Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1876-04-26
A BIG BUBBLE.
The Colonization Scbeme-A Slkotc, of TIE
KascnIly SlrigfnaInrs

Inc Colonization Scbeme--A Sketcl, Of Tia
Hascnlly OrigfnatOrs.
:. a colored man writing to The In
annapolis Sentinel gives sketch of
Ap]ones and Arnett, the projectors of
the grand .fAfrican Commercial Stock
Company" He says:
Some eight or nine years ago this man
Apjones made his appearance in the
city OF columbus, O., armed with let
ters OF introduction TO some of her best
colored families; being a shrewd OBJ
server Oh human nature, and withal
smooth OF speech, and prepossessing in
appearance, it wasn't long ere he had
won the confidence of his new friends.
lie soon succeeded in getting q Gonna
ny OF persons to invest money amount
ing to $50, 1000 in the grocery trade, on
cooperative plan. For three or
four months everything moved along
swimmingly, and pools. on Apiones.
had any been offered for sale, would
have sold high in that community; but
man appoints, etc. One morning the
manager OF this great business failed
to put in his much desired appearances.
no one knew when he had started. or
where he had gone. All the funds in
the bank which had been left SUBJ
Ject to his order had been drawn by him
some time before. Most of the stock in
store had been purchased on time, and
when the creditors got wind of the
affair, they swooped down and sold the
concern out under the hammer, real
izing about SIS, ZOO. Many man has
started In life with a email er stake than
$65, 900, but Apjones was no ordinary
man. Since then he has taught school,
traded on the Ohio and Mississippi
rivers, making Cincinnati his head
quarters, and now, like Col. Mulberry
Sellers In the play of the "Gilded Age"
ne comes before the footlights and ex-
plains his new scheme, or pretends to do
so, and swears by Arnett that "there's
millions in it," and so there is for
this iijustrious duo. B. W. Arnett,.
without the Rev., (and why p is Meth
odlst clergyman at present in charge of
church located on the corner of Sixth
and Broadway, Cincinnati, 0. He is
well up in his business, fine scholar,
and fluent talker, and has national
reputation. AS a public man, he first
came to notice in 1867, is chronic air.
castle builder, but with method in his
madness. Last fall he was one of sew
eral persons banded together under the
name of the Allen Monumental Associa-
ton, and essayed to tighten the pocket
books of his countrymen, under the
guise of building monument to
Bishop Allen, the founder of COL
ored Methodis<n in this country.
How much he made out of the
transactionsis best known to himself,
but that he should lend his name and
the influence of position to So gigantic
an attempt at fraud on his fellows, is
but another evidence of the degeneracy
of this latter day. What with freed
mans savings banks, politics, compan-
les to open commercial traffic with the
continent of Africa, and thousand and
one other pitfalls set 10 ensn are the col
cred man in this country, who is with
out the experience and intelligence
necessary to successfully scope with
them, which his Anglo Saxon fellow
citizen is SO abundantly provided with,
is it wonder that he shohId occasional
ly trip up and fall, and be the laughing
stock of other men