This is sur
prise to me. | am willing to go with
YOU. All want is to get away from
here with as little noise as possible
Don't let the newspapers know any
thing about this
Tie financial crash of the Companie'
foated by Whitaker Wright came II
December, 1900. There were IL OF
these, including the parent company
entitled the London and Globe Fl
nance Corporation, with total capi
talization of $50, $4,000. Wright wa!
was the managing director.
One of the victims of the crash wa
the late Marquis of Dufferin and Ava
formerly governor general of Canad;
and British ambassador at Paris. HI
consented to be chairman of the Lon
doS and Globe, and bad $4,000 share
in the different companies. With Lor'
Duffetin on the board of director
were Lieutenant General Gough-Ca'
thorn. who was colonel of the FIT
Dragon Guards. and Lord Edwar
William PelhamC Clinton, master OF tn
late queens household, and son of tn
fifth Duke of Newcastle. When III
crash came Lord Dufferin was cer
sured severely for his connection wit
the Wright companies, but in fran
speech to the stockholders of the Lor
don and Globe Corporation he do
clared his position and won the syn
pathy of the country. His wealth, q
one time large. was believed to hav
been swallowed up in these con
panies.
Much American money was lost
the failure of the Wright companie
There was a great outcry against IN
authorities in not prosecuting Wrigl
and his fellow directors of the LOndo
and Globe. A fund Of s25,000 wa
raised on the London Stock Exchang
TO initiate the prosecution Of Wrigh
Arnold White, the author, at NEE
ing. said the reason the prosecute
was not undertaken by the COVER
ment was that the directors OF II
London and Globe were shelterir
themselves behind members Of II
royal family. He added that he unde
stood royal duke had invested h
money in the concern. and he believe
that certain hangers-Sn at cour
were using the name of the king ar
others for the purpose OF hiding the
own nefarious deeds. Other speake
at this meeting declared that Il
stockholders OF the London and Glol
were victims OF one Of the most "te
rible, heartless and gigantic swindl
Of the present age"