The evening world., 1920-07-30
PONZES BAYONNE
AGENT TELLS OF
MAKING FORTUNES
w. II. Mackie VoucheS for
Integrity of Boston
Financial Wizard.

Declaring his entire confidence in
charles Ponzi Boston's amazing
fnancicr who once was $l6-a-week
clerk and now is reputed 10 be worth
millions through the manipulation, OF
exchange between various countries,
w. IL. Mackic, Ponzi's agent at Bay
onnc, \. j., to-day unfolded to an
Evening world reporter some Of the
means by which Ponzl reaped his
fortuneZbut not all.
IF Mr.. Ponzi has any means of
making money other than through
the purchase ana sale Of international
postal reply coupons do not know
what It is," said Mr.. MaclSie
Every business has its. secret, as
Mr.. Ponzi has said in quoted inter-
views continued Mr. Mackie.
whether the secret OF Mr.. Ponzls
success embodics any other form of
Investment than he has fully ex-
planned / have no knowledge, but l
will say this at the outset: / have
every confidence in the world in the
integrity Of Mr.. Ponzi and the entire
legitimacy of his business methods.
The fact that l have acted as his
agent, on "a commission basis, both In
Boston and BayOnne, Is the best evil
dcnce of my sincerity in that regard"
Mr. Mackie's attention was called
to published reports from Federal
oihcials that no very large traffic had
been noted in international postal re-
ply coupons anywhere in the United
states, and that the entire average
days business in them represented
but a few dollars.
Remember that there are many
other countries than the United States
which Issue such coupons or stamps"
he replied. rs It not entirely possible
that stamps bought in Roumania, for
example. may be sold in Switzerland,
and that the bulk of the business of
the Securities Exchange Company
may have been done in foreign coun-
tries?
Frankly I myFlf do not know. n
any one shares the business secret
with Mr.. Ponzi l do not know of It.
Il will neither tell nor attempt to
tell anything that | do not know OF
my own knowledge and experience.
| went to work as a salesman for the
Securities Exchange Company of No.
y School Street, Boston, some months
ago, securing clients on a 10 per cent.
commission basis, and almost imme-
diately | found myself making more
money than had ever come to me be-
fore IN my life. l found Mr.. Ponsi
opcnhandCd ana generous to a de-
gree. Some fraternal or charitable
organization would Send a committee
soliciting a subscription and he would
respond Immediately with $500 or
81, 900 check. l heard him explain this
in words something like this:
1 have been poor and know
that | am in a position 10 give It is
IA real pleasure to do so whenever a
just object presents itself
Mr.. MacRc, who Is a Clean-Cut,
clear-Gyed young man with q frank,
unwaverng gldnce, while oonvey5.ng
impresses one At once as rot OF tho
kind who could be readily hoodwinked
and when he again stated his belief
both in Panzi and the soundHesa and
| legality OF his undertaking, one
could not disbelieve that ne meant cX-
actly what he said. lie referred u
the fact that POnZ had invited Fed
eral and other officials 70 invest gate
! his business plans without waiting
| for them to take the initiative. and
! pointed out that no one had found
| any discrepancy in his accounts and
| that every one holding Ponzl notes
was being paid upon demand, wheth.
| er the notes were due or not