The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1908-12-17
MARCONI SHARES.
Topeka Investor Scared Over Clipping
From Dubuque Paper.

A financial disturbance was narrowly
averted last night but only few peo-
pie knew anything about it. About u
O'Clock a man named Walters VINO
stated that he had invested $3.50 in ten
shares of the "Marconi wireless" stock
which has been doomed by exhlbltlona
on the National roof garden during the
past week, called on Sheriff Wflkerson
with a complaint.
He said that he had found clipping
from the Dubuque Qowa) Times IN
which Kelly and Meyers, who are sell
ing the stock, are branded as sus-
picious.
The DUBUQUE item stated that Kelly
and Meyers who are the same exhlbl-
tors who have been holding forth mere
had visited that town, and sold STOCK.
One of the purchasers, becoming sus-
picious. had written direct to the Mar
conf company in London. and had re
ceived reply to the erect that Ine
parties are not authorized to act TOT
them. This reply from the authentic
Marconi company is the subject OF
two-column headlines and considerable
excitement in the Dubuque paper, and
the scare was transmitted thus to the
Topeka investor.
Sherifr vviIkerson Immediately tele-
graphed the sheriff in DUBUQUE, ask1is
him if the ''MarcOni" demonstrators
midnight he got the reply that the Du-
buque sheriff knew nothing about
them. and that he did not want them.
This is the letter, as quoted by the
Dubuque Times, which started the dis
westgate. York Block.
London. Eng, Nov. 80, 1908.
, Dubuque. Ia:
Dear Sir: In reply to your letter OF
the 18th inst, we beg 70 say that we
know nothing of the transaction of Mr.
J. J. Kelly, Messrs. Dubois & Co. or
the Continental Securities Co. They are
not our agents, neither are they au-
thorized to act for u.s.
Yours truly,
The Marconi wireless telegraph Co
Per HENRY A. ALLEN.
When approached with the glad
tidings today that they had been sus-
pected by an investor, Messrs. Kelly
and Meyers, the gentlemen who nave
been giving wireless ex o9 o1e IS
the Dubuque clippings and were red
hot about it.
Mr. Meyer tore open a special de-
livery letter which he had just sealed,
and showed it to the inquisttive re-
porter. 1t was a demand on the
Dubuque Times to retract any allega-
lions made against them in the
article. and to give the retraction the
suspicion had been given.
I'VE can easily prove all our
claims" said Mr. Kelly but we do
not wish to leave a scare among the
facts are exactly as we have repre-
scented them. We are selling agents
for Marconi wireless stock, and repre-
sent the Continental Securities COM
pany of New York and DEBORAH, Iowa.
This Dubuque investor wrote di-
rectly to the London house, which. of
course, knew nothing about us. The
stock is genuine, and is bought in
large blocks by the Continental COM
pany and then distributed, at a profit,
in smaller blocks.
That is the only way the small in
weston could get any of the stock.
They could not buy it in small lots di- |
rect, on account of brokers charges
and cable tolls. For instance, lots of |
brokers are selling small blocks of
Santa Fe stock. Should an investor |
quarters asking if the seller was an |
authorized agent of the company he |
would not be long in getting the |
answer that he was not. All this |
Marconi, in all probability, never
heard of US. We are selling this |
stock. and know that it is the real
thing We know also that the
some apologies and corrections"
Messrs. Kelly and Meyers closed |
their exhibit here last night in accord
ance with their previous announce
ments. They said they had sold
large amount of stock in Topeka.
a reporter, knowing A. e Strauss
of this city, to be agent for wireless"
shares and presuming he had some |
connection with the demonstrators
and the Marconi shares. went to Mr..
Strauss who says: ''I have had moth
ing to do with the demonstrators
which have been held here and the
exhibits are of an entirely different
appliance. 1 am representing and SELL
ing shares in another concern with
which the Marconf company has no
connection, the United Wireless Tele-
graph company of AZ Broadway, New
York"
Mr.. Meyers called at the State Jour
nal office this afternoon and said he
had wired his bankers. the Winneshiek
County State bank of DEBORAH, Iowa
to telegraph this paper as to their
standing and credit.
A telephone message was received |
from c. w. Walter, 1.-THE scared one"
saying he now thought the representa-
tives here are all right.