The San Francisco call., 1899-11-25
Mammoth Operations of the
Franklin Syndicate.
Paid Ten Per Cent Week to Investors,
and Took in Over Four Million
Dollars.

eys thus invested. Those who were draw
ing this income OF per cent became walk
Ing advertisements Tor the Franklin Syn
dicate.
Nine-tenths OF Mller's patrons. affect
ed by the money-making fever. were in
the habit o. turning around and reinvest-
Ing the 20 per cent interest. or, in other
words, pyramiding their gains. one of
Miller's patrons who invested 800 i'm
mediately turned around and reinvested
the 10 per cent allowed him at the end of
the first week, making a balance OF Sll0
10 his credit The next week he received
interest on both principal and interest
thus giving him balance TO his credit
OF Sl2L At the end OF twenty-five weeks
or n little less than six months. he found
himself with a credit in the Franklin
Syndicate OF sl029 All this from the orig
inal investment OF 800. Inasmuch as Nil
Ter absolutely refused 10 carry accounts
OF more than Sleoo this customer was
compelled 10 reinvest in the names Of
other members Of his family At the
tlme or Miller's arrest he said that he
had over 5000 in the syndicate. all from
the original investment of 500.
This policy OF roinvesting in the name Of
other members OF the family was carried
on TO a large. extent among the poorer
tains in Brooklyn said that he knew of
a family consisting OF sixteen members
which had 500 invested for each mem
Der OF the family and the interest was
paid on all OF the sixteen claims regularly
every week.
Miller claimed TO make his abnormal
prohts through speculation in Wall street,
though no evidence is forthcoming up 10
the present to show that he ever specu-
lated In stocks 10 any extent. His clerks
and employees from time 10 time threw
01t vague hints OF inside, information
which Miller. they alleged possessed
For instance. at the outbreak OF the
Spanls war IL was claimed
mat Miller made immense profits from
the Cuban bonds and despite the fact
that these bonds have been ANYTHING ex-
cept favorite form of investment with
nnanclers since that time, they succeeded
IA IA uBahihg thousands OF the poor people
IN brooklyn believe the story. Later il
was announced that Miller was in with
a senatorial clique at Washington from
Mhom ne received tips on the market
ana mat he used this information for the
benefit OF his syndicate. Still another
story extensively circulated was the
statement that he had recently made .
per cent profit In a single day in a trans
continental railway stock Speculation
this despite the fact that since Miller
commenced his operations no transconti-
BentI rallrcad stock has moved 10 or
down p points.
on Tuesday OF this week Miller is said
20 nave taken In $4,000 and paid out S3l =
OV. ne conhdential representative Of
one OF the banks who visited Miller's Of
Ice about this time said that he never
saw so much money scattered around
loose IN ms life. He said that fl reminded
one or the tales Of Monte Cristo and
Monte Carlo combined, but thar as an
absolute fact Miller did not have facili-
ues Tor taking care OF all OF the gold and
't, srSeIlDachs s which poured in upon him.
ana empty barrels were brought up from
the basement OF the building In which
he operated and thousands and tens of
thousands OF dollars were elIrnnad gp -
these barrels by the EMPLOYEES aud CLERKS
employed by Miller in his establishment.
one OF Millers trusted employees is re-
sponS,iinie S.l. ,iil, Tor the statement that the
RANKIN syndicate men had taken I'm
over &OtO,oV. II is known that when the
banks shut down on him yesterday and
refused TO accept his deposits any longer
ne Withdrew sl5O.OoJ IN the Wells Fargo
Bank. 1t IS asserted tonight that Miller
deposited 100000 with the German Consul
Miller, who Is very young man. short
snBht ana insignificant in appearance
possesses two positive characteristics-
calmncss.
During the last two or three days. when
his every movement has been watched
by detectives and reporters when crowd
after crowd OF eager deDOSitors 0ocked
10 his establishment despite newspaper
his quiet ways or became angry lie
spent few years with Haverin &, Co
Nall-street brokers. but never achieved
much OF financial reputation while
there. His counsel. Colonel Robert Am
mon. claims that Miller in all Of his meth
DDS has proceeded along lines strictly le-
gitimate.
To show the confidence the people Of
Brooklyn had in Miller and his syndicate
even after Miller had been publicly de-
nounceG in the most unmeasured terms a
crowd Of probably 1000 persons gathered
tonight In the building at S o'clock The
doors OF the Office had been closed at &
o'clock, but business was resumed n few
minutes before S. The would-be deposit
ors were formed in a line by the police
reaching down the high steps and fully
80 feet into the street. Business was car
ried on for thirty minutes. During that
time fifty persons deposited money and
not one drew out. This showed the con-
fidence OF Mr.. Miller's patrons in his
rocket, although the stick is in the act
OF falling. Up 10 late hour Miller had
not been found.