New-York tribune., 1909-05-20
rlyFA[LURE TO HE[NZE
np0KERS Make CHARGES.
ptbcnbrger s Co. Sag He Took
TIGr : Money and Repudiated Orders,

fo, with the voluntary petition In
y o eles Yesterday I'm the United States
talA- court by II Rothenberger Co, curo
Dsrg - No. 4s Exchange Place, Edwin p Phil
.unseI for the firm. charged F Augustu
IF tn taking cash and securities belonging
BslSs g. and repudiating orders which he had
u vrith !; for large amount Of Ohio Copper
sp'A- ,,r- "a Nr Phillips. Mr.. Heinze and David
a1eYea blind accents with II Rothen-
y % about two mouths ago, and lnStfucted
IT. % fty I'D all The stock of the Ohio copper
- Fl could get. As collateral security LOT
l,-t"-t,ssas he said, Mr. Heinze deposited with
81 sal shares Of Ohio Copper. The hrTl' he
y ~ tr,br about $4,000 worth of Ohio Copper
aD,o,e5 orders for further large amounts IN
81 -, time Mr.. Phillips said. MI Lamar say
TX ,as acting as agent for Mr. Henze, induced
u -, n deliver to him the Loo shares which
y -5.,,ze had deposited with it After this epl-
y according 10 Mr.. Phillips. both Helhze ana
So So refused 10 take mp the stock purchased ior
,ssir account ~ e., ,,a
- II appealed to Mr.. Heinze. who finally
$50 10 take up his stock, Mr.. Phillips SAID
- tfe firm would turn over TO him its offices
= day The firm agreed 20 this ana MI
- sent over his head bookkeeper TO take
- # the office, When the bookkeeper lett
D,g5irs said. he took with him 5000 IN cash
,,fre 10 about S34 90. When the members
= "a Mr. IEe;nze ana demanded its return. he
-sss AT them. according 10 Mr.. Phillips IhiS
..,s5 several weeks ago. the lawyer SAID, ana
- then the Iirm had been swamped with ONO
- stock and II decided that the only way out
~ difficulty was 10 80 into bankruptcy
-, pbiIlfus said that Heinze and Lamar hsid
- poo! 10 boost the price Of Ohio Copper
- and had simply unloaded on the Rothen-
- 6-rr The blind accounts they had beeh
as4np under. be said. we've known as Nos a.
- - The lawyer believed the members OF the
- ,ould be indicted for their action
F-esfabflitiss Of the drm. Mr. Phillips said, were
=. sp7 Aln and the assets S50eoo, Including the
80, in securities and Ssees in cash belonging TO
- in the possession OF Mr.. Heinze. To add
-, "a iui3f,- the lawyer said the l65e shares OF
al, Copper which had been turned over 10 MI
80 had been sold back 10 the firm, and. 10 cap
:. climax. Nj Heinze was demanding that tins
rock he delivered 10 him. saying the flrm hau Ho
rs- "a r,r7 il over without his authority
? Augustus Heinze, when seen at his once yes
,sssy by a Tribune reporter, denied all the allesa
,io,s made by Mr.. Phillips He said the Rotleh-
bs-eer firm owed him about s27.o'o-
The firm Of RoJheHberger, as at present CoAi9'4
.r,ss VAS formed on January L i Is composed
~ Ne-itz Ro1henberger, Charles Heath, W b Nc
Nesl and Carl ZeuueT The firm was lnteIeSted III
,bs promotion OF several mining companies, among
Hzr =
which Is listed on the curb. and which the hTih
vss advertising recently as certain to 60 to - IN
ne near future The stock selling at 3 . ]ust
before the bankruptcy petition was fled but i
immediately broke from that price down TO % cents
: share and a. The close was going begging al
around two cents a share
Tbs neritior saws that the liabilities OF the firm
- ~ q and the nominal assets s7S.S2o S. OF
he liabilities Sl232s are secured
A suit 10 recover Sl,750 was recently bIoueII
against F. Augustus Heinze and David Lamar ny
The Stock Exchange house Of g / Hudson d 20
On the ground that. as members Of an aleged poor
in Ohio Copper stock the defendants hao Ieluseu
70 take Up five hundred shares OF iAe sIoeh VIM
IIr5,on : 20 alleged Il sold TO their curb repre-
sentative Al about s a share. The stock subse-
ouertly broke 30 IS &C a share, and the amount
named il the suit is what the firm says il ios'
through irving 10 sell the five hundred shares al
the lower figure.