The Nome daily nugget., 1910-08-15
DETAILS OF BIG
 WIRELESS FIGHT

NEW YORK United Sfuta4 post ollie, inspectors rti,iyd thr handsome Broadway offices uf thu. United W,r,- loss. comraHy. and caused tisy arrest. of Christopher = Wilson. president 4f. th, company samuel S HlEut first vice president and Y Tomrkius. pre- =idgnt af the New York selling aerutt. N .ase officers of the wireless company -ay was formerly their fiscal agrHg hut has ceased ta represent them Chief Inspector Mayer later gave uut I formal statement n which II, changes that. though the company had bean running ata a tass thr rri,e of its sh.u-s had been advanced hv mauir- uIatiuu to fictitious values and ,".st the afue.rs or t5,. company have sofd oat tHeir stock to #tHe general mhHa tt t profit estimated n one instance at= between five aud Ion millions. with othar instances m proportion
 Wilson vas released H Ea7.oaa haf. and Eoealr iu Stuoeu bail Tor appear luee aH July 1s Tompkius was at- rested on his rarm near Nlah"ruc Falls. \ Y. and brought here for al- raieument He could not find the sIa.- uua hat required and spent the night ir tre Tombs
 T.c cumphtqt on which warrants sysua issued is drawn an information vf utter E. Eerue. Il rasfatiise u.-
 regtor. who deposss that the grounds ,f his beliefs are official iuvtstig8- tteH- made hy him on information ot- ta5Hcd By him irom the books of the -tfd Ufrctzss telegraph company aHd the inspection of letters and envelopes -eHt hT the postoiHer establishment ef the CHitcd State through n. Guitet Starc- mail The specific instances af alleged fraudulent Us, ef tho mail, i- given a. the mailing of d letter an March. 9. 1910 to Michael o'Brieu uf Watcrhurv. Conn.
 @Thery are 2S.nnn shareholders of the company throughout tn. country. aid Inspector Mayer in his statement many uf whom htv,. placed their say iues m the stock of the camranA taaush falze representations made ly Itsaltieers. The r,aI assets or th.. com rany. consisting of Iand. patents. maH- uf1cturing plants and real rstat, of tII kinds. appear L. he worth S40c .uau. or an actual worth of two cents shar. al bar value Two million suarc' uaHr been issued al a par value of Slo Ia share. hut the stock has recently been put up te x5o a share" rlus argues the inspector in his statement. | "Ey taking the last amount quoted | ,$4ooooW of actual assets. is really worth as s4Oo.ooo Is tu $1ooooooeo. or soo4 a share"
 X resume of the companys history follows The inspector says Il was originally incorporated under th- laws of Maine in 1904 as the Amalga- mated Wireless Securities company and that it had merely legal exist rHcc until il changed is name in l@n6 to it's present title. and took over the assets and business of the drfunct American De Forest Wireless Tele- graph company. which was then run ming at a loss. and in default in rs bonds. exchanging therefor is own ze- curities on ten for one basis.
 At this time" says the statemtat
 when officers of the De Forest com pany were secretly conniying to abandon it and leave the stockhold- CTS a mass of wireless securities. iis stock had been forced to an alleged value of $1250 a share or s250 abov, par In the statement issued to the stockholders (of the Unitcd) ther' up- peared as an asset stocks and bonds in other companies. S1414s6lo Thi-
 refers to the defunct American De Forest wireless stock.
 Yet to the persons who ask for exchange of De Forest for United
 Wireless there is sent out the state ment that the De Forest is absolutely worthless.
 Another item in the staten, nt sent out to stockholders was patents and patent reports. $5,52O.293. Tae