Omaha daily bee., 1903-03-17
KING IMPLICATED IN CRASH
Shareholders Chairman Sees Difficulty in
Prosecuting Whitaker Wright
PRISONER IS READY TO STAND TRIAL
Expresses willingness 10 waive Ex-
tradition, Though Lawyer seems
TO Oppose Return 60 England
without Legal Battle.

LONDON, March 16.-Flower. chairman OF
the shareholders committee, which insti-
gated the prosecution Of Whitaker Wright,
the director Of the London e. Globe Finance
corporation, who was arrested yesterday
on his arrival at New York from France,
says:
1 see Wright is quoted as saying he had
a powerful protector In an exalted quarter.
KEYNOTE kns5 t of the Us wb nSt n ease 70 q pr,or II rs Is t me
failure Of the London & Globe, certain
persons maintain. Wright had in his pos
English royal family showing they were
mixed up In his transactions. We have
nj dgfu q proSysbRg ro f6e Of 6n, this man Wright W gbs
world who could prove 1t. II he has such
letters they ought now to be IN the pos
suppose they searched his effects, and
Wright Is not ready to let such a powerful
weapon Of defense out OF his personal
Within a few weeks the chief issue in
the Wright case will be the, question of the
persons in the empire in wright's scheme.
We do not anticipate any difficulty in OBJ
tanning. his extradition, but If what
Wright's friends maintain turns out to be
true, his genuine prosecution will become
an extremely delicate matter.
We believe. however, that the lawyers
the bottom, regardless Of any conditions.
sympathizes with Wright.
Referring to the interview with Wright
published in the New York Herald today,
Mr.. Flower said:
1 quite sympathize with Wright, when ne
says the failure of the London & Globe
was due to the treachery Of others. There
membered that for three months prior to
the failure the London e. Globe had not
a cent in its lockers, yet 1t was doing over
G600,000 In speculation at every settlement.
The governments decision that the di-
rectors as a body could not be. proceeded
against does not prevent Wright. as the
prime factor in the rotten conditions which
existed before the failure, being made to
take the responsibility.
Mr.. Flowers guarded language makes IL
clear that King Edwar is "the exalted
person" who is supposed to be behind
Wright, this phrase always being used in
English courts when the sovereign is re-
ferred to except in a formal manner
Attorney General Finlay, 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
would be considered. His prosecution,
however, would be left in the hands OF the
official receiver OF the London q Globe
corporation.
Insists Upon Examination.
NEW 1Ofhi MafCn nen whitaker
Wright was arraigned in court his counsel
said that, although Wright was willing to
return to England, he would insist on an
examination here before doing so.
On his way to the federal building Wright
made a statement, in which he said:
I shall waive all extradition formalites
and go back to England as soon as the
government natures all arrangements.
This story about the amount of money
lost is all hOEh. The amount lost altogether |
did not exceed s4,000,0O0 This all turns to-
ward the time when the crash came. The
dividends paid out under a secured capital,
consisting of mining property, were more
than the capital itself Of the Globe COM
reg1iarities, contributed largely and was
chiefly responsible for destroying the value
of mining properties at that time when our
destroy the market values OF mining prop
The Globe company today would be on its
feet had it not been for the subway, the
underground road in London, but unfor-
tunately in an unwise moment the Globe
came. The money was ~legttimately lost.
This occurred Two years ago. l went over
ceiver and the matter was laid in all its
entirety before Parliament. Il
The attorney general told me himself
that L had a clean bill of health and was
not c~ulpable in any way. am an Eng
nshman by birth; l am an American citi.
wife in England and three are buried in
Miss Browne is my niece
and Is my sisters child. She came here to
visit friends in Philadelphia. / came here
TO examine mining properties.
waits for Britain to Act.
Wright was arraigned before United
States Commissioner Alexander, and the
hearing was adjourned until Wednesday.
Maurice Untermyer appeared for the
prisoner. Asked whether he waived ex-
Mr.. Untermyer replied:
On the contra. y and i wish to add that
my client states that personally he would
take a steamer Immediately for England
and answer these charges, but on the ad-
vice OF counsel he will walt further pro-
eedings on the part of the British govern
ment. Mr.. Wright also denies that he is a
fugitive from justice. He has been absent
from England three weeks in Paris, but In
sists he Is not a fugitive from justice.
Charles Fox, legal adviser Of the British
consulate, asked for an adjournment for
two weeks pending the arrival Of papers
from England. This was opposed by consul
for the prisoner. who. after consulting his
client, said:
I think an adjournment until Tuesday or
Wednesday will be sufficient. Mr.. Wright
insists he Is willing to return to England at
once.
Commissioner Alexander then set the
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