The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1908-11-01
Nh. Smith in Low Finance.
More light on Samuel w. Smith, of Michigan.

More light on Samuel W. Smith, of Michigan
The dscoses the present chairman OF the House Com
ntee on the District of Columbia
prove his complete unneSs for that post Coupled with the partner
ship revealed The Times of Friday partnership picket duty for
the Washington Gasgh Company the demonstration must satisfy
his most partisan followers.
For the new thing that has come the surface this:
He has been an active 0cer-nOt dummy-n corporation
gained the territory whose city councilman he and engaged the
business of receiving s625 by process which the grand jury describes
false pretenses."
This sum of 81 625 was obtained from priest.
exchange for company of which the Hon. Samuel W. Smith
director issued the representation that the company
owned immense of valuable timber and mineral land.
The judgment of the grand jury that these had
existence the books of the company show that there
assets equal si4625 not the total capitalization S3OoOOO
this capitalization certified by Smith his
directors in their handwriting fully paid in. matter of fact
there then fully paid in only little more than $4,000 most of
which from this priest The remainder of the capital
represented in certificates issued the
Samuel w. Smih-free.
Either Smith this adequate pains
find out though serving actively officer of the company
What he did know moved him to join with his directors
offering this priest few thousand dollars compromise
the meantime company had been organized Smith
with his 400 shares of stock which had cost him nong-acqusced
the conveyance to the company every dollars worth
company and his former asso-
of the old company of the company
cents worth of the stock issued to the priest Then Mr. Smith
accepted the Offices of second vice president and director
company and the old company discontinued And the total of MI
Smiths investment in them both absolutely nothing
These statements not They suspicious They
not charges They the revelations Of suit in equity
ing grand jury jurisdiction They have been made the
basis Of indictments issued against another officer of the company
would be good to think Mr. Samuel W. Smith, Michigan
altogether ignorant that these things he
because either he deliberately shut his ewes 10
them lacked the capacity He attended meetings of the board
of directors he made motions he submitted reports and followed the
proceedings OF his two companies closely the competent d.
o other bodies
Furthermore Nh Samuel W. NTH had clear and unmiskatre
warning him in the form memorandum from the man
whose hands Mr. Smith receive his 400 sock-e
That instrument long. 1t did have be- set forth
ny information the status of the two corporations and
the last words of it these:
% % sys 5rs5 s You s 2sR s i h @aS papers, they
say this priest information he was to be told
by Mr. Smith that the chairman of the House Committee District
Of Columbia forgotten priest were to ask to see papers
that Mr. Smith might get he to be told they lost
What does all this indicate as to the present chairman of the House
Committee on the District of Columbia?
What does indicate ordinarily when receives shares
an apparent gift? What ordinarily expected of such
recipient when he is in official fe What would be expected of the
Hon. Samuel W. Smith, of Michigan in his present office?
Surely could be nothing less than that he use his nAu-
in behalf of the company.
AT any that the put upon these circumstances
by Others Two United States Senators likewise offered stock
They refused it judge of our District Supreme Court likewise
pae in great church was Offered
STOCK He refused it. But Samuel W. Smith, Michigan accepted
what offered hin-4OO shares.
he stands today- printed on the prospectus of each
Either he had
the temptation do ingenious and deliberate wrong he lacked the
TO resist It. When he accepted that memorandum direction TO
g that's ALL and the of the fraud wanted nv
aperS they must be lost he knew which he waSweakng or crook
Whichever he regarded himself heH whichever he thinks himself
now, he has character brought to light his letter to the Gas
Companyowned Washington Post his service in the high office of
director Of two corporations polite shady 1t is a character
that saps honest in TIE face when they think him either as chair
of of the important committees Congress or the chosen
Representative of 100000 decent and citizens of the State Of
Michigan
DUTCH CRUISER SAILS. POLICEMAN IS CooI