, 1865-11-22
THE LATEST OIL SWlNDLE.
A Eogus Company with brilliant
Sehemc-Bofin9 In the Petroleum
t8oarsi-A ~ CorRcr'l Worth 0,000-
The Case In Court.

tson called to the stand was the pEfncl'
pal defendant, who was perseverinGly
pumped for about two days, to the intense
Interest Of crowded court.rootay md with
plicated character. The mysteries oi
WILDCAT STOCK
brokerage we're revealed to an extent which
even opcDed the eyes Of old operntorav Some
time ago pseudo stock company mode It's
Of the Live Yankee Oil Company, mud undor
auspices whose spedousuess would have won
the heart of Molta&u TiGG and tempted 10
1.ardiaion taz nhrowt3eE men than Jonas ChuZ-
zlewit. Its capital vas only quarter Of y
million, but 1t was besed on leases for tiit5
were SO instinct With precious oil as to be ue-
terly unfit for any ordinary cultivation. The
brooks were pure petroleum, aud the night
dcws unctuous-
The grasses and weeiis Of the field were 80
many candle wlcks, ca1y requiring ignition to
oILpetspiltng trees would; create 2 bonfire
which would cause the sun to- hide his dimln-
isheI head, and all the; water melons and
pumpkins that sprung from; the oleaginous
soil were % full Of oil as & green cocoanut Of
milk. Yet this vast tract Of precious grease,
which might become so pregnaut Of peril to
the universe, merely needed enterprise aud
benefit to mankind. and mountain OF gold
to the happy possessors ofths Live Yankee
stock. But. strange as it may appear, the
majority Of stock brokers did ;sot ThsH these
gigantic prospects in the same Hight, a1d from
is per shate the Lire Yankee stock declined
10 five cents. But the enterprise was IN the
hands Of tauntless men, who, with lauiable
perseverance,, determined to bencft the world
md iattea their pocketbooks in spite Of i'd
verse circumstances.
In the midst OF faNnre they did not permit
Themselves to- be overwhelmed, but philo~
sophically inquired into the cause. They
came to the conclusion that on the name Of
the company the disaster hinged They
could not but acknowledge, in their utmost
hearts, that the title Of ssLige Yankee'' had
something Of the catamount fayori they
would start anew: With name that would
awe and conquer The conception was. but
the swift precursor ofthe deed and
THE NAPOLEON OIL COMPANY
arose pheni1- like from the ashes of the nrs~
lustre which recalled the sun Of Alsterlitz~
Although based upon only one-third Of the:
properly Of Its unfortunate predecessor the:
Napoleon Company, with royal dlsdaiu for;
petty figures, Was composed OF SCI, 900 shares,
at IS each, with nominal capital OF
II, $4,000.
a large number OF gentlemen vera engaged
re,e Messr1 Feni3aI1 Chamhsrjain <. ~ n
the case II nresent In conrt.. il npnears chat
there Vas an ogreement on, the part Of the
plaipG1s, Messfs- Carr and Others to deliver
500 shares on three days notice, at s2eo per
share. But Immediately after this transac-
ton Kendall, ard Others In. the secret, re-
solved 10 sscorner y fhe stock. Wi,ich. thoryh
q brilliant achievement when. cilded bY slc-
cess, Is about as mean as cheating at cards,
when It trips and iails. -.
SAKiSo TIE coAsHa.
It xns. dnua I'm this way: Kendall. Cham.
BERLIN 4 Co. bought M Iii the sharey to be
found Ia ihe martial. al lie snme tiu1a enpart-
ing numerous parties, among whom were, 81
coI1rsc. the plafutiifs In tbc present action. 10
denver up otner gharrs at 4 stluulated lime
at nar raIuc Hnyiur bought m urefty mncb
all thc stnck. Messrs. Fendau- Chamher-
lain q Co.. are waited upon b. numerous
geut1emeo. who ave plentisnlIy sppplied
5rith erecnbacka. and who proceed to buy up
The N5poteou stock at largely advanced rates.
These purchasers arc IN ho employ Of the
parties who sell the stock, anu, OF course, the
money they use Is also the property Of those
PARTIES They would seek a confederate up
stairs In the same building. pines, hand him
a large quantity OF money. and say, $50
down stairs to Kendall, Chamberlain T. CO.,
and buy so many shares Of Napoleon at such
a pricc-n The, trm below, are aware that
they can get back their own money whenever
they may demand 1t, reply, Yes, we will sell
yon that number OF shares. Here they are,
at SIS shasep They take back their money.
and the bogus purchaser takes the shares.
which thus raphlS rise In value.
At length, through two Of thetr agents OF
coniederates, the price Is run up. to SO
share Bond Is the name Of onc OF these
agents; Cooper ts the other. Cooper thavtngy
been provided with money beiosthandl de-
eires OF kendaiis Chamberlain i Co., LOCO
shares at 81 They give him orders on the
other parties <a1sa Ia the conspiracy and of
them pc makes the purchase: The sellers re-
turn the money to Fond, who returns It TO
the original owner: Itereapon the co9sptrs-
tofs eena AROUND. 10 the nnsuspectms Catf q
Iayior, Tor instance, aud deInant shares Ut
80, % PER Agreement. NOT hhVfng the
than s1, Carr q TAILOR are cornered, aud are
induced to pay sloOO as margin or secuTi-