Evening journal., 1897-04-07
THEY Way Be INDICTED.
Criminal Proceedings Probable
Against the Dean Company.
DISTRESS OF MANY INVESTORS.

O;Hcc OF tho Defunct Concern Thronged
with People Who Lost Their Savings
Ia the scheme to Get Rich Qnick-In-
dicna9olis Investors Lost ss0O,o0O.
New York. April There is moth
ing left in the offices Of the L. S. Dean
company whose collapse was reported
in these dispatches yesterday. except
the open safe and the furniture. which
were used by the corporation under a
lease. The men who were concerned in
promoting the company and in induc-
ms thousands Of persons throughout
the country to take part in their syn
dicate" operations cannot be found in
'his city. and they remained away from
their usual haunts, despite the efforts
of their creditors to find them. It is
most likely now that the methods OF the
concern viii be presented to the grand
jury for investigation and, according
to the statements of the counsel of The
odore Thompson, who obtained the at
tachment leading to the stopping OF the
business Of the concern. indictments
may follow.
Members Of the Stock Exchange have
been aroused to the necessity Of taking
measures which viii dispose of any pos
sib.ity in the future Of operating by
such methods as these Of the Z. S. Dean
company by the establishment Of a
bureau which will give information to
its subscribers, and If necessary, to the
pubic generally. concerning the stand
iuu ef Cno al fr,utf+r,ts..-... q
The deputy Sheriff in charge Of the
Offices Of the Dean company was be-
siesed all day by inquiries from the lit
tie towns about this city. desiring TO
know whether there were likely to be
any assets which would pay them even
a small portion Of the money which they
had invested. The answer given to them
was the stereotyped one that no assets
We're apparent
There We're several women in the
crowd. and they explained that they
had lest all the money they had availa-
bic because Of their confidence in the
methods Of the Dean sure system. "
one Of them said that she had mort
gagged her little farm in New Jersey in
order TO obtain money enough to invest
in the Dean company. and that now she
and her three children were without any
resources. One man had come from
Washington and was anxious to know
whether there was any chance to re-
cover $4,000 which he had invested in
the sure system"
The Brokers' Statement.
The great volume of the business OF
the y. S. Dean cOmpany-was apparently
done through Theodore w. Myers & Co
and a. J. Wiel & Co. Edward II. Myers
said that his transactions with the Dean
company had been simply those Of a
broker He said that his company haC
done no business for the Dean company
on The Produce Exchange, but only or
the New York Stock Exchange, and tha
the. trading was in the active stocks
The business done was very consider
able.
The mail which was received by th'
postoffice and which was delivered t.
the Dean company on Monday wal
taken possession Of by the sheriff anC
is now in his possession. This Wai
opened yesterday by the postal authori
ties and a large amount of money il
checks and cash was discovered, the to
tai amounting il is said. to nearly 500
900. The postal authorities yesterda!
issued orders to deliver no more letter.
TO the e. S. Dean company.
Within the last few weeks a wei
known commercial agency in the cit,
had occasion to investigate the T. S
Dean company on the application o
one of its customers. The agencys re
port is interesting because It gives tn
explanation Of Mr.. Kellogg, manager o
the concern, of its methods of doinl
business