The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1909-12-15

Wnl0 the MN VINO sold the Stock
SCENE IN be the Goat.
printed sensational article concern
ing the reported disappearance OF
~. l. Rosenwald, the fiscal agent
for South Carolina, Of the Collins
Wireless Telephone Co.. OF Newark
N. J. This article IL reproduced be-
low. Monday morning the Columbls
State printed an article explanatory
Of the Records expose of Rosen-
waid. The States article IL also re-
produced.
There IL locally considerable inter-
est I'm the doings OF Rosenwald,
Gregory and other agents of the Col
lins wireless Co. for the reason that
shey operated In Sumter for several
weeks prior to opening State head
epsrtsrs in Columbia and sold con-
1D>)o emount, OF stock in this
jAropxhout this lection Of
tSoFds 4 81. The Sumter once
was In charge OF M. l. Rosenwald.
but he was assisted by several other
aeents. who visited the city from
time 20 time. Among the number
were Mr.. I. w. Gregory. of Charlotte.
n. c.. fiscal agent for North and
south Carolina. and several others
from the home office at Newark, NJ
j.
Everything went swimmingly and
stock was sold right and left until
the demand was apparently satisfied.
then. co-incident with the visit Of
Mr.. Gergory and the exeprt demon
strators from the home office. MI.
Rosenwald transferred his head :
quarters TO Columbia, seeking a wild
or neld for his activities and talents.
The local ONCE was kept open In
charge Of an assistant. Mr.. Rosen-
waid keeping In touch with AFFAIRS
here by occasional visits. Judging
from advertisements In the Columbia
papers Fiscal Agent Rosenwald did
q rushing business In that town and
sold lots Of stock.
But II the while there was sus-
picion In some quarters that the Col
lins stock was OF too speculative q
nature - be a safe investment. and
when a communication. over the Sis
nature OF Mr. J. H. Chandler, was
published In this paper about three
weeks ago. stating that Collins Wire
less stock was being sold on the New
York curb at s1.2s to $3.50 a share
many OF those who had bought stock
from Rosenwaid began to becorae
uneasy and to make inquiries. That
apparently made Rosenwald uneasy
and annoyed even the officers of the
company In Newark. The investiga-
ton was and Is still quietly under
way to ascertain. IL possible, what
value Collins stock has. and 1t is
hoped that within few days some-
thing definite will be available for
publication.
But In the meanwhile the publica-
ton In the Columbia Record Satur-
day stirred things up more than
ever. IL seems however, that all the
sacts were not known In Columbia
and there Is Sumter end to the
story. and In view OF what occurred
here last week the Columbia story
calls for some further explanation.
Mr.. Gregory spent several days here
last week and Mr.. Rosenwald was
here with him Wednesday or Thurs
day. perhaps both days. The writer
met them together on the street
either wednesday or Thursday and
had brief conversation with them.
Mr.. Gregory left before the CONVEX
sation with Mr.. Rosenwald was con-
cluded and the latter stated that he
had been promoted over Mr.. Gregory
and given a position In the home Of
nee In Newark as assistant manager
In charge Of the stock sales depart
mont, that the management Of the
Columbia ONCE had been turned over
to Mr.. Word III. Mills and that Mr..