Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1899-04-12
WANTS HER MONEY
YounJ Woman Sues a wash :
ingfOn Broker.
According TO His Story Tic Has Made
Million Dollars in Wall Street
Within fhe Last Three Years.
Both Parties Wen kaown.

Washington. ApgfI ia petition
filed in lne clerks Office of Tie district
supreme court today brings TO light a
story of rapid rise in fortune that
reads like fiction. II is made to appear
by letters written by the fortunate
yCung man himself that within three
years youth, n,cG over twenty 'ee
Years of age, has acquired mere than
81 900 600 through investments in
stocks and bonds. The litigants a-e
Adolph Mcneil Sayre. who is said to
have grown rich so suddenly, and Miss
Maude T. Porter, who charges fim
with withholding $3.50 cf her money.
/ Both are residents of this city and are
very well known and highly respected.
Mr. Sayre left this city in 1896 after
having completed a course at Colum-
bian university law schcol with IN
usual distinction He then went to New
York to study, but, according to com-
mon report, fell heir to $4,000 and de-
voted most of his time to Wall street
His operations in stocks, according t,
a letter quoted in Miss Porter's bill Of
complaint, have been SO successful that
his estate is new worth more than
81 000 0G0 He is said 70 have come to
the complainant in January and CO
tanned from her in al the sum of
81 $50 for the purposes of investment
This money WAS secured on representa-
ton to Miss Porter, 50 says the bill of
complaint, that he he G had much eX-
lperience in buying and selling stocks,
which would 'enable him t. make
money for her. and obtain large profits
for her" Miss Porter entrusted 10 him
the sum Of $3.50, of which Mr.. Sayre
wrote February 8:
Il take the liberty Of sending you a
note To congratulate you. I was fer
turate enough to clear about $50 900 to-
day, and was thus able to double your
check fer $500 You said the othar
evening you might desire to place more
funds in my hands fer your use. I
feel courage enough now to say that if
at any time you should so desire 81
would be willing to accert the trust. In
the meantime I hc'2a to increase ma
Iterially what I have already of yours.
The sum of $4,000 was accordingly
sent him IN February 6, Of which Mr..
Sayre made acknowledgement in the
following form:
Washington, D. c., F'eb. 6, 1899.
Received of Maude I. Porter tM0
Thousand, five hundred dollars ($2,500)
fer investment.
"ADOLPH MONELL SAYRE."
BY accident CT design says the pc
tition, Mr.. Sayre failed to acknowledge
one deposa. Of $50" The whole amount
of money in his hands was, therefore,
81. $50. Miss Porter's holdings were
invested in Metropolitan Street railroad
and Consolidated gas stock, together
with some other funds, and the profit
en- the deal, according to MIR. Sayr2,
was So. 600, Of which $4,000 wer'5 to an
Csher p5g5on. Her prcf1 having
reaches this figure, Miss Porter thought
it but reasonable that her principal,
s.. $50. should be returned, and the
profit thereon further invested. But
the agent did not agree in this and
answered that there were still pos
poets cf large gains and that Miss POr
Ter could net lose by the transaction.
Her Money was secured, he said, by
hundreds of dollars worth of govern
ment bonds. He would sell, however, 4
on the next rise of Metropolitan.
Some further correspondence ensuad,
after which Miss Porter had her attor
ney make demand for the money, but
Mr.. Sayrc refused to treat through an
attorney. ThsreUp0n the lawyer was
instructed to bring suit. The petition
explains that Ed action could be
brought at law because Miss Porter
does not know the value Of her hold
ings. The suit is fled in equity, pray
ing for an accounting and the delivery
OF all OF ths petitioners property now
held by Mf Sayre, and an order to
compel him IT,, remain in the District
Of Columbia until the case is settled.
a