Ogden Evening Standard | 1910-09-13 | Page 7 | Get-Rich-Quick Man Arrested

GET-RlCH-QUiCK AH jUtRESTED CHICAGO, Sept. 12. W. 11. Hol-comb, Hol-comb, why as vice president of the l uiied Exchange, iapitalle.1 at $2V I'fm.inm, U charged with lolatlng the postal laws In tho alleged conducting 01 a "g'.-t rich quick" scheme, was bound over to the federal grand Jury today In londs of $.0', Postofflre inspectors , and former employes of tho company 'testified before United States Commissioner Foote that Holcomb's scheme was all-embracing. all-embracing. There are practically no assets bi longing to the concern. It Is alleged, except the vchenic Itself. Earl Smith, a use. toff Ice Inspector, testified tim" the picture of the company's com-pany's nllege.l office, printed on its literature, was really a likeness of a railway ticket ofiiee :n I. on Angelas ' Holi omb raid the bjg scheme Itself cnjtlt uted tho comp,ny's assets," testified Smith. According to the witness the company com-pany planned to farnish information on any subject anywhere; to conduct con-duct couutry-wlde railway and hotel advertising and. va national .system of garages; to accept sales agencies. 1o con luct tours ami many oilier enterprises. en-terprises. By cooperation of the agentJ in tho various linos the investor was told that the conip.any could furnish tie various services cheaper than individuals. indi-viduals. Holcornh is alleged to hae 1 sold considerable stock in the com- panv. ! l