The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-11-28
Nh SCHEME GONE UP
i. sunEsu. HAS VANISHED u
e ! wrrH THE CASH.
4. same scheme that the
syndicate" Used to
sss Ayaricious People.

x,vember 27.---The Herald
Whites bureau. some Tune y ! sn .asa,
w. ~. II. whites Bureau" a get
', .ss concern. located in the cot
es .s.,se building. vanished with 1t.
n sunday, and 1t Is estimator estimate
r4a -. dspositors are out OF pocket
Nan 100000. whites oar eau n a.,
u " s..rects similar to the Franklin
i.s,t. operated by william . r. m',,s,,
ss. 8, ,ceounts in several downtown
~ aratts from its customers passed
~. hanks without any questions
I. s.ssd except in the instance 81 ."
Y. ~ FRANKLIN syndicate it paid out
s.r to depositors, presumably
=. money placed on deposit, IN or
:. lure larger gudgeons. Finally IKE
r..nkllu syndicate, its hackers LOON
II disappeared with a large guam
y l, . ether peoples money. ,
Io ~. hnreau was operated by Two
knhe Who went under the name OF
W. me ms NJ them gave the name OIL
1ap, ,, mar and he is understood TO
me &C. II. White" whose bu-
Is. ~ concern purported to be.
~ n a.s.,raa,,'' began business in the iat-
~ ~ september. Many typewriters
pnn,oved and when the business was
r. e s,nph,,shed an enormous quantity OF
1..,s and circulars were sent fortn. Ine
VI Inserted advertisements IN newspa .
Il, aver the country promising ina.
as.'s burssu would make money Tor
a LA who would send his cash on 10
I. VAN rhe advertisements were as
Iss;ar as green goods circulars. I'll csc
'.a,sys and advertisements soon began
..sn the usral effect. Letters began
,ornc from all over the country.
,snrominent bank in this Guy on No
||.nhsrs,I received a letter from Louis
n. ~ enclosing one of White cir
klay, and inauiring whether the scneme
IA sale. This bank has large ana
wfi,nt credit bureau and all 'avrstIsa-
n Vas Immediately hegan into the al
u, n whites bureau. Mr. Lyman vas
EIeJ ior references as to the financial
bti,y Of the establishment. Instead
n,odutIne references. he said that the
lnrey neIng handled by the firm MIS- rot
A,Irs he was asked II he did not claim
nj financial responsibility OF his own,
,spIy he said that Mr.. White had some
e,us but he could give 10 definite n"
anation as TO the amount. He adj
ktsd that Mr. White was not q mem
+ Of any Of the exchanges. but said
i. be speculated, made some invest
tnts and bought STOCKS Oh specific or"
N. The agent OF the bank pressed lily
IN for Information as to how he could
ike such wonderful p.ofi.a for GUS
ners. Mr.. LYMAN replisi that the BIZ
su did not guarantee any fixed .iiyi-
nds The dividends we're regulated by
h loans that were made
This ended the investigation for the
ne but In the meantime drafts lad
gun to come into this bank from far
. near 1t was oscertainai that a
at for 500 had come from Savannah.
. II was on the Banking and Trust
npany Of Savannah. in fav1- of Charles
White, dated November I, 1899, in
fsM by White, and paid by the Ma
nal Park bank or this city.
Woodstock, Ohio. literally csined dratts.
rs ma small town, the inhabitants OF
'rn have gone almost crazy over she
speculative mania, where almost
~ business man, farmer an. servant
ana around the place have los. montS
the franklin syndicate. Drafts were
y rom the Public Bank Of Boston.
mites bureau was open as usual on
EIday During TIE lime it was open
saturday the two men who were un-
stood 10 have been he managers OF
business catered the Offices, tore Up
WI quantity of papers, emerged with
e huge bundles and disappeared. Tbe
g furniture Wis intact, but no records
money was left.