Oxford eagle. (Oxford, Lafayette Co., Miss.) 1876-current, 1888-10-11
a BIG SwlNoLE.


"w. n. Inghan, . Co..-s New Yars BroA.
e-see Corr~rn. After Catherine. COM
Portable Amount Of Boodie oaletiy De-
parts tor Other Field. In Which tn Eatov
IL
NEW YoRx. Oct. 6--Oae % the biwxes,
swindiing schemes that have been workei
IN ths- sitF for many years has been
drought 20 light by the disAppa arafles ~
hrn- III. tngham aud the closing OF the
brokerage hrm % "W. n. Invharn q
Co.," at No. n Broadway A. re,
no accurate estimate of the swindlsrs'
profits can b. made, and very Possibly
the extent Of the fraud will never be
Known Bet from present indications
the losses cf the victims Q. ,hd speed
lpiive mania will run well up into the
thousands. and may aggregate more than
one hundred thousand dollars. The man
VINO has successfully played UPON the
gultbls. rnils himself VIII 4. fngham
though his real name would probably
not sound like that. According 10
aii accounts. he made his appearance IN
inc city the latter part OF April, iss1. aud
Opened the offics'of W. II. Inxhans & Co
at No. 10 Broadway. HIS entry on the
scene was soon followed by the appear.
ance ot advertisements In .prdry prorrl.
nsn' naprrs railiGs attention TO the i'm
heuse profits TO be gained by investing
In W. H. Ingham & Co.'S speculative
syndicate" The "syndicsta" was de
scribed M mutual pool which was
to operate in stocks. bonds and grain.
Under the direction OF wm. II. Incham
" Go. At the end % the first month n
priated statement was forwarded to all
stockholders. or members "a they were
termed showing ihat the prolt, for the
month OK MAY. lsS7. were ffty-two per
cent. The statement issued by the Arm.
taking them Tor what they are worth. go
to show that the profits, FOR th. several
Months irum June dows we're:
Jny, forty-three per cent; August.
twenty four per cent. September.
si1ty-seven per cent October. forty
SIX per cent; November. ifty-
SIX per cent; December. forty two
per cent: January, IsSs. tweuty-n nine per
cent; February, thirty per cent; March.
eighteen and one-hAlf per cent; April,
twenty-five per cent; May. twenty -one
per cent; June, twenty-six per cent;
July, twenty-five per cont; August. ft-
teen i'er rent.l September. about twenty
tive per cent. OF course these profits"
were all purely imaginary, aud such
dividends as were paid were paid out %
the money invested by the dupes. How.
many Of the nominal dividends actually
were paid can not be ascertaineI. but
since December, at least. the dividends
indicated kayo actually been paid
While Ingham's business was booming
along. and letters, kilograms and visit
ors daily pouring in, he was making
preparations TO close up shop. On last
Saturday he maile card to his victims.
reviewing the career ot the syndicate and
announcing that in consequence Of the
members solicitation he had met with
heavy losses, which hal forced him to
suspend with the loss of the entire syn
dicate membership capital, aud all its
business aud Offices are closed"
The card goes on to significantly remark
that ''We only hold your names" aud
concludes In this wayi AS soon ~ we
can get matters arranged aud our ac-
counts Strengthened. with full details aud
| figures of the losses aud trades, and open
| offices again, we will notify you. By the
word Co. after the name sw.H Ingham. >
is meant each and every syndicate
member who constitute the company OF
the firm"
According 70 stories % the other occu-
pants os the buillin. at No. - Broadway.
Insham was last seen at his Office Satur-
day. He had Yale lock put on the outer
door when hs removed to his new Office,
and rs he took the key with him, no one
can now get Into the room. glimpse
through the letter slit however, shows n
big accumulation OF mail lying on the
floor where it has fallen through the slit.
Scores OF uEdelivered kilograms for
Iugham are also lying at the adjacent
telegraph Office. Ingham would
never allow the tanitress or
any one else to see both his rooms at
once. and apparently removed important
books and papers to the rear room. and
locked the door when the woman cleaned
the front Office. His residence is given in
the directory rs No. - Broadway, and
there is no clew to either his actual resi-
dence or himself. He is not member OF
either OF the New York stock exchanges,
the Consolidated Exchange or the Produce
Exchange, but had intrusted an aggre-
gate of about five hundred dollars worth
OF mining stock to the Open Stock and
Grain Board OF New York Qimitsdl, at
No. - New street. to sell for him.
All his checks were drawn on either
tho SeabOard National Bank or the
United States National Bank. They were
always careful TO look up his account be-
fore cashing his checks, but he never
overdrew on them. and apparently paid
for hall services, etc, in cash.
Judging from the bank officers state
nsents Ingham has altogether withdrawn
his deposits. or has but small balance
on hand. There are some reasons for
thinking that he came to New York from
Chicago.