Seattle Real-Estate Firm's President Vanishes as Receiver Takes Over
The Fay Investment Company collapses into receivership, its president unseen since April 3, and its secretary accused of taking a large sum of company money.
SEATTLE — A receiver has been appointed for the Fay Investment Company, which transacted a large real estate and insurance business, and whose president, T. P. Fay, has not been seen in Seattle since April 3. Arthur Watkins, secretary of the company, disappeared a month ago, and is accused of taking a large sum of the company's money.
“A receiver has been appointed for the Fay Investment Company... whose president, T. P. Fay, has not been seen in Seattle since April 3.”
A real-estate and insurance firm collapsing while its officers vanish is a plot line that could be written today. The 1910 brief shows that booms have always attracted schemes, and that when money disappears, the paper trail often leads back to the people who controlled it.
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