Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1897-05-14
A vERMoNTER IN WALL STREET.
lie Gnmboied Back TO Remington with
the Good Money Of Brokers---One OF
Them Now Alleges Fraud.

lie C.nmboied Back 10 Remington with
the Good Money of BrOkers---One OF
Them Now Alleges Fraud.
Herbert w. Martin is a Vermonter from
Brattleboro. Guile is not in him, nor does
deceit dwell on his lips.
He is simply good business man, per,
haps abnormally good, for he marched
down into Wall street few months ago
not altogether free from suspicion OF hay
seed in his whiskers, and managed to sep
arate various smart men from their enemy
Nobody knows Just how much of the
wall street "Come On's" money the
shrewd young man took back to the fast
nesses of the green and granite ribbed
mountains. They have not all declared
their losses yet
Mr.. Martin has involuntarily wandered
into the fierce light of publicity through
an action for damages for fraud brought
against him in the supreme court by Au-
pustus Zabriskie. one of the brightest men
down town.
Mr. Zabriskie is a lawyer, full of years
and experience. He would not be selected
as victim by any confidence men OF Or
binary sense. To him came Herbert w.
Martin. full of enthusiasm about hotel
and cottage plan up in the Vermont hills.
Mr.. Zabriskie knew that many rich New
Workers are in the habit of spending the
summer in that delightful country, so he
was ready to listen to the countryman's
proposition
According to Mr.. Zabriskie's sworn com
| plant in the action for fraud, Martin SAID
| that he had a park of 800 acres in the
heart of the Green mountains, with hotel
and 10 cottages on it, worth in all SoO,OOO'
Cfn
pany to take over the control of the prop
erty. With the money raised by selling
stock and bonds he would buy $500 acres
more and thus establish a splendid prop
erty, which could be so improved and man
| aged as to yield fine income. Mr.. "a
! briskie thought the ingenious Vermonters
| scheme so fine that he promptly invested
$500 in it., receiving for his money sundrY
plainly engraved and very honest looking
! shares of stock.
Other wise Wall street men invested in
Mr. Martins scheme and he returned to
his happy mountain home burdened with
money and smiling a simple, rustic smile.
Mr.. Zabrskie thought it would be well
to 90 up and look at the pig in poke he
had bought. He declares in his sworn
complaint that he found only 165 acres of
land in the Martin property, and that in
stead of a fine hotel and 10 cottages, there
was only one small club house. He made
haste to begin legal action to save his
money, but before he could do anything
the entire property was sold, and be was
unable to touch any of the proceeds.
So he has sued Martin through Messrs.
Niles a johnson of II Wall street to re-
cover the difference between what he paid
and what the stock is worth. The SUI
preme court will be asked within a few
days to appoint a commission to 60 to Yer
mont and take testimony as to the value of
the property and the disposition made of it.
Brattleboro gained notoriety at the Sex
pense'' of Bennington in the above article
from the New York World of yesterday.
II. w. Martin was postmaster at Benning-
ton under Cleveland's first administration.
He established a summer resort in Wood
ford. A hotel and several cottages were
built. and an electric railroad runs to
them. Brattleboro men who know Mr..
Martin do not credit the charge of fraud