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Show ANOTHER BOSTON BANK CLOSED IN PONZI CASE GET RICK QUICK ; EXPERT'S WIFE TO LOSE MONEY State Authorities Hold Her Wealth Was Obtained By Illegal Means i MRS. PONZI DECLARES SHE WILL STICK TO HIM Officials Determined Sensa-i tional Financier Shall Remain Re-main in Jail BOSTON", Aug 14 Bank Commls-loner Commls-loner Joseph C. Allen today took ; charge of the affairs of the Polish Industrial In-dustrial association conducting a private pri-vate bank at 37 Cross street in this Henry H Chmlellnak.!, president of the Hanover Trust company, tho chief depositary of Charles Ponzl, which was c losed last Wednesday by the- commissioner. Is president of the Industrial association Hank Commissioner Allen said that the loans of the association were either bad or of doubtful value and Iherej was virtually no cash left He said Its affairs were hopelessly Interwoven with th.-s. of the Hanover Trust com-p.inv. com-p.inv. The capital of the association la TB 776 an.l it had deposits of about 1350.000. BREAKFAST IN JUL. Ponzl ale his breakfast in the Middlesex Mid-dlesex county Jail in East Cambridge, a prisoner of the government In default de-fault of $25,000 bonds. Three officers of the Old Colony, Foreign Exchange company, a rival concern of Ponzl's Secrultles Exchange j rompan were prisoners of the commonwealth com-monwealth In default of $30,000 bonds each. Samuel Zorn. said to be an employe em-ploye of the Old Colony Foreign Exchange Ex-change company, was at headquarters awaiting a hearing on a charge of lar-cenj lar-cenj of $T00 from persons unknown Ttie three officers of tho company j held are Charley m Brlghtwell, president presi-dent and tre.-isurer, Raymond Meyers., office manager, and Fred Meyers, salos a K.-nt The men were held on technical tech-nical charges Of larceny of $500 from persons unknown. CAN'T lilTT OIT. Tonzi. whose bondsman surrendered surrender-ed him yesterday, was confronted with the alternative of remaining in federal custody or if be could find another bondsman, of being arrested again by tho commonwealth under a blanket Warren t charging him with larceny In .'..1 counts, totalling $24,000 The authorities were said to be determined de-termined that the sensational financier finan-cier should remain in custody to preserve pre-serve for his creditors whatever assets as-sets he may have and because of the i feai that he miht seek to dissipate or transfer them if out on bail Edwin, L. Pride, federal auditor of Ponzl's ac- counts, has placed the latter's known IllablUtles at $8,000,000 and Ponzl) Claimed ar.si !s of about $4,000,000 "I am Inclined to believe that a I great deal of monev collected by Pon- 7.1 and his agents has been deposited j In the names of others," Mr Prldo xnld. I H S MONEY. Referring to the possible transfer jof large sums by Ponzl to his wife Mr. Pride said: It cun be taken away from her and it will be. It does not belong 'o her. J It Is money that was obtained under i I fraudulent pretense to b- used for, I fraudulent purposes.'1 Ponzl withheld from his wife the news of his surrender by his bonds- , : man. Mrs. Ponzl re-asserted her faith I I in her husband "He is honest," she said, "and I will stay by him to the end " The second of the two petition--- th .' have been filed to have Ponzl adjudged I bankrupt was pending in the fed rol , ! court today. A petition for a reoelver to admlnls- ter Ponzi's affairs also has been filed. BOOKS l (.MINED. Examination of the books of the Hanover Trust company, was continued continu-ed today by members of Bunk Com- j I mlSSloner Allen's staff. Mr. Allen in I a statement said. I "Nothing has developed so far to j lead me to believe that the depositor ! will lose one dollar. The Hanover Trust company Is the only trust company: In New England that Is Involved." The financial district was concerned yesterday when a Bmall run wis ms Is ion several trust companies, bu: there! w'.-ts no Indication today of a comi'i-l uance of withdrawals. Mr. Allen has caused the stite seal to be placed on all safe deposit boxes In the Hanover Trust company m J by Pond or officers or employes of j the bank as a precaution against tho 1 possible removal of securities. M IDE BIC, CLAIMS The Old Colony Exchange company I was organized July 10. it offered to pay 100 per cent In six months n investments in-vestments and claimed to be dealing in foreign men handlse Atorney. General Gen-eral Allen said that he knew ttmt the company had sent large sums abroad The office was closed after 1 frenz'-ed frenz'-ed run yesterday. Doors and windows wore smashed, threats wers made against Brlghtwell and a detail of po- (ContLnucd on Pago Two.) oo Ge Rich Quick Expert's Wife to Lose Money (Continued from Page One) lice was required to handle the crowd. An involuntary petition in bank-iuptc bank-iuptc directed against three officers of the Old t'olony Foreign Exchange company was filed todu) b three petitioners. pe-titioners. At the same time another petition for the appointment of a receiver foi I'onzl and his Securities Exchange company was filed. A hearing was ordered or-dered for next Tuesday. Samuel Zorn an agent for the Old' Colony Ferelgn Exchange company, who was arrested yesterday, pleaded not guilty today to a charge of larceny lar-ceny of $300 and was released under ?OQ0 bonds, 1IC said he hud been I working for the Conip:.n onlv two days. |