The Washington times., 1920-08-03
PAYSM||LL|0NS
TO INVESTORS
Get-Rick- Quick Flnancier Says
He Can Meet Demands OF
Every DeposltOr.

BOSTON, Aug. 3.-The wcrst run
which Charles Ponzi, "get-rich-quick
financier has yet been called on TO
face started today. More than 500
note-holders, anxious to get their
money back, lined up outside the re
alley entrance TO the office or the Se-
curities Exchange Company. detail
of police officers was on hand 10 keep
the crowd in a long line which eN-
tended out to City Hall avenue ana
was constantly increasing.
A cheer went up from the waiting
men and women when the doors were
opened shortly after 8 o'clock and the
first group of ten or hfteen were al
lowed to enter.
Payments were resumed as usual.
slowly and methodically, the EN-
ployes, although radiating confidence
in their employer. being handicapped
by the closeness of their quarters
PONZI NOT ON HAND.
Ponzi himself was not on hand at
the opening of the onice' put the
disbursing clerks were as conndent
as ever that he was fully able to
meet all demands.
1t was announced that Sonzi IN
tends to reopen for regular business
on Thursday. having notihed one OF
his branch managers TO that enec''
This decision was made, IL was
stated, when the audit OF the DOORS
of the company failed to show any
thing criminal and the post onlce IN
spectors were also unable 10 hho
anything illegal.
District Attorney Pelletier has
clashed with Attorney General Allen.
interviewed in New York, where ne
ia attending the knights OF Colum-
bus convention, Pelletier declared
that any failure on the part or Al
torney General to obtain Information
on the case in his possession is MI.
Aliens own fault.
He declared the investigation was
taken from his hands by Allen. FUR
ther friction developed when Edwin
L. Pride, auditor for the Federal
authorities, declared he would not
give up Ponzi's book to an auditor
employed by the attorney general
until he finishes with them.
Following a summons to the Once
of Attorney General Allen, PonZi yes
terday defined his detractors and re-
iterated his ability to meet all oe-
mands.
Ponzi said that he had faced run
seldom equalled and had disbursed ap-
proximately S4.000,0OO in five days.
ed by a clear conscience, and a run
did not bother him as he had money
to meet it
ISSUES STATEMENT.
Ponzi was summoned as result, it
was said. Of his failure to keep an
agreement with Mr.. Allen, 20 visit
him either Saturday, Sunday or yes
terday.
"While the money king was MAX
ing his statement, William II. Nc
Masters, his former publicity man,
who accused him of being insolvent,
was being questioned by Federal
authorities. McMasters conferred
with Assistant United States Attor-
ney Shea and postoffice inspectors, at
which his statements regarding Ponzi
were discussed.
Ponzi's statement follows:
$50 far as being insolvent IS con-
cerned, 1 deny the allegation. Since
the responsibility of deciding this
issue is in the hands of Mr.. Pride.
the auditor appointed by the United
States authorities, any statement
coming from any other source than
from Mr.. Pride should be taken for
what it is worth
Some persons desire to embar-
rass the investigators, to turn pub
lie opinion against me, ana eVentu-
ally to cover something which
favorable investigation of my af-
fairs might disclose to their detri-
ment. There is nothing but malice
back of the statements of Mr.. Nc
Masters and others.
''There is a deliberate attempt to
prevent me from working for the
bcDeht of the public in general.
Should / be able to realize fully my
dreams, such realization would mean
the downfall OF m autOcrntic clique
which has been able to prey On the
credulity of the people.
WANTS ONLY ORDER.
'T do not ask the public to refrain
from demanding of me payment Of