The Washington times., 1918-12-07
.SLEUTHS HUNT FOR
SALTED MILLIONS

NEW YORK. Dec. T.-DetectIves are
securing the country in an effort to
locate hidden millions. believed to
have been "salted away by officers
of the defunct Tuxpam Star Oil Cor
poration. Warrants OF arrest are to
be served on a number Of persons
whose names are temporarily with
held.
Louis Roumagnac. former president
of the corporation and now under ar
rest on charge of using the mails
to defraud, played a game of hide and
seek with reporters who sought to in
terview him.
Several new facts have been estab-
lished. One was the likelihood that
no less than $4,000, 900 had found its
way into the private purse of Rou-
magnac. At the time of his arrest.
however. no trace of this sum could
be found. His private vaults did not
contain any securities.
QuadrupIe capitalization.
Shortly after the capitalization Of
the Tuxpam Star Oil Company had
been increased from 5000, 900 to $2O,-
100000, Roumagnac is alleged to have
deposited 13.500, 900 shares with . GER
tain brokerage firm in the Wall Street
district. one-balf OF this issue was
to be held in escrow and the balance
sold to the public at any price avail
able. The arrangement, it is said,
was to pay Roumagnac large sums of
money out OF the sale of this stock.
RMS was done on a basis OF nifty
fifty.
About the middle Of last June
Roumagnac suddenly called upon his
broker to return about 1000, 900
shares then held in escrow for the
purpose Of replacing 1t in the treas
ury OF the corporation. Officials
state that although the stock was re-
turned TO him its whereabouts since
then has never been discovered. The
general belief prevails that 1t was
divided up among friends and sold
privately.
"Eugenie," who mysteriously has
figured in the case, is Mme Eugene
Cranier, q French woman, who re-
Granier. a French woman, who re-
West 1O3d street. In a mass OF
cancelled checks discovered by the
authorities were a number made
payable to Roumagnac by brokers
ranging in sums from 5000 and
$4,000 up. These. Il was noticed,
had been indorsed by Roumagnac and
made payable to Nine. Eugenie, who
in turn cashed them. q.
Early last year Roumagnac had
purchased, in company with two 9TH
ers. restaurant at Nos. 112 and ia
West Forty-eighth street. A cor
poration was formed. and Madam
Eugene Granier was made president.
The two remaining owners were
Roumagnac and a man named Charles
Duberc.
Purchases Road House.
In addition to this, Roumagnae is
alleged to have purchased for 1000,
subject to a mortgage OF $4,000.
road Mouse and farm called the
"Armenonyille Farm" at Orangeburg,
N. Y. from a woman named Mrs
Bliques, OF Fort Lee, ". J. Directly
across the street from this road house
Is small cottage. which Roumagnac
is also alleged to have purchased for
81, 900 and wich he Is said to have
presented to Madam Eugene.
She In turn is said to have man.
aged both the road house and the
elaborate French restaurant in New
York. while Roumasnac divided his
time between Suite No. 723. luxuri- |
ously furnished, at the Hotel Breton
Hall and the Orangeburg place.
On November IL Roumagnac is said |
to have decided to wind up his af- |
fairs in New York and return to |
Mexico, and as a first step in that |
direction he sold Eugenie's Restau-
rant in West Forty-eighth street to |
a man named Louis Nicollier for o |
sum said to be $40 900. The proceeds |
Of this sale have not been accounted |
for