New-York tribune., 1910-08-23
WON'T VACATE ARREST
Court Says Allegations Against
Promoter Are Substantlated.
HAD SOLD STOCK FOR $500
Investors, Who Had Been Let In
for Friendships Sake, Sue to
Recover Money.

Mining ventures. which have brought 20
many persons into the public notice OF late.
have added Georges Le Provost 70 their list
OF clients as publicity experts. Anton kor-
cInck has obtained an order Of arrest for
Ie Provost In A civil suit to recover 2,509
invested in the shares OF the Coorelajo
Gold Mining Company OF Mexico. and JUS
tice Bischoff yesterday refused TO vacats
the order of arrest. saying Korcinck's aff-
davits we're we'll substantiatsd-
According TO the affidavits fled in tns
case both men we're connected with the
American Designing and Reproducing Com
panv. and Korclnck was thinking OF buy
ing a home. when Ls Provost said 20 him:
Don't be so foolish. Never mind buying
house. In year you will be able 70 buy
ten houses like the one you want to buy
now, and you will have the money 70 pay
for them.
II is Mrs Korcfnck who tells this part
If the story. Anton begins IL by saying
that in January, 1909. lie Provost first told
him of the mine. saying that its stock
was very valuable, 10000 had been spent
on the development OF the property and
building stamp mill. and dividends would
soon be paid.
No one, lie Provost said, according to
Anton, could get stock from the company,
but he had been 50 fortunate as 20 pick I'D
little from the miners. who had taken It
for pay IN, lieu Of cash. He would sell
Korcinck a little, because he was a dear
friend, and the only friend who could get
the stock at any price
When Korcinck began after year or 30
to ask about the dividends he says that hs
found lie Provost very evasive, and then he
brought the suit. His wife. Elise, who
owns half of the stock, then adds her testi-
niony.
According 10 her. Le Provost said that
the manager OF the mine was a Mr.. Thomp-
son, who had formerly been the engineer
and expert for J. P. Morgan, but this mine
was so rich that he could nor afford 20
work for Mr.. Morgan any more He had
10 throw up his job to manage the Cor
relajo property.
why don't you keep the stock your
seif?'' she says her husband asked Le Pre-
vost-
Anton, I like you am yoUr friend"
she says LIE Provost replied Il want you
to make money. I have plenty os people
who would be glad to get this stock. but
will give 1t 10 no one but yc1-
Henry l. Kowalski attorney for Korcinck
says that ne nad TAX WIN Le FlsVos''
and lie Provost said that he could not af-
ford to buy the stock back Kowalsd says
he told lie Provost that lie Provost knew 1t
was the same stock that broker had tried
TO sell at Brighton Beach last year for 3 %
share. saying that he made 81 > a share
OF It at that price.
LIE Provost says IN his reply that he told
Korcfnck that the company had s225,of9
capital stock. which was held by a few
persons, and that It might be years before
it paid.
He says that he first learned OF the prop
erty from Felix Kahn, the president of the
company, and that he bought the stock
for from 81 q TO s. a share and sold it for
from 81 TO So - a share The stock sold 70
Korcinck lie Provost said he got from Kahn
and sold at s. a share.