The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-11-29
NEW EASY PROFIT SCHEME.
poJIrE MOCK THIS ONE Ri An
RESTING THE PROMOTER.

ar f. \. \. tOuFuhlU, WIN "hN Nu" s'''-
,.,ie.-Trying an Endless Chain In which
r,.r,body Gives Up si.25 to Get So
say. n. was Getting Capital for Bank.
Another scheme Of easy money getting received
L,,ckout yesterday through the arrest oil l..
, Courdain, its inventor. who called II the Inn
Ii, nsh System, and himself posed az the pros
lii, manager " new bank TO be called the
yrn,,i,l National Bank. Gourdain and his
.rh.moe have been established since November
:. omr,s ON the Ground floor Of the Metropota n
Tus Building at Twcnty-,hird street ana Madi
.n .,enue, which have stood vncan, since the
standard National Bank went out OF business
,rS. nl.c. was not opened. however, till two
days ago
m. ofBces were rented for Gourdain by Henry
G mis- an eX-Assistant Dstric, Attorney Of
y,n,s county. Gourdain fitted them up lux
,'.,o,s,v Sign. announced tina, the tenants
r.,. .T, A. Gourdain & Co. bankers" and then
.a,,,,sements were inserted in the newspapers
as,,ing to "college-bred young mon" employment
=, No =, month II they would apply at Twenty.
,s,,d street and Madison avenue and on Monday
,.o,r,ng the of1cos we're finally opened for bus-
necs
A tail dark compile Iioned man, who said that
as Mr.. Gourdain. received the men who APP
nl,,d Tor work and explained It's nature W appi-
,.r,s lie showed 10 all Of them n number "
"a, bonds, with four coupons attached to each
,..,,.d In the nnmc of Gourdain & Co. and signed
MI n Rogers nrst assistant cashier" There
.. , crown in one corner With imperial
c,.h system printed above and below An
o,h., crown contained the announcement that
IN. Impcrial National Bank would be opened
IN Feb l. 1900 with l.. A. Gourdain as president
Gourdaln explained to the applicants that their
,us,ness would be to sell the bonds and TO get
o,hst persons to sell them To obtain the hrSt
bond with which each was to start out. a"broker'
,,hec,llcd the buyer would have To- buy coupon
from some one who already possessed bond
thni is from Gourdain. u cost 20 cents. and en-
,tled the holder To buy bond with four coupons
Al the pricr II ST. lie had to sell the four cou.
mons attached TO the bond at % renis each and
mus recovered dollar of the 81 - which he had
advanced The purchasers Of the coupons each
became entitled in their turn To buy bond nj
ST As soon as all four Of them had used that
nr,vlere thr original bond was considered ma.
pt,,cI and the holder. So Gouriain said would
receive SIS on presenting IT. Thus was the bona.
BUYERS profit Gourdain didn, make II very
Scar 10 applicants where his own profit came in.
Eve men out oi the frs, batch OF applicants, u
has since been learned. availed themselves OF his
ofc- buying a bond each att cost OF 81 20
YESTERDAY morning Police Capt Pncc rec ivcd
Instructions from Chic pcycry 10 close GOurdain's
riacr IN at ouct He went tn the mans Office
With netectives Curry and Henderson lust after
side As many more were being hustled out 81
the Office when the Captain entered Gourdnin
met him On the threshold and was al once placed
under arrest
All right he said smilinsly. when told to
consider himself IN custody, but have not
cheated man out Of a cen, and you can get no
evidence that have done So"
capt Pncc found S. in Gourdain's pocket and
lot Of his new bonds in the Office \ bunch of
t,"nftain in New Orleans we're found on his
desk He was taken 10 Police Headquarters
where he was photographed a., the RoEues Gal.
Magistrate deuel. held him in $4,000 bail !ot
further examination
Gou,dain told reporters as though he believed
he was ready 10 meet all claims and " pay every
man the money coming 10 him. He went on 10
say that he had more than a million dollars in
he had made in lseO-ib9l when he ran lottery
company in opposition 10 the Louisiana State
Lottery.
Anti.I40,tery bill was passed" he said. and |
DEFY any one 10 prove that anybody would lose
cent by my presen, scheme"
The police say that Gourdain in 1892 and the
years following was successfully connected
With 9tee lottery companies IN New Orleans
IA. Il VASE s ss GS ne 81 sE
and fire and marine insurance company both
VI which collapsed with disastrous results to the
business in this city, Capt Price says, opening
uhces at 253 Broadway. but was discouraged
az the outset by too much attention from the Do
lice
About o o'clock last night Lawyer Davis
Golfdsin's counsel. appeared at the West Thir-
usih street police station and served on Capt
Pre- writ Of habeAs corpus ordering him to
produce Gourtain before Justice Books,aver
IN Par II Of the Supreme Court at 1890 o'clock
this morning. In serving the paper Davis n alc
some remarks about over .zehlousnesS on the
captain par, which caused the latter TO show him
The door
'Gourdan came 10 me with recommend ions
Of the very best kind" Davis said to ST \ re
porter. 4 obtained the lease for him and then
drew papers Applying 10 the COMPTROLLER OF the
Currency for the right TO Incorporate a new ma
uonal bank in this city The application is still
pending tioutdains scheme was 10 procure
The capital for the bank through the sale Of these
bonds, and there is n . law forbiddng such a ven
ture
Field Deshou & Bsall. representing the Stand
ard National Bank, Mr. Davis said. sent 10 him
yesterday 70 demand possession Of Gourd,in's
the terms Of the lease Tn" lawyer referred the
demand 10 Gourdan He looks about 40 wears
Old but gives 80 as his age He is said 10 b.
with his wife md one child
NEW ORLEANS. Nov. 2S Louis 4 Gour,la.n
lsa native % New Orleans OF good creole descent
AZ ono time he devoted his ingenuity ard talents
20 fake lotteries. and made conslicrablc money
before the olIce broke up his business lie then
became one of the promoters in n banking concern
known as tho bank Of North America. which
vas started without capital aud soon collapsed
about this tine he was also selling lots and boon
Ing new town which was to hr built on land
Parish
Posed as promoter Of the ns,c art and hacker
~ pn2ehghrrs He was frequently arrested
hu although there were intorma,ions and in
rlc'nrhtS by "" score against him. he was sue
tcsSlu IN 'NidlnE conviction On one orca sion
ne was arrested and placed in the Louisiana re-,
ueat as insane,