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This newspaper page contains 10 articles. Subscribers can read the full text of each article.
Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Dec 05, 1914
Page
4
The article details alleged long running thefts at a loan company involving pledges of jewelry and diamonds. It notes a messenger boy, concealment of identities, and schemes to repledge items while questioning why auditors missed the fraud for years. Directors defend their duty and call for future auditing changes.
Acting District Attorney Lavelle questioned seven hours of witnesses at the Collateral Loan Company investigation in Boston. He said employees had dealings with jewelers and pawn brokers, and that thefts used letters a messenger and a confederate. Grand jury to hear from nine employees and William Cobb, former company president, regarding Nevada Douglas mining stock loans and a $28 000 plus jewelry theft.
John F. Moors, state director, says former Collateral Loan Company president William Cobb first raised a $28,000 theft suspicion in September, prompting an internal probe that led to Cobb’s arrest for allegedly stealing $86,000. The investigation reportedly included private detectives Cobb hired and directed.
An advertisement touts Musterole a clean white ointment made from mustard oil. It claims quick relief from sore throat bronchitis croup stiff neck asthma neuralgia congestion pleurisy rheumatism lumbago back and joint pains sprains sore muscles bruises chilblains frost feet and chest colds and says it can prevent pneumonia. Sold by druggists in 2 oz and 8 oz jars with a hospital size at 2.50. requires authentic Musterole product from The Musterole Company Cleveland Ohio.
A. J. Orem of Sharon former Prohibition party state chairman defends mining stock transactions with the Collateral Loan Company. He says stocks were pledged as security and handled like standard banking deals while personal stock was pledged at market value.
The Boston Post Santa Claus notes a surge in requests for aid as numbers of needy families rise across Greater Boston. Investigators describe sickness, unemployment, and hunger, with cases from Roxbury and Charlestown highlighting children missing shoes, food, and clothing. Donations and toy shipments continue, including 250 boxes of candy from George Close Company, as the drive seeks to deliver toys to every child in need.
William Cobb former president of the Collateral Loan Company is arraigned in police court on larceny charges totaling 86 000 dollars. Judge Dowd set bail at 26 000 dollars, custody at Charles Street Jail, and the case is continued to December 16 amid a large courtroom crowd.
Colonel Alexander, a prominent Rhode Island businessman and director of multiple companies, was arrested at his Dyer street offices at 5 00 by U S Marshal John J Richards on a writ from Chicago investigator John P Cooney. Bail set at 7500. he returned home for supper after arrest. He serves on boards including Union Trust American Screw Steel Company of Canada Nickerson Power and holds many club memberships. He resides at 129 Benfit street with two daughters and wife. summer homes at Rumstick Point and Williamstown. His ties to Miss Cope are noted amid public interest. His Civil War service included the Fourteenth Artillery and later Rhode Island Light Infantry.
A free booklet titled Free Club Recipes offers famous mixed drink recipes. The publisher lists Wilson at 319 Fifth Ave New York and invites readers to request the booklet.
Dr. Edwards Olive Tablets provide a calomel free laxative option for chronic constipation and torpid liver. The sugar coated olive colored tablets are said to act without griping and are taken at bedtime for regular bowels and improved health. Priced at 10 cents per box and available at all druggists.
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