The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-02-13

.;,v that he was short at least s4.-
sa6 p00 in his transactions with
osnsr persons money, insisted that
Z. had violated no law and wodld
ave made good all of his. debts IL
~ notice had let him alone. He
assisted that he had played a lone
hand in his dealings, but despite
this. his blind stepfather. F. o. Da-
vis and his cousin, e. F. Geer, were
called before Judge Lands with
rim. Search also was started for
h,a sister, who is believed to be on
or enroute to the Pacific coast.
The police wish to question her
concerning 100000 worth of Lib
srty bonds, which were given Bis
ehoff by customers with the request
mat he invest the proceeds from
them in his various oil specula-
tons. No trace OF the bonds have
been found.
Luck With HShOestring.n
Chicago, Feb. 13.-Raymond +.
Bischoff, under detention in connec-
lion with an admitted shortage of
A,500,000 as a result of financial
dealings with approximately six
thousand residents OF the Chicago
back of the yards district, blamed
q lucky deal with friends $26e for
the continued transactions which
have involved him so heavily.
"A friend begged me to play the
market with his money, saying his
creditors were pushing him." Bisch-
n f1A L AT
consented, doubling his money in
a week. He told all his friends and
! Immediately was beseiged with
similar requests. That was the be-
ginning Of it."
Dabbling in oils led to his pres
ent. status, he was quoted as say
ing, after visions of big financial
deals arose when he found how easy
/ II was to have others give him their
money to invest.
Bischoff's attorney maintains that
the 25-year-old wizard of Bubbly
Creek" has violated no law in his
dealings, despite the shortage OF
, millions. Bischoff gave promissory
notes for the money invested with
him, the attorney said, adding "a
man can't be imprisoned for nom
payment of promissory notes if he
hasn't the money"
Creditors may realize ten cents
on the dollar, the attorney said.
Cleared in a Week.
While l welcome government in.
tervention. q could have pulled
through if they had let me alone
another week." Bisehof said.
The oil company of which he at
tempted to gain control, Bisehofl
said, has extensive holdings in Ok.
lahoma, 160 miles north of Tulsa
as well as in the Texas fields. Its
stock has a par value of 81 he said
but recently it dropped to % cents
Il became interested in the oil
stock last February" he said. "a
kept putting more and more none,
INTO it until in July I thought ]
owned every share in existence. But
then | discovered a powerful com
bination was fighting me.
BlameS SBucket Shop
More shares began to DOB UT
unexpectedly and before long
found that through bucket shor
uldtAouS udu Deen Duyllg
] duplicate shares.
For the last few months / have
been fighting a losing battle
Des Moines, Iowa. Feb. BRAY.
mond ]. Bischoff. being detained BY
chicago police in connection with
his financial dealings with several
thousand persons, is well known
In Des Moines.
He arrived here during 1917, pos.
; ing as Sergeant D. c. Breckenridge
OF the Princess Pats Canadian
regiment. He held audiences here
spell-bound with his tales of ex.
ploits performed while with the
famous Canadian fighting organiza.
non He was the hero OF the hour
mere until he was exposed as a de
serter from the American army
while in Des Moines, Bischoff, OIL
brecknridge, was highly entertain
cd by civic organizations.
!. Bischoff told Judge Lands that he
mad joined the Canadian army in
search of adventure. The Judge
asked him il he had been honor
6 ably discharged.
That matter hasn't been settled
yet was the renlV