Daily Kennebec journal., 1908-12-19
In Case Of Cardenio F.
King at Boston,
Customers Ordered Stock But
Never Got Certificates.
In Some Cases Settlements Were
Made, In Others None.

boston, Dec. 1S.-IeSllnlOHy Slillidi
to that of yesterday was given at to-
days sessions of the trial of &. f.
King, the Boston financial agent who is
under indictment for the larceny OF
$25,O00 in the superior criminal court
today. Practically all of the witnesses
heard today told of having sent money
to King to invest for them but in most
cases neither stock certificates or the
amount of their remittanceS were sent
to them In some cases Kings Gus
toners would receive checks for small
balances when the market price Of the
stock they had ordered was less than
tie amount OF the remittance they nad
sent him.
The majority Of the witnesses heard
today had not invested large amounts
with the King office. Some sent him
5000 with orders to buy them certain
kinds of stocks while others sent more.
One man in Vermont sent checks ag-
gregating in value more than $1,000.
with explicit directions regarding the
stock to be purchased. He testified
that he received no stock, nor was he
able to get his money back
With adjournment tonight, the case
went over until Monday
1t was nearly noon when +. T.
Forbes of AllstCn, one of Kings Gus
toners. took the stand and told OF
sending money for stock and failing to
receive the certificate. Some months
later he received $40 on account al
though he paid King $3.50.
Edward r. EsSOn of Dorchester or
dered and paid $3.50 for 10 shares of
American Wooden preferred and S21 25
in commission He never received the
stock but last fall he accepted a set
tlement, taking ia shares of Alton
Copper Co. on basis of S. share.
II. w. Carr Of Concord, Mass, or
dered and paid for Sugar and Sinelt-
ing stock in January last and received
the sugar in November but never re-
cciVed the smelling
r A. Lewis of Conrad. VI. another
of Kings customers, told Of buying II
shares of sugar, 10 of New York Cen
tral and 20 of American Woolen com
mon, sending three checks totalling
$3.50. He then ordered 10 shares Of
Great Northern preferred, for which he
sent King two checks. one for $500 and
the other for $4l1.25. lie also received
4 telegram from King notifying him
that King had purchased for him Il
shares of American Smelling at 65.
The witness then sent to King a check
for $651.25. Lewis said that he com
olained because King had not pur-
chased the Smelling stock when the
price was lower, the witness claiming
that he ordered King to purchase
Smelling at less than 65 Lewis told the
district attorney that he mad received
single share Of all the stock that he
had bought and paid for.
Several ether witnesses, including
Robert J. Bennett of Concord, VT.
Florence H., Adams of Ncwburyport
Miss Emily NJ. Sylvester Vi Quincy
Cyrenus Illes of Chatham and Mrs
Carrie F. Wilder of Fitchburg, testi-
fed that they had sent King money to
buy stocks for them, but had received
their money back. In one or two in
stances however, where the amOun
Of the money sent exceeded the marke
price Of the stock purchased. the Gus
toners received checks for small bal
aEceS.
Mrs. Wilder testified that she hat
gwen King $500 to invest for her in
combination Offer of three shares o
American Wooden preferred and thre
shares of the Ehrman Manufacturin,
CO., the last named company being on
of Kings promotions. Mrs. Wilder sal
that she had had considerable CORE
spondence with King regarding a set
tlement, and she testified that when h
returned from abroad after his disap
pearancc, she wrote to him and char
acteriZcd his return as d bold, mani
act" She said that she had pcrfct
| confidence IN the defendant Accord
| ing to other testimony she received
| letter from Kings office dated Dec.
and signed "Private secretary notify
| ing her that in the way of settlemer
she might take 5000 in Kings eigf
| per cent. collateral notes and the oa
| ancc of 5000 in cash would be paid
| her at an early date. An adjournmel
| until Monday was taken at this poin