The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-09-09
JOHN M'CALL
MANSION TO
BE SOLD
Judge Lanning Decides Case
in Which Wireless Teleg-
raphy Figures Largely.

TRENTON. Sept. 9.-wireless tele-
graph financing was scheduled for an
airing In the United States Circuit
Court here before Judge tanning to-
day. and after a brief hearing an
order vas issued authorizing the
Abraham White Realty Company to
sell the John A. Mccall mansion at Ell
heron providing the company will exc
cute a bond far $50. 900 as security for
the claim OF Walter Aithouse. of New
York, who says that the White Realty
Company purchased the mansion with
moneys belonging to the De Forest
Wireless Telegraph Company, and that
the property belongs TO this last named
company.
The suit was for an accounting of
funds alleged to have been shifted
illegally from the De Forest Wireless
Telegraph Company to the American
De Forest Wireless Telegraph Com
pany by Abraham White for the al
legged purpose of d~efrauding the stock
holders of the original company.
A motion made by the Abraham
White Realty and Improvement Com
pany for the lifting of a lis pendens on
the splendid Long Branch estate for
merly belonging to John A. Mccall,
then president of the New York Life
Insurance Company, and acquired In
August of last year by Abraham White,
who is now president of the De Forest
Wireless Telegraph Company, brought
the whole business practically up for
review.
The lis pendens was placed on the
property as a result of a suit begun
against White, his wife, the De Forest
Wireless Telegraph Company, the
American De Forest Wireless Telegraph
Company and other companies which
are offshoots of the De Forest concerns,
by Walter Althause, in behalf of him.
self and all other stockholders of the
De Forest Wireless Telegraph Com
pany.
The motion was a minor incident in a
long and complicated litigation against
White. however. Behind 1t there is re-
vealed a glittering story of the sky
rocket financing. 1t is estimated that
at least 81, 800, 900 in ~hard-earned cash
went into the De Forest Company's till.
Most of 1t came from small investors,
who had faith in the future of wireless
biography. They succumbed to the al
Turing literature and for a time they
gobbled up the stock almost as fast as
printers could get IL off the presses.
Most of the investors still believe wire
less biography day Will supplant
biography, but Althause and
others who invested have found 1t i'm
possible, it is alleged. to find out what
Is being done with the arge sums that
have been received from the stock
sales.
Occasional bulletins sent out by the
American De Forest Wireless Company
that the system has been installed on
ocean liners is about the only
knowledge they have of what the COM
pany is doing. What the income from
this source is they have been unable to
learn, nor have they been able to un-
tangle the relationship between the De
Forest Wireless Telegraph Company,
the American De Forest Wireless Tele-
graph Company, the Occidental and
Orienta, Wireless Telegraph Company,
the United Wireless Telegraph Com
pany and the Mutual Securities Com
pany, all of which were organized to
exploit the wireless system.
Besides the bulletins telling OF the In
stallation of new apparatus on ships,
the stockholders of the De Forest COM
pany know that White in the past
three or four years has lived in mag
nifcent style; that he spent none
lavishly and that his meteoric career
has ended with himself in debt and
the property of the De Forest and the
American De Forest companies ncum-
bered with obligations, judgments n
attachments.