The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-08-07
POLICE EXAMINE
BOOKS SCHOOL
e------A-l
Found to Be Closely Identified
With Magnesia Asbestos
Company.
MRS. HOPKINS IN CONTROL
Many New Facts Brought to
Light in Alleged Stock
Swindle.
MRS. HOPKINS IN CONTROL
lfsnecialto Tic Times-Dispatch.1

kins. president--and the Magnesia-
Asbestos Company, operated by John
A. Qua1ey and Harvey Wiley Corbett
now under arrest on q charge OF
swindling Mrs. Marie Nevins Bull out
of $4,000. was shown to-day when the
police completed an examination of
the books of the school. These books
show that most of the investors In
the stock of the Observation-Disclosures
Company we're associated in one way
or another with the "philanthropic'
'enterprise promoted by Mrs. Hopkins.
The greatest work accomplished by
Mrs. Hopkins in connection with her
school was the raising Of a building
fund of quarter of million dollars,
which Is now represented by the In
stltution at Thirtieth Street and Lex
ington Avenue. Toward this fund.
John d. Rockefeller gave $4,000. and
J. Pierpont Morgan, $4,000. John A.
Qualey appears on the books as con-
tributor to the extent Of $1,000, not
in money, but In building materials
Qualey also appears on the books as
| q director of the school. and his part
ner, Corbett Is listed as an instructor
and member of the library commit
tee.
Kept In Control.
That Mrs. Hopkins kept herself in
absolute control of the school, how
ever, Is shown by the fact that she
holds all OF the, important Offices Not
only Is she president, but she Is also
chairman Of the board of directors,
chairman of the advisory committee, a
member OF the art committee, a patron
by virtue of contribution OF $500
in 1892. and the founder of perpetual
scholarship. The scholarship costs $50
a N,n ~ a l-,z 90
the honor is expected to pay $40 addi-
tional. Mrs. Preston Satterwaite, who
invested $4,000 in the stock of the Mag
nesia-Asbestos Company, is also the
founder of perpetual scholarship in
Mrs. Hopkins's school. 1t was shortly
after she became interested in the work
OF the school that Mrs. Hopkins told
her about the wonderful company
founded by Qualey and advised her to
invest. She Is said to be as anxious
now for the recovery of her money
as Mrs. Bull Is for the money she in
vested.
Mrs. Romulus R. Colgate appears on
the books for the school as an associ-
| ate member. This honor costs $40 a
year. 1t was Mr.. Colgate who secured
bail for Qualey and Corbett through a
surety company several days ago
Mr.. Colgate Is a friend of Corbett
He is said to have invested $4,000 in
the Observation-Disclosures Company as the
result of a talk his wife had with Mrs
Hopkins. Mr.. Colgate has not yet lost
faith In Corbett and Qualey. He ls
said to still believe that there Is a
chance of the Magnesia- Asbestos Com
pany surviving It's troubles.
Dana r. Pond, who is now In Europe
with Mrs. Hopkins, appears on the
hn MI pf
as an instructor. Mr.. Pond has re-
peatedly given interviews abroad to
the effect that Mrs. Hopkins would re-
turn to this country by the first steam
err to defend Qualey and Corbctt In
the conduct Of the School of Applied
Science Mr.. Pond has appeared as the
principal friend and adviser of Mrs
Hopkins. He is an artist and is said
to nave arranged the exhibition of pic
lures by Mrs. Hopkins at knoedler's
gallery, on Fifth Avenue, last Novem-
Der. UP to the time of this exhibition
no one had ever known Mrs. Hopkins
as an artist. Even intimate friends of
years standing had never known her
as painter, and they were dunfound-
ca when number of pictures bearing
ner signature We're exhibited. Mrs
HOPKINS was known as a patron of art
ana friend of struggling artists but
never as painter. The pictures were
Withdrawn from Knoedlers after a few
uays ana have not appeared anywhere
| since.
Three More Charges.
- was learned to-day that before the
eManlhatlon OF Qualey and Corbett,
Mh'cn goes on Monday afternoon be-
.uie na s!strate krotel. Is concluded
three distinct charges are to be made
/ Ia 80,
disposlns OF the stock of the Mnpnesia-
Asneslos Company they represented in
WF!tlng that the company was in nc
i've operation; that It wa sdeliverinr
| Us products In New York CITY from tf,e
NeWark plant and declaring regular
alVldends. In view of the fact that
mot wheel has ever turned In the fac
tory, 1t is alleged that investors nrin-
cipally Mrs Bull, Were induced to in
We, tneir money under false pretenses
ing second charge Is that Qualev
ana Corpett issued and sold bonds of
tne company at the time that the
pant o. the company was mortgaged
io' sieo'ooo, which Is said to be near
llen on property, 1t is charged that
Qualey and Corbett were guiltv ~
criminal offensei In selling bonds an .
plant that already bore three mort
cages.
The third charge. which, it is said
VIII not be pushed unless it is abso-
iutely necessary, Is that the two mon
sold stock right and left without the
formality of placing stamps on the
certificates.
number Of architects. who were
induced to Invest in the Magnesia- AS
bestos Company by Corbett held
meeting to-day at the office Of proml
nent lawyer, The matter discussed
was whether or not Corbett had been
deceived by Qualey. At the conclu-
sion OF the conference, It was an
nounced that Corhett's old friends had
decided to stand by him II he agrees
to tell OF his cnetire connection with
Qualey and all of the facts concerning
the organization and floating of tho
Company. If he re-
fuses to give testimony freely and
openly, 1t was said that he viii be
allowed to shift for himself,
The detective bureau has had men
working on Qualey's record ever since
Mrs, Bull made her charges. To-day
It was learned that not only has he
been under arrest before on charges
similar to those brought by Mrs. Bull
but his brother, Ignatius Qualey, sorv-
ed year IN the penitentiary because
OF his connection with Larry Summer
field In the Horse Shne Conner Mining