OCR Interpretation

The day book. (Chicago, Ill.) 1911-1917, September 22, 1915, LAST EDITION, Image 4

Image and text provided by University of Illinois at Urbana-Champaign Library, Urbana, IL

Persistent link: http://chroniclingamerica.loc.gov/lccn/sn83045487/1915-09-22/ed-1/seq-4/

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When Louis C. Ehle was found
guilty of $600 embezzlement from a
small stockholder injie $75,000,000
Swift & Co. Monday Tftight, it was
mainly on testimony of Henry Vee
der, head of the legal department of
Swift & Co. Here are some facts
about Ehle which have not crept into
the Chicago papers:
Ehle is the chief witness of Att'y
Gen. B. P. Looney of Texas in action
against Swift, Armour and Morris
companies filed last week.
Secretly and through the use of
Ehle as a dummy the Chicago pack
ers broke all the laws of Texas dn
monopoly in restraint of trade, ac
cording to the Texas bill
Ehle was the man in front He
traveled around among 75 cotton oil
mills and gins in Texas and Arkansas.
He sat in a big office in the New York
Life bldg., Chicago, and signed per
sonal checks for as high as $100,000,
and these checks were honored by
Chicago and Texas batiks.
Nobody ia Texas or Arkansas ex
cept a few beef trust men knew that
Ehle was a dummy millionaire and
behind Ehle were the Chicago pack
ers. When Ehle went down to San
Antonio or El Paso they met him on
the streets and said, "Howdy, Mr.
Ehle," believing that Mister Ehle was
a big millionaire. Back of the beef
trust office doors Ehle was only a
lawyer working for a $10,000-a-year
salary for Swift & Co.
According to the Texas bill the
dummy held deeds to the property in
his own name. But secretly the dum
my signed papers called "declaration's
of trust," in which he says practical
ly: "The deeds to this property are
not mine. They aJ owned by other
persons named herein."
Attorney General Looney alleges
that the Armour-Swift-Morris com
panies changed dummies last year
and installed Francis Dawson in place
of Ehle and this "was, but a part of.
the scheme and device oh the part of
the defendants to conceal from the
public the fact that they were jointly
interested in such properties."
o o
Every now and then the hand of
Big Business slips when it is shearing
a lamb. The squeal that follows is
mostly hushed, but once in a while
the victim tries to kick or bite the J.
Winifred Hall, Boulder, CoL, says
she lost $7,000 in a deal and brings
charges of fraud against 13 promi
nent oflftcers and directors of the de
funct Realty Realization Co., among
them Potter Palmer, Jr.
It's a queer story, that of the Real
ty Realization Co. It was organized
in 1911 with a capital of $1,000,000.
In less-than two years the capital was
boosted to two, three, then five mil
lion dollars. When it went into bank
ruptcy half a year later the capital
had, according to the complainant,
Winifred Hall, by unlawful dividends
been reduced to $243,405.
Financial crash of the $5,000,000 ,
company came after the body of Clin
ton S. Woolfolk, president, was found
in his Evanston home with a sholgun
Potter Palmer, Jr.'s answer tothe
charges against him is that they are
barred under the statute of limitta
tions. o o
Los Angeles. Million-dollar fire
destroyed Jnion Warehouse Co.'s
plant with stores of groceries and
o o
The budding author 'approached $)
the postoffice stamp window.
"How -much postage will this re
quire?" he asked. "It is one of my
"Two cents an .ounce," smiled the'
clerk. "That's first-class matter.''
"Oh,.thaik youJ'N. .Y WOrtd..

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