Show WASFINANCIAL GENIUS Director of a German Concern Who Paid Fit Per Cent Dividends From Fictitious Profits Berlin Feb 15The trial or tho officers of the TreberTrocknune graindrying company of Cassol caused L very great sensation Tho newspapers filled many columns with details of the trial which brought out the history of tho companys meteoric career showing It to havo been n gigantic swindle from tho beginning though Director Schmidt succeeded In deceiving de-ceiving the board of governors until the crash came They regarded him as a financial genius and trusted him completely com-pletely while distributing i 0 per cent dividends from fictitious profits practicing practic-ing wholesale operations In financial bills hoodwinking the Lolpzelccr bank and his hoodwinkinG advances own overseers and making Immense vances The evidence Indicated that tho company never earned an honest dividend and that I was a humbug throughout even when Its shares were manipulated up to 1000 The concern was founded In 1SS3 with n capital of S50000 marks for utilizing tho waste products o breweries Later method It purchased t patent distilling which I proved worthless Nevertheless Herr Schmidt continued to hold the confidence dence of the public and was able to raise the companys capital to 200000CO marks In a dozen places ho established branch wood distilleries In all the leading continental nental countries not one of which made expenses Yet Herr Schmidt succeeded In launching rosecolored reports of tho companys business The overseers confessed con-fessed that they were so fascinated by Herr Schmidt that they trusted him I without any examination of tho affairs of tho company |