Wausau pilot. [volume] (Wausau, Wis.) 1896-1940, 1922-02-16
Lands Tits
BISCHOFF LID
Discovers the Chicago Wizards
Cache; Ties Up the
Riches.
TRIES TO SHIFT THE BLAME
Tells Court His Failure Came as the
Result of an Alleged "Double
Cross" by an Attorney in an
Oil Deal.


Chicago, Feb. 14.--In addition to
forcing from Raymond J. Bischoff and
his associates the remarkable story of
how he had started out two years ago
with virtually nothing and ended up
| with liabilities estimated at 100000,
Judge Lands succeeded in locating six
safety-deposit boxes. which may help
solve the question of what became of
the money The investigation fol-
lowed appointment of receiver
That wasn't all. The judge also
Jared from the financial wizard" the
admission that he was deserter from
the United States army and, finally. he
issued restraining orders preventing
Bischoff's relatives, in whose hands he
appears to have placed much of his
business. from disposing of two fiat
buildings, two houses, farm. four au-
tomobiles and the contents Of the safe
ty-deposit boxes.
Bischoff Shifts Blame.
Bischoff, himself, under questioning
by counsel for the Central Trust com
pany, receivers, charged that the fail
ure of his personally conducted con-
Germ, the Y o. Oil company of Denver,
Colo, came as the result Of an alleged
double cross" by Attorney Emil c.
Wetten, who he says, was retained as
counsel and chief adviser at $500
month, but who withdrew from the
company at a critical stage.
Before bringing Mr.. Wetten into the
tangled web of the inquiry Bischoff,
under questioning by Judge Lands
had admitted that half a dozen of his
field agents. or solicitors were pres
ent in court These were ordered
taken into custody and sworn as wit
nesses by the jurist.
The examination, which started out
with an attorney questioning Bischoff,
quickly turned into a four-cornered af-
fair, with Judge Lands shooting ques-
tons at the twenty-five-year-old
plunger; his blind stepfather, f. O.
Davis, and his mother, Mrs. Davis.
Apparently the old people originally
had been innocent victims Of conf
dence in their sons wonderful money
making schemes. and had not appre
ciated until now that somebody would
have to pay.
Don't you realize that the sealskin
coat you are wearing came from the
pockets of these people out in the
Yards district" the Judge demanded of
Mrs Davis when she pleaded to retain
$1,000 of her own money which, she
said had gone into one of the apart
ment buildings. Don't you realize
that at least eleven-twelfths of what
you own was realized by this swim
dep
The woman bowed her head and put
handkerchief TO her eyes.
Il realize ii now" she said. I'm
sorry. I'm willing to do everything |
can to help them yet il back"
Makes Lawyer Pay Back Fee.
Previously Davis had recovered his
memory sufficiently tn recall the exist
ence OF n $4,000 emergency fund in
the safety deposit boxes Of the Univer-
slty State bank. and to recall that last
Saturday he had visited the Office of
Attorney James J. Kelley, counsel for
Bischoft. and had turned over 10 the
latter $1,000 in Liberty bonds at the
direction Of his stepson. Attorney
Kelley admitted receiving the bonds in
lieu of retainer fee and agreed re
luctantly to turn the securities over To
Attorney James ]. Rosenthal of coun.
sci for the receiver. after he had been
admonished by Judge Lands that the
receipt OF the retainer" had followed
the filing of the bankruptcy petition in
the forenoon of February IL.
The stepfather. who has been blind
for years. admitted that Bischof had
used his name To cover up some of the
assets of his money.
II thought 1t was all right" he said
Il had confidence in him."
Have YOU still contidence?" asked
Judge Lands. "Do you believe. for in
stance"--referring to statement Bis
schoff had just made-"that. given the
chance he could. pay ~ cents on the
dollar In six months"
mo" said the blind man. II don't
think he could"
shat ..s.t.... :,