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nacnirM.... - ♦ |Yceorea[10botord■oidboboitk,5notf*dlyillS-ihn18C-•10\ytoInofloPresident and Agent of Sun Electric Generator Company Arrested.New York. Aug. 9lt;—-Postofflce Inspector* today arrested George H. Cove, president of the Bun Electric Generator Company, and Elmer Ellsworth Burlingame. selling agept for the company, who are charged with having used the made to defraud. Both reside In this city. ,Postofflce Inspector Birdseye chargee that the stock of the electric generator company . Is practically worthless, and that frauds amounting to 11,000,000, at a conservative estimate, have been perpetrated by the men under arrest.Cove' is the - inventor ■ of a device which la supposed to generate electric* Ity from the rays or the sun, while Burlingame Is the maater spirit of a group ot wireless telephone companies which arc capitalized at 110,000,000..The Bun Electric Generator Company is an Arizona corporation and Is.capitalized at 15.000,000. The. specific complaint against Cove and Burlingame charges that In February, 1910. theli. company, sold stock at a par value of 110 to A- D. Teasfey. of Concordia. Kao. The postofflce Inspectors say that other complaints will follow.
Newspaper Details
Atlanta Georgian and News
Atlanta, Georgia, US
Wed, Aug 09, 1911
Page 25
Full Page
Clipped by
Anonymous
CA 18 Nov 2019
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