Evening journal., 1920-08-20
PONZI TRIES TO
PASS THE BUCK
Saws Man Withdrew Back
ing Because He Didn't
Get Lions Share
HE THREATENS
ANOTHER 'BLOW-UP'

BOSTON, Aug. 20. Charles ponzi.
ersiWhile financial wizard, yesterday
told United Stales deputy marshals
that his downfall was due 70 with
draWal 0f support by a man pr0mi-
nent in the ciiy's financial circles. II
given his liberty under guard for 90
days. ponZi asserted. he would be able
TO make good dollar for dollar on
every promise and prove his solvency.
Thee Is likely 10 be big bloN-up
within feN days he was quoted as
saying To the deputies. tlf J 1ell what
know about a certain man prominent
In Boston who poses as philanthropy
ISL and public bcnofactOr. there Viii
be a great change Of sentiment This
man promised 10 stand by me and
was under agreement to support me
financially. but he wanted the lions
share OF profits and because he did
not get enough he drew out
Ponzi had brief respite from the
East Cambridge jail when he was
taken before a Federal commissioner
here for a hearing on the charges that
he used the mails 10 defraud. Tie
crowds which had fallen in behind the
man when they thought he was
making millions for them In The hey
day OF his scheme We're again out to
see him in his fail, but they had
barely a glance al the changed figure
as ponzl waived examination and was
whlsked out OF the courtroom and
back 70 Jail In default Of S25. 600 bonds.
Trial was set for September term OF
the Federal District Court
In the lhrong. which illled the
courtroom 10 The limit OF It's seating
and standing space, was John S. Don
dcro, described as a partner OF Pom
n IN his securities exchange company
in papers illed al City Hall and named
with him as a Joint defendant In "a
bankruptcy proceedings brought by
creditors several days ago. DonderO
has been sought for several days, and
service OF the Subpoena In the case
was not made on him until today
Instead Of the white flannels and the
cane which had made his figure ia
miliar, ponzl wore dark clothing and
carried no stick, although there was
suegesti n OF his old-time dappeT
dress in a silk handkerchief protriIL
ing from a pocket.
lie was a bit paler than before, hul
when a friend inquired how he was
feeling he replied Pretty good" anC
when asked about his r ilment al
the jail said he had no kicks
There was no outward indication
today OF any attempt by ponzi OF
his counsel to obtain his freedom on
bail. With $4,000 again set as tn,
amount required by Federal officials
and the Altorney-General willing K
accept 100000 TO cover all State war
rants TO date, the aggregate Of 1925,
000 was apparently beyond the mean
Of the man OF recently repuied mil
| lions
Attorney General Aliens tabulation
! Of ponz claimants today passed th
4 S. 100000 mark.
I A run on the First Stale Bank,
! private instllul on in HE Noi IA Enc
doing business principally with mem
4 hers OF the italian colony, was con
IlNnued today Depositors were said 4
llbe alarmed by indennite reports iha
THE bank was going TO close and tina
President Thomas Nulile had suffered
loss In the closing OF the Hanover
Trust Company. which was involved
in the collapse OF Charles Ponzis Pay
ment was begun at the usual opening
hour TO a long line OF claimants Pres
ident Nutile said he had not been {
stockholder in the Hanover Trus
Company for several months. a pub
llshed list containing his name beins
a mold one The run apparently came
70 an end during the afternoon.