Salt Lake Telegram | 1924-03-01 | Page 1 | Peter Declares Stock Sales Are Legitimate

Peter Declares Stock StockS S Sales Saes Are Legitimate NEW EW YORK March 1 Charles Charles Peter the mystery millionaire lre o of the West will answer a II charge o of grand larceny in InV Williamsburg V police co court rr on March 7 Peter w Was Wa a n a m s1 tc cher when became he be came from G Germany rm r y sixteen years cars ago aga J IJ He is is reputed d to be he very wealthy in Salt Lake City Utah I wh where re he he- resides S peter Veter Roeder eI of oC Ridgewood woOd has brought ht a d double uble I charge against Peter o of sel selling mining stack under false pretenses pre pre- pre pre- tenses filing it in two different counties The defendant has provided pro pro- vided 1500 1600 and bail ball on on the two cases cases itt At itta Ata At a suite in tho the Waldorf- Waldorf Astoria hotel today Peter further revealed himself In a plaited pink shirt and flowered suspenders I x am a man of or big ideas I not hidIng hid hid- believe o In hard work and Ing behind the tho stove I have a future he said masticating a cigar butt tenderly there is no doubt about that The mysterious I isa is Ii Iia s sa a dapper man of or 38 years o of age j with a close cropped mustache and hair parted in the tho middle Hd lId wears wears nose glasses and speaks with a German accent Pete has been engaged In minIng mining min mm- ing activities In the W West st for fourteen years nine of them having having hav Mv- ing been spent In the tho development of at the Mascot Mines 1 at Halley Hatley Idaho o of which he Is la president and general manager Its capitalization Is it according according according ac ac- ac- ac cording to Peter with wIt shareholders shareholders shareholders share share- holders of common stock The promoter announced that they were Just juet beginning to ship silver or ore lie He also admitted they had not paid any dividends en s on on the i Invest st- st ment although the mine ha has been In operation since 1921 I Roeder the complainant asserts Peter Induced his family to si sink k their savings In his property Roeder Roeder Roe Roe- I der bought worth o of stock Mr and Mrs Louise Ritter purchased our pur chased o of it and other relatives relatives rela rela- pur-I pur tives thes swelled the fund to S Mrs 1 Ritter said today that the mystery millionaire with his fine manners had explained to them he be wanted to Just make it a family affair And all the friends that fell for his talk aint our friends no longer longor long long- I er or she said It H is reported that Peter std sold worth o of stocks to other people in Ridgewood Most of his list o of stockholders ers have G German names A copy of or an audit of the Mascot Mining company's books made in 1922 show Peter as re receiving receiving re- re for tor promotion ex ex- ex The mystery ry millionaire Is suave and cultured lIe He plays playa the violin composes and is keenly In Interested Interested interested In- In In psychology psychology particular particularly particular particular- ly y so he saya aYR