Show HEAD OF UTAH CONCERN NABBED Charles Dt Th I Arnold retired Milwaukee capitalist was arrest arrested d at his Pasadena Pasadena Pasa Pasa- dena Ca Cn Cal winter homo home today on a federal deral grand Jury indictment charging him as vice president and treasurer of the Delta Land and Water Vater company of ot having defrauded hundreds of or persons in the tho West of or more than through tho the misuse of or tho the mails mans ac according according according ac- ac cording to information reaching Salt Lake from Los Angeles this afternoon Although Arnold was the only official official cial to be taken into custody in California Call Cali fornia it is understood that other stocK stocK- holders have been named in the government government government gov gov- arrests I Imay probe and additional may bo be made later The governments government's probe of the rand land company's activities was made mado followIng following following follow follow- ing a a. suit nearly a year ago by eighty eighty- four ranchers for tor nullification of or their contract to purchase the land Tho The land alleged to have b been n sold Is situated in Beaver county Utah and ranchers claimed that in paying 30 per acre nero for it they also paid 70 an acre for the water rights or in fact tact they alleged the land was barren and unfit for development or cultivation Delta Land and Water Vater company officials daIs in Salt Lake today requested that the public withhold judgment in the matter of the indictment of ot tho the company's company's com corn pany's officers by the federal grand jur Jury until they can prepare preparo a statement statement statement state state- ment giving their side of ot the story story- George A A. Snow former vice president president dent said The public should remember that I the company has invested in I I reclaiming former barren land in Utah I The company's only hope of ot obtaining returns from this investment lies inthe in inthe in the prosperity of or the tho farmers on the tho landIn landIn land I In view of or the company's dependence dependence dependence depend depend- ence upon the colonists' colonists prosperity for forthe forthe forthe the company's advantage it should be plain that the company had bad no wish to defraud and has defrauded nobody |