The Richmond Virginian. (Richmond, Va.) 1910-1920, 1915-04-21
LARGE PROFIT COMPANY
PAID, NO DIVIDENDS
Clients Who Tried 10 Get Thci
Savings Back Were Ordered
Out OF Office.
MINISTER'S WE'RE TAKEN IN
More Than Million Dollars Worth OF
Profit Sharing Securities Sold, But
Promoters Got Both Profits and
Principal.

New Yor. April 20.-Another
minister. the Rev. Charles K. Nash.
who formerly occupied q Baptist pull
pit in Minneapolis told on the wit
ness stand before Judge Cushman, l.,
the United States District Court to-
day low he had helped Pierre NJ.
LOCKER dispose of the securities OF
the Monaton Realty Investing Corpo-
ration. which is now in the hands OF
a receiver. Mr.. Nash said that he.
like the Rev. John G. Chapman, edi-
tor of the Monaton Monthly, had
reliaquished his pulpit to enter the
employ of LOCKER. who Is on trial
for using the mails to defraud In
vestors in over 100000 worth OF
profit-sharing certificates. and the
bonds OF the Mopslon company.
According to the Government au
thorities, Nash was head of the sales
agencies established by LOCKER IN
bridgeport and Hartford. Conn. /;
Providence, r. T.; Philadelphia ana
Chicago. He told Assistant United
Steates Attorney Hartridge today
that he had sold $500 worth of the
Monaton profit sharing securities to
the Rev. Lewis c. Knuth. OF Dayton,
Ohio. and three shares at $40 a
share to the Rev. r. A. Stiles, Of
stand to say that he had bought the
securities in the expectatin of reapins
big profitA
Another Was Convinced.
Another salesman for the company.
William J. Markell, OF Philadelphia.
occupied the standw during the last
few minutes of the session. He tes-
titled that he accepted the position
with the Monaton company on Oc-
tober %, 1907. after LOCKER had con-
WINGED him that his company offered
far better proposition than other
real estate companies in the city. He
said he sold stock for from $104 to
s140. He will resume the stand at
1880 o'clock tomorrow morning.
Miss Elizabeth Dawson. matron OF
n womans college at Appleton. wis,
resumed the stand this morning to
tell how she had made two attempts
TO get back the life savings she had
invested I'm the Monatoa company.
only to be shown out of the offices by
LOCKER on her SECOND visit
Miss Dawsn came all the way from
Wisconsin to find out what had be-
come of her money after the prom
ised dividends had failed to arrive.
She said she tried 10 get list of the
thirty-five apartment house proper
ties the company Claimed to possess,
but that LOCKER only gave her the
location of four, Several days later
she returned TO the Monaton offices
to ask LOCKER TO return to her at
least part of the money, but that he
would not consider the proposition.
saying that he was only after the big
investors and could not bother with
the small ones.
Guaranteed Large Profits.
Miss Dawson said that she re-
minded LOCKER that the saiesrn an
who sold her the profit airing Sc
curities had guaranteed her a return
OF $4,000 on her investment. LOCKER,
she said, replied that the salesman
had exceeded his authority as she
was only entitled 70 $4,000.
Having asked for a statement Of
what she paid into the company. Miss
Dawson said, she WAS shown a record
in which the total did not correspond
with her own computation. When
she renewed the subject of a cash
settlement Of her claim. the witness
said that he would put the matter
in the hands OF the companys legal
department, and would refuse to see
her again II she called.
She asked where the company aid
It's banking, but LOCKER is said to
have replied:
II don't want TO be impolite to a
lady but that's our own business"