The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-02-02
Stock holders Think 81 Acting.

The appointment of the receiver and
ehe prospcc, that the stockholders may
lose everything on the foreclosure of two
MORTGAGES aggregating $1,000 have
caused several OF them to consider TAX
ing action against the officers,
Mr.. Du Rand who is a member OF the
Princeton Club of New York. and who
took n brief special course at Princeton
about eight years ago. could not be found
By Sun reporter TO deny statements
that he left Princeton after selling min
ing stock tina: proved to be worthless to
sorr OF his fellow students, His wife
said she was sure that university men
WHO were at Princeton with Du Rand
did not get any special training in min
ing Investments through their acquain-
lance with him. although 1t was learned
that Mr.. Du Rand. while at Princeton,
was one of the promoters OF the Du Rand
Mining and Smelling Company which col
lapsed later.
In a letter sent out recently by man
who controls 500 ranch company shares.
that cost him $4,000, the stockholders
were asked to Investigate the affairs OF the
company to determine whether proper
books OF account had been kept, in ac-
Cordance with the laws OF New York, and
also to investigate the correctness of "A
statement of the assets and liabilities OF
the company made in report OF the
president. CORTLAND r. Du Rand. on De-
Cember 20, 1910. which set forth that the
company owned $500 acres of ranch
property worth $4,000. and personal as
sets bringing the total up to $239,liS.
One of the personal assets was produce
Vnsold. 10000"
Storm Blew Away 100000.
In subsequent reports to the stockhold-
ers the $4,000 worth of produce did not
appear, and an inquiry az to the cause
Drought the statement that terrific
storm came up one night and blew away
che entire $4,000 worth of assets.
The letter urging the stockholders to
Investigate the affairs of the company also
called attention to the fact that the pros
pectus telling ofAthc valuable ranch hold
ings had been sent through the United
States mails
j. Liverpool cotton merchant now In
New York. who was induced tn part with
$4,000 in cash for the DuItand enter
prises, told THE SUH reporter that he
paid $50 share for 500 shares OF the
stock which bore Mrs. DuI,and's name
He said that In addition to the So. 00t
worth OF stock in the ranch ne bough,
from DuRand Mrs DuRand induced him
to give her $4,000 in cash for a synti
cate to develop the mineral property ad
joining the ranch land Tn. property
was never developed, he said, and IN
has never been able to find out what
became Of the money.
When Mrs DuRand came here II
October she went 10 the Hotel Seville e
live and impressed persons she met Their
as "A clever business woman. In abuu
three weeks a woman came there demand
ing immediate payment from Mrs. :'u
Rand OF loan Of $3.50. The rno:.e,
wasn't forthcoming quickly enough Irc
a copy OF an English periodical contain 81,
an article concerning one Agnes E.l,ei
POWELL was shown at the hotel. Mrs. Du
Rand left the hotel not long afterwar'
and the $3.50 loan was paid, She nov
lives at l1s East Eighteenth street.
The Agnes Ellen Powell mentioned II
the English paper was the wife OF Davit
Warhurst Powell of Cardiff. Wales. an,
was arragned before the Recorder IL
Cardiff on October 20, 1906, for obtaninl
goods by false prctences on representa-
tions that she had bought n certain hous
when she hadn't done so at all.
Mrs. DuRand said that her first hus
band was David Brunnell Warhurs
Powell and that many people get her con
fused with the Agnes Ellen Powell OF tn
three months sentence because OF tn
similarity In names. She said she didn'
fail In the bicycle business with her hus
band, an the English paper said the othe
Mrs. Powell did. but that her husban,
was a noted mining engineer. member o
the Royal Geographical Society and Roya
Geological Society and a lot more roya
societies