Arizona republican., 1915-08-19
Case on Which Complaint is Filed Shows Finance Method - Thousand Dol lar Investment Nets the Promoter $3jO0
HENRY ASSESSED
 AT $227,9 7,965.00
Real Estate Board Desires to Take Action, But Will Await Developments -- Possible Prison Record to Be Investigated

The developments in the case of Sid Henry's real estate transactions yes terday were the swearing out of war rants for his arrest on the charge o1 mortgaging property already encum- bered without apprising the second mortgages the fact that the name of Henry was an assumed one and that his real name is Henry Sidney Green; the hurrying to the office of the county recorder of holders of Henry contracts and the anxious inquiries from scores yesterday morning after the publication by The Republican of the story of his wholesale irregulari- ties.
 The warrant for his arrest was sworn to by T. M. Burroughs in Jus tice de Souzas court. After complaint had been made Assistant County At torney Jacobs received telephone message from President Galpin of the real estate board saying that that body desired to proceed against Henry. The assistant county attorney replied that inasmuch as a warrant was already is suing no other action need be started before the apprehension of the fugitive
 There is no clue to his present whereabouts
 MT. Burroughs is the agent of Mrs Elinor H. Miller, the second mOrtgagee in the transaction which forms the basis Of the complaint filed yesterday. The property is lot 3, block ?, in Noun tain View addition, on which on June g Henry gave mortgage for $500 to J NJ Jamison as trustee. On July 19 Henry gave a mortgage to Mrs Mil Ter fo~ $1.200.
 This transaction suggests specula- tion as to the extent of the cleanup Henry has made. He owed material men for the improvements made on the property which had cost him q little less than $1,O0O. It is valued at abot S2200. He had received on it by contract sale about $1 900; the mort gages on it netted him s2,5OO, so that on an investment of less than S1,000 he received $500.
 The assessment roll for this year shows that the U $. L. X T. company which is Henry, owned property valued at $227,9 ,965. consisting of eighty-five parcels, some of the parcels including each from four to five lots. It is pre- sumed that nearly every parcel yielded him something and in some cases, as in this one, more than their assessed value
 ] Upon the issue Of the warrant the i sheriffs office here began preparing to run down rumors to the effect that | Henry had a prison record in Iowa, ! where he is said to have wrecked a ] bank. His operations in Oregon are 1 said to have resulted in q heavy loss l to him and are also to be investigated.
 Fred A. Dibble, employed by the U. s. Land, Title and Legacy company.
 under which organization Henry car ried on his business of building homes, announced yesterday that his losses | had not been as severe as was first re- ported. But his own home, acquired
 through the company, was found to have been subjected to a thousand | dollar mortgage. Dibble attempted a i sale of this property recently, and
 while he had been assured it was clear
 of encumbrances, he discovered the mortgage, executed by Henry. Henry's practice was to assure a purchaser on contract that it was un- | necessary to record the instrument by which the latter became possessed of