John L. Schuyleman, promoter of stock for Clark Wireless, made a public accusation that the price of United Wireless stock was vastly inflated, and that company was also guilty of multiple frauds. Fred S. Stewart, promoter of United Wireless stock, counter-charged that Clark Wireless stock was completely worthless. Both sets of charges turned out to be true, and within the next two years, top officers from both United and Continental Wireless (which in a few months would absorb Clark Wireless) would start serving prison sentences. The unfortuate holders of United stock eventually got back a small fraction of their money when American Marconi took over. But the even more unfortunate Clark Wireless shareholders would get nothing.

The dispute between these two shady stock promoters resulted in Schuyleman being accused of two crimes by Stewart -- first of illegally opening mail intended for United Wireless, plus criminal libel against the company. However, in both cases a grand jury ruled that there was insufficient evidence ("not true" and "untrue" bills of indictment) to even put Schuyleman on trial.

 
Morning Oregonian, October 6, 1909, page 13: (http://oregonnews.uoregon.edu/lccn/sn83025138/1909-10-06/ed-1/seq-12/)
 
Clark Wireless station at Detroit Journal

Morning Oregonian, October 19, 1909, page 16: (http://oregonnews.uoregon.edu/lccn/sn83025138/1909-10-19/ed-1/seq-16/)
 
UNITED  WIRELESS

Stockholders  are  urgently  requested  to
immediately  communicate  with  us,  as
we  have  information  of  the  utmost  im-
portance  to  impart  to  you  at  once.  702
Oregonian  bldg.,  Portland  Or.          **

Morning Oregonian, October 21, 1909, page 16: (http://oregonnews.uoregon.edu/lccn/sn83025138/1909-10-21/ed-1/seq-16/)
 
STOCKHOLDERS  WARNED.

United  Wireless  Stockholders  Are Warned  Against  Vicious  Statement.

    Stockholders  are  cautioned  about  plac-
ing  any  credence  in  vicious  and  unsup-
ported  statements  by  parties  whose  mo-
tive  in  discrediting  United  Wireless  stock
is  for  the  purpose  of  obtaining  said  stock
for  personal  traffic.  The  United  Wireless
Company  has  not  authorized  any  ex-
change  of  stock  with  Clark  Wireless  Tele-
graph  Company,  either  on  a  basis  of  15
shares  of  Clark  Wireless  stock  for  one
share  of  United  Wireless  stock,  which  the
Clark  Company's  agents  offer,  or  any
other  basis  of  exchange  whatever.  F.  S.
Stewart,  Fiscal  Agent,  410  Corbett  Build-
ing.  Portland,  Or.                          **

Sunday Oregonian, October 24, 1909, Section 3, page 10: (http://oregonnews.uoregon.edu/lccn/sn83045782/1909-10-24/ed-1/seq-34/)
 
UNITED  WIRELESS  STOCKHOLDERS
WARNING!
    STATE  OF  OREGON,}
COUNTY  OF MULTNOMAH  ss.
      I, A. Staiger, of 292 Washington St., Portland, Or., being duly sworn, depose and say that I am the owner and holder of ten shares of preferred stock of the United Wireless Telegraph Company;
      That on or about the 18th day of October, 1909, noticing an advertisement in The Portland Morning Oregonian, headed "United Wireless," requesting United Wireless stockholders to call at 702 Oregonian Bldg., Portland, Or., for valuable information, called at the above office number and was met by Mr. John L. Schuyleman, general agent of the Clark Wireless Telegraph-Telephone Co.
      That in the course of our conversation Mr. John L. Schuyleman personally offered to exchange stock in the Clark Wireless Telegraph-Telephone Co. for my stock in the United Wireless Telegraph Co., on the basis of fifteen (15) shares of Clark stock for one (1) share of United Stock, this offer of exchange being made to me voluntarily by Mr. John L. Schuyleman, general agent of the Clark Wireless Telegraph-Telephone Co., in the offices of said company.
        
 SEAL.
Subscribed and sworn to before me this 23d day of October, 1909. (Signed)          A. STAIGER,          
(Signed,         J. H. DEVLIN,          
Notary Public for Oregon.

      This office has recent information that agents of the "Clark Wireless Co.," in an effort to sell their stock, OR INDUCE HOLDERS OF UNITED WIRELESS STOCK TO SELL THEIRS, have been circulating the most absurd reports about the said UNITED CO. and its management.
      It seems hardly necessary to note these derogatory statements, in view of actual conditions, and our only reason for doing so is to protect our stockholders.
      They state that the UNITED CO. is nearly bankrupt, and cannot last long. The provable fact is that the UNITED CO. was never so prosperous as at present. We are building more stations and earning more money than ever before ($70,000 per month). Our three factories are running to full capacity. We have recently started in ENGLAND, have a large force of men at work, with a number of contracts already secured. The Company has plenty of money in the treasury, bills are paid monthly, and we have NO DEBTS. Both R. G. DUN & CO. and BRADSTREET verify this statement.
      The Clark Co. has been in business for about six years having been reorganized several times. During five years they had a clear field, on the Great Lakes, with no competition; yet the Government report gives them only six stations and as many boats. The Clark Co. states in their pamphlet that $150,000 has been expended on the work--which is certainly a huge cost. They also state that "about 700,000 shares" have been issued. They state that they have no promotion stock so that these 700,000 shares must have been SOLD. This amount of stock at the par value of $1 per share, amounts to $700,000. They have spent $150,000--where is the other $550,000?
      Last March the UNITED CO. opened up business on the Great Lakes. In 60 days we built more stations and equipped more boats than the had built or equipped in six years. Up to date, we have 17 stations and 30 ship equipments on the Great Lakes, and we are still building and equipping. So much for the Great Lakes field.
      They have no stations on the Atlantic, Pacific or Gulf Coasts. The UNITED CO. has over 100, nearly 50 of which are on the Pacific Coast, and we have put both the "Pacific" and the "Massie" wireless companies (who were both doing business on this Coast 2½ years ago) out of existence. Our UNITED stations on the Pacific Coast handled over 22,400 commercial messages during August, 1909. Against this splendid record of WORK ACTUALLY DONE, you are asked to accept the unsupported statements and airy promises of the Clark Co. and their agents.
      At the last reorganization of the Clark Co., their charter was taken out under the laws (?) of ARIZONA, instead of MICHIGAN, as before. We do not know why--or care; yet it is impossible to overlook the fact that ARIZONA (and until very recently, NEVADA), is notoriously favorable in its laws (or absence of laws) to the incorporation of wildcat or questionable enterprises; as the attached copy of an advertisement of the "Stoddard Incorporating Co.," of Phoenix, Arizona, taken from the "Pacific Monthly" for August, 1909, on page 214s, clearly shows. As a comparison, the UNITED CO. is organized under the laws of MAINE, which is known as one of the strictest states in the Union, with regard to the formation and operation of corporations.
      Much is made by out enemies of a certain so-called financial paper--the "Financial World," which for two years has been publishing the most vicious and scurrilous slanders about the UNITED CO. and its management. Upon request, will mail you a copy of the "MINING AND ENGINEERING REVIEW," of San Francisco, Cal., issue of April 3, 1909, which will give you the character of the "Financial World" and its editor much better than we could. We will also send, if you wish, copies of R. G. DUN & CO. and BRADSTREET MERCANTILE REPORTS on both the UNITED and the Clark Companies, and other authoritative data.
      Finally JOHN L. SCHUYLEMAN, the general agent of the Clark Co., for Portland and vicinity, has been with that company for only a few months. Previous to his connection with them, AND DURING MOST OF HIS TIME SINCE, he has been engaged as a curbstone broker, in persuading holders of UNITED WIRELESS stock (through misrepresentations) to sell or turn over to him, OR TO BROKERS WORKING WITH HIM,
          
their stock certificates, at about the same figure that same had cost them. Having secured the stock by running down the UNITED CO., their tune was changed, and the stock was RESOLD to other persons, AT A PROFIT, WHICH WAS DIVIDED BETWEEN HE AND THE BROKER. The sale of "Clark Wireless" stock has been a side issue with him. His main object has been the getting hold of UNITED WIRELESS stock as cheaply as possible, to resell it at a profit.
      He has recently advertised in the Portland, papers, asking UNITED WIRELESS stockholders to call at his office in the OREGONIAN building, for important information. Persons who have gone to see him, inform us that after a lengthy abuse of the UNITED CO. and its management, and his assurance that Clark Wireless stock "is very much more valuable than UNITED stock," he ends his argument with AN OFFER TO EXCHANGE 15 SHARES OF CLARK STOCK FOR ONE SHARE OF UNITED. At the Clark Company's price of $1.00 per share, this would be equal to buying UNITED stock at $15 per share, which he could readily resell at $30 per share, since the UNITED company's price is now $35. This clearly shows his brokerage scheme to make money by dealing in our stock.
      He has advertised that the Clark Company will at once build ten 25-K. W. stations on the Pacific Coast, which will operate for from 500 to 1000 miles at any hour of the day or night. Just how a company which the mercantile agencies describe as having judgments for $67.95 and $59.35 rendered against them is going to erect such a string of stations is not quite clear. The instruments for the Portland station are supposed to be on the way; and Clark was to have been here on October 15th, to superintend the construction. We will deposit with any bank or newspaper in Portland, $1000, Mr. Schuyleman to deposit $500. If the Clark Company has in commercial operation, by January 1, 1910, on the Pacific Coast, a wireless station capable of sending messages from 500 to 1000 miles at any hour of the day or night, we will forfeit our $1000. If the Clark Company does not have such a station by that date, he is to forfeit his $500.
      Also, as soon as our Perkins Hotel station is completed and turned over to the operators, we will give Mr. Schuyleman an opportunity to pay that $100 for a 100-word message transmitted direct to Astoria--but we will insist that the $100 be put up before the demonstration is made. Meantime, the interested public is invited to test the service of the UNITED WIRELESS Pacific Coast stations, day or night.
      We trust these facts will clear the air somewhat. DO NOT BE LED TO DISPOSE OF YOUR UNITED STOCK. MAKE THEM PROVE THEIR STATEMENTS AND CLAIMS, and if any further information is desired, write or call at this office.
                          Yours Very Truly,F. S. STEWART.          
Fiscal Agent, Oregon, Eastern Washington and Idaho, 410 Corbett Building, Portland, Oregon.
    The following is a copy of the advertisement appearing in the August, 1909, issue of the "PACIFIC MONTHLY," on page 214s, which is referred to in the above letter:
INCORPORATE  IN ARIZONA.Costs less than elsewhere.          
Advantages are worth thousands.    
      "No tax in Arizona. No stock subscription's required before incorporating. Any kind of stock may be issued and paid up in property, services or leases. Transact business anywhere. Stockholders exempt from company liability. NO PUBLIC STATEMENT AND NO BOOKS NEED BE KEPT FOR PUBLIC INSPECTION ANYWHERE, IF INCORPORATED IN ARIZONA. President Stoddard, FORMERLY SECRETARY OF ARIZONA, was for years officially, in charge of incorporating business and is resident agent for many thousand companies. All blanks, law, by-laws and particulars free. Companies incorporated on receipt of reasonable deposit on account, and telegram stating name, capital, shares, time annual meeting and authorized debt.
      References--any bank in Arizona."
STODDARD  INCORPORATING  COMPANY,
Box  8E,  PHOENIX,  ARIZONA.

 

UNITED  WIRELESS  EXPOSED

    A wireless concern, which calls itself "United Wireless," and which is little more than a shipwrecked DeForest Wireless revamped, has sold, I am informed, over One Million ($1,000,000.00) Dollars of its WATERED SECURITIES to the people of Oregon, at prices ranging from $10.00 to $35.00 per share.
    This stock is sold by a horde of deluded agents upon the most flagrant exaggerations, misrepresentations and falsehoods.
    In exchange for about One Million ($1,000,000.00) Dollars in hard-earned cash, Oregon people can now boast of having about ten (10) small wireless stations, which can be duplicated for Ten Thousand ($10,000) Dollars. And what makes matters worse, these stations, I am informed, are not even earning their operating expenses, let alone earning any dividends to pay on Seventy Million ($70,000,000.00) Dollars, the present selling basis.
    The money collected in Portland alone, I am informed, would build ten times the stations now in the entire State of Oregon.
    Eastern financial magazines have for months denounced this GIGANTIC FRAUD as a rank swindle and estimate (taking the United Wireless' own financial statement) that this stock is not worth even $1.45 per share.
    United Wireless stockholders need not look beyond the State of Oregon to see what their company is doing.
    I made a public offer, published in the Portland papers, offering One Hundred ($100.00) Dollars for a 100-word message to be sent from the Perkins Hotel station, at Portland, to Astoria direct, an air line district of about 75 miles. So far my offer has NOT been accepted.
    When this MONUMENTAL FRAUD IS EXPOSED, the faith of hopeful investors in these next to WORTHLESS SECURITIES will receive a jolt to which the San Francisco earthquake will seem a mere tremblor.
    To you whose money has been obtained by the grossest misrepresentations and fraud, the LAW will tell you what to do.
    It will either mean for Fred S. Stewart and Geo. H. Parker, the unscrupulous promoters of this enterprise, to "cough up" or go to jail.
    I am ready to help you in every way to bring these men into the court and put them where they belong. John L. Schuyleman, 701-2-3 Oregonian Bldg.
Advertisement.    

Morning Oregonian, October 26, 1909, page 12: (http://oregonnews.uoregon.edu/lccn/sn83025138/1909-10-26/ed-1/seq-12/)
 
AN  OPEN  LETTER

To   John   L.   Schuyleman   General
Agent  of the  Clark Wireless  Tel-
egraph     Telephone     Co.

(With  apologies  to  the  public.)
    Sir:--In  recent  issues  of  the  local
papers  you  have  made  certain  scurvy,
scurrilous  statements  regarding  my
personal  character  and  veracity  and  al-
so  reflecting  upon  the  company  which
I  represent.
    Your  known  lack  of  reputation,  so  in
keeping  with  your  screeds,  coupled  with
your  financial  irresponsibility,  makes
prosecution  needless  and  useless.
    I  write  you  to  make,  through
the  columns  of  the  local  papers,
specific  and  definite  charges  against
myself  or  the  company  I  repre-
sent,  but  be  definite  and  specify.
Do  not  say,  "I  am  informed,"  or,  "it  is
stated,"  as  you  do  in  your  advertise-
ments;  be  prepared  with  authoritative
proof  not  with  proven  blackmail-
ing  sheets,  such  as  "The  Financial
World,"  which  is  your  Bible,  and  the
vicious,  libelous  and  absolutely  false
statements  of  which  constitute  your
"Confession  of  Faith."
    United  Wireless,  as  a  good  invest-
ment,  is  a  matter  of  personal  and  indi-
vidual  judgment.        Brainy  lawyers,
shrewd  business  men  and  conservative
bankers,  who  long  ago  investigated
United  Wireless,  are  today  satisfied
stockholders.  There  are--not  100  miles
from  this  office--brainy  lawyers,
shrewd  business  men  and  conservative
bankers  who  would  absolutely  refuse
to  give  you  clean  clearance  papers
for  your  future  voyage  through  life.
The  public  is  referred  for  your  record
to  the  Mercantile  Agencies,  or  anyone
who  knows  you.  
    We  have  prevented  your  nefarious
scheme  of  defrauding  our  stockholders
by  your  offers  to  exchange  15  shares  of
Clark  Wireless  stock  for  one  share  of
United.  We  have  notification  at  this
office  that  your  much-vaunted  Clark
Wireless  stock  can  be  bought  in  New
York  at  35  cents  per  share,  which  is
probably  the  price  you  are  paying  for
it.
    Mr.  Schuyleman,  you  have  made  a
big  noise  in  Wireless--of  the  sort  got-
ten  from  a  bass  drum.  There  is  no
more  harmony  to  your  statements  than
to  the  music  of  a  bass  drum--they
come  in  spasmodic  throbs,  like  the
"booms"  of  a  bass  drum;  and,  Mr.
Schuyleman,  to  a  person  of  intelligence
and  discernment  you  are  just  as  hollow
as  a  bass  drum.
    Stockholders  are  invited  and  urged  
to  call  on  John  L.  Schuyleman.  You
have  become  our  "one  best  booster."
    F.  S.  STEWART,  Fiscal  Agent,  Ore-
gon,  Eastern  Washington  and  Idaho,
410  Corbett  Building,  Portland,  Or.
                         Advt.
      
UNITED  WIRELESS

    Stockholders,  pay  no  attention  to  the
false,  exaggerated  misleading  statements
made  by  FRED  S.  STEWART.  I
KNOW  that  the  "United"  Wireless
is  a  RANK  FINANCIAL  SWINDLE.
If  you  will  take  the  BRAINIEST  LAW-
YER,  the  SHREWDEST  BUSINESS
MAN,  or  the  most  CONSERVATIVE
BANKER of  your city,  and come  to me,
I  will  show  this  MONUMENTAL  FI-
NANCIAL  FARCE  up  to  you,  or  pay
your  expenses  to  Portland  and  return.
    NOW  then,  it  is  UP  TO  YOU.
               JOHN  L.  SCHUYLEMAN.
    Adv.             701-3-3  Oregonian  bldg.

Morning Oregonian, November 18, 1909, Page 6: (http://oregonnews.uoregon.edu/lccn/sn83025138/1909-11-18/ed-1/seq-6/)
 

OPENING  MAIL  OF  RIVAL  IS  ALLEGED
__________

J.  L.  Schuyleman,  Manager  of  the  Clark  Wireless  Company,  Faces  Federal  Charge.
________

UNITED  IS  COMPLAINANT
________

Accused  Man  Arrested  at  Athena  for  Return  to  Portland  His  Plight  Result  of  Long  War  Between  Concerns.
____

    ATHENA, Or., Nov. 17.--(Special.)--John L. Schuyleman, manager of the Clark Wireless Telegraph & Telephone Company, was arrested here this morning by Town Marshal Gholson, on complaint of officials of the United Wireless Telegraph and Telephone Company. They allege that Schuyleman opened mail directed to them and used what information he obtained therein to calumniate the United Wireless Company. It is understood the warrant for Schuyleman's arrest was given by the United States Court in Portland, indicating he is accused of violating a Federal statute.
    It appears that Schuyleman's plight is the result of keen rivalry between the wireless companies. Schuyleman, in recent advertisements, it is said, accusing the United Wireless Telegraph & Telephone Company of selling stock under false representation. It is also alleged that he accused the United Wireless of selling stock at $35 a share when brokers in Boston are asking only $4 for the same stock.
    Town Marshal Gholson arrested Schuyleman as he was leaving for Pendleton and put him under the care of Oliver Dickison, who accompanied him to Pendleton, where he was taken charge of by Sheriff Taylor.
__________

FEDERAL  LAW  IS  INVOKED
____

Schuyleman  to  Be  Brought  Here  to  Face  United  States  Court.

    John L. Schuyleman, local manager for the Clark Wireless Telegraph Company, who was arrested in Pendleton Tuesday night, will be brought at once to this city to answer a charge of having opened mail belonging to the United Wireless Telegraph Company. The complaint against Schuyleman was filed by F. S. Stewart, fiscal agent for the United Wireless Company, and is in conformity with a state law, and not a Federal law.
    According to a statement made by Stewart last night Schuyleman inserted an advertisement in the local papers, which was misleading, and resulted in having mail addressed to his office that was intended for the United Wireless Company. Schuyleman is accused of opening this mail and writing to the people who sent it, who happened to be stockholders in the United Wireless Company, asking them to trade their stock for stock in his company.
    It was intimated by Stewart last night that other charges are to be filed against Schuyleman, but the exact nature of those he refused to outline.
    Deputy Constable Gardner left yesterday afternoon for Pendleton to get Schuyleman, and he will probably return tonight or tomorrow with him. There has been considerable local rivalry between the two wireless companies, but not until Tuesday did it threaten to get into the criminal courts.
__________

NABBED  AT  PENDLETON,  TOO
____

Friends  Supply  Bonds,  Schuyleman  Escapes  Jail  Cell.

    PENDLETON, Or., Nov. 17.--(Special.)--J. Schuyleman, a representative of the Clark Wireless Telephone Company, who has been selling stock in this vicinity for the last two weeks was arrested this afternoon by Sheriff Taylor acting on information from Portland. He was not locked up, however, as he had local friends who went on his bonds.
    It seems he is charged with opening mail which belonged to the United Wireless Company, officers of which are the complainants. The arrest is the culmination of a controversy existing between the two companies in Portland for several weeks.
Morning Oregonian, November 27, 1909, page 7: (http://oregonnews.uoregon.edu/lccn/sn83025138/1909-11-27/ed-1/seq-7/)
 
SCHUYLEMAN  IS ARRAIGNED.

Wireless  Promoter  Held  for  Opening  His  Rival's  Mail.

    J. L. Schuyleman, Pacific Coast manager for the Clarke Wireless Telegraph Company, was arraigned before Justice Olson yesterday afternoon and bound over to await the action of the grand jury in $1000 bonds on account of a charge brought against him of opening mail addressed to the United Wireless Telegraph Company.
    The charge was brought because of an advertisement placed in the papers which was misleading in its effect, and a number of letters were addressed to the United Wireless Telegraph Company at Schuyleman's office number. Two witnesses testified before Justice Olson they had seen Schuyleman open letters addressed to the rival company, and in the face of this positive testimony the judge said it was his duty to hold him. Schuyleman was formerly an employe of the United Wireless Telegraph Company, and it is said has been a bitter rival against his former employers.
Morning Oregonian, February 3, 1910, page 15: (http://oregonnews.uoregon.edu/lccn/sn83025138/1910-02-03/ed-1/seq-15/)
 
Court  Notes.
    E. F. Noland was indicted by the grand jury yesterday for assault and battery on G. W. Wilson. January 27. This was one of six indictments, five of which are withheld from publication. A not true bill was returned against John L. Schuyleman, accused of having unlawfully opened a sealed letter on October 25, 1909, addressed to the United Wireless Telegraph Company.
    Sarah Malone has filed in the Circuit Court a divorce suit against Thomas E. Malone, charging him with having deserted her November 27, 1908. They were married November 2, 1907.
    The Oregon Wood Distilling Company brought suit in the Circuit Court yesterday to recover $472.55 from J. C. O'Gorman, a balance alleged to be owing on $2466 worth of charcoal furnished O'Gorman between February, 1907, and February, 1909, and for the mending of 5660
Daily Capital Journal (Salem, Oregon), January 26, 1910, pages 1, 4: (http://oregonnews.uoregon.edu/lccn/sn99063957/1910-01-26/ed-1/seq-1/, http://oregonnews.uoregon.edu/lccn/sn99063957/1910-01-26/ed-1/seq-4/)
 
SCHUYLEMANN  LIBEL  CASE  ON  TRIAL
__________

Charged  With  Publishing  an  Advertisement  Derogatory  to  United  Wireless  Company.
__________

IN  THE  OREGON  JOURNAL
__________

John  L.  Schuylemann,  the  Defendant,  Tells  Some  Interesting  Facts  About  the  Wireless  Controversy--Says  There  Are  Two  Sides  to  Every  Question.
__________

    The preliminary examination in the case of the State against John L. Schuylemann, charged by Fred A. Stewart, of the United Wireless Company with the crime of libel, is being heard this afternoon before Judge Webster. The libel is alleged to consist in the publication by the defendant of an advertisement in the Oregon Journal derogatory to the business of the United Wireless Company, and the case is attracting considerable attention. The state is being represented at the hearing by Deputy District Attorney Winslow, and the defendant is being represented by the law firm of Carson & Brown.
Schuylemann  Talks.
    "There are two sides to this wireless controversy," said John L. Schuylemann, when interviewed with relation to his side of the case this morning by a representative of the Capital Journal, "and so far the public has been given the impression that I am the offender.
    "Eastern financial magazines of unquestioned standing," he continued, "such as the United States Investor, of Boston, The Financial World, of New York and the Denver Times, of the West, have for months ridiculed the representations made by the United Wireless crowd, and have repeatedly raised their voice in warning to the investing public.
    "In 1907 I was induced, upon representations made to me, to take up the sale of the United Wireless stock, and it was then selling at about $10 a share. I was led to believe that the United Wireless owned 51 per cent of the English Marconi Company, and had an income from commercial business sufficient to pay 7 per cent supposed to be guaranteed on the preferred stock. I can produce a number of witnesses who will testify to similar representations made to us by George H. Parker, the principal promoter of this enterprise on the Pacific coast, besides letters and circulars, in which similar claims were made."
    "In 1909, at the solicitation of several people who invested in United Wireless through me, I made a trip to New York, and found that things had been misrepresented to me. I was informed that the company was not even earning its operating expenses; that the consolidation with the English Marconi Company was a mere myth; that wireless instruments were sold to the United States government in competition with other companies, and that the United Wireless Company received no rentals from this source whatever, instead of $100 per month for each equipment for battleship and revenue cutters, as had been represented to me; that the number of men employed in their factory was about eight, instead of 300, and that the preferred stock had no guarantee of any interest, except upon the condition and in the event that the company earned a surplus over and above the salaries and operating expense.
    "I had been acting as general manager for California for some time. C. C. Wilson, the president of the United Wireless knew that on account of many misrepresentations made to me by Geo. H. Parker, of Seattle, considerable ill-feeling had been created, so I was offered the management of Chicago, together with six or eight states about the lakes. The company offered to double my commission, and I received the personal assurance of C. C. Wilson, the president of the company, that I could "clean up" at least $75,000 in two years' time.
    "I took the matter under advisement, and concluded that I could have nothing to do with a get-rich-quick scheme of this character.
    "On the contrary, I immediately wrote to all who had invested in this stock upon my solicitation, which represented many thousand of dollars, and urged them to unload their stock at once.
    "To off-set my exposure regarding the actual condition and earnings of the company, Parker has been obliged to buy up a good deal of this stock at prices ranging from $10 to $14 a share, which I am informed he again sells through his agents at $35 to $40.
    "The United Wireless have five or six small stations in Oregon, which are maintained at an average cost of $100 a month, several of which I am reliably informed earn not to exceed $10 to $15, leaving a monthly loss of $75 to $90.
    "I understand that conditions in Washington and California and elsewhere, as far as their land business is concerned, is no better. Also that nine-tenths of the stations are maintained at an average monthly loss of at least $50.
    "When you consider that the United Wireless are capitalized for two million (2,000,000) shares which they are now attempting to sell to an uninformed public at $40 a share, a selling basis of eighty million ($80,000,000) dollars; in view of the facts above set forth the audacity of such promoters as Fred S. Stewart, and Geo. H. Parker, is without parallel.
    "The United States Investor figures out taking the company's own financial statement as a basis that there is a value of $1.45 to ever share of United Wireless stock. Even this estimate, says the Financial World, 'is inflated.' "
    Mr. Schuyleman says that his arrest on the ground of libel by Stewart is simply due to the fact that Stewart has a grievance against him.
Sunday Oregonian, January 30, 1910, section 3, page 7: (http://oregonnews.uoregon.edu/lccn/sn83045782/1910-01-30/ed-1/seq-31/)
 
UNITED  WIRELESS.
Promoter  Fred  S.  Stewart  Discloses
Startling  Facts  in  Libel  Case.

    All  stockholders  of  United  Wireless
and  others interested  can have  a  lengthy
report  of  Fred  S.  Stewart's  testimony
given  by   him  in  the  Justice  Court  in
recent  libel suit, upon request--while they last.
JOHN  L.  SCHUYLEMAN,
 702 Oregonian Bldg., Portland, Or.    **  

Daily Capital Journal (Salem, Oregon), March 18, 1910, page 2: (http://oregonnews.uoregon.edu/lccn/sn99063957/1910-03-18/ed-1/seq-2/)
 

WORK  IS  CUT  OUT  FOR  GRAND  JURY

    That there will be less cases to be presented for the consideration of the coming grand jury than there have been for a number of years was the prediction of Deputy District Attorney Winslow when seen by a representative of the Capital Journal today with relation to the matters to come before it when it convenes for the April term of the circuit court.
    The grand jury will convene March 28--just a week prior to the convening of the court term--and Deputy District Attorney Winslow has been busily engaged in the subpoenaing of witnesses and preparing the cases in general for their presentation. Practically everything now is in readiness for submission to the jury from the time it takes up its work until it is ended all matters will be hurried through with all dispatch possible under the circumstances.
Four  Cases  Bound  Over.
    In all, there have been four cases bound over to the jury from the various magistrates in the city and county, and these will probably be taken up prior to any other matters. After action has been taken with regard to them, the jury will no doubt investigate a number of matters of its own volition, but as to who will be involved and the character of the offenses which will be charged, is a matter upon which no information can be secured until the jury takes action one way or the other, as the statutes provide that this work must not be disclosed.
    One of the cases which have been bound over to the jury and to which considerable interest attaches, is that of the state against John L. Schuyleman. Schuyleman represents a wireless telegraph company at Portland and was arrested some time ago by Fred Stewart, who is the representative of the United Wireless company, on the charge of criminal libel. The offense is alleged to consist of the publication by Schuyleman in the Portland Journal of an advertisement which was derogatory to the company represented by Stewart. Schuyleman was given a preliminary hearing before Judge Webster and bound over to the grand jury.
    Another case which will be acted upon is that of Mel Hamilton, proprietor of the Court saloon, and Frank Collins. The charge against them is that of disposing of intoxicant to a minor.
    Besides these, there are two others the case of the state against Doc White, charged with the crime of larceny, and the case of the state against Charles Amidon, charged with burglary in the daytime.
Insurance  Cases.
    At the session of the last grand jury State Insurance Commissioner Kozler presented a number of insurance cases to the jury for consideration, and after listening to the testimony offered the jury declined to take any action, as it considered that sufficient evidence had not been submitted, but recommended that they be submitted to the next grand jury. It is understood that since then Commissioner Kozler has been successful in securing the necessary additional evidence and that the jury will be asked to act upon a number of cases where the state insurance laws have been violated by insurance companies.
Daily Capital Journal (Salem, Oregon), April 1, 1910, page 8: (http://oregonnews.uoregon.edu/lccn/sn99063957/1910-04-01/ed-1/seq-8/)
 

GRAND  JURY  MAKES  ITS  FINAL  REPORT
__________

IS  HOWEVER  ASKED  TO  EXAMINE  BOOKS  OF  OFFICERS,  ALSO  TO  EXAMINE  INTO  CHARGES  SUBMITTED  BY  BANKER  BUSH.
__________

    Three untrue and six true bills.
    That was the report submitted to Judge Galloway by the grand jury this morning, which has been in session for the past week. After an exhaustive examination of the bills returned Judge Galloway directed Deputy Clerk Allen to enter an order discharging from custody the parties in whose favor untrue bills had been returned, and, upon request of Deputy District Attorney Winslow, bench warrants were issued for those against whom true bills were found, and also the amount of the bail bonds was fixed.
    The jury was then asked if there was any further work to come before it, and the judge, on being advised that the county officials had asked it to examine the court house and the offices and make a report upon them, directed them to do so.
    While engaged in this work A. N. Bush, of the Banking firm of Ladd & Bush, appeared before Deputy District Attorney Winslow and requested to have a case submitted before the jury, and the jury went into consideration of it. As to just what is the character of the charge preferred, and the party involved, could not be learned, but it is said to be a case of forgery.
Schuylemann  Vindicated.
    One of the parties in favor of whom an untrue bill was returned was John Schuylemann, a representative of the Clark's Wireless Company. The charge against Schuylemann was preferred by Fred Stewart, a representative of the United Wireless, and was that of criminal libel, alleged to consist in the publication in the Oregon Journal of an article of a character which was damaging to the United Wireless Company.
    An untrue bill was also returned in favor of Mel Hamilton, owner of the Court saloon, and Frank Collins. The charge against them was that of selling intoxicating liquors to a minor by the name of Raleigh Coffey.
    The third untrue bill was in favor of A. R. Edgar, who was charged by John Reynolds with being guilty of malicious mischief, alleged to consist in the killing of a dog belonging to Reynolds.