Auditor Smashes Ponzi Bubble in Farce of Frauds
Auditor exposes Fifids Ponzi scheme with at least 7 million owed, assets under 4 million mostly tied up. The operator took 15 million in eight months and has no big secret. He did not fix postal orders. Held on 25 thousand bail in federal court and 10 thousand bail in state court. Hanover Trust Company wrecked. arrests anticipated.
MENTIONED IN THIS ARTICLE
Europe
Peter
Paul
Peters
Ponzi
Pauls
Hanover Trust Company
Suffolk County
Cox Urges End to War in Political Address
Governor Cox urged preventing war by reason not force during his August 12 speech at Camp Perry Ohio opening the Democratic presidential nominee's national speaking tour.
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Camp Perry
Cox
Governor Coolidge Says State Had 125000 In Hanover Trust
Governor Coolidge announced that State Treasurer Fred J. Burrell admitted deposits in Hanover Trust Company totaled 125000. Burrell had refused to disclose the amount for nearly 48 hours before voluntarily making the admission and turning himself into police headquarters in Pemberton Square.
Ponzi Scheme Crashes Bank Linked to Hanover Trust
State officials note the Ponzi collapse affects Hanover Trust with insolvency fears. Ponzi took in about 15 million dollars in eight months and admits liabilities of seven million while only four million is available. Bank officers face unknown outcomes as seizures and arrests loom, with bail set for Ponzi and ongoing efforts to recover profits.
Baseball scores from national and american leagues
Continued results show Cincinnati defeating Boston 6 to 5 in 11 innings. New York beat Chicago 8 to 0 as Brooklyn topped Philadelphia 6 to 4 and St Louis over Philadelphia 6 to 1. American League games included Philadelphia defeating Detroit 3 to 1 and New York beating Cleveland 5 to 1 while Chicago triumphed over Washington 7 to 2. Eastern League standings follow.
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Body of Boston Woman Recovered After Search
The body of Miss Alice Wing of Boston was found a few miles from shore near Southampton New York as coast guards and others continued to search for her 12 year old nephew William Russell who vanished after a boat ride yesterday.
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Southampton
N. Y
Alice Wing
Boston
William Russell
Physicians and Druggists Fined Under Drug Law
In Baltimore on August 12 six physicians and three druggists pleaded guilty to Harrison drug act violations. Judge Rose imposed fines totaling 23,450 dollars plus court costs, with individual penalties ranging from 300 to 6,000 dollars.
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Baltimore
United States
Rose
Governor urged to release information in Burrell case
Early yesterday the Governor was asked to use influence to publicize the amount. He said no reason to keep it secret and added that if Burrell did not volunteer the data he would request the executive action to obtain it.
MENTIONED IN THIS ARTICLE
Burrell
McGraw Ordered to Tell on Blavin Injury Fight
A subpoena was issued for John J. McGraw to appear before the district attorney to disclose what he knows about the Sunday morning scuffle after musical actor John C. Blavin's injury. The order followed McGraw's failure to appear and the taxi driver's testimony about bringing McGraw and friends from the Lambs' Club.
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John J. McGraw
New York Giants
John C. Blavin
McGraw
Swann
Lambs’ Club
Slavin
Seizure of 220 Cases of Whiskey in North Smithfield
Federal officers seized a truck with 220 cases of alleged bottled in bond whiskey on Mrs. M. F. Kelly premises in North Smithfield. Goods were consigned to Moses Rand of Pawtucket with a government permit to sell liquor to druggists for medicine. Whiskey from Silas Rosenfeld Distilling Co. of New York, 100 proof, value about $26,000.
MENTIONED IN THIS ARTICLE
Providence
Silas Rosenfeld Distilling Company of
New York
The Old Farmer's Prediction Forecasts Cloudy Showers
The author predicts another cloudy unsettled day and night with showers and possible thunder. Expect cooler temperatures and lingering unsettled conditions.
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Doston
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