The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-10-24

Obtained by an Alleged Bogus Gold Mine
BESSrScros VI Oct o. 1867.
gigantic swindie involvins the sum OF $3.50 900,
has just been discovered In this place. tho
OF the many hereabous and elsewhere. who
invested literally In tho stock OF bogus gold and silver
mining company, the mlnes OF which corporation,
located Pttstown, Rensselaer, county, n. X, were
represented by the confidence operator 10 be twelve
per richer than any discovered
on thu sublunary sphere
The novel noius o,erdndi OF manufacturing this gold
mine is very original, and the complete OF
the dodge for dsposing Of the whole STOCK amounting
to $3.50 000-heing thirty thousand shares at $40
per share-constrans me to give the particulars,
which may not DO unntercstng Early in
June, 1866, who passed by tho name
OF vandercook, made his appearance in this
place. and after aiming who the moneycd
men, kindly demonstrated TO them. with the ad OF rich
specimens OF gold imbedded in quartz how they could
Immediately realize at least fcep hundred per cent on
any Investment they might desire 10 make. Wander
cook induced DR.. John N. Scranton a noted
chemist and geoosst Of Bennington 70 vs, his mines
located Ptstu~n Rensselaer, county, New York, and
examine the rock formations and Indications. which
no did, one SUNDAY u July, 1866, ia company
with several gentlemen from Vermont and tho
aforesaid VarcecooS, who kindly assisted Dr. scranon
collect the richest specimens Of gold and quartz,
which were lying around perfectly loose for chemical
analysis Several Nuggets OF s,hd gold together with
nearly two hundred ~eignt OF rich spec msns, were
easily collected, aud i've distinct Uses made With
the follow ing unparalleled res ITS, VIII ci gather from
the certificates set forth IN the compsnys prospectus
Bsss:ssros "; Aaga.. 81, 1855
separate analyses supuucis Aken by
siong the upon premises
the Bachmsn farm In fittstown, N. r. wh he following
NS Silver and i'd yielded al t6e ate ei ton of loo =
70 syer) yielded a. a.. rate pe lon Of
No god, yielded the per ton -. $500 20
value S Der g. s%S he s INC par
The ore 80 ansyzed consisted o. average specimen. taken
ils tie ;s q .
localities referred FULLY r.be ,he col
thus Tar assaed stated, bcsns lar supero gen
cral yield 0. that country
J Sno n X. sncAh,'a'Sros.
George W. Hall, vide the prospecta.. lis Colorado
miner OF long experience and Dr. Scranton Is gauho-
highly esteemed In this cani,rapity; consequently
their certificate had tbs effect intended aud ne ens-
selaer County Cold and silver aiming Company" was
dny organized under tho laws % the state or
New York, TOR the '.parpose Of developing tho
gold silver mines upon the property % tho
company, Ia the town rilislo~n aad county ~
Rensselaer, The organization i lated August 81, 1906,
the very day the certificate given above mada and
10 Acknowledged before the secretary state, Francis
q. lariow on september I, ono week subsequent Tho
officers aud trustees Who chosen 10 supervise tho
interests Of company, Inspect sinking ~
s inpeDetrabe shafts. TO ~atch the de eopnen 81
rich lodes and 10 ..fuy Demonstrate me value OF IL
| minev = tnus mentioned In Tho prostectus:--
| President, DR.. John y. scrantan Wire President,
Rooert iiarison Treasurer, Frederick vsndercook:
secretary, J. Halsey cu~hman; General ~uperin cuaent
| George W Han; Counsel lansing n isiDa; Trustees,
John N Scranton. Beuning'op, w.; George ". hsii.
Colorado. Frederick A. tandetc0ok, BfnulrstnD, w.
Gate California;; Robert Harrison, iansn 4burg, NJ n.
! Shobsei @. Lansing, IsuslugDang. N Charles @.
9ridey, Waterloo. n. T.; Simon a. vandercoox, Water
1he company having been duly orgsoixed confidence
vandercoos procopded to dispose ~ hts gold
THIS vicinity, also ~ his native place, Waterloo ~ r..
and IN LansIusbury, y. where the Vno President.
Mr. Robert HARRISON, resides. He found difficulty in
relieving himself OF thirty Thousand shares at
the par value and then Disappeared IRON BeDnins'oa
for q month, when be rcappcared and levied
an assessment. Of ten per cen, on ,ne
before opening the mines" THIS assessment vas w.t.
Iiogly paid. and confidence vandercook then perma-
forget to rersy DR.. Scranton $50 cash loanod
The query nov naturally ar,scs how were i've
such acknowied, ed authorities az Dr John N.
Scranton and George W. Hall deceived a.
10 give the certificate they ddS Simply because
they did not kuo~ confidence vandercook's receipt
for making gold NINE which has Just been discovered.
TO the great annoyance of the unfo'tuDses who are so
deeply interested. l give, Tor the benefit OF the
soeaooaers 10 New YORK ey' w.,sr1o, ass,osoug
expensive receipt OF vandcrcook for making gold mine
which communicated 10 inc By the man who carted
the material for and deposited on the farms
above mentioned We believe this receipt II not men,
toned in Mrs Beechers IN other receipt book
Il IL this cart iosd OF quartz aud gold
rocky for nation almost suywhers vandercook avoided
issuing any stock, being shrc~d enough 10 keep out
The market and smpw sass ,scrpss or ,hs cash re
stock ~ II was issued"
Another u this accomplished dodgers lodges vas to
lease OF Bsckmau aud shy der for the
concern. He then released back 10 thcm portion OF
said farms for agr purposes. and has recently
collected Of them his rent IN cash. vandsfcook has
spared nobody on whom he could impose Among his
victims In this swnde, 10 said. hrs father nsw,
MI. Gtidey, Of Waterloo, and Robert Harrison, his
brother law as well many 81 hts particular friends.
The bold impudencs Of this stupsndous. swinds from
It's very inception, aud the successful carrying out OF
S.oay parcusr oy tue accomplished eonndeses nan n
Company fraud o. 1868.