Salt Lake Telegram | 1929-09-22 | Page 1 | Youth Confesses Bartering Away Half Million in Bonds for $1 Bill

I Yo Youth th Confesses Bartering Away Half Million in iii Bonds for 1 iIi Bill of United By Press Pre J JULIUS LI Staff S. S FRANDSEN Correspondent I NEW YORK Sept 21 Milton 21 Milton Milton- nAlter n- n Alter 17 year brokers broker messenger mes mu- unger stood stead revealed tonight la asa a aboy boy who bartered away half a. a million mil mu lion dollars dollars' worth of or negotiable securities for a new nw dollar bill and anda a vague promise that more wo would ld be given his 1111 father l Milton n 8 set t. t the time financial district disappearing on edge by b Pp With tho time he had been sent to to i reclaim after paying off oft a loan of his hill firm B. B V. V H COI Co at ata ata ata a bank J Late Lae to In the afternoon he called up tip tl from m Brooklyn 8 All night long Milton regaled d detectiVes detectives de de- de tB with a A. fairy story made I the thc more more i with numerous us variations varIations- ns JJ Ho had been J al Two nice Italians with a luxurious limousine and liveried chauffeur had hal done it It e drove drove round all und tO I eyen to tOok Jt him to to Je T Then they they had d dumped IJ Cd hl imil put lt in i he Ime hadn't culled called t to tg any ony o of t th the Innumerable traffic tlc CO cops aj qs the they 1 pas pal edl o Q k g made any at the mo I movies s Hour r OU-r t jour ibur ur of oc ci H nr i Continued on 1 pago 30 7 fa I Youth Co Confesses e s s Bartering art Away I Half Million in In Bonds for fot 1 Bill L Continued from rim I hOW however brought Mt MUton ton ar around urd to o another story stor A 4 Amatory story which Moed cemel more mOlO credible f A Aman A. A man manmed man named med med Jack Rosen os n W 10 who wio l had long suggested to Miltona quick qui k road to wealth ha h d In induced l cx him to tc part art vit with the half million bad given him hin a a. dollar and bad had cd him on sort what or of n a story astory story to tell teU So t tonight the tho W were search re search In ing for Jack R fl Rosen t sen rZ-i rZ or 2 25 years ears old Jd clean ciCan shaven vt and dark whom whom they envision as a master who mind may even have got Milton his Job for 01 t. t the purpose purpose- purpose of oC making use of QC him later Meanwhile the financial district pondered suggestions from Crom Police Commissioner Whalen Whalon that It ItIs Is ia altogether too careless in the thc sway wa way waIt V it permits boys bos to roam roam at large with fortune fortunes In their pockets The practice of permitting irre- irre irresponsIble VV boys boys' t to to- carry one halt million dollar of or n negotiable Ics lit be le stopped at at on once said J. J V The rho 1 boy oy In lI question e Uon Milton ir S Alter lad had no background ot roll and his salary of ot 15 15 per week did not warrant placing 1 in t Cor one one halt half million mUno dollars In negotiable securities I Police were vere interested t too jm Q l in Milton's story of or h How w lie got t his Ms l Job Jab lie He was working for tor ft lL J on on the tho cast side at 20 aw week a k he ht h bl but t there there- was no future In la that Wall Wail street wa was was' the tho place pines So So when he ho react read that Stewart Ed Edwards Ed- Ed wArds had bc bean n d. d to the th H. H V. V HI coc Sr Co ha Ita wrote wrote dm a J letter of at congratulation confessing ln lila Ills own yn financial am bilious and Hug suggesting that B U. U V. V 4 Co might b be hi in need heed of th the services of ot bright abright a youn That was WIlS only four tout w weeks ago age go and a II few ew days hays later Milton n w nt to 10 work Police thought they zm raw Jae JAC Jack Rosen's Bozena fingers in that pit pIe but Milton insisted his hla hiss his's s story vs 1 vai the ultimate one And true rue n