Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-03-06
TELLS ALIENS TO
HIGHLY PRIZE GIFT
US. CITIZENSHIP
~ -
FEDERAL OFFICERS
TAKE CHARGE OFFICE
6. F. REDMOND CO.

Boston, Mar. 5-Deputy federal
marshals today took possession of
the Offices OF the G. F. Redmond
company. Inc. investment brokers,
In Boston, Worcester and Springfield
as a result of federal court injunc-
ton and receivership proceedings.
The offices of Wilmington and COM
pany. Boston brokers, said to be
allied with the Redmond concern,
also were closed by court order.
Judge Morton of the federal dis
trict court set tomorrow for a hear
ing on tire matter of making the in
junction permanent and appointing
n receiver. The federal grand jury
also will meet in special session to-
morrow and 1t is understood that it
will consider the operations OF GER
| tain brokerage firms.
The petition for a receiver was
filed by three creditors, all stationerS
or printers, with total claims of SO. =
1888. James $. Lamont of Natick,
president of the Redmond firm, in an
| affidavit filed with the court Joined
in the request that a receiver be
appointed. The creditors petition,
to which he assented, said that the
firm had thousands of customers and
| assets of large value.
! District Attorney OBrien of Suf-
folk County said that he had receiv-
| cd complaints from twenty custom
ers of the Redmond concern and that
he would turn them over to assistant
District Attorney Caro-. who has been
investigating the firms affairs. Upon
instructions said to have been re-
ceived from the main offices in
hrnnnhnC n M1n -
chester, y. H.. Providence and Hart
ford, Conn, also were closed today.
The New York offices were closed by
Injunction on Monday. The firm al
so has branches in other parts of
the country.
George r. Redmond. founder and
treasurer of the firm, once waiter
in n Boston restaurant and now living
in Il pretentious residence in West
Newton, issued a statement in which
he asserted that the firm never had
failed to meet any of its obligations.
The deliberate wreckihg" of the
good will of the public. he said, must
result in injury to the business.
A statement of the firms condi-
ton filed with the secretary of state
in January last gave its cash on hand
as $9,0SS,924, accounts receivable
$33S,10S and accounts payable ST.
965. 269.
Late today Judge Morton in fed
eral court issued an injunction or
der against the Security Safe De-
post Company restraining 1t from
allowing any person connected with
the firm OF q. +. Redmond. Inc.
from obtaining access to the safe
deposit boxes in custody of the com :
pany and containing it is believed
the records of the brokerage con-
Germ.
Another oSder was issued enjoin-
Ing James s. kamont. president OF
the brokerage firm. the G. +. Red
mond Company. Inc, its officers.
agents and employees. from attempt
ing to touch the contents of any
safe deposit box anywhere. The or
der. said, in part:
James :. Lamont, president or G.
F.. Redmond Company, Inc. his
agents. attorneys and representa- =
tives. are hereby forbidden from
taking, transferring. concealing, ne
gotiating or otherwise dealing with
any property or securities of the
said alleged bankrupt and from
opening any safe deposit boxes or
other places where securities or pro-
perty of the said alleged bankrupt
are kept until further order OF the
court"