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Show 4 Great Western Petroleum Alii Al-ii leged Sold Under False 1 Representation. NEW YORK, Juno 24. With tho it breaking of seals today on lndictmontu y charging fourteen concerns and fifty 3 Individuals with fraud, government 3 agents let It become known that they 3 had bogun a nationwide roundup of j , alleged wildcat oil company pro-t pro-t ' motcra, who are said to have swindled ! the public out of millions within the 3 ; last few months. The dofendnnts oil companies, brO-' brO-' kerago concerns and their officers and salesmen nro charged with having hav-ing used tho malls to defraud. They are alleged to have made gross misrepresentations mis-representations and to have In some . cnso3 paid impressive divldonds out of receipts of stock saleH. ! In one case, the indictments ! charsed, .'salesmen disposing of stock . of the Crown Oil company falsely represented rep-resented that a son of former Prenl-dont Prenl-dont Roosovolt was an of floor of the company, which It was claimed would soon rival the Standard Oil company in volume of business. I Sharles of this company, according I to one of tho Indictments,, wore sold to investors in Chicago at $2.25 a share, and to "ovadc the western blue sky law," later were disposed of hero at $3, after costing brokers only 7 scnts a share. Whilo federal officers wore seeking Louis V. Van Riper at Atlantic City and Boston for alleged connection with the sale of Ranger oil stock, the promoter and his counsel appeared at I the federal court to answer tho indictment. indict-ment. Bull was flxod at $20,000 after the prosecution had sought to havo the amount fixed at $50,000. Van Rlper's counsel, Martin w. Llt-i Llt-i tleton, pleaded the latter sum was ox-; ox-; cesslvo and would be tantamount to punishment, contending that a bond of $5,000 was the usual ball in mail irauu cases. NEW YORK, June 24. -The indictment indict-ment against tno Ranger Oil company and others charges that Curtis, Pack-i Pack-i or & Co., by misrepresentation, sold to Investors at moro t-tn one dollar a I share 1,000,000 shares, which they arc said to havo bought at 20 cents. It also Is charged that a brokerage firm, of which Ashley L. Holbrook was said to be tho president, and with Louis C. Van Riper, Charles K. MOr-i ton and John L. McLean "were connected," con-nected," represented that new wells were being drilled on the Ranger I property when effort to procure oil there had been abandoned. The United Securities company, of which Van Riper was said to be president, presi-dent, is charged' with disposal of ?300,-000 ?300,-000 worth of Ranger stock. In tho indictment concerning dls-. posnl of YV. P. Willams' oil stock, John J. Kcan, Thaddeua M. Rice. Edward S. Hinshaw. J. . Sanders, W. c. Eyle I and Henry M. Shumate, said to be directors, di-rectors, wore indicted with Joseph H. ' Byrd, alleged promoters of Lexington, I Ky., and II. .Morgan. Polio k & Co.,! Thompson. James fc Co.. and Cross-' man, Sherman A: Co. of Now Yoi-k, I and Stickney, Rawlinson & Colcloughl of Boston. Brokers Indicted Individually. II. Morgan Pollock and partners In tho brokerage firm of William H. Day' and Danlei H. McKetterick alao were1 Indicted Individually, with W. E. Hef-i fron of Thompson, James & Co., Rob- ort Stickney and John V. Colclough of i - - . . v i 1 I C.U1IULI i Grossman here. ' , j Other shares of tho Williams stock' were said to have been disposed of to' Investors through II. Kont Holmes & Co., and Salesman Edward A. Nelson, i Jack A. Nelson, W. A. Havlln and I Frank Werner, all defendants. ! The Indictment states that Williams'' property was misrepresented as vleld-' Ing GOO barrels of oil a day, whflo its! (total daily capacity was but ten bar-' ! rels. It is charged that "dividends" ! I totalling $120,000 were paid out of J H. 000, 000 realized from disposal of tho stock to investors. Total oil production pro-duction of the Williams property I amounted, to only $20,000 worth, it is charged. Corporation Misrepresents Stock. Concerning the Great. Western Petroleum Pe-troleum corporation, the stock of!' which was said to havo been disposed ' of through George & Lamb & Co., the i i indlccment charges with misrepresent-! ' ation the Great Western company. ! j Lamb and Salesman Samuel Formund, David Rothenslos. Joseph Schoenbor-1! ger, Samuel Newhouse, Maurice M. : Goldberg, George de Ujfalussy, Victor Fuzy, H. T. Pyke, M. Klein, Charles Frledberg and H. Gramburt. According to the Indictment, George, i A. Lamb & Co. bought Great Western Petroleum stock for $1 to $2 a share, ,t and tfcen disposed of It to Investors at ( $5 on false representation that tho oil' i company was paying dividends of 12 1 ; I oo |