New-York tribune., 1909-11-13
MANY BOUGHT LOTS
SAID TO BE At BOTTOM
OF ATLANTIC.
Alleged Pittsburg SJCindler
Operated Under Name Of
Brooklyn Concern.
II telegraph 20 The Tribune 7

Pittsburg. Nov. PA 2. Mccarthy.
who represented himself as president of
the Metropolitan and Suburban Real
Estate Company. which. he said. had
Offices az Thirteenth avenue and 54th
street. Brooklyn. was arrested here to-
day. charged with fraud The police
think they have uncovered one Of the
biggest swindling schemes operated in
Western Pennsylvania in years.
Leases. and papers found on Mccarthy
and AT his hotel tend 10 show that one
thousand persons in Western PennsyI-
vania We're clients Of his alleged real
estate company. and the police say each
one was victimized They charge that
Mccarthy sold 10 persons here lots at
Southampton. Long Island. which are
under at least forty feet Of water at low
tide
For more than a year Mccarthy has
been doing business in Pittsburg. II is
charged, selling lots" at from $50 10 $3.50
each and collecting monthly instaImsnts
by mail The monthly payments have
been overdue for some DAYS, and the
police have been on the lookout for
either Mccarthy or the vice president or
treasurer of the alleged company, whom
they had heard might come to Pittsburg
in person 10 collect
Mrs Anna Neusbaum. Of No. 500
Chestnut street. who is one OF the alleged
victims and who has been in touch with
the police. telephoned headquarters at
noon to-day that Mccarthy had arrived
on collecting tour. She had asked him
70 return in an hour for his money. De-
tective Frank Morgan went to Mrs.
Neusbaum's house and placed Mccarthy
under arrest as he was accepting money
from Mrs. Neusbaum
The police are hunting tonight for 4
mysterious woman who il is said worked
with Mccarthy and who Is thought 10
have escaped with money collected here
IN the last week or so. The woman was
with Mccarthy when he made his first
call at the Neushaum home. il is stated.
but on the second visit he called alone
Documents seized by the police show
that almost a thousand persons have
paid from S2S 70 $50 for the lots. which.
the police say lie at the bottom Of the
ocean. Mccarthy declines 10 talk.
There Is such concern as the Metro
politan and Suburban Realty Company.
with offices al No. 2427 Jerome avenue.
The Bronx. II was incorporated in 1906
with a capital stock Of SIS. 600 II was
learned last night from one Of the Of
ficIals Of the company that no such man
q - A r Mccarthy was connected with il.
At 54th street and Thirteenth avenue.
Bay Ridge. an ONCE was found last
night. o. the window Of which there
was sign reading Metropolitan AMI
Suburban Real Estate Company. Charles
Mccarthy. President. and A p Stew
art. Vice President" Mr.. stewart lives
az No HOP 57th street. Bay Ridge. He
said last night that Alfred B. Mccarthy
was a brother Of Charles. that he had
been working for the company for some
time. and that he had recently heard
from him in Pittsburg
Mr. Stewart said that the company
had bought land at westhampton. Long
Island. about a year ago. and that the
owners had guaranteed the title. aud
said that IL was high and dry" He
could not explain the arrest OF a b Nc
Carthy in Pittsburg. and heard moth
fne from him last night.