The Providence news. (Providence [R.I.]) 1891-1906, 1897-11-12
Brokers, Indicted as
SWindlerS, Resume.
FLEEClNG THE LAMBS.
Goslin, Eberman, Kellogg Are Play
ing Their Old Game.
FRAUD ORDERS OF NO AVAIL.

In last Wednesdays issue The News
told exclusively the story of how specula-
tors in stocks in this city, Pawtukcet, At
tleboro and other places in New England
were running against "a brace game"
engineered 10y men who were concerned in
the notorious T.. S. Dean Companys fail
ure by which sl5, 0O0 600 was lost by un-
wary operators throughout the country.
From New York today comes specific
and ample confirmation Of the story Of
The News.
According TO the information received
from New York half dozen of. the dis
cretionary pool" swindlers indicted by
the United States grand jury last June
aud AL mitted TO pail by Commissioner
Shields. are again operating" in Wall
street and lower Broadway.
Various phases of the same old game
of 'lamb ileecing " fully exposed by the
journal at the time OF the original ar
rests, are being worked by the samo men,
under different names, to-day. This de
spite the fact that fraud orders" were
issued by the postotflce department., when
the swindling operations OF the ''discre-
tiunary" sharks were first brought TO
light, aud that under these orders, none Of
them are supposed to have mail delivered
TO them in any quantities
these men. indicted for fraudulent use
Of the mails nearly six months ago, have
never been brought To trial. They are
still at liberty under the original bonds
which Commissioners Shields accepted at
| the ime of their first arraiRnment. These
| bends range in amount from $500 To
! $4,000 Through neatly two terms of
court the cases have dragged without
even coming 10 hearing. Dates of
| haN hoa Int
vacated for no apparent reason.
Meanwhile the discretionary pool'
/ swindlers. rich. unscrupulous. predatory,
have gone back braZenly To their old
| bauntS, and, openly Doasting that they
will never be brought TO trial, have re-
organized their gigantic swindling
| scheme upon more elaborate basis than
ever And they are fleeing thoir victims
by means OF the United States mail,
"iust in the old sweet way.
The only point OF difference i'm the
scheme of operations today and that OF
six months ago lies in the change OF
firm" names. Six months ago II was
IL. :. Dean & Co.. " "kellar & Co., "
y. B. kellogg X Co. " "Jacob Lam berg
| x Co, +" w. i. O'Connor ~ Co., ~ and
the "E :. Dean Company.
The men indicted by the Federal Grand
Jury for fraudulent use of the mails ore
10 bo found daily transacting business as
principals IN the offices of the following
firms
+ ;. Mcmillan q Co, Lords Court
Building
Stuart & Paddock, No 66 Broadway.
George Hsgelweide X Co., No. 10 Wal
street.
4. +, Ward & Co., No. 81 Broadway.
Among the men indicted by thC
Federal Grand Jury i'm June were
la
Samuel kellnr, j. b. Kellogg ex-convict
Harry dc Kyle, Myron Il Bernard anC
Jacob Lainberg. Others were also indict
cd but they were merely clerks or "dum
mics" employed by the little cotcrie oi
shrcwd swindlers who comprised the
"discretiopary" ring The real principal.
were: Alfred M. Gosliu, Gerald VI.
Eberman Samuel kellar and j. Il.
Alfred NJ. GoSlin is now as he was then,
the heau OF the syndicate of bucket shop
ard discretionary pool operators. Ho is
the real head Of the firm of h. ,. Nc EMIL.
Ian & Co.. and from nm inner room in
their sumptuOus suite OF Offices III the
! Lords Court Building, directs the oncfa-
tions of the gang" in all parts of the
United States. Gerald NJ. Eberman, the
youth whose facile pen turned out the
! seductive literature with which the old
+. = Dean crowd was wont To deluge the
green goods" districts Ut the county i'm
tho old DAYS, is now the managing part
/ ner and real head Of the "nrm" OF
George Hagelweidc ~ Co, at No. 10
. Wall street
81. t. Kcllogg"--with penteptiary
/ record under another name-makes his
headouarters M the offices OF stuart *
I Paddock, No. G6 Broadway. Paddock,
the other member of the firm Stuart
! having retred-travels the country, over
| sesin:: the country branches.
Myron Bernard, former president"
/ and 1gurchead of the "E. :. Dean Com
| many. - has temporarily dropped out of
] sight. and 80 has Harry &c KYLE; but
1 their places 8ro illed by ". T.. Mitchell.
! nm expelled member or the Consolidated
/ Exchange who is daily present at the
Offices of Hagclweide u CO., and Alfred
! n. Carr who Is the active head of tho
firm of Il. Il. WarG"e2 Co, mt No. 81
Broadway.
W. T.. Mitchell was expelled from the
I Consolidated Exchange during the +. =
Dean Investigation. because n was proved
that be- had sued Fictitious statement
covering trades ~ 80, 600 shares q! sticks
within u ueriud of tnTte days Tor sam
kellar & Go. II was also proved az that
time that hs had allowed keilBr n Co to
keep printed ssnd sigIe staten, MS OF
trades Ia their offices 10 he filed out
as ocousiOu demanded.
Alfred II Carr, the active head of the
firm uf r. J.. Ward Co, No 81 Brontlway.
T. rich. lie has fine villa I'm ORANGE. y
T.. and owns - superb yacht. lie was in
dictrd in 1898 for swindlng. and white
the case was eventually nolle pressed. DE
Lsncy Nicoll, then District-Att1rncy, In
(Coutinued ou Page ~