New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-03-08
-R|CH-QU|CK TRIAL
George H. Munroe Faces AC-
CuserS from Many States.
GOT MORE THAN 100000
Money Made Through Pretended
Sales of Marconi Wireless
Telegraph Companies.


George II. MInroe. a member OF the
brokerage firm Of Munroe & Munroe. VINO
was indicted for using the mails in a
. scheme 10 defraud investors was placed
on trial yesterday before Judge Hough and
a Jury IN the United States Circuit Court
Nunroe is the first leading operator of an
alleged get-quick-rich concern 10 re orousht
10 trial n this jurisdiction as the result
Of the crusade started by Postmaster Gen
eral Hitchcock last summer against stock
brokers who. it was alleged, realized mill
.ons from credulous investors Throughout
the country by means Of extensive opera
tions carried on through the mails.
Henry a Wise United States Attorney
made extensive preparations 10 prosecute
the case with vigor Raymond {. brown
his blind assistant. who made the lhVesu-
cation, hat led 10 Munroe's Indictment
has devoted months TO sitting the evidence
and witnesses have been summoned mere
from England and all parts Of the country
and Canada in support OF the government
case.
The scale on which Munroe & Munroe
carried On .helr stock sales was Indicated
by the indictment of George IA. Munroe'
who was charged with having taken IN
more than 100000 through pretended sales
Of stock IN the Marconi Wireless Ieleeraph
Company of Canada and the English Mar
conf Company. although, II was alleged
no delivery Of the stock was made. MuirVe
also was charged with a scheme 10 deIrduu
in connection with sales Of stock IN the
Marconi Wireless Company OF America
and the Argentine Wireless IelestdP"
COMPANY IT Rio de la Plata Az the uIne
Of his indictment, September last ne Wa
connected with the formation OF the Do
nlinican Bankers Association. ana II was
said that ne was the man who hoateo '"e
"Bootblack Trust" the stock OF "hich was
offered 10 the public at 80 cents smart
although II was represented as peihs "o' ="
SO a share
G. H. Dorr. Assistant United states Az
torney. in his opening address described
the mode Of operation pursued by MunfVe
& Munroe lie said that in 1906 the Nun
roes gained possession or small hummer oil
shares Of stock Of the Marconi wireless
Telegraph Company. They then began 70
advertise the stock for sale, especially py
means Of individual letters. saying mat
they expected a large allotment OF shares
from the English company and promising
ITO return the money. which was required
TO deliver the stock.
only "a little over a thousand sh"fes
were delivered" Nh Dorr said, "althoush
5000 shares We're sold, for Which 9luLioS
received from SO TO $l5 a share ana "h'0H
money he converted 10 his own use
Miss Aurelia Fuchs, a stenographer Tor
8funroe & Munroe, testified that Georse IL
Arunroe was in his office quite regularly
nd s
uoscd 10 have fed 10 Canada, was there
only occasionally. She said that the de-
fe-1ant conducted all the important DUST
...s himself. and was the moving spirit
q the enterprise.
size was followed on the stand py many
q The ALLEGED victims Of Munroe' whose
testimony consisted mostly in identiyihs
me letters that led to their investments
2ien and women victims told OF thelr
credulitv and the hopes aroused In them
,y the glowing descriptions Of the Muhroe
circulars.
Jobn II. Burns Of Peoria. Ill. said that
re attended a lecture Of Munroe's agent IN
Peoria in 1907 and that after a talk win
the lecturer he sent $3.50 to Munroe *
Nunroe. with orders 70 purchase FOR MIN
Nfarconi Wireless stock. After three months
Of waiting he began 10 press for the de-
livery Of the stock, but received only re-
newed expressions Of the hope that the
English company would at last SEND me
promised allotment Of its stock. he had
written 10 England, and received an an
swer repudiating any connection between
the English company and the Munroes.
He then had come 10 New York ana
called on George II. Munroe at no. q
William street. where tie broker had re-
newed lis promises Of early delivery
denouncing the letter from England as the
communication from mental who wanted
70 hurt him "He told me that he knew
Marconi very we'll" testified Mr. Burns
"and that he was angry with Marconi
who pernitted himself to be Toasted by
crowned heads OF Europe insfead Of per-
fecting his inventions. This tardihess'
Munroe said. had cost him a lot Of money
The trial will be continued to-day.