Detective Wooldridge, who has examined many of these concerns, desires to place special emphasis upon the crafty use which these companies make of the names and services of reputable "trust" companies. He uses the word "services" because a trust company may execute a "trust" in connection with bonds, stocks, property or securities without really assuming any general financial or moral responsibility for those securities or without becoming a sponsor for them. In a word, the trust company may engage to act as an escrow agent to see that a certain technical transaction is completed, and nothing more. That means this: The trust company consents to hold the stakes between two parties, but without the slightest responsibility as to the value of those stakes or what may be done with them after the stipulations as to the conditions precedent to delivery have been fulfilled. Because a trust company acts as the trustee of a certain bond issued there is no warrant for a prospective investor to feel that the resources of the trust company are in any sense behind these deeds as a guarantee of values. Another word of caution: Whenever you see the name of an educator, a pastor or a popular politician, or any other leader having a hold on the sentiment of a community used in connection with an investment offering, look into it carefully and take no step until the person mentioned has been questioned directly by you. HUGE SWINDLES BARED. Officers of Four Underwriting and Guarantee Companies Arrested by Detective Clifton R. Wooldridge. Charges Are Bogus Underwriting and Fraudulent Inspection of Properties. All the officers of the four biggest underwriting and guarantee companies in the west, with headquarters in Chicago, were arrested. They were charged with having engineered the boldest and most comprehensive swindle ever exposed in this country. [Illustration: GETT, RICH & CO. PROMOTERS OF "GOOD THINGS"] The following are the names of the men arrested for running The Central State Underwriting and Guarantee corporation room 1306, Tribune building: W. H. Hulbert, H. B. Hudson, Francis Owings, M. J. Roughen, W. H. Todd, were arrested for running a confidence game. W. H. Todd jumped his bond and fled to St. Louis, Mo., where he was apprehended and brought back by Detective Wooldridge. $300,000,000 CAPITAL. The book of the Central State Underwriting and Guarantee corporation had promoted 300 corporations and companies which were capitalized at $300,000,000. Stock bonds were issued which was guaranteed by this company. This company further agreed to sell these bonds and stocks to raise the money to financier these companies. The complaint was made by the Compensating Pipe Organ Company, through C. V. Wisner. The firm is located at Battle Creek, Mich. W. H. Todd & Co. was employed by the Pipe Organ Company to make a bond issue of $150,000. The brokerage firm, he said, demanded a 1 per cent deposit, amounting to $1,500.