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HilCKINS PAIR MISSING; POLICE HOLD WARRANTS♦»Arrests Are Sought on Charges of False PretenseCED.AiR R-APlDS, Dec. 28.—IK.KI —Having lost track of George Huekins and his father, Elmer Huekins, who disappeared from Excelsior Springs, Mo., and Hancock, AVis.. respectively, officers today speculated on the rumor they were en route* to Cedar -Rapids to surrender .on warrants issued. late Tuesday,:-/They are charged: with obtaining money under 'false pretenses. The men offered returns ranging from 26 to 52 per cent on money, invested with them.The ‘warrants were based on information supplied by ' William . Spaas, manager of the Cedar Rapids Baseball club. It was alleged the. pair, obtained more than $3.-000,000 from investors.Assets Only $1,000Both men disappeared last week when their financial bubble collapsed. So far only $1,000 of their assets has been recovered.Speas charged in his complaint he had ‘been persuaded to invest” $0,000 - with the Huekins concern.| in the belief his exhorbitant: interest rates were .coming from the profits , of a wholesale cigar business.It was on ;Sept. 24 that Speas , contributed to the Huekins .fir.an-i.cial .scheme,*''his ; complaint' said,1 and he never, has been repaid.: Bond was set at $10,000 by. Judge ; H.' C. /Rings in the event 'the ! father and son financiers are'cap-j tured.I In. V seeoimd complaint made • here Tuesday- -the elder Huekins I was 'named alone. by- Elwood Royster and his wife who .said they put $2,100. into'the mysterious enterprise which';••thsyirh#Ue«ed--was_ the cigar • business. ■ Bond', in this | case was 'aet ;at $7,090: j Meanwhile'. from ' Excelsior | Springs 'came word -that George i Huekins ■ checked ' out of a hotel i; there ■ Tuesday. hridn sl few- hours . ahead of authorities seeking to.arrest him.' At the Huekins,. es-; late in Hancock.' Wis.. it vhs said . the older .man was attending a 1 business conference. •! • M’hile officers-sought, trace, of Hue kin's and his father,- -plaintiffs in civil suits filed Tuesday- looked about for property of George Huekins that might be attached.Suits for $72;200Three suits were- filed Tuesday in which a total of -§73,200 was sought The. suits revealed Huekins' friends and business'acquaintances entrusted their furids to his business acumen. .The largest suit was filed by. Charles ‘Negus. Huekins' ' partner in a cigar store business.. Hb-asks judgment for $42.450.. AVil? • liam ‘Speas, assistant manager - ot ■ the Cedar Rapius bait club, owned by Huekins. sought return* of $18,750, and Fred Loizer. part owner of ther'DubuQue, club asked judgment for §9,000 iti his suit.Dou Drake. Huekins' chauffeur,' said he had Ipiaced .48,000 with his employer and was undecided about siting.Walter J.-'-Barngrover, attorney for the Huckiuses; said coday be was certain his clients uvere not trying to evade arrest, but said he would advise them to remain out of fowa until Dec. 28, the last day for service in civil courts for the January term ot court.He suggested 'George Huekins and his father might be planning to meet someplace outside the state, for conference and to arrange bail before surrendering in Cedar 'Rapids.Bankrupt in 1923 Meantime Cednr Rapids residents recalled the fact Elmer Huekins went into voluntarybankruptcy here in 1923. a ml were amazed that he could have aecurtiitlaied enough money in the intervening years to own a $10Q -000 home in Wisconsin. He was discharged as a bankrupt in 192i.When he tiled 1:H_ m-'Hon, fed* eral court records show. Eluckbv, stated he was without tissues. He declared he did not even have th-necessary $30 filing fee.Some of his creditors at that lime, a survey this week showed, have never been paid by Huekins.Inquirv also revealed that. Harkins. before be took bankruptcy, interested people here and ;u this vicinity in the “Atlas Wheel com-imnv-'' of Cleveland, Many invested.Elwood Royster, who was the first to file suit against the Huok inses in the present case, also was an investor in the At bn wheel proposition. He said hlt;' put $1,000 into the venture and get no returns. Then, he said. Hn.-k-ins later oamo to him with the proposal that lie invest with him utain u the present venture as1 moans of getting back what, ho ic.d lost. Ilfs suit, against Iluek* us is for $-1.1 SO.
Newspaper Details
Ames Daily Tribune and Evening Times
Ames, Iowa, US
Wed, Dec 18, 1929
Page 5
Full Page
Clipped by
Sarah R.
IA, USA 18 Sep 2017
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