The Washington times., 1922-05-08
DAUCHERTYIS
CHALLENGED
T0NAMEF0ES
Continued from First Page)

Oontlnueu from rHst faBeD
legal proceedings for it's return
or full recovery for its real value.
Two courses are under considera-
ton. one of which, counsel states,
will be determined on within the
next ten days. One is to ask the
courts TO set aside the sale as illegal
and unfair to the former owners.
The other is to sue those now in
possession OF the property and those
officials Of the alien property Gus
todian's office and their representa-
tives who seized, managed, and sold
II To recover the difference between
the sale price and the real value, as
claimed. for the property, together
probably, with damages for the
seizure and alleged misman cement.
Thomas b. Fielder. New York at.
torney, who has just been retained
by Otto Helms and associates. the
former owners. last week held
lengthy conferences with Attorney
General Daugherty and Assistant
Attorney General Grim, who has the
Bosch Magnetic case directly In
'ndTRe. ne VIII return 10 "dsHlnB
Ton this week TO go further into the
asc, before determining which
course 10 pursue.
Accountants Busy.
Following his conference With
Grim, the latter went Immediately TO
Massachusetts, where the big Rosci,
plant IL located and where the sale
% Kern was financed. For more
than a month Grim has had a force
Of accountants and special agents
making a complete inventory of the
Bosch properties and checking lis
accounts. preliminary TO decision
whether the Government shall seek
indictments against those involved
in the Bosch seizure and sale. IL II
stated semi Officially that Z will Re
another thirty days ,befoi ~ The de-
partments course will -tet.r.
mined. a.
Former Attorney General 4.
Mitchell Palmer. who was Alien
Property Custodian at the time, OF
the Bosch seizure and sale. con.
ferrcd last week also with Attorney
General Daugherty. The Attorney
General declined to discuss this
conference for publication. 1t is
known. however. that II had to do
with the Bosch affair.
Following this conference, one
high official in close touch with
the Bosch case said III is a serious
matter to say that former mem,
Der OF the cabinet should or should
not be indicted. The Department
OF Justice is going to he sure of its
ground before IT decides TO go
ahead. II was different In the
Morse case The Government had
the goods there"
Helms and his counsel claim the
property was sold for less than
30 per cent OF the company's sur.
plus. to Kern. a friend. reighbor
and former client OF Palmers s. The
situation az stated briefly by coun.
sci for Helms is:
The property OF the Bosch Mag
neto Company has been administer
serving as Alien Property Custodian.
As result. its owners have been
deprived OF ten million dollars worth
OF assets. These assets are now in
the hands OF the men who were ap.
pointed by General Palmer while
serving as Alien Propert Custodian.
THE old company has been dis.
solved; a new corporation has been
formed; the stock Of the new com.
pany is earning dividends at the
rate Of from SIS TO $50 a share
thereon.
Millions I'm Assets.
"In the Treasury, or under the
control of the custodian. there are
S4l5O, 900 OF the proceeds Of the
sale of the old company. and the
IL