The sun. [volume] (New York [N.Y.]) 1833-1916, 1910-06-16
ARREST WIRELESS PROMOTERS
RJGFRlTDSI N PEDDLING STOCK
iIITGED m POST OFFICE.
u.,d Omrrr. Of United wireless InsleT
Hra,, Hail sIscE In a s2oOO0. 600
concern. alleged 10 Ne NOr'h stOo.-
600. sold az . Times Par Value.

I nnrerns Nufatu 70 W Wefth ENts+ss-
ooo. said At q Times Par value.
An Investigation Of the stock selling
Methods ut officials 81 the United Wire
90 ,ompanv undertaken by agents
.,f tho Post Ofice Department nearly a
.s,r ago culminstsd Yesterday in the
.rrs.' n Christopher c. Wilson and
samuel ; Bomrt, president and vice.
rresdsn' " tho company, and William
N Irmpsrns. president 81 the New YORK
SAILING Agency. which ADVERTISED United
v.-..s.s stocks They are accused Of
u.,ns M, nails 10 promote a scheme to
,si-,ud Nv selling, sometimes at i've
lines the par value, uany Thousand
mares concern capitalized az s100O.-
m ard alleged 10 h. worth only siOo,-
a, there arc $500 stockholders.
NIson and Bogart we're arrested az
IN. oAice. Il the company al g Broadway
Nv chef Inspector Mayer and inspectors
o.Rrsn and Keens Of the Post once De-
r.r.man, AZ the same time the Offices
n the company we're aided and an auto
mobile load Of books and paperS was taken
10 the FEDERAL Building TOmPkins was
arrested alter in the day at his country
home A. Mahopac Falls and went to the
romhs m default Of $1,000 hail The
fooss and papers Of the company in is
branch oiics az IS Montgomery street,
Jersey city. were brought 10 the Federal
Building by A G. Fike. transfer agent for
the COMPANY. acting under subp@aa.
WILSON and BoGart were arnained
fsfore Unted states Commissioner
Shieids. who held them for examination
On July {? Assistant United States A.
'orn4y Stevenson asked Commissioner
Shields to lN hail at $4,000 each, but Il
sas finally decided to hold Wilson in
IS and Bogart IN $1,000 The Ma
tional Surety Company went on Wilson'S
1ond and BOgart found a friend IN John
" Robinson Of Tea Neck. y J
How the complaint arose was not told.
h.' the opinion seemed 10 he that Abe
Gruler. acting for clients who had pur-
e.a,ed wireless stock. had set the Govern
nenr on. Arthur \. King. who appeared
~ Wilson and Bogart. said that MT
Grgter on behalf Of certain stockholders
bid informed he Post Once authorities
,aar the United Wireless was working
.-hame 70 defraud and had linked the
lsms % the wireless company with that
ai the New York selling Agency. 10 the
aCers before Commissioner Shields
Inspector Carter b. Keene states that he
his reason % believe that Wilson. Bogart
and Tompkins had devised a s0heme and
srfnc- - defraud Michael O'Brien'
,anosNrr tnspsrtOri and other persons
by alsely representing that the United
Niries, Telegraph Company included
nong ~ assets patsnt' and patent
nights % a value OF S.s1O. 7xs o., stocks
and bonds In other companies Of the
value Of Si4iE.asO. real estate of the
,all- o. S9a.2s2. furniture and fixtures Of
he vaII' u SIS. go and cash In treasury
al'tg and that ths surplus over the
labilt,e, q the company amounted 20
= 50 .3ga all Of which representations
we're fal-s The specific charge 81 using
ne mails j. based upon a BITTER addressed
u o Brisn
Inspector Mayer i authority for the
statement that by selling stock. much Of
Ea.rh vas got for nothing and the value
o' vhirs u held by the Post OGics Depart
mert m have been fraudulently stated !
me ~ the ONCE m of the company has F,
rsa1ed up over t5Ol0.DpD and that the
a-ura amount taken In u Close % t7O.- !
ru sU
lawyer King wouldn't let his clients /
nIs about thssa mattsrs he made ths !
following statement:
This myesti CATION hy the Post Once !
.-snerJors has been going on actively for
'hrrs months and potentially for q year
hey tired 10 hold NJ the mail az he Den !
v'r Office ~ the company They DO
tanned 'hs company's mail and sant word |
'ha' b. could be obtained Il some one IN I
auhDnfy was sent 10 got II directed
ny clients - send a clerk 10 demand the /
~. I'D % vas de'iysred 10 the clerk [,
Yah weeks ago they wen; = the Seattle 1
Fs,h ofice Of the comp0ny and 7
daIaa-'od Information aJOut tEs com-
Pa0v Upon advice this was refused and |
10 Pot Ofioe people we're told that the
roper lace 10 Apply was az the New York |
"~na hon inspector O'Brien was sent
'.ro 81 the West 70 gather up data con-
o-r7.1E the company's dealings Siftsd /
DOM rho charge IL that stock owned by
rerra'n officers u the company was sold
ed OUTSIDE purchasers and sellers prof
'sr
A..aI hire the officers u the company
49, aa stock which they sold Mr. King
''d '.'r goi % -on scrount Of salary and /
' purchase He aid too that he knew
.t.' rlsr--s against the company had
Zen -l0. by stockholders who acquired
'a:1s -'1.s illegally and who were refused
.'al 'sr o. stock on tho ground that IL
I'D 1r' cen rard for Il vas 20 this
.r.-' 'l.' Nr King meniioned tho action
'ss. tJ- Grul,er on i,ehalf of ceTtain
'na t'r- and u The linking Of the
"'.. be FireIesa company with that
% III. 'Hv Npra Selling Agency This
Nr.r 'r hlug ,aid had published adj
'.T.'"'.ts not authorized nv the wire
'1- and Two months ago the
'-ri,ng that II was dangerous
~ "'ss with - RECKLESS q concern.
.'' 11.ed Dc contracts Mr. King
80 ... rI" Nee Norl Selling Agency has
.' BUSINESS 80 far a. could he
Z .'7 hearty 80 ~ business was len
~ Il ---------- 49,