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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Oct 14, 1910
Page
2
The circulars tout a fusion of bank safety and high gains from wheat timber mines and ranches in Saskatchewan British Columbia and Jalisco. Prominent backers include Ballinger Dawes Conrad and Warren Plass, with a $250 000 guarantee fund and redeemable Class B stock offering backed by a National Shawmut Bank trust.
Mrs. Plass of Newton reports Norman Plass was in Chicago yesterday on a trip to Vancouver to settle timber land disputes. She says he left Boston last week for Vancouver and expects news upon arrival. A letter dated Chicago arrived today, and Mrs. Plass notes he should reach Vancouver within a few days.
The Rev. Clarence A. Vincent of Roxbury testified last night he had no knowledge of the Redeemable Investment Company and never signed a recommendation letter or invested. He said he met Norman Plass several times, helped him start a lumber venture, and exchanged his lumber stock for Redeemable shares, but he never bought stock in the investment company. He noted circulars bore his name without permission and that he has advised people to invest only where he can supervise the money. He added he does not believe the men acted with malicious intent, but they may have overreached beyond their means.
Federal officers raided the New York Fifth Avenue Duveen establishment and arrested Benjamin J. Duveen on conspiracy charges to defraud customs. Henry J. Duveen was detained on the Lusitania near quarantine. Bail set at 50000 with the firm’s assets and global outlets noted.
Chronology of fires across Boston area with multiple incidents. Notable entries include Richard S Tank at 12:05 p m on Chicore street Jamaica Plain with loss 200 and Mortimer E Downey at 3:11 p m on Dorchester avenue South Boston with loss 25. Essex street Charlestown entry shows Cornille Thompson with loss 850. East Boston Sumner street reports no loss. Weat Springfield street involves Charles L Mahogany with loss 3100. Harvard street Dorchester rubbish fire listed with 5:26 p m.
A federal grand jury indicted Bogos Mucksian, an Armenian of Lowell, for first degree murder over a Sept. 23 shooting in the Lowell post office yard that killed Mohammed Ahmed, a Turk from the same city.
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