Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-08-26
MANY Z FAILURES; | ] | ] | ] !
WOULD RESULT ]
FROM ! 'l|l | | | SW'IlgDLE: S \ | | ] / |
Ats .ss Least Fort gl1t Banks
Y WS'ould Have BEEN !. u Ruined. [.
il French Deal.
Cane {; celled Stamps Cleaned
u and Put On Market s
y Says Staub.

/ Chicago, Aug. 2s, The financial
failure OF at least 48 banks and kim
4dred institutions ins. the middlewest
atoms Of Charles French and
John Wyi;Worthington beer, carried to
q successful conclusion. u A n
This was the statement made 7sto-
day by John ". Clinnin assistant
United States district attorney, after
AN examination OF $21, ,O0O, 900 in
spurious securities and 4 fraudulent
notes seized from various enterprises
sponsored BY the alleged heads of the
sswindl lings trust, and the mail rob
berry group, who with associates are
! oeing held here. x n n.
Many AProspects.,, 4
St Not only we're financial institutions
ITO be involved but some OF the big
gese financial men in the country
We're listed as prosp pects. The names
Of hundreds Of prospe ectivas victims OF
the machinations Of the s financial
wizards were found in the possession
Of Alva Harshman, French,s secre-
tary according to the assistant dis
trict attorney. /. Is &55tt ti ~ .s .ss5 81
Among the names listed was that
Of Coleman DUPONT, United States
mama = ,,rar e av.,es,s.ns 8 az "l.s saaaay
of othar :, =, .s I, a
M nciai 1vnr,a s,ara s1fny,,,d !; !, ~ ~,
sIad gar ~ ~, T., :, e - 81 tsl's
o. Ns !. Z, q, /. =. X,
aliapad swin d,ars e ya,,I,sn. s \ = =. :, :, :,
thaiI Mans ~ ,r1,c,, - "a ~ ~
a. picture was presented yesterday Of
the activities Of the sAmeg group in
what federal authoritie AteETned the
80 4 e. Il: , s5y 7. 4. IL
n. stamps Resold.
Casper Staub, Jr., a dealer ii for
eign stamps told Mr.. Chnnin that
lWorthington had tried to sell . him
Esome war savings stamps and when
shown stamps seized In raid en-
I WorthtHgton,s Office declared that
tthey we're cancelled stamps and had
bsen cleaned by 8 being 4 washed in
81 s.s x s s y 81 a Es Is 49,
issFe az ssS laf. s:! Dc Yis,. Ohio
Ebank and wealthy ma anYfactlrer of
I fAkronsssw who ais said to be- sfnvolvad in
thescase ;was expected today and he
Eforf questioning. - e Y .ls
Elmer = Gerber, whose arrest led
to sthe.-recoveryo of some $15, 100000.
talked freely after being brought
here, from Cleveland last night. An
eulogy on the honesty and high. moral
character Of French was among his
hrst sutte erahces, /, \ A. aaS .it5: \
~ never knew more honest, up
right and decent citizen. he said,
speaking of the alleged head Of the
'sWindle trust, 5s y . IL I. .a
he was always thinking OF others
and willing to help them IN any way
~ NJ :, stes ------ -45 & n;
y Chicago, Aug. 5.-At least a part
Of the more than $9,O00,0OO in notes
seized . in q Cleveland safety deposit
vault yesterday by federal agents are
nothing but scraps Of paper ac-
cording to Charles w French, alleg-
ed s head of "a 5O,000,0O0 swindle
ring, who is a prisoner in the county
jail:
The notes, particularly those of
the Master Tire and Rubber com
pany, Of Dayton, Ohio, are neither
signed, sealed nor stamped, French
said in an interview today. They
were prepared under contract
which provided for the issuance as
needed I'M the development Of the
company declared, but the contract
Twas never carried out. .r
Scouting the idea that Col John
ifCIinnin, assistant United States dis
Hict attorney, has any evidence OF
\ irregularities against Thin, the So
year old promoter Of a score or more
/ OF, big. business enterprises which
the government! contends never pass
ed beyond the paper stage--repeated
former declarations that the district
4 f : ~. ~