Waterbury evening Democrat., 1889-04-16
FORMING A COMPANY.
A1r. Brooks, of Wall Street, Now York,
 Tells How It Is Done.

Ar. Brooks, of Wall Street, Now York, Tells How It Is Done. When Mr. Conder came to the city he had no doubt at all but he could easily form his company. He knew that his proposition | was square, business-like proposal. What | he had to offer was good investment. The 1 returns from the investment would be as l certain as it was possible for any thing | human to be, and the chances were that they
 would be prodigious. In this frame of mind, l says writer in the Detroit Free Press, Mir. Conder called on MT. Brown, the capitalist, | with his letters of introduction and pro- l ceeded to lay the scheme before him. 1 "There are two of us in this business, ," he l said. "I have furnished what capital was l required to carry on the enterprise to the 1 present moment, and my partner is the
 patentee of the process by which the article l is produced. By this process the article 1 can be made at cost of fifty per cent.
 less than by the old method of manufacture. l If we got once fairly on our feet, competi-
 tion would be impossible. Now what I | have to propose is this: You send an ex- | pert to thoroughly examine into the busi- | ness as it now stands-into what we have done, and into the patent and into the old l process of manufacture. All of our books ] and secrets will be entirely open to you. | He will see the mill as it at present works. | and he will see and understand the neces- l sity for removal and enlargement. Send
 man in whom you have the utmost conf- l dence; there is nothing secret about the l business. If he does not report that the enterprise will pay two hundred per cent 1 upon the capital invested we will pay all his | expenses and leave you just where you are l at present, and you need not entertain the proposal any further. If, however, he
 finds, as we expect he will find, that the
 business will pay profit of over two hun
 dred per cent, then we want $50, 900 capital l to go on with. "
 'I have 10 doubt," said Mr. Brown, pc
 litely, ''that the business is all that you
 picture it. But the trouble with me IS that
 1 am in more enterprises now than can
 conveniently handle, and 1 am more anxious
 to get out of some of them than to get into
 any thing new.n
 "But,' said Mir. Conder, ''surely 6 busi- ness that will pay two hundred per cent. is l worth going into, no matter how many en- terprises a person may be engaged in. Even in these days two hundred per cent. is } not very common thing"
 'Wen," said MT. Brown, ''I will think of it. In the meantime you might see Smith. think he is moro apt to go into thing of , that sort than I would be-"
 To make a long story short, MT. Conder , 1 went to see Smith and Jones and Robin , son, and all the rest of them, but the result
 of 1t all was that he did not get his company 1 formed. He aStonished and somewhat , saddened at this, as his proposition seemed to him to be perfectly business-like and to :, involve no possibility of loss, if the report
 of the man they sent was not satisfactory But, nevertheless, tho scheme was fall ure. No company was formed. No capital could be got into the business.
 Shortly after this a man from New York . opened up offices on the principal financial
 street of the city. On the plateglass win dow, in neat white letters, appeared the words:
 "Sugar and Salt Company, Limited"
 There was a brief item in the papers } which said that the Sugar and Salt Con- pany of New York had been formed and : that the stock was s1,oo0,OOO, most of which was taken up. Shortly after there appeared
 another item to tho effect that MT. Flint, a 8 New York inventor, had discovered won- 8 derful process, the particulars of which 2 could not be given to the world, but which, l when 1t did come out, would astonish finan-
 cial circles.
 How the thing was worked will probably I | never be known. But it is known that
 shortly afterward Mir. Brown found himself closeted with Mir. Flint in the inner office 1 of the latter gentlcman's apartments on o Cash street. It is also known that Mir. ~ Brown left very jubilant over the fact l that Mir. Flint assured him that if it was
 
 MT. Flint would let him in on the ground 9 floor. Brown afterwards came back and 1 secured the same promise for his friends, = Smith, Jones, Robinson and the rest, and d before a week the stock of the Salt and o Sugar Company was all taken up Flint had refused to patent his process. I He said it was not sa:s nowadays, as any ! body could get copy Of a patent by paying t a dollar or so. The process was entirely a Il secret, but terrific profits were claimed by n Brown and Jones and Smith, and they were @ highly elated over the prospect of adding o millions to their already large fortunes. A
 pound of salt had been taken and placed l in peculiar looking box, and after the . l electric current had been turned on the r pound of salt was found to be a pound ot r. the finest sugar. The cost of the trans I formation was nero triviality, and the l profits reckoned were to be something i'm -- mense. Capitalists were eager to get 8 l. chance at the stock, and MT. Flint could l. have had twice the amount he had thought a necessary to raise.
 @ One morning, however, Mir. Flint was F. missing. At first there was very little
 alarm, but after awhile the stockholders
 who had put so much money into the affair
 thought it might be as well to investigate 6
 little into the secret. The box in which the salt .s had been placed was still standing against " the wall where it had been on the day o1
 1 the tranSformatlon experiment. upon open a ing it it was found to connect with an inner t room, and on entering that room the stock. ' holders were shocked to find various pound
 boxes of sugar and various pound boxes ot
 salt, which they recognized as the original
 ones that they had seen experimented with V before. The papers were full for several
 days of the great salt-sugar swindle. An
 oper ator in the inner room had simply sub 5. stituted box of sugar for one of salt while y the capitalists watched MT. Flint manipu ls late the electric current in the public room 4 No doubt MT. Flint, who is now enjoying I4 himself in Spain, is much amused at the
 editorial comments on the gullibility of cap 7 ; italists in general.
 a. An Odd Breach of Promise Case. x A very curious breach of promise of mar