The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-03-16
Some of Them Want
to See Aborn.
SUITS THREATENED
One Man Says He Lost
Something Besides Profits.

&o1-t ore third o jams = A55-1.s
creditors have signed the releases sent
r1t with tns circulars announcing that
Re had closed Up his business affairs.
This e the ststemen. u David r. Jen-
E.Es, his manager, who VIII remain -
the Office for a ferr days YET . receive
tie Signatures Il Ill taoze VINO care
o give them
Il II should 60 happen thar lIr. Aoorn
Is pstitioDed into bankruptcy, u Is ap-
parent that the Names u but q very
te~ creditors will appear and the list
of liabilities will be comparatively
small Certainly those wh1 have a.
ready signed viii not appear. and It
~ IeaECnaDie 70 EuppoEe that they are
the creditors who would wish most 10
avoid the nOtoriety. Those who DO not
sign are those VINO DO not care. Is q
rule, whether their names are pub
lsled OF not.
Inc spy man met one If them last
evening. He is engaged In business on
NAN street. not far from tn. post Of
nee, he II not very heavy loser by
Sir Aborn's failure, although he has
lost enough 10 make him feeI uncorn-
Portable. He did not care TO say
Thetoer ne should bring sult against
3ir Aborn until he learned whether
ne Va" gong to return to Worcester
or not. There was no evil
dencs yet tending 70 show that
ne would return. 50 for as
the appearance Of his name in the pub
nc prlntF was concerned, i didn't give
MN tie least reason for anxiety. He
tailed 10 see, Il men 6peculated and Il
was known 10 an their friends 81 Il
III y. .
20 very anxious u keep 81 al OUT Of
the newspapers. SAID he: 4 know all
OF them, OF most Of them, ard l could
say q good deal Il I wanted TO- But I
shaI keep quiet until II is time for
me 70 speak. Then Wh-- I am ready
for action shall 60 ahead, no matter
now il strikes"
HI laVghted al the suggestion that
al Of the losses incurred by Mr..
Aoorn's customers repragerted only
profit takings, and mildly intirnatad
that In his own case, at least. thew rep
ressnted great deal more and some
thing Tar more tangible. lie had no
iaea where Mr. Aborn might be, but
he would Ike to know very much
The method Of operation pursued in
Ar. AborHs Office seems, in 2. sense 10
be misunderstood. II was the same az
That worked by all offices OF its kind
u customer were 70 trade in 30 shares
Of gugar, he would hand in $3.50 on a
hve-point margin. Mr.. Aborn would
give him a receipt and place his order
with the New YORK CORRESPONDENTS.
Hsight g. Freese. The later would
confirm the purchase or sale by wire,
when bought or sold and at what price.
THAT Ia the wire side Of the story. Then
a record Of the sale would go 10 Mr..
Aborn's bookkeeper, who would make
out a confirmation OF the purchase. The
rrrTrr rv1feg 4fr saFT 4
ca broker, is deducted at the time Of
the purchase. When the customer sells.
the other u is deducted
IL one were TO buy, for illustration.
when sugar was at its present selling
price. 40, and It went down 10 1854
a. below, the other one-fourth would
be the brokers' commission. IN such
a case, unlegs the customer should
place more money with the broker, his
trading is done and his account closed.
4 rice Of one point in tho deal cited
would give customer q profit OF $50,
save chs $3.50 due the broker Every
subsequent rise Of a point would net
the customer $50 clear. The same rule
would apply 20 q drop.
No suits have been actually decided
upon yet. 70 far as known. Mr.
Aborrrs statement that he has lost all
HE property, IL believed by most Of his
creditors, apparently. u this 10 60, of
course, civil suits or bankruptcy pro-
cssdings will AMOUNT 70 nothing, and
the only thing that creditors can hope
for rs that Mr. Aborn will some time
be able 20 make good his promise and
carry IL out.
ono Of Dir. Aborng propositions Is 10
pay creditors pro rata some time in the
future. II. for instance, he decides 10
dlsburse 5000 at the first payment in
case he should make capital in the
future, the man who lost $500 will get
twice az much az the man who lost