"ICE KING" BACK IN GAOL

New Zealand Times, Volume XXXI, Issue 6996, 9 December 1909, Page 7

"ICE KING" BACK IN GAOL

AMAZING VICISSITUDES OP MILLIONAIRE CONVICT. By Telegraph— Press Association—Copyright NEW YORK, December 7. Tho sentence of fifteen years' hard labour pronounced on Mr Charles W. Morse, tho " Ice King," in November, 1908, and confirmed last month by the United States Circuit Court of Appeals, was yesterday considered by tho United States Supremo Court, on a further appeal. The appeal was dismissed, and Mr Morse" will now havo to servo tho original fifteen years' sentence. A REMARKABLE CAREER, Tho Circuit Court's decision last month came at a moment when Mr Morse, after four months of liberty on ,£25,000 bail col looted by his friends, was triuniphantly proclaiming the rehabilitation of his: fortunes. Worth .£5,000,000 less than three years ago, Mr Morse, while a prisoner in the Tombs Prison, was forced last May to go through the bankruptcy courts. Of his immense wealth not ! a penny - remained. , His wife had 'pawned her family jewels for .£50,000, and Ms Fifth Avenue mansion had been ransacked of all its art treasures in the effort to pay tho mountains of debts widen remained after- his immense, fortune : had •■ been swept away in the financial avalanche precipitated by the panic of 1907. A month after Ids examination an bankruptcy Mr Morse was released on bail ponding the appeal. From the Enanco _ol tiny other country he must have. disapponired. Instead, he returned to Wall street, rented palatial offices, and since then Ims been working night and day nt the exploitation of the extraordinary opportunities which America furniAhog men of his resources and connections,

Viißti omoimfe of hie securities which had been foreclosed were restored to him, niwl lie reacquired control of Severn! steaumhip- lines, reorganised them and announced early in November last ilint no (lie result of his four months' labour ho hiul made .£1,500,000, leaving him only -CMO.OOO in debt. Simultaneously with, this announcement ho proclaimed that ho would never enter the banking business again.