The evening times., 1899-11-25
MISSING WITH TEE CASH
Head Of the Franklin Syndicate in
New York Disappears.
Indictments Against William F. Mil
Ter and Others for Conspiracy.
ing the Loss of Their Savings.
Bursting of a Financial Bubble.

NEW YORK. Nov. 25.-The Franklin
much agitation in the press recently, has
been put out of business, and William F.
Miller, generally supposed to be partner
and manager of the syndicate" reported
to have been indicted by the grand jury
OF Kings county on charge of conspiracy, is
wanted by the police, but he cannot be
found. His brother. Dennis H. Miller, who
was employed as clerk at the. offices of the
syndicate, 144 Floyd Street, Brooklyn, was
arrested on the charge OF stealing $500
belonging to the creditors of the syndicate,
and was locked up Cecil leslie, the ad-
vertising agent, also reported to have been
indicted by the Kings county grand jury,
is also wanted by the police, but. like his
chief, cannot be found.
All these things happened to the Frank
lin Syndicate between and IL O'Clock
yesterday evening. and followed, a prema-
iure publication in Brooklyn Newspaper
that Miller had been indicted. Had il not
been for this publication, according TO Dis
trict Attorney Steele, OF Brooklyn, the
founder and manager Of the Franklin
Syndicate" would now be under arrest, as
well as his advertising agent and the men
and women who put the money into the
concern would stand much better chance
of getting some of their cash back.
The concern has been dong very heavy
business for some time receiving deposits
from all over the country on the promise
of 10 per cent interest per week on tne
money deposited. Miller stated TO his
customers that he WAS enabled TO do this
because he had methods of operating in
Wall Street which brought in large re-
turns. Up to date interest on deposits has
been regularly paid, but those customers
who. becoming alarmed at the recent news
paper exposure OF Miller's methods, at
tempted during the last few days to with
draw their money, were told TO wait Tor
a week. The indictments supposed TO have
been found against Miller and Leslie were
for conspiracy. When Captain Reynolds
and his detectives became satisfied that
Miller and Leslie were fugitives fl ON JUS
tice they descended in body upon the
headquarters of the Franklin syndicate.
They found several clerks and Louis IL.
Miller, William F. Miller's brother. He
denied there was any money in the place.
but diligent search revealed $500, which
was confiscated. and young Miller was ar
rested. Several well-known swindlers are
believed to have been behind Miller in his
operations. Some notion was obtained
last night by a reporter OF the amount OF
money which Miller has been taking in
each day since the 1st of October. The
information was furnished by one who is
in a position TO know what the mail re-
ceived in Floyd Street contained
Miller has been receiving for two months
about $50, 600 a day on an average. This
would make his receipts for nearly two
mcnths 81, 100000. Those who think they
should know say that at the lowest calcu-
lation he has taken in s., 100000 during the
last year So far as anybody knows. Mil
Ter alone can tell where this money has
gone IT, as he has informed his custom
ers, he has been uniformly successful in
his speculations in Wall Street, he must
have laid by tidy sum. An army OF vic
Tins are crowding the vicinity Of the oon-
Germs headquarters today, and loudly
the loss of their savings.
Miller has probably enough cash with
him to take him on a good. long journey
il he has decided that it is the best course
to pursue, for he drew out of the Wells
Fargo Companys Bank on Thursday $780,
600 which he had deposited there only
few days before.
The following table shows how much
Miller probably got away with:
Total receipts or deposits $4,000 per
day for $50 days.. sl,500,O 600: paid out in
dividends testimated). $3.50, GOO: recovered
by police. IS. 500: expenses of office. adver-
tising, etc. $500, 900; money now in Miiler's
hands. s731, 500.