Newark evening star and Newark advertiser., 1910-07-08
BOND SCANDAL
PARTICIPANT WAS
ONCE JERSEYITE
Charles E. Wellborn Posed
as a Wealthy Promoter at
Weston, this State.

Charles E. Wellborn, who Is figuring
so prominently, rather SO notoriously
in the Carnegie Trust 100000 bond
scandal, is known IN New Jersey. He
lived from 1900 till 1902 at Weston
where he posed as a rich promoter.
Not until December OF 1909 did II
become known that WeIlborn was not
the possessor of fortune. His wife
Agnes was of charming personality
and the Wellborns were among the first
people of Weston to have an automo-
bile. They entertained lavishly in their
beautiful home, and the neighbors
though 1t an honor to enjoy their ac-
quaintance.
Not until Joseph A. Stoll, of New
York, brought custer proceedings in the
Court of Chancery against Wellborn
did 1t become known that the Well
borns did not own the house they were
residing in. 1t developed that Wellborn
had bought the property like he has
lived-on his nerve. The Wellborns re-
fused to vacate the premises and the
real owner instructed Lawyer Robert
H. McCarter. of this city. to proceed
against them. Foreclosure proceedings
were brought before e-Chancelior
Reed. of Trenton. and then Wellborn's
shady career was exposed.
1T Develops" said Mr.. McCarter to-
day to an EVENING STAR man, that
WeTlborn was a first-class buffer. l
cross-examined him and he brazenly
admitted that he had been an inmate
of two different jails, one in Florida
and one In Kings county. Long Island.
He talked of these episodes lightly and
called them mere 'boyish scrapes
"The vice-chancellor gave us permis-
sion to take testimony in Florida, and
his criminal record there was un-
earthed. We proved that he served a
Jail sentence for a shady real estate
trapsaction. and on one occasion he
shot a sheriff in Florida to avoid ar
rest. My recollection Is that he was
never caught and tried for that Of
fense.
1T was an easy matter then for us
to win the case against Wellborn and
his wife. When they knew OF the
damaging evidence that we had Sc
cured they picked up their belongings
and disappeared In the night. The
Weston people have never set eyes
on them since ana my client secured
possession of the property. the court
signing the decree.
weIIborn IL Accused.
weIlborn, who is president Of the
Titusville Northern railroad, Is report
ed to lie the owner of the $780, 900 bonds
which figure in the financial juggling
disclosed In the suit of Charles w.
Chapman. q broker. OF rs Broad street,
New York City, against the Carnegie
Trust Company. He deposited the
bonds, 1t Is declared. with Chapman to
get loan OF $4,000, which the broker
negotiated from the trust company.
Then the broker borrowed other sums,
paying. he says, usurious commissions,
and these later loans stand against the
bonds the trust company holds.
Chapman asked District Attorney
Whitman to Investigate Wellborn's
record. Assistant District Attorney
De Ford Is handling the case and he
has advised Chapman to remain quiet
until the grand jury concludes Its IN
duiry. The records that figured In the
suit prosecuted by Mr.. McCarter win
probably cut quite q rgure In the dis
trfct attorneys investigation.
wenborn's side OF story.
'Originally / had an agreement 10
sell an issue OF $500. 900 Of the Tftusville
bonds at s5x through my brokers IN
T.ondop." said Wellborn to the news
papermen today. "A block Of t75.ooo