The sun., 1908-03-24
PARIS PROMOTER ARRESTED
POOR DEPOSlTORS TRY TO STORM
THE CREDIT MINER.
ROehttte, Accused Of Fraud, sayJ He Has
Millions IN CaSh-Cierhs say So Toe,
but Police Seal Up BahkS-Panic On
the BOuFSe IN Shares Of His Companies.
SptddI caNs DsIDaioA 10 I'm Sun.

but Police Seal Up BahkS-Panic On
the BOuFSe IN shares OF His Companies.
Special caAs DypaieA 10 Tm sun,
PARIS, March IA sensatiop has been
caused at the Bourse and amonk the public
by the arrest Of a prominent hnancier
Of the name Of Roohette, who is charged
with swindling and fraudulent company
promoting, Roohette has hitherto borne
an excellent reputation for integrity and
inexhaustible energy.
Though only 50 years old he has founded
two banks, nine other financial undertake
ingS and two newspapers. and he had be-
come one Of the wealthiest Of the younger
members OF the Bourse. The public have
invested about tle.OOO.0OO In his various
enterprises.
When a boy employed as Q messenger
In q railway restaurant he inherited N 900
from an aunt. With this money he ap-
prentioed himself to a bank and learned
all about the banking business. Then he
entered the Office Of q company promoter,
and five years later he raised enough capital
TO start a mining bank. which rapidly be-
came known through France as the Credit
Miner. Within two years he employed
400 clerks In Paris and had dIty-seven
branches Of his concern in the provinces.
From that time Roohette became a sort
Of financial wizard. He hoated company
after company, dealing In COAL copper,
silver and gold mines, South American
lands and railways His other bank La
Banque Franco-Espagnole, employed 800
clerks The stocks Of his various COM
panies, which we're Of good reputation
slumped disastrously At the Bourse i'm
mediateiy his arrest became known. The
street market was nearly thrown into a
panic.
The police, after searching the banks
closed and sealed the doors. II ia stated
that they have over hundred complaints
against Roohette. He denies all accusa-
tons, and says he Is able 10 satisfy every
creditor, having more than u, 800 900 in the
Bank Of France, besides other securities
The clerks say there are more than 81, ,OOO 900
In cash In the safes Of the Credit Miner
alone.
The investors in Rochettea banks we're
mostly working people. Angry crowds Of
these hurried TO the respective banks on
leaving work this evening 10 withdraw
their money, They found both banks
guarded by policemen. Men aud women
olsmored wildly and shouted loudly Give
us our money!
They tried TO rush the doors, hoping to
recover something The police tried TO
persuade them TO leave but they would not
and II was necessary TO use some force to
protect the premises. Trafic was stopped
for a long time While a majority left in
the course Of the evening many remained
until late hour.
Many bankers and outside brokers
speouated wildly in Rochettes under
takings and they will probably be involved
in the smash. An instance Of the con-
fdence shown in Rochette's promotions Is
shown in the Hella Gas Mantle Company,
which he launched some months ago.
Shares we're issued at a hundred francs.
They Immediately scared TO i4O---the manu-
factory was an unfinished bulding-and
eventually they went 70 200