The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1892-10-01
Mr.. Haupts Great Scheme TO- Make
Money Out OF Montana
Property.
Assistant Attorney General Tyner
Says tt Is Contrary to
the Law.
He Teleg graphs to Helena That tho Fraud
Order Is Not Keseindsd and Not
Contemplated.

A few days ago the Butte Miner pub
lished a paragraph from its Washington
correspondent to the effect that the post
master general was unable to find a law
under which to exclude from tho mails the
circulars Of the Montana Mining, Loan and
Investment company, which has its head
quarters nt Butte. and has branch Offices at
Chicago Rnd New York. II 10 quite safe to
inform the public that the statement is
false. The following telegram was received
in Helena yesterday by Assistant United
States Attorney John Mcdonald: "Wash.
ington, ID. G., Sept. 80: Haupt scheme, on
investigation, found to be violation of lot
terry act. Fraud order not r%escinded, nor is
such action contemplated. JAS. N. Tyner,
assistant attorney general"
Hauprs scheme has been extensively al
vertised In the United States. 1t ia out
lined by himself in an interview printed in
the Miner on the day following the receipt
of the information that there was no law to
prevent his using the mails: "SpeRking of
the matter Mr.. Haupt said the decision of
the postmaster general is just what he ex-
peoted as 1t establishes the legality of the
business. The gentleman also says that
naturally the objects of the company is to
make money for the stockholders which its
plan fully shows. All moneys are received
from stockholders and under the plan 30
per cent of the receipts are loaned back to
stockholders, rs per cent 90 to the expenses
of the COMPANY and the other 25 per cent is
invested in a manner to secure good profits
for the benefit OF the stockholders. He
claims that at present there 10 no better
field in which to make safe and profitable
Investments than in Butte or Montana
mines and realty. The company has agents
all over the United States and Canada and
the reports from them show that 1T is
growing in popularity and that it ia doing
more TO advertise the state and city than
all other institutions combined. Mr.. Haupt
also says that the parties connected with
the company are responsible property hold
ers in Butte. and that the indications are
that at maturity the stock will be worth at
least double it's par value"
The New York Herald takes a different
view of Haupt's scheme. 1t gave two ool-
umns and a half to the subject last Sun
day. 1t says that 'the evasion seems to be
of the boldest character, and yet is likely to
hold good until congress shall legislnte
| against it, and if the Montana concern be
really a lottery in disguise it is by no means
certain that further legislation of an etfec-
tive kind can be passed in the face of the
powerful influence that can be combined
against such an attempt. y
This new scheme has been very ~cleverly
worked up and displays an admirable talent
in blowing around the lottery law while
closely adhering to the fundamental char
Rcteristics of a lottery on the familiar lines
of the late Louisiana octopus. Unless the
government lawyers should prove sharper
than those of the Montana concern, and
find some means to circumvent the new
loan and investment enterprise. the malls
may again swell with tickets, circulars and
remittances.'
ton with an attemnt to ;nm,n aom 1on wes,
side real estate. The owners Of the prop
erty had very little trouble in getting
Haupt off their property and he did not re-
turn.