The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1899-12-12
Another SMIrdla


az Newark ~ j was arrested toiay by
che federal auihortios. ana committed tc
ial in default o' O. s0 bond
The ohtrFe o. basel upon an allegation
that he was us.nE ihc paus for swlnd-
INK purposes and BE- is blalmed That hts
scheme was Gar and away better than
Miller FRANKLIN syndlcEtc. iu that he
took I1 plenty of money and seldom ~
ever paid Hny out except for running
fNrer.rH The authorities hnye huy
complaints drawn up against him uui
Hay that 'hcy can 81 thousands % them
f need b. The fwindle. as they .ay 20
wac has been in operation Cor three
years NHpers business required largo
force 'f clerks. etenor-aphers and type
Wltcrs and hc dId an enormous mail
tufiurss lt F rialmeI ih1t Roper ls
the Realty Corporation company of New
Jersey the Realty loan and TRUST Fund
Company the Realty Loan and Title
company and the q ser cent mortgage
company The authorities .1y the cem-
rani,a existed .nlr on paper although
regularly Incorporated and u oach
Roper vac the ony person concerned
Postanioe inspector Snow says Ropers
scheme vac uuurIne and ihat h.s victims
ore .n every state nf the nation unI cm-
brace 600 classes tir aF. thlt even
churches and lawyers have been taken
ln hy Roper
According to ns Inspector ihe four
concerns were worked in paIrs
Tho Realty Corporation company sent
uIlrinr circulars au over fnr country.
The body 20 each circular stated thlt ,he
company Was n position '1 obtain FOR
ans person with property loan &C any
nm0luf of money at 9 ps- cent or even
Ie.a Money waa represented tr ir cheap
aud plentiful iu Nrvufk
WHOM r.spou.s .1m. .ss.rs for mou-
sf l.1 on.ruE security r,p.t NHH sent
a.k.rr tur moro rirU.lIIra tuI gIaIuE
f.r f.. uf fI0 O.. cover Irn.r..sm.ut
co.fe ln Iuc uma Doe victim received t
communication approving ihe iulu .o fr
af fH. reality corporation company Wa.
Concerned hut rDIu.rus certificate of
search IrH 5000. guarantee l.0m fIr realty
loan aut u'e company Hy 'he time ths
company sxac,rl ts ,ees tHe vIstim bad
rald u from $40 to ia according Co mo
abstract of tuu.fers Nu..HtI ug tir
woa.d boz borrower
After tha plan ta' bD,H worked out
anl every dollar poss.n.. hai n.a1 .z.
t-acteI the JOAN would hs approved
Then tho victim would bs ukeu 600 hand
again The details of the borrowing
would he laI b,for, h.m It was OK.
planned that s,.y month tho money
taken Boo from interests. ro-plyu. r-s.
etc. was put up go auction tudcr rules
similar to those 90 building and loan af-
soclaucue and that the money was loan.
cd to ins hirhcst bidders How much
would tne borrower be willing o. bid9 lt
wns left 90 himself and au idea was given
him that the money was easily obtained.
Tas bddlng occurred monthly and was
open The bid had to be nusl out ana
each goo an amount equal to nyo dollars
on each one hundred was required to
accompany the bid A. there were few
applicants for Ioss than blso. and most %
tho victims wanted several thousand, tho
returns were heavy
Ancr the passing or thc date when tho
sale ~ tho money waa supposed t1 take
pt1ce thevi.Im rsceNVi Note The
company was sorry. mt nc had be,n
outbd ty others end every dollar sold
ha8 been disposed OF az "a better ratc than
he bad offered.
This went on until ,hc victim lu1to "a
demand for thc return of h.s money. Hc
could not get the foss back but, small
percentage would bs returned 900 tho sN-
rirauon OF % months.
when the Officers swoopcd down aipon
the offices today they took possession ot
everything in sight except the employs,
whom The officers had Investigated pre-
vIously and knew an atout them and
where they lived. Several mail bags fuil
~ circulars. letters and applications were
seized The inspectors say tho app.lca-
lions FOR loans ran into tho thousands
and that the profits 90 the prisoner have
been very great
Roper says he has nothlng 20 DO with
the Realty Loan ana TruFt company ol
the per cent company and that ho sold
them out Ions ago
This. the inspectors cay. ls no, me cas"
Roper viii he given q hearing on Thurs.
day