Daily Kennebec journal., 1908-12-23
As Soon as They Have
Settlement With King.
Investors With the Boston
Promoter, Now on Trial
Commend nlm Just as Soon as
Own Losses Are Made Good.

Boston, Dec. 22.-Numerous adver-
tisements advising persons to buy
stocks through his office We're intro
duced ct the trial of Cardenio F. King
today while eight witnesses, who sent
money to King testified as to difficult
ty in obtaining their certificates.
Charles f. Osgood, a furniture dealer
of this city, stated that after the set
tlement he loaned King money and
wrote a letter commencing King as an
honest man with a purpose to make
good" Another witness who bought
stocks last winter and did not receive
his certificates wrote a police inspector
that King was near his dirty end
Later after a settlement with King he
wrote him stating that he believed him
to be honest and commencing his semi
monthly bulletin.
The trial today dragged considerably.
necessitatel by the placing In evidence
of large number of exhibits In sup
port of the testimony. There were still
a number of government witnesses 10
be heard when the court adjourned.
Roston Dec. 22.-The presentation OF
the testimony of customers was con-
tinued when the trial of Cardenio F.
King, the Boston financial agent, IN
dicted in 81 counts for the larceny of
s250O0, was resumed in the superior
criminal court today Robert l.. Corco-
ran of Nahant, who was on the stand
when the trial halted last night ana
who testified that he gave King $1,000
for the purchase of two OF klng colh-
binatio1t offers of American Woolen
VI, Nan n
CO. stock, said today that while he new
e,. received aiy stock he had maze
settlement.
He paid for the stock last FEBRUARY
and in September he made Il settle
ment with King, taking 60-day note
and a certified check for $o1''o. Ihe
s1575 was for d dividend and not paid
as interest.
The note was not paid at its exp,ra-
ton and COrcoran took it to Kings OF
flee three weeks ago and received d
certified check for the amount OF 1t,
$50G.
William L. I.ockhart of WatertoWn,
Mass sent King in November, 1907,
s1O7. 80 for a Douglas Copper Co. bond
and later s442O for another bond OF
the company series. He never received
the bonds, he said, but two months
ago he settled with King for 80 shares
of the e. f. King Co. and write King
that he believed in him and was glad
that he was receiving Kings Financial
Bulletin. which he considered the best
financial paper published.
William p. Gilmore of Salem. n. H.,
sent $500 to King with request to
buy any of the listed stocks mentioned
in a King advertisement. The order
was given in January, 1908, and since
then Gilmore has received the stocks.
the last delivery being made two
months ago. His accounts with King
balance
Several letters which Gilmore write
to King were introduced, one of them
referring to the receipt by Gilmore OF
financial literature from T. w. L., and
q Mr. Lord Mr.. Gilmore wrote to King
that he took no stock in such matters
and believed in King. Later District
Attorney Dwyer called Gilmore's at
tention to letter written by him to
Inspector McGarr last March in which
Gilrcore referred to King as near the
end of his dirty career" Gilmore ad-
mitted writing it and also that it was
written before King settled his account.
Mrs Bridget Rogers of RoXbury sent
s55 for 100 shares of Bingham Mining
last January and received her stock
six weeks ago.
Charles e. Osgood a Boston business
man. sent King $4950 for 10 shares of
Sugar. 10 of Calumet and Arizona, 10
Wolverine, 10 Union Pacific and 10 New
York Central. King wrote the witness
l. No y, &
soon as they We're transferred.