The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-06-16
REYNOLDS IN MANY SCHEMES.
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Hnf bsIs aldermen af,sf fhp Waflr N Aiief
men hpd f%eiatiai his aptleH'i1n ~ r.
feaefhlss In ifti rt,. ftl y l,ra init tNib
ts,ina %fTa'frt attorney SHu ~ lhr im
lnsl Counts n,itiing yrs'rf'se iHs nsrlr'F
who h mtoasaf " it- cinfHpy nj fhuar
hamo BE- slar nsvrnlli ils' 'albvl eth
N, Vatt
A. tho tlue The chareos we're maiir gu'lic
fsvefal dnvs aep NJ Reynolds declared
That tho orieinal NOTES " Tho Interviews
which he had In bic onice 9Th New Ao'
ehslle Aldermen AMI shich were taken
down ~ hi ,'onogfa pher whilr she ea'
tpnctalasI hrhind q d,ak had he.n burned
NJ Hrynoli4 explained that v Nas the cue.
tom ~ destroy nll suoh notes IN bic ofhoe
becausr ihey hal found that q rival "om.
tany WA having ti,ir waatH iarcr,
On 1nir4iay trcl ~ Ho"a'iuF, the ate.
hosra rh,r tild w SOFT iA.' ~" mites had
been lc.tr ytI Iut sho and another am.
plovro .lIl that thia -ta not the custom In
thu of. % but htI boon done In this instance
at VI Rcynoils' srroiI order
YSrfrr.nv Nfr Hovnuife told Mr N'tt
tint HE r,rliio"tion n w was that the notes
hatn I hcru don'r wed. bu' wcrr In n trunk
az Ia BONG II" - ''ld :, produce them
a. ''ov scr, Z TIC grr1tcst importance,
finco thy form 'hr tIais ~ the afhdHy Wits
which r,rrrsnrt Alderman Kallcnherg a.
hHint ,he r'I~rs for him'"lf and hia a.
~socia1s. These interviews the Aldermen
have darisd.
Mr.. Mott. after he Lad TALKED to Mr.. Rey-
nolds, called up District Attorney Young
OF Wcntchestor and Cssed him to let the
New Rochelle Alderman know that he would
be very glad to see them at his Office on
Monday.
Mise Roesling, the stenographer, sub
mitted to a dictation test in the District
Attorneys office TO show whether or not
che could take ordinary conversation
She did not show nat she was an expert,
but il IL enid that she proved pretty we'll
that she could have taken down the con-
versations reported.
D. A. Reynolds, who has made the charges
against the Aldermen, comes from Michigan.
He was connected with a number of enter
prises there. tele phonic and otherwise.
In 1899 he started The Supreme Assoc a
tlOn " III U VI tth VI Wv
America" Whether or not he conceived
the scheme himself isn't known. A lot of
ate was given to it in the West for a
short time. FOR SUBSCRIBERS it guaranteed
to get everything they might have need
of in the journey through life, from a nurs-
ing bottle to a coffin, at rock bottom prices.
The profits we're to be distributed among
the farmers who went into it. 1t did not
last long
Mr.. Reynolds tried very hard to get a
franchise in Jersey City last month for the
Coast Line Telephone Company. That is
another company in the scheme which he
10 now behind to compete with the present
Bell system. At a hearing before the
commissioners in Jersey City Mr.. Reynolds
was charged by Robert s.. Hudspeth with
having promoted a lot of telephone COM
panies. These companies, 1t was charged,
had been capitalized for large. amounts,
people had bean induced to buy stock
through attractive circulars and save with
one or two exceptions these companies had
never lone any business or even had any
plants.
in New York have been eating circulars
by the dozens describing the chance offered
by Mr.. Reynolds's companies. The COM
panies also issue a four PACED paper, about
the size of the ordinary newspaper, giving
pictures Of Mr.. Reynolds and several of his
relatives and giving all the latest news in
regard to the Great Eastern, the State Lime
and the Coast Line companies.
There are half tone pictures of the young
women stenograph pliers OF the Great Eastern
company. One Of the company's lawyers
and two other men are included in this
group picture. There Ia also a picture OF
the Office force Of the Coast Line COMPANY,
a picture Of the solicitors and a picture Of
a partially completed telephone exchange
in Peekskill.
The Great Eastern, according to one OF
the latest circulars, offers $4,000 shares of
preferred stock paying 9 per cent. at 500
a share and will throw in 30 per cent; OF the
common stock as a bonus to subscribers.
advance orders for telephone service
this circular says, amour at the end of
a Ave weeks canvass to 81 500 900, and the
company Ia now booking advance business
at the rate of over s 90, 900 a week.
A the present rate the company will have
over POO 600 subscribers in New York city
before the close of the preliminary canvass.
These orders, while below present rates,
are sufficient to earn @ per cent. on the pre-
ferred stock and over 10 per cent. on an equal
amount of the common stock
Great Eastern is affiliated with the Coast
Line Company, NOW developing Jersey
City, Newark, Hoboken, Bayonne, the
Oranges and adjacent cities, and with the
State Line Company, whose lines connect
with over sixty other systems, embracing
over 100000 inderendent telephones, and
now rapidly extending into Westohester,
Putnam and Iutchess counties"
The comp ny offers to any one who will
pay cash to the full amount Of his subscrip-
ton for the stock a discount OF 0 per cent.
and will give him a certificate entitled to
dividends from the date Of issue. The
Great Eastern's New York franchise is
now the subject Of a lawsuit brought by
the city to test its validity. Most of the
circulars are printed on blue paper, but
there is a shorter circular printed on pink
paper headed DO You Wish IT."
sYou may not be in q position to profit
by this offer" says the pink circular,
'but you may like to know what we have
TO offer in the future
The circular then goes on to announce
that the Coast Line and State Line COM
panies, associated with the Great Eastern
In the development Of the metropolitan
district, will soon perfect underwriting
arrangements in which you may desire to
participate. All stockholders Of these COM
panies nave this BY RIGHT, and II you desire
Il, we would be pleased to keep you in
formed. A postal card will secure you all
such information as fast as plans are for
mulated."
"a circular sent out by the Coast Line
Company and signed by the vice-president
tells intending subscribers:
We are pleased to inform yon that We have
tbus far saCured oyer q OnO contracts show