Show l NEW SCHEME OF SWINDLERS Jewelers of Various States Robbed to the Extent of Several Hundred Thousand Dollars Now York Details of what Is described de-scribed as one of the most gigantic Jewelry frauds of recent years with merchants of many of the larger cities as tho victims were given out In New York Tuesday nIght In u 1 formal statement state-ment Issued by M 1 D Rothschild president pres-ident of the Jewelers Hoard of Trade an organisation of Jewelers all ovor the country Tho losses are estimated to ditto at 500000 l and a full Investigation It Is said will greatly Increase those figures fig-ures Some estimates of the loss range as high as 2000000 The statement says nine men have been arrested In connection with tho alleged conspiracy and Mr Rothschild explained that an appeal was made direct di-rect to President Taft by businessmen business-men concerned und through the presidents presi-dents Intervention Attorney General Wlckersham took the matter up and had an Inquiry conducted by government govern-ment agents I Tho scheme was to buy Jewelry throughout the country and ship It to Montgomery Alabama After that the reports say dummy packages were sent from a Montgomery firm to other stores controlled by It Those wore then credited as tho real shipments of valuable goods and so listed Tho stores were then set on fire It Is alleged al-leged and tho dummy packages were listed as lost assets by the firm In bankruptcy proceedings |