Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1891-06-07
YANKEE DRUMMER
FIGURES OONSPICUOUSLY IN THE Barring
BR0TEsRS FAILURE.
dow &c Worked His Way Into tha CODfdspcs Of
the American Firm and Afterwards the Head
Of the Barings Of LoudOn-A Remarkable
Story Of Crsdulity and Fraud.

New YORK. June 6.-As soon as tho col
lapse OF Barring Bros. was announced the
New York World sent a correspondent to
the Argentine Republic to inquire into the
investments which precipitated the failure.
The correspondent made thorough IN
yestigation and his report makes a remark
able story. showing how Charles II. San
ford, a Yankee drummer f,r the sale oil
pills and q ilet preparations, first secured
membership in the American firm OF >. Is.
Hale x Co, in Buenos Ayres, and after
making 81 100000 by single hnanclal
transaction went to London and won the
confidence of Lord Revelstoke, head
of the Barring firm, thence returning 10
ARGENTINE and investing untold millions OF
Barring gold in doubtful enterprises and Sc
entities He made the acquaintance OF the
female members Of the Hale family, and
worked on their pride, by showing Wnat
great future the younger members OF the
firm would have under his leadership. He
became member of the drm, and then by
subsidi2ing government officials, he IN
duced the Government TO lift popular
loan the form of Hale Il Co. were carrying,
clearing one million dollars by the tfansac-
ton.
Shortly after his successful venture San
ford went to London, where he secured the
confidence of Lord Revelstoke, bead OF the
Barring firm. and when he left London, he
carried the promise of their millions Tor IN
vestment
Then he subsidized officials to secure the
enormous $50, 900, 600 water works contract,
for nothing is conceded from the govern
ment in Argentine without a price
Juarez Celman was the Chief Executive
| l. ....,,, ,.;,,a CO... hOOdla before he had
warmed the Presidents chair, and at the
time the concession was granted Barring
Brothers through Sanford, his need OF
money was great
DR.. Wilde. another of the gang OF sharp
ers who formed the Doodle ring OF Argen-
tine was Minister of the Interior. Celman
received upwards of 100000 for his fee,
! in granting the concession. The additional
sum of 100000 was also paid 10 the FreSl
dent. The Minister of the Interior re-
| ceived 800. 600 for his share of the deal.
| II proved difficult task for this cores
pondent to trace the entire disposition OF
| the Barring corruption fund used in the
water works deal The beliefs current
here that nearly 800 900 was spent IN the
"preliminaries Having secured this con-
tract. Barring Bros forwarded TO Sanford
| two installments ef - 100000 each and Il
third of like amount falls due this summer
Other sums were advanced at various
times. until now the correspondent esti-
mates the governments liability to Barring
Brothers on this single enterprise at nearly
$50 OO0, 000
The losses of the Barings from their
water works investment will not be as
great proportionate'y as in their purchases
of bonds and other money securities. The
"circumlotion Office system prevail there
i'm all its completely. If the inquirer who
wishes to know, is regarded as asuspicious
character only t be denied Information
one i've million loan to Cordoba, says is
larger than the entire province is worth
The Barings also have large investments
IN railroad bonds, but these the correspon-
dent thinks will yield fair returns in time.