New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-01-16
ARRESTTNG 4 BANKER.
CHARGES OF WHOLESALE SWINDLING.
EDWARD H. HoRNER GETTING RICH SELLING
LOTTERY BONDS.

EDWARD II. HORNER GETTING RICH SELLlN"
LOTTERY BONDS.
Edward II. Horner a banker at No. SO Wa!I-st'.
was arrested yesterday the charge of violating the
new United STATES Anti Lottery law by sending through
the mails circulars containing lists OF prizes drawn III
a lottery The compliments are G.. NJ Flenahg' Oh
Chicago and William Conard. Of Washington fo't
Office inspectors, who were detailed three months d|o
TO work on the case They that lorncr carries On
a business Of 100000 a year in lottery bonds OF
foreign governments deriving profit of about 800
600 from il annually. Ire ha> Offices in Boston, mi
caco It. Louis Rochester, Milwaukee. Denver anu
various places in Mexico and south America. seven
indictments were found January IL against HOT
ner in springfield H., each Of them having i've counts
The circulars which caused his arrest were seH' ~
persons in Belevine, III.
The two inspectors say that Horncr has sold lottery
bonds of the face value Of s. 100000 in this country
and that his business is big swindle. The bonds.
thcv saw are tickets in two lottery drawings in inc
first they have chance If winning prizes and II their
owner is successful In the second drawing his bonds
are redeemed at Those bonds which are not
redeemed at the time Of the drawing arc not PAID 10Y
fifty years or more some OF them draw interest but
most do not.
The inspectors alcge, however. that liorncr never
allows one of his customers to win prize. II the
bonds of any OF them are entitled to cash premium
he keeps the himself it Is charged, ana ne does ho'
send out the number of the lucky bond on his list
some Of the securities in which IoTner dealt are te
following: Royal servian Government premium D0hu7
Of 1880. Italian gold premium bonds oil ln'O, Ha'hi't
premium bonds7of 1856. Holland White Cross premium
bonds of 1885 Hungarian Red Gross premium bonds OF
l573 Rotterdam schOuwburs bonds of lo62, ana "
per cent SerVian bonds Of ISL.
The Inspectors have kept close watch on lIoFlcT'
and say that in December he sent ont 2Gi" circdar
20 1122 cities. They have also list # persons l"
whom lie sent bonds Tie punishment for eHch oHen'e
is q fine of $500 and Imprisonment for one year anu
the inspectors say that they can prov" MN suilE %.
an Indefinite number Of offences. 1Aey Gct!it tltl
he sold his bonds tn" in-tanent plan, lecclNlhT
payment at the rate Of So month on bond, ol :l"'
and so on. lie charged the full face valuc oi NJ
bonds they say. although their market value Is On inc
ave age only orc Thrill Of that sum.
Deputy Narshas BrOcmcYcr and osborne adcl t'
nenccicrs in making the arrest. Homer was ar&-n"i
before nted states Commissioner shields in the aitrG
nom He was represented By Alfred lay Tor ara lic
man AarCr Mr.. Aaron declared that his client hid
brnn hq1y treated Homer had written late IN No.
venber TO POstUaStcrC General Wananaker 10 learn u
Inc cOu,d legally send hi, circulars through the mails
and had received word mat hc Wa breaking tue law
i.-poco Fleming said. howe, that H. had b'" AZ
work on the before the letter was sent \ largo
nurnbo, If complaints hid been received by the I"7i
nfic4 Department about Homer business. he said
Nr shields held the prisoner in $1,000 hall -" cN
a,,'nat.oa tomorrow. Eeil vas furnished b. Moses
Nchryach.