Los Angeles herald. [microfilm reel], January 08, 1908, Image 1

About Los Angeles herald. [microfilm reel] (Los Angeles [Calif.]) 1900-1911

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&1 News
VOI> XXXV. PRICE:• BY CAHKIISK Aft CENTS
niijJbrhw jrltlUT-j. pun month 4U
HEINZE, COPPER MAGNATE, ARRESTED FOR OVERCERTIFYING CHECKS
THREATEN
LANDLORDS
WITH FIRE
TENANTS IN NEW YORK FIGHT
EVICTION
ANTI-RENT STRIKERS KEEP
STOVES HOT
Marshals Unable to Move Furniture
Into the Street Until Kitchen
Apparatus Has Time
to Cool
By Asioclatec! Press. -
NEW x'ORK, Jan. 7.-Threats that their
buildings would be burned if they evicted
the tenants flooded East Side landlords
today. The , warnings werj supopsed to
have come from the rent strikers, and in
general were on postal cards and worded
as follows:
"We will, move; Y>nt after your house
has been vacated the tire department will
visit you. The Bed Flag."
Point was given to the threat*, by a
,i,,, today at a MadUon street tenement
where the demands of th occupants for
lower rents bad been refused.
Applications for dispossess papers have
been so heavy that several of'the courts
today were forced to refuse to consider
any more until Thm-Mlny.
Many of. the strikers are delaying evlo
'tiou by keeping Ihe itoves In their apart
ments red hot. When the marshals ar
rive they are compelled ... wait until the
Btoves cool before they can put them In
the street with the other furniture.
URGES INCREASE
OF OIL CO.'S BOND
District Attorney in Chicago Files
Petition in Wtych Standard Is
Accused of Falsifying
in Its Plea
Uv Astun-Inted l*rcss.
CHICAGO Jan. 7, Instri.-t Attorney
s■, . s filed I» petition today In thl United
the Standard Oil company or n.llan.i has
assets amounting to more than *-'•»*■;
000. and- asking for an Increase In the
wuuersedeas bonds of that corporation
ißSuSlli appeal from the $29,240,000 fine
Imposed by District Judge l.nndis.
The government renewed Its original
plea that the bond of the oil company.
pending disposal of the appeal, should be
the name In anwunt as the fine..
--: It was Irlititially fixed at a total of *>,
-000.000, on statements by attorneys for the
defense that the property a. Whiting,
Indiana, would be worth but j2..«i.wki to
$3 000,000, If sold at auction. The other
holdings of the company were alleged to
be worn on the same basis, little more
than $3,000,000 to $4,000,000.
The government now charges that the
actual value of the company's property
subject to execution Is largely in excess
of $2,000,000, and the profits of the com
pany for the three N years embraced In the
indictments against It were $23,087,126, and
that the profits of the company tor 190b
the year In which the Indictments were
returned— were 110,516,082,
WOMAN WILLS BRAIN
TO SCIENTIFIC SOCIETY
Possessed of Remarkable Memory,
Girl Decides to Allow Examina
tion to Be Made After
Her Death
By Associated Press. . .
NEW YORK, Jan. 7.-Miss Louise Ran
dolph, a young woman who Is credited
with possessing an unusual memory nas
decided to will her brain to the Anthrop
ometrlc society that It may be studied by
scientists when under the operation of
the. Immutable law she will have no fur
• It is said that Miss Randolph is the first
woman to make; this disposal o£ her
""Shudder at the prospect? Of course
not," Miss -Randolph said last night, A
woman who credits me with possessing
an unusual memory first suggested that
my brain undoubtedly would reveal things
interesting to scientists. She is a friend
of Dr. E. A. Bpltaka, professor of general
anatomy in the Jefferson Medical college,
Philadelphia. She interested me in the
work, being done by the Anthropometric
society, of which Dr.' Spltzka is one of
the founders.
"The society has obtained the brains of
several prominent men, Including Walt
Whitman, but no woman has ever came
forward .with an offer of her brain. Sci
ence falls short of Its purpose if its re
searches are restricted | to the brains of
mere ; man. - There Is no telling what a
woman's brain will reveal, and I Intend
. to give ,my sex a chance. | As I under
stand it. membership In the society makes
it beholden on members to bequeath their
brains to the society."
Dr. Spltzka has acknowledged his ap
preciation of Miss Randolph's offer.
Testifies for Walsh
by Associated Press.
CHICAGO, Jan. 7.—Fred Blount. former
vice president of. tfce. Chicago National
bank, testifiea in the trtal of John it.
Walsh today, flatly contradicting state
ments made l>.v witnesses for the govern
ment. Mr. Blount, who formerly was a
director of the bank, testified that a dully
statement of loans and discounts was at
all times accessible.
Daughter Born to Duchess
By Associated Proa*. './■■_'. ,
iBKHLIN.'Jan." 7.—A daughter was born
'■ to; the ■ iiin-in ■■■: Tot Manchester, formerly
';Miss,; Helen s Klmroerinan , ofv Cincinnati,
on Sunday, at Killyore castle.'.;, ."■■'
LOS ANGELES HERALD
"WOMAN UNABLE TO
TELL TRUTH," ASSERTS
PROMINENT LAWYER
"When on Witness Stand an Oath
Means Nothing to Her," Law
Students Are
Warned
Fy Associated Press. ,
CHICAGO, Jan. 7.—"Remember, gentle
men of the bar. an oath means nothing to
a woman, and, as Horace has so truth
fully expressed It, 'when a woman starts
out to perjure herself all h cannot
keep her record.' "
With these words, and a few more like
them. Col. James Hamilton Lewis took
the breath away from 200 students of the
Northwestern University law school last
night.
"A woman always comes to testify as a
witness for one of two reasons," he said.
"Kither she comes through a sense of
affection or duty to those whom she loves,
or she comes to satisfy what she re
gards as a perfectly legitimate feeling of
resentment.
"If it is tho first of these, she will come
through fire and water to testify, and she
will see things as her friend views them.
Sincerely und earnestly she will testify
that things are as Hhe thinks they ought
to be, and you may cross-examine until
you have exhausted the vocabularly and
you will B pt nothing from her but her
1.1. is of what they ought to be.
"A woman has no idea of the sanctity
of an oath, and a woman will repeat
When on oath anything which she will
say when not on oath.
"If she comes as your witness, impelled
by a feeling of resentment, be careful not
to let her tell why sho came. Get your
main point out of her as expedltiously as
possible and let her go; do not branch off
into collateral matters, or she will tako
the first opportunity to vindicate herself
for appearing by telling the grudge she
has against the defendant."
Summary of the News
FORECAST
For Los Angeles and vicinity:
Cloudy Wednesday; light east
wind. Maximum temperature yes
terday, 71 degrees; minimum, 57
degrees.
I.OCAI.
Large crowds attracted by trial of pa
trolman's slayer throng courtroom. Case
may go to Jury today.
Mexican arrested for threatening '. to
s!;iy priest and burn church. Man had
lost in raffle.
Prisoner attempts to kill detective, and
when be falls tries to shoot self, Is pre
vented by officer whose life he sought. ;
Long Beach .officials hold first execu
tive session.
Petition asking that Le Sage Bros, be
declared bankrupt filed in the United
States court.
Six foreigners become citizens in one
day. :'.'!*'
Local men elected trustees of new col
lege nt Leland.
Former army officer declares Turks
are maligned.
Young woman crushed beneath wheels
of car at Santa Anita park.
EASTERN
F. Augustus Heinze, copper magnate,
Is arrested in New Yolk charged with
over-certifying checks to the amount at
$100,000.
All but three of tentative jurors in
Thaw case, are -swept away by the chal
lenges of the prosecution and the de
fense, i.v^v^ .
Landlords in New York who are oust
ing anti-rent Htrlkers are threatened
with tire.
Congressman, speaking in house of
representatives, makes bitter attack on
President Roosevelt, blaming him for
having caused the financial panic.
John D. Rockefeller refuses further
aid to work for the prevention of
tuberculosis among the poor of New
York, and the work Is suspended. ■
New currency bill which provides for
more elasticity in money is introduced
In the senate by Senator Aldrich.
Naval' bill Introduced in congress will
give civilians a chance In the manage
ment of the department.
Army may further reduce the emerg
ency rations.
Government attorneys in Chicago file
petition to have Standard Oil company's
bond Increased.
New York woman, who has remark
able memory, wills her brain to a
scientific society.
/ COAST : \
Monument erected to the memory of
the Bennlngton heroes is unveiled at
San Diego.
British vessel wrecked off Grays Har
bor, crew escapes and reaches Van
couver. , ( . i ' .
Goldfleld mine owners decide to raise
scale of wages paid to electricians and
carpenters.
Abe Ruef, former political boss of
San Francisco, will be sent to Jail cell
today. ' ...
Two men battle to death in a saloon
in San Francisco.
Ambassador Aokl sails from San
Francisco for Japan.
Mechanic In Oakland is struck down
by thugs and left dying on railroad
track.
Cruiser Chicago to leave San Diego
soon for the Atlantic.
State labor convention at Vallejo ad
vocates postal savings banks.
FOREIGTV
Prominent Italian newspaper ex
presses opinion that cruise of American
battleship fleet to the Pacific is a mis
take. .. ■ ■■ • '•• .■ ' .. .
Count Hayashl of Japan, in statement
to a Paris newspaper, asserts there is
no reason to believe a war between
Japan and the United States Is Im
minent." ..1,." ' !
Russian royal family .celebrates
Christmas.
J Former governor of German province
in Africa sues a European newspaper
for libel. ' • '-'•■ • ' ':. \ - '■■- :. /« .>: '-,:-' --.:■"■
Long ■■ overdue : Canadian '-•■ steamer
Mount Royal arrives safely at Queens
town. '-.!■ '■';•' .■'■'■'.' V- "'."'.■• ■'■'.'■'■/ ''.':■ :.
Vt Count Oknnin. In .whose remarks re
giirdliiK India and the British govern
ment *a";mistake was; made ;in < transla
tion,' arouses the Ire of the British,
WEDNESDAY MORNING, JANUARY 8, 1908.
CHALLENGERS
LEAVE BUT 3
THAW JURORS
NINE ARE SWEPT ASIDE 7Y
BY ATTORNEYS
TASK OF SECURING PANEL IS
ARDUOUS
After Three Sessions of Cqurt but
Little Progress Has Been Made.
Four Are Accepted
Tentatively
By Associates. Pre«».
NEW YORK, Jan. 7.—Three Jurors
sworn to serve on the trial panel for
Harry K. Thaw represented tonight the
net results of the two days and six ses
sions of the trial before Judge Dowllng
in the criminal branch of the supreme
court.
In addition to the trio who are oath
bound to well and truly try the case,
there wore in the Jury box at the close
of the night session four tentativo Jurors
subject still to peremptory challenge by
either side.
The task of filling the live vacant chairs
will be resumed tomorrow, when the last
installment of the 100 talesmen sum
moned on the orilgnal omnibus panel of
800 names, will report for examination.
In all, ninety-five proposed Jurore were
called ami questioned today, as Uffalnst
fifty-sewn yesterday.
Jury Box Filled
At the close of the afternoon session
the Jury box was filled and hopes ran
high that at least a majority of those
tentatively chosen would prove accept
able to both sides. With the beginning
of the evening sitting, of the court, how
ever, all such hopes were, dissipated.
When the suddenly descended storm of
peremptory challenges cleared away
there were but three survivors, and It
was agreed that they should be eworn
as the nucleus of the trial panel. They
are Charles Uremmels, a ship broker,
who Is to be foreman; Arthur R. Naeth-
Ing, a baker and caterer, and George W.
Cary, a drygoods dealer.
Following the administration of the
oath to these three men. It was agreed
that the Jury box should again be filled.
The four provisional Jurors are George
C. Ruppericht, salesman; Moses Gre.en
baum, insurance agent; John R. Maginn,
retired broker, and Thomas F. Cranston,
printer.
Forty talesmen were examined at the
evening session, which lasted until 10:50
p. m.
BANKER WALKER TO
BE GIVEN IMMUNITY
President of the Wrecked California
Safety Deposit and Trust Com.
pany Probably Will Not
Be Prosecuted
By Associated Press.
SAN FRANCISCO, Jan. 7.—David F.
Walker, ex-president of the insolvent
California Safe Deposit and Trust com
pany, was a witness before the grand
Jury when that body reconvened this
afternoon to resume its Investigation Into
the affairs of the wrecked bank.
Six indictments have so far been re
turned against officials and directors of
the trust company, one each against J.
Dalzell Brown, general manager, and W.
J. Bartnett, vice president, charging em
bezzlement of $205,000 worth of securities
belonging to the Colton estate; two Indict
ments against James Treadwell, director,
and one each against Brown and Bart
nett, charging embezzlement in connec
tion with the making of loans to them
selves.
All three are still in the county Jail,
unable to get bail.
It Is understood, although Assistant
District Attorney Cook Is silent on that
point, that Walker will be given Immun
ity by the prosecution and that no in
dictment will be returned against him, It
being considered that whatever his culpa
bility, it was negative and consisted prin
cipally of negligence In regard to the
conduct of the bank, which the investi
gation has shown was in the hands of
Brown and Bartnett. Walker having
taken little active part.
The former president's voluntary state
ment has helped, the prosecution con
siderably and the fact that he was not
called before the grand Jury by Cook is
regarded as indicative that he will not
be prosecuted. Assistant District At
torney Cook stated that the grand Jury
would not finish Its Investigation until
Friday and that no further Indictments
were expected until then.
Judge Coffey did not appoint a receiver
for the California Safe Deposit and Trust
company this morning as it was believed
that he would do.
When the matter of a receivership came
up at 11 o'clock Attorney General Webb
announced that the case would have to
be continued as James Salse, one of the
directors, was serving outside the county
and therefore had thirty days to answer.
The appointment was then put over until
January 21. All opposition to the receiver
ship plan was overcome this morning
when the suit In intervention which had
been filed on behalf of Charles Warren
was dismissed.
Russians Celebrate Christmas
''ST. PETERSBURG. Jan. 7.—The Rus
sian Christmas, which comes thirteen
days later than the day Bet for the ob
servance of the feast by the Gregorian
calendar, was celebrated today by the
members of the Imperial family in a sim
ple way. A Christmas tree for Alexis, the
little crown prince, and hlB sisters was
set up in the apartments of the empress.
Wireless Operator's Great Feat
By Associated Press. t ,
NAT EN. Prussia,' Jan. 7.—The wireless
telegraph station here succeeded in keep
inK in constant communication with the
Hteanmr Cilpe Blanco dnrlnc tho run from
Humburg'toTenerlffe, In the Canary is
lands,, a distance of 2110 miles. The
voyage lasted eight days V
Prisoner's Wife, One of Central Figures in Thaw Trial
ARRESTED FOR
THREATENING
PRIEST'S LIFE
LOSES IN-RAFFLE; SAYS HE
WILL BURN CHURCH
Mexican Becomes Enraged and Drops
Letter of Warning in Poor Box.
Is Held on Sus
picion
Joseph Benedettl, an Italian laborer, 20
years of age, was arrested last night and
booked at the city jail on suspicion.
It is alleged Benedetti threatened the
life of Father Alexander Buccl of the
Italian church at 760 New High street In.
a letter which he placed in the poor box.
According to the evidence In the pos
session of the police Father Buccl Christ
mas held a raffle tor a chair for the
benefit of the poor of the parish.
Benedetti held a ticket In the raffle and
was confident he would win. When some
other individual was the fortunate person
he took it much to heart and talked a
great deal among his companions about
the unfairness of the rattle.
Finally he wrote tho Utter threatening
to kill the priest and burn the church.
The matter was reported to the police
and Benedctti was arrested.
FILE CIVIL SUITS TO
RECOVER PUBLIC LANDS
Residents of Colorado Who Had Been
Indicted by Grand Jury for Frauds
Defendants in Another
Action
By Associated Press. ■' *^
DENVER, : Jan.- 7.Half a dozen
suits, naming more tt*»a three score
defendants for the-recovery, of thou
sands of acres of lanfi estimated to bo
worth several million dollars were be
gun today by • the government In the
federal court here.
All the men accused of timber, stone
or coal land frauds In the Indictments
recently quashed by Judge R. E. Lewis
are among the. defendants In. these
suits. Should the ' government win lln
the present proceedings-the .lands In
volved will again bo placed In the pub
lic | domain and thrown open to new
filings. «£
Hotel Guests Lose Valuables
Uy Aceoclated Pres>. X '; i> ,:'....,■
',; 1 jKE, h Mass., Jan. 7.—The Greenock tan
was burned Jto ; the.' ground • today ' and
thlrty-nve' guests; lost.' m-urly ," nil of, their
personal effects."* Loss, $85,009. "'-Mfljflßfji
MRS. EVELYN NESBIT THAW
ROCKEFELLER REFUSES
AID; GREAT CHARITY
WORK IS SUSPENDED
Committee Having in Charge Preven.
tlon of Tuberculosis Among Poor
of New York Has No
Fund 6
3y Associated Preen.
NEW YORK. Jan. 7.—The work of
the charity organization's committee
for the prevention of tuberculosis will
be suspended for the failure of John
D. Rockefeller to renew his subscrip
tion for carrying on the work of the
society.
The society received a number of
subscriptions from others besides Mr.
Rockefeller last year, but they were
all made for the reason that he headed
the list, and when he did not respond
to the appeal for further aid this year
It was decided to give up the work.
The work of the committee was
largely among the poor on the east
side.
Railroad President Aids Poor
By Associate'! PreM.
CHICAGO. Jan. 7.—Marvin Highitt. pres
ident of the Chicago & Northwestern rail
road, yesterday donated to the homeless
unemployed of the city the use of a four
story building at 59-61 Canal street, ad
mirably adapted for lodging house pur
poses. It will be operated In conjuction
with the municipal lodging house.
WOMAN 100 YEARS OLD
HAS NEVER SEEN TROLLEY
Great.Great-Great.Grandmother Soon
to Pass Century Mark —Has
Never Talked Over
Telephone
By Associated Press.
NEW YORK, Jan. T.-Uvtaf In a se
cluded locality la the uplands of Morris
county Now Jersey, from which she has
never In her long life Journey gone far
enough to see a trolley car, Mrs. Nancy
Van Winkle, great-grandmother of Mrs.
Edgar Romer of Minnesota, the latter
likewise a great-grandmother, will next
Sunday celebrate her one hundredth birth
day anniversary.
Mrs. Van Winkle has never been out
side the Morris county hill region, has
never talked through a telephone or heard
the chug-chugglng of an automobile.
Sailor Takes His Own Life
By Associated Pre» , ■ :■
SAN DIEUO, Jan. Harry, Lipp. .. a
sailor on the steamer Santa Rosa, com
mitted suicide by leaping Into the ocean
from the vessel when it was nearlng this
port this afternoon, i was a new man
on the Santa ' Rosa. He shipped at. San
Francisco," and had been drinking heavily
;on the voyage down the coast. - -.. ■ •
VIV f' i iV t'< \iH IVW • HAILY. SC( SUNDAY. So
HE BLAMES
ROOSEVELT
FOR PANIC
CONGRESSMAN ATTACKS THE
PRESIDENT
Representative Willett Bitterly Ar.
raigns Chief Executive, and
Denounces Him and
His Big Stick
By Associated Press.
WASHINGTON, Jan. The resolution
referring the president's | message to the
several committees, furnished the oc
casion in the house of representatives to
day for a number of addresses, mostly by
members of the Democratic .side.
■ These covered a. variety of subjects,
but those that attracted especial atten
tion were by Representative Sheppard of
Texas and W'llett of New York. The
former not only made a plea for the
restoration of the legend "In God We
Trust" on American coins, but also dis
cussed -.he cruise of the American battle
ship fleet and referred to a possible con
flict with Japan.
Mr. Wllleit placed all the blame for the
recent financial panic on President Koose
velt, whom he denounced In severe terms.
He charged the president with not being
a sensible man and with having turned
on the gas and not the light, and with
going up and down the country condemn
ing and striking with the big stick the
heads of great Industrial Interests.
The preside:.t has gone forth day after
day to the people, and the people of the
world, and deo.ared ,»6 them that the men
who hold the reins of our great industrial
institutions are dishonest and are not
worthy of our confidence.
"We do not want our chief executive
going up and down this country condemn
ing and striking with the big stick" every
thing that sticks its head up."
What was wanted, he said, was a man
to perform his duties with dignity and
power and with the Influence of all sane
men behind him.
"It has been said our president la sin
cere," he continued. "He may be so, but
we want good sense in the president along
with his sincerity."
He declared that the president was not
a senslble'man and concluded: "It is be
cause of what I charge him with, with all
the powers of my mind and body, as my
profound conviction, and because of his
lack or sense and lack of due appreciation
of the true condition of our nation, that
we have this panic ay."
Republican. policies were attacked by
Mr. Hardwlck of Georgia, who predicted
the only safety for the party lay in the
nomination ;of Secretary I Tuft * for the
presidency.^'" The . national i banking laws
were „ discussed by Mr. Morris;'. of Ne
braska, 4 who ; urged :as; a' protection & t.i
depositors' the": taxing \of {' bank !.'deposits
with too view rt securing a fund for that
purpose > .'
CEIVTS
FINANCIER'S
SHORTAGE
IS $400,000
INDICTED BY FEDERAL GRAND
JURY IN NEW YORK
IS RELEASED ON BONDS IN THE
SUM OF $50,000
Pleads Not Guilty to the Charge— Hi»
Attorney Denies Any Wrong
doing on the Part of
Hit Client
■■-;•
By Afiioclated Prfg«.
NEW YORK, Jan. 7.—lndicted by. the
federal grand jury for overccrtlflcJition
of checks representing iii th-aggre
gate over $400,000. drawn by the firm of.
Otto Hcinze & Co., on the' Mercantile
National bank. F. Augustus Heinse.'the
copper magnate and former president?
of the Mercantile National uank;"Scilr*j!
rendered himself to I'nlted fstfttcs ConY;
mlssloner Shields today and later iv;i*
released on $50,000 bond.
Firing, will I" formally arraignedit>f
plead to the Indictment before- JildK '
ChntflHd iii the federal circuit* court ?;
tomorrow.
Edward T.nuterbach, i ' counsel £5 fur
Heinze. ,stated tonight that his cli«sn
did not wilfully overiertlfy the check'l.'
as he had drawn a check to the credit
of Otto Heinze & Co. to , the amount
of. S'iOO.ooo,/ which the bookkeeper ;«'
the bank possibly failed to enter on:th#
books until a day after the certlfl t
or the chocks In question. .' . :
The indictment by the federal srrari 1
jury, which has been Investigating tli*
Mercantile- and other bunks Mertlflel
with the FTi'i'i74 and Charles W. Mor h
interests, Is the aftermath of the col
lapse of tin "Heinze pool In' ("tilted Oii'
per and which brought about the'suV.
pension of Orosfi & Kleeberir.- «t";'t
brokers, and resulted in the rcKiarnatloi .
of F. A. Heinle from the pivsideney "f
tin' ' 'en lie bank, and the retire-;
nient of the directors of that ln»tltu
tion after an examination of , the bnnll p
had been made by the clearing : hoinw
He declared at the time thnl ho hmJ : :
been betrayed by his friends in;the|
United Copper pool. .
Gives Himself Up ;
Heinzc had been Informed * qillftW
that Indictments chat-Kins him with ,th» v
overcertlflciitlon or fifteen ; *checks. ,all?
drawn oil October 14,"' just \ before 'til*
snwiah in I'nited Copper, iiail he»n
found by the federal grand jury on E»t-jd]
cember 2 and ; that - his ' appearance
would be required today. ■
Without awaiting: the service*kof a
bench warrant Jlelnze. in ■ .miaiv
with his counsel, aoneared before Co'
missloner (Shields this afternoon. 1 : Th«
proceeding were short. Heinle pleadc.r*
not enili ■ ml hail was furnished' im-,,
mediate) .'> a surety company. ..""'"I
these roeeedliTjs were concluded
Heinze/. told the newspaper men that i\-'.
did not care-to rank-* any statement
and hurried away with his counsel. .
After the examination of the Indict
ment, which contained tlrrtv counts*
Counsel Edward Lauterbach . tonight • .
made the following statement:
"The indictment is based upon certtiica-. '
lion of fifteen checks amounting to some-,;
thing over $400.W>, drawn by Otto llem/.e
& Co.. on the 14th day of October last.; ;
"Before the certification was , made: V,
Augustus Heinze obtained the discount
of a note of ItOO.MW. secured by abundant
stock exchange collateral, worth,at the
market rates of that ; day more than
1800,000. and drew his check for $500,000 to
the credit of Otto Helnie Si Co.. tin
amount of which should have been passed
to their credit, as 1 think II was. There
certainly was m wilful intent within the
statute to over-cerflfy any check, i not
even to the extent that over-certlticatio.i
Is practiced every day In Wall street by,
all the banks as a matter .of business
necessity.
Explains the Charge
"On the contrary, as I have stated.'
there was far more than the amount o" '
the checks standing to the credit:of,thai
account of the drawers of the checks i
when Hi. > were certified. I believe that
if the grand jury could have understood j~
the situation correctly no Indictment
would have been found." /
The indictment specifically charges that,
Heinze. while president of the Mercantile
National bank, over-certified ': fifteen *
checks; that is. that he guaranteed by the',
bank's signature that the sums indicated.
In the checks were held by the Institution !*
to the credit of the drawers; To over- f
certify bank paper is, under the federal v
statute, an offense punishable by iinpris
onment of not less than five years, and \.
not more than ten years. » ' . •;
One count is devoted to each or the
checks involved. It Is alleged that Jlefnzo .
knew that Otto Heinze & Co. did not ha.v» I
to its credit the sums named. The six- ;
teenth count in the Indictment charges
that Heinze Intentionally applied r the ■:*
funds of the banks and without : tha.i
knowledge of the directorate to the pay
ment* of the fifteen checks drawn by Otto ;.;
Heinze & Co., and knowing that the com-7;
pany did not have on deposit a sum equal;!
to the amount named in the certified^
checks. ■ ■ *'-;>CS!.«SH
For such an offense the federal statutes T>
provide a penalty of not less; than five
years' imprisonment, or a fine, or not
more than $5000, or both. J„'
Trouble* of Heinze
The' troubles of F. Augustus Heinza : =
began with the bull campaign started by
Otto Helnsse & Co., ani" associates in th.
stock of the United ' Copper .: company,
which Mr. Heinze had organized and de
veloped after his 1 long • fight s' with X th» m
Amalgamated Copper ' company. s The
.stock was selling for about 60 ' when a |J
mysterious selling movement wm ■' de- >
tected. ■:-. ■■■ ■ '■■ , - '■■/-:-■'"■■■'>.
Believing It to be an effort to raid ■ the &
stock by short.' selling. 1 Otto! Heinze .*&£>
Co. gave unlimited buying drders to
various brokers, believing that when tho
time came the | bear i operators 'would ]be
unable to' cover \ their * contracts : except
at such prloes as: Heinze dictated. (Ssrfjji
v Heavy t selling 1 of, United ' Copper : con
tinued, , and ) then, to ' purchase t the' stock ",-•
offered, 1 Otto | Heine- >& \ Co. were I forced y
to j draw t checks • for s large \ amount* I to J.<
Various brokers, 1: When the souce of the
selling: was ascertained: toe * Helnxes ' da- ;
olared. that " they J had t been • betrayed ■by
(Continue* a* »■«« tw»)