The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-11-28
THE "SYNDICATE'S" ASSETS.
An ASSIGNEE AND RECEIVER
norm AFTER THEM.

William j. Miller to leave the headquarters ot
the Franklin Syndicate" LA Floyd street.
Brooklyn. on Friday night OF each week and
not return until the following Monday when
Miller disappeared from his headquarters on
last Friday afternoon. his counsel. Col. Robert
A. Ammon. kept saying that undoubtedly he
would turn up rs usual in Floyd street yester-
| day morning. Many Of the persons who had
handed their money over to Miller really bee
licvcd that tho Syndicate" man would be at
his Office yesterday morning. and n crowd Of
several hundred gathered In Floyd street to
welcome him.
or course. Miller didn't come anywhere near
his old headquarters and the persons who hal
gathered there to pledge him their fai,h mani
Tested signs OF anger toward the money
magician When he wasn't where he was eN-
pected by IL O'Clock the peoplc began to call
Miller swinder and rascal and themselves
fools and dupcs There were no curses heaIri
upon II 'capitalistic press" yesterday morning..
| no damnng Of the police or the District Attog-
ncy or any other Official. Miller got all tho
damning that anybody had to offer. Willis
| everybody was angry. far and away the most
wrathlul person in the whole crowd was
George A. Turner OF lSl Floyd street. cm-
ployed. until last Saturday. for ten years as
machnlst by the +. W. Bliss Company
Some time ago Turner invested some money
IN the FRANKLIN Syndicate" lie got his in-
| terest regularly and thought II was the great
est thing in the way OF an investment that was
| ever Offered. He was getting rich SO fast
! through 1t that he wanted his friends to know
OF his good fortune. He told all the IN en- In tn,
machine shop about IL and nearly oil OF them
put In money. Neither Turner nor any of his
associates had been in the concern long enough.
when 1t was closed up. TO get their money
back In dividends Turner didn't say much
when he found that his FL Dorado was lust a
| load OF paper promises but his feow-em-
| ployees at the machine shop did They ac-
| cused him OF being in league with Miller and
would have none OF his den als They finally
became so enraged that they told their en-
periences to John Flynn. tho superintendent
OF the shop. md demanded that Turner bs
| discharged at once. Flynn saw trouble ahead
II he didn't meet the demands OF the men and
| so Turner was discharged on Saturday night.
Yesterday he was mourning the loss OF his
money and his job and heaping anathemas on
Miller with much fervor
BY nightfall yesterday II was taken for
granted by even the most credulous Williams
burgers that NJ iller had gone for good. As the
result OF proceedings taken yesterday. there
promises TO be dispute as to who shall 10
| custodian OF the syndicate's effects. On FRI
day evening Miller made general assignment
for the benefit OF his creditors to ex-
sherin John L. Daley Of Tottenvile.
| borough OF Richmond. That assignment
was filed In the offlce OF the County Clerk
| OF Kings county yesterday morning by House.
Grossman Voorhaus. counsel to the assignee
| No schedules were filed with the assignment
TO show the amount OF the assets or liabilities
| OF the assignor. The wording OF the assign
ment follows the usual form and states that
the assisnor Ia indebted to divers persons in
go, "a.
pay"
After the assignment was filed. Mr. Daley
made formal demand upon Capt. James b.
Reynolds. chief OF the Brook Ign detectives. for
the money which Reynolds had found at the
headquarters OF the Franklin Syndicate"
when he took possession OF the place on Friday
night, This money amounts, all told. to $500
and Is In possession OF Charles D. Blatchford.
property clerk at Police Headquarters In Brook
lyn. Capt. Reynolds refused TO give up the
money and 80 did Blntchford. Thereupon. Mr.
DALEY went 10 the Vernon avenue police
station and made n formal demand upon
Capt. Lees for the property which Ices re-
| moved from the Floyd street house on Sunday
| afternoon. This demand was also refused and
when he had made II. Daley had demanded all
| the visible property OF which Miller was pos
| sessed. except the Floyd street house. It has
not been determined yet whether the ''syndi-
| cate" man really owned this house or not.
The fact that Daley had made demands for
| Millers assets and that those demands had
| been refused was reported by the assignee to
his counsel. and they said last evening that II
would now become necessary to obtain q court
order to enable DALEY to carry out tho direo-
| tions OF the assignment. which order would
compel the persons now holding Miller's visi-
| BILE assets to turn them over to the assignee.
| Mr.. Grossman. for his Arm, also gave out
| another statement reciting the circumstances
under which the assignment was MADE. This
| statement, In part. follows:
| "On Friday Of last week William r. Miller
| called at the Office OF his attorney. Robert A
| Ammon. and complained OF the publicity being
pressed belief that the doubt that, would DO
| created thereby. would make II impossible
to sqSGesst"g cGGtau1 The Cuisines for
fact that no had paid all his ,diyi-
dends regularly. and that many Of hls
over, In, view OF the doubt which would he
toners as to his ability 10 successfully con-
tnpe the business. by reason OF the publicity
enf sn ayn to h and h H. bns
| ness. or the institution or any otherproceeding
by number OF the denosltors. which would
| result In the immediate return OF the moneys
| deposited by those participating in the run
Or Sttntng me pTGSSeeGnS, to the PGr'Sl
|
| unwilling to participate in either OF these mat
ters. he was advised to make general nsslgn-
| Inent under the law Of all his assets 10 al as
| signee who would hold them for the benefit OF
all his creditors. without preferences. which
advice he accepted
| by this means the assignee, II he 10
| unhampered, will proceed - make an in
| ventory and schedule OF Mr.. Miller's as
| sets and liabilities, and thereafter convert
| all the assets into cash as speedily AS possible,
and distribute the cash, pro rata. among, all
the creditors. share and share alike This
| proceeding makes unnecessary and valueles5
tho, employment OF any person to proter. the
Claims OF tne uepoSItots. Ms thn ass!ghee' VINO
under tho law, to protect all depostors alike.
only result in a loss TO the depositor Of the OK
| penses Incurred by him. Those dcpostors
| will fare best who will Immediately send their
| claims direct to the assignee, IN the removal
| OF the numerous quantities Of books and pa-
pers from Mr.. Micr's place OF business ny tho
| police the assignee may be greatly hamperel
IN procuring a[ul list Of the names and adj
dresses OF Miller'a customers and amounts
| owing to them. The deposltors can greatly
| facilitate his labors by sending to him. for
| their protection, their several claims against
| Mr. Miller"
The statement concluded with the assertion
| that Miller viii return Ia, face the criminal