New-York tribune., 1910-08-25
SUED BY STOCK AGENT
Continued from first page.

fully equipped factory in Stapleton. anu
since that time has been building a gun:
We have had ia an ofier @ OF @ S,o''VC 'eyeli,sive
right of the world. also S.. 09o,000 from t..e M,
Abyssinian government, and sS."o.op -
parties representing Russia. These onsrS
in no way entice us, because we are ~
feCtly satisfied we will get at least s."'
600 900 to s25.e00.09 from this government, =,
We expect to have the gun completed II. u
October and at d demonstration at lnas te
time attaches from foreign governH1's..I-o,9 '..-,
will be present. From the time the oeiIl-
onstration is made until Congress cohVehes,
opportunity to, get bids from all the various Us
governments, and Uncle Sam Will nave -
pay price equal TO or greater thah 'i0
others. =. ao,s
In all my experience In the banking feId
I have never discovered anything so WI -.
derful as this invention. When you stoP - -
consider that one of these machine SuHs,
with two men to operate II, one man 10 Ill I'll
the automobile and one to operate the III,
can do more destructive work tnan lhI y
regiments of soldiers, you VIII get so1uo
idea Of the immense value OF TINS iIVeAt!tUii.. ~ q
From economical VIEWPOINT aie.S ~ ;.f e 90,
gun will save 10 any government s'''''''''
a year. .Sa,r.,s
There is no stock outside OF the Thousand
shares which you hold an option on IN co,ae ,,e
nection with this company tnat can oo
purchased at any price at the present IiIIis. II
Il is pooled and locked in safe deposit Vduits ,s
and will be held there until the s1aiiuA'
gun is demonstrated.
On March IS. 1890, Wade was con-
yicted here Of running bucket shop'
and sentenced to three months lnipfls
onment and to pay fine OF sooo- 1iiiS
constituted the major part OF MS eA-
perience in the banking field, 10 WHICH
he refers in his letter. Later he was ar
rested for grand larceny by postoffice
inspectors. who put out Of business the
IF
sey. and the Hanover Bank, OF Boston
two of his promotions.
Charged with Misappropriation.
In 1907 Wade figureds as one Of the
promoters of the Friede Globe rover
Company, at Coney Island, one OF the
chief hackers of which was George Ill
YOU. He sued the company for So0'Vp
stock and SIG, 900 cash as commissions
and on April % was arrested by prl-
vate detective on a warrant sworn OUT
by the company charging him with mis-
appropriating $4,000 of stock
Later Tilyou accused him of substi-
tuting a Wade check for $500. which
was dishonored, for good 11iyou
check. which Wade cashed. Wade was
found guilty of grand larceny in Cen
era' Sessions and sentenced to Sing
Sing for two years and five months
The promoter had been out of prison
only short time when he was arrested
for grand larceny again. this time on
the complaint Of Lazard Levy. Levy as
serted that he gave Wade s125 as the
manager of a concern called B. Metz &
Co. and got nothing for it. B. Metz 6
Co, It is said, made speciality Of pro-
curing capital for corporations in want
of it
The promotion Of the auto machine
gun was Wade's next enterprise.
demonstration of the gun before report
ers was given at the Stapleton plant as
late as August IL.
The Rose suit came before Justice
Brady on a demurrer entered by the de-
fendant Rose on the ground that he was
in no way responsible for the alleged
damaged to his brother. The court sus-
tanned his demurrer.