New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-06-17
White Turned Away Millions.

Then the former backer of De Forest
Fls about to leave the building he was
Gssed about the charges made against
ts officers Of the United Wireless. Mr..
Ttite would not say q word against
hsn personally. but launched into
Tzise Of the future Of wireless teleg-
nlhy When he had exha usted this
asne be said.
iay IS the best and largest system in
z world to-day. but ! have no connec-
r. with il or any other wireless COM
ny ] withdrew voluntarily-Uas un-
Ing 70 permit my name to be used in
sale Of wireless stock. as was un-
& 10 control the printed matter sent
Py the selling agencies. ] saved the
sitsss business originally from total
Il when / backed De Forest. I can
~Eo into details regarding the charges.
hlam witness for the government.
want TO warn stockholders Of
--isd Wireless not 20 get panicky be-
-s CT these arrests and sell their
ssek 70 brokers. who will offer them all
~ O. Inducements. ] look for inter
alAs deuelopments Is the result Of the
'tSlgatica. Of course. ! could have
~ae few millions in the last several
@S N United Wireless. tut kept out
Ky he'd altogether ! hope the gov
r'eff tarashing machine viii separate
"hest from the chaff SO that the
'-'-sss may be put on its feet. l may
zoe to hslp materially
II White denied that -.braham
-'sf Tas back Of him in the case.
1Faoet knew. however, of Mr..
-ss connection with the invest:ga-
Nhen he was seen in the afternoon.
"h-te resigned from United Wire
: Nay, 1891. Mr.. Gruber has copies
- oomrany's minutes. At one OF
meetings Mir Tompkins made
- n which he called Mr White a
!. 'enefactor- That was. of course.
- white LETT the company It was
I'd; Ny Wilson froze him out. Mr.
~, mas letters from Nr. Wilson
- are expected to figure IN the in
'1ioh- The lawyer said that he
i ..'ssa'eo stockholders in the West
unable TO sell their stock be-
vas not transferable.
aaysrs's statenent Challenges.
sssl ne ofhees Of the company. No. 42
<sss lAere VAS much feeling be-
asas, TIE statement issued By MI
- the Fostofice INSPECTOR. who
r., ., inquiry that LED 10 the ar
sss,, iAere were inaccuracies II was
- oI. and when DIr. Mayer was
=. .alf about the figures re declined
saa ~ = ytAng. The statement put out
ssl Dr. a Broadway contained z gen.
ss 81 0i OF everything that Mr. Mayer
h Vs. g that the fiscal agents in
sosistss" "efe not financially sound was
ss IT, e-so that the company ever
ssfconS = A-c large holdings IN the
tse :. 19Hp2ny- The advance in
Ia Ssss N nited Wireless stock
u ~ - Ra0e been justified because
Eay T. .eaSeQ business Of the COM
go@L Nas deried ern,5naticaliv that
sisi-lrsp s,1-a - o1tsiaers was stamped
n s.ao,- iIabir until February. 1911.
Is ori.- - stamped il aas declared.
Ls,ities al iss1ed IN exchange for
- ius+.s - De Forest company.
1ees "a lie sale 81 stock by the
- ,hs ne company il was said
2 kslar,,e uz.tes given 10 them were
>sek ana q q ne selling price of the
,a7g p,cr, iof cash advanced by them
'afelf.s privileged 10 sell TO recoup
'''lleses Just as other holders were
tF had 80 80 SCI the stock for which
ssi H. ..aie cash. II ras also denied
70 tbs e.iag exnsnses we're greater
~ u - ems Then the company
'aszeger +s eharge by Nr. Mare- that
ne" contract was obtained
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