The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1919-02-06
c. CasseII, Chicago, Said to
Have Made Fraudulent !!
Statement to Purchaser
of Stock in Kenosha
DEAL CALLED FOR $3.50
Cassell Arrested on the Complaint OF
j. C. Anderson, Kenosha Man, Who
Declares Value of Mining Stock
Sold Him Was Misrepresented.

". CaSSelIs VINO gave MS residence as
2139 Eastwood avenue, Chicago, is held
at the city lookup on charges of obtain
ing money under false pretenses and
the police and interested attorneys de-
clare that his arrest will bring to light,
some big dealings In stocks Of question
able value which have taken place in
Kenosha in recent weeks. 1t is claimed
that Cassell has been very active
salesman in Kenosha and while the
police have the name Of but one of his
customers, it is claimed that other
people were caught in his net and that
he disposed of considerable amount
Of mining stock since he came to the
city early in January.
The complaint on which Cassell was
arrested WAS made by J. @. Anderson, a
Main street saloonkeeper, who is said
to have been the purchaser of stock in
the Monarch-1Gadonna Mining Company
10 the amount of one thousand shares.
The value of these shares is what
brought the arrest &c Gassen his morn
iTmt he Chic 3aa was tsi.en into
custody by Cniel of Eoliee owen
| O'Hare at the west side electric station.
He was about to board train for Chi
cago when he was arrested He made
no statement to the police, but attor-
neys for Anderson declared that he had
made an offer to return money taken
and accept the stock that he had sold
in return. No compromise of the case
has as yet been made.
According to the complaint of Ander-
son on which Cassell was arrested, the
latter had sold him a thousand shares
of the Observation-Disclosures Mining Com
pany. Anderson alleges in his complaint
that in return for the stock he had
transferred to Cassell one thousand
shares of the stock of the Treuam Trac-
tor Company of an agreed value of
$3.50, note for $1,000 and 5000 in cash.
Anderson alleges in his complaint that
when Cassell hold him the Monarch
Madonna stock he alleged that it was
worth $3.50 a share and that it was
listed on the eurb'' at that price.
Anderson claims that the stock is not
listed on the "curb' at three dollars
and half share or at any other price (.
and that Investigations have shown that
the value Of It is not to exceed ten
cents share. Attorneys for Anderson
declared this morning that the real val
ne of the stock was eight cents a share.
Cassell had not been taken into court
for hearing and it was stated that
the matter was held in allegiance on
account of the fact that the district
attorney was detained at his home on
account of illness.
Attorney Alfred L. Drury, who acted
for Anderson, in securing the arrest of
Cassell, declared, during the day that
the case of Casseli was being investi-
gated 'EThis man has been dealing
in this stock here since the first of
January said Attorney Drury, "and
we are making an effort to find out
whether or not he had other customers.
We feel that he has sold this stock
to other people and we are seeking to
locate these people,"
Chief o Hare declared that he had
been advised that there had been lot
of dealing in mining stock of more or
less questionable value and he assert
ed that the arrest of Cassell was Just
the beginning of crusade on the
part of the police to put an end to
the operation of such mining stock
sales men in Kenosha.