The Panola weekly star. (Sardis, Miss.) 1882-18??, 1883-02-10
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tNlrusltN tfHnlnlHat HHiu-tli a hHHHa If
". ra eititd f.rmWiug 4 Merriam. q
y ttuln NtH thlfl a 2. Hrnh Z Ga. nHl
iulwufih tt his inut hrcn auhlati nt IN.
Vu , W mar Ibean 81 homes, NJ man wh1sa
l,rulHilrn e Y nimo4i every fase smHthed
trhNhed 70 pHiui Nhirh "a rglleetif asi0uiah
luH Tho cpts ~ the ilriH ~ u mmlHH s
Met iHn Htt aitnplt unlrnnitH as " u b. suHn
~ ~ r'neh 10 ihe siHinmanti appended herr
in " is esi mated thuk with approximate
Vurfut tiliiHs lhAi TIE reNHpis ul tho iuur rHfr
terns hHinrl niute hnvu had MT aggregate
NtuthHr dnilf for the Inst rixtg days of MT
luss tilHn tl1un nrln Hing what they hntu re-
tHNHi ht ltn tnripui utpusH cuinptnlcs. The
hfih ~ llcninlhH a Norrilfn have. W The
twenty days ltHm January T. iNh g Jun+
linfy ~, i'El received through tho
thrnao inst dlIcH 10 tua strrel lat
tufH Nun uf THESE registered letters
contained less thnn Z 10. and ,rry manyui them
puitnnnd amounts varying frlm FlO1 10 sf0h
hey have ~ the aumc time - eplNeh ahuWt -
nnuey' '0ri"ft. lRgr rtHalinH taltld Il Is OF
onuiHe Impossible a. stale Heruralrly tic
mt 4ttfffillGI flYu lac 4sHNa aful q Na
press companies. hut, Judging from slnte-
hlru mndn ~ QnH IN position tn kunN Huuite
thing uf thor business, they received last week
over flntn by express, n II rfgsuiuod that
tholr receipts by csprrss lor ho twenty dhyi
were not iaN than tBD ARgrnaHlidF the
receipts from these sources II would apnear
TINT thos have received 10 tho nnHhhufhOod Of
tA,tNi nee January IN thu slme period ~
twenty dnys tho hfm of II. n. Kendall a Go.
have had rnshni nbuut Il : mnnay-urduta, for
the sum % tlDHi. This latter lifn hns al=u re-
relNel u that time 81 registered lrliuft nons
containing leA than tla, md many ffun tld1
to tb1. Esiimutii y the huancsa ut u, u. Ken.
dali Go. VI two thirds thar uf llrmmug
Merriam. II wnull aggregate about f5LDbi
N thirty days The other iwo iirm., chlrles
J, Henri o.. mud CltwOrth To-, do a
smalle hnelnu =, IN two 0probably aRHrvRailng
nj out $4,000 IN mo1aY 60 yod In The anne
I me. Now. M g. the character ~ the butlnoss
done by thc.o firms. ! appold tc this report
the cCrlin ato OF the Chief Grain Inspector,
that none of these firms are known 10 tha
State inspection ncpa tmenl "as warehouse
mon. grain receivers, or shippers, nor In any
WAY connected with tho actual Rraln irdo."
The pretense IN their circulars that they arc
commission merchants IA fictitious, except to
the extent that one Of them has done little
commission busln - nnd now operates litta
for aamu W cnstp uorA. Tho prinepti feat
ufr Of their fraud IA this they pret nd ~
eon'luct whnt IL termed by them a" Mutual
Investment Club" or Mutual Operative
Fund comp9sci Of the :, money OF
"turkcrs' aud " Rrcenhorns," who buy
shares ut flp per share md tako tho chances
that the managers use the aggregate
funds Hubsrrlhod By the shareholders H. speo-
ulntinH In gram, Htnrks, etc, Tho managers
every few days " week. make reports .bow.
inf that they have lost or nude ~ much
money. aud, II the latter, they return to sbare-
| holders pretended profit OF 50 much per
ctnt. They cnnnot show tnat they have evnr
made the pro 4 or losses they report hy amy
reputable proc. What tnoneY they 10 urn ~
| profits Il solely just what they choo. Q, and
| they choose TO return Just what they think will
| induce the shareholder 10 invest more largely.
| In some cases thay have, ~ sm II Investors,
| returned ~ profits u lottIoas showing Of a
| lirge u, rueniagn OF tho investment. Tho fs.
suit has bcen that sneli investors. mostly from
. remotn place and In distant states, havc
been induced 20 Invest large amounts anew.
Men starting In with fi1 or tzU have bcon IN.
| ducad. by receiving n fntiorug return, mi ..
cal, d 'prunts" 10 invest slD0. an and IN
many oasos within my knowleslso ~ higf
ever aet IL Just what tho oct viii OF tho fel
lows who run the ennrvrn arc dtspasoi tc
semi them; That they afe scounlfcs and
by the aniaccdenis Of some Of them. John
flemm ny. Of fleInmng a Merriam. waa
partner In Detroit uf Mckinney. Moainnc,
q now serving term In tho Mohg gan stats
Prison for "fenoiBx' stolen goods Flemmsna
himself was arrested in letrit for fraud. and
exposed by thn 81 chtplH FafHsr. The notorl.
Gus Benjamln Buckwater, Of New York, no~
fugitive from justice, is understood 10 hay.
been moving spirit In tn organizing Of tho
swlndies In Chicago. Frank 4 waers and
Dan IorinR. OF Chicago, hsvr some ennnoc
iinn, nifhof open. or sncrei, with fIrmininz \
Merriam nniH Randall In Waters y a
lrother~in-law OF Kendall Waters and oring
worr In thn frtstis IrirHd lottery swindir and
newspaper fraud few years aso, and bufh
have run as closely 20 tho limits Of criminal
inieffersnoe hs tnny naTui an are known
unnsasfions hefefnf0rs. The manager u
fifndstreut's Commercial Agency, Mr. Turn
bull. who has battnr knoslcdge 0f ths stand.
rasu. has perrmpiorily refused 10 ALLOW either
| ~ tho firms named 10 beeofnr sui scribers ~
the znney. and denoniinaias ihrin tulis and
swindlers of tho worst sort. Tho iiun. Harvey
| II. Colyin, ex-sayor Of Chicago. nov Manaarr
| Of tho United = ates Hxpfc.s Company, HssuT :
/ tue Of hls willingness and dnsrs tp bfalk up
tbe-a m0nstrous schemes AMI prpin 80 10 ACT
simultaneously with .ha y stoilce. Uptn-
/
them. Ar. sesion, Manager Of tho American
| Esprass Company IN this city. will do tho same
thing. aud says be has no doubt ~ the disrsp
utAbie and unlawful character u The scheme.
Jounai. tho Hon. W. r. Nixon. Manager ~ Tho
Chicago Infsr-fksnn. the managsr OF ihe Hssf-
efn Ihtrri. and others present certificates %
which invita respectful attention staiinx. that
lhess seoundrels print and sratter broadcast
ihair circulars and advert sement. which pur.
| p0ft 10 he rories of editorial Inducements from
! reputable newspapers. 0f their ffanda These
rurt ncatcs shpw that the notices copied "
them were paid advertisements, written by
| themselves. and then copied for their own
| purposes. Hardly business house In Chicago
iiut Il Hooded With letters OF inquiry and com.
paints from People AZ over The unii.d stafes
pioy largo numbers Of employees In addressing
and mailing their giaring circulars 10 remote
rats of the Union, getting The names Qf work
mon - fartgrir., ooaEnins., ron works, eio.,
n their agents. and to invnst with them. fs'
sire the department 10 take tho eariles, possible
moment and asgltidr these cones rms by name
irn ss gs ss ,1. - ,sosIsiag ~
nee. I append my own aildaslt 10 my belief
as 10 the facts. VERY respectfully.
D.A. hAr. poslofics Inspector.
AFFIDAVIT.
STATE or I.sirois.
nanirf A. nay. bolug duiy rworn fo'h fs
| Iosn and say thst frtfn careful rxamiusfinf
he Il led 10 bel eve and does b.lleye the flFtn.
styled FIemminz A Merriam, r. y keudall
IN. Charles ]. tlenh & Go. and rtliwyFth .
TO. ~ Chicago. Ill. are enzaxnd IN conducting
f.a,ldulen, schemes by the ,,so % thn nn.te
sworn 10 bafpre ms thI- 2sib day OF January
lsu y. &. TrHsKn, postDfHee Inspector.
sANrtH HLAHN.
, ordsrshlsnk for shnrns IN the Mutual coop
sfafifs Grb, bennett. Hoffman 4 Co.
Managers. 10 and isT Hast Washington
ftrees, Chicago. III.
ssnfissasa. Please md herewith incinset
f.. for whieh forward 10 my aidrrss-~-
! sharel in the Mutual Cooperative Tub
II Yuu naTu not our iafKH rfrrHM OF HE
ulanafnn sand for n. Write name and ad
dress plainly. Town ----, County -
State -----s
risn nafua---
!, case No tpecisl
D. A. nAr. Inspector.
AauTHNn rfHN.
4 poNf-uFFfr9 fNsFHrfoHf DrTfrF.
-. $50