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Newark Home Telephone scheme exposed as fraudulent stock sale
Stockholders in Newark New Jersey exposed a fraudulent Home Telephone Company plan promising thousands of subscribers and a paid mortgage, while actual service was minimal. Promoters used trusted names to sell shares at high prices, creating a mortgage and delaying sinking fund payments. most subscribers paid small sums, and the company showed little income or prospects.
MENTIONED IN THIS ARTICLE
Divilia, mm
Wheeling
Olive Ewing
Haskins Hospital
Walter Evins
Capt
C. A. Baker
Parkersburg
Orlando Stevenson
Cincinnati
Chicgo
Mathews
Fifth Street
Donfey Hias
and Wood Bros. Company
Frank Cotton
J. Cottom
Court House
Canton
Hunter
Little Grave Creek
Rogerson
J. R. Underdimk
Jefferson County
Lailes’ Sewing Society
M. K. Church
Tenth Street
Father O'Kane
Sisternville
Blaire
Pleasant Valley
J. M. Booth
California
Hawk
State Prison
Tenwood and McMechen Water Supply Company
J. L. McMechen
Lewis’ Aueusta M. Porter
Rosby
Leo Anshatz
Sistersville
Ruth
Reid
New Jersey
Ewark Daily
MT. Barrett
Newark
Newark ‘Telephone Company
Garrett
Lion
Newark Telephont Company
George i
Cit Home Telephone Company
Ttt Jove
Amd
Pebutona
Amviderie
Pome ‘Télephone Company
Washington
Baltimore
Cleveland
St. Louis
Pittsburg
New York Telegraph and Telephone Construction Company
Nasaun Street
Newark Telephone and Home Telephone Company
Ute
Leaguer
Possnene
Eoirid Ie
City of Newark
Capital Star
Kore Tamnphone Company
Raleimorn
Amit
Stork
Nye
Barnes