New Britain herald. [microfilm reel] (New Britain, Conn.) 1890-1976, 1924-01-03

One such complaint, Mr.. Simmons
said, was iiled more than a year gao,
referred TO the Austin. Tex, division,
and never acted upon because ut was
a delicate case requiring caution"
Action is now contemplated, IL Is said,
as a result OF complaints and pub
lieity.
Complaints Pour In.
Senator caraway 3D., Ark.) and
Representative Frcar tr., WIS., are
being deluged with letters complain
ing OF losses from the Wood stock
promotions. Mr.. Frear's proposal TO
broaden the scope of his resolution
calling for investigation OF Maj. Gen.
Leonard Woods administration in
the Philippines has brought out the
correspondence on the stock enter
prises Of the Generals two sons,
Lieut.. Osborne Wood aud Leonard
Wood, Jr.
Copies of literature sent out by
Leonard Wood, Jr., as president of
tho Acme Production corporation.
which originally had elaborate offices
In the Cunard Building, New York
AAIA4 accompany Atlt ihitifAlililHt
literature represented that the Acme
concern held thousands Of acres Of
oil land in Oklahoma, Mexico, Ore
gon and Washington. and urged
quick stock purchases in anticipation
Of great oil strikes.
Many Veterans Lost
The letters sent TO Senator Caraway
state that complaints were filed with
the post office department in several
cases. Some complained they were
induced to buy and their faith in tho
stock was established by the cmpha-
sis placed on Leonard Wood, Jr.'s
family and army connections. one
cx soldier told Of an active stock
selling campaign in his regiment end
ing in heavy losses for many war vet
Grams.
Several correspondents referred TO
themselves as suckers" 4 retired
army captain OF Philadelphia said:
Il beg to inform you that ! was a
stakeholder in both the Craven and
Acme Production company. 1 pur-
chased 100 shares Of the Craven stock |
at 81 a share. thought surely that
ti1e name OF Leonard Wood. Jr., was
ample proof OF the integrity Of the /
! was repeatedly asked /
to send more money. but / Suspicion
cd that alt was not well. so did not !
send any. ! suppose that ] have lost !
my money"
Mr.. Frcar said that he was receiY- /
ing complaints from California TO I
Maine" lie made public one from 4
Mrs. J. N. Nehr OF Mather. Pa, con- 1
tradicting Leonard Wood. Jr.. in say
ing no effort was made TO induce en- 4
listed mon TO invest"
Ills picture with his standing in !
The army. along with the amount of /
service. also Capt. Craven, telling
v hat be had done. were special fca-
lures" wrote Mrs Nchr. In the ad- I
Fcrtiscmcni they wanted eN-scrvice- Z
men particularly 10 invest for a per
maneni income. took every cent |
had and sent il 20 them. then after /
reading letters like the enclosed. Zone
81 the solicitation Ittters) ! took I
more stock on time payments till /
bad sunk $500. money ! really need I
- ELSEWHERE
THE writer would ncreF have in +
vested II II had not been for MIR. f
Woods standing in tho army.
Secretary OF War Weeks is prepsr-
- 10 appear In defense Of Major Gen.
Mood before the house rules commit
re- OF any other. committee which
mas order an int ticatiou or the ad- 4
ninisiraiiOu Of the governor general 4
4 the Philippines
In reply 90 questions. Secretary
Weeks said that from statements ap-
searinE IN print credited 10 Repre-
entative Frcar. who introduced
resolution demanding an Investigation
md favoring independence for the
1Iiirinos. he was confident that the
.ecor5s Of the bureau 81 ins1lar af-
airs contain data which sill answer
most Of the questions asked.