Show QUEER YARN OF STAMPS WIDOW LEFT WITH IN THE COLUMBIAN ISSUE A dealer in ili now york who says he advised hor her husband to try to corner the market several hundred have been sent bent to prominent banking and vogt bual ness houses throughout the city announcing boulle noun cing 1119 tile palo of oc ti 11 1 columbian stamps LA and in ili perfect condl condi llon which tile owner would like to lo dispose of at each cadi the ditzlar flit Ular beats tile name ot or albrecht Lo locala calt aho vho ho 11 Is engaged in the tire ire insurance business at no fast sixth mr loewit is 19 ulso also a philatelist I 1 ind a member ot of several phila lAic s su e attles both lit in tills this country and in ili germany leri nany OHIOAN at the lice when alit 11 circular was hohu to them thein were mere out eui pulsed at the low prices at which tile s stamps were maikel but paid bald that is af the ho lovci would not dot redeem on unused postage stamps the offer was wan pichi probably pio bably ably made by a speculator who found LIf in possession ot of more bamps than he knew what to lo do with find and aas ft as willing to sell cell them at a reduction rather than to have them tot tn 11 ills s I 1 lands handu A rr 1 called upon sir loewit and asked him how lie WAS to hi sell ills stamitia sta miia ILL at so great a aldu reduction lion af ili locwin left the too loom for or a few and presently detill lo turned lied with a box containing 1201 dollar stamps lie ile had also an equal number of three dollar stamps sta nips cutai of the denomination or t 4 an and 5 as well all as ft a number or of sia stamps Ps valued at less than 1 apiece all ol of tile the columbian issue 1100 it tot etolil the following story two keais ago a friend or of mine whom I 1 had known for or a longtime lone time sold it cc piece of property for he was wag ft a wealthy Avel man and dashed to invest the money ile he had received fat or tile alie property properly lie asked my advice alp anil being n m philatelist and belt ving that the Columb columbian lall stamps would in a few yeas yesig leallie a hie big 1 if gold to dealers I 1 him to use tile the money to for tile the purchase hasp of 0 columbian stamps lie took tile the advice were sent to all al the prominent titles or of tile the country with orders to buy up a all ll 11 the stamps in fit the sec several ral post ollices stamps to lo the value of 0 sl brought to new york anti and articles soon began to appear I 1 in the newspapers commenting on the scarcity of 0 st stamps alip of 0 the new issue ll it was as our liti purpose to lo hold the stamps until there should hould be LL a greater demand for them when we intended to a sell L 11 them atheni at agrest a great kloht we sup supposed pose d that they could be sold hold to the government overn ment at any time anti anil were under the impression until the death or at my friend several months ago it was then found that the stamps COULD NOT br BG SOLD to the authorities an anil it ft bl bc came a problem what to t do AN with N them I 1 succeeded in selling some gome to collectors and being be ingwell well known to philabel abts through rny connection with philatelic societies iwas I 1 was able to dispose of several hundred more in attempts to self the stamps to bankers I 1 have several times limes been s shadowed hal owed by detec detectives thes who wanted to know julow howl I 1 secured possession of them and m whether hether I 1 stolen them I 1 have haio handed the ilia detectives tit my business cardi in such ens case but have never heard from them the again hy BY this time I 1 have already been able to sell all but t woith or of the stamps in three months and as sonic pome have bee been n sold at a a premium I 1 have made nearly tile the amount of ane original Invest investment me til this I 1 have handa to the widow of toy my friend and I 1 shell shall do nothing until I 1 have sold the rest and satisfied the claim which I 1 feel she nhe has haa FL tile me tor for advising birr ter husband to make the investment most moat of the stamps are liepe for me hy by a trust company downtown as I 1 tear fear to keep the im in the louse al ail efforts to induce mr air lo 10 ew it t to 0 mention the name of his friend w were e re unavailing he said emphatically that lie felt himself bound to secrecy on oil the widows account bloem its to mention the name of the widow ivand the anllo annoyance ance he seemed to feel when pro tined to lo do so KAVO gave its lluc to some doubts us as to in that ilia I 1 part of the story and nil an investigation was begun in order to ician leai n what was Loew ltd standing among other oilier dealers at bogart dubbins dui bins stamp company no lag nassau street loewit was well known and through a eld clet it it was learned that he had on sev cial occasion occa lons sold to the hie company tile bleik bidd that lie he loewitus Loe I wits story as to how lie came into posses of the stamps was li it ue no W V F I 1 gregory of so nn 71 41 nassau street was ano alho seen in le ie ference clamps he had liesik of loewit but would nt not accept ills sunry that the he stamps lamps belonged to a I 1 u widow adow ile he said soon after the issue of ill the columbian s tamps bamps taci ps dealwis from all over the country tried to set get possession of as many tit of the bi elsh value hval stamps aa 89 possible in order to use list them for speculative purposes competition wax waa levei e and 1 I amoni among others sent agents out I 1 to buy u up p all tile stamps they could get hold of among the dealers at that ahn time 0 TV was as john calvert or 0 philadelphia lie he bought up nil hit the 32 and the 60 cent stamps he could obtain it at prices ranging its as high as 44 1 for the ta 2 stamps and 70 cents for the RO 50 cent issues lie he was waa willing to buy at advanced prices and dealers their opportunity vold sold him io ia stamps at an all immense profit calvert thought to make a corner in tho the market and to sell the stamps which would be unobtainable ex except ce pt through him at a laige laidre to dealers and collectors after securing all ihfe stamps lie h could find culvert was obliged to sell antl not wishing it to he be known that lie ho was mas thus obliged to get bet lid of 0 them lie placed tile the stamps on the market through other dealers ile he hold race many of the stam starn pl below the their r face value to dealers from whom he had bought them at advanced 1 prices r lees tile the that Io eilt eIt is a to dispose of are I 1 some homo or of those bought udby calvent Cal veit who Is stilt still living I 1 take no stock in alir widow end of the story new yolk tribune |