Reed Owl CDS Charged With Fraud
Stockholders press for damages as Reed Owl CDS faces fraud charges. Investors seek payment and restitution amid legal actions and corporate scrutiny.
26 May 1917
Page 1
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Newspaper
Cheyenne State Leader
Location
Cheyenne, Wyoming, United States of America
Date
May 26, 1917
Page
1
Stockholders press for damages as Reed Owl CDS faces fraud charges. Investors seek payment and restitution amid legal actions and corporate scrutiny.
Special to The State Leader from Phoenix May 26 notes William Fitzhugh and wife petitioning for a receiver for Midwest Oil company amid alleged fraud and overcharges. The case ties to Wyo royalty disputes and a proposed consolidation of Reed group companies. Cheyenne observers call it a stockholders clash with potential wider implications.
Treasury officials report Japan has been withdrawing gold from the United States at an annual rate of 150 to 200 million dollars. In the last three to four weeks, exports to Japan have continued as part of a broad international financing program.
A State Leader campaign notice urges immediate action in a two week window to maximize votes. It describes a $4000 automobile campaign incentive and an exit vote offer triggered when a volunteer’s cash reaches 25 dollars, promising special ballots and regular votes as funds are received.
Legendary broncho bust er Hugh Strickland plans to enlist in the U S cavalry for service in France, as per a letter to Frontier secretary T Joe Cahill. Several veteran riders say they will follow, with Strickland noting he may skip the 2018 Frontier show but will attend if possible.
Washington May 25 Herbert Hoover estimated the cost to rehabilitate northern France at about 1.6 billion dollars and noted the growing number of French orphans. He said France sacrifices men for liberty and protection and urged American generosity to aid France and Belgium. General Pershing, leading the first expeditionary forces, is mentioned in connection with the war effort.
A Navy report from London confirms German spies reached the fatherland with intelligence on American destroyer movements. four days before the flotilla entered Queenstown, mines were laid at the harbor entrance. Admiral Sims relayed the warning, stressing secrecy on naval operations.
Colonel Goethals told an iron and steel institute dinner in New York that the 1000 wooden ships in 18 months proposal is hopeless and urged switching to steel as well as wood.
First American combatant corps departs for the Aisne battlefield under Capt. E. S. Tinkham and Lt. Scully of Princeton. Detachments from Cornell, Andover, Dartmouth, Harvard, Yale, Chicago, and others drill as American forces join the French front.
Kansas City May 25 Secretary McAdoo urged bankers and merchants to subscribe to a loan while noting submarines had crossed the Atlantic without report in news dispatches. He spoke of new inventions that would destroy American isolation and cited unexplained remarks not referred to in public acts.
A Wichita dispatch reports at least fifteen killed and fifty injured when a tornado hit Andale, Kansas, with severe property damage and six critical injuries. A relief train of nurses and doctors aided the town. In Newton area, another tornado killed three and injured several, narrowly missing Selwick.
Cripple Creek Colorado May 25 four men Benjamin Puller Ora Chane of Victor Rudy Weisgarber of Cripple Creek and William High of Goldfield were arrested on warrants issued by Justice Cordova in connection with the high grading seizure of fifteen or more tons of high grade ore Sheriff Wayland led the arrests with Under sheriff Rev Windsor and U S Marshal Samuel Burris involvement The men are held in the county jail awaiting federal action and are believed among those indicted by a Cheyenne grand jury. In Petrograd May 25 Minister Kerensky spoke at Helsingoffs warning of danger to Armenia and possibly part of the Caucasus as he prepared to tour the front.
Senate finance committee weighs large cuts to House revenue plan aiming between one and a half to two and a half billion dollars. Debate covers automobile taxes and a new tax system while keeping income tax provisions and retroactive elements.
Rain across Wyoming boosts already sprouted crops but delays field work and risks seed rot. Agricultural agent warns wet groundmay hinder planting for days and increases worm damage to gardens. Weather officials report widespread rainfall statewide with very heavy spots from Cheyenne to Thoughot.
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