The Indianapolis journal., 1899-11-29
GET-RICH-Q H-QUICKSCHEMES
GREATER NEW YORK SEEMINGLY
TEEMING WITH sWINDLES.
Arrest of Louis Gourdain on the
Code-ssWhite's Bureau Closed.

NEW YORK. Nov 2s-Louis Gourdain. who
has a banking office in the Metropolitan Life In
surance building at No. l Madison avenue. and
is alleged TO Nave a scheme similar to that Of
the Franklin Syndicate, with which William r
Miller connected. arrested to-day on
the order OF Chief Devery. He was arraignec
in Police Court a charge OF swindling and OF
violating the banking code. The magistrate fixed
the bail at $4,000 and remanded Gourdain.
Captain Price, who made the charge against
Gourdain, when asked who he had captured In
the offices where he found Gourdain. replied: 'T
got the whole company" In reply to q question
to who composed the company. he said:
THAT man Indicating Gourdain). his plug hat.
s. note and satchel full of fake papers"
According to a statement by Chief Devery after
the arrest Of Gourdain. the man had opened the
so-caled Imperial National Bank In partnership
with d. NJ. Slocum. They came from New Or
leans He said that in 1892 Gourdain was con-
nected with a Louisiana lottery scheme which
was suppressed. He then engaged in business
under the name OF ]. H. Lumbard a. Co... and
ness successfully under the name OF d NJ.
Slocum, L. q. Stewart g. v. Louis and r. Jack
son. each business being suppressed. after
another. Later Gourdain behind the Bank
OF North America in New Orleans. which failed.
Then he started the Fire and Marine Insurance
Company, which failed. Gourdain then
rested in New Orleans on lottery charge. but
He Is also said to have been arrested In Kansas
City.
Gourdain said to-day: 1.-The men who are as
wi.A the First National Bank Of Port Townsend.
men are now in the West buying out banks"
According to the Herald. another get-rich-
quick concern has been closed Whites Bu-
reau, In the Cotton Exchange. stopped doing
business on Monday. while the promoters OF the
positors is yet to be accounted for. The business
OF this bureau extended all over the United
ters in the Cotton Exchange for two months.
Whites Bureau was In many respects similar to
diSdends fe To sepositors. IL prefessed to BE-
legitimate and to be an old established concern
II professed 10 have the strongest kind of recom-
mendations from banks and bankers. and paid
out dividends" to depostors. Finally Its back
ers took alarm and disappeared.
ALLURING CIRCULARS.
Whites Bureau operated by two young
men who went under the name OF Hyman. One
OF them gave the name of c. II. Hyman. and he
is understood, to have been c. H White. whose
bureau the concern purported to be. The Offices
are handsomely furnished and partitioned of
into smaller rooms. Many typewriters were en-
lisned enormous quantity or letters and cir
culars sent forth The firm. in some OF its
try, promised that Whites scheme would make
money for anybody who would send his cash on
to New York. The advertisements were allur-
ing green goods circulars. The police say
they believe Whites Bureau was affiliated In
some way with the Franklin Syndicate. and they
looking for the promoters of the concern
John r. Agnew. whose connection with the
Washington syndicate In Green Point Brooklyn.
led to his arrest yesterday. was up for srraign-
ment to-day in Brooklyn Police Court In the
absence of the district attorney the magistrate
would not fix bail. Edward Nourney. a book
keeper. who. as alleged. handled the prisoners
ascertaining what the financial status OF the
concern has been and what assets were left. but
him.
William F. Miller. who conducted the Frank
lin Syndicate in BROOKLYN. has not yet been ar
rested, the so-caled drag nets of the police
EVIDENTLY being out OF order. The police have
not the faintest idea where Miller is The
Franklin Syndicate safe. which locked up
By Miller the last thing before he took flight. was
opened by a locksmith to-day I'm a Brooklyn po-
lice station. In IL was found 100 shares OF
Brooklyn Rapid Transit stock and a few WORTH
less scraps of paper There not a penny OF
cash and nothing OF value except the stock. A
majority Of it had been purchased at ssss gand
Postmaster Wilson of Brooklyn. has received
order from the postmaster general directing
m Letters 70 to to Se syndca,e ASeu
1.50o pieces of mail including over 81. 900 worth
Of money orders have accumulated since Satur-
day
Hubert G, Taylor. who was appointed receiver
OF the syndicate, has asked to be relieved OF the
appointment on the ground that he does not
like TO have his name associated in the public
Involuntary bankruptcy proceedings against the
Court to-day before Judge Thomas by attorneys
representing depostors whose claim aggregates
large part of the syndcate's properly has been
concealed with intent TO defraud creditors These
bankruptcy proceedings, IL is said. Will take
precedence all other claims fled against the
syndicate
The police tonight arrested Chas. d. Hughea
forty-three years old. said 10 be "get-rich-
quick banker. at his Office. 80 Wall street A
patrol wogan was sent to Hughes's ONCE, and ft
carried a load OF books and papers 20 police
HEADQUARTERS II is said tonight that since July.
1888. 500 complaints against Hughes have been
lodged with the police one by Della Cooney.
servant, who said she lost 400 brought him.
and another woman who says she lost $500 The
concern Hughes Is called the Hughes In
vestment Company" man named Packer ng-
ured as the president. In April 1897. a Charles
Hughes said TO be partner In the "Open
Board OF Brokers'" a bucket shop closed by the
police. Mr.. Hughes came TO New York from
Chicago. dispatch from Chicago gave the
record that city of one Charles ID. Hughes.
who was connected with q bucket shop business
I'm that city for several years. The dispatch
added that the business broken up there.
In this city.