St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1913-04-19
grow. the farmers from the North
and West will flock here to develop
the lands"

THE MUSICACAS
The President. Discloses Manner il
Which Frauds Were
Committed.
New York, April 13.-Philip Mu
sica, the indicted president Of til,
United States Hair Company, spen
all day yesterday ''confessing" to Dis
trict Attorney Embree. Accordinl
Mr.. Embre, Musica's scheme for de
frauding banks was one of the mos
elaborate ever brought to the atten
ton OF the district attorney. Tn,
system was described a. Of such a
intricate nature &s to make neces
sary the repetition Of his story o
some transactions several times be
fore 1t became clear just how b,
managed to elude the authorities.
Musica based many Of his theft,
upon false invoices. First he woull
have several packing casea contain
Ing human hair Of small value LET,
i ON pier. He would then make out
false invoices saying that the hail
was ct great value and he would also
1nlarge upon the actual size OF the
cases in which thee hair was con.
tanned. He would then go to q banl
with these invoices and ask for loan
on the hair. When questioned he
would protect himself by presenting
cablegrams saying that large credit
had been extended to him in some
foreign bank.
These cablegrams were fraudulent
and sent to the United States Hair
Company by Musica's agents in Paris
or Landon. The agents would make
out the cablegrams and would then
sign the name of some well-known
bank to them. The message would
then be cabled to Musica and when
presented Ut the bank in this city
lieving that the defendants asser-
tiOn's were correct and knowing that
the firm Of A. Musica & Sons had .
good financial standing the bank
would make the loan, subtracting in
terest
The goods would then be reported
as having been shipped to . hair
company abroad. The consignee In
many cases was the confederate Of
Musica. After receiving the goods
the confederate would repack and re-
ship the goods to Musica. The goods
would be undervalued SO as to escape
importing duty as much as possible,
but upon their arrival here the value
would be increased by Musica, and
another false invoice made. In this
manner he kept up sort OF endless
chain Of shipping, receiving and re-
shipping the same valueless hair.
Musica had to do some legitimate
business and he said that occasioally
he received large shipments of hui
man hair Of the finest quality This
would~be used exclusively in the best
trade and In this manner he obtain
ed credit from hair goods companies,
whose financial standing is not ques-
toned. This added to the trust plac-
ed in the United States Hair COM
p@ny by banks.
1t was this mode Of fraud, which
resulted In the indictment for at
tempting to steal $4,000 from the
Bank Of Manhattan Company. This
Indictment g against the defendant
and his father Antoine Musica.
Another way In which Philip Mu-
sica obtained large amounts OF money
was BY defrauding his own company,
Musica told Mr. Embre. In this
manner he Aobtained more than
$1OO, 900. He did this by going to
nm qol l0Y6s money :. u y1ne thstI
he had bills to meet. The bills would
be- presented and the money advanced
The bills were false In most cases or
were made out to dummy" concerns.
This brought about the ruin OF the
company, because he stole every Ont
Of the stockholders money.
The elder Musica was brought nfo
the case because he swore that 1aee
invoice made by his son was corrct.
In this case Philip Musica sighed
false invoices saying that he had 200
cases Of human hair at the Faer
Line pier in Brooklyn, and that It
was valued at more than SLOT, no.
He asked for q loan Of that amo0t,
and It was not given him, but It vas
agreed that he should receive q Ian
nf $4,000 on the goods. The IS
picions OF the bank were around
over some marks upon the invoi9s.
and an investigation was made. 1ls
showed that the hair was worthl4s
and that the cases containing It M1l
been marked larger than they ace-
ally were. Musica explained to .|t
Embre that most of his transacttes I
were Of this kind.
Musica will complete his cont
sion tomorrow.
Succession Of Samuel ]. Talley.
Twenty-Sixth Judicial District Cou
st. Tammany Parish, La. III
Whereas Mrs. Mary e. Talley III.
petitioned the court to be appoint :
on the estate OF y
late Samuel J. Talley, deceased. =