The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-08-25
Inventor ID epends x on
Ha1nrnond's IS Friend
shipiWith Pre- esd lent.
is PLA WING FOR
GIGANT nc STAKE
Comes Out in Court That Ham.
nlond and His Son Have Pur- 8
chased All Treasury Stock in
Company Promoted by
Former Convict in
Sing Sing.

Former Convict in
Sing Sing. H
Special to The Times-Dispatch.1
New ork, August 24.-Through
suit before Supreme Court Justice,
Brady to-day, In which John Hays
Hammond and his son, Harris, are de-
fendants It came out that the Ham
mondssare associated with Henry Clay
Russell Wade. who has been IN Sing
Sing in the promotion Of an auto &
machine gun, and letters written by
Wade to aid In the sale of stock, have
stated thai Though Mr.. Hammond's
friendship with President Taft the
promoters expect to sell the gun to- tho
United States government for at least
BS25,000.000. The letters do not name
Mr.. Hammond. but refer to him as d
man very wealthy. OF very high stand
Ing and closely associated with Presi-s
dent Taft" and state that he has pur.s
chased all the treasury stock. Il
1t was learned that Mr.. Hammond,
all the $4,000 treasury stock and $25.-i
900 more that Nj. Wade and one OF;
his associates turned over. The othes
associate is Arthur NJ. Rose, formerly
a Pittsburg promoter. who was let into
the company by Wade because he
claimed to be able to interest Mr.. Ham
imond. The suit before the court was
brought by William P. Rose, Arthur's
brother, to recover $4,000 from Wade
the Hammands and Arthur Rose.
Fires 2,OOO,0O0 bullets an Hour.
In his complaint. filed by his
Lawyers, Campbell and Madden. of 203
SErnod1vav I3nca q TIM n a.
Autos Machine Gun Company was In
5corporated in Delaware toaexploit the
"auto-machine gum which Is declared
to be notseless and snoke1ess and
capable of firing 100000 bullets an
hour. He contracted with Wade to-
sell 1000 shares of stock. and Wade
had agreed to let any Of his pro-
spective customers see demonstra-l
ton of the gun.
number of persons who said they
would buy X the Demonstration wa !
satisfactory. and they We're invited
to witness a demonstratfono ong JunS
20 last, In the company's plant al
sStap1eton. Staten Island. Rose sayx
that short time before the demon
sstration was to be held Wade counter
manded It because he had heard that
Rose had invited members OF the.
publicity at that time because he was
AFRAID itstwould interfere with his.
negotiations later to sell the gun It'd
the government. BY calling of the
demonstration Rose says Wade pre-
vented the sale of the stock and
caused him to lose $4,000 in profits on
the stock. fsss sisss ISL
The auto-machine gun s. the inven-
ton on. OF one Bangerton. j. who was super
1ntanHan ftxaIf
owned by William II. Marsh in AZ
lyn. 10 r ssever eral years SBangerters was ii
working on the Invention at Marshss
factory, and Mr. Marsh was backing
It, IN May. 1905 Mr.. Marsh was 81 tten
by a. pet bulldog and died Of hydro.
.phobiss Bangerter then look ed aroi,nd
for some one to aid him to develop ftlna
gun, ana ne ran across Wade. who
took it up. w ss Y - 5. :,
Letter Was Useful.
The capital stock OF the GONNA nv
has q par value OF $40. but in I- Ma 81
last It was being sold in Wall straatsS
Tor as high as $50 a share. one man
VINO who was selling 1t had copies 81 8
letter from Wade. which were use-
ful when the agent was letting any
one In on the ground floor, The lie & tar I
said In part: @ ssss; sss;
he company was organized in 4 tha 4
latter part OF December, 80. with a.
capital OF s5o0,Ooo. and being desirous
OF raising only 500, 900. that being a II:
the capital required to sbuild q stan.
dard dare size gun@mounted on automobile
trucks. oil encased8in armor plate so i:
that II can be taken to the proving
ground at Sandy Hook, or any where "A
else that he owner desired. succeeqsd II
IN bruary In disposing OF all tho
tral NJ
man, Fi 4 f$g
# The proposition Is in no way 81 a n
stocksj jobbing scheme. and only requires
sufficient money to build one standard 3
size gun, Early In March the COM
ipany took large, fully equi ipped fac-
tory In Stapleton. and since that tfmess
has been building a gun. #
We have had an o fer of 1000 900 81
from an English syndicate for the 9ex-
elusive light Of the world, also s6, 900,
900 from the Abyssinian goYernment.is .is
and $4,000, 600 by parties representing
Russia. These offers mo way an ttces a
us. because we are perfectly satisfied:
we win get ataeast s2o, 10000 TO sa5..s$
gentleman who II purchased all oursS
treasury stock is very wealthy, 81
very high standing and closely ass,
ISOLATED With President Taft. and III tss ktssss.
connecti ons with all the high gove,E ss5as
ment officials will enable US to Ss.sss s.sS
from this government the highest Spos ~ -
sible price for the invention. He I'M
formed me one day not long since III
that he did not constdeEs
from s25,ooo,o0o to IS 1000. 900 4 exorbit
tant for the invention Il II lit te---Ssill id
all we srepresentstt will. 3sS & hi
We expect to have the gun conl~s8
pleted in October. and at a d demonstra-sss
ton at that time attaches from fors
eign governments will ibo present.
From the time the demonstration ID &
made until Congress Econyenes, six
weeks or two months. we wi ill haveAS
an opportunity TO get bi rom al Il \
the various governments, and uncles \
Sam win have TO pay q price equal tct
or greater than the others. 3ss.sSs fsi.s
I In all my experience in the ban taaasS
field. I have never discovered anyfhinass
so wonderful as this lnyent lon Ntt9f isil
you, stop to consider til at one Of thesA 81
machine guns with Il; tive men to opsk