The Montgomery advertiser., 1909-06-03
FIND BOOKS
AFFAIRS OF AUGUSTUS HETNzE
PARADOxICALLY COMPLICATED.
George Bagiin, Second Vice President
of Copper Company, II Reieas-
ed From Prison--Ousted
From Directorate.

New York, June 2.--Affairs of F.
Augustus Heinze and the United Cop
per Company, which have kept the
United States Circuit Court and the
Federal authorities here busy because
of the disappearance Of. the books OF
the company needed by the Federal
grand Jury to clear UP loans. alleged
to have been made by Heinse while
he was head Of the Mercantile Ma
ticnal Bank during the panic Of 1907.
were clarified somewhat today amd
YET seemingly paradoxically compli-
George Bagiin. second Vice prssi-
6aat Of the United Copper Company.
and Secretary to Heinze, who was
placed in the Tombs yesterday for
contempt OF court. was released late
today without apparent explanation,
but It is understood this action follow
ed his deposition from the board OF d.
rectors While no announcement to
this effect was made, a meeting OF
the stockholders. which was held In
Hoboken, resulted in the naming Of q
board in which Baglin's name does
not appear. The board was almost
entirely reorganized with Heinze still
at the head.
r. Augustus HeInze was not present
at the meeting. but representative
holding a proxy for 100000 shares.
WAS on 0AuO, anu II 10 PLCoQHICQ
therefore, that the board is under
Heinze's control. II had been report
ed that the directors would meet to
depose Heinze, but II such action was
taken, II could not be confirmed.
While the stockholders were meet
ing in Hoboken. the disappearance of
the books was being further aired be-
fore Judge Lacombe in the United
States court. Judge LAcombe agreed
early In the day to give Sanford Rob-
inson, who, as a director, faces
prison for alleged contempt until
Friday to arrest the charge; but he
was obdurate about Baglin until after
o'clock. when he was released sud-
denly with the consent of United
States District Attorney Wise. Mr..
Wise said at the time he had received
no word that Baglin had been re-
leased from the vice presidency. The
grand Jury minutes were read in court
today, giving some details Of Baglin's
testimony concerning the disappear
ance of the books. His testimony
showed in effect that on May 10, he
had been instructed by Heinze and
Robinson at the ONCE of the COM
arrangements for the removal of two
strong trunks, which had just been
taken outside. He did as directed ana
the trunks were removed. They con-
tanned the books Of the company as
sought by the grand jury, but where
they were then, Baglin said he did
not know.
Robinson. 1t win be recalled. refused
to throw any further light on the
whereabouts of the books, on the plea
that he was privileged to take this
attitude because OF his position as
counsel. 1t Is this stand which now
threatens him with contempt, and
will be heard on Friday. Arthur p.
Heinze who was present when the
books were taken away, and who also
took the same stand OF privilege as
Robinson. may be considered further
In the investigation,
According to information given out
at the United States District attorneys
ONCE tonight, he rs not registered
with the clerk OF the court of APP
peals at Albany as a lawyer. although
he graduated from Columbia and did
practice until about 1891, but on the
basis Of the Indignation OF the Fsder-
al authorities. he has not been regis
tered since 1898.