The sun. [volume] (New York [N.Y.]) 1833-1916, 1894-12-14

A total of 14aH per cent. paid in ass days
Those who sent In their money got a Gu
rious receipt for 1t. 1t read:
Received from John Smith OF Sandy Hook, n. J., 800
as margins to be applied in our comblnation No "a, as
purchase or sale OF stocks, bonds, grain, provisions, or
cotton. or any agreement
sent us. while profits accrulns are unlimited. We arc
esc ssn month"; ans ps as near p as sSy Se to- fRS ron FL s sa5n iSth hw day
OF the month; further accounting is waived by mutual
ar.. ana aftseniS. days q any month upon Si1iSnss
a aSu Slowed ssn dt 70 d edsS,9q 10 Of per n cent. Of p proSts ssined M ss
our commission.
There were not many persons who were ever
their accounts. The concern generally closed
them itself. Few victims are TO be fou nd in this
Here is one instance: From one little town there
Weinman d Co. received in one week S7.lS0
from 2 dozen or so persons. Each OF these per:
sons In good time got q receipt, and each of
them was told that. his money had been
put Into . certain numbered pool, All were put
dictated that profits had been earned. but, curl
ously enough, these reports did not coincide In
dealt in. Just about the timcthe people might
have been expected to send for some OF their &C.
erued profits there was sent to each Of them =
Owing to an unfavorable turn in the mar
ke 6a, It o sef fSe s sen X, fEsei iss the w rs'; ia IA and
checks were sent for the balance Of 81, 036. In
these last letters, too, there was, a discrepancy
regarding the stocks dealt In and differences in
the prices of the same stocks which were sup
posed to have been carried in one pool.
Schools were favOrite game. From one school
In a Western. town there were investments
made a little while ago of S3,9+O. Every teacher
There were 20 subscribers, and OF these Is were
women.
About two weeks ago Walter g. Drake of
Brockton, N. Y. began a suit against Weinman
d Co. to recover moneys which he says have
been improperly diverted from his account. He
the appointment of Mr.. Hasbrouck of ESQ Broad
way 10 take evidence and for the production
before Mr.. Hasbrouck OF the books and papers
of Weinman ~ Co. This was to enable him TO
frame a complaint la his suit.
Weinman x Co. afterward secured from JUS
tice Bischon an order to show cause why the
order of Justice BoOkstayer should not DO va
Gated. The argpmen in this matter was heard
on Tuesday. The papers are still In Justice
Bischoff's hands. Drake has been dealing with
Weinman d Co., according TO these papers, al
most ever since they began business and up to
very recently.
be a record OF the stocks in which they dealt
for his account. A comparison OF this record
with the daily news letters sent out by the firm
shows, as plaintiff alleges. that at the time and
dates when they say. they bought certain
stocks for his account they were advising their
say they sold these stocks they were advising
the purchase OF them.
Drake has also brought action to recover S706
from the Thompson x Derr Company. He says
that he parted with his money as the result of
advertisements and circulars which gave him to
understand that the firm was investing money
In some pool schemes. The Thompson 4 DerT
sent him checks for $50 each as profits.
Subsequently they charged him with large
losses, chiefly In whtskey and sugar certificates.