New-York tribune., 1879-12-31
FURTHER EXPOSURE OF swINDIEs.

FURTHER EXPOSURE OF SWINDIES
Mich interest was manifested in Wall Street
yesterday IHE TRBUNEs exposure of the fraudulent
bankers and their schemes, aud gratihcauon was ex
pressed chat the efforts OF the Stock Exchange had been
more success m than previous efforts the same direc
ton The reputation these concerns Il was Sud- had
extended not only to the rIns whose names were iui-
tded hat the entire business OF dealing tn stocks h"d
been connected the minds OF persons living ou' oI
town with the rascaltes detailed IN yesterdays tks-
UNE A member OF prominent banking house, who has
recently from extended business trip sad
yesterday that everywhere he went he met with
questions aboni these rms and their methods OF dong
business Large numbers OF persons IN humble circnm-
tanccs-Orakemcn conductors employees Of railroads,
and others-had sent suis sums TO New-IOrk for In
vesimeni, but few had received any return
Cyrus J. Lawrence. Of Lawrence Bros. Il Co., AT No
81 Broad-sL a ffm that sur rcd great annoyance
from the doings OF the bogus Lawrence Co." at
Ne - Broad ST. said that lac was introduced. last
SUMMER 10 the president of bank IN the country.
who tor some time supposed him toe OF the per
sons ui.o, represea aiatons farmers were mort
gagmg their property TO raise money I" invest lie
said Lawrence Bros Co did not suffer Ia their
business from Tor they never did business
with strangers; but they had suffered Ia ihet name
rhousands ~ letters lad been received 10y them aSirg
tor tue details OF their combination plan" many
indeed. that II necessary 10 answer Them by "A
printed saving taat they were 4" such persons
There been annoying confusion of tac malls IN
tended for the two houses On one occasion letter
that had bcen opened. addressed 10 Lawrence Co.
No. ~ on 81 Bfoad-st," WAS brought in 10y aearrer.
who planned that orders had beeu issued that letters
not cr.ly intended Tor Lawrence & Co. should be
opened IA presence OF the c.er Tue letter con;aDed
a check dawn To the order Of Lawrence Co. fOr
81 GOO with Instructions TO II TO the ctd OF : :
Tutte 4 Co.. who agents OF Lawrence Bros Co,
and letter clearly for that firm. But II would
have been difficult to recover the sum, If u had been
taken a. genuine remittance TO an advertise
ment oi Lawrence q Co. Invested " and 10.
Lawrence 4 CO.. have kept their bark account with
Bowcs 4 Co.. No IL Wall ST. Mr.. H"wos said he WAS
very much surprised To hear what said Of them ~
TIM TRIBUNE. They had come to his firm well intro
duccd but never having been To INN as borrowors be
inquired further about them s" long a~ iie
account we'll kept UP lie said no such amount a.
s2OJ.nD0 ad bccu deposited hc'c during tlgi months
which shown Ia have been the receipts during that
time out small deposit Of few hundred do. ars oaily
covered tieig dealings with bim.
lie saiI further that uuDiher Of small checks were
reni o. country people Dy LaNr,ncc Co, and came
back 10 bank FROM coui-ry banks several persons
haf told him that they ba1 made money hy dealing
with tha' frm and was also sud ny other persons
that iatsiy somc customers had been allowed 70 make
small sum. 30 order encourage them O. make larger
venture. A. thc FoutI National Bank, where Bcuia-
min L. BaesVaiter deposned the large proats coming
10 hiu lfl thc tour firms that were under one man
are.neut nothing vas arued OF him beyoud the
iaft iiAl f' uiN NrtA 2 Ct NIti "t r'N'l N'htt"
Buckwaiier IS said 10 have been formerly "a The
ng wachno business IA Nesark. ONO, ANA aftfwaro
IN Ncwask y. j. in 1876 ne established tne house
m Enc.wait.r & Co.. bankers and hrohcrs
No 10 va l-si was aff fcfward NJ No. 40 Broad
81. Bradley & Co. and later moved 20 the
present Office of Lawrence Co az Broad-st and EN-
phaneeplace. He was known several years ago as AN
biicndaut az Dr. Howard Crosoy's chnrch ana has
Ito"i well in sociry When IN me tgaton oi he
fraudulent schemes OF Lawrence & Co, became
n'Ps'sd oen S 0e was uS g. hS snS 'im Sat @ 'S T
deuce was discovered by Ralph Oakley, the agsnt
pup the opportunities offered la prosecuting
the claim oi yau0uer for $500 against Bnekwalter,
which had been placed In the nHnds OF Oudin tkty
attorney -asw. IL wac learned that he was uVlng ho
gny iu comfort bn ~ eicsant sly at MohI1se' y
hveril of No / ~ Broadway Bucbwater's lawyer who
had rrc.loi,.y offered settlement the clam " tue
same as fAp % creditors OAKLEY demanded tile
caim fn and received IN reply letter fTon Averh
sayipss: .. A. p,,s,,.,,.- on, ,o,, him v,,o, van
BaId respecting h,s property Ho says IL is mistake;
that hc b. boarding with gentleman who las all Tho
paving -iu week for hs rd says let sue,
hness ilry vin accept - per cent whch would be
about about So All can say i' give HIN '"O' Il you 'H"A
I6is correspondence was IN November, 1879, the
Eu k"ajies crodu by the sing concern OF Lawrence
Co iuokwSli,ris said TO be handsome Ia appeaahee
and sin eiaris winhlng IN manner aud l. supposed 10
n X Bi,ss & Co seeasmen m Barcla5 st received a
letter ifon "A correspondent Wisconsin yesterday.
asgng 10 recommend 10 MN one OF long lisi OF
these brokers who advertise FOR country oalronase he
say-: Nuod proverb says sharp Wall street broker
Sol take the liberty Of asking you 10 tell me o me
sto,liu- and re- so lily some one OF lie anosc Or nus
have plrrnacelyCda tyorabir opinion OF N-ssr- Law
renee a.. nave from ume 70 iine srcn holice, ia
Respectable aui hch-ioned Journals speakinS afo ..y
Of them. h,lnc eklit honorable aud reliable My
uAni ht tnt hlr't 20 iaNr F'' on MAJ 1lN Sl", "''
YET disposed iu small way 80 make uiil" MANY
@tnsi. enorsts 10 50 o0OOoo m ten years.
TNc aDfs o! sxtetiuua ing iHe-e fraudulent conc"riS
LIS, & .r m -., g ~ me- sor.d ,o evigeiy r,d he
d. ts