Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1911-03-30
BOY PROMOTER
TELLS HOW HIS
SCHEME FAILED
Had Only $3.50 to Pay for Ban
quet Given to Subscribers
OF Stock.

1t developed at the hearing given
yesterday 20 Walter Chamberlain
Lamb, of &c Arlington avenue, East
Orange, in the East Fifty-seventh
Street Police Court, New York, that
he is a sort of boy promoter As
told in the STAR he was held in $1,000
bail on complaint of Manager Gustave
Schmidt, of the st. Regis Hotel, New
York, for alleged failure to pay a bill
of $3.50 The bill was contracted for
a dinner given for the purpose of Or
ganiZing a company to explore Mexico
and Central America. He expected to
get cash subscriptions for stock but
was disappointed. It happened that
he only had $3.50, and was consequent
ly unable to pay Off the spread.
Among the subscribers for stock In
Lambs exploration company, according
to him, are two local men, f. S. Black,
of ia South Ninth street, and James
Bronis. According to his story the
stock was given out at the banquet,
but unfortunately for him the sub
scribers did not BAY up in cash as he
had expected and he was consequently
unable to pay for the spread. Accord
ing to his story he has been a promoter
since hi left high school His latest
venture is said to have interested
Curator Dittmars, of the Bronx Zoo,
and both New York and Newark finan-
cial men.
Il nae formed a company which was
just about to be incorporated at &c.,
000," said Lamb, "and it was TO be
called the Yucatan Expedition Com
pany. I nave been interested for a
long time in natural history, n re-
Gently while I worked for Curator
Dittn1ars, l formed the idea to lead an
expedition into Mexico and Central
America to bring back specimens of
the fauna and flora of that region ia
this country.
MIR. Dittmars liked the idea, he
was slated for director-general and
chairman of the advisory board. 1t
woul have taken about $1,000 to fit
out the expedition, and as a side line
we were going to obtain timber con-
tracts from the Mexican government
and also bring back laces and embroid-
cries for the New York department
stores.
Plan looked Inviting.
TT looked good-mighty good" he
said. warming up to his subject. II
got Brady G. Brady, $50 Broadway,
New York, for my lawyers. and the
articles of Incorporation were drawn
up in their office. Then 1 decided to
give an organization dinner at which
stock would be subscribed for at 80 q
share and 1 sent out h invitations.
This st. Regis incident is merely an
annoying detail" he continued, stifiing
a yawn. II went there Monday and
saw the head waiter-a chap named
Leo Theimar and told him l wanted
10 entertain forty friends at q ban
Duet. and would pay him from the
money which would be subscribed at
the banquet. He said 1t was all right
and went ahead with the arrange
ments.
"Only nine men showed up at the
| dinner, but we had a good time, and
1 made a speech telling of the pur-
poses of the expedition, and then hand
ed the stock subscription blanks.
Blu they weren't cash subscriptions.
as / had expected-you see that WIS
my Observation-Disclosures of course !
hadn't enough money to pay for the
spread.
When Lamb was arraigned Xenephon
IL. Hubby. a lawyer of so Church
street. New York, who lives near
| Lambs mother In East Grange, ap-
| peared for the young man. He SAID
Lamb was irrational, that he had
given his widowed mother no end OF
trouble. that he ought to be placed
| unoer observation and that he had been
in similar rap in other parts Of the
country before.
Among those who took part in the st.
Regis spread. according to Lamb, were
Major George Lilly. James Bronis. of
Newark; George s.. Allen, Of 40
Gramercy Park; w. G.. LIE Comte, II
John street; F. S. Black, 113 South
Ninth street, Newark, and Joseph s.
Goodsell. 1924 West -Seventy-second
street. 1t was said that all the guests
except Goodsell and Major Lilly had
promised to purchase shares at SO =
share.
Detective Harry Riker, of East
Orange, again went to New York this
afternoon in an effort to secure Lambs
Indictment because of the latter's check
transactions. He says Lamb admits
the claims. but believed the accounts
I Nd IA1a Satfla1 1ar0 on