Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-07-06
4. ]. DREXEL, JR.,
INDICTED IN n. Y.
Notion Based on Alleged Con-
nsction With illegal Sales
of Stock
OTHER OFFICERS ACCUSED


Norton, professor Of history and fine
ssfs at Harvard University for twenty
Avc years, has disclosed that Anthony
J. Drexel, Jr.. who married Miss Mar
5orie Gould: Louis B. Jennings, presi-
dent. and Harry Brolaski, general man.
eyer Of the Standard Films Industries.
Inc, were indicted with Mr.. Norton
last Friday fo- the alleged sale Of $685.
ZOO Of stock in the Standard Film In
dustries. which was authorized to issue
. enly 200 shares at IS a share.
\ Mr.. Norton, who has Offices at 2 Rec
tor street and lives at 81 East Seventy
seventh street. was arrested by Detec-
: tive Bernard Flood, arraigned before
Judge Talley in General Sessions and
released In $4,000 bail. At the prexel
simmer home In Lakewood, y. j., 1t
was. said Mr.. DreIel, Jr was visiting i!s
California aud Mr.. Jennings is believed
b be In Chicago or St Louis.
Calls Chsrses Old
''The charges upon which this in
dictment is based" said Mr.: Norton
yesterday, were all threshed out in
1918 and thrown out. 1t is purely
q second statement. No stock has been
sold for several years. do not see why
the matte. should be brought up all
over again"
Charles A. Roberts, of Powell,
wynne & Roberts, 7 Dey street, at
torneys for Mr.. Drexel, issued this
statement:
''The facts regarding the organiza.
tion and subsequent business failure OF
the Standard Films Industries, Inc.
have long been a matter OF public rec
ord, and Mr.. Drexel's participation in
It's affairs has been fully vindicated.
The charges in the indictment against
Mr.. Norton are understood to relate to
transactions arising some four years
ago, and we are surprised at the action
now taken. The entry of the United
States into war disrupted the com
,pany's organization and prevented the
success Of it's enterprise"
District Attorney Swami said the
company has collected about 5000, 900,
largely from the more ignorant classes
and poorer people, and about $4,000 or
$1,000 of this amount had been OBJ
ts.ned through sales Of stock to Har
lem Negroes by agents operating on a
40 per cent commission basis. No div
tidends have been declared or paid, he
added.
An nvestigation Of the Standard
films Industries about three years ago
resulted in the indictment Of Mr.. Bro
laski and Mr.. jennings, though this
was later thrown out. Acting District
Attorney Banton, then an Assistant
discharge of bail on the ground the
facts did not sustain the indictment.
II Is not alleged by the District At
= torney there have been any transac-
lions by the company since that time.
Mrs. Marian X. Clarke and Floyd
Wilmot, OF the State Industrial Com =
mission, reported to Mr.. Banton re-
Gently, however, they had obtained new
facts and received additional complaints
uon which resulted in indictments for
larceny by alleged fnlse representa-
tion.
Mr.. Banton assigned Assistant Dis
.trtct Attorney Ferdinand Q. Morton.
who. after a thorough inquiry, pre-
isented the testimony to the Grand
Jury. He obtained an indictment un-
der Section 662 of the Penal Laws re-
ilLtfng TO issuance OF stock in excess of
the amount declared, felony punish
eble by seven years imprisonment or
$1,000 fine, or both.
Stock Never Listed
Mr.. Morton's information is that
most OF the stock was sold in this
county for about So. 80 or less n share,
He asserts that while the first indict
ments were dismissed the District At
ltorney's office felt sure the film con
Germ was a swindle and has much
stronger evidence to bear this out n,
this time. The corporation was organ
lied In Virginia in 1915 and had lis
New York offices at 69-7l Wes,
iNinetieth street. The stock was neve,
listed on the Curb. 1t was capitalized
at $40, 5000 000.
The directors at the time Of incor
poratiOn were Mr.. Drexel. who wa.
vice president Andrew J. Kabe. Phil.
lip o. Mills, George \. Murty, Elio,
Norton. attorney and secretary, anC
Louis r. Jennings. The Incorporation,
are given as Mcssrs. Jennings Morton
and Alexander II. Jackson, treasurer
San Francisco, July CIV A
,PO-Indictment Of Harry BrolasEi ir
New York with Anthony Drrxel. Jr.
Eliot Norton and Louis i. Jennings
in connection with the affairs Of tn,
Standard Film Industries. Inc, make,
eighty times Brolaski-politician for
mer gambler and self f-stylel ''refnrmc
confidence man'-has been indicted
according to records of San Frnncisc,
courts.
Brolaski now is under prison sen,
tence of United Statcs courts here fol
lowing his conviction as the INA ste
mind" Of an alleged huge whisky srllin,
conspiracy which was declared to hay,
involved thousands of dollars. lie i
free on bail while appealing from th
sentence.
In q book written by Brolaski, whicl
purported to be an expo 80 Of ganhlin
and confidence measures. he Soy led him
self a reformed conidPnc" man
Brolaski said he had exc.led as
gambler. race track bookmakcr an
confidence man for years
According to news dispatches fror
New York BrOlaski was namcl in til
indictmcnt as general manager uf TN
Aim enterprise. He denied this. sayin
he had acted aH stock broker for In
concern. In 1917 he said he had bee
Indicted In connection with ;hp sam
concern, arrested and taken to Ne,
York, but the case later WAS liSmiSsc
when II came to trlal.
Anthony J. Drexel, Jr.. third Of III
name, is descended from long line q
tllustrious Americans, who have bee
for generations cornerstone in the 50
= cial and financial structure OF Phila
,phia.
he was born in Philadelphia in DC
tober, 1887, the son of Anthony ,
Drexel, ID and went to England whe
he was nine. He was educated
Tarnborough and Eton and took a tri
around the world with tutor in liz
Of q university course. He returnC
here and took up business career vii
Drexel Il Co., but after four yea