The sun., 1892-04-08
cHROMOS AT 500 APIECE,
- oouBrrUL 11TLs TO A Err.
-,e EFT OF sCRUB-OAx WASTE


ry . DouBrFUL 7ITLE TO 4 EFT.
~,e EFT OF SCRUB-OAk WASTE
Nav York snA Hsiti.srs Laaa asS
t.,,oveneat Company . Worthy ess'
....or 70 Forgev oray's Sau.strueh
s.h.ue-The Mythical Tsispheses aaS
Electric Lishts OF KUssoiin Manor.
:, June, 1900. THE Sun exposed the scheme
.,Forcer Edgar Gray to float three-quarteri
A. million Of worthless securities OF the
rnIted states Land and Investment Company
IN consequence Mr.. Gray didn't get any sub
.crlptions for his trust certificates" when
,bc books we're opened at the ONCE Of the nov
ssiunct American Loan and Trust Company
Ar. Gray carried on his operations from Roomt
TO- II. and 13 at SO Broadway. but soon aiteI
the exposure he departed to England. Now
another company has blossomed out IN the
mmo oflce. for which Gray still holds the
lease and one at least Of Gray's associates In
the old scheme is In tho nav company.
Tho New York and Baltimore Land and I'm
proyement Company is the new concern. The
resident Of the company Ia Henry A. Heiser.
IFS Treasurer 10 r. Edgar Clarke. and Francis
y. O'Connor Is Secretary. Heiser was ior'
merly we'll known In the streot, but nc na'
dropred out Of sight lately. lie Is only the
6eure head, O'Connor and Clarke being the ao-
1.-Two promoters OF tho scheme. They haved ono
a dcsultory brokerage business In the past
but now they have combined as r. II. oConhor
6Co.. bankers and brokers' anu their nsmeap
pears In large letters upon the doors OF uray
old Office. Tho directors OF the company ore
the three officers and George f Warrington.
n
States Land and Investment Company ior
Forger Gray.
The new company claims to own about
aoOO acres OF land In Howard. Anne Arundel.
and Prince Georges counties. Maryland. The
prospectus which has been liberaly circulated.
gives glowing account OF this property. and
then tolls the would be investor how he can
obtain, absolutely free. n lot SO BY $50 feet on
this valuable estate. All he has to do 10 to buy
ono Of the company s $lOO Der cent bonds.
which entities him to e lot.
1t is in the sale OF these bonds that o O'Connor
4 60. expect to make their big haul They
have had 10000 OF them beautifully litho.
srnphcd. with tho interest coupons attached.
ready to clip of as they fall due. The bond Is .
worry attractive looking bit Of paper. but THE
tSat tho whole issue ot S2.OOO.OOO par value
which OConnor Il g. have for sale is prac-
tically worthless ana tho Whole scneme
Isntur. certificates. nre. dated New York. July.
1Sa2. and are to run for ten years at per
cent. THE Sun has one OF them. 1t reads:
This certificate s ono OF twenty thousand certificates
OF one hundred doars each, amounting in Al to two
on %Sa y. .nd: IN Ssrs.ad va Valued a shles nOn Il
the pnsp these ssrtheas.s and nserss. on the
e.. S.y and s c
year and principal and interest on the nrst gay OF
.nd sss N
one & lot % on the company nyn lands 5oxl5o ,. ~.
M ] ,ss:sm al of these ssfsnssse' on or
:;; E. :ss signature
The bonds. i will be noted; arc dated several
already advertising and selling them: The lot
81 tha cor comrans may nj "f b eon IN the middle the
ssd snd. s tss
THE SUN learns, on inquiry that the Mary
e wns possby Of sSe
S.uOOO0O as set forth in the bond. But. as 4
s In
daims ownership PVT fails to show title even In an
III THe 81 prospectus ,ssu issued by the company an
rs Manor 9. Ga%Ha
f sss saoinn ESfn
Rairoad. between Washing eton and Baltimore:
Nib several miles along the !aiirosa and the
@ boulevard; broad and 6escsifnl drive.
nes M wfn he whp 81
the Baltimore and Potomac Railroad. Dis.
tance, from Baltimore nineteen miles. and
from Washington the same.'
The prospectus then goes on to give this cat
sgoric, list, which tho Investor must assume
refers to Kilosolin Manor:
Hundreds Of trains daily.
e,of.vsry denomination.
i.epnons; and telegraph.
Gmmaniing extensive viswa
1T is trus that the section Of Maryland which
the COMPANY claims to own docs command
PASS daily. The views are OF long stretches Of
sandy country covered with SCRUB oak. which
most Of the hundreds Of trains pass at great
ments. Tor nothing has yet been done to Inn |
prove tie land. which is probably as worthless
says II That s'H st M Iotsl and Stores as to
be built ut the railroad station, while beyond,
tne ne estate is 70 be laid 4nt IN model farms OF
-. .kilosolin is undeniabiy the most beautiful:
aa1in' a.raGt!vn' prnGresstvs. and iSshionaois Of
tal business mon from all parts Of this conti-
lEAtIhcL iEoW pTObpecluS.I
The prospectus concludes with the an
nouneement thu. new boul,vards. avenues.
snd streets are being nrenel 10 all directions.
and that mans and Information can lie OBJ
h:ned At the aompany's oillcc in New York city.
called at So broadway. In the hallway OF the
hulhling the name Frazer 4 Co. still appeared
Cn CGn the directory with that OF j. II. UC0nnor Il
20. which had boon added. RoDert Gordon
Frazer WAS the dummy behind whom Edgar
Ii:ay engineered his United States Land and
Investment lnHs;tnm Co9rany sWind!e. The, reporter
N1uired At Mr. O'Connor's Office for George E
harrington one OF the compRny's directors
W." was mixed up with Gray's old scheme.
Ii. W; harrington isn't In" said the man be-
hni the counter. - Hes out Of town Just now.
Sm SH1 Ia sS al ,is confidential man and represent
Then he invited tho reporter. whom he eyi-
SSenly misfook for an investor. TO step into the
hel hnel of,ce, remarking with 4 wave OF the
ffH1S ffn tE. We've got fine offices here. You see."
Al AZ .nis inside room. ON whose glass door tha
~ r9nnie iel ~ the defunct banking firm OF Frazer 4
sfosna arc sI appeared. four or Ave men were sitting
Tra.M TfouaM Iho reporter was introduced to
snsSsssser C.arke. VINO was introduced as the
oorUSrsman osn Tor the company. When tho other
nv and ,ddIha OUT tho reporters errand they got
rnnm an1 organ to walk nervously around tho
no,in. .0in COOKING out ~ tho windows and whis-
Mr, Clarka |