The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-08-01
A VERMONT YOUTH swINDLED.

HE BUYS AN INTEREST IN 'FIRM" WHICH COL
LAPsEs IN TWO pAYs--AS ERAsIyE COM
POUND WHICH WIPED OUT HIS CAPITAL.
Preston A. Perry, aged about nineteen years, and
hailing from the Green Mountain State, complains Bit
terry OF what he terms "sharp commercial practice"
experienced by him amid the tumu:t OF Gotham. his
story is that he arrived here week ago last Monday
and being to take advantage OF any legitimate
business opening took up OF The daily papers and
scanned the numerous advertisements On Thursday
last ala attention was attracted to advertisement
which road q folows:-
Wanted. "A chance for young man with SIS cash
to invest IN busines pay $50 weekly Apply NJ 81 Park
On tho day following there appeared In the same pa
per another advertisement, as iollows:-
Wanted "a smart easrsee young man with So to pur.
room L.
Tho Grcon Mountain boy. NOTWITHSTANDING tho fact
that no had been brought 10 his native State just
about midway between the summer residences
Of such emncn, counsel as William NJ. Evarts
aud Edwin N. Stoughton, greeu enough
TO apply to tho advertisers. He first
room IN the broadway building. which he found,
rs he says occupied by George Elseiu real estate
agent ana was thence referred IL IN the Park
row buildlng which he was informed wus branch oil
the Broadway room. But according to MS story, he
iound the branch better than the root. ana IL no
better than Al the latter number he found one Rus
SELL and having gwen satisfactory evidence that he
foiows:-
A BusrSEssLIKE DocuxESr
This entered nto this 9Th day Of july D.
1877, wltnesseth that Russell shapes and r. A. Perry
manufacturing and selling LIQUID INK eraser known and
Eraser label registered Patent Once At
u. e. NO. 694, issued May 1876 The said r. A. Perry
devote his whole time and 1T ention to said business and
from profits OF said business weekly and all profits
said salary be equally divided between said Russell aud
tapis. and fsrry ALI account: 20 be kept and ento
business said r. A. Pery he rendering
weekly OF all goods sold and money received
whereof said parties 10 this contract have
hereunto set their hands ana seals day and date abo.o
written nussELL STABLES, per u A. Staples. tseab.
+. A. PERRY. tSea)
The youth paid all he had In the world, $685. on tho
execution OF this agreement and received very
businessiike receipt, which read as ioll0ws:-"Re
ceIved =. A. Perry 500 for one-half interest in
business per contract this day." HIS FIRST intro
TO the business was tho healthy oil being
out 10 buy 81 worth Of chloride Of lime. This,
he informed, be used. not IN preserving the
Meath OF the partners, but That Of the eraser, tue
manufacture ana sale oil which appeared To be tho
business of The firm. The first night OF his admis-
sion 10 the Arm he had the substantial honor
carrying home the key OF the place OF business On
the day following he again purchased some chloride Of
lme doubtless 10 insure tho continued health OF tho
business. Again he went home with tho 70 -tless re-
sponsbility OF bearing the key OF tho partnership
treusurs but on The morning succeeding he returned
to find that the KEY, ike certain anceut hat, had lost
all the 'twIr-lhat the place closed against him.
his trusted and patronzing partners 'Rope 10
Ch,cago' and tho business, notwithstanding all the
q corpse. Whether the partners transported the
of the busn, IS with them to the borders OF
the Western lakes ncrc 10 revive II into practical e
he knoweth not, but Is very decided IN saying III he
OF New York, ana thither he proposes 10 return, q
Badder but youth