The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-09-26

READY TO RESUME WORK

new pRk. Sept 25.-Elbrtdge
/ {. SewHI, who was cashier Of the
Jared FlaSg concern, and reputed to
hs very wealthy, was arrested this
evening by postal agents just az he
was leaving for his summer home AZ
Quogue. l.. l., ana In default of sl6-
900 bail was sent TO the Tombs.
Most Of the other eight prisoners
Who were taken IN SATURDAYS raid
upon the get-rich-quick office, had II
few hours previously been released
from that institution on bail and Were.
scurrying around preparing for their
defense. which VIII be called for when
they are TO face United States Com
missioner Gilchrst on the charge Z
using the mails to defraud
The government agents sun had
two more persons to arrest to com
plete their case--Wiliam g Reed
who Is said to have been Flagx
agent and a nineteen-year- girl,
Miss Madeline Russo, OF Whit.
Plains, who held a confidential pa-
sition With FlaRg and sat at the next
desk to his in the luxurious Offices.
There was more anxiety To get the
girl than to get Reed She had
promised to turn government witness
II she escaped arrest But in the
words Of the postal inspectors. she
double crossed them. and theS.
couldn't ind her Now if she liz
caught she will be- arrested and held
under heavy bail
Can Pay Every Cent.
Jared Flagg was released from me
Tomhs early in the afternoon wneH
his brother, Ernest, a noted arehi-
teet, pat up $3.50. 0o0 worth of prop
erty to cover his $25, 000 bond He
Immediately invited any one who
IN rod Ntt 4 -
e join him at luncheon AT the Gale
Beaux Arts, where ne used 10 give
elaborate iuncheons for his invest
orsf every Saturday afternoon
The first thing / want to say.
asserted FIagg over hts cold roast
beef and Pllsner beer is that / have
available $l,l0o,000 the called 1t, at
ter the Wall Street sashion. eleven
hundred thousand in~cash and high
grade securities, with which If it
We're necessary. | could pay back every
three years and half.
Where In safety deposit vaults.
But ! won't have to pay out nearly
that much in the event Of my pusi-
ness being closed up--Which | don't
think VIII happen. YOU see, al pres
ent a good many Of m% customers
viii be losers because of the had con
dition of the market anu because OF
this hating 10 the business. can
afford TO pay them every cent | ac-
tually owe them-nI [ cant even alp
proximate how much that is-and
then have a comfortable fortune left
over for myself
Back on job Tomorrow.
by the way. the business Will not
long be halted My clerks this very
day are buying and selling in Wall
Street for my customers and to-mor-
row / viii he back on the job myself.
No one can say that old Jared Fiagg
was ever stopped by eonspiring Sc
eret service men,
Flagg stopped for moment here
and then made What he believed 10 be
an impressionable declaration. Ho
said:
q have seven affidavits. signed and
sW ern to by reputable persons that
VIA show that this whole business
- "a conspiracy. IL was framed Up
hy certain official OF IA Wall Street
organization who demanded that /
give my buying and selling Of stocks
to q certain broker. When l refused.
he got the government after me. And
the atfidavits viii show that the gov
eminent mon used all sorts Of Illicit
methods to gain what they called eva
dence against me There viii be a
sensation when these afidaYits come
tIt. If the ecvernment doesn't MAKE
them public tomorrow l will do so
the next
f'lagg then asserted that h. had
fourteen brokers working openly and
three times that mum Der secretly mi
despite the governments charge 10
the contrary, he actually did bu.' ana
sc Il every share OF stock upon which
he reported 10 his investors