The Washington times., 1920-08-04


newspaper copy written in Boston,
One is "dapper" and the other is
"debonair."
1--WE just come from breakfast"
Ponzi told reporters this morning.
at was a doughnut and cup OF
coffee: that's all / can AFFORD now.
After this investigation has shown
that am 'on the level II l should
open again. such a tremendous
amount Of money would blow in that
doubt II i should be able to ac-
cept 1t and continue to pay 30 per
cent in forty-flve days as 1 am doing
now.
81 am planning an organization for
an investment syndicate capitalized
at &1OO.OOO.O0O and eventually to be
capitalized at 5000, 100000. in which
subscribers would receive conserva-
tive monthly interest plus quarterly,
semi-annual or yearly dividends. This
capital is to be invested in industrial
enterprises by acquiring control also
OF a chain of banks throughout the
United States and the world, to DE
operated on a profit-sharing basis:
also in an importing and exporting
company. affiliated with my banks
and having under control steamship
lines plying between Boston and all
foreign countries. in every enter
prise ! have mentioned interest will
be paid on a profit-sharing basis not
only to patrons but to the working
staff. These will be started in Bos-
ton. as Boston Is my city.
SUPPORT ON LARGER SCALE.
my plans will be developed very
shortly. 1t is obvious that the magni-
tude Of these plans necessitates the
support of the public on a larger
scale than so far has been demanded
by any promoter"
A lively debate is in progress be
tween the respective friends of States
Attorney General ]. Weston Allen and
State District Attorney Joseph c. Pei
letter. After the publication in Bos
ton newspapers of a New York inter
view with Mr.. Pelletier in which he il
credited with saying that Mr.. Allen
took the Ponzi investigation out of hi,
hands. Mr.. Allen made public CORE.
spondence in which the States dis.
trict attorney offered assistance Ia
his colleague and asked Mr.. PelletieI
ito continue his activities in the case.
II did not offer to perform any OF
the duties which devolve on the dis
trict attorney" Mr.. Allen declared
He is a Republican and Mr.. Pelletier
is a Democrat.
Meantime. there Is disagreement be
tween Mr.. Allen and the accounting
firm that is auditing Ponzi's books for
the Federal Government. Mr.. Allen
suggested yesterday that he should
like to put an auxiliary auditor on
the case to help speed things up.
Mr.. Aliens man can have the
books when / am through with them
and not before" Mr.. Pride, the chief
auditor. announced today.
They are in the hands of the
United States district attorneys office
and will remain in that status until
the audit is complete"
PONZI STILL UNwORRIED.
While the authorities are engaged
in defining their several powers, Ponzi
like the lady in the melodrama, pays
and pays and pays. He seemed, in the
evening of the seventh day of the
great run on his treasury, to have
even fewer cares than usual. After
his luncheon at the Kiwanis Club to-
day, he bought box seats at a local
vaudeville house for himself and fam
lily. Then he motored out to his pa
latial new home in Lexington, took
an unconcerned nap and returned to
the city tonight with his wife and
mother. The occasion of the theater
party was the presentation here OF
motion pictures of the inancier taken
Sunday at his residence by n news
weekly photographer
The Italian laughed at stories told
him concerning the many investiga-
tions directed at his company
when they all get through howl
ing about my liabilities" he com
mented, 81 shall show them my as
sets in the form of pile of United
states currency such as few men have
ever seen. And have hardly begun
to do business yet"
II was stated here realiably tonight
that Attorney General A. Mitchell
Palmer had developed a warm interest
in the Italians present enterprise.
George W. Storck, chief accountant
OF the bureau OF Investigation. Depart
ment OF Justice, arrived here from
Washington this afternoon. He spent
an hour closeted with Edwin l.. Pride,
who Is in charge of the Governments
audit OF Ponzis books, and then went
into conference with Assistant United
states District Attorney Daniel Shea.
Mr.. Storck denied with n broad smile
any interest In the Ponzi case.
A United States official who wishes
his name withheld. said tonight that
the Government will probably con-
tinue it's investigation vigorously,
even II Ponzr should be found solvent.
"The Department OF Justice may
express a keen interest in the scource