The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-05-03
CONSPIRACY TO DEFRAUD.

CLOTHING DEALERS CHARGED WITH PLOT
TO BUY GOODS LARGELY, WITH THE INTfN-
TON TO TRANSFER THIN. AND THEN FAIL
lBY TELEGRAPH TO THE HERALD
PHILADELPHIA, May 2, 1878.
very extensive and shrcwdly executed conspiracy,
by which firm OF clothing dealers succeeded In
swindlng large number OF business houses, came to
light herc to-day the shape OF testimony before
magistrates court. The accused were ANGEL Kramer
and Nathaniel Goldsmith, OF the deiunct firm OF
Kramer & Goldsmith, OF Scranton, Pa Kramer
was arrested at the SUIT OF H. :. Frank.
clother, OF this city, ono OF their victims.
from whom they obtained 50, 900 worth Of goods, as
he alleges. Goldsmith has escaped. Mr.. Franks
affidavit charges In briel that Charles Goldsmith,
Bernard Dcsenberg George Yarianthai Isaac Josephs
and Michael osephs did conspire with ANGEL Kramer
Nathan Goldsmith, Meyer Goldsmith and other per.
sous to cheat him and other creditors Of the hrm Of
Kramer 4 Goldsmith, by irauauicnty secreting and
disposng vi tue property OF said nrm to tho amount
OF Wy COO Al Tho hearing to-day Kramer, having
manifested since his arrest desire TO tell all he
knows, was allowed to testify Tor tho prosecution
His story showed remarkable scheme 10 OBTAIN
goods without paying Tor them.
PLAN FRAUD.
Mr. Meyer Goldsmith, the witness said, was q men,
ber OF the firm Of Vol, Mayer Co, this city, and
brother OF Nathan GoIdsm,th: he Meyer Gold.
sMithl visited Scranton In 1875, at which time his
(w,tness) firm was behind So 500; they we're taxing
would have 10 tail, thai they must buy light In tho
spring, and IN The all 90 overboard witness sa,d that
New York; In the latter part OF March, 1878, witness
visited Philadelphia ana told Meyer Goldsmith
could not fail then, but TO wait until
tho cen.ennal he lwi.ness) continued to buy
stock, giving the arm Of Wolf. Mayer Co rs REFER
ence; he bought IN Buffalo, where he used the name
OF Wolf. Mayer & Go. reference, but not heavily
as he was cautioned against 80 doing ny Meyer Gold
smith.
GOODS 70 BE BOUGHT TO FAIL.
In 1876 he bought heavily IN Philadelphia, and re-
ported every evening to Meyer Goldsmith, who eau
toned him not To buy heavily, as It might cause
suspicon II was understood that the goods were 70
be obtained so 10 fail AT Goldsmtn's SUGGESTION
and bought lots every day So Goldsmith said that
prolonged stay III tho city during The Centennial
would not cause suspicion In August tho nrm LAD
In the ncishborhood OF $4,000 worth Of g0ods In
October he game 10 Philadelphia, and Meyer Gold
smith asked how things looked. Witness told hun
that he thought they could not buy any more, that
tho people were afraid Of them; bnt he did buy lew
more, and Goldsmith proposed selling OH vi the
stock at auction aud nuned auction houses 10 which
thcy could be sent Meyer Goldsmith frequently ex-
changed letters with the witness, but they weic all
destroyed by Charles Goldsmith, according 10 IN uE
derstanding 10 that effect.
DISCLOSING OF THE PLUMBER.
One OF the retarns SAID that Marian thal OF Akron,
Ohio would be on; and that J. Josephs would como
with him. Mr. Josepns the witness stated, wac u
member OF the firm OF Wolf, Mayer Co. Those mon
came on, and after talking tho matter over, witness
wantod hevcntynve cents tho dollar tor the goods
but Marianthal sad that would allow HIM enough
profit Finally, witness sold the goods hin at
80 l-3 per cent less than the actual cost
The balance OF tho money returned Tor the
goods, between the 66 2-3 coDts dol
lar paid and the price realized whom sold again II
Indebtedness OF The nrm 10 Wolf, Mayor & Co. Was
about Sl50 200, and the difference tho
ooo Ss .ne s1oas .nd inc cost value was ABOUT
sale to shut up shop
Meyer Goldsmith was placed under $4,000 bali TO
appear for trial an1 Charles Godstnith and Kramer
werc held liz S., 900 bonds.