New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-04-06
THE Z. 8. DEAN co. QUITS.
ITS OFFICES IN THE HANDS OF THE
SHERIFF.
"aET-RIcH QUICK CONCERN THAT RECEIVED
LOT or MONEY FROM ALL OVER THE
CoUNTRr-THE SAFE EMPTY, THE
BOOKS GONE AND TIE PARTNERS

LOT or MONEY FROM ALI, OVER THE
CouNTRr-THE SAFE EMPTY. THE
BOOKS GONE. AND THE PARTNERS
NOWHERE IN EVIDENCE.
The officers of the r. S. Dean Company. bankers
and brokers' at No. rs Broadway were closed yes
terday and In possession of Deputy Sheriff Henry
Lpsky on an attachment issued Saturday for
ss6 In favor OF Theodore Il. THOMPSON on
signed claims for money deposited with the COM
pany In September last by Frederick r. Seavey,
Joseph w. &. Seavey and Emma T. aeavey.
Samuel w. Fest was In charge keeper for the
Deputy Sheriff. who when he served the attach
ment found the safe open. with nothing In II. and
also discovered that the books Of the company
were missing
The company had a membership In no exchange,
but II did largo business In stocks, grain and
provisions. 1t occupied four the third
| floor, 'front.' ut the number designated, and was a
/ busy place up to Saturday afternoon. Its custom
ers were wholly outside OF New-York. and It's
business was conducted through the medium Of
the malls. 1t said It received remlttances
amounting to from $4,000 to $4,000 day, which
counting 800 business days to year. was at the |
ratio Of from 100000 to A.50ocO per annum
Whether these figures correct or not. 1t GER |
tain that money poured ir to the company in |
enormous sums.
e. S, Dean, It may be here remarked. Is not Il |
man, but q woman, and had little nothing to |
do with the concern. II is reported that she was
| in the not remote past a chambermaid In Smith
| & McNes Hotel in Westinghouse between |
Vesey and Fulton SITS. Subsequently, according to
the story, she became typewriter. either pre-
tended real.
The concern began business in September 1895.
| as L. s. Dean Co. The partners were L. s.
Dean, w. +. Conner and Gerald NJ. Eberman.
Eberman is now running bucketshop In johann
nesburg, South Africa The incor-
porated September 80 1896. under the laws of New
Jersey with authorized capital of S1Cc0.eO
but with paid up capital Of $4,000 divided into
Myron L. Bernard, n former newspaper reporter;
Jacob Landsberg and Leopold Balbach. Bernard
was chosen president and LandsbeTg secretary
Landsberg is boy eighteen years old, who lives
in poor rooms at No 20 East Hous ton 5 a diS
not know where or for whom Balbach's address
Nothing was known of him at this number when
inquiries were made there, and it was said he had
it was stated that Edward + .Farrand member
OF the Produce EXfhanGe WHO is Is put down as
No IS Ns%,st was made teaSvre eGen as
TO know Thompson, who procured the attachment
against the +. S. Dean Company, nor the Seaveys
who assigned their claims to him.
THE TRUTH" ABOUT IT.
The E. S. Dean Company had "system'-that
is. people their money to It, and 1t invested
1t at its discretion on its system. which was guar
anteed to return profits. Here was the way one
of its advertisements read:
The Truth About the E. S. Dean Company.-It is
s on with tins as We ca apn an We %Te
upon thousands of customers all over the United
ansng ah from SIS to- hs Tasa Of
mo n ana nnd he chcago Board
of Trade is power sufficient within itself to give
we dde pro- rata our cs
toners on the LIST and 18th Of each month ayerag
per annpm There is no other her cooPe nG GNb instr IL
a s rnat mas eyer Dear 1s system of
ulation allows of no errors Of Judgment Avoid
and most highly ndorsed and thoroughly reliable
institution of its kind in America.
The advertisement said the company had
branches in Toledo. indianapolis. Detroit. Cncin-
natl Louisville, Salt Lake City, Knoxville Cleve-
land. Atlanta. Richmond Dayton, Columbus. ST.
oT T6e Tnied States Investor denounced the E.
Dean COMPANY early in the Pese eR yGar
of this publication in "a letter written to him o., on
6r broker H h dn he STOCK
is the house of Theodore W Myers, e. &C. CO firm
, tation in this community" ". ,
The % @ 6sr Of ne SeE m OF and f.
nephew, of Theodore W. Myers The e. hrms once
IN the S,eS anS The S Myers
was f9Tm9r n , of the hut city of 5o Now now
a member of 1t. 1t Is reported that no receives
IS qm of nf he m meR TGT S n:
which is haD D rs 6 IN hs IL
building al Broadway and A A6I,or ~ rnO 1r,tsd
States Investor" that his firm was not the repre-
sentative of the f. S. Dean Company. but had sim
ply executed orders for Myror l.. Bernard in the
ordinary course Of business.
THE REAL HEAD OF THE CONCERN.
The real head and front of the L. s. Dean Com
pany was said TO be Sam Keller. mar of about
thrtv-fve who was at time banker and
n Sheffield. Ala. lie has office in the
Lords Court Building, at Exchange Place and
Willam-st where he does business as Sam Keller
& Co" Other firms which he is said 10 have been
backing have been J. b. kellogg Co. No S
broadway; Talcott & Co, Nos. and Wall-st.;
w F. Conner & Co. No 10 Wall-st., and John De
Wolf & Co. No. 20 Broadway w. f. Conner & Co.
closed down last week. Deputy Sheriff Whoriskey
levied on De Wolf a. Co.'S office yesterday on an
execution for 1863 in favor of William r. Hinsdae.
Two drafts. one for s240 and one for s27 were pre-
sened at the Office for payment. No trace could b"
found yesterday of Keller, or some of the others
connected with the T.. 5. Dean Company. or tho
other concerns supposed 10 be controlled by Keller
bernard however seen at his home. and said
he got a salary for writing market letters He had
no large interest in the concern, and would not
, saw who its financial hacker was.
/ LOYAL LEGION'S DINNER FOR GEN PORTER