New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-01-02
TIE SWINULING BROKLRS.

The recent disclosures regarding the opera
OF the bogus stock brokers, reported In TIE RIB
UNE, have brought To light cu ious and interesting
developments. While Messrs. Oakley and Anthony
Comstock have been interchangeable In their
efforts to accumulate evidence against them
the lawyers have teen trying to recover some OF the
money invested by the unfortunate victims. They met
with many dscouragemcDts. The willy brokers acted
upon legal advice in every step. and guarded each
trans ction TIE bulk OF the income derived from his
business OF from 81 to $40 and was in the
main sent from renot parts o. the country. the au
Ing advrrtisrm MS appearing In the newspapers or
nearly every New England village and Western town.
h. people renting these sums were for the most part
poor and unable make ANY effort toward recovering
their hard-caIncd liars
The g, dcuce lducrd within the last frw months has
enabled the lawyers 10 recover much vi Tic unlaw-
fully converted money. The first positive proof
~ the manner IN witch these syndicate operations were
conducted brought ont in an action against John
lIckling & Coz firm doing business In Broadst, for
the recovery OF ~ 200, where judgment for that
amour; obtained In the OF this trial II was
shown couclu-ivcly that the m"ney received BY Hck-
ling Co.. converted TO their own use and the nvcs-
tor Was kept deceived the real disposition made OF
the funds by OF ngeniously-wordedl letters.
Charles Bulkley Hubbell. whose office Is at No 239
Broadway, las begun actions against eight different
firms Of the character OF those mentioned IN the col
covered for his clients large sum Of
money q. many Of the brokers own property
and be compelled to dsgoge Some OF these actions
are brought upon what 10 known as an action Oh the
case IT, the OF conspiracy. and Others for OBJ
tanning money under false pretences and conversion
Section BOO Of the Code OF Civil Procedure provides
remedies Of which the person seeking TO recover can
avail himself aud generally with most satisfactory re-
suits.
The Iaeuio brokers beginning 10 find that their
occupation likely to be and are now en-
gagged IN calling III all evidence outstanding against
them and preparing to seek more cOngenial cimes The
following s copy OF letter received by Mr.. IIuboell
from client Cor whom he about to begin an action
for the recovery Of moneys; the name OF the firm Is
withheld for the present:
DEAR SIR: Not long since you made a venture In
Wall street with the firm OF OF course you iost
must know that You were swiDded but now, perhaps.
you do not undsrsand ws kUoS and that In s,ss
PLACED tie mater IN 10, my hand, m. saS
their whole mode doing business and how your
money vas invested never attack claims OF less than
order from tho court, and claims for less thsn tnat
n%"" s"% ten HA' peg p er OF ns mt
which think IA reasonable enough. Should YOU wish
send your with remittance OF SO aud your
vouchers from them and VIII guarantee remittance
OF your whole amount inside or two weeks Awaiting
your carly reply. rcmaiu truly yours,
The outraged victim ubsntly coses the so. with oil
his aud correspondence and anxiousy awaits
the recover, that All the evidence upon
which unfortunate dupc might recover IN an action
at law there IN the hands OF the original swindcr.
navel feature OF these Wall Street frauds Is the In
snrAncn Syndicate" This 10 said TO have been very
popular among New England deacons and other CON
srryaiye small capitalists The swlnders claimed that
ny OF their financial ceyerness and acquaintance
customers against all loss for 10 per cent Of the
amount invested. Judlcous advertising brought many
victims to this scheme.
A suit was begun yesterday by Mr. Hubbell against
William II. Duff ana H. LEASING. members OF tho noto-
rious firm OF Lawrence Co.. for the recovery 0f sone
their III gotten gans ana al order was granted by
Judge Van Worst for AL examination OF the defendants.