Makes Coin Molds

Schwartz, W. B. - 1906-05-22MAKES COIN MOLDS


Schwartz Put Under $1,000 Bail on Charge of Making Spurious Half Dollars.

William B. Schwartz, the Indianapolis lawyer under arrest for counterfeiting, was given a hearing before United States Commissioner Young, Tuesday, and was committed, in default of $1,000 bail. Schwartz made a complete confession at the hearing and wept as he told how he had been tempted to take to counterfeiting as an easy way of getting money. He said he had made and passed about 100 pieces. About half this number has been taken up by the detectives. He said that when he was absolutely in need of a little money he would get rid of a few of the half dollars and then would not attempt it for some time. He has never had a large law practice and his Income from his business was small. Developments of an interesting nature are looked for. The man was finishing one of the coins by an electric process when arrested. He says he has no confederate outside the city.

The prisoner is strong and healthy. The brass molds with which he made the coins molds he made himself, indicate his mechanical ability. He has two daughters who are said to be supporting themselves. His wife is in an insane asylum. The molds were said to be perfect pieces of workmanship. The authorities regard this one of the best catches made recently.

“Makes Coin Molds,” The Indianapolis Sun (Indianapolis, Indiana), 22 May 1906, p. 8, col. 4; digital image, Newspaper Archive ( : accessed 2 April 2014).

10 thoughts on “Makes Coin Molds

  1. davidmadison1942

    There’s a line in one of Martin McDonagh’s grim comedies that comes to mind: “This story just keeps getting worse and worse.”

    Interesting: “The man was finishing one of the coins by an electric process when arrested.”

    Also interesting: “The brass molds with which he made the coins molds he made himself, indicate his mechanical ability….The molds were said to be perfect pieces of workmanship.”

    When I was growing up, we relied on two big city newspapers, The Chicago Tribune and The Indianapolis Star. I see that this story appeared in The Indianapolis Sun. I wonder if one evolved from the other.

    1. Genealogy Lady Post author

      The Indianapolis Sun and Star were two different papers. I have found articles in both during this time frame. The Sun was published from 1878-1965, and the Star began in 1903.
      I think the workmanship goes back to a time when people were more mechanical and able to create things. We already know he was an inventor (typewriter). I like to think of it as part of his Swiss heritage, his mechanical ability. The Swiss are such renowned clock and watch makers.

  2. Genealogy Lady Post author

    Hi Mary! I don’t know whether or not he knew. His grandmother, William’s sister, lived with Roscoe’s family until her death in the early 1920s. Not sure if it was one of those things that was never talked about or discussed around the children. I can only assume that the money all went towards medical bills. I don’t know how long the stipend lasted either. And I agree, very fascinating novel indeed!

  3. Mary Scherer

    What a character…..I have just finished reviewing some of the earlier entries concerning W.B. and I believe you have the makings of a very fascinating novel….What happened to the $50.000 from the typewriter patent and the $3,ooo yearly stipend???? Can’t wait to read upcoming entries, Your grandfather would have gotten a kick knowing all this about W.B.!!!!

    1. Genealogy Lady Post author

      Yes, they are… 😦
      One of the “good” things from my perspective is that I have really gotten to access some new record types (which I will be posting in the next couple weeks).

      1. thegenealogygirl

        Ooooh, I look forward to that! I have been chasing some interesting leads lately too that I won’t be posting because my grandmother is really sensitive about it. Her dad spent a year in prison but it wasn’t just him – 6 members of his family were arrested, 5 served time in prison, 1 in jail for grand larceny. My great grandpa was charged with stealing 4 dozen eggs. It was a sad chapter for my grandma, she was about 9 years old. The records surrounding the events are fascinating and hold lots of good genealogical gems.

      2. Genealogy Lady Post author

        I am currently waiting for some court documents that should be arriving in the mail in the next few days.

        I think your story is one that will just have to wait until after your grandmother isn’t around to object (which will hopefully be a long time yet). 😦

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