Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1913-03-12
ALL "STAGE-PLAY,"
SAYS MAYOR FISH !
ABOUT FRAUD SUIT
Salter Seeks to Re-
cover $3.50 for
Stock.
$l,5OO,O00 BRAZILIAN
NINE INVOLVED IN CASE
RoselIe Executive Says Litiga-
tion Is Absurd and Based
Upon Political Spite.


sued for damages N Connection
with sL00oO00 Brazilian mining
company, Harwood Fish. Bull Moose
mayor of Roselle. today stated that
ne was the victim of political plot.
Papers in the suit have been hled
in the Supreme Court c. r. A.
Salter, of 29l Pearl street New YorF.
Is the plaintiff. He alleges that he
was victim.zed by 'fruaudlent repre-
sentations made in the sale of the
stock"
Mayor Fish is named as defendant.
He was president and general man.
ager of the Gem Dredging Company.
a South Dakota corporation. orr
ganized to exploit alleged rich dia-
mond field of Brazil.
Ihis company was organized in
1909 with a capital stock Of ST 900 Ooa.
In 1911. however, it was merged with
the Gem Exploration Company, which
had capital stock of 81 SOC. 600 4
subsidiary corporate body was then
organized in New Jersey at $4,000.
"AiI Absurd spite work"
Mayor Fish maintains that the
suit is merely an absurd bit of spite
work
Why have never heard any com-
plants from this man. he asserted.
All he is actually suing for is s62 50.
His suit is stage play. You will
notice that he is suing me indivId-
ually. although | was only one Of
eleven officers and directors of the
company"
Mr.. Salter's counsel, NJ. Casewell
Heine who has Offices in this city
and New York, alleges that Mayor
Fish interested a large number OF
investors in the diamond proposition
through prospectus. which was
sent out from the main Office 102
Chestnut street. Roselle Park
II is charged that the property con-
trolled by the Gem Dredging COM
pany. about 1.4O0 acres on the
Jequitinhonha river. is valueIess
Another statement declared err
roneons in the bill. which is said to
appear in the prospectus. is: There
seems to be little doubt but that the
company will be able to pay at lea st
100 per cent. a year in dividends.
which would mean 200 per cent. n
year on your investment at 30 cents
a share"
Mayor Fish. who was in Newark
today, said to an Evening Star re-
porter
"They have been threatening to
make it hot for me il did not stop
fighting the counelmen. | have been
bucking the present Council and the
past mayor for more than six years.
fighting for clean administration
Elected Me Despite Mud -sIin cling"
1.-The people saw that | was trying
to do the right thing, and despite
the mud-slinging of the party in
force elected me mayor on the Rul
Moose Independent ticket last fall
"'rhe counoilmen have been fight
ing me ever since | criticized them
for wasteful use of public money.
Then | refused to reappoint certain
officials of the old administration.
and that made them worse. They
threatened they would make it hot
for me, and this suit looks like the
result of their threats.
II have invested more than $4,000
in the thing myself and have had no
returns yet he continued.
"As soon as We get some capital
To start the machinery down there
things will boom. This man Salter
has never indicated TO me that he
was in any way dissa tisfed with his
investment OF $3.50,
'aIf ] find out that this is a spite
suit, as think ii is, and that the
Council is behind it, I will start
suit to compel the restitution of 5000,
paid by the council for set OF
borough hall plans without competi-
tion and without authority from peo-
pie for the construction of such q
hall