Daily press. [volume] (Newport News, Va.) 1896-current, 1910-06-17
United Wireless Telegraph
Officers Deny Accusations
of Inspector Meyer.
HIS ALLEGED MILLIONS
WERE NOT "CLFANE0 UP''
Statement is Issued from the New
York Offices in Reply to Claims OF
Government Representative on
Which Arrests Were Made for
Fraudulent Use Of the Mails.

Uiy Associate Prces1
NEW YORK. June While the
federal grand jury todAy was TAKING
up an investigation into the alleged
$4,000, 600 swinjie chaiged n con
noctlon with the arrests OF United
wireless Telegraph Company officials,
William W. Tompkins. president ui
the New York Selling Agency, arrest
ed at Lake MehOpac on the joint IN
dictmcnt W tn President Christopher
c. Wilson and Samrel c. Bogart. oi
the United Wireless Company. ap-
peared before United States commits
sioner Shields and furnished sl0.ooo
bail for his appearance.
TCmpkns was charged with Colonel
Wilson and Vice President Bogitft
with using the United States mails
for fraudulent purposes, and pcstof-
fee inspectors alleged that $50 00u."o0
of wireless stock had been sold to
the public at fictituusly high prices
and that the stock thus hold ng came
from the holdings Of Wilson and his
associates.
Abraham White, former president
cf the American De Forest Wireless
Company. absorbed by the United
Wireless. has. a conference this after
neon with the United States distr ct
attorneys Office and Inspector Meyer,
who is conducting the investigation
Mr.. White admitted that the
troubles of the United Wireless were
under discussion and pred cted inter
estlng Developments. He thought 1t
possible he might be called before the
grand jury.
At the Cfices of the United Wire
less today a statement was given out
in comment On the ciitisms OF the
company. issued yesterday by lnspec-
tor MAYER. in part. as follows:
Statement by Company.
The cond tions which existed IN
the American De Forest Wireless
Telegraph Company before its ar
quisiiion BY the United were not
br0r ght about by the present man
cement of the United
Nc literature issueu under the
present management Of the United
Company ever stated that it had
controlling interest n other wireless
telegraph companies, or that il had
large holdings in the Marconi Com-
p1ny.
AT intervals the market value OF
the stock was advanced, but this was
thcs orghly justified in view o. the IN
crea sing bus ness Of the company. II
is not true. as accredited &c Mr. Mey-
CT. that while the inside officers OF
The company were privileged to sell
their stock. II the outside purchasers
were required to accept stock ccrti-
fcates stlmpcd non-transferable. The
fact is. that all purchasers Of Tn ted
Wireless received stock which was
transferable On the books AT any
time md large amount Of this stock
his bccn transferred by holders IRON
time 10 line
Stuck Issued 20 officers.
The stock issued 10 officers Of the
United sor their salaries was based
uIon the selling price 81 the stock at
the tine IL was so iss,ed 10 them.
and tho stock was also issued Tor cash
advanced bv the officers. rcsching. at
one time. tho mount Of Si67.i2H. me
officers receiving it. in oder to re-
coup fhcusscivcs Ter their advances.
were thus privileged 70 sell. just as
other holder were PRIVILEGED TO SOL
stock for what they paid cash
The frthcr statement that oVer1t-
ing expenses have been much greater
tEln rccc pts. o. also untrue.
We a1rec Wifh Mr.. Mayer that
the real ASSETS ~ the company consist
81 land. stations. rltcnis. mauuiactur-
inr plants and real estate but observe
thai either through ignorance 90 inc
facts 60 With the intention 10 mis'c7d.
b. omitted vcrv important asset.
namely. tie number RI ships equipped
We deny thst any one officer OF az
thc omccrs. put together. hlvc clean
% rn s. o0o.e 900 and PISS b sio.o0o.-
eH0