Evening journal., 1919-11-01
BROKER IS CHARGED.
With EMBEULING.
Chester F. Hill is Arrested in
New York After Search
of Five Days
WILMINGTON MAN
is ONE ACCUSER

Chester F. Hill, a broker and fiscal
agent. with offices in the Perry Build
ing, philadelphia, was arrested at the
Pennsylvania terminal in New York
last night on a warrant charging him
with the embezzlement Of more than
$4,000. The arrest was made by De
tsctive Edward A. Hill, OF the Phila-
delphla district attorneys detective
force.
The broker had been sought by op-
eratives under Chief James T. Cortel-
you for five days. The warrant was
issued by Magistrate Rooney Thursday
In information furnished by Charles c.
Woods. treasurer OF the Bankers Guar
antee and Finance Co., OF Delaware for
which Hill acted as fiscal agent.
According TO the charges msde by
Mr.. Woods, who has been working in
the office OF Furman G. Cole. Recorder
OF Deeds OF this county, Hill has dis
posed OF more than $4,000 worth OF the
companys stock, for which he made
no accounting.
Aside from his alleged populations
from the Delaware concern, detectives
say Hill has sold more than 5000
worth Of stock in the Mitchell Produc-
ton Co., Texas oil concern. for which
he has evaded delivery Of certificates.
The FIRST complaints Of the brokers'
alleged operations were made to Chief
James T. Cortelyou by statesmen en-
ployed by Hill to market the stock or
the oil concern. These men complained
that after dlsposlng Of the securities
among their friends they were unable
10 deliver the certificates because Hill
persisted in putting them of on one
pretext or another.
At the time they made the initial
complaints early this week, Hill had
been missing for several days, and they
allege had made no provision to pay
salaries TO the corps Of office assist
ants and salesmen he employed. The
employees remained on the job until
last night in the hope that some ar
rangement would be made.
Just after the initial complaints were
made, directors Of the Bankers Guar
sntee and Finance Co., most Of whom
are residents OF Delaware, went TO Phil
sdelphia to hold a meeting. Theywere
astounded TO find a balance OF only 500
in their bank account, when they had
presumed It 10 be in excess OF $4,000.
Hill, who disappeared on October 22,
had caused a pOstponement Of the
meeting fro October %, the date for
which 70 was originally scheduled,
until Thursday Of this week. The
warrant was Immediately sworn out.
Hill, according 10 the investigators,
has been spending layishly. They be-
lleve he has squandered more than
$4,000 since early I'm May. at which
sime ne embarked IN business here.
Some time ago, the detectives say, his
personal effects were sent from the
aome he formerly occupied, at 1917
Pratt street, 10 his suite OF offices by
Mrs Hill. IL was this circumstance
hat led 10 his apprehension.
Thursday nc telephoned 10 an office
pmploye TO have his things sent back
10 his home. The employe informed
Chief Cortelyou Of the message. and
was instructed to make an appoint
nent with the broker for yesterday, n
possible. This the employe did, ex-
planning he wanted TO talk over affairs
of the business. Detective Hill accom-
panied the emissary 10 New York and
made the arrest at 6 p. m, when the
broker appeared at the terminal to
keep the appointment.
Hill Is said 10 have made no denial
Of his Identity. lie asked the charge,
and upon his refusal 10 accompany the
detective 10 Philadelphia, was placed
in custody IN New York TO await extra
litlon.
Most Of The stock he is alleged TO
have disposed Of in the financial con-
Germ was sold In Wilmington and
Reading, while a majority Of that
alleged TO have been sold for the oil
company was floated In Philadelphia,
Camden and vicinity. There are said
70 be about 250 victims Of his oper-
atlons.