New-York tribune., 1910-10-07


William H Barnard. director Of various
banks. trust companies and industrial
corporations, said last night th;t he had
been induced at first to consent TO enter
the corporation to please an old friend,
who represented that the business was
TO be s. good one This friend. he added
was in absolute good faith, and Munroe
had been represented as one of the sales
men Of the new corporation who had
taken part in organizing the company
81 had no knowledge Of the mans an
-e. e.e,ientE.'' added Mr- Barnard. "and 1
did not know that my name was TO he
used in the organization Of the company
When heard within a week that Mum
-,,e had already made q record in stock
sales in New York and that my name
was being used TO further the affairs Of
the new company. and further. when I
heard that the new corporation purposed
TO handle the stock OF a company placing
4 new. appliance of which knew nothing
On the market, called in my friend and
asked that my name be withdrawn l
do not wish 70 have any connection with
+Fe affair under present circumstances.
Knew of No Board Meeting.
J AspinwaII Hodge said he had acted
as attorney 70 organize the company and
that his name appeared as q director
but so far as he knew there had never
been a directors meeting
II never heard Of Munroe before" ne
added, and I had no interest In the
affair except as an attorney to organize
the corporation"
Mr.. Schuyler said last night that Mum
roe had nothing whatever to do with the
renting Of the premises at No. 10
Broadway and if he went there to look
after matters he did so without any au-
thorization.
George II. Munroe has had q spectacu-
lar career in the financial world In
1894 he and his brother opened = haoer-
dashery in Montreal. When the mining
craze spread over Canada the MUnroe
brothers, both young. went into mining
stocks. 1t was generally understood
that they represented other parties
whose ordinary business precluded their
taking part in such enterprises
The Munroes first burst on the finan-
cisI horizon Of New York in the spring
Of 1904 with the Boston and Montreal
Consolidated Copper Company. They
took 2 party of f7nsnciers to British
Columbia on James ] Hills private car.
and showed 2 lot Of properties as the
Boston and Montreal Then they came
TO New York and established what was
known as q stock laundry in Broad
street As q result of their operations
Alexander H. Loou1is. vice-president Of
the National City Bank. was forced TO
resign when II became known that he
let the Munroes have $4,000 dav for
''vssh sales purposes and the firm Of
| Farson. Leach & Co. was dissolved on
! account Of the connection of 4. z. Leach
with the Munroes They vent through
the bankruptcy court but in the mean
time took up the sale OF Marconi stocks
Take Up Mzrocri Stocks.
/ Through the influence Of George H.
/ Nunrcs's brother-tn -law, ! y Green
/ shields, z leading LAWYER Of Montreal,
/ the Munroes became selling agents Of
/ the Marconi stocks There were three
/ Marconi companies. but the English
company disclaimed the Munroes. and
/ the stock they sold became known TO
the Street as "Munroe MaTconis" They
/ sold Marconi under the name Of Robin
son & Robinson. and Horace C. Robinson.
who supplied the information 10 the gov
ernment. was one Of the nominal part
ners Of the Arm. at No. So Wall street
He has been arrested several times all
over the United States. as has been his
/ father who also was supposed 10 repre-
sent the Marconi companies
The Munroes next appeared az No. q
William street as agents for a carpet
sweeping device, but across the hall was
the Arizona Amelgameted Mines Com
panv. IN which Senator John 2 Jones
and Stephen Dorsey, Of Nevada both Of
Star Route fame, were interested. and
II developed that the Munroes were con
nected with that firm. too As re
suJt OF Judgment OF the late Senator
Warner Miller George Il Munroe was
condemned TO pay $4,000 or 90 10 iail.
and he paid.
In the fall Of 1905 the Munroes ar
1 peared in Toronto. where, under the
name OF John D. Street & Co. they pro-
NOTED various conpa panies. They spent
money lsvishly as ever, but at all times
i George II Munroe was the apparent
heao Of the concern, though John .
Street seemed 70 think that he was the
real as well as the titular head. As q
result ~ newspaper publicity on the af-
fairs % the Bartlett Mines. Limited. and
the Berna Motors ana TaUcab Com