New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-09-02
Capitalist Who Vas Indicted for
Theft Clears Himself.

Milwaukee Sept Charles F. Pfster the capt.
talis who indicted three weeks ago by the
grand jury the c.arge OF having stolen N4oD
which had been placed in his hands by the Wis
consn Rendering Company. will make public to-
morrow morning a statement showing the manner
in which sc5 600 which he had held for the COM
pany dsbursed
After the indictment was returned the president of
the rendering company denied that Mr. Phster had
| misappropriated any OF it's money. and since then
the company has made full payment on notes held
against il by Mr. Pfster without offering coun
ter claim The insnuation however. has been cir
cuated that the money il not Incorporated, was
used for corrupt purposes by Mr.. Fhster
The statement issued is corroborated by the
bank record, showing Mr.. Pfster's personal
count, by statement signed by President F. &
Genoss Joseph Schaff and Louis Schoyer, of the
Wisconsin rendering Company, and also by state
ment signed by John J. Crilley, the contractor to
whom most OF the paid
Crilley, in acknowledging the payments 10 him.
| explains that the time the city contract was
| awarded to his firm he found himself unable to
into the contract account of lack of funds
| He then entered into an agreement with the Wis
| consin RendeIing Company, which had an estao-
ished plant at Mequon. that If that company would
put up s25 900 with responsible man. out or
which to be paid the expenses Crilley was put
to in connection with the contract the work would
| be turned the rendering company.
| Mr.. Pfster selected the custodian of this
| fund. He had interest with any OF the bidders
| ana PAID out the money IN accordance Win the
orders of the parties interested, and had nothing to
! do with it further None of this money, Crilley
/ states. was used for unlawful purposes.
The payments show conclusvey that Mr.. Phster
did not steal any of the rendering companys money
and also that he did not any Of it in an inn
proper manner A supplemental statement by Mr..
Pfster's attorney dscoses the fact that when the
grand jury had the indictment under consideration
two of it's members. together with District Attor
ney F. E. McGovern, visited the First National
1 otcrin
to examine his account.
The visitors found the entry showing the deposit
OF SIS 600 In July, 1897 apparently disresarded
entries the same page showing the payments OF
5000 and 5000 respectively to Crilley. Nor did
they call upon Mr. Phster for any explanation
which would readily have put them in possession
of facts showing the charge Of theft TO be without
foundation.
The statement now issued seems to show there IS
basis neither for the indictment a charge OF
larceny, for the accusations that the money
held by Mr. Ffster used by him corrupty. Mr.
Phster's statement showing the disbursements, Is
follows:
Wisconsin t Rendering Company placed in my hands
hs s %o to john rey o as
1891 to John J. Crey g co., o ,st soi lss7 to
%aSsa = iss nssr,5G Sstjsne
EaSs T sssGu9 so Wisconsin rendering COMPANY
payments made at the
Company. and in accordance with the agreement
under which the money was left with me l had
efforts made by any to secure the garbage con
IRE to in the he d W b a.ndenR
panys plant at other place; I acted merely
ested, received no compensation, and knew nothing
about the items going to make up the amounts paid
suggestion that this money or any part of 1T
to be used for any corrupt or uniawtmi purpose or
replace money which eff Gsfh 50 9'fS