TJOSEVIG AND
HANCOCK ARE
ALSO INDICTEE
George Francis Rowe, D. McDonald
E. Snyder, W. Bertram Hancock
Patrick G. Gearson and Christiai
Tjosevig are the names of the mei
indicted by a federal grand jury ii
New York on Friday last, on charge
of having used the mails to defram
and conspiracy. Hancock and Tjose
vig are former residents of McCarthy
Prosecutor G. W. Taylor gathere<
the evidence on which the indictment
were found, and said that the defend
ants had sold worthless stock, mainl;
to people of New York and New Eng
land, receiving $400,000.
Much Stock Sold
The alleged plan of the accused mei
was the usual course of widespreai
advertising campaigns, containing mis
representations, Taylor said. He add
ed that the defendants had organize!
the Tjosevig-Kennecott Copper Com
pany in the state of Washington, an!
through a firm of brokers had dis
posed of 500,000 shares of stock ir
three weeks.
Among the alleged misrepresenta
tions were statements to the effecl
that they owned twenty-two mining
claims in Alaska, that 800 tons of cop
per ore had been taken out which con
tained $19.20 in silver to the ton, and
that the mine was superior to the fain
ous Kennecott mines.
Directors Repudiated Promoters
Former Governor AT. E. Hay is pres
ident of the Tjosevig-Kennecott Cop
per Company and W. L. Gazzam is sec
retary and treasurer. Mr. Gazzam was
a witness before the grand jury in
New York. He returned to Seattle
recently. The directors of the con
cern include, besides the officers, J.
W. Roberts, counsel for the company,
and H. S. Seagraves, a mining engi
neer. None of the officers is accused
of implication in the alleged fraud.
According to the dispatches from
New York, all six men are residents
of Seattle, but a director of the con
cern said that only three of them live
there. Snyder and McDonald are Spo
kane men, and Gearon lives in Wal
lace, Idaho.
George Francis Rowe, one of the in
dicted men, whose home is in Seattle,
declared that he had no fear of being
unable to establish his integrity in
court. He brought suit against the
copper company for compensation due
him for advertising, some months ago,
in the superior court at Seattle, he ex
plained, and a decision in his favor
was upheld by the supreme court of
the state of Washington.
“At the time it was alleged that the
advertising 1 wrote was misleading,
and for that reason the company
sought to withhold payment,” he said.
“The court ruled that the advertising
was based on engineers’ reports, and
upheld my position. I have never vis
ited the mine in Alaska owned by the
company, but I understand that the
claims are believed to be valuable by
engineers who have studied them.”
“We were foolish enough to permit
our names to be used by the promot
ers of the scheme,” one of the direct
ors of the company said. “We were
given stock in the concern and felt
that it was a reputable undertaking.
When we found out what was going
on we repudiated the scheme. Mr.
Seagraves went to Alaska to investi
gate the company’s claims, and he re
ported them to be worthless. That
convinced us. Previously we had been
given rosy reports by the men who
lured us into the concern. Since the
falsity of the claims made for the
company’s holdings have been known
k to us, Governor Hay and the other di
rectors have exerted every effort to
make restitution for the misdoings of
the promoters. No officer of the com
pany ever received a cent of compen
sation from the company. Our names
were used to further the designs oi
the promoters.”
According to J. S. Swenson, postal
inspector in Seattle, he co-operated
with Inspector Howard B. Mayhew
who was sent to Alaska by the gov
ernment to investigate the Tjosevig
IKennecott Copper Company. “The
promoters flooded New York and other
Eastern cities with literature, and sold
stock to the amount of $400,000,” Mr.
Swenson said. “And they sent this
literature through the mails. Some
’ of the stock was sold in Spokane and
1 in Wallace, Idaho, but, as I under
1 stand it, the concern’s headquarters
1 were in New York.”
1 Little Money Reaches Treasury
T)ie mines owned by the company
’ are said to be at McCarthy, Alaska.
After the organization of the concern,
according to Associated Press advices,
the indictments charged the defend
ants with negotiating with a broker
age firm in New York for the sale of
stock and disposal of 550,000 shares
of par’value of $1 each, on representa
tion that the money would be used
1 only for development purposes. Only
1 one-fifth of the money thus acquired
was used for development, and the
remaining four-fifths never reachted
^ the company’s treasury, the indict
ments declare. This latter circum
1 stance, alleged in the indictments, is
in harmony with the declaration made
1 'by a director, that the officers of the
company were in no way involved in
the alleged irregularities in New York,
and were not responsible for the do
ings of the promoters.
Harvey A. Willis & Co., brokers of
New York city, was the firm engaged
in selling the copper company’s stock,
it was stated by a director of the con
cern. Several Seattle and Spokane
men, he said, worked with the com
pany in marketing the stock, and also
were responsible for the literature ad
vertising it. Magazine and newspaper
advertising also was used, he said.
Representations made to investors
when they purchased the stock were
false, according to Postal Inspector
Mayhew, who appeared before the
grand jury. The inspectors have been
working on the case for months, In
spector Swenson said. They looked
into the concern’s activities after re
ceiving complaints, he explained.
Job printing at Daily Times office
-- --
LEGAL ADVERTISEMENTS
STATEMENT
.
■ w
Of the Ownership, Management, Cir
culation, etc., required by the act
of Congress of Aug. 24, 1912
Of the Cordova Daily Times, published
daily at Cordova, Alaska, for Oct. 1,
! 1919.
! Territory of Alaska, ss.
Before me, a notary public in and
for the territory aforesaid, personally
| appeared H. G. Steel, who, having been
dulv sworn according,to law, deposes
and says that he is the owner of the
Cordova Daily Times, and that the fol
lowing is, to the best of his knowledge
and belief, a true statement of the
ownership, management, circulation,
etc., of the aforesaid publication for
the date shown in the above caption,
required by the act of August 24, 1912,
I embodied in Section 443, P’ostal Laws
I and Regulations.
1 1. That, the name and address of the
J publisher, editor, managing editor and
i business manager are: FI. G. Steel,
I Cordova, Alaska.
2. That the owner is: PP. G. Steel,
! Cordova, Alaska.
3. That, the known bondholders,
' mortgagees and other security holders
owning or holding 1 per cent or more
of total amount of bonds, mortgages
or other securities are: Mergenthaler
Linotype Company, New York.
That the average number of copies
of each issue of this publication sold
or distributed, through the mails or
otherwise, to paid subscribers during
the six months preceding the date
shown above is 875.
PP. G. STEEL, Owner.
Sworn to and subscribed before me
this 10th day of October. 1919.
(Seal) EDWARD F. MEDLEY,
Notary Public.
(My commission expires Oct. 11, 1921.)
SHOE REPAIRING
DIMON NICKALOFF
Currier Building,
C Street. P. O. Box 986.
5.4 *4 4 4 4 4 4444*4 *444 4 4 *4*4##*4*4*4***4*4*4#**44#»4*4»4»4*4*444#4#444«4***44**4«4*****4*4*44444*4*4*#44***4*4
J ♦ ♦♦••••••**44*4**4#% #V4***.***«*4*4*4*.*4*.,4*.*4*.*.*.*4*.*4*.***.*4*4,4*.***.V.*«*.,4*.,4*4*.*»*.*4*4*4V.*4*.*4*.*4*.*.*4V.*4*.*4*4*4*.*4*4*4*.*4*.,4*4*4*4V4*4*.•.*•'.*.*.*.*.*.*.*«*
I CORDOVA JAZZ ORCHESTRA I
Will Give a
i DANCE 1
*•!* .v
I AT 1
EAGLE HALL '
1' SATURDAY NIGHT
| . , |
•|! James Beattie, late of Wagner’s §j
:| Orchestra, Seattle, Leader ||
I
LEGAL ADVERTISEMENTS
NOTICE OF SETTLEMENT OF AD
MINISTRATOR’S ACCOUNT
In the Probate Court for the Territory
of Alaska, Third division Cordova
precinct of Cordova.
In the matter of the estate of C. L.
C. L. Hale, deceased.
Notice is hereby given that Fred
Tracy, administrator with the will an
nexed of the above entitled estate, has
rendered and presented for settlement
and filed in said court his final ac
count of his administration of said
estate, and that Wednesday, the 10th
day of December, 1919, at 10 o’clock
a. m., at the office of said court in Cor
dova, has been duly appointed by the
judge of said court for the settlement
of said final account, at which time all
objections to said final account and
the settlement thereof will be heard
and determined.
Dated at Cordova, Alaska, this 6th
day of October, 1919.
FRED TRACY, Administrator.
First publication, Oct. 7, 1919.
Last publication, Nov. 5, 1919.
SUMMONS
In the District Court for the Territory
of Alaska, Third Division. Torger
Asbjorson plaintiff vs. Caroline
Asbjornson, defendant. No. C-176.
The President of the United States of
America, Greeting to the above
named defendant:
You are hereby required to appear
in the District Court for the Terri
tory of Alaska, Third Division, within
thirty days after the completion of
the publication of this summons, to
wit, within thirty days after the 25th
day of October, 1919, and answer the
complaint of the above-named plain
tiff in the above-entitled action,
wherein said plaintiff prays that he
be given an absolute decree of di
vorce from you forever dissolving
j the bonds of matrimony heretofore
I existing between you and said plain
tiff.
And unless you so appear and
answer the plaintiff will take judg
ment against you for want thereof
and will apply to the court for the
relief demanded in his said complaint
as hereinabove set out.
The date of the order for service by
publication herein is September 3,
1919, and such order was duly made
and entered and filed herein o.i said
date.
The date of the first publication of
this summons is September 13, 1919,
and the date of its last publication is
October 25, 1919.
WITNESS, The Honorable Charles
E. Bunnell, Judge of said court, and
the seal of said court, on this 3rd j
day of September, 1919.
(Court Seal) ARTHUR LANG,
(Terk of the District Couit for the
Territory of Alaska. Third Division.
By JOHN B. MILLER,
Deputy.
If you change your address, do not
notify the carrier boy—report your
new address to the office.
1- --- ____ '
!
i
TAKE CARE OF THAT COUGH
At Once—To Neglect It Is Especially Dan
gerous at This Season
Get a bottle of our Cough Remedy, take as
directed, and the cough will soon disappear.
If you are run down and tired, try our Tan
lac Tonic. It is a splendid builder up of low
vitality. It purifies the system and restores
vigor. Good for all the family, from baby
to grandma.
NORTHERN DRUG CO.
“THE DRUG STORE OF ALASKA"
“SERVICE" Is our motto
»
I The StyleShopII
! Able Allies For j|
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