Evening journal., 1913-12-24
SALESMAN
OF "RADIUM"
STOCK HELD
Title Deeds to Mines in Colo
RADIO Of Alfred |. DUPONT
Shown in Court
HUGH C. BROWNE WITNESS
In HEARING AT READING

READING, Pa, Dec. 24-Ttlc deeds
to radium-producing rincs in Colorado
showing that they are tho property Of
Alfred !. DUPONT of Wilmington. Del,
and not Of the German Gold and Uran-
ium Company, were produced by Mr.. du-
Pont at the hearing yesterday OF Viii
liam Wright of Boycrtown, charged
with using the mails to dcfraud in sell
ing stock OF the concern.
Hugh G.. Browne of Wilmington, presi-
deut of the German Gold and Uranium
Company, with offices in the Drexel
Building, Philadelphia, also testified
that the company had no interest in the
mines and that the representations made
by Wright in selling the stock were
false. Wright was held under $500
bail for court by United States Com
missioner Henry Maltzberger.
MIR. DUPONT remained at a hotel near
the commissioners Office TO be within
hailing distance should be have been
needed as a witness. lie was represented
az the hearing by i. Bayard Ileisel OF
Wilmington, his attorney. who produced
the deeds. They showed that Mr.. du-
Pont took title to the German mine ON
January -. 1912, the Belchcr mine on
January 20. that he purchased all the
pitchbIendo of the company from which
radium is extracted on March 20 and
that the final effects Of tie company
passed into his hands April 8, 1912.
AZ two previous hearings witnesses
testified that Wright sold them stock
after these dates on the pretense that
Mr.. dupont was financing the new com
pany. Browne testified that he had in
formed Wright OF tho true status OF the
mines after Mr.. dupont had made tho
purchases.
Assistant District Attorney Walter
c. Douglas. Jr.. conducted the Govern
ment's case. with Chief Postal lnspec-
tor James T. Cortelyou. Mr. Browne
was the only witness. He was asked
to identify tho deeds which had been
given the Government by the DUPONT
attorney. This he did
EX-Judgc W X. Stevens, Wrighta
attorney. subjected Browne TO cross
examination and produced letters
showing that Wright obtained much
of his stock from him. The letters
showed that Wright paid Browne from
10 cents 20 l5 cents a share for thl
stock. which he later sold at $3.50 ans
81 share Browne said he con
sidercd the stock 10 be of value. "a
Mr.. DUPONT had made an agreemen
with the German Gold and Uranium
Company 70 permit the company {,
loperate the mines should they ever
prove 10 be a paying proposition.
Browne asserted he sold his own
personal stock TO Wright. as he was
hard pressed for money. He also
testified that the letters he had writ
ten were as manager OF the mine for
Mr.. DUPONT and not as president Of
the German Gold and Uranium Com
pany.
Attorney Stevens asserted that his
client acted on information given him
by Browne. He said that selling
stock at S15o and 81 for which 10
cents was paid was not an exorbitant
profit. as Wright was subject to great
expense in visiting the mines in
Colorado and that the sales we're made
in small blocks. Mr.. Doughlas charged
that Wright sent misrepresenting let
tiers through the mails relative to the
ownership Of the mines. and asked
that he be held. The case will prob
ably be held in the March term Of
court.