New-York tribune., 1920-08-04
PO1lzi Plans
2OO-Milli011
Corporation


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 family Then he mo-
tored out to his palatial 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 tinancier
taken Sunday at his residence by a
news weekly photographer
1t was stated here reliably tonight
that Attorney General A. Mitchell
Palmer has developed q 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 Ponzi's books, and then went
into conference with Assistant United
States District Attorney Daniel Shea.
Mr.. Storck denied with a broad smile
any interest in the Ponzi case.
United States to Continue Inquiry
A United States official. who wishes
his name withheld. said tonight that
the government will probably continue
us investigation vigorously, even if
Ponzi should be found solvent.
Ihe Department of Justice NAV ex-
press Keen interest in the source of
the mysterious profits" the official
said
The little Italian spent another day
OF smiles and snappy interviews. Be
sldes paying new half-million to note
holders and laying large plans for the
future, he found time to enter suit
against William II. McMasters, his
former publicity man and author of
the expose" that turned the run on
Ponzl almost into q riot. Ponzi socks
to recover $2,200 alleged to have been
lntrusted to McMasters for advert tisinr
purposes. McMasters promptly en-
tered suit against his former emp|ovor
Tor $4,000 and interest, which he claims
IS coming to hlm by way Of fee.
All day long Boston's favorite com
edy drama entitled "Ponzi Paws
played continuous performance to a
capacity house. The crowd of note
holders and sightseers reached 1000 bv
noon and a squad of mounted police
was necessary to keep traffic clear in
the neighborhood of the dingv Office
.! have $7,5O0,000 instantly available
IN banks IN this country,' Ponzi an
nounced as his good d-morning shot.
"and | should worry how long the rnn
keeps up. They didn't break me yes-
terday and they never will"
The seeming inability of the authori-
ties to find grounds for action and the
frequent appearance of Ponzi's self
confident smile in public have almost
swung Boston away from the fears that
McMasterss charges aroused 1t is
predicted tonight that to-morrow's
gathering of creditors will be greatly
reduced IN size from those Of yester-
day and to-day.
Mob Drives Ponzi Into Hotel
cheering mob and a small horde
OF photographers drove Ponzi into the
Hotel Bellevue for refuge during his
noon walk. The Kiwanis Club, in ses-
sion there, invited him to luncheon.
He accepted. "W hat is your business %
the registrar asked, according to the
clubs custom.
Dealing in postage stamps and
bankers goats" Ponzi replied.