New-York tribune., 1912-01-26
CONSPIRACY CHARGE
LANDS four IN JAIL
Springfield, Mass, Man Names
Donald L. PersCh as One Of
Group of SWindIerS.
PLACES LOSS AT s14,6OO
Phelan Consolidated Copper
Stock Was to Make Good
Profit, but Even Certifi-
Gates Were Taken.

Donald L. Persch. who was mixed up
with the disappearance of lot OF Heinze
Copper stock from the vaults of the
Windsor Trust Company, was arrested
yesterday at No. 40 Riverside Drive
charged with entering into conspiracy
TO swlndlc William f. Shinks, of NO
pa Dwight street. Springfield. Mass, out
If $4,000. Shinks complains that he
bought utterly worthless stock to that
omo0nt in the Phean Consolidated Cop
per Company, Of this city.
Harvey Ingram, the supposed head OF
the Phelan company, was arrested yes
tcrdav on n similar charge at No. 90
Broadway, with Charles r. Mitchell. an
other member of the outfit william D.
Pollocn. a tall gentleman, wearing gray
mustache and a Eoatee and a hlgh SIN
hat. was arrested az No. $50 Broadway
on the same charge and held in default
of SO 900 bail by Magistrate OConnor IN
the Tombs Court The three others are
held i'm heavy bail for examination.
Shinks charges that he was induced
70 buy the stock by one Of the men inder
arrest. With the understanding that ne
could Immediately dispose Of 1t AT
handsome profit. He says he are"
SIS. 600 rom his bank in Springfield ana
went to bridgeport Conn, where ne met
supposed farmer from Stratford III the
Stratfeli Hotel and exchanged the cash
for batch Of beautifully embossed Ger
tiAcates Of Phelan stock, after whlch ne
hurried back to Springfield.
on his return, Shinks charges ne re-
ceived a call from PcrsCh who made an
offer Of s. - a share. Shinks cons'd'red
thai 70 be a handsome offer. inasmuch
as he had paid only Sc a share. Accord
inely he agreed t. sell. Persch, he sald'
looked the certificates over and dlsc"N-
cred. much to his surprise, that 'heS
weren't properly indorsed. However
persch said that he would straightch
that out all right. as he knew the officers
of the concern quilc well
As a guarantee OF his good iaith
Persch handed over four 500 bills 10
Shinks. the complainant says took tic
certificates and started for New YORK
promising to return in two days with
everything fixed up properly. ShinkS
waited nearly a week for Persch 10 re-
turn. Then he started for New YORK.
In the course OF his wanderinss among
Wall Street houses some one told MIN
the Phelan Copper Company was n bogus
concern and that his prospective certlh-
Gates were worthless. Shinks charges
that Pollock was the man who coaxed
him 70 the Stratfeld and that Mitchell
was the Stratford farmer who took his
$4,000 in exchange for the certificates
Another complaint alleging the larceny
of SAL, 900 has been lodged against the
group by a man whose name is withheld
by Joseph Du Vivier, Assistant District
Attorney, who has charge Of the case
Another arrest is expected to-day.
Persch was indicted in 1909 for the
larceny of $50 600 in the form OF loan
on $4,000 collateral at the offices OF the
Windor Trust Company. second in
dictmon. was returned against him for
working with 4. D. f. Adams, of Boston.
i'm a transaction by which IL was said
that the Eclipse OIL stock Of j. NJ
Everett OF Boston. given as collateral
for a 5000 loan. was thrown on the
market. He spent much time In the
Tombs. and was released on April ~
1910 when the jury in the Criminal
Branch Of the Supreme Court failed To
agree at the end of eleven hours de-
liberation. Two days later he was back
in court on a writ Of habeas corpus nd
was remanded in $4,000 bail. He was
acquitted in July, 1910. Persch is the
son oe John f. PersCh. of Philadelphia, a
former politician and promoter Of stock
companies in the Quaker city.