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* n v PONZI SURRENDERS TO FEDERAL AGENTS USING MAILS TO DEFRAUD CHARGE FACING FINANCIER. Abcut 40,000 Investors?Examiner Announces Liabilities of Defendant Total $7,000,000. Boston, Mass., Aug. 12.?"My faith in my husband is unshaken. I shall stick by him to the end." Thus Mrs. Charles Pon2i made answer late today when informed that her husband, internationally known now as the "foreign exchange wizard " haH been Dlaced under arrest. "I love him more than ever," Mrs. Ponzi added. She surprised her interviewers by declaring she knew all the time that her husband had served prison terms in Montreal and Atlanta. "I knew before we were married," she said. "His mother told me all about it in a letter written from Italy. I knew he made amends for the wrong, if there was any. It made no difference though and it makes no i:cc ? UiUClCIItC Ponzi Arrested. Ponzi, the financier who claimed to have made millions in international postal reply coupons was arrested in the federal building today when accompanied by his counsel, Daniel H. Coakley and United States Attorney Gallagher he went to the office of United States Marshal Patrick J. Duane and surrendered. The charge placed" against Charles " ' * 1 U,? Ponzi on information iurmsneu uy himself, was for use of the mails in a scheme to defraud and Ponzi was notified he would have to furnish $25,000 bail. By surrendering, Ponzi beat Attorney General Allen by a matter of minutes for the latter at the time Ponzi was surrendering to the United States marshal was asking the municipal court for a warrant for Ponzi's arrest. Before the authorities learned of the surrender the warrant had been obtained and sheriffs \ were on the way to Ponzi's home in Lexington. Willingly Surrenders. a fprtaral authori AtCUiUlllg ties the arrest came after a confer* ence in which Ponzi frankly stated his willingness to surrender and admitted that he could not meet his liabilities. Attorney Gallagher and Ponzi both issued statements immediately following the surrender and arrest. The former said: "On Monday Mr. Ponzi said that when the audit was made he would show enough assets on Friday to cover. . In a conference with postoffice inspectors yesterday while talking with Auditot Pride he made certain admissions. I notified Ponzi I would not wait until tomorrow. He later told me 'I shall not be able to do .tomorrow what I promised to do.' Ponzi's statement was as iohows: "I had made an agreement with United States District Attorney Gallagher that I would go to his office on Friday and meet all my abligotions with cash. With the closing of the Hanover Trust company my funds" are tied up and I found myself unable to do as I promised. ^Therefore I felt it my duty to look him up tod^y and explain the situation and ask him to detain me." . Hearing August 19. Ponzi's case will come up for hearing on August 19. He pleaded not guilty when arraigned before United States Commissioner Hayes, at which time bail was fixed at $25,000. Attorney General Allen, investigator of Ponzi's operations for the state of Massachusetts declare^ tonight that Ponzi's liabilities will run into millions. "The capital of the Hanover Trust company is very badly impair> ed and probably is wiped out completely," Bank Commissioner Allen declared. The depositors, he said, 1---L1? U ? k-r +VlO prouauiy vvuuiu l?c piutcttcu vj liability of the stockholders, the capital stock and the surplus. James J. Fernad, one of Ponzi's creditors, has petitioned for appointment of a receiver for the affairs of the Securities Exchange company, Ponzi's firm. Gov. Coolidge answered the attack of State Treasurer Burrall upon the bank commissioner, in which the treasurer assailed the latter for failing to notify him of the closing of the Hanover Trust company in time to withdraw state funds, bv declar ing that the action of the bank commissioner in taking possession of the bank had fully protected the-state deposit. Ponzi late this afternoon was in a cell in the marshal's oriice awaiting bail. The official estimate of the amount of Ponzi dealings is in excess oi $14,000,000, of which amount he if alleged to be short still some ST. I [000,000. I Ponzi was arrested on a state larj ceny charge following his release uni der $25,000 bonds to the federal | complaint. He was^arraigned, pleadi ed not guilty and was held in $10,: 000 bail for a hearing on August 23. I As soon as bail had been posted jjnzi drove to his home in Lexing- j ! ton. j ! Washington, Aug. 12.?"Ponzi'rj j liabilities are probably a little less than $8,000,000 His assets are j ; only about $3,0i)0,000. This means ! that the people who invested their; , money through Ponzi will lose about j j $5,000,000. It is the most gigantic ! i scheme ever put over on the Ameri- j i can people through the agency of the i J postoffice department." This comment was made tonight by j - - . , a high official of the postomce ae- ; , partment following announcement of \ j Ponzi's arrest. While the report of | i postoffice inspectors has not been for- j : mally made to Washington, the high i (lights of their discoveries have been | ! contained in telegraphic information, j ! "It is a sad commentary on human j ; nature that most of the investors j j were people of small means," said an j ! official who had part in the ihvestiga- j I lion. "If each investor loses $1,000 j i there will be 5,000 losers. But we j j believe that many contributed small- j 1i : er amounts, so tne numuer may j reach even 10,000. The postoffice j department has handled a number of I cpectacular get-rich-quick schemes but this is the largest we have ever j ! encountered. I . [ "We do not believe there is an iota ! of truth in Ponzi's statement that he I . ; made vast profits in manipulating j international reply coupons. We i 1 J?,Tnr.4-;n,of mnttpr* t.hor ' iiclVe lllvciUga^u ?,hac : oughly, and find that where the cur) rency of a foreign country is depre! ciated, the country, always protects | itself against loss of .charging more !for postal coupons. It could not do j ; otherwise unless it was asleep. | "It is our belief that for the most: I part Ponzi simply took in money and i i 1 * 1 *1 x 4-1^ a m + ij | tnen PSIQ It out UgtUli Willi titc mvcu- ,i jtion of getting a great number of j investors and then making a geta-j j way. So far as we have been able to j learn he dealt to only a slight extent 'j in ordinary stocks and securities. I "The Hanover Trust company I methods were utterly illegal and unsound. Just what its condition is land what depositors stand to lose we ! can not say as yet." News From Wheeland. I Wheeland, Aug. 11.?Mr. J. J. Bo- j i land of Chapin is visiting relatives j ! here this week. I Mr. Harry Brown of Columbia spent a few days with Mr. Elton i Lindler. j I Mr. Clarence Lindler spent Thurs-1! ;day night at home. j Misses Annie and Azilee Living- 3 jston of Pomaria spent a few days ! with Mf. and Mrs. Ernest Derrick , i last week. ; l 1 ? n j Miss (ienieve iMetts is spending a j I few days with her grandparents, Mr. j. 'and Mrs. John Boland, of Little j Mountain. j Miss Estelle Boland of Pomaria is j visiting relatives here. Miss Vera Metts is visiting her ] | aunt this week, Miss Fannie Frick, | of Chapin. | Mr. Jemmie Lee Riddle spent Jatj urday night with his friend, Mr. El- j < !. T |] ion Ldnuiei". Miss Pearle George and Mr. Rhett ] j George of Columbia are visiting relaj tives here. Mr. Lonnie Shealy of Prosperity I spent a few days at home last week, j. J Mrs. George Metts and Mrs. Ru-.; fus Metts spent Sunday with Miss ;. Fannie Frick of Chapin. Mr. Roy McEntyre of Newberry 1' spent Monday night and Tuesday j ! Mr Oliri Metts. ! i I W 1W1 iiitj vvuviAty | Mrs. Alice Boland is spending a j ! while with her daughter, Mrs. Jim ! Slice of Bachman Chapel community.' 1 j Miss Bertha Boland. and Mr. \ Bounce Boland spent Saturday night' ; and Sunday with their sister, Mrs. j Slice. Mrs. Mattie Metfs spent a few ! days last week with her brother, Mr. ' Drayton Kinard, of Pomaria. | Mr. and Mrs. A. W. Shealy spent j Sunday afternoon with Mr. and Mrs. oolv Miss Ruth Riddle is visiting relatives in Newberry. i ? <v < > <S> STATE CAMPAIGN <S> , <?> MEETINGS. <?>: $> . <S>! | Gaffney?Tuesday, August 17. Greenville?Wednesday, August: ! 18. Pickens?Thursday, August 19. |1 Walhalla?Friday, August 20. Anderson?Saturday, August 21. Abbeville?Monday, August 23. ~ ' >-? A *. CJA ; j Greenwood?ruesaay, nuguau i McCormick?Wednesday, August! ; 25. 5 Laurens?Thursday, August 26. -j Newberry?Friday, August 27. j GEORGE WARF i CT A f UINi 2 E-LP Ji/i \ GEORGE W He believes in the dot is opposed to any furthe nower in the federal go* I? * - ? ? _ vocate of tax reform e economy, and denoimc* one who does not have a I terest of farmers andk WARREN RUNNING STRONG EDI Columbia:? ^ "An enthusiastic reception was, 5tai. given George Warren . . . Mr. Warren was greeted with a sharp . >? unii burst of applause wnen muuuuccu. Approximately one-half the of s audience left at the conclusion of u]ar Mr. Warren's speech."?The State. Aiken.? "Qe "George Warren of Hamptort was beei well received and sot most of the an-; plause." News report to The Colum- " bia State of meeting at Aiken. a Lexington:? ^ ! "On "All the candidates were well re- -r vY ? i ceived and if applause can be taken ! ac a criterion, Warren, Pollock, Smith 01 and Irby will run in the order named iron in Lexington county."' The Lexin^- : i\ ton Dispatch-News. j L. c. ! Edgefislcl:? j gov< 1 Let "Perhaps the greatest ovation be"T ] t>,.T " mg given 10 .viessrs. warren -i*x i w, lock."?The Edgefield Chronicle. i a I ^ " A Barnwell:?' , i A I Geo "Gf^rge Warren cf Hampton, led nev< off areceived a reusing welcome, ciim being clearly a favorite of a major!-1 ty of those present."?News report J ^2-\{ to The News and Courier. I L^ei I righ Hampton:? ^aS oer "George Warren was at his home cd \ today and received an ovation by his i that homefolks when he arose to speak, j 'for, A t thp conclusion of };is speech he j is 1? was vigorously applauded and pre- i sented with a handsome basket of ; flowers.''?The News and Courier. | ten | in J Chesterfield:? I Kc\ j past "Mr. Warren made the best speech ! posi of the entire week and made a pro-; way found impression on his hearers."? ; that The State. ' j tor WARREN SHOULD B After hearing the senatorial candidates week, we feel that we voice the sentiment ! ty voters when we say that Hon. George V\ important post. His speech was a revel; " ' 1 # a 11 i_ easily capable ol tamng mosi exceiieiii u. handle the most astute speaker that might house in Washington. Warren is clean ai the confidence and full support of all our j is going to vote on August 31st just as w ?toy casting a decidedly significant major Graduate of Clemson Col!< Member House of Represer Elected and Resigned as ' ' Endorsed for United States Sei Conventions of Allendale, , is Counties in Mi ASK ANYONE WH 'EN FOR % ^fn u T ft rr?n i ihb oLIN AI?! ARREN :trines of Calhoun, j r centralization of rernment, is an admfi anvflrnmental 5s as a traitor any i .t heart the best iniboring men. { ) < TORIAL OPINON OF WARREN ; yj nderson Daify Mail editorially es: "George Warren is going to very much in the running for ted States senate. His doctrine tate's rights: in proving very pop?> <T, iken Standard editorially says: orge Warren of Hampton has 1 growii.0" in popular favor since entry into the race for United es senatov.*"* asley Progrfcss editorially says: ; e of the candidates (George; Ten) is calling attention to one ! i , i i the most vital issues mai con ts the American people tcday. It ie issue of States Rights against .' .itralized federal government. . We say the centralization of 2rnment has gone far enougn. us put a stop to it by peaceful of cur ballots." L;c:ida!e Citizen editorially states: truer democrat never lived than rge varren, a truer Southerner ?r breathed the air of South (Jar?. than he. Tfhe shades of Calhoun Hayne and those other South i ilinians who, thrilled the world in r fight for individual an'l state ts are rejoicing that this state | brought forth a man of the eali- j ? TT'c nlci ! -f.>v?vi 75 i?V- ! ui rtaiicti.o IJI.U JJIV..!,..!-.. . ? .... unflinchingly on the principles cur Confederate fathers fought and true, nr.modified democracy le keyword of his campaign. George Warren is well known in section. lie is a native of jrla;iJp- j county and has cc#mt!ess friends \ilendale aitd adjoining counties.! has shown by his co<:<iu"t in the ' ; that he would not aspire to a j tion that he felt himsoif i.i any untitled IU 111JL. iviiutt , V?rarren will make as good senaas this state has ever produced." ; E ELECTED in Edgefield on Thursday of last >f the majority of Edgefield counrarren should be promoted to this ition to cur people, proving him ire of himself, and quite able to ; be waiting for him in the upper id gifted, "and entirely worthy of leople. We believe South Carolina e feel Edgefield county will vote $ ity for George Warren. 2ge in Class of 1908 v itatives 1913 to 1916 Circuit Judge 1916 \ iator by the Democratic Jasper and Hampton ay, 1920 0 KNOWS HIM M. M. BUFORD is still selling lots fh the Middle Georgia Oil & Gas Company at San<4ersville, Georgia DRILLING OPERATIONS NOW ON BIG MONEY IN OIL Why hesitate when the conditions are so favorable, when every lot purchased at $35 each carries with it the right of participating in all profits and leases of the company. My headquarters are at Wm. Johnson & Son's store. If more convenient drop me a card and I will call to see you. , Persons who have purchased lots would do well to increase their holdings. Liberty bonds taken in payment cf lots at market price. We are on the last lap in selling stock. Read D. L. Boozer's letter on the Middle Georgia Oil and Gas company. M. M. BUhUKD NOTICE OF FINAL SETTLEMENT I will make a final settlement of the estate of Geo. W. Hairston in the Probate Court for Newberry County,S. C., on Saturday, the 11th day of September, 1920, at 10-.o'clock in the forenoon and will immediately thereafter ask for my discharge as Admin istrator of said estate. GEO. W. EDDY, Administrator, j Newberry, S. S., Aug. 4, 1920. NOTICE OF FINAL SETTLEMENT. I will make a final settlement of I the estate of Pressly Cobler in the probate court for Newberry county, South Carolina, on Friday.the 27th ! day of August, 1920, at 10 o'clock in the forenoon and will immediately j thereafter ask for my discharge as administrator of said estate. All persons holding claims against fnid nctofo urill rvTOCOnf tVlPm Hnlv I LAIC caxu ^Otavv^' TV 111 Jk/4vwvi*w vv..^ attested. J. B. Giles, NOTICE OF FINAL SETTLEMENT Notice is hereby given that the undersigned will make final settlement of the estate of John C. Wicker, dei ceased, in the Probate Court for [Newberry county on Monday, August 30th, 1920, at 11 o'clock a. m., and will immediately thereafter make application to the said court for final discharge as such executor. All persons indebted to the said estate will make immediate payment. All persons holding claims against said es tate will file the same, properly_attested, for payment on or before said date, or said claims Will be forever barred. H. L. PARR, Qualified Executor. TEACHERS WANTED. For the Silverstreet school. One principal and two assistants. Applications may be filed with the undersigned on or before the first of June, .920. C. L. Leitzsey, * Clerk of the Board. I The men people envy, the rest. One Thing They take a their expendi n i Dy pianmn are always in ! to take advar Every Man | fits Out of Tl ! Make 1920 1 i i The Narin Newt b. c Matthews, President. State, Com Membt ?_ The State of South Carolina, r County of Newberry. i; By W. F. Ewarfc, Probate Judge: t Whereas, Elvia Dominick has made ; o suit to me to grant her letters of ad- t ! ministration of the estate and effects j p j H. L. Dominick. ! ? j These are, therefore, to cite and j 1< ! all and singular the kin-! t , dred and creditors of the said H. L. j ! Dominick, deceased, that they be t i and appear before me, in the court; | of probate, to be held at Newberry, i iS. C., on Wednesday, the 18th day. | of August next, after publication i ! hereof, at 11 ocjock in the forenoon,; j to show cause, if any they have, why! ! the said administration should not be : ; granted. ! Given under my hand this 26th ; day of July, Anno Domini, 1920. W. F. Ewart, P. J., N. C. i SPECIAL ELECTION IN MOLLOur?w Qrwrvni muTRifT. i no!*S?"" j Whereas, one-third of the resident ' freeholders and a like proportion of the resident electors of the age of , twenty-one years in the Mollohon j ( school district No. 53, the county of' i of Newberry, state of South Caro- ' lina, have filed" a petition with the ; I county board of education of New-, berry county, South Carolina, peti-j tioning and requesting that an elec-' tion be held in said school district on j the quection of levying a special j j tax of four (4) mills on the taxable [ I school property within the said school! district. Now, therefore, we the under-; I signed composing the county board; Ot education lor i\ewoerry cwuuty, j ! state of South Carolina, do hereby j ! order the board of trustees of the! I M'ollohon school district, No. 53, to; j hold an election on the said question! i of levying a special tax of four (4) | mills to be collected on the prop! erty located within the said school ! district, wjiich said election shall be | held at the Mollohon school house in the said school district, No. ?3, on ! Saturday, the 28th Jay of August, < J1920, at which said election the polls j shall be opened at 7 a. m. and closed at 4 p. m. | The members of the board of | trustees of said school district shall act as managers of said election. I Only such electors as reside in said j school district and return real or , nawnno] nrnr>orfv -Pr?T fflvnfinn. and I WJ ? who exhibit their tax receipts and, Gasoline Engine Drag Do work of 6 to 10 men. stops saw without stopping 1 2 to 12 h. p. end for catalog ALL EQUIPPED WITH COLUMBIA S 9? u/..* * of wealth, who are not much di They Have Leai good deal of tim itures. g, they save; by i position with r itasre of ooportui W A * i or Woman Can he Practice of Sa four Best Year And Profits. nal Bank of jerry, South Cai T. K. JOHNSTONE, Cashier. 1 lty ana ^ity :r Federal Reserve ! _ egistration certificates as required n general elections, shall be allowed o vote. Electors favoring the levy f such tax shall cast a ballot conaining the word "Yes" written or rinted thereon, and each elector optosed to such levy shall cast a ba'i)t containing the word "No" writen or printed thereon. Given under our hands and seals his, th% 11th day of August, 1920. C. M. Wilson, 0. B. Cannon, J. B. Harman, County Board of Education.. ? P?W| I wmmmimmu / IIP ' ? Stomach Out of Fix? 'Phone your grocer or druggist fo? a dozen bottles of ?this delicious digestant,?a glass with meals gives delightful relief, or no chatge for the first dozen used, Chivap Alp kJIKl W tIA 4 MV PURE DIGESTIVE AROMATICS WITH SNIVAR MINERAL WATER AND GINGER Nothing like it, for renovating old worn-out stomachs, converting fooa into rich blood and sound flesn. Bottled and guaranteed by the celebrated Shivar Mineral Spring, Shelton, S. C. If your regular dealet cannot supply you telephone J. WflKiffLBk CO., ? . j Distributors for Newberry. J M . \ Saws and Saw Rigs w ? * * Lever controlled clutch engine. Gasoline engines ?ue. BOSCH MAGNETO UPPLY CO. C^lumbi*, S. C. PROFITS t. m so many fferent from . . ; . . ^ 1 ' . " ' ' [ . rned To Do. ie to Budget saying they eady money nities. i V Reap Bene LVUIg. ' In Savings { / ' i 1 " 1 Newberry -,-,v . . S rolina W. W. CROMER ' Assistant Cashier. Depository system 1 ?