CLEVER MECHANIC PLEADS HIS POVERTY
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 (http://www.newspaperarchive.com : accessed 2 April 2014).