New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-01-07
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The re6nsd swind]s which ~ eIven invusoun1
here snd across the pond IN eIeoekie sAssk 1uzlnU
the last few days naturally enough had . -
back ss topic of conversation yestep1sG II
congregations Of business men who diseunDd -
Wall Streets curbs the pertinent question - =
who got the sugarf" were scattered by H. 0uieo
Of the Sunday. and those directly intercstsd n
the Electric Sugar Refining Company had with
drawn from the gloom and drisxk to the ooecX
warmth of their fresides The Tnbune's int<e-
view with Mr.. Butterdeld. ons Of the ORIGINAL
promoters,' opened wide ths eyes Of tie public
to some Of the peculiarities Of the game and sue.
gested delicately how money could be made With
out investment, II the inventive genius of Pro-
fessor Freund be properly utilized.
The strange aspects Of the great fraud hsvs
resulted in several wild theories stranger still
than the truth Prominent among thee II ~
suggestion that Professor Ffeund may not bs
dead. The fgneral on that blizzard day, which
had been selected for tho last honors 10 the
Professor was 70 simple, that an impostt1oR
would appear not entirely imposdbh Ada ths
fact that the cemetery records Of Professoe
Freund's burial are said to be wanting and ths
idea assumes even q semblancs Of probabii0.
The opinion Of one Of Mr. Freund's FORMER friends
and associates, however, is plaussble ono.
what knew Of Ffeund's condition and habits
feel certain that he did die. The burial wue
kept quiet and unostentstiouA and the recoels
were suppressed undoubtedly for the purpose %
guarding against stampede Of the stockholdsssL
The sudden and sensational announcement oe
Freund's death would certainly have a6ectsd
the stock, for the existence Of the originator and
pcssessor Of 'tbe process would have been con-
sidered essential to the success of the scheme.
IT MIGHT HAVE LEAKED OUT sooNER.
It was learned yesterday that as long ego a
three months complete exposure of the fraud.
together with the personal record of its pr
petrators had been prepared for publication by
person who had once had faith in Ffeund, but
had been converted The publication was ON
the point of occurring when the author Of he
ARTICLE as well as Mr.. ButterfeM, Mr. Deyo and
others, received warning letters from HowS q
Hummel on behalf of Mr. Cctterill The letters
simply informed the recipients that the lawyers
had been retained to proceed crminslly in ACTIONS
for libel against any one who would cause the
publication Of any article derogatory to the in
terests Of the refining company. The notices
had their effect for the prospect Of i6sston
offered more discomfort than there would have
been fun in the exposure.
who is nearly seventy years old. still has faith
In the invention In an interview. he said
. believe this scare about the fraud and fail
ure was gotten up just to scare stockholders
into selling out at . cheap price It is . benr
srick, and is intended to make such people
as myself lose their money" Mr. Deyo originally
put into the scheme q lot OF mining stock. which
he estimated at the time to. be WORTH $40, 900.
but which is worth nothing now. He gave
those securities to Freund, and relied upon tie
. Professor'sv honestly for returns, without tax
ing even receipt or obtaining signature to
q contract 4.
The announcements that Mr.. Cctrerfn wss on
his way here from Milan with Mrs. Frsmd and
George Hslstead obtained headway in The cit1
but neither its source nor its su-
thenticity could DO determined Mono Of Mr..
CotterilPs friends was in position to anarm OF
deny the rumor
AN EXTRACT OF INTEREST.
In view Of the facts brought out. the following
article from The Sum of July 20. 1875. makes
exceedingly interesting reading:
THE FLIGHT OF LAWYER
HIS CLIENTS DEFRAUDED AND HIS LARGE JAN.
lily HEARTLEssLY ABANDONED.
Mrwm Henry Cotteril, Of London who had eu1cyed N
joyed unimpeached reputation and numbered aong he
clients many great mercantile houseS 70 NewYork
about vs years ago and opened oce At No. 81 Nassau
st. his European reputation. his knowledge Of merean
tile and his familiarity with the practice Of BriasA
courts for him . goodly array Of cients-EnshsA
widows pensioners and others having claims
originating abroad Then Mr.. Cottenll enlarged the
sphere of his operations and undertook the investments OF
money belonging to his clients
Within the past I'VE weeks. MI. Cotterill has been
rarely found HIS ONCE stn he satisfactorily explained
away his absence saying that he had urgent business
In Boston and elsewhere One Of his most eonhding
clients who had given him charge Of 900 for rein
vestment was Major Patterson late Of the BrftdsA
army veteran who had retired from the service and como
TO America TO ind . home for himself and bis aged
mother Distrustful Of lawyer the Major went to
Boston and found him. Cotteri apologized grscsfay.
and said that he would return 10 New-York at once
and hand him his oney He did return TO TIE city.
but failed to keep bis promise and when
tho Major called OF the lawyers Office. 10
empty Then Major hurried to Cotterl's fsmily's
home. drugstore IN Sixthave.. near Eofynnthe
st.. and found that also vacated
On Saturday last Mrs. Coteril an educated ana we'll
born woman and her eight children passage In the
Storage Of the England. their ickers having bean
sided by contributions raised by the Of the church
that she attended husband having left her wholly
destitute. Cottern had decampcd with $4,000.
Both Major Patterson and his mother died bes
fore 1sS3
FURTHER LIGHT ON THE SUGAR FRAUD
st. Louis, Jan. @ (SpeciaI.-Among those who rad
Of the collapse Of the Electric Sugar Refining Company
With lively interest was C. Babbitt ct the St Louis
Sugar Refining Company, of this city. Mr.. Babbitt
Is the engineer who placed all the machinery in tho
refinery In Brooklyn, and bis story indicates that the
conspiracy includes others than the Freunds at IL
Just two years ago." said he, since went TO work or
he company. hal set up and connected the hoilsm
Ind putting in the steam coils when President
,ottern and got talking about the 'Professor's'
cheme. had concluded that 1t was fraud
made this Investigation because President Cottenll
azuI A. A~xzw H.
was sent up to. the secret room next day 70 Ak
he heating pipes but found watchman at the door,
We bad some words, and the next day C0ttcriu
'ald he would have TO lay me off, and euperin-
endent Snfen said the Same.
Il told cotterill, snifen and Robertson altar fuu
Investigation that the whole thing was fraud.
Well. they laid me of and gave me &100-I don't
NOW what for--and told me all had TO DO was -
eport to President CotterilPs ONCE and draw my
alary. reported that way for several months.s
FARNERs KILLED By BOILER ExPL0gE0N.
Ptttsburg, Jan. 6-From Newhope, Mercer County,
" Va. tho POST learns Of fdghtful accident On
,afnrdav affernoou number Of fArmors hsA