The San Francisco call., 1909-03-16
TWO ADMIT TAKING
EMPLOYERS MONEY
Men Accused of Embezzlement,
Yet Claim Right to
Money
Odd Tangles in Machinery Com
panies Through War
rants Issued

Two officials of machinery companies
each accused of taking money from the
company funds. and each admitting
the fact without reserve, were charged
with embezzlement in warrants sworn
out for their arrest yesterday. The
total peculations of the two men. it is
charged, exceed $4,000.
Charles l. Newcome. agent here and
local manager for the Platt iron works
of Dayton, Ohio. for the last three
years. has been behind in his accounts
for many months and the controversy
concerning the equitable phases of the
fact yesterday was ended by the COM
pany, which made the criminal charge
against the agent through Charles d.
Stuart, an expert accountant, who has
gone over Newcome's books. Newcome
is charged on one item of 5000. money
sent him by the Snow Mountain water
and power company, and never for
warded to the home office at Dayton.
His peculations, attorneys for the iron
works say, total $2,953.
Newcome is the son of Charles New
come, a Dayton capitalist, and he states
that he is amply able at any time to
make up the sum in which he is def
cient but he makes the claim that he is
entitled to the money for expenses in
CURED by him in securing business for
his house.
Page, McCutchen & knight, who
represent the iron works, declare that
Newcome has been given every oppor-
tunity to make up the shortage, and
this Newcome himself does not deny.
company money. His contention is
that most of the money belongs to
him for expenses. Attorney Bert
Schlesinger, retained by Newcome Sr
from Ohio to clear up the controversy.
declares that the case should be
civil one, if it is to come to law, and
deplores the impatience of the company
which has made the matter a criminal
one.
Newcome lived at the Hotel Stewart
with his wife, and last night was in
Oakland, making arrangements for bail
before giving himself up at the police
station.
A. Headman, president of the Frank
lin machine company. 21 Spear street,
sWore to complaint before Police
Judge ShortalI yesterday, charging c.
G. F. Peters, secretary and collector
for the company. with felony embez-
Element. The amount in the complaint
is 5000 on March 8. but the total
amount of Peters populations will il
is said, reach $1,000.
Peters is married man, 45 years of
age, and lives with his family at Lark
spur. He had been In the employ
ment of the company for. IS months
and two months ago was appointed
secretary and outside man. A custom
er was asked for payment of his bill.
and he showed a receipt for the amount
signed by Peters, explaining that
Peters had asked that the check be
made payable to him. but the customer
made it out in the name of the COM
pany.
This led to an examination of Peters,
accounts, and it developed, IL is said.
that for the two months he had been
secretary he had collected altogether
about $1,000 and had not deposited a
cent to the credit of the company.
What he did with the money is a mys-
terry to the members of the company.
Peters was arrested in the office of
Attorney Percy E. Towne yesterday
afternoon by Detectives Bailey and
and taken to the city prison.
He admitted that he had collected the
and said he intended to keep
it. as the company had not paid him
any salary. He said he was vice
president of the company and had
stock in it and that it was nothing
but family row.