The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-11-25
FRANKLIN SYNDICATE, OF NEW
YORK, BROKEN UP BY POLICE
AUTHORITIES
HAD TAKEN In THOUSANDS
MANY NEW VICTIMS WE'RE IN LINE
WITH THEIR DEPOSITS WHEN
POLICE ARRIVED
BIG SUM IS RECOVERED

Promoters of the Scheme Escape,
but a Brother of the Leader Is APP
pretended - Five Thousand Dol
lars Found in the Office - Nine
Thousand Additional Is Taken
From a Woman EmpIOye.
NEW YORK, Nov. 24--William F. Mil
Ter, head of the Franklin syndicate,
which has accepted the deposits of thous-
ands of persons in Brooklyn, under prom
ises of paying dividends of 10 per cent a
week, or 500 per cent per annum and
Cecil Leslie, his secretary, were indicted
by the Kings county grand jury today.
Bench warrants were issued for the
rest of these two men, but up to quite
a late hour tonight neither had been
found, the police saying they had disap
peared in the afternoon.
Tonight the police raided the premises
occupied by the Franklin syndicate, on
Floyd street. There was a great crowd
gathered around the building, and the
police surrounded it. Inspector Brennan
arrested Louis Miller, brother of the head
of the syndicate, and the cashier of the
cash. There were forty employees engaged
at work in the Offices and these were
allowed to go.
1t was stated bEALouis Miller to the
police that the offices we're then in the
hands of ex-Sheriff Daily, of Richmond,
to whom, he said, the concern had assign
ed.
The chief specification on which Miller
was indicted was conspiracy to defraud.
The district attorneys office has been at
work on the case for some weeks, so
prominent have become Miller's opera
tions in that time.
HUNDREDS BROUGHT SAVINGS.
Miller had been engaged for the past
two years or SO in offering his glittering
Inducements to the people to invest their
money for him to make use of, but it has
only been during the last month"; by ex-
tenstve advertising in one way or an
other, he had managed to attract to his
office hundreds of people, who stood in
a long line fought with one an
other for>an opportunity to hand in their
savings Even when the place was raid
ed by the police number of those around
We're waiting to hand in their deposits.
The presence Of the police caused great
excitement When they entered the build
ing they were Informed that the concern
had made an assignment to ex-Sheriff
Daily Chief of Detectives Reynolds said
that the police were the assignees, and
put Daily off the premises. Daily had
beer in the employ of Miller for some
time.
CASH RECOVERED.
Of the $4,000 taken by the police, some
thing more than 5000 in cash was found
in the syndicates office. From the entries
in the books it was apparent that por-
tion of the money had been removed from
the office, and Daily was called upon to
explain. He at first refused, but on being
threatened by the police, said that Miss
Annie Cory, an empoye of the concern,
who lived in house adjoining the build
ing, had been given the possession of
large sum of money by the president of
the syndicate. The police went to the
house and placed Miss Cory under arrest,
and after an extensive search they found
$1,000 concealed in an old lounge, in her
apartments. The woman then declared
she had this money in her possession for
the purpose of paying the employees Of the
concern. The police, however took pos
session of the money, and gave Miss Cory
her liberty.
MILLIONS IN IT.
One Of Miller's trusted employees is an
thority for the statement that the Frank
lin syndicate had taken in over 81 000, ,000
1t is known that when the banks shut
down on him yesterday and refused to ac-
cept his deposits longer, he withdrew
S150,000 from the Wells-Fargo bank. 1t
is asserted tonight that Miller deposited
$100 900 with the German consul