The evening world. Newspaper, August 16, 1920, Page 12

aed etal ‘officers of the company who were —————— HOMECFPON) = HEALY GUARDED HE ANAS BAL (Continued From First Page.) Jocked up on charges of larceny have ot procured bail. They are held if default of $50,000 bonds each, Bank Commissioner Allen an- nounced that the audit of the liabill- fies of the Hanover Trust Company, which the Commissioner closed Inst Week, was almost completed. Ponz! Made the Hanover Trust Company his chief depository and was a mem- ber of the Inatitution'’s directorate and a stockholder. TELLS OF PONZI'S DREAM OF $20,000,000 CONCERN, Ponsi's arrest, a friend declared to- day, ended a plan by which he boped to “put over” @ $200,000,000 company, which, had {t been allowed to get un- der way, would, in the opinion of Bos- ton bankers, have taken tens of mil- Hons out of the savings banks of New Bngland. It ts intimated that knowl- edge of this scheme helped hasten official action against him. “Ponzi,” said this intimate, “knew that he could not get this thing into uch shape that it would go indefin-4 ftely. But with the assistance of a new company, to take in the money Mecessary to make good to all de- positors fn the old acheme, he ogured jon getting away in m@ hack. “The scheme was this: He was to form the Charles Pons! Company, un- der a Maine or Delaware charter, with @ capital stock of $200,000,000 and the privilege of all corporations of jesuing bonds ite charter, have the right to engage in all kinds of commerce, including | ! foreign exchanse. “It waa proposed to issue stock on which dividends would be payable at the rate of 1 per cent, a month, and in addition share in profits in excess of the 12 per cent. a year necessary to make dividend payments, These profits were to be divided three ways, part to stockholders, part to the com- puny for reserve and extension of businéss, and part to the working staff, GREAT “BLIND POOL” BASIS OF NEW GAME. “It was Ngured that the money coming in on this proposal would en- able Ponal to meet all of the notes outstanding, he having ceased to ts. sue these some weeks ago, This would have established his standing with the unthinking and sent money his way so fi that he could not count it, It was certain that those who had profited In the early schome would put principal and profits in and be good ‘cappers’ for new ‘in- veators. nothing but a big blind pool, the pick- ings would be enormous, and when the crash came those running it prob- ably would be safe, or at least in places where they would be free from prosecution.” 5 This scheme was complete, sven to! ns plans for placing page advertisem In tho Boston papers, offering the stock for male. ‘The arrest of Ponti This company would, unde | y As planted it would be| j THE EVENING WORLD, MONDAY, AUGU No. bauker of officer of the Banking Departmer State admits that ue oft this . pale ition had been his frequ gton and In id Ponsilintended to return there tq ‘live the life of the Inmate In Bt Plains had served notice on dirs, Clai ford of New York, guardian o: Hot, swollen feet may result from tight garters that prevent free cir culation, E. Z. Garters fit easily, but never bind nor slip. At All Dealers . Manutlactured only by The Thos. P. Taylor Co., Bridgeport, Conn. y 4 GARTER @ Wipe For COMFORT Who ts responsible for _ pneumatic truck tire service... ' No every truck is adapted to pneu- matic tires. But if yours is, give it tires that are truck tires. Otherwise there is waste— and extravagance. U. S. Nobby Cords are pneumatic truck tires—not en- larged automobile tires. lives to studying trucking con- ditions—and making the tires to meet them. Men who introduced pneu- matic truck tires long before the need for them was realized by truck owners generally. One of the results of the forward-looking policy of the United States Rubber Com- pany—of which we are proud to be the pneumatic truck tire executor, Albert I, Hagar of New Created by men who have devoted the best part of their M. D. CANCRO 241 E. 136th St. 1360 Avenue YORKVILLE AUTO SUPPLY DEPOT 1235 Lexington Ave. ] A SOLID TIR JEROME F, representatives in this im- portant truck center, U.S.Pheumatic Truck Tires H. RAY PAIGE & CO.,, Inc. * TRUCK TIRE CO. 561 Washington Ave. SERVICE CO. ALLAHAN, Prop. * 302 W. 120th St Action in the final acéounting of tv #1.000,000 estate of Jutin Butterfield wan aturday at Peekskill before thard, because motice nor. feld 24, and that’ Dr, Willlam Russell, For ‘Tabl “and Cook Dr. Brush’'s KUMYSS Brod Sparkling Milk A light luncheon with the sus- talning qualities of a full meal. Easily digested. Quickly assimi- lated. A fermented sweet milk. Not a butierrailk. At hetele—tunch counters—soda fountains, KUMYSS, Inc) EE Brush MD Prowslend G16 W. 46th Sty New York. BT 16, 12°20, For breakfast try toast with olive oil instead of butter— imogrted Pompeian Olive Oil ’ (TABLETS or GRANULES) For INDIGESTION Take dry on tongue or with hot or cold water. QUICK RELIEF! Price, 25-50-75¢ MADE BY écOTT & HOWNE MAKERS OF 1 save decayod tecth, Tighten loose Tooth. Treat Discasod Gums, SETS OF TEETH Gola and Porcelain Crowns Sridgework, Fhilings nnd Inlays iy cleaned. od while you walt, : BLO Pree E. 125th St | 169 E. 34th St. . Cor. Sth Ave, | N. W. Cur. ad Aro, 740 Lexington Ave.. cor. 59 h St. repair | Mix Your ; ‘Own Complexion Treatment If you would have m beautiful col Open This f Evening Until 9.30. ee ~ i = am sy Use Entrance | at 166 East 1 60th Street 50TH TO GOTH STREET BLOOMINGDALES LEXINGTON TO 3D AVI unusual offer. CLUB TERMS ‘3 A WEEK No Interest Club Is Limited to 175 Members This Player Piano Club ,will be limited to 175 members, and only this number will receive this beautiful 1920 model Walters Player Piano to- gether with the club privileges and articles mentioned in this ad- vertisement under the heading of To Each Member Without Extra Charge. If You Cannot Call Tomorrow—Mail the Attached Coupon Being aware of the fact that many persons who are anxious to participate in the advantages this Taj er Pieno Club offers will not be sble to call in person tomorrow, we have decided to hold then places in the club for them, providing they will fill out and mail the attached coupon to us; we will then send one of our representatives to their homes to explain the club offer in detail. No Charge for Delivery — The Player Pianos will be delivered free of charge to the homes of the members without any undue delay. si) mak Junt This PLAYER PIA’ Player Piano Club Only Four More Days Every family which is without a Player Piano should take advantage of this ver 2 PI No CLUB OFFER is open to any one antl the CLUB MEMBERSHIP is filled. Remember, only 175 of these beautiful Walters Player Pianos, together with the CLUB PRIVILEGES, will be offered and this club offer will close just as soon as the required number of families have joined. Remember, you are not compelled to pay cash; our special easy-payment plan allows you two full years in which,to pay for the player. special club dues. Dont wait until it is too late to join the club. Call tomorrow or send the attached eoupon for detailed information. ’ Beautiful, New, Fully Guaranteed, 88 Note Walters Player "O99 Each Member Receives Without Extra Charge A Magnificent Music Roll Cabinet, $10 Worth of Music—Your Own Choice. A Handsome Player Bench. A Pretty Piano Scarf. Free Delivery Within a Radius of 100 Miles of New York City. No Interest or Extra Charges of Any Kind. Free Tuning, Free Polishing and General Service for One Year. A Full 10-Year Guarantee With Every Player Sold in This Club. i No red tape, no CLUB TERMS A WEEK No Interest Be Sure to Call Tomorrow Many families which applied too late to join our Player Piano Club last year have been informed of this new series, and, no doubt, will apply for membership in THIS e club. Be sure to call tomorrow if you wish to take advantage of this offer, as other- wise you might be disappointed. F aaie § If You Cannot Call Mail Coupon Gentlemen: — Kindly send me cata- logue and full particulars regarding your PLAYER PIANO CLUB Exchange Your Old Piano — Liberal allowance for your old Piano. Pay the balance of purchase price of Headaches From Slight Colds ans “Laxative Bromo ‘JUST SEE HOW POSLAM HELPS | SKIN OVERNIGH Aveneto n Alright ble ide AN “Lost and Found” artistes advertised in The World or revorted found Bureau.” Room ne. Will be listed oni Advertising Agonctes, or ean telephoned directiy to The World. Cal! 4000 Boeckman, New York, @& Brooklyn Office, 4100 Mata, Quinine Tablets”’ relieve the Headache by Curing the Cold. Postam soothes, refreshes and heals | suffering skin, with never a possibility of harm. A brief experience with Pos- lam will prove its value. 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