The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-10-14
He Is Charged With Be-
ing Head of Swind-
ling Scheme
MANAGER HELD,
BOO KS SEIZ ED
Warrant Issued by Federal Au-
thorities Accuses Redeemable
Investment Company of Us
ing Mails to Defraud.
Plass Indorsed by Bal
linger and Others.

Boston. october 13.-E'ederal authori-
ties visited the extensive offices of the
Redeemab Bile Investment Company. at
S5 Devonshire Street, to-day and came
away with Manager Charles Fl. Brooks,
the books of the company and several
thousand dollars In cash, all taken un-
der warrant charging the company
with the use OF the mails in a scheme
to defraud. officers tonight were hunt
Ing for Rev. Norman Plass, the pres
ident of the company, who had the
alleged Endorsement of Secretary of the
Interior Richard A. Ballinger, the late
Associate Justice David j. Brewer, of
the United States Supreme Court: Sen
ator Charles Curtis. of Kansas. and
several local congregational ministers.
Rev. Mr.. Plass was for seven years
president of Washburn College, at
Topeka, Kan.
Compnny's Claims.
The raid on the Offices of the com
pany in the Devonshire Street building
was Of great interest to thousands of
investors in New England and other
sections. The Redeemable Investment
Company was organized three years
ago as a holding company with a
capital OF s100O0,00O Circulars found
in the Office say that the company pro-
q, notes only those properties of which
troll. and that the stock is not listed
as the company's redemption fund fur
nished market for the stock on de-
mand at price in no case less than
! the price paid the company. together
with at least 6 per cent. for the time
- has been issued
The circulars also say that the COM
| pany controls the Santo Domingo Min
! Ing Company. which is said to own So
| per cent. of the mines of Jalisso, Santo
Domingo. and a ranch of 10000 acres
in the same State; the. Norman Plass
/, own s5s,ooo.o ooo feet of timber in Brit
1 ish Columbia; the Boston and Canada
/ Wheat Land Company. having 10000
acres Of land in Canada, and the Oke-
Snogan Development comra1y, Of Wa sh-
John P. Feney counsel for the com
pany. said tonight that the officers
welcomed the fullest investigation and
Examination of the books. and We're
confident of the outcome.
Rev. Mr.. Plass. the president of ths
4 company. Is graduate OF William II
College and the Yale Divinity School
coin. Neb.: Media. O.; Cincinnati and
4 Darlington. R. /. IN 1897 he was State
superintendent OF the Rhode Islanc
Anti-Saloon League, and later agen
OF the Congregational National Hom'
Missionary Society.
1 The literature of the company con
"A tains alleged Endorsements of Mr.. Plas:
from many prominent people, Including
Secretary Ballinger nnvn who says p1aln N n, ~
many years; that he is worthy OF con
fidence and respect, and ADDS that n
ds sure Plass would not knowingl!
misrepresent a business matter.
!. Pnrdoned by Roosevelt.
III Mr.. Brooks was born in Councl
Bluffs thirty-nine years ago. Accord
/, ing to the Federal officials, Brooks wa
, arrested in st. Louis six years age
tried and convicted in connection wit
ltha land frauds of the Rialto Invest
, ment Company, of St. Louis and sent
enced to eighteen months IN JAIL, bu
was pardoned by President Rooseyel
. on the ground that he had 1urnlshe
), | valuable evidence for the governmen
!, lin the trial Of United States Senate
: I The ne officers of the Redeemable In
: yestment Company are as follows:
President, Norman Plass, Bostor
) vice-Presidents, ]. Austin Pharaoh
; worcester; George A. Blauvelt, OF Ne'
!, York. and William II. BRYAN. of Ne'
York. Secretary, George B. Graft, {
. Boston. treasurer, j. I. Trappagon,
Boston.
l Manager Charles H. Brooks was a. =
+ raigned late to-day before unlte
. states Commissioner HAYES, ana late
q released on giving $4,000 bail. He wa
!, ordered to appear for nearing Q
y October 90.