The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1920-05-27
ARCADIA BAUBLE
ENDING IN COURT
Ships that Never Came
In Are Being SaIvaged
by Agreements.
GET RETURN
Closing Up Of Sebastian RineIli
Estate Is Efecting Com
promise Settlements.


The Arcadia Groves Bauble. an in
vestment company in which many Ke-
nosha people invested considerable
sum of money with the hope that it
would prove the "ship which came I'M
bringing them fortune and all that
goes with it is being closed up in the
county court of Kenosha county and
the people are making an effort to
salvage the ships which never came in.
The claims Of many Kenosha people
who had made purchases of land in
connection with the dealings Of the
Arcadia Groves Company are being
settled by the executors of the estate
Of the late Sebastian Rinelli. Judge
Taylor in the county court this morn
ing said that many Of the claims had
already been compromised and that
within a few days the whole list Of
claims in connection with the dream
Of the Kenosha Italians" would have
been cleared up. The claims are be-
ing settled by compromise but it was
said that the investors are receiving
in the neighborhood of thirty per cent
of the amount Of their investments.
No Blot on RinelIi Name.
The settlements which are being
made are leaving no blot on the srepu-
tation Of the late Sebastian Rinelli,
formerly prominent among the Ttal-
ians Of the city and the man who
acted as the leading agent for the
Arcadia Groves Company in Kenosha.
Rinelli is admitted not to have made
cent of profit out of the dealings
Of the company and the executors Of
his estate are making an effort to get
the best possible settlement of the
matter now Many Of the investors
who turned their money over to Ranel-
Ii have already been settled with.
The Arcadia Groves Company came
to Kenosha many years ago. The Rev.
A. Bandizonne, one time pastor Of
Holy Rosary Church was one Of the
warmest supporters Of the plan which
suggested that Italians from Keno
sha take. up a large tract Of land in
Florida near Arcadia Groves and build
there q church, school and parish
with the understanding that the in
vestors would receivee farms to work
and that the community would be
operated on more or less a co-opera-
tive basis.
Many Made Investments.
Many Italians of Kenosha made in
vestments in the property and the
amount of these investments was esti-
mated to be in the neighborhood Of
twenty thousand dollars. The pro-
moters of the plan had secured land
on land contract subject to a mort
gage which had been placed on It.
Some one in connection with the deal
failed to properly protect the land
contract and the land was taken over
BY the holders Of the mortgages. Be
fore the land was taken over the own
ers of the mortgage served notice on
the Kenosha investors but many Of
them became suspicious and never
made any effort to protect their in
vestments.
Rinelli had been prominent in the
promotion of the plans for the com
munity and to many Of the investors
he gave personal notes covering the
amount Of the investment. These
notes were presented against the
estate for settlement and while there
might have been some doubt as to
liability the family Of Mr.. Rinelli was
favorable to compromising the claims.
Just how much the estate will pay
in connection with these claims will
not be known until the final account
is prepared.
A few Of the investors in the land
have gone ahead and carried out their
contract with the company who took
over the land on the mortgage and
these people have built homes at Ar
cadia and are enjoying their farms.
1t was said that the fact that the land
had been owned by Jesuits made it
impossible to carry out the original
plans made by the Kenosha men.