The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-12-25
WILL BE PROSECUTED
MEMBERS OF THE e.. s. DEAN COM
PANY ARRESTED AT NEW YORK.
"Get-Rich-Q uicIx'' Schemers Who Are
Alleged to Have Victimixed Many
People i'm Indiana.

WASHINGTON, Dec. 24.-The attention of
the officials of the inspectors division in
the Postoffice Department has been called
informally to the proceedings about to be
instituted in New York city against persons
alleged to be members OF the E. S. Dean
Company on charges of fraud. Early in the
present year the department issued a fraud
order against the company in New York
city and it's branches in various cities in
the West, and against number of persons
said to be employees of the concern, who
were receiving mail for it in New York
city. Following this action, the postoHice
inspectors caused the arrest Of six persons
said to be connected with the company, the
latest one apprehended being Myron l..
Bernard, the president of the concern, who
it is alleged at the department, had been
in hiding since the exposure Of the fraudu-
lent doings of the company. Five of these
were persons who, it is said, the New York
police were asked to apprehend on the COM
plant of a citizen of St. Louis The six
men have been indicted and their cases are
in the hands of the United States district
attorney for prosecution. The officials of
the department say the fight against all
concerns conducting operations similar to
those of the Dean Company will be pushed
thoroughly.
A dispatch from New York says: "War-
rants were issued yesterday for the arrest
of ten men and three women, who were
the principals in the big e. S. Dean Com
pany discretionary pool scheme, the great
est swindle of the generation. The gang
fieeced thirty thousand victims and the
amount realized was $70O0.0OO. Recent dis
closures show that, although millions OF
there
is no indication that they used cent of
it for Investment. The ten men and three
women for whom warrants were sworn out
are all of New York, and some of them
well-knOWn brokers' They are charged with
grand larceny and conspiracy to defraud.
Two otherS-J. b. Kellogg, alias Jacob Kel-
Ter. and Charles Weinman-will be arrest
ed in London and brought back here for
trial.
The firm of E. S. Dean & Co. was formed
in September, 1885, by half a dozen men in
an uptown boarding house The name was
selected in honor OF the landlady, Mrs. Ella
s. Dean, who had played" Wall-street
bucket shops and had acted as ''steerer-in"
to get gullible women into their meshes
The active partners of this first Dean firm
We're Jacob Keller, alias j. b. Kellogg, Ger
aid M. Eberman and the woman known as
Mrs. E. S. Dean. Three hundred to four
hundred per cent. yearly paid in cash to
you every week. was one of the allure
ments held forth to farmers, schoolmasters
clergymen, clerks and unsophisticated peo-
pie. So much money poured into the pock-
cts of the firm that it did not know what
to do with it.
Soon the members began to conspire
against one another. Kellogg and Mrs.
Dean put most of the cash in their poek-
cts and withdrew from the concern, kel-
logg to open the swindle known as the "kel-
logg Market Register" and Mrs Dean to
conduct Turkish smoking parlor in the
Tenderloin Then the Dean corporation
the e. s. Dean Company-was launched.
1t was started by the proceeds derived from
pawning diamond ring 1t cleaned up
before it was raided by the police over
$7000,000
The first days receipts were about $500,
and thereafter the business grew like a
SNOWFALL rolling down hill. Branch offices
were opened all over the country, one being
started in Cincinnati. The Dean Company,
feeling the need of Endorsements. started
the American Stock Elk cnange of New York
City, with Alexander Seaman, of Toledo,
o., as secretary. The raid upon the con-
Germ and its collapse, the arrest of the men,
bers of the gang and their quick release
upon trivial bonds, is still fresh in the pub
lie mind. One by one these swindlers have
been tracked Now steps are fairly under
way to bring them all to justice.