The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-04-12
E. S. DEAN co. COLLAPSE
SAM KELLER WAS THE REAL HEAD
AND FRONT OF THE CONCERN.
A Far-Reaching Combination Which
SvvindIed People i'm All Directions
The Methods Employed.
United States Investor.

.>
United States Investor
AS a result of the Investors warnings re-
garding the blind pool bankers and
brokers, known as 1.-The y. S. Dean Com
pany" % Broadway. New York, that con-
Germ was yesterday placed in the hands of
the sheriff under an attachment of 81. 9O5.42
and the thousands of gullible people
throughout the country who have invested
under the Dean Safe System" may now
seek in vain TO recover the money intrusted
TO this fake concern.
For months the Inves tor has been SHOW
ing up THE L. S. Dean Company" and
cautioning its readers against having any
thing TO do with the concern. We have
been threatened with suit by the so-called
president" Myron l.. Bernard, but we
have persisted in giving the facts of the
case. On Monday Of this week Deputy
Sheriff Lepsky, upon an attachment OBJ
tanned by Theodore B. Thompson, who
brought suit to recover S1,905.42 from the
company, closed their doors and placed a
keeper in charge.
This move, however was made too late,
for upon examination the safe was found
empty, and the office practically bare. all
that remained being some cheap furniture
some books and plenty of the concerns lit
erature-nothing, in fact, of any value.
Who Theodore B. Thompson is. who OBJ
tanned the attachment-and who Frederick
f. Seavey, Joseph w. c. Seavey and Emma
Il. Seavey are. whose claims were assigned
to the said Thompson--nobody has been
able to learn; in fact there are pretty
strong indications that this assignment"
business Is "a part of the concerns deep-laid
scneme 10 rob It's victims completely. There
are indeed. good reasons for believing that
the l.. S. Dean Company finding the sup
ply or money it was receiving from I'm
Xestors running short, by reason of the
investors expose, foresaw the approaching
end, and, in order to escape with what cash
they had on hand. brought about the at
tachment after having covered their tracks.
The next move, Judging from the past his
tory of this clique, will be to establish some
mercantile collection agency and adver-
tise for claims against themselves. THE E.
3. Dean Company This dodge, on several
occasions, has been worked very success
fully.
DEALT WITH COUNTRY PEOPLE.
AS stated i'm our previous articles, the z.
s. Dean Company's business was wholly
outside of New York, being mostly with I'M
iniated country people, and done through
the mails. They have advertised very ex-
tensively in newspapers outside ofothe me-
tropolis, and it was said that at the time
of their wind up $1,000 fools of finance"
were on their books. 1t is said the COM
pany received reniittances amounting from
$4,000 to $1,000 per day, which, counting
three hundred business days to year, was
at the rate of from $3.OOoOOO to $500, 900 per
annum. Whether these figures are correct
or not, it is certain that money poured
into the company in enormous sums f. S.
Dean as we have before stated, is not a
man. but woman, and had little or moth
ing 10 do with the concern 1t is reported
tnat she was not In the remote past a
chambermaid in Smith d McNelFs Hotel
In Washington street, between Vesey and
FULTON streets. Subsequently, according to
the story, she became a typewriter, either
pretended or real.
The concern began business in September.
1872 as h. 5. Dean & Co. The partners
were +. s. Dean, w. +. Connor and Gerald
NJ. Eberman. Eberman is now running a
bucket shop in Johannesburg. South Africa
The concern was Incorporated Sept 30 1896.
under the laws OF New Jersey with an
hundred shares of 800 each. The incorpora
! tors were Myron l.. Bernard a forme r
newspaper reporter Jacob Landsberg ard
Leopold Balbach Bernard was chosen pre- ;
| ident and Landsberg secretary. Lands
| berg is a boy eighteen years old who lives
| i'm poor rooms at No. 20 East Houston
| street. His mother said he worked i'm wall
| street, but she did not know where or for
| whom. Balbachs address was given as No
leo JEFFERSON Slreet, Newark, N. j. Nothing
was known of him at this number when
| inquiries were made there and it was said
that he had never lived there Subsequent
to the incorporation II was stated that Ed
ward L. Farrand, a member of the Produce
| Exchange who is put down as being con-
| nected with ''Olcott & Co., Limited, export
ers," No. 56 New street. was made treas
| urer He lives at Smith & McNelfs Hotel.
| SAM KELLER.
| The Investor has previously shown that
| the real head and front of the E. S. Dean
| Company was Sam Keller, a man of about
| thirty-hve, who was at time a
banker and broker In Sheffield. Ala,
| where he failed. He has an office in the
Lords Court building, at Exchange place
| and William street, where he does business
| 'Sam Keller & Co." Other firms which
he is said to have been backing are ]. B
| Kellogg & Co, No. Go Broadway;
Talcott & Co., Nos. 2 and Wall street
w. +. Conner & Co.. No. 10 Wall street
and John De Wolf Ss Co., No. 80 Broadway
w. F. Connor &c Co. closed down last week
Deputy Sheriff Whoriskey levied on De
Wolf & Co.'S office Monday last, on ar
| execution OF $3.50 in favor of William r
| Hinsdale. Two drafts, one for $40 and one
| for 81, were presented at the office for pay
ment No trace could be found of Keller
| on Monday, or of some of the others con
| nected with the h. $. Dean Company. oil
| the other concerns supposed TO be con
| Dy however, was
| seen at his home, and said he got a salar,
| for writing market letters. He had ne
| large interest in the concern, and would
not say who its financial hacker was.
The Investor was asked to ascertain i
claims against Sam Kerrel az CO., w. L
Connor az Co. and Talcott & Co. could b.
collected. but could report nothing salts
factory regarding any of these concerns.
| The collaspe of the Il. s. Dean Compan,
| opens up to the light of day one of TIN
largest and most far-reaching combination
| OF fake bankers and brokers' ever known
of the gang seems to cover the whole coun
try, and to have been most deftly handled
| In this stock gambling network of discre
| tionary operators are, it is alleged, sucl
| concerns as the following, all OF which, W
| believe, investors will do well to let en-
| tirely alone: o. F. Malcolm & Co., 2
Broadway; Wesley Chaplin & Co, AZ and 4
| New street: j. B. Kellogg q Co, Sc Broad
way: Talcott & Co, and 4 Wall street
| G. Il. Smith * Co, % to 81 Nassau street
w. t. O'Connor q CO., ~ wall street; san
| Keller &, Co. Lords Court building; ID
| Wolf & Co. so Broadway, etc, etc.
| Others with whom we would advise on
readers to have no dealings are: +. i
| Morgan. 81 Wall street: r.; ID. Thornbur
| & Co., 100 Broadway; Bankers and Mer
chants Credit Guarantee Exchange,
Broadway; Ammon, E1akins q Co, 40 an
| AZ New street. L. O. Box 1880 New 1or
city. and the Financial Syndicate, 90 Liber
| ~ street.
AS assistants in pro noting all these con
| Germs are three or four so-called tinancia
| newspapers almost unknown in Wall street
| but amply able, for all that, TO answer Tn
| purpose of the bucket shops. These sheet
| are filled with the advertisements an
| ''Write-ups' of these various pools and syn
the latter TO reinforce their own claim:
| such is n norton of this far-reachin