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The hearing of the case against Jacques Mtyer, accused of having swindled various people oat of 4,379,921f, ootnmenoed bo- j fore the CorreCiouoi Pollca Oourt, Parla, j on June 18. The clove* rosua, who Ib 38 yecro old, bolongs to a highly respectable family. Tha aaperior eduoatlon he received qualified him for a professorship bat that calling waa too monotonous for him. Ho soon abandoned it, and earned his living for some time by cont-lbat!ng artloles to various Parisian jioroala. After that he conceived the ides of becoming a grout financier, but he w*e labouring under the disadvantage of havlug no capital . Being very active and futelllgeut, he nov rcholejss aacoaedei In getting himself appointed aeorotary of tho admli iatratlon of tha Bin quo des Pre'n » l'lnduatrle, with a Hilary of 45,000 fa year. From that moment (writes the correspondent of the Standard) Meyer launohod into all aorta of exfrava.ganoes, so that when the establishment to whfoh he waa attached had to suspend its paym9ntß he owad 300,000f . Meyer, far from being difconCdrted, borrowed some 50,000f and created the Socle? e Mobiliwre. To Inspire confidence he gave the title of manager of this new establishment to B*ron Chatelain, whose breabt waa covered with all eorta of decorations. Money poured into Ihe coffers co freely that the Societe Mobiliere, which had been at first ir stalled m a modeßt apnrlinent m the Bue Joubert, was transferred to spacious offices m Rue Vivienne. At that time Meyer ere tad two financial journal, the "Eolaireur" and the "Echo," both o£ which natarally spoko m enthusiastic terms of the success of the new company. Tho simple-minded public were thus induced to bring more and m re money to the bank, and Meyer seemed the happiest and most prosperous mm m the world. He kept horses and carriages, drove daily m the Bois, was at all the theatrical premierSs. The manner m which he employed his o'ients' money was m Bourse speculations of a dangerous charaotor , and at latt, after having appro priated to himself vast earns of money confided to him by bis victims, he suddenly took to flight on November 14. He went to Guernsey, Liverpool, Manchester, f ondon, Geneva, and Strasburg. followed by detectives w oa he oors ant'y managed t > elude. At lea^ih Moyer tried to hide at the house of one of his friends at La Hulpe, m the Ojmmane of Nivelles, Bjlglnm. Being arrested there he exhausted all legal prooeedlcga to defer «b hng as possible bis extradition, which wan demanded by the Frenoh authorities The judicial Inquiry instituted into his doings showed the sums of money swindled by Meyer to be enormous. All oleesea of people are qmong hia victims, Oa the list there are domestic servants, lawyers, landed proprietors, tradespeople, manufacturers, engineers, magistrates, priests, and peaßunta. At the time of bla flight Madame Archimb&ult bad dep - cited with the Sooiete Mobiliere securities worth 708,000f; M. Miohel Erlanger, formerly one of Meyer'a tutors, 170,000f In bonds ; M. Jeremare, an engineer, 327,000f In securities of various descriptions; Madame Ladmir*), a Parisian houceowner, 32,400f of ItalUn Rentes, 163 Credit Fancier Bonds, and 10 shares of the Paris, Lyons, and Mediterranean Railway Company ; a priest, namad Robert, 63,000 fin cash. Of all this property, absolutely none waa found m the ooffdrs of the bank after Meyer's flight. In conrt the prisoner replied with calm assurance to all the questions put to him.

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Bibliographic details

A GREAT SWINDELING CASE., Ashburton Guardian, Volume VII, Issue 2203, 19 August 1889

Word Count

A GREAT SWINDELING CASE. Ashburton Guardian, Volume VII, Issue 2203, 19 August 1889