The evening world. Newspaper, August 10, 1920, Page 11

“ « PONT IS BOASTFL OF HW HE FOOLED STATE AUTHORS (Continued From First Page.) and part of the $1,500,000 Is assigned to gover his shortage. | (Por the last tw oduys the Hanover ‘Trust has pald out $300,000 a day on Ponzi checks. “Hot air, all hot air, I gave him hot atr and I shall give him more of it if he wishes; I shall ball him up more and more.” ‘Thus spake Charles Ponzt as he sat in a weak- legged ‘chair—the on one in ‘the vacated office of the H. and E. Con- struction Company+ on the tenth floor of the Hanover Trust Building, at No, 268 Washington Strect— when commenting on . the alleged facts ho had give to Attorerly Gen- eral Allen of Massachusétts. Concern- , ing his transactions in foreign ex- whange Joseph C, Allen, Bank Com- missioner of Massachusetts had just ordered payments on all Ponzi) checks stopped, and newsboys below were yelling: “Ponzi fails!" “Ponzi dails!” “Ponzi bankrupt!” “After what I lave told Mr. Allen, | he stops my ‘business and all the poor people who have given me their | money cannot get it back because | he ties y money not only here, but in N8w Hampshire, New Jersey, everywhere,” continued the financial wizard. “My genius It ls not appreciated. You gentlemen all know whatever else I am, I am not a damn fool. I give them bull—much byl. And I way if I could not meet my labilities I would have what you cay in Eng- Nish flew de coop two weeks ago.” “Yes,” said a reporter, “you wanted to ‘flew de coop,’ but you couldn't get your passports.” “What!" gasped the little Italian ‘waiter - dishwasher - banker - financial wizard as his Jaw dropped. He started. “Yes, yes. Oh, yes, I wanted to go Ia Bella Italia to see my old mother, near Parma, now that I was rich, but the business was so good—oh, so many hundreds of thousands of lira. They come every day easy, easy—like-a dat. You know I could not go. Now the Government it spoil the trip, and I have my old mamma come to me. Jt 18 80 nice to have her. “The public officials they are not ethical at all. They try to find out all about me. It is not fuir.” “Was it ethical to ‘bull’ the Attor- ney General?” “Ah, signor, that 1g another ques- tion, This is a free country. He try to ball me up and I ball him up. Is it not fair? I shail do it again. Yes, I give him ‘bul’—plenty of it. And I give bull any time it sults me when they try to ball me up. “But I am solvent, continued’ after a slight pause in which he blew the cigarette butt from the holder and slowly snuffed it out ander the toe of an immaculate buck- skin Oxford. He reached to the floor for a cold bottle of ginger ale, but as he did so a deferential hanger-on gently took it from his hand, opened Mt for him and handed the drink in @ He was the picture of a vaudeville actor sitting in the wings between acts On his right ring-finger flashed @ gwudy diamond. His ehirt pro- claimed itself silk and the Palm Beach suit was not smart but natty. INSISTS HIS ASSETS EXCEEDS HIS LIABILITIES. “My obligations are $500,000 and my \mssets are much more,” he continued. ‘Right here in this bank (he pointed downward with his fore finger to the Hanover Trust Company on the first floor) I have $1,500,000 in cagh, but ‘they will not let me touch It. I have now on my person in this little bag nother $1,600,000 in securities.” “Then why don't you pay your claims with that?” was asked. “Ah, signor, that is my secret. I have my feasons. Charlie Ponzi is no damn fool, what?” “That you are not,” a reporter an- swered. “You bet. Nobody knows Charile Penzi's business better than himseif. Don't you fool yourself about that, signor, You treat me nice—I treat you nice. When I open my business again you put all your money with me. And I make It grow, grow, grow miliona That is Charlie Ponzi—mo and the newspaper boys are for the people. We are not the autopracy. “Phe autocracy stop my business becau ¢ I earn big money for the people, and they cannot. Is it not 80? ‘Tnsy are what you call Jealous of Ponzi. Some day the people will rise.” Here one could not help thinking of the carly days of his notoriety itiemen,” he when ‘he passed along Washington and ‘Tremont Streets and threw] kisses to the yelping mobs that fol- lowed and lined the sidewalks to have a glimpse of the new wizard, “And now what will Signor Ponzi nee the autocracy has put its home at Lexington. I have many Pleasant things there. These news- | paper men come to see me and make foat down on him?" ventured dne newspaper man. “I am sick of the whole business, and 1 eure the pwbiic is (laugh ter). The quicker It is all closed the better, I have been taking lessons in airplane flying, which is most énter- esting. The weight of my busnees is terrific, and when I get away from it, ah, Lam eo happy. But still it is very dizzy to go so high. “T love my wife ami my pretty many pictures. Once I kiss my wife, and before I know It they make our picture. It was very funny.” “What are your assets? “Ah, that is Charlie Ponzi's busi- ness, It is not a fair question.” Ponzi had three accounts in the Hanover Trust Company, one in his own name, one in the name of Luty Martelli, his Secretury, and the other in @ name he would not disclose. The Old Colony Trust Company, which yes- | terday opened its officer direotly next to | those of Pényi, offered their cli 100 per cent. i months, but t was a werk res use to their app ofl | ‘Their money is also deposited with | the Hanover Trust Company. The books of the trust company are to be! examined by the State Banking Com-| missioner, | BANDITS RAID SHOP; | GET $30,000 IN GEMS Enter Cleveland Jeweller’s Place, | Shoot Two Employees and ‘Loot Safe. CLEVELAND, Aug. 10.—Three ban, adits early to-day entered Sol Berg- man's jewelry store on Ka h Street, in the heart of the downtown section, shot and seriously wounded two om- | ployees, Frank Schuck and Jerome Suskin. They looted the safe of jewelry and diamonds estimated at $30,000 in value and eacaped in an automobile J ns N Tha Grafonola. admiration. venience in motor. record; lo: measure, $120, $350 AR ah tT RARS. RUTSCH BROS. (3) BIG STORES OPEN MON. & SAT. EVENINGS WN——3d cor, 123d St Saratoga Ave t’s Why We ff Chose aColumbia | Grafonola” When the neighbors call you’ll be proud to show your No other phono- graph’ has so many improve- ments that excite comment and Tothe Columbia Grafonola’s recognized superiority in rich- ness of tone and beauty of design there has now. been added the last touch of con- bY Now you can buy a package of Tetley’s Orange Pekoe Tea for 10%! It contains many cups of fragrant, delicious tea, amber-colored and full-flavored. Ofcourse, after you've had one 10¢ pack- age, we know you'll go in for it in larger quantities. It also comes in one-quarter, one-half, and pound packages. * The choice of leaves, the matter of blending, the business of packing—all are done with a knowl- edge gained from over 100 years’ experience. TETLEY'S TEA Makes good tea a certainty : The Only Non Set Automatic Stop This long-wanted improvement is n t the new Columbia Grate yin un Invisible. onola. . Built right into the Automatic. Operates on any or short. Nothing to move or set or ‘| ust start your Grafonola, and it pla and stops itself. nt No other phon aph can get it. ‘on Set Automatic Stop. Ask the nearest Columbia dealer for a dem- onstration of the stop that needs no setting Standard Models ap to $300—Period Designs up to $2100 Exclusively on the egraph has it. No other phono- sic patents protect the Columbia Ach Columbia _Grafonola COLUMBIA GRAPHOPHONE COMPANY, New York Nomen cin Se ARLE SE dt NUR EE hc RRNA in ‘THE EVENING WORLD, TUESDAY, AUGUST 10, 1920. BARGAINS ' The retirement of The Nemours Trading Corporation from the domestic business nas meant a great deal in the way of reducing the high cost of living for thousands of ' people. This sale will continue as long as the goods last. There were $5,000,000 worth of goods AT FACTORY COST to start the sale, but even $5,000,000 worth of goods will not last forever, especially at the prices we have placed on them. Shop here for the coming season, as well as for immediate use. Every dollar spent here does double duty for you. ‘ 4 Women’s Hosiery $2.10 $3.40 Pair $1.20. $3.75 Pair $1.30. $A 64 Box of 3 pairs. Thread silk boot hose, heavy oy quality, mercerized lisle tops. Black, cor- dovan or navy. Pair $1.60. Box of 3 pairs. Full fashioned, fine quality, $6.00 heavy pure thread silk hose, mercerized lisle tops, black only. Pair $2.05. $8 49 Box of 3 pairs, Ingrain silk hose, full fash- ° icned, silk foot and top. Pair $2.90. $10.95 Box of 3 pairs. Full fashioned lisle hose, black or cordovan. By the pair 75c. Box of 3 pairs. Extra long silk bodt hose, mercerized lisle tops and feet, black only. Box of 3 pairs. Silk boot hose, Richelieu ribbed, mercerized cotton top, searged back. Box of 3 pairs. Glove silk hose, Richelieu ribbed, black or white. Pair $3.65. which it may be put. Gi) shown. z from airplane cloth. yards, For Men One thousand pairs of. shoes for men, sizes 913, 10, 1014 and 11 only; tan mahogany, English lace style, Good year welt; all blind eyelets. These are particularly smart looking shoes. They have been in the $5.00 line, and the smaller sizes have been sold, leaving us a large number of the sizes men- tioned above, which have been reduced to make a feature, and to close out quickly You men who have plenty of understanding; you fellows who wear real men’s sizes, step into extra big bargains while these shoes are on sale. They will go pretty rapidly at this price. Government Standard Grade AIRPLANE CLOTH SPECIAL Almost every day scme customer, looking at this wonderful cloth, discovers another use to See the exhibit of specimens now being This is a price which will make it p-o- fitable to buy for resale. Clever women have designed window shades, couch covers, wash suits; rompers, clothes bags and many other pretty articles SPECIAL—To Dealers—We have placed a price of 50c a yard on this cloth BY THE CASE, F. O. B. Grand Central Palace. The cases contain approximately 1,100 . BARGAINS Pair 4.00 Giris’ Serge Dresses $5.25 & $5.75 We lost a case of these dresses, and were unable to supply the demand for larger sizes. We have found it, and you can now find sizes up to 14 years if you come at once. ‘These are splendid dresses, mostly all wool, made in “regulation” style, and, apparently are bargains well worth hurrying for. Women who have seen them say they are the best values they have found for a long time, The size range will be complete Tuesday morning.’ We cannot say how long they will last though. Special For Our entire line of low shoes, Oxfords and pumps, which have been featured during this sale at $7.00, has been reduced to close quickly. These are the finest goods in the stock. Included are: Tan or black Oxfords, Brogue style, wing tips, mili- tary heels, Goodyear welted soles; Gun metal Oxfords, military heels, Goodyear welted soles; Tan suede or patent leather pumps, hand turned; Patent leather pumps, Goodyear welted soles; Tan or black kid pumps, hand turned, French heels; Black vici Oxfords, Goodyear welted soles, military heels; Tan or kid two-eyelet ties, French heels, hand turned, All reduced to close out at— 50 Pair GRAND CENTRAL PALAC Store Hcurs,9 A. M.to6 P.M. Daily; 10 P. M. Saturday. Chas. W. Mills, Vice Pres’t & Gen. Mgr. Nemours Trading Corporation. Fhene 7300 Vanderbilt