People v. Carmen

9 N.E.2d 981, 291 Ill. App. 399, 1937 Ill. App. LEXIS 490
CourtAppellate Court of Illinois
DecidedMarch 30, 1937
DocketGen. No. 39,184
StatusPublished
Cited by5 cases

This text of 9 N.E.2d 981 (People v. Carmen) is published on Counsel Stack Legal Research, covering Appellate Court of Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
People v. Carmen, 9 N.E.2d 981, 291 Ill. App. 399, 1937 Ill. App. LEXIS 490 (Ill. Ct. App. 1937).

Opinion

Mr. Justice Friend

delivered the opinion of the court.

William Carmen, J. E. Stinson and Henry T. Sather were tried in the criminal court under an indictment consisting of 12 counts, charging conspiracy. The jury returned verdicts finding all defendants guilty. They were sentenced, under the statute, to the penitentiary for terms of not less than one year or more than five. The prosecution of this writ of error followed.

There were counts in the indictment charging that the defendants unlawfully, wilfully, fraudulently and deceitfully conspired, combined and confederated with each other, and with divers persons unknown to the grand jury unlawfully, wrongfully, wickedly, knowingly and designedly to cheat and defraud holders of obligations, securities, stock certificates and indentures of any kind or nature whatever, issued by the Great Eastern Natural Gas Company; separate counts charging that defendants conspired to so cheat and defraud one Ross J. Beatty, one Margory Cowan and one Frank J. Buckridge; counts charging conspiracy to obtain the personal property of the holders of obligations of the Great Eastern Natural Gas Company by false pretenses and also to obtain the property of Cowan, Beatty and Buckridge by false pretenses.

The case was presented to the jury under three separate transactions. It was first shown that Margory Cowan conducted a dress shop at 58 E. Washington street, Chicago. In December, 1935, defendant Stinson called at her place of business to purchase 500 shares of the Great Eastern Natural Gas Stock which she owned. Stinson told her that some of the Great Eastern stock had been sold to the Trinidad International Petroleum Company, which had purchased some land from the Great Eastern, and that there were some very valuable notes connected with the Great Eastern that were then selling on the London market, and that he wanted to acquire some stock so that he could sell it on the English market, where it was bringing around $5 a share. Stinson told Miss Cowan that the Trinidad International was successfully operating properties in the West Indies. It appears from the evidence that Miss Cowan then said to Stinson, “If you can make money on this stock, why couldn’t I?” and he replied, “Yes, you can if you have the money or if you can get the money.” Miss Cowan told him that she had had financial reverses and would have to borrow money from her sister’s bank account; that there had been sickness in her family, business was not very good, and that she had lost substantially everything she had and could not afford to lose “one dollar or even a penny.” Stinson then told her “I have already checked this, and it is absolutely O. K. Do you think I would be out buying the stock if it wasn’t?”; that he wanted to buy the stock because there was an opportunity to make some money. He thereupon gave her his card, and in leaving said “in yonr case I might raise this a little,” and offered her 50 cents a share, which would aggregate $250 for her stock.

About three days later William Carmen, who had various aliases, telephoned Miss Cowan and told her his name was Cameron; that he had just returned from New York and should have seen her on his way to New York, but that he was very busy with other stockholders and was now returning to Los Angeles; that he desired to acquire her stock and exchange it for Trinidad International Petroleum, because Mr. Dan-zinger, his superior, had sent him out to purchase stock. Following this conversation Cameron went over to see Miss Cowan at her place of business. He said it was his mission to see her about the exchange of the Great Eastern stock and the Trinidad Petroleum notes. Miss Cowan told Cameron (or Carmen) that she was not inclined to do anything about it because of her many responsibilities and sickness in the family. Cameron replied that if she would let him explain the transaction he could probably get her to see it in a different light. He represented the Trinidad International Petroleum Company as a very successful concern, took out a book and showed her the location of a great many oil wells that were operating successfully in the West Indies. Miss Cowan then asked him why, if the company was so successful, it did not retire the notes in question, and Cameron replied, “My goodness, that cannot be done until, they have been sold out,” and that the Trinidad notes were 20 per cent profit bearing notes and would be closed out in February; that the company owned valuable property in Ethiopia, and if it wasn’t for the war it would be operating there. The proposed transaction was explained to Miss Cowan as follows: She was to. give her 500 shares of stock and $1,500 in cash, and in return was to receive $2,500 and 500 shares of the Trinidad International Petroleum. This she could keep or sell, as she chose. Cameron told her that the Trinidad stock was listed on the London and New York stock exchanges, and assured her again that the company was operating extensively and producing oil in abundance from wells which it owned. Miss Cowan gave him her stock and the $1,500. Cameron said that he had been in the oil fields during the greater part of his life and knew about oil wells; that the Great Eastern was a good company, and its president was one of the cleverest men in the country and a great geologist. Miss Cowan called Cameron’s attention to the fact that Stinson had called on her, and showed him Stinson’s writing. He looked at it and said “that is strange, so many people who own Great Eastern stock have told me the same thing. They had had other people call them from New York and other places”; and that “we didn’t want this thing to be known. We wanted to keep it quiet”; that Mr. Danzinger had sent him out to clean up the situation and be through with it. He read Stinson’s paper over and remarked that, although he did not know Stinson and had never met him, Stinson had the situation right. After she had signed checks and turned over the stock to Cameron she called Stinson and asked him about the stock; he said “I spent all my money on 1,000 shares that I bought for myself.” Miss Cowan asked him if he was going to sell the stock, and Stinson said “No, I’m going to wait for it to be retired.” She then inquired whether he had ever met a man named Cameron, and he said that he had not. She told him that a man named Cameron had come in to see her, and asked Stinson whether he would recommend her going along with the transaction, and Stinson replied, “Yes, there is no uncertainty about it. ” Miss Cowan later had another conversation with Stinson, in which she told him that some of her friends were criticizing her for entering into the transaction. Stinson assured her that she •need not be concerned, that people had also criticized him. for buying the stock, and that he was not selling his stock but was waiting for it to be retired in February. Cameron again called on Miss Cowan about January 8, 1936, to tell her when the Trinidad notes would be paid, and spoke of a man having died leaving 5,000 shares of Great Eastern stock which he could probably acquire for $1 a share inasmuch as the estate wanted the matter settled quickly, and he showed Miss Cowan a pocketbook supposed to contain $2,500, told her that he would like to sell part of this new stock as money seemed plentiful, but was hard to get, and that he thought he had a man who would take this stock off his hands.

It was shown on cross-examination that Miss Cowan was 58 years of age and had been in business some 15 or 18 years. The card given Miss Cowan by Stinson read “Consolidated Realty Company.” When Cameron was arrested he had $2,000 in his pocket.

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Bluebook (online)
9 N.E.2d 981, 291 Ill. App. 399, 1937 Ill. App. LEXIS 490, Counsel Stack Legal Research, https://law.counselstack.com/opinion/people-v-carmen-illappct-1937.