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The Evening Times
Washington, District Of Columbia
What is this article about?
Postoffice Inspector Fulton investigates B.H. Morse, jailed in Kansas City for fraudulently selling stock in a fake Alaska-Klondike company falsely claiming a North Carolina charter. No such company exists; officials prepare to testify. (187 chars)
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B. H. Morse in Jail at Kansas City on
a Charge of Fraud.
RALEIGH, N. C., Oct. 2.—Postoffice Inspector Fulton came here yesterday from Kansas City to see Secretary of State Cyrus Thompson, the Postoffice Department having discovered another fraud and having lodged the alleged swindler, one B. H. Morse in jail at Kansas City.
Morse sold stock in the "Alaska-Klondike Improvement and Manufacturing Company, capital $600,000; chartered by the State of North Carolina." He did a large business, his receipts being, for a great part, brought in by means of registered letters.
The inspector wanted to know if such a company held a North Carolina charter. He was told no, and that no person in the State had ever before heard of it. Two of the certificates of stock were shown. They are beautifully printed, being done in imitation of engraving, and are for $10 each. That was the denomination of all of them.
It appears that these certificates caught a great many widows and small investors. Morse, while doing so extensive a business in selling the stock in this bogus concern had not been caught at it. It is desired that the secretary of state go to Kansas City to testify against him. He may go, but if he does not, one of his clerks will do so. The Government is very anxious to convict Morse. The certificates are signed "John Mitchell, president; J. B. Morris, secretary."
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Where did it happen?
Domestic News Details
Primary Location
Kansas City
Event Date
Oct. 2.
Key Persons
Outcome
b. h. morse lodged in jail at kansas city on a charge of fraud; government anxious to convict him; secretary of state or clerk may testify.
Event Details
B. H. Morse sold stock in the bogus "Alaska-Klondike Improvement and Manufacturing Company, capital $600,000; chartered by the State of North Carolina." He did a large business, receipts via registered letters, targeting widows and small investors. No such company holds a North Carolina charter. Stock certificates are $10 each, beautifully printed in imitation of engraving, signed "John Mitchell, president; J. B. Morris, secretary." Postoffice Inspector Fulton came from Kansas City to Raleigh to confirm with Secretary of State Cyrus Thompson.