The sun. [volume] (New York [N.Y.]) 1833-1916, 1910-07-29
|. MRS. ". 7. BULL SAYS
She WAS SWINDlED
Two Promoters Who Sold
/. Her $4,000 Asbestos
Stock Are Arrested.
REPORTS FALSE, she SAYS
President ]. A. 0ualey and
Treasurer Corbett the
Prisoners.
REPORTS FALSE, she SAYS

John 4. Qual.v. who has been IN trouble
before was arrested At the Hotel Belmont
yesterday on a warrant from Newport.
X J.. charging him with "~tndlng
Mrs Mary Ne.lns Bull. widow ot Or
William T. Bull. out Of SIS, 600 with worth
Less stock. Qualey said h. was "A manu-
facturer and lived in New Rochelle
Harvey Wiley Corbett 81 al West Twenty
first street who went To the Tomts court
with Mrs Qua!cy TO see how Qualey came
out. was arrested IN court on the same
charge
Mrs Bull had $50. 600 life insurance
money IN addition To her other interests
in DR.. Bulls estate. QuAley and Corbett
met her IN Newport last jane IN jewellcr' .
store Qualey was recommended To Mrs.
Bull ~ a CAPABLE business man who might
ne IL assistance ia investing her money
According to Charles l. Craig. Mrs.
Bulls counsel. Qualey talked Of his Yacht
In the hay a. \e~ Rochelle. and Of the
cottagc h. was building IN Newport. with
the result that Mrs hull was impressed
with hl- responsibility. Then he made
mention. according to the lawyer, Of CON
tracts Ia deliver TO Broadway builders
the plaster he was manufacturing. Next
came a story about the MagnesIa Asbestos
Company Delaware corporation 81
which he was president and Corbett
treasurer
The asbestos company. Craig says
! QtIAley told Mrs Bull. VAS organized m
, 1879 with an authorIned capital of $4,000. e
co. common and S:jO. Oo0 preferred stock.
Tn. Offices were az l22 East Twenty fifth
street and there were valuable plants at
Newark Y J and at Seponset. Mass
which were turning out the company =
~ oduC' Qualey told her. Craig AYERS.
that Allan Ryan thought 80 well Of the
company that he was going Ia invest
81 go oO0 IN t. II seemed also that there
was "A contract with the United States
Government that "a hrin glng in a lot
uf money
Mrs Bull decided To invest in MAknesia
Asbestos and on June 81 made out a check
To the order of Corbett a. treasurer for
SlSuOU. which. Craig says. was delivered
to Ql.aley and cAshe1 by him. In return
for this she got $50 shares Of preferred
and JOo Of common stock. IL II allegei
that a second check for $4,000 was given
to Qualsy on June 20 In payment for
/ 400 shares Of preferred and 700 Of common.
Mrs Bull doesn't know why she became
suspicious. but when ouAIey came back
for more money she sent an agent 70
S-ponset and got report that there
was no nlant on the oompany's property
there There was a building At Newark
hat according to Lawyer Craig the Mag
nesia Asbestos COMPANY didn't own il
and the value ~ tn" plant depend~d upon
the uractirAhility Of the chemical theory
uUon which II Wa- built Mr. Craig said
" hadn't b..H much u u success 1her.
hal been Government contract. hut
according Ia craig it had been forfeitet
pu account of the company'S faiIur.
to ar' under u aud = surety contrary
pad u-ral''-S
Mr. Bull compliance 20 tn" Authori
tie~ m Newport thai sh. had been swim
il.i 10y means "f false representation
ami a warrant Wa issii~d James A
Crowley thief 81 Police of Newport
cam. to New Work a lew days ago 10 looL
Tor Oualsv ard Corh-'t The promoters
y J. asserted 10y Craig. still hope 20 inter
with him Nr RYAN assIstat Mrs Rul
hv Keeping N touch with them
Qualey went 20 the Belmont yeeteT day
Nv auppIntmsnt and Va- pointed out e
Date tlVes Pri",' and Bowl" nv Mrs Bull
After the arrest tho ds'..ctlNes took OuAlsN
fugitiv" from iu-'lr.' They hadn't b,,er
~ IN" court room long when Price spice
I"rh~r and Mrs (Ial"y On - lench in th'
aUdi"nr"
MagS'rat" HouSr declined to- take 'Iris
dic'I"u Il th" prisoners because Quaiey
V,v- arrested o,Ii-id. the rornl~ co,ir
district They we're refnAnded To Polio.
Headquarters for arraIRnn"n' in JeTrr
son Market court this morning Johr
= N,lntyr". their lawyer. tired IN ge
them out IN hail la; night. and raid h.
would get wr.' haheas corpus this morn
ing u h" had 20
John Qusl"y was arrested in ip0
IN complaint ~ Leo kressar who -aic
D." had paid Qualey 81 on for stock "
consideration - his appointment a
, engineer ~ m" NAsneSiA krbe-tos plant
The ca~s' vas settled or ~ court
In 1879 John 4 Qualsy war arrested II
New Jersey and brought 20 this CITY a
N" instance - Patrick Egan. Al that tim
Tinted States Minister 10 Chil. wh,
char god hun with stealing Jpn shares q
Z N" Tinted States tarbOnA,a COMPANY
r Roth Quai-y and Egar claimed IN" pr~sl
d"ucv Il IN" COMPANY Oualey Was &C
gu''"d