The Washington times., 1922-08-06

ouly uuLy-tLuee years olu'
From s12 per week to head Of
Q $50 o.00o,0o corporation was but
the leap Of a decade for Henry
Vincent Greene. When most boys
are Just getting started after .
college career. Greene-born q
poor boy in Lawrence-at twenty
five years Of age was doing big
things in the world of business.
At thirty-one he was the head
Of the First Peoples Trust Com
pany, q sso.ooo.o 900 organization.
and rubbing elbows with Boston's
finest
From soda-jerlxing to q million
stre and owner Of q twenty-eight-
acre exclusive estate In Weston
and . summer homo in North
Scituats. Henry Vincent Greene
was sitting pretty" q millionaire.
when most men are just getting
. foothold. He 10 the father Of
two children. Robert. one year.
and Henry. two years old.
LEGAL AID SUING.
So today shriekins in news
paper headlines IL the name Of
Henry Vincent Greene and the
record Of his dizzy days in State
street. Maybe they'll 60 on. too.
They've only sued and $14.00o.0oo
to Henry Greene is only $4,000, 900.
II might mean ruin to some folks,
But it's Just s14,ooo.o 900 to Henry.
In the language Of law, H. v.
Greene Company. the Commercial
Finance Corporation. the Mutual
Finanos Corporation. and the First
Peoples Trust are sued for s1+.-
900, 900, paid in for the purchase
Of stock.
Suit was f1led by tho Boston
Legal Aid Society through its
general counsel, Joseph d. Taylor.
and special counsel. Joseph A.
Locke, acting for thirty-five
plaintiffs. either stockholders or
holders Of instaIlment plan con-
tracts to purchase stock in the
defendant companies.
HIS Co-woRKERs NOTED.
EnJoined with Henry as do
fsndants in the suits are the d.
reotors and trustees Of the Greene
companies, both as officers and
individuals. many Of them men
prominent not only in Boston, but
throughout the State
Important. too, II procedure
taken to prevent any disposition
Of moneys being made pending
/the outcome Of the suits.
Appointment Of temporary re-
delivers for the defendant com
panies II asked.
Don't be sucker" was
Henry's plea to the hard!working
man, satisfied to bank his money
In savings institutions for ~ per
cent Der annum. Don't be .
sucker"
LANDED so,oee
For a. the papers of tho suit
word IT.
"The cardinal principle Of the
conspiracy was to represent to ths
prospective investor that the banks
were not paying a fair return 10
the man Of small means. whereas
the companies in question were so
organized that the investor would
receive the full earning power OF
his-money, and that small invest
ors, by. combining in the purchase
Of Greene securities and thus
financing q large company, would
obtain profits from the large
money-makins possibilities hith-
erto open only to tho rich and to
the great bankers"
To $4,000 persons, It is charged,
II was the end Of the quest for the
Golden Fleece, s14,o0o,0o0 having
been handed to Henry and his pals;
$500. 900. II Is charged, was "re-
tained by the defendant conspira-
tors. illegal, fraudulent and secret
profits"
wHIPPLE INVOLVED.
Named with the thirty .four.yesr-
old wizard are J. Henry Neal. Will
liam r. Sampson. William F. Ken.
ney, Edmund c. Campbell. Austin
M. Pinkham. Henry p. Robinson.
walter q. Burns. William L. Ter.