Arizona republican., 1899-06-24
The Story of the Spenazuma
 SWindle.
NEW BASE OF OPERATION
Prescott and Northern Arizona Wis Ifsd by an Agent of Inc Speus- Zuma Company Who Promises 10 ReVOIufiOnize Mining There. Another Stock Deal 10 Appear. Record of the Promofers.:

The expose of the Spenazuma fraud
 by The Republican has spread 10 all
 parts of the country. The Mining and
 Engineering Journal of New York,
 which is the leading technical publl-
 cation of the world, reprinted the ar t:cle Of The Republican correspondent
 n full with an editorial eommenda-
 tiorb and other papers have com
 menced upon it and the history of
 other schemes in which the promoters of the Spenazuma company were the instigators, have come to light
 It appears that Dr. Flowei! and
 Tom McEnery are the same schemers
 who worked the great Security mlno
 scheme n Colorado fifteen years ago, i by which thousands of confiding American citizens were cleaned out of millions. Then followed in quick
 succession the Boston Sanitarium scheme. or the famous Flower hotel, ths big Peoria cCl3l and iron foundry
 deal, the Arena Magazine scheme, the great Kam-Kom or fuel saving scheme,
 the Suffolk trust C6ucket shop)
 scheme, the Flower Medical company
 scheme the Watertown. Dak, town
 and land scheme wherein such repu-
 table business men as James P. Cook
 of Jones, Cock 6 Co.,, Boston, and old
 MT. Reed of the great jewelry com
 pany of Tiffany < Go. of New York, and many other reputable and wealthy O i~s1r5
 lions of good money with the smooth
 doctor for his worthless stock aud bonds in these various inflated schemes. Thousands of other icssar lights were induced to contribute their hard earned savings to the pocket
 of this hypno-mesnperic doctor. ex- preacher and long distanea telegraph healer, all of whom are yet mourning their losses.
 Early in the year 1898 the doctor and his pal, McEnery, met in the doctors elegantly furnished back parlor or Commonwealth avenue, Boston, and under the brilliantly iigkted chande- Hers in the dead hours of the night end in whispered phrases, originated the plan and concocted the scheme for one of the most romantic and stupeD- dous swindles that ever went unpun- ished.
 McEnery, who had served the doctor so well in former days, was duly elect- ed to do the preliminary dirty work in the now famous Spenlzuma swindle. He located the SpenaZuma mine. Not satisfied to locate and hold this treas ure alone he located about fifty other worthless claims, had them duly sur- Teyed and recorded in the clerks of- flee in Graham county, all of which. including his expenses to and from the scene of action probably cost the entsTpnsing doctor from $500 to $500. \ rather insignificant sum for ten million dollar gold bonanza.
 The doctor was duly informed of the wonderful feat of his Irish compadre, and lost no time in informing the de- voted followers all over the east and part of the south and west that the long lost Montezuma mine containing untold millions of pure gold had been discovered, and that at great risk of life and great cost, he had actually secured the wealth of a once powerful, but now extinct nation ana being naturally a generous and noble hearted soul, he wanted to share this wonderful wealth with all his fnends from the wealthy banker or monu- facturer who could put in $50,G00 cash, down to the pooE working girl who could only put up 10 cents for one lit tie share. He1c3 he organized his $500 purchase into a corporation rep ten million dollars, or one million shares of the par value Of sf0 each. He, however. Let in few favored suckers at S1 per share or on 0 basis of one million, dollars. and it is said that in the short space Of two weeks he naked in nearly S3O0.- coo. Then he advanced the priSe to 3.50 per share; then without previous notice he jumped the price 10 Si0 per share, or par. And it is stated by those who have had the opportunity to know that the receipts for stock sold before the mining correspondent 1f The Arizona Republican exposed he fraud, aggregated nearly sS,OOO,O00 ,old cash.
 Slick, smooth agents were employed III over the country and paid from '2. 50 to s750 commission per share for convincing the grangers, small mapu- lecturers, merchants, mechanics. school teachers, preachers, book agents, laborers and even working
 Continued on Eighth Page.)