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Consolidated Aug. 2,188
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Cbf ?5t;itfhm;m art Swrtjnwi
FnblMicd Wednesday and Saturday
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STOCK SALESMAN OF COLLINS
a Queer Story Concerning the Fiscal
a#e?U or the Collins Wireless
Telephone Co. and Their Doing*
Sent Out From Colombia?Rosen
wsM the H?m Who Sola the Stock
Seem* to he the Goat.
Saturday the Columbia Record
printed a sensational article concern?
ing the reported disappearance of
M. L? Rosenwald, the "fiscal agent"
for South Carolina, of the Collins
Wireless Teiephcne Co., of Newark,
K. J. This article Is reproduced be?
low. Monday morning the Columbia
State printed an article explanatory
of the Record's expose of Rosen
wald. The State's article Is also re?
There Is locally considerable Inter?
est In the doings of Rosenwald,
Gregory and other agents of the Col?
lins Wireless Co. for the reason that
they operated in Sumter for several
weeks prior to opening State head
rters In Columbia and sold a con
amount of stock in this
mghent this section of
wee In charge of M. L. Rosenwald,
but he was assisted by several othfr
agents, who visited the city from
time to time. Among the number
were Mr. i. W. Gregory, of Charlotte,
K. C. "fiscal agent" for North and
South Carolina, and several others
from the home office at Newark, N.
Everything went swimmingly and
stock was sold right and left until
the demand was apparently satisfied,
then, co-lncldent with the visit of
Mr. Oergory and the exeprt demon
? trators from the home office, Mr.
Rosenwald transferred his head?
quarters to Columbia, seeking a wid?
er field for his activities and talent t.
The local office was kept open in
charge of an assistant. Mr. Rosen
weld keeping In touch with affairs
here by occasional visits. Judging,
from advertisements in the Columbia
papers Fiscal Agent Rosenwald did
a rushing business, in that town and
sold lote of stock.
But -11 the while there was a sus?
picion In some quarters that the Col?
lins stock was of too speculative a
nature to be a safe Investment, and
when a communication, over the sig?
nature of Mr. J. H. Chandler, was
published In this paper about three
weeks ago. stating that Collins Wire?
less) stock was being sold on the New
York curb at $1.1$ to $1.50 a share
many of those who had bought stock
from Rosenwald began to become
uneasy and to make Inquiries. That
apparently made Rosenwald uneasy
and annoyed even the officers of the
company In Newark. The Investiga?
tion was and is still quietly under
way te ascertain, if possible, whit
value Collins stock has, and it is
hoped that within a few days somo
thlng definite will be available for
But In the meanwhile the publica?
tion in the Columbia Record Satur?
day stirred things up more thin
ever. It seems however, that all the
?.Tacts were not known In Columbia
and there Is a Sumter end to the
story, and In view of what occurred
here last week the Columbia storv
calls for some further explanation.
Mr. Gregory spent several days here
last week and Mr. Rosenwald was
here with him Wednesday or Thurs?
day, perhaps both days. The writer
met them together on the street
either Wednesday or Thursday and
had a brief conversation with them.
Mr. Gregory left before the conver?
sation with Mr. Rosenwald was con?
cluded and the latter stated that he
had been promoted over Mr. Gregory
and given a position In the home of?
fice In Newark as assistant manager
In charge of the stock sales depart?
ment that the management of the
Columbia office had been turned over
to Mr. Word H. Mills end that Mr.
elicd April, 1850.
'Bo Just ai
Rosenwald was then on his way to
Newark. He also said that he had
recently returned from Newark and
that while he was there the poslt'oo
abovo referred to was offered him.
While Messrs. Gregory and Rosen
wald wete here they sold the furni?
ture and fixtures of the local office.
It Is not know when Mr. Rosenwald
left here or where he went but Mr.
Gregory went to Columbia and then
It was thut the mare's nest was stir?
From Columbia Record. Dec. 11.
Mr. M. Rosenwald, formerly fiscal
manager in South Carolina, for the
Collins Wireless Telephone Company
of Newark, New Jersey, with head?
quarters in Columbia, has left the
city, and a number of persons, in?
cluding the representatives of the
Collins Wireless, are very anxious to
see Mr. Rosenwald. If he is found,
charges of defalcation, obtaining
money under false representations,
and also a charge under the new
State law against giving checks on
banks in which the giver has no
funds may be lodged against him.
Mr. I. W. Gregory, of Charlotte,
fiscal agent for the. Collins Wireless,
is in the city straightening out the
business of the company, with Mr.
Word H. Mills, now fiscal agent for
this State, and It is declared that the
Collins Company will see that no
subscriber for stock who made pay?
ments to Mr. Rosenwald will lose a
cent. Through the Columbia office,
in charge of Mr. Rosenwald, $4,000
worth and more of stock has been
sold in this State within the last
three months, but it is said that Mr.
Rosenwald did not deliver any stock
certificates and did not account to
the company for the stock so nold.
His resignation was demanded some
time ago, and Mr. Mills, who was lo?
cal agent for the Collins Company,
was placed In charge of the office,
and Is now in charge. Mr. Gregory
came down from Charlotte yester?
day to see how things were, but it
* Jhs&t if r. Rosenwald had
Iff Information as to his destination.
Mr. Gregory at once sot to work to
deliver the stock to those who had
paid Mr. Rosenwald for it, and this
task, It Is understood, will be com?
Some days ago Mr. Rosenwald
gave the Collins Company a check
for more than $1,000 In payment for
stock sold through him, but when
the check was presented to the bank
In Columbia, on which It was drawn,
the company was notified that Mr.
Rosenwald had no funds then on
deposit and the check went to pro?
test. A few days later Mr. Rosen
wald had a sum to his credit in the
same bank, but he carefully closed
out this account before leaving the
city. All his accounts seem to have
been In his own name and not in
the name of the company, the money
collected for stock having been de?
posited to his account. A number of
fcitizens of this State bought the
stock and paid for it, without receiv?
ing certificates of stock, but the Col?
lins Company proposes, it is under?
stood, to deliver these certificates.
Some of the stock was sold for $3
per share, and later the price was
advanced to $4 and then to $5 per
share. From one party Mr. Rosen
wald took a note for payment at the
rate of $3 per share, promising that
in December the stock would sell for
$5 and that the maker of the note
would not have to pay out any
money at all for the stock, but would
clear a nice profit. The stock, it is
said, is now selling at that figure
here, but of course, the maker of the
note is legally liable for the full
Mr. Rosenwald also made some
personal accounts around town, in?
cluding one for over a hundred dol?
lars for clothing for himself and
some friends. Mr. Rosonwald was
always well dressed, and Is a man
of fine appearance. In fact, he looks
very much like a Semlnole Securities
Neither Mr. Gregory nor Mr. Mills
would make a formal statement
about the situation today. Mr. Mills,
to whom Mr. Gregory referred re?
porters, said he deprecated the pub?
lication of the story at this time, as
he and Mr. Gregory were busy
checking up the office and transmit?
ting through the banks stock certi?
ficates to persons from whom Mr.
Rosenwald had collected subscrip?
tions, and they would probably issue
a formal signed statement, supported
by affidavits, early next week. It
was their hope, Mr. Mills said, that
the story could be kept out of the
newspapers until every certificate
had been placed in the hands of the
subscribers. Mr. Mills had on his
desk, as he spoke, a sheaf of blank
certificates, with notations and direc?
tions as to their dlspostlon.
nd Fear not-~Let ?11 the ends Tliou A?
ER, S. Om WEDNESI
As to the Clothing and ot'.ier per?
sonal bills incurred here by Mr. Ro?
senwald. Mr. Mills said: "You may
say that the persons other than him?
self for whom Mr. Rosenwald Incur
red clothing bills have already gone
to thf tailors and assumed individ?
ual responsibility for their propor?
tion of the indebtedness."
From The State, Dec. 13.
Durng the past day or two reports
have been current on the street that
M. L. Rosenwald, a stock salesman
for the -Collins Wireless Telephone
Company, who had an office in this
city, had defaulted and Bklpped the
town, leaving numerous creditors to
mourn his departure.
It has been known that I. W.
Gregory, fiscal agent of the company
for North and South Carolina, has
been in Columbia since last Wednes?
day night and that he came here to
check Rosenwald out, and that Word
H. Mills was constituted fiscal agent
for South Carolina, to act under Mr.
Gregory's authority. Mr. Mills and
Mr. Gregory yesterday said:
"In an evening paper Saturday ap?
peared a statement relating to the
I Wireless Telephone Company and its
former ag*nt, M. L. Rosenwald. The
I story as printed was inaccurate,
I lacking in essential particulars and
I wholly unauthorized.
"Since a story has appeared that
I does not furnish the facts, and is cal
I culated to create a wrong impression
I on the public mind, It seems neces
I sary to give the facts as they are:
I "The Collins Wireless Telephone
I Company, learning that M. L. Ro
I senwald was not conducting his bus
I iness in conformity with the instruc
I tions of the company, authorized I.
I W. Gregory, the fiscal agent for
I North and South Carolina, to whom
I M. L. Rosenwald was subordinate, to
I go to Columbia, check up the busl
I nesB and relieve Rosenwald.
"On December 9, Mr. ' Gregory
I came to Columbia and with Mr. Ro
I senwald checked up the business of
I the Columbia office, upon the rec
I owJsLjaf the office. The*, personal bills
I contracted for by Rosenwald were
I not considered in the settlement.
"In making the settlement of the
I company's affairs, Rosenwald deliv
I ered to Mr. Gregory the stock cer
I tificates issued by the company to
I subscribers, such as had been paid
I for by subscribers and not already
I delivered, together with signed state
I ments that he had settled with the
I company. These statements, so far
I as we were aware, were accurate.
"The statements and accounts of
I subscribers were received by Mr.
I Gregory and were' accepted by him
I upon the statement of M. L?. Rosen
I wald that he was square with the
I company in Newark. To prove that
I he had paid to the company moneys
I collected on subscriptions for stock,
I he exhibited his checkbook stubs. On
I this representation he was checked
I out of the office, and left the city.
I "Subsequently it developed, by
I advices received Friday morning by
I Mr. Gregory, that the checks given
I the Collins Wireless Company had
I been protested.
I "The Collins Wireless Company at
I Newark was apprised of the condl
I tion in which he had left the busl
I ness here, and the company an
I nounces that every person who sub
I scribed for stock, of which subscrip
I tions there is a record, will receive
I the certificates according to the sub
I scrlptlons; moreover, If it develops
I that there are persons who have
I paid any money to M. I* Rosenwald
I of whfch no record exists in the of
I flees of ':he company, upon proper
I representation every contract will be
I filled by the Collins Wireless Tele
I phone Company.
I "Should Mr. Rosenwald, upon his
I arrival at Newark, not settle with
I the Collins Wireless Telephone Com
I pany, It is a matter purely between
I the company and himself, and he
I will be h old personally responsible
I by the company.
"Mr. Rosenwald left Columbia
Thursday night presumably to go to
Newark, and neither of us is aware
that ho has not gone thither accord?
ing to his expressed purposes.
"It is true that Mr. Rosenwald has
left some debts behind him. That
Is a matter between him and his
creditors, in which the Collins Wire?
less Telephone Company has only a
caaual concern or no concern what?
"Mr. Rosenwald was merely a
stock salesman for the company and
as such had no authority to contract
bills In the name of the company or
to their account; on the contrary, he
had positive Instructions not to do
"The story as It appears In an
evening paper of this city said in ef?
fect that In the last three months
$4,000 worth and more of stock has
been sold in this State for which Mr.
ns't at be tliy Country'?, Thy God'l ai
)AY. DECEMBER 15
BRUTAL CRIME IN SIYAHNAH.
NEGRO SLAYS TWO WOMEN' AND
FATALLY WOUNDS THIRD.
Sister of Mrs. O. R, L Yicadomini of
I Charleston, Her Daughter, Who
Was Criminally Assaulted Before
Being Killed, and Another Woman
Victims of Terrible Tragedy?Axe
The Weapon Used?Murderer Es?
Eavannah. Ga., Dec. 10.?Victims of
a revolting crime, Mrs. Eliza Gribhle,
nged 70 years, and her daughter, Mrs.
Carrie Ohlander, were found dead in
their home, Nc. 401 Perry street,
West, here, today, while a third wo?
man, Mrs. Maggie Hunter, aged 32,
found just inside the front door of
the house, is at the Savannah Hos?
Physicians state that Mrs. Ohland?
er was the victim of a criminal as?
sault just before she was killed.
One hundred and fifty negro men,
caught in the meshes of the police
drag net through Yamacraw, the ne?
gro section of the city, are prisoners
in the police station, the theory of
the police being that a negro man,
having planned an assault upon Mrs.
Ohlander, was compelled to commit
the other crimes in order to escape.
Other arrests will be made before
morning until every negro in the city
who in any way resembles the de?
scription of a negro who during the
last three days has been frequently
about the premises of the house of
the murders is a prisoner.
The police believe that this negro,
using an axe taken from the wood?
shed in the rear of the Gribble home,
beat Mrs. Gribble to death, struck
down Mrs. Hunter, and after assault?
ing Mrs. Ohlander in the wide, long
hall way, where the ? bodies were
found, finished his terrible work by
beating in her skull with the weap?
Mrs. Gribble evidently jvas. attack?
ed from behind, as she sat in an
easy chair reading. On the floor, he
side her body, were found the news?
paper she was reading and her spec?
tacles. One, or possibly two, blows
were dealt her. Her grey hair, blood
matted, shows the imprint of the
It is probable that Mrs. Hunter was
the first to be struck down; that she
mot the murderer at the door as he
entered and was struck before she
SAVANNAH POLICE BAFFLED.
Both Hunter and Walls Are Now
Thought to be Innocent.
Savannah, Dec. 12.?After obtain?
ing from J. C. Hunter, husband of
Mrs. Maggie Hunter, who Is dying at
Savannah Hospital from blows dealt
her by the murders of Mrs. Carrie
Ohlander and her mother, Mrs. Eliza
Gribble, here Friday atfernoon, the
admission that he had visited the
home o? his wife, from whom he is
separated, on the day of the mur?
ders, the police today were compell?
ed to eliminate him from suspicion
of being the murderer. However, he
is being held as a prisoner at police
headquarters, and will be until it
seems certain that the real murderer
cannot be captured.
The police today questioned Wil?
liam Walls also, who admitted that
he went to the house, peered
through the closed window blinds
into the room of Mrs. Hunter, hop?
ing to attract her attention, but he
declares he saw no one. This, he
says, occurred at the time the two
women were lying dead in the house
after the visit of the murderer. The
"third degree" was administered,
and for three hours a rapid-fire of
questioning was kept up, but after
making those admissions Walls stuck
to his story of innocence. The police
now believe his story to be true.
This leaves but the original the?
ory, that the murders were the re?
sult of a negro man's plan to attack
The man or boy who owns a bi?
cycle had better not leave It in front
of stores or anywhere else on the
streets, unless he puts a guard over
It. The bicycle thief is abroad in the
land and a dozen or more wheels
have been stolen within the past
Rosenwald has defaulted. We wish
to say that up to two or three days
ago Mr. Hosenwald's accounts with
Mr. Gregory and the company were
known to be straight and all the
business was properly accounted for.
The only shortage that has occurred,
If a shortage exists, has occurred
within the last two or three days/'
id Truth's." 4**' THE TRI]
u 1909 New Sei
CLOTH MARKET STRONGER.
Cmp Report Added Very Materially
To Strength of Demand for Manu?
factured Staple?(i?K)d Advance
New York, Dec. 12.?The effect of
the government report on the cotton
crop has been to strengthen the
cloth market materially. Sales of
print cloths at Fall River jumped
from 50,000 pieces last week to 175,
000 pieces this week, and the New
York market has been active and
strong on convertibles for spot and
future delivery. Yarns are much
steadier and are tending higher.
Merchants expect that curtailment
of production will be enforced but
they anticipate no larger restriction
in consumption If present general
trade conditions hold. A shortage
of 1,000,000 bales la the cotton crop
will of itself force curtailment what?
ever may be the effect of necessarily
shlgh prices for the finished goods.
Jobbers are doing a good advance
business and the retail trade is ac?
tive in holiday lines. The large job?
bers are pretty well provided with
merchandise for the initial spring
trade, having purchased early, but
the question of the maintenance of
values is no longer in doubt In any
larger way, and as their present
stocks are lessened they will be con?
tent with present quotations of cot?
ton staple goods and are of the opin?
ion that prices will rise to a level
with higher cotton as the duplicate
spring trade begins.
RFPORTS OF CORPORATIONS.
New Tax Jmw Provides for Full Re?
Washington, Dec. 12.?More than
400,000 corporations in the United
States will have to make their re?
turns in conformance with the new
corporation tax. Secretary of the
Treasury MacVeagh has issued a
very comprehensive statement for
the government of those corporation
officials. The statement is calculated
to cover any questions of classifica?
tion and distinction which might
r.rise in the making of the reports,
and it sets forth in terse language
what the government expects.
Secretary MacVeigh's statement
plainly begins with the ' statement
that the government expects returns
to be made to conform with the in?
tent of the law and that the law had
two intents?first that it should be
a revenue producer for the govern?
ment and second to levy a tax of 1
per cent, on the net income of cor?
porations as provided in the law.
After a concise definition of what is
considered net income with the law
the statement says:
"It is clear that the purpose of the
law was not to put a tax on receipts,
but a tax on profits and that the
terms 'net income' and 'gross in?
come' are used because, while they
are practically identical with gross
profits and net profits, they are yet
more embracive and consequently
permit a more comprehensive ad?
ministration of the law."
For convenience and facility In
classification, corpc rations have been
divided into six classes. They are
insurance companies, transportation
companies, manufacturing com?
panies, mercantile companies and
The statement makes detailed ex?
planations of what can be considered
gross income, net income, and de?
fines what other terms used in the
statements are held to be within the
law. Inaccuracy is expected in some
of the returns, the statement says,
and it is expected they will be from
two causes. The first is honest error
and the second is intent to defraud
the government. Honest errors will
be corrected, but any attempts at
fraud will be met with vigorous pros?
The regulations do not call for
specific methods of keplng accounts
or any other particular method of
bookkeeping. The requirement is
simply that the business transactions
be so recorded that accurate returns
can be made and verified when neces?
Delinquent Tux Collections.
Deputy Sheriff Sykes, who has
given his personal attention to the
collection of delinquent taxes, for
which executions were issued, has
collected and paid over to the Coun?
ty Treasurer $3,0:18.52, and to the
City Treasurer $1,096.94?a total of
$4,135.46. This is the largest amount
ever collected front delinquents, al?
though the executions issued were
about the same in number as in for?
j The CtvtO League nurse finds she
noeds more milk, and anyone willing
to give some will please Phone 168.
IB SOUTHRON, Established Jone, 18M
ies?Vol. XXX. Mo. 32.
SIXTEEN CENT COTTON.
PRICE %DAVNC EB $2 a hale LV
LKss than two hovrs.
Sftecsdatorn I*revcnt More Violent
Advances by Selling Heavily to
Realize the Profits on Gains.
New York, Dec. 10.-? Xot since the
Sully boom of 1904 has the New York
eo-.ton exchange witnessed a more
sensational scene or a more spectact.
lat rise in prices than occurred to?
day with the announcement of the
gewmment crop report. ryith tie
galleries crowded with visitors from
the South, augmented by friends and
relatives of operators and other in?
terested spectators, the market soar?
ed to a new high record for the sea?
son, with gains of more than 32 a
bale over yesterday. Both the May
and July options touched the high
mark of 15.80, both gaining approxi?
mately 4 2 points over yesterday's: ?
Bull brokers prevented a mora vio?
lent advance, as they had distributed
heavy selling orders every 6 poime
H| from 15.55 for May and July.
Ti.ey sold enormously, supplying the
demand of shorts and also the inrush
Df buying orders from Wall street,
Chicago and Southern cperators and
the local and New England dry goods
interests. The market continued in
an excited state up to the close, with
estimates that 500,000 bales had
changed hands in the last hour. May
closed at 15.67 and July at 15.74.
It was 2 o'clock when the news
came from Washington that the gov?
ernment estimate was only 10,083,000
baits, the smallest crop since 1903.
Immediately there was a tremendous
rush of buying. Orders poured in
from the world over and prices
jumped from 20 to 30 points on the
first transactions. Last trades made
just before the report was announced
were on the basis of 15.50 for May
delivery; the next sales were made
at 15.70, an advance of 31 a, bale.
This was followed by tremendous
trading both ways and by rapid fluc?
tuations. A break to 15.65 followed,
then came the rise to 15.80. July
cotton fluctuated along the same
lines, while March reached 15.60 as
Its. high point and closed at 15.40.
The government estimate is about
200,000 bales below the prediction of
the most sanguine of the bulls and
the action of the market naturally
followed. Sixteen cent cotton, so
much talked about, was not realized
but the market came near it.
It now remains to be determined
whether the federal estimators have
underestimated the yield, as has been
the case for the past 10 years. Dur?
ing that time the crop has been un?
derestimated each year at from 500,
000 to 600.000 bales.
18 cents at new orleans.
May Reaches Long Dreamed of Mark
On South's Leading Exchange
Small Panic There.
New Orleans, Dec. 10.?Following
the posting of the cotton crop report
estimate of 10,088,000 bales on the
cotton exchange this afternoon, the
future market took a jump which
ranged from 26 to 40 points. May
cotton went to 16 cents, establishing
a new high record for the season. The
estimate was about 200,000 bales be?
low the predictions of the most san?
Anticipating a bullish estimate, the
trade started the market toward
higher levels several days ago. and
the May option yesterday sold at 15.
54, 4 points above the high price of
the day before. Yet it was even then
far below the level which was accord?
ed it today, when it broke all records
for the season by going to 16 cents.
A majority of the operators had beei
tr.'ding on the belief that today's
estimate would be between 10,300,000
and 10.600,000 bales. When an esti?
mate of 10,088,000 was put out, a
small panic ensued and the market
went up with a jump.
If the property owners on Ca Id
well street all agree to denote land
for the purpose of widening the
street the city will, of course, ac?
cept It as the street is not as wide as
it should be, but the taxpayers wPl
not be able to see that it would be
a good movement for the city to in?
stitute condemnation proceedings and
buy a strip of land for this purpose
in the event some of the property
owners cannot be persuaded to do?
nate what is wanted.
The raffling season has come again
and the rattle of the bones Is fre?