The sun., 1908-12-05
HEYERS'S lCCUSER PINCHED
CR4RGED WITH FORGING BONDS
4 NE SAID MEYERS STOLE.

1 IN san Tor stealing These "Bsnds.'
Samuel NJ. Biddison. the man who had
y. Montefiore Meyers, the se,f-styled
.akeht Of tho Rothschilds' brought here
from PittsburR to answer a charge oil
having stolen FIVE bonds OF the Central
Coal Lumber and Construction Company
zach worth $500, was locked up in the
Tombs yesterday on the charge OF having
uttered and forged some OF these same
bonds
a The arrest came about through informa-
iion given the District Attorneys office
by Meyers. Biddison was arrested just
outside his ONCE at I1s Nassau street by
Detectives McConviiie and Nelson and was
hald in 1000 bail by Magistrate steinert
IN the Tombs police court for examina-
ton on December H. Meyers is still he'd
In the Toplbs on the request Of the District
ATTORNEY Of wiikesbarre. Pa. VINO wants
him for obtaining 81 ,o00 and $l,O50 by
conspiracy.
Since Meyers has been in the Tombs he
has had frequent talks with Assistant
District Attorney Kinde.bergef. whose
experience has made him kind expert
on bogue note and bond transactions.
Meyers tod Mr., Kinde.berger that the
bonds he was accused OF stealing were
no good Through Meyers MIR, Kindel-
berger learned Aof several persons and
fifnis who had some Of the bonds OF the
3 Central Coal, Lumber and Construction
/ Company. He learned a'so that coo
1900 bonds Of this company had been
ieeued. On the bonds appeared the sigI
x natures of A. Graham Donae!ly. president;
, r. Polk. secretary; G.. P. Wilcox, general
manager. and j. A. p. Glore. David N.
4 fihryalbo decided that al of the names
i we're Ia Biddison's handwriting
When Biddison was arrested he made
"a statement TO Mr. Kindleberger. He
aaid that he lived at S3l2 Twelfth avenue,
BROOKLYN. and that he was in business at
\ i1e Nassau street as II stock and bond
broker He declared in an affidavit that
The Central Coal. Lumber and Construc-
ton Company had been Incorporated In
fhe District of Columbia in 1904, with a
capital Of s5oo,o 600 and bonded debt OF
a20o.0co secured by mortgage on the
4 cpinpany's property. The bonds of the
company. he said. were for 81. 900, payable
4 Ia twenty years from date and bearing
interest at S per cent
~ Biddison told Mr.. Kindleberger that the
innorporation was made by a man whose
name he couldn't remember himself
and q man named Donnelly. "A Virginian
and a mere heurehead.' The c. P.
Wilcox whose name appears on the bonds
he general manager and who Mr.. Kindle-
berger says, is a creation of Biddison' g
Imagination, was said by Biddison to
BE- Somewhere In the Northwest looking
aktor the lands Of the company. These
ihnds Biddison describes as consisting OF
b0o, 900 acres situated in Michigan, Wis
consin, Missouri, Texas. Kentucky, Geor-
gia. Virginia, Mexico and New Bruins
Albert B. King OF the firm Of that name
at 100 Broadway printed 800 of the bonds
! Tor Biddison. His story OF the transac-
ticn brought to light one Of Biddison 8
alleged victims. When he got the order
Z g print and lthograph the bonds In
March, 1905. King told Biddison that he
would have 70 get some one to guarantees
payment. Biddison got Frederick w.
punton OF III John street 10 guarantee
the payment. Biddison later got Dunton
70 advance the money for the printing
job and also secured from him loan OF
300, giving as security 1ee OF the Central
Goal Lumber and Construction bonds
efppcssdly worth s1s9.0ii.
According 70 the story which Meyers
! told Mr.. Kfndleberger, Bddison rented"
out the rest OF the bonds on a 10 per cent.
conmission basis TO anybody who wished
, 70 use them In making a financial front. y
Biddiepn. Meyers says. always took a
trust receipt for the bonds, and when
a1Gy Of the coupons were presented for
payrnent by persons who had got the
boudB from som cone to whom Biddison
had rented them, Biddison would declare
that The bonds had been stolen and show
the trust receipt ia proof.
DNveral complaints from firms who
Eefe taken In by this transaction have
already come to the District Attorney e
olIices One firm Of brokers who may
4ppbar later as complainants against
Hidqison says II took twelve Of the bonds
sEo41 J, ]. Corkill as security for loan
Of LAput to,00O. On November 2l, 1901.
a4Hfm's lawyer got letter signed G. p.
Nt'.tH, 11e Nassau street, in which Mr..
i Niflo4, saying that he was the general
inanaRor Of the Central Coal. Lumber
ands Construction Company. informed
tiss lawyer that corkill had skipped out
Tor pastures new. V9t
While the lawyer was puzzlipg over
this bit OF information be got another
lett4r from Biddison saying that the
bopfs In the possession Of the lawyers
clt94ts belonged to him, Biddison, and
expIeiping that he had loaned them TO
& COtNit DSCauoe CorkiH was nelRhDor
Of nine. The letter from Wilcox said
that psymept on the bonds had been
"a asstatement 10 the New York curb.
dated July 81, 1909. g. p Wilcox, sign
ing himself as president and general
fnhnAker of the Central Coal. Lumber
and Construction Company, gave the
ear1ings OF the company for the year as
y s92DQo0. the Expenditures as 1901 900
and fhe surplus as $3le, 900
Myers u not the only man who has
been lodged IN jail through playing with
Biddisons bonds. Last year Biddison
was. instTpneptAl in securing the con-
yictlon OF A. Rekulus Shippey. 10 wnom
he had rented" three OF the bonds. Ship
pey, il appeared at the time. wanted TO
4 rent the bonds TO offer as security in the
purchase Of laupdry in Newark.
blddison followed his usual rule OF
taking trust receipt. Shippey didn't
girb lIp the bonds and Biddison charged
him with graud larceny. Shippey was
pcnyicted and o. eloed last June to not
leat than a year imprisonment Mr..
kindleberger said yesterday that Dis
trict Attorney Jerome's atten ton had
besM called to the case and that he would
I propepH move for Shippeys release.