New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-06-14
FINANCIAL SCHEMES IN A FEDERAL BUREAU
An EXrIcIxG CIRCULAR on TIE WALLS OF TIL
PENSION OFFICE.

PENSION OFFICE.
Washington. June 10 Specialize matter what
may be the outcome Of the resolution introduced b.
Mr.. Cooper. Of Indiana on saturday last GAZING ior
an inquiry into the alleged Use Of his official place
bv Commissioner Raum for the furthcrencc Of certain
financial schemes it is nevertheless sufficiently obvious
that the Gyinr Of financial kites by certain high priced
officials now employed in tho United states Bureau
OF Pensions has reached point at which their frantic
efforts 10 Icclule their fellow clerks verge very closely
upon indccency Thi, system was largely operated
under the late Democratic regime OF the " Physical
Wreck who. together with his chief clerk, John
Uasslcr the appointment clerk Of the Interior Depart
uent and other hcll-Saared officials. was interested
in certain enterprises Of or less doubtful or
wildcat financial character II was q matter Of
common knowledge at that time that sales Of stock
were fevershlv pushed in the Bureau Of Pensions and
That somehow other, the purchasers Of such stock
found tho tho~nv paths 10 promotion made smooth
and easy to them. while this condition Of affair, was
the cause Of much scandal and bitterness Of spirit
upon the part Of those who declined The rtcrnc
bait extended 20 them What contributed 70 make
matters worse was the fact that many unfortunate
employees were stn suffering fr~n their disastrous
financial bleeding that extremely Improbable IN
dcrtakinc known re the John JAY Gold Mine Of
Colorado.
4 now ard seductive real estate scheme has just
been maturca i'm the Pension Bureau. the majority Of
and most Of whom are members of the Board Of Re
view the chief q which is Of is principal director
not orly were tie circulars Of this company dstTib
utcd broldoas; 10 the clcrls during Office hours but
they are openly pasted upon the walls Of the building
which are thus transformed into real estate bulletin
boards. in fact. the very circular which is printed
herewith detached from one Of the walls upon
which il wa conspcIou~ly Displayed:
once ~ the Columbia Real Estate Company 80
1926 S~t y. W. Washington. j. G.. Nav T. $500.
81. W. take pleasure n informing you that tho Co.
Iumha Real T.,,o Company has been orrani7cd by tie
election Of f. D. Harrington secretary and Charles
Williams cashier Of the wcst End National Bank as
treasurer and that charter Ia. been granted by the
1t shall be highest aim to conduct tho bust
ness affairs Of this company as n make IT, stock per.
fectly safe and profitable investment.
desired that all employees Of the Pension Bureau
who wish 70 DO shall be given ample opportunity n
stock. To this end the board q directors by unani.
nous vote passed the following resolution:
Resolved That preference b. given employees u the Pen
ONCE subscribe FOR the first go shares Of the STOCK
Of company that the BOOKS Of the company be
Kept open ten days for that purpose.
subscribers for about $50 shares ~
leaving unsod $50 1t desirable and possible %
sufficient subscribers for the additional
stock By the 18th instant TO accomplish that, and. a,
that all employee OF the Pension Buren,
who desire subscribe for stock do the coopera
ton Of our present subscribers is earnestly solicited.
/ The first payment stock will BE- received the
Of this month. and tor The convenience o the sub
scrbors connected win Pension bureau and % avoid
interference with the business Bureau the secretary
Will receive subscription. the lunch hour the l6th
Of month and at the once Of the company No 1880
Est. and . O'Clock p. that day. II Il
dsirabe that far possible the Subscriptions be paid
at lunch hour that The fund, BE- deposited
before The close Of bank hour Of the day.
If any stakeholder has any suggestion that would b
/ valuable your directors the Board would be glad u
receive it in writing. Should stockhoder know Of
piece Of property that IN Ais opinion, would prove
fUHv
writing to the secretary. stating it, location, size price
value Improvements any value Of surrounding prop
erty per foot etc. All such communications will De 70
celved conGdentiay. and Will be carefully considered
/ A. p Pardon, D. Blrtwon,
A. w Fisher, L w. Moore
+. w. Poor. J. l.. Davenport.
J. r. Van Mater c. NJ. Bryant,
Board Of Directors.
Note-Copital stock. $50 900 divided into 500 share
Of 800 each payable in instruments OF s. each On M
10th Of each month. If you desire to become stock
holder, please send your name residence ana number
shares wanted TO L. d. HARRINGTON,
Secretary Board Of Review.
OF the Board Of Directors given above Ablal W
Fisher is chief clerk Of the Bureau Of Pensions at
salary Of 81 400 per annum; Jacob II. Van Mater
chief Of the Board Of Review az $1,000; Charles NJ
Bryant is assistant chief Of the Middle Division a
FOG TGI rTe1 nf ro p until rcccnti
chief Of the Board Of Review; Eugene j. hsr1hp
ION secretary Of the company also member
the Board Of Review at II 200. and recently asssta
chief Of the Board OF EcEcylcw; Daniel BlrWc,l an
j. t. Davenport arc also the eamc BOARD al Al 20.
while Isaac ". Moore IS a 81 500 clerk IN the mddI
division.
The circular IS designed 20 have peculiarly a
tracvc flavor for the employees Of the Pension Hurcal
stating as il does that IL is desired that all cmployt
| Of the Pension Kurcau who wish I" do 80 hhau I
given an ample opportunity 10 secure stock To IN
end the Board OF Directors by unanimous vote paSsc
the following resolution etc. Rcassuring explains
tiOns are also vouchsatcd that instruments as low
- per month viii be accepted in payment for N
sharcs-of which there 800, al 300 cacI-wh
tho clerk, are tloughlfnlly permitted 10 come mp
The Captains Office and settle the 18th Of ever
month. the Scmmonthly PAYDAY.
A. IL is oppulv asserted hv certain eDvious an
malicious persons thai the purchase Of shares I'm IN
venture IS a road TO promotion in the Board
Review and IN other divisions OF the Pension Burea
the distinguished promoters OF the enterprise shou
publish a second circular forthwith, explaining th'
this is not the
FOURTH CLASS POsTMAsTERS APPOINTED.
Washington, June l3.-Fourth-class postmastcrs wei