Show Eastern Investment Company Frauds BOSTON May 2E M McPherson commissioner com-missioner of foreign corporations has been looking up the records of the Eastern Investment company and as a result has ordered the concern to immediately cease doing business in Massachusetts The advortisements of the concern declare it has been in business fourteen years yet it was only chartered in the state of Mdine in 1S90 The authorized capital is given as 2000000 of which 1200000 is alleged to have been subscribed It is stated that the surplus is 152000 I was found that at the time of the incorporation there were only a few hundred dollars paid on the cap ital stock of the companys property and certain lands in Florida worth as alleged 350000 and valuable Boston real estate scheduled the Florida property Invest I gation discloses it cost 0000 and also that the Boston property is mortgaged for almost al-most its if not entire value Several I stockholders of the company have brought suit against the management to recover I money paid in under misrepresentations and today an attachment was placed on the property of the company and also on I that of Treasurer Meyer his wife and Benjamin P Walker |