The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-11-24
MR.. MILLER'S SYNDICATE.
i,rrSTORS VINO WISHED TO WITH
nBIU PERSU AIDED MOI 10 DO 50.

FIn,.Tootcd Statements of Wen whose
Nnmcs Were Given az GunrnntorS OF the
snuudncss OF the SyndicRtc#As to tho
syrdicatc's Incorporation in New Jersey.
forcrunner Of evil times. ne some persons
utshi - nsilcr II. appears to have overtuk'n
VILLAIN =. Miller aud his franklin Syndi-
co,a" Yesterday persons served upon him
,be one weeks notice. which he requires. OF
,be., intention 10 withdraw their deposits.
This wa,ancw experience Tor him. For many
cocks men and women have been falling over
oro another in their rush tn get into the Office
of,hc syndicate" at IA Floyd street. Brook
i,, ,ocxchanGe their money for Millcr's crr-
pa,,,cs II deposit. In the hone Of becoming
,,cbor through drawing the 10 rcrcent awees
interest which the young man proiniscd To ray
NJ, Aft moneys mp 10 81 600 which are deposited
with him.
Miller didn't quite understand. ut first. the
new turn which his affairs had taken. Later
h, ,be dav somebody suggested 10 Him that it
r,.us, possible that al! IN" free Advertising he
bos loon getting during the rast few days in
tho newspapers wasn't an especially good
thing fora business with all the peculiaritics
of'he Franklin Simulate When the young
hnss ~ the syndicate heard this. he Is reported
:, have given his head "a toss and ~ have
satl:
n.
n, matter what they print. The people will
keep on coming Just the same. because they
know when they're VOL ~ and because they
know d. lo Just what agreed to"
Thor he proceeded to talk To- soma Of his de-
r,.'nrs fpr the purpose of getting them to rc-
,ou.plgrt their decision To- Withdraw their de-
ro.'s When tho syndicate man las the
inclination. he can be very persuasive. and.
IT. FAR n could be- learned he got all
hs customers. except ON" oNdutatc WOO
man. - leave their money whor" II was. This
w,;k y ti,kn. his terusliNrs over was all
excellent imitation Of a continuous performs
,pcc and ~ gagged Milcr'S attention during u
good rart Of the morning. Toward noon. how
avrr. he found timc TO devote to other matters.
u,r Of his !ogty.nve clerks explained that It
was not because the boss waited the money
tha, he pleaded with his dcrusiturs, hut lie dii
II mrly because he didn't want to lose a
az . drpo~,tor. now that he and hiS bus
methods were being - closely examined into.
yu'L.l. can he learned from N,!rr H. TO tn,
ts.a.. ~ h. transaction. IN Wall street Ha
saw hints rs business, AM whru b" doesu
~ that. b" si.1Ns mi~'rrnusM Rhnut
,rrN1rfir "'3 arm , H. T rom " an"th-r
source however. "a REPORTER for rHE SvN
learned Yesterday something auour IN" ~yn-
G,ca,s mans eNI"i,"u'" 80 Wall Street.
aIteared there ore day win - man VIII hal
asystem for beating n" mlr~"'. Miller did
n't- or no traliuE On h. own account. SO Tar
as auyhody knows who @ ui 10 found yr>t-E-
day. but he kept his friend pretty close com;
Iany The system mans good thing failed
hlm after q tim" and he ost "N.rythtns b" had.
Then Miller apnounc"i 'ha' ~ ir;end %8wed
him ahoG, fi?9 ~, 'Pi a giis' H4t EM ,,
Known him in the street. A"q' three mouths
age however. according to the Interruption
furnished to The SrN. he r"hrr"ar"d aud
i'm grHeS .. broG.fs lie ttislei N Rr"o&>ri%ni
Rand TransI' in III" stock Il the AmSr'can
Sf HSI' .io|Ss On H. .s, " IL n s aeSt
heavily and for a time NAL" good prohts He
t-uare IN too .ong. however. as many other
,I.cu 'a'or- 30. ard. - he story was told. he
log, a ny a.' That h" ru' IN
Thai Nd- oUlyA ont three months agr. He
,p"r1la'ri on smai, scale j. is said that. in
s thS r @2EGT sy 81 q:
suggested y.-'.-!ay thar the inside lnforma.
tiou AMI the Warrington WIRE" ought t.
nave furnished POINTER, :" Justify pretty are
II was also -lSE"S's| mat. T. these 10 nter-
ra''"t hin, In" rrnt's instead OF cold losses
nowrE., ms may L.. all Of the young mans
thing definite Is known thus far. show that hts
ira Ing was on u, very small scale. that the
Washington wire" had klnk. in ttard the in.
SIDE information wasn't worth a rap
INQUIRY YESTERDAY brought forth information
r.eardl.g the, Investigation, q the Franklin
vay on Wednesday. saying thathhis business had
teen ncorI o at-d. that n Mr.. Wood of some
New Jersey trust COMPANY was rs president.
cashier Of bank in Fast Orlnge" was thu
treasurer For further particulars he referred
mon. whose Office is AZ ~, Nassau street.
srN reporter asked Col. Annyn for further
The Colonel was iuii Of particulars. He said
that the Franklin syndicate was incOrpOr-
a'et %. "'th.r Nov IGOR u, underline laws ofthe
o@aS S' y jrSy h tn" GSrn G T5as,
vas r~mindel, that the. l9'h va SUNDAY
f be- eossS snn , tina; thS tgstneIi mus,
,hsi the cooperate name Of the new
S"mIaPy was he Frank IA syndicate. Inc r
,iGp provided tina, h" new c,nc"rn ouIi my,
" oh hing" He said he g9r tai stock, raii
But" said the Colonel. Only a temporary
nrea9zzatton has been formed. This man
No. I've forgotten his inita $. simply t'oE
,hr other officers and for III" tine being, only
Si,nI capitaI was put ", Bur. mimi YOU be-.
Iosit"d with Wells Fargo Company SiOO.OOO,
a ss,a gnarantee Of assets to II" men who were
Ssn H. late 81 sn W SGsr To p, the
iflat e Of derosit Is Nov n Why. say. il /
should should ,- yon the name Of the man who was
cc9,mIpanY you would know him az once as one
oi.!.ua most prominent men in Wall Street
1. nll"r ANNOUNCED. you remember, that this
BUSINESS Wouli Ia Incorporated on Dec .
hht announcement Will e carried cut To tho
Ieusr. but - some time before Dec > Ac-
eotn ne 10 the agreement. a soon as the per-
inhLent organ eaton il effected. Miller is to
VIII over 70 the registrar Of the stock. the Cor
Eotaloh Trust Company. SlUUDOOO AMI
ior That sum the trust contrary will
issue 10 him 100000 shares OF thu
MMocH. o. a nar value NJ SO q share
Im ,Nt",pO which Miller will turn over
WI ne th+ capita Of the company. He will use
~ Huch o' thls stocx a. Is necessary tu redeem
tne receipts NJ his depostOrs who will
,Hecome Stockholders in the new company. and
.ne balance he will hold and sill at his
OWL price, And you let ne'.l get hi-
I'm price before, h" parts with H.
ga Ga , line meantime | shall get certiN-
yys,e L"rmi'tlng the company TO do business in
M nihtH and thsn we'll 90 on. But under tn
Nv We got ihlr'err mouths in which 10 get
snhc"rtI'ch'e after IN" articles Of inrorrO-
r ran hT" He'd. and during that time We can
G,ruh l.!ng business here"
,lhc, ar. NOOi " referred to by Col Ammon
an an Miirr as the president. Temporary or
uum~tWlSr, q the new company. prOvrs 10 be
TTuMafa h Wood president oi III" Corporation
Nv, omWny., The cashier of a bank in
tnaN orange, who was elected treasurer ~
H., ~" company, according 10 Miller. turns M in
TrIer~nn - y. Is, Dll, another officer Of tho
ooo"',r"ra' on Trust Company. Mr. Wood gave
nut u statement yesterday Regarding the IN
81 M -,