The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1909-12-15
From The State, Dec. 13.


during the past day or two reports
have been current on the street that
M. l.. Rosenwald, a stock salesman
for the Collins Wireless Telephone
Company, who had an office in this
city, had aefaulted and skipped the
town. leaving numerous creditors to
mourn his departure.
1t has been known that I. w.
Gregory, fiscal agent Of the company
for North and South Carolina, has
been In Columbia since last Wednes-
day night and that he came here to
check Rosenwald out, and that Word
II. Mills was constituted fiscal agent
for South Carolina, to act under Mr..
Gregory's authority. Mr.. Mills and
Mr.. Gregory yesterday said:
I'm an evening paper Saturday ap-
peared statement relating to the
Wireless Telephone Company and it's
former agent, M. l.. Rosenwald. The
story as printed was inaccurate,
lacking In essential particulars and
wholly unauthorized.
Since story has appeared that
does not furnish the facts, and is CAL
culated to create wrong impression
on the public mind, It seems neces-
sary to give the facts as they are:
"The Collins Wireless Telephone
Company. learning that M. L. Ro-
senwald was not conducting his bus
mess in conformity with the instruc-
tions Of the company, authorized L.
w. Gregory, the fiscal agent for
North and South Carolina, to whom
M. L. Rosenwald was subordinate, to
go to Columbia. check up the busi-
ness and relieve Rosenwald.
"On December 9, Mr.. Gregory
came to Columbia and with Mr.. Ro-
senwald checked up the business Of
the Columbia office. upon the rec
oxaa<nf the office. The personal bills
contracted for by Rosenwald were
not considered in the settlement.
I'm making the settlement of the
company's affairs, Rosenwald deliv-
cred to Mr.. Gregory the stock GER
tificates issued by the company to
subscribers, such as had been paid
for by subscribers and not already
delivered, together with signed state
ments that he had settled with the
company. These statements, so far
as we were aware. were accurate.
THE statements and accounts Of
subscribers were received by Mr..
Gregory and were accepted by him
upon the statement of M. L. Rosen-
valid that he was square with the
company in Newark. To prove that
he had paid to the company moneys
collected on subscriptions for stock,
he exhibited his checkbook stubs. On
this representation he was checked
out Of the Office. and left the city.
subsequently 1t developed, by
advices received Friday morning by
Mr. Gregory, that the checks given
the Collins Wireless Company had
been protested.
The Collins Wireless Company at
Newark was apprised Of the condi-
ton In which he had left the busi-
ness here, and the company an
nounces that every person who sub
scribed for stock, Of which subscrip-
tions there Is record, will receive
the certificates according to the SUBJ
scriptions: moreover. IL it develops
that there are persons who have
paid any money to M. L. Rosenwald
OF which no record exists in the Of
hces of the company, upon proper
representation every contract will be
filled by the Collins Wireless Tele-
phone Company.
Should Mr.. Rosenwald, upon his
arrival at Newark, not settle with
the Collins Wireless Telephone Com
pany. 1t Is matter purely between
the company and himself, and he
will be held personally responsible
by the company.
Mr.. Rosenwald left Columbia
Thursday night presumably to go to
Newark, and neither of us is aware
that he has not gone thither accord
ing to his expressed purposes.
1T is true that Mr.. Rosenwald has
left some debts behind him.. That
Is a matter between him and his
creditors, in which the Collins Wire
less Telephone Company has only a
casual concern or no concern what
soever.
Mr.. Rosenwald was merely a