Salt Lake Tribune | 1909-08-11 | Page 11 | Tangled Finance in Heinze's Case

TANGLED FINANCE IN HEINZE'S CASE' Continued from Pago One. ' in his possession. Fifty thousand dollars dol-lars bail is not too much." Pcrsch was. arrested on statements made by .lohn Sherwood, another .note broker." He said that at Persch "s request re-quest ho procured the securities from ,tho trust company, after having obtained ob-tained the $50,000 for the purpose from L. J. Fields & Co.. dealers in curb stocks. He thought tho transaction en-, tirely legitimate and was ready to net for -a percentage. Ho exhibited orders from Persch to redeem tjie securities and to put them on the market. The foregoing features seem plain enough, but behind them is the myster of how Petsch knew where M. M. Joyce, representing repre-senting F. Augustus ITeinzo, placed the securities. While there is noihing to indicate that the bank is criminally responsible, responsi-ble, ?dr. Jo3-co says it was stipulated when the loan was made that the stock was to be pinned to his note and retained. re-tained. Shortly after, however, the securities se-curities appeared on the curb and an investigation in-vestigation began. The trust company says it was acting merely as an agent in' placing tho loans; and this agent now appears to have been Sherwood, representing young Persch, who in turn intimates that he was acting for some one above him.