The star and Newark advertiser. [volume] (Newark, N.J.) 1908-1909, 1909-02-16
QUICK RICHES A
DREAM, WOMAN IS
NOW AN ACCUSER
Says Husband Put $3.50 in West
Side Realty Company, Which
Court Inquiries Into.
AND PENNlLESS, :
POLICE GIVE HER SHELTER
Handelmans Crazy About "Divi.
dends," Says Max Rodburg,
Whom Judge Will Interrogate.

Penniless and hungry, Mrs. Rcs.
Handelman, of 149 Milford street
Brooklyn, pleaded in the Fourth Police
allowed to remain for the night. She
was permitted to sleep there for this
night and today she told a tale Of ar
alleged ge~t-rich-quick scheme by which
she claimed she and her husband. were
victimized to the extent of $3.50.
When Judge Herr heard the woman'a
story he summoned Max Rodburg. Of
2A West Kinney street, to appear In.
court tomorrow and tell what he knows
of the West Side Realty Company, aths
concern in which the woman's hus-
band, Philip Handelman, invested his
money.
Mrs. Handelman's story.
Handelman Is a fur cutter and his
wife Is employed as a fur finisher. The
husband, who is now Ill, was induced,
according to Mrs. Handelman, by a
fellow workman, Philip Tractenbures
of Prince street, to invest in the West
Side Realty Company. Handelmar
paid 500 down and IS a month, until ha
had paid in $3.50. There were twelve In
the company which made a business Of
buying and selling real estate.
The members met at los Prince
street. They bought several tracts Of
land In this city and three houses at SO,
81 and So Fairview avenue. Some of the
property was sold recently and when
the Handelmans got no returns for
their money invested the wife thought
she would come out here and investi-
gate. The family is in destitute cir
cumstances, according to the woman,
who says that she worried so much over
the real estate transaction that she be-
came i'll and was unable to work. She
had enough none to buy an excursion
ticket to this city, she says.
When she arrived here yesterday
morning she sought Tractenburg, and
when she asked him about their'money
she claims she could get no satisfac-
ton. She looked for others interested
in the company, without success, and
when it grew late she had no place to
sleep. Her visit to the police station
followed.
When Mrs. Handelman left the police
station this morning she had had moth
ing to eat since yesterday morning, but
she took up again her task of search
ing for the stockholders in the COM
pany, | mi the hope Of getting back some
of her money. She said she would be
willing to settle her claim for 800.
What Rodburg Says.
Rodburg, who is the president of the
company, today said that the company
is unable to meet the interest on a
mortgage in a building and loan asso-
citation, and that the Traders Invest
ment Company is about to foreclose on
a mortgage of s4,70o. The company
sold a parcel of land recently, he said,
but the directors found it necessary to
expend $500 on notes that we're due
and for other items. The only thing
remaining for the company, he said,
is to quit business.
The trouble with the H~andelmans, he
added, is that they figured on nothing
but dividends. Mrs. Handelman has
certificates of stock in the company
and data concerning the business Of
the concern. She exhibited these
court today.