The Barre daily times. (Barre, Vt.) 1897-1959, 1920-08-16
HEAVY GUARD KEPT
ON HIS RELATIVES
Efforts Made To-day to
Turn Back the Stream of
Dollars That Flowed Into
the Ponzi Golfers Dur
ing the Height of His
Career.

Boston, Aug. l6.-Efforts to turn
back to their source the stream of dol
lars that flowed in millions into Charles
Ponzi's temptuous financial sea occu
pied the attention of federal and state
officials to-day when they resumed
their duties after weelI-en respite.
The r, ODE into every rsmitication OF
the poGng Italian financier's activities
was continued but with the assurance
of investigating officials that further
damage to the financial fabric OF New
England was unlikely
Ponzi's counsel centered their ef-
forts to-day on attempts to procure
the $4,000 bail necessary to Offset The
release of their client from the East,
Cambridge Jail, where he is held by
the federal government on charge
of using the mails to defraud. Should
A bondsman be found, the sheriff has
ready at the jail warrant upon wllcf
Ponzi could me rearrested for the
state authorities on charges D lar
ceny.
To gain his freedom from the com
monweath he then would rave to sup
ply bail of $4,000 on thIee-count
larceny charge standing against him
and whatever bail may be asked on
the 53-count larceny charge that has
not been served upon him. Attorney
General Allen said that although no
amount had been agreed upon in the
latter case. be personally would ap-
proye of bonds of $4,000. Accord
ing to this Ponzi will have procured
bonds for a total of Ss5,000.
A heavy guard was thrown around
Ponzi's home at Lexington and sew
eral of them accompanied members of
hi. family whenever Athey left the
house. Threats have been made against
ponzi by persons who were attracted
bv his offer of $50 per cent in 40
DAYS" and preparations are made to
guard him carefully if he is freed to-
day.
A search for possible hidden funds
entrusted to the Old Colonial Foreign
Exchange company which was closed
nv the authorities last week was made
to-day BY officials handling the run
ming Of that concerns operations On
200 per cent in six months" basis.
Charles NJ. Brightwell, Raymond Mey-
ers and Fred Meyers, the three officers
of the company who were locked up
on charges of larceny. have not pro-
cured bail. They are in default of
$4,000 bonds each.
Bank Commissioner Allen announced
that the audit OF the liabilities of the
Hanover Trust company, which the
commissioner closed last week, was
almost completed. Ponzi made The
Hanover Trust company his chief de-
pository and was a member OF the IN
stitution's directorate and stock
holder.
Ran Commissioner Allen announced
that Henry A. Wyman, former a.ssr-
new general, had been retained by the
state in an advisory capacity cor his
Office. This, It was said, would re-
Ieve Attorney General Allen on the
part of the legal work necessary in
the conduct of the bank commission
er's investigation.
The hank commissioner issued
statement apparently as commentary
on reports that the Hanover Trust Co
might be re-opened for business short
". The statement said;
sTu view 81 the fact that the eNsmi-
nation Of the Hanover Trust Co. is
not vet completed Il is obviously i'm
possibls 20 have any opinion a. TO
the outcome Of affairs there. IL viii
probably he long time before the
examination and the investigating viii
be completed"
IL was ssid that the Hanover tank
would not reopen for at least week
Holders 81 Ponzi notes again ap-
reared at the State House to-day TO re
port their dealings for the official rec
ords. but they were far outnumbered
nv creditors of the old Colany Foreign
Exchange company. The latter. to he
number ~ several hundred. reported
70 the attorney general the extent If
their specuistious. several with the re-
quest >shst thsy he given their monev
hsek a. soon o. possible. The eierical
foroe assigned for the uork Il rccord
iuz their claims proved inadequate ard
q lar-sf stzf and quarters we're pre-
vids1
esv. csoliszs Gets ossr of Big Returns