The free lance. (Fredericksburg, Va.) 1885-1926, 1899-11-30
Big swiLdle Exposed.

Is OOklyn, New Ork, under promise
Of paying dividends Of 10 per cent. q
week on $40 per ceut. per aDDum. and
G." ii La,l'e. his secretary, have been
indicted by tho Kings county grand
jury. Bench warrants were issued
tor the arrest of these two men, but
neither has been found.
The police raided the prem ses oc
cupled by the Franklin syndica'c.
There was a great crowd OF people
arou d the building and the police su .
roluded it. Inspector Brennan arrest
ed Louis Mil r, brother Of the head Il
the syndicate and cashier Of the con-
cern, and took possession of $l5 600
IN CASH. There were forty employees
engaged at work in the Offices, and
these were allowed to go.
IL was stated by LOUIS Miller to the
police that the fiji es were then in the
hands Of ex.Shorff Daily. Of K ch
mOnd, to whom, ne said, the concern
hsd assigned. The charge upon which
Miller was indicted was that Of con
spring TO defraud. The district at
torney's Office in Brooklyn has been
at work on the case for some weeks,
so prominent have Mlller's operations
become in that time.
MADE GLITTERING OFFERS
Miller has been engaged for the
past two years in Offering his glitter
lug inducements TO the people to in
vest their money for him to make use
OF, but il has be, n only within the last
month that by extensive advertising
Ia one way or another he has man
aged TO attract to his Office hundreds
Of people daily, who gathered in a
long line or fought with each other
for the opportunity to hand out their
savings. Even when the place was
ralded tonight by the police, num-
Der of those around the Offices were
waiting to deposit money with the
Franklin Syndicate.
The presence Of the police caused
great excitement. When they enter
ed the Office they we're informed that
at 6 O'Clock that night the concern
had made an assign ment in the bOr-
ough OF Manhattan to James Daily,
ex.sherff Of Richmond. Chef Of De
tectives Reynolds sLid that the police
were the assignees now, and put Daily
q the premises.
DAILY has been in the employ OF
NJ Her for some time past. OF the
$l5 900 taken possession OF by the
police, something more than $4,000
IN cash WAS found in the syndicate
offices. From the record which the
police had made Of today's deposits
1t was evident that a portion of the
money had been removed from the
offices, and Louis Miller, the cashier,
VINO was arrested, was called upon to
make sn explanation. He at first re-
fused, but on being threatened by the
police, said that MISS Annie Cory, an
employe Of the concern who lived in
house adj lining the Offices, had
been given large sum of money in
the morning by the head of the firm.
50 900 IN AN OLD SODA.
The police went to the adjoining
house, where they placed Miss Cory
under arrest. and. after an extended
search, they found nesrly SO 600 con.
cesled in an old lounge in her apart
ments. The woman then declared
that she had this money in her pos
session for the purpose Of paying the
employees of the syndicate. Tue po
lice, however, took possession OF the
money, and gave MISS Cory her lib
erty.
William F. Miller began the Frank
lin Syndicate IN a very small way,
locatipg his Offices among the poorer
classes IN the borough Of Brooklyn,
and making one feature OF his busl-
ness the acceptance OF very small
sums of money and the alleged invest.
ment OF them for the poor people.
He claimed that by inside tips on the
stock market he was able to reap large
and quick profits, of which be was
wiling to pay large percentage to
his clients.
He paid the interest on the princi
pal each week, and his business in
creased. Within the past few months
he advertised extensively, and in all
parts Of Brooklyn could be found men
who could tell wonderful stories of
the weekly dividends. Then some OF
the financial concerns in New York
began to look into the business OF the
Franklin syndicate, and not only did
many of the prominent dnanciers de-
nounee as preposterous the offer OF
10 per cent. interest on money invest
ed, but some of the banks refused to
accept Mlller's account or to do busi'
ness with him.
RAN A BLIND POOL
Itis claimed that Miller was simply
the representative Of syndicate OF
men who had been engaged in cor.
Quoting blind pools for years. 1t is
asserted that the idea of paying IN.
usually high rates of interest or un-